My first post on RCR thread.
Two reasons, firstly I bought on Friday average 4.6. Was watching if 4 is going to hold, then got in, a few buys. Second reason is I do a Weekly Report across 30 REE stocks for close to 2 years now. This week I added BRE/ENV/RCR/VMM to the list. I usually do a post due to that.
A very strong play. I had done some small play before between 3 and 4, twice, so was always wary about. It ran over 5 quickly, but came back too. I didn't play that one. But once 4 looked like holding, I thought odds are not bad. I am not very strong on fundamentals, usually follow trading patterns. Also, because of that, if for some reason I feel weakness in trading, I do get out as well. But if it looks like holding, then I may continue to hold. exciting times, close to 52 week high of 7.3. General markets improve on Friday, so macro should also be at least neutral if not positive, which should help.
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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.
