RRL regis resources limited

2.23%

$4.39

Is there a reason why Regis is cheap?, page-32

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ineeedabigwin

59 Posts.

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24/03/21

11:45

Post #: 51999700
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Originally posted by slange: ↑

There certainly are reasons for this thing being cheap which is the gold suppression operation for one and the fraudster proxies who are short gold shares for two then you have management who continually "promote" how well the company is doing while cutting the dividend in half without any explanation whatsoever. Then there is the confusion around McPhillamys.
When the market doesn't have faith in the management then the share price suffers even without the external "interference."
This thing is now down around 30% from where I said it was "high risk" and has dipped below last March's spike low hitting a level not seen since late 2016.
In saying that daily stochs are elevated because of the bounce while the rsi remains weak and amazingly enough remains positively diverged.
The weekly technicals are where its at though as they remain in the dustbin and are massively oversold. Monthly stochs are into oversold territory and the rsi is close.
Resistance here is $2.98 with target at $2.83
So the bottom line here is that a longer term low appears to be on the horizon.

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so you think we heading to 2.83 and then bounce of that or we staying around there waiting for some news to clear some confusion around McPhilamys or until some other news?

RRL Price at posting: $2.99 Sentiment: None Disclosure: Held
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0 Great analysis

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(20min delay)
Last $4.39		Change -0.100(2.23%)		Mkt cap ! $3.316B

Open	High	Low	Value	Volume
$4.47	$4.53	$4.37	$16.81M	3.793M

Buyers (Bids)

No.	Vol.	Price($)
5	51252	$4.36

Sellers (Offers)

Price($)	Vol.	No.
$4.39	7201	1

View Market Depth

No.	Vol.	Price($)
2	4000	4.350
4	7325	4.300
1	1174	4.270
2	1435	4.250
1	2700	4.240

Price($)	Vol.	No.
4.420	5266	1
4.550	1000	1
4.570	222	1
4.580	6000	1
4.610	180	1

Last trade - 16.17pm 27/06/2025 (20 minute delay)

RRL (ASX) Chart

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