RIL 0.00% 0.5¢ redivium limited

HNR Chart, page-155

  1. 20 Posts.
    Charting/technicals noob here - can anyone shed light on the steady decline in SP we're currently seeing and what's actually causing it on the back of zero news. Lots of chat about traders manipulating prices down - not really clear on the mechanics of this or what it actually means in the short-medium term.

    To be clear, I firmly believe in HNR management and direction and intend to hold LT until such time genuine news convinces me otherwise. I do however (like many others I suspect) find this slow bleed to be particularly unenjoyable viewing and am wondering at what SP we level out?

    Is the current trend expected to continue until the feedstock news hits? Obviously no one knows for sure but interested to hear opinions of those with a better idea than myself.
 
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