How will CR impact short-term trading?
From a weekly perspective, a drop from 14 to 11.5, which may not seem unexpected, with a raise at 10.
So what is happening now? trying to stay above CR price. Still 3 days before CR shares to be issued. So some play around that - in anticipation what CR holders may do. This stage, without an announcement, is an indecisive phase. So very difficult to say what may happen in short term, like 1 week. So I won't take a stab.
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Personally I am exited my holdings this week at 12.5. As I wrote last week, my average buy was 4.5. I like the play here. Only reason I sold was because of CR play happening now - it brings some unknown play. So I thought, I had a good gain. I will get out and see how it plays out. I don't have an opinion. As I write on most stocks, for me trend is most important as I am looking to trade. So I will be watching that. For long term holders - RCR has done very well, there may be small hiccups, it may be part of the game.
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I wish everyone holding all the best. It has had a stellar rise and lets hope it keeps that way.
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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.
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https://hotcopper.com.au/threads/enr-weekly-report.7575014/#post-74009072
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $32.43M |
Open | High | Low | Value | Volume |
11.0¢ | 12.0¢ | 10.5¢ | $580.6K | 5.152M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 1228364 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 150910 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 1228364 | 0.105 |
13 | 1136600 | 0.100 |
3 | 155051 | 0.099 |
2 | 184606 | 0.098 |
1 | 341 | 0.097 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 150910 | 4 |
0.115 | 306372 | 7 |
0.120 | 351312 | 7 |
0.125 | 506674 | 11 |
0.130 | 607915 | 18 |
Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
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RCR (ASX) Chart |