RPM 0.00% 7.0¢ rpm automotive group limited

looks like, page-12

  1. 2,541 Posts.
    Yes, sorry I didn't respond to your post earlier. As you can see, once the sellers managed to get a close below 27c, they have been able to get quite a tumble on low volume, allowing them to accumulate more at much lower prices, they will probably set buys at 23-23.5c or maybe even let it drift to 19.5c where they can renew their position at a tidy profit. Obviously the high volume last thursday was a larger position holder letting go of his stake mid pennant, probably with a view to picking it back up at lower levels. Having said that, his/her stake was not all that big so the bigger volume driver from 7-17 April still looks to be in the building, and this will put longer term upward pressure on the price. The key to the timeframe on further rises lies with the volume traded on these pullbacks. As the stock becomes more established, larger parcels will fall into the hands of fewer holders, putting upwards pressure on the price, even on light volume. So we are looking for higher volume at the end of pullbacks (just before price rises) to indicate that the rises are sustainable.
 
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Last
7.0¢
Change
0.000(0.00%)
Mkt cap ! $17.66M
Open High Low Value Volume
7.0¢ 7.0¢ 7.0¢ $1.514K 21.62K

Buyers (Bids)

No. Vol. Price($)
3 267905 7.0¢
 

Sellers (Offers)

Price($) Vol. No.
7.1¢ 84000 1
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Last trade - 15.01pm 07/08/2024 (20 minute delay) ?
RPM (ASX) Chart
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