Will next week change the fortunes?.
Yes, ENV dropped from 0.9 to 0.8 this week. Volume slightly better last 2 days. Also this week, it was trying to hold 0.7, to check if it reaches 52 week low of 0.6. It didn't this week, but was looking very vulnerable this week, so lets see.
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So what is happening? Everyone seems to be waiting for the results. Those holding for sometime have come this close, they feel they will try their luck. New punters not ready for the risk. Overall in limbo. Stock price has dropped a lot, so many feel the downside may not be much, upside on a good result could be rewarding. So risk reward is not bad. But overall sentiment in general market and REE has eased a bit, so will be interesting to see see how market reacts on the results.
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Personally I bought a few this week. Heads now at 1.2 and oppies at just above 0.7, so down on both. Its a long play for me, some rare stocks I play for long. Its not looking good though, but based on my portfolio and exposure, I thought I may weather the storm. Lets see.
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For those interested how the stock is tracking against other REE stocks or who hold multiple REE stocks, I do a Weekly Report across 30 ASX REE 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.
..https://hotcopper.com.au/threads/enr-weekly-report.7575014/page-2#post-75059242
