Mixed signals on the tech side imo
The positive is that the SP is trading at the bottom of the Bollinger bands and price channel which suggests oversold although there appears to be a lack of buyer interest right now (OBV bearish). Trading sideways at low volume is the main picture.
Results pending from Paddy's Lode and Midway are the obvious drivers but they could be some way off as I previously posted. I'm a long term holder and there is no way I would sell right now. Very happy to wait for the analysis of Paddy's and Midway based on the stunning results so far and the pending ones. My only concern is the company's exposure to a low ball TO from RMS when Hawke's Point will be down to an 8% stake after the consolidation with Venus. Hawke's Point are long term holders from their track record at Capricorn. Venus will hold 17% which is a concern imo.
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Mixed signals on the tech side imoThe positive is that the SP is...
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $55.17M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.5¢ | $11.38K | 84.02K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 480392 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 293274 | 6 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| RXL (ASX) Chart |