RDN 2.94% 3.5¢ raiden resources limited

Is something brewing?.Yes guys I am back after nearly 6 months....

  1. 4,123 Posts.
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    Is something brewing?
    .
    Yes guys I am back after nearly 6 months. I had a good play last time so am hoping to see it play out again. My last post was in December, where I was posting the weekly report. Last buy a small play in Nov. But a much bigger play when we ran up to 8. At that time I had written I sold out around 7. I got a lot of flak and name calling because I had sold. Something similar to on Friday when I sold one stock. But I have always said, I follow price action more than anything. So, at least after what has happened in last 6 months, I feel at least people may understand why I had sold at around 7. But I know a few will not, but that's fine.
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    So why did I buy this week? Price action. There were 2 numbers that were key for me - 2.8, but more importantly 3. So I waiting. Yes, some would say very patiently for months. So when I saw first break over 3 this week, and then seeing that it looks like holding, I bought at average 3.1. I will continue to hold till I don't see a very bad price action - key for me if there is weakness, is that it holds 2.8. Otherwise I will have a think. Don't bash me if I have to sell.
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    So what are the key numbers? Downside 2.8 to hold. Upside, first key number for me is 4.1, then 4.5 and after that open sky.

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    For those interested how stock is tracking against other Lithium stocks or who hold multiple Lithium stocks, I do a Weekly Report across 96 ASX Li stocks. It has got Weekly/Yearly data how stocks are tracking. I also have commentary across general markets and sector. Those just holding specific stocks, it may not be relevant, so please ignore.


    Here is the report for this week.
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    https://hotcopper.com.au/threads/sya-weekly-report.6951924/page-3#post-73331635
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Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
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