If you look at the chart, I think the retracement haven't done thoroughly, we can only blame the low quality CR at 1.1c per share,1) The share price still haven't touch the bottom of the downward channel line, which is ~2.6c;
2) To confirm it, think Fibonacci retracement from topmost at 0.115 to lowest point at 0.01, the retracement is going to 0.786 level or even lower;
The retracement should can finish by mid Sep - End Sep according to the chart, the share price just hit top of the down trend channel only. All are just my personal view and in combination with the exploration target from Oct - Nov 2020, I think they may delay further which happens to many companies.
DYOR and GLTA
Chart - RGL, page-94
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Last
0.8¢ |
Change
0.002(25.0%) |
Mkt cap ! $8.467M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $229.5K | 30.13M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 3120264 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 7004799 | 14 |
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| Last trade - 13.14pm 15/07/2024 (20 minute delay) ? |
| RGL (ASX) Chart |