From a technical perspective, I don't disagree with this at all (although I would like to see a bit more ranging around the 27-28 cent level before the next leg up).
The greater problem with analysing GRR's price movements is that there is at least one event which could trump any technical analysis - an announcement of a JV/way forward on Southdown. While this is true to at least some extent with all listed companies, in the case of GRR it is a "known unknown" rather than an "unknown unknown". For my part, I would expect the announcement of a favourable announcement on Southdown to cause a large gap up from present levels.
I guess what I am inelegantly trying to say is that for this company I place greater reliance on (i) fundamentals and (ii) patience that I do on (iii) technical analysis.
Happy to hear views from people who are better at TA than me.
- Forums
- ASX - By Stock
- GRR
- nice consolidation
nice consolidation , page-2
-
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GRR (ASX) to my watchlist
(20min delay)
|
|||||
Last
25.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $286.4M |
Open | High | Low | Value | Volume |
25.0¢ | 25.0¢ | 24.3¢ | $392.0K | 1.596M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
39 | 322668 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.0¢ | 215378 | 26 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
38 | 314204 | 0.245 |
29 | 445092 | 0.240 |
16 | 376344 | 0.235 |
19 | 300485 | 0.230 |
9 | 200983 | 0.225 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 228718 | 31 |
0.255 | 314462 | 16 |
0.260 | 160537 | 9 |
0.265 | 129706 | 7 |
0.270 | 164537 | 4 |
Last trade - 14.37pm 09/09/2024 (20 minute delay) ? |
Featured News
GRR (ASX) Chart |