Those would be the bear traps I've mentioned in some of my previous Chart posts, MACD bottoms out, share price drops below the 50-MA line, scares some people into selling and triggers stop-losses before bouncing again. Currently sitting in the demand zone box between 1.1c-1.4c.
Will come down to the upcoming assays bringing good news but likely see a push up from here in the lead up to mid October news and maybe back to the 1.8-2c level if the rest of the market can settle a little.
Chart, page-176
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Last
1.5¢ |
Change
0.001(3.57%) |
Mkt cap ! $12.67M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.5¢ | 1.4¢ | $4.858K | 335.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 173843 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 1444267 | 8 |
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| Last trade - 11.19am 04/10/2024 (20 minute delay) ? |
| RR1 (ASX) Chart |