Today was an emphatically positive day - bullish green "hammer" candle with the largest volume for the last month at a new monthly high.
The idea that at 20c buying was crazy brave is wrong - there was lots of informed analysis that predicted that RED (and certain other stocks) would be added to various indices, and this made the run up to 30c+ a very safe bet. But although RED is now a relatively safe, it will require certain 'confirmation' to go to the level some RED's bullish supporters are predicting IMHO.
Lest we forget, debt is still an issue as is RED's hedging.
BUT I am looking forward to knowing the identity the buyer(s) responsible for the last 10 days trading volume and SP surge.
Today was an emphatically positive day - bullish green "hammer"...
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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 |