With low RED daily price ranges and low volumes, my short term trading has been a bit cramped so my mind has wandered back to considering my long term view.
I still see a pole and pennant, now with a pole height of USD 520 indicating a rise to 1800+520 = 2320, and a flag length forming an apex in Jan indicating a break upwards before then. Note the pole follows one section of the PRT ZigZag plot (black lines.)
PRT indicates RED SP is declining but has just formed an upward ZigZag section (not shown here.) Still hoping for AUD 50 cents when the gold pennant is broken upwards.
Hoping to buy back in at an opportune RED price during the expected US election uncertainty.
Ann: Quarterly update presentation, page-8
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Last
34.5¢ |
Change
0.010(2.99%) |
Mkt cap ! $2.346B | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 35.5¢ | 33.5¢ | $13.13M | 37.89M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 1581988 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 605979 | 8 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| RED (ASX) Chart |