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
Featured News
Add GRR (ASX) to my watchlist
(20min delay)
|
|||||
Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $266.1M |
Open | High | Low | Value | Volume |
23.5¢ | 23.8¢ | 23.0¢ | $388.3K | 1.673M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 650756 | 23.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.5¢ | 105687 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 646409 | 0.230 |
20 | 1220873 | 0.225 |
22 | 1323731 | 0.220 |
12 | 653713 | 0.215 |
11 | 129991 | 0.210 |
Price($) | Vol. | No. |
---|---|---|
0.235 | 105687 | 4 |
0.240 | 118544 | 3 |
0.245 | 106782 | 4 |
0.250 | 162572 | 4 |
0.255 | 280088 | 7 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
Featured News
GRR (ASX) Chart |
The Watchlist
BTH
BIGTINCAN HOLDINGS LIMITED
David Keane, Co-Founder & CEO
David Keane
Co-Founder & CEO
Previous Video
Next Video
SPONSORED BY The Market Online