REE 7.69% 1.4¢ rarex limited

How much tolerance have you got to ride the rollercoaster? Long...

  1. 9,297 Posts.
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    How much tolerance have you got to ride the rollercoaster? Long term I have strong conviction that REE attains a market cap comfortably in excess of $100mill. That would be more than double current levels. But we are in a very volatile market environment right now and fluctuations in the US markets could have unpredictable consequences in our market (particularly if major margin calls get triggered). I have a key support point at 11.5 cents which I think is maybe a 40% chance of being on now, 5-10% this time last week. Real support may be as low as about 9.4 cents which is the bottom of the hourly break up candle on 30.9 that preceded the big run, see yellow circle on chart below:

    You need to make your own choices, and I am by temperament a holder, but sometimes taking a loss for peace of mind and review is more valuable than spending mental capital being in the market and accordingly why I sold my trading parcel.

    https://hotcopper.com.au/data/attachments/2608/2608064-41bc58d7b71eb64b80277950c8618018.jpg

 
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Last
1.4¢
Change
0.001(7.69%)
Mkt cap ! $11.06M
Open High Low Value Volume
1.4¢ 1.4¢ 1.3¢ $9.953K 746.9K

Buyers (Bids)

No. Vol. Price($)
14 3517172 1.3¢
 

Sellers (Offers)

Price($) Vol. No.
1.4¢ 443903 9
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
REE (ASX) Chart
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