Some short term pain for us holders as the RP price continues to show weakness. Has recently broken down through the 200 day moving average and no signs of bottoming out or a base being formed yet.
The RP price has a historical tendency to revert to the 200 day MA levels (see charts below) so IMO I can't see the price falling too much further.
Some interesting parallels of price behaviour of the 1974 price shock versus the 2008 shock, where prices dipped below the 200MA 3 times in the 1960-2003 chart before resuming the uptrend.
The RP price since 2008 has respected the 200MA twice and broken down on the 3rd test. Could be the final test before swinging higher.
All IMO and DYOR.
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $24.33M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.9¢ | $7.105K | 789.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2127381 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 896694 | 3 |
View Market Depth
| Last trade - 15.54pm 13/11/2024 (20 minute delay) ? |
| AEV (ASX) Chart |