RRL is seeing pressure because of company specific factors so even if the gold price went up it wouldn't surprise me to see it get sold off tomorrow. I had a feeling the market wouldn't like the quarterly figures but as I was saying in the last post it has taken a day for people to work it out.
Candle being formed today is very bearish and on high volume. Could see it move back to $1.80 quite quickly.
While I expect a medium term boost from covering of excessive short positions, the shorters wouldn't be quaking in their boots after reading those quarterly figures.
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Last
$16.59 |
Change
0.035(0.21%) |
Mkt cap ! $18.90B | |||
| Open | High | Low | Value | Volume |
| $16.41 | $16.64 | $16.39 | $18.65M | 1.131M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 5555 | $16.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.59 | 252 | 3 |
View Market Depth
| Last trade - 12.38pm 13/11/2024 (20 minute delay) ? |
| NST (ASX) Chart |