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
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Last
55.0¢ |
Change
0.015(2.80%) |
Mkt cap ! $127.5M | |||
| Open | High | Low | Value | Volume |
| 53.5¢ | 55.5¢ | 52.5¢ | $196.6K | 361.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8891 | 55.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.5¢ | 5368 | 1 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| RCE (ASX) Chart |