If support breaks due to an extended macro cliff, then I could see RCEL back in the 12’s down to the 50 WMA. If the 20 WMA holds, then it’s back up from here. Since there’s no immediate catalyst and no FCF, I wouldn’t rule out 12’s, but looking at the long term, I’m seeing multiples from today’s levels. You never know when those multiples will arrive, so it may be a good idea to hold some LT and trade with some. Maybe buy some now, but keep a reserve in case of a dip to 12. Just my thoughts.
Ann: Notice under section 708A(5)(e) of the Corporations Act, page-21
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$2.50 |
Change
-0.080(3.10%) |
Mkt cap ! $173.1M | |||
| Open | High | Low | Value | Volume |
| $2.48 | $2.56 | $2.48 | $878.3K | 350.1K |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 20009 | $2.48 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.53 | 622 | 1 |
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