I agree with the thread title in full.
A charts will not be as honest as any companies long term appearance.
And this stock appears to have good top 5 investors, some good to excellent mine potential and a good commodity hedging strategy to protect it.
It's all a matter of time before a company like this gets you a dollar or so.
Charts on penny stocks will give you the heebies and can only lure you to buy or sell short term - which is normally done at a loss, according to most traders.
I would be in here for the next 3 - 6 months before i reassessed my position, but i am not in (but that may change one of these days, who knows..?).
L
forget the chart, we're gonna bounce, page-18
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Last
16.0¢ |
Change
0.015(10.3%) |
Mkt cap ! $65.15M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 16.0¢ | 15.0¢ | $83.51K | 553.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 51532 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 153815 | 4 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RXL (ASX) Chart |