RDN 2.94% 3.5¢ raiden resources limited

Can it hold this level, facing an adverse macro?.This week...

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    Can it hold this level, facing an adverse macro?
    .
    This week played in zone of 3.1/3.6 - but 3.1 is the key. It has held for now. A few attempts to break that, somehow it held. But I feel it may be strongly tested next week, based on macro conditions, unless we have an announcement of our own.
    .

    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. If we can hold this level where most Li stocks are being thoroughly tested, that will be very positive.
    .
    Personally, last week I wrote I had bought at 3.1 average, and had also written, I will hold till 2.8 is "looking" like holding. So I am still holding. This week will decide, whether I add or subtract. I follow price, and will follow that.

    .
    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-73440898
    .

 
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Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
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