Hi Furniture,
I think a retracement (Scenario 2) is the less likely option of the two I mentioned and, on reflection, I agree with you about the retracement level. A 0.618 pullback to 19 cents would be too severe (if it were to retrace now) given the strength of OVR's rise over the last two days and the compelling fundamentals that are evident to new entrants. Perhaps the 0.382 retracement to 23 cents is more likely to be the worst case. It's really gut feeling stuff and no more than that, and the market has been driving this one upwards with a strong determination so it won't surrender gains readily.
Regards,
Bones
Hi Furniture,I think a retracement (Scenario 2) is the less...
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RNX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.80M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $9.099K | 909.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 4650000 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 3423641 | 4 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| RNX (ASX) Chart |