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Mustwin1

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01/06/24

22:29

Post #: 74121441
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Originally posted by dc1234: ↑

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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Thanks Silent-Bubbles. On your bike

RCR Price at posting: 9.3¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 5.1¢		Change -0.026(33.8%)		Mkt cap ! $14.85M

Open	High	Low	Value	Volume
6.6¢	7.1¢	5.0¢	$2.170M	37.28M

Buyers (Bids)

No.	Vol.	Price($)
3	530415	5.1¢

Sellers (Offers)

Price($)	Vol.	No.
5.2¢	280000	4

View Market Depth

No.	Vol.	Price($)
3	530415	0.051
15	666368	0.050
4	126624	0.049
2	250000	0.048
2	76100	0.046

Price($)	Vol.	No.
0.052	130000	3
0.053	10000	1
0.054	221042	3
0.055	17924	1
0.056	50000	1

Last trade - 16.10pm 30/07/2024 (20 minute delay)

RCR (ASX) Chart

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