Welcome @NZ Trader... It's hard to be happy with a falling SP if you are already all in. However, I'm looking forward to the $26 party when RCE is involved in the $USD50b antibiotics market and the $46 party when they crack antivirals.
The market depth continues to be astonishing. Overall the ask volume outnumbers the bid volume but within the 10c range, bid volume outnumbers ask volume 3:1 or 275k on the 65c to 85c range. It has been like this for weeks. I interpret this as "plenty want in at a cheaper price".
Has anyone thought to conditional trade the announcement using a supported buy/sell? i.e. If the SP rises more than 20%, buy 1m shares at market. Or if the price falls more than 20%, sell everything! Manipulation would be a major risk to this strategy. I've seen good news sold hard before only to run higher. What I am trying to say is what is the best strategy in a falling sp with potential good news afoot if you cant be at your trading terminal the minute it is released.
Welcome @NZ Trader... It's hard to be happy with a falling SP if...
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Last
57.0¢ |
Change
-0.010(1.72%) |
Mkt cap ! $116.2M | |||
| Open | High | Low | Value | Volume |
| 58.0¢ | 59.5¢ | 57.0¢ | $7.252K | 12.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34780 | 57.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.5¢ | 60000 | 1 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
58.5¢ |
Change
-0.010 ( 0.85 %) |
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| Open | High | Low | Volume | ||
| 57.0¢ | 58.5¢ | 57.0¢ | 4583 | ||
| Last updated 15.27pm 29/05/2024 ? | |||||
| RCE (ASX) Chart |