Any possible retrace does not concern me and expectations to above 40c this month remain unchanged.
we have not had an outbreak like last 2 weeks for 2 years thanks to sentiment change, amazing job did. You think they are from US or EU, I guess it’s Chinese buyer as the way they mop down walls and rhythm to mange SP is similar to a Chinese fund manger I know with huge funds. Pure speculation here DYOR.
People now expect many good Ann to come instead of anxious for delay or bad news. This serves the momentum to quickly rerate from 0.2 to mid 30’s. However it also took away too much energy without enough change hand in congestion area tradies has held their transactions until SP movement cools done. For those who sold mid to high 30’s will likely to buy back sub 30c, plus others like me always top up at a low price, once they join back in the game retrace will then finish no matter gap is closed or not which often happen to a stock with great outlook.
Still you never know what size update we can get this and next week. The retrace may finish @31-32 cents, or 28-29 cents, which is half of the rise from 0.195 to 0.375. One thing you don’t want to miss is the next decent run. As I said it will be different from anything in the last few years, I am expecting a long and steady run above all time high, from the accumulation of 3 years crouching at basement price.
All IMO
- Forums
- ASX - By Stock
- RAP
- rap chart
rap chart, page-1613
Currently unlisted. Proposed listing date: 4 SEPTEMBER 2024 #
Featured News
Add RAP (ASX) to my watchlist
Currently unlisted public company.
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