RCE recce pharmaceuticals ltd

well i ended up not buying more today opening just above my last...

  1. 4,135 Posts.
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    well i ended up not buying more today opening just above my last purchases and then drifting higher
    like many i suspect , i am reluctant to trust these guys to have initiated a reversal accumulation program until i see a clearer picture of not hitting the bid with small trades between taking the offer from time to time
    it could be designed to suck in more buyers between 9 and 13 so they can get more away without having to sell down padt $1.05 that drags down their average short level to far and puts at risk of not being able to accumulate enough back on reversal to get past breakeven ( wherever that is) suspect around 1.20ish to 1.25 say at a guess

    attempting to buy 5mill outright before that breakeven point could likely be fraught with difficulty if sellers back off
    the big risk for this strategy is that good news emerges to soike the price back over 1.30
    then the profit strategy goes from green to red very quickly and accumulation hopes die away
    anyway lets see the next few days
    today late before close looked very promising but fake bids and offers on light volume can be designed to encourage that sentiment

 
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(20min delay)
Last
31.0¢
Change
0.010(3.33%)
Mkt cap ! $89.39M
Open High Low Value Volume
31.0¢ 32.0¢ 30.0¢ $25.76K 82.29K

Buyers (Bids)

No. Vol. Price($)
2 13550 30.0¢
 

Sellers (Offers)

Price($) Vol. No.
31.0¢ 18938 1
View Market Depth
Last trade - 16.10pm 27/06/2025 (20 minute delay) ?
RCE (ASX) Chart
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