RCE reached the Measured Target of the Falling Wedge yesterday. I was watching the break-away gap from
the pattern and hesitated a little too long... and did not chase it. Well done to anyone who caught it.
I would expect some consolidation/retracement here, but you never know. On technicals alone, I personally would
be aggressively protecting some profit at this level, but giving it a small amount of room to continue if it wants to.
The Target of the wedge could be seen as the upper boundary of a slightly larger (but a bit ugly) Rectangle information.
If it retraces enough to give second touch more substance,
I will look at entering a breakout of that level if it completes.
GLTA
RCE Charts, page-931
Add RCE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
60.0¢ |
Change
0.020(3.45%) |
Mkt cap ! $122.3M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 60.0¢ | 57.5¢ | $23.23K | 39.79K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3011 | 58.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.0¢ | 2101 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
|
|||||
|
Last
58.5¢ |
Change
0.020 ( 0.86 %) |
||||
| Open | High | Low | Volume | ||
| 59.0¢ | 59.0¢ | 57.5¢ | 28189 | ||
| Last updated 14.20pm 24/05/2024 ? | |||||
| RCE (ASX) Chart |