RDN - holding the level?.From a weekly perspective, a small drop from 2.4 to 2.3. A similar play like last week. All week it played in a very small range 2.2/2.4. Volumes, comparatively much smaller. So, at this stage it is in an undecided state. But holding the level may still be good, for now..So what is happening here? Same as what I wrote last week. Playing the macro. The Li macro is not in a good state. Spot price dropping further. ALB which I track for barometer is trying to hold 70, last week it was trying to hold 80. . But ALB has risen 10% from its lows - so some hope of bottom. Ganfeng within 1%of its 52 week low, doing a new 52 week low this week. So overall not good. But some positive signs. General markets behaving. PLS buy of LRS has created some positive sentiment..Personally I am still waiting, want to see some signs of bottoming, of reversal, just not for RDN but for Li stocks in general. Unfortunately, none till now..So what may happen next week? Not sure. We want general markets to hold. Its looking better than last week at this stage. We want Li macro to improve. I don't think its better than last week. So overall neutral compared to last week. RDN has been able to hold this level where more advanced stocks like GL1/GLN/AZL are at similar level - market cap in 60s of millions. Without confirmation of resource, that's a good level - where Li market is currently. That means many hope for something good here. Its positive. Does not mean there is confirmation. We stil have to wait. Hopefully its a positive wait. Enjoy your weekend and all the best.
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Last
2.6¢ |
Change
-0.001(3.70%) |
Mkt cap ! $70.69M |
Open | High | Low | Value | Volume |
2.6¢ | 2.8¢ | 2.6¢ | $170.6K | 6.448M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 2476650 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.7¢ | 190740 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 2476650 | 0.026 |
12 | 2824382 | 0.025 |
18 | 4019714 | 0.024 |
16 | 3951643 | 0.023 |
15 | 2962245 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 190740 | 2 |
0.028 | 618200 | 7 |
0.029 | 460000 | 3 |
0.030 | 4064232 | 6 |
0.031 | 2082221 | 5 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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