How will CR impact short-term trading?
From a weekly perspective, a drop from 11.5 to 9.3. Last week it dropped from 14 to 11.5. So 2 decent drops in 2 weeks. But it has risen a lot, so it has to be looked on a longer timeframe, where it may, or I would say it is, still very good..
Last week I wrote how the CR raise and price may impact in short term. Somehow it played that way. It was all about 10, and some under 10. So no surprise there.
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Personally I wrote last week that I had exited my position at 12.5, my average buy was 4.5. Main reason I gave was I wasn't sure how CR play will happen. As most would have known, I play for short-term trades, so got out. I know most are long terms, its doing well, it is one of the hiccups to get over. I have not yet bought. I was tempted on Friday closing auction, pulled out last minute. I want to see a trend change. For me trend is important rather than picking bottom. So I will to see a change in trend. A rise over 10.5 may look good, so 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.
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https://hotcopper.com.au/threads/enr-weekly-report.7575014/#post-74120955
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Last
14.5¢ |
Change
0.010(7.41%) |
Mkt cap ! $41.80M |
Open | High | Low | Value | Volume |
13.0¢ | 15.0¢ | 13.0¢ | $1.726M | 12.03M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 398964 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 1463547 | 21 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 222765 | 0.145 |
9 | 221740 | 0.140 |
6 | 132795 | 0.135 |
14 | 975381 | 0.130 |
4 | 128222 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 1198681 | 17 |
0.155 | 1578074 | 8 |
0.160 | 268990 | 5 |
0.165 | 345353 | 6 |
0.170 | 252000 | 4 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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RCR (ASX) Chart |