RC1 Technical Analysis Discussion

Good morning all (Valentine's Day today) and all I can say is Love Is In The STOCK MARKET <3 GLTAH'z

P.S Sorry if my posts are long, or detailed. The devil is in the detail they say!
P.S I am bullish despite it acts like it has 1B shares on issue (it doesn't and a decent chunk escrowed) LOL
Target Prices: 1.8c or so short/medium term

Not calling any bottoms or certainty BUT market depth here along with charts is trying to tell us something (see below image)

Chi X hidden orders stacking at 1.1c for 1M units. Normal ASX shows 2.6M shares wanted at 1.1c now. Smells like a counter trend bounce does it not? We have now 3.7M Buyer Demand at 1.1c I SEE YOU! I humbly await reversal confirmations starting to look more statistically probable!






RC1 Discussion:
First brought to my attention in late November 2022 over at the Daytrading thread by @sharebroker1. Some signs were there that the stock was actually needing to cool down and settle before running. So, did I buy? Ofcourse not! waited to see how predictable the personality of Red Castle was!



Early December 2022 (after watching the share price almost 2 weeks) I shared a target price of 1.8c although the timing of the call was quite off actually. Reasons being, stock had technically held the lowest of the lows, market cap got rather cheap from my perspective in relation to the current cash on hand situation. Also taking a look at the Top 20 Holders with where the chart was, I saw signs of insiders adding to their holdings. By this stage I took a starter at 1.2c I believe (not the 1.6c+ mentioned by the Trader threads

Still in Early December 2022 we got the news I suspected a week+ in advance! Insiders add to their position (on market purchases) with their average costs of 0.01402 meaning I got in a little cheaper than they did on this day, I further dug into the technicals outlined below.

This is where things get interesting: https://hotcopper.com.au/threads/ann-becoming-a-substantial-holder.7132618/page-3?post_id=65340294
outlined below I generally mentioned if we would see more Insider Director Interests coming out whilst also talking about following people in the know/the larger participants.

Below was the updated Daily Chart posted 16th December 2022! Thoughts attached, highlighting trend, pattern and future price predictions/guestimates.

"Shall we see another RC1 update regarding Directors purchasing more shares on market? Yes, the share price is in an overall downtrend from it's 52wk highs, however I believe holders will still be happy to hold so long as we don't see any news about LITHIUM, because that's dead right now Let's bring on the GOLD News! Follow the monies I say "

AND LASTLY I posted on 8th February, 2023! Attached is the latest Chart Update