This TEST this morning, with the price of gold dropping considerably and the markets shaking on their knees has demonstrated what RED is made of, with no panic at all, and I've certainly got a renewed confidence now watching the support pick up at 11 cents. RED has endured well IMO.
And what I have observed in the past 15 minutes is confirm my view that we have some major players supporting RED at current levels. In fact I'm surprised they didn't let it fall further before stepping in, but I am very reassured with the support now occurring.
(I don't think we're going to have the opportunity of 10 cents today or any day - maybe we have just witnessed bargain basement for RED this morning, at 10.5 cents momentarily - unless gold price drops to US$700 Lol!).
This TEST this morning, with the price of gold dropping...
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Last
42.0¢ |
Change
0.010(2.44%) |
Mkt cap ! $2.857B | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 42.5¢ | 41.5¢ | $7.599M | 18.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 554744 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 402000 | 9 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |