RTR 9.84% 5.5¢ rumble resources limited

Since we only have 32% for top 20 holding, the high volatility...

  1. 981 Posts.
    lightbulb Created with Sketch. 77
    Since we only have 32% for top 20 holding, the high volatility is expected. this sliding made me sick, especially after massive topping up at 50s and 60s.

    But, I do think this probably the bottom sp range based on current fundamental info. The MACD chart also looks good with selling volume declining.

    Although the price accumulation still looks bad, the selling volume has reduced to normal trading level. and with any good news, we should be getting back to 50s. if the news is bad, we will head down to 38 and test.

    aimo, GLTAH

    Apart from that, I just list some figures for fun.

    From 19 apr to sp peak day, it traded 220 mil units, buying up, +we raised 41 mil aud, for 82 mil units. comes to a total of 300 mil.(up trend)

    From the peak sp to 2 Jun, we traded 68 mil. (sp over 0.5)

    On a single day of 2 Jun, we traded 26 mil, then it comes to average of 3 mil per day to now, we have traded another 30 mil units.(sp under 0.5)

    Sum all these up, it comes with roughly 130 mil units.(down trend)

    approx. 43% are traded...for whatever reason.

    I doubt if the majority cr investors (82 mil) will sell, so just assuming most of the sell comes from the retails, which increase the turn over rate from 43% to 60%. Is that mean most of the retail holders since 10s has been washed out in the recent 60 mil trading volume? And the left holders may be the strong support for current level and above?

    happy to hear if anyone could add some more insight based on these figure.



 
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