As I stated yesterday, it was a 'turning point' with its bearish candle and today there was some chunky selling down to 31c.
Todays volume was average, similar to yesterdays, and is not yet substantial - while analysts are positive on the long term, they're equivocal now.
For now 30c is critical support, and 33c is near resistance. The current market depth reflects these values.
With the A$POG near 3100, RED's margin of around A$1000 for its unhedged oz's still ensures continuing financial health and a consolidation of its game plan .... to be involved in further Leonora area consolidation .... this will take time.
As I stated yesterday, it was a 'turning point' with its bearish...
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Last
36.0¢ |
Change
-0.010(2.70%) |
Mkt cap ! $2.448B | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.8¢ | 36.0¢ | $9.825M | 26.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 1862724 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 2312588 | 9 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RED (ASX) Chart |