RCR 4.76% 10.0¢ rincon resources limited

How will CR impact short-term trading?From a weekly perspective,...

  1. 4,293 Posts.
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    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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(20min delay)
Last
10.0¢
Change
-0.005(4.76%)
Mkt cap ! $28.83M
Open High Low Value Volume
11.0¢ 11.0¢ 9.9¢ $547.8K 5.359M

Buyers (Bids)

No. Vol. Price($)
5 404961 10.0¢
 

Sellers (Offers)

Price($) Vol. No.
10.5¢ 606020 14
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
RCR (ASX) Chart
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