Verda, in TA supply can be seen as volume increases in various scenarios. Note how today's volume is significantly higher than previous days and we finished mid-way between today's low and high - that means we're starting to see some selling pressure aka supply.
Don't get me wrong I am very bullish on RNT but it is important to take note of what the technicals are telling you and keep your expectations in check. It's also worth noting that increased supply is natural after the sharp gains we've seen but doesn't necessarily mean the run will stop if demand keeps up. I was also alluding to the fact that the November update will probably have to be good in regards to UV and listing numbers to keep the ST buying momentum going.
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Last
1.9¢ |
Change
-0.002(9.52%) |
Mkt cap ! $14.40M |
Open | High | Low | Value | Volume |
1.9¢ | 1.9¢ | 1.9¢ | $20.53K | 1.080M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 219492 | 1.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.9¢ | 172869 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 219492 | 0.018 |
5 | 517598 | 0.017 |
4 | 181329 | 0.016 |
3 | 320066 | 0.015 |
1 | 200000 | 0.014 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 172869 | 1 |
0.020 | 105000 | 2 |
0.021 | 166923 | 4 |
0.022 | 62500 | 1 |
0.023 | 272505 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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RNT (ASX) Chart |