Not positive news with 2.7c failing. Will be a few stop losses triggered if this can't very quickly get back above 2.7c.
IMO next support is low 2's. Maybe 2.1/2.2.
Weekly chart suggests there is more pain available.
Daily can't get anymore oversold if it tried.
There's a maybe chance of a previous trend bounce 2.5c-ish. I have a smallish buy in that cue and some decent ones in the low 2's. If low 2's was to eventuate I will be effectively buying back my original free-carried position from .4c (double down). Just for some understanding of the size of buys. Average with recent buy at 2.7/2.8c has dragged me to .6c.
REO has came off the boil across the board of late but at 2c 60-70% sell off is overdone IMO. Same way it was when it went from 1.4c to .4c. Dangerous to bottom fish stocks - i'm only game because i'm genuinely here for the 3year timeline to production.
SF2TH
IXR Charting & T/A, page-465
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Last
1.1¢ |
Change
-0.001(4.35%) |
Mkt cap ! $53.14M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $20.74K | 1.791M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1576027 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 5680207 | 16 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| IXR (ASX) Chart |