REZ 4.35% 2.2¢ resources & energy group limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-26

  1. 817 Posts.
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    I reckon it's mostly 1 or 2 large holders selling down into upwards pressure. Maybe a top 20 exiting perhaps, would be good to see broker data to verify.

    IMO the dragonfly doji on last weeks candle with a spike in volume suggests that downward selling pressure is being soaked up by the buyers. If this weeks candle finishes bullish then that could be considered confirmation of a reversal on the weekly chart.

    Can be difficult to use TA at this end of the market tbf, especially when volume is so rubbish.

    Ultimately, positive regular news flow will move the dial, two things $REZ has been short on recently, let's hope that is about to change.

    Cheers,

    DMac

    https://hotcopper.com.au/data/attachments/5192/5192712-967b3b10316ad24a405db6dddf06d9ee.jpg


 
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Last
2.2¢
Change
-0.001(4.35%)
Mkt cap ! $14.22M
Open High Low Value Volume
2.0¢ 2.2¢ 2.0¢ $13.52K 643.8K

Buyers (Bids)

No. Vol. Price($)
2 347619 2.1¢
 

Sellers (Offers)

Price($) Vol. No.
2.2¢ 335454 3
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Last trade - 11.18am 06/08/2024 (20 minute delay) ?
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