From my limited understanding of charts i think RED is close to testing an upper resistance level based on daily and weekly graphs. If it breaks through 6.0 cents then its potential move is up to around 7.2 cents.
It is encouraging that volumes are picking up and the price gap we have seen previously is now closing.
Anyone else have a view of RED's technical trading pattern?
chartists view of red
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 (20min delay)
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Last
36.0¢ |
Change
-0.010(2.70%) |
Mkt cap ! $2.448B | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 36.5¢ | 34.5¢ | $18.03M | 50.46M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 588995 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 407514 | 10 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| RED (ASX) Chart |