Silver up $6 since September and RDM earlier this week tested its 2yr lows. Nothing bullish about the chart so far with one exception. This week's candle closed above the 20 week (100 day) MA which RDM has not been able to do so since falling below it in early March 2022. RDM trading in a channel between 7c and 9c. This week's move has been on low volume.
RDM needs to break above 9.5c, otherwise risks trading back towards the lows. Once RDM hit 8.9c today, sellers entered the market and buyers dropped down to 7.8c. 290K shares traded today worth ($25K) would indicate that there was some interest in RDM.
Heading up?, page-5
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 (20min delay)
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Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $37.45M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 12.5¢ | $6.844K | 54.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 40360 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 49612 | 2 |
View Market Depth
| Last trade - 15.48pm 26/08/2024 (20 minute delay) ? |
| RDM (ASX) Chart |