From a weekly perspective, a very good week, and did the reverse of last week. Last week we dropped from 14.5 to 9.4. This week we moved from 9.4 to 14. So somewhat wiped away previous week drop. Overall looking very bullish, for those looking fundamentals for those like me who look for technicals/trading patterns.
So what was good about this week? Came back to test 14.5 couple of times from which we had dropped 2 weeks back on weekly. But what was very good? The hold of 11 last 2 days. Sometimes, I feel the higher numbers don't give a better picture. The lower numbers do. I use that often to see a strength or weakness. The hold of 11 and for punters not to sell below that is a good strength. Overall, stock is playing great, nothing much to dislike. . Personally I am still holding from my average at 4.5. No trades for me. Happy to hold. If it looks like going over 16.5 I may add, if it looks like dropping below 10, I may have a think what to do. . For those interested how the stock is tracking against other REE stocks or who hold multiple REE stocks, I do a Weekly Report across 30 ASX REE stocks. It has got Weekly/Yearly data how stocks are tracking. I also have commentary across general markets and sector. Those just holding specific stocks, it may not be relevant, so please ignore.
