RCR 29.2% 11.5¢ rincon resources limited

go and read my other posts if you really want to know and...

  1. 9,675 Posts.
    lightbulb Created with Sketch. 608
    go and read my other posts if you really want to know and discuss

    regardless of what price action is right now
    pre-Avalon drilling and after Pokali assay we should see another push down,
    maybe lower than recent low if the assay isn't good
    s/p was at below 7c few days ago, so if they don't want it to go too low then they will want the price to rise(this is what happened in last three days)
    now the s/p is at 8.9c, so depending on what the s/p will be at the time when the announcement is out
    we should see support at the recent low level
    and if it goes lower then around 5.4c (will have the same/highest EV pre-Avalon news)or 3.5c (matching the lowest EV)

    In stock market you never know how low or how high a stock can go down/up to,
    but you need to know when it's the good time to buy,
    also that I'm not saying it will hit any of these lower price level I mention about,
    these are what the market valued this stock in the past

    the only issue is that not many people understand this point
    because most of them bought at higher s/p (above 10c) or during the last rise (8-10c range?)
    they all want 100% or 200% or more gain asap,
    but that's not going to happen right now.
    think about what is the total SOI, it's 288.305m shares,
    at the recent high 16c it will have $46m M/C
    the rest I don't need to explain if you are in the stock market long enough should know


 
watchlist Created with Sketch. Add RCR (ASX) to my watchlist
(20min delay)
Last
11.5¢
Change
0.026(29.2%)
Mkt cap ! $33.15M
Open High Low Value Volume
9.0¢ 11.5¢ 8.7¢ $1.828M 18.34M

Buyers (Bids)

No. Vol. Price($)
6 305453 11.0¢
 

Sellers (Offers)

Price($) Vol. No.
11.5¢ 174512 3
View Market Depth
Last trade - 16.10pm 19/06/2024 (20 minute delay) ?
RCR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.