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
64.0¢ |
Change
-0.010(1.54%) |
Mkt cap ! $130.5M | |||
| Open | High | Low | Value | Volume |
| 64.0¢ | 65.5¢ | 64.0¢ | $13.75K | 21.45K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24674 | 63.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 65.0¢ | 12770 | 1 |
View Market Depth
| Last trade - 15.59pm 10/05/2024 (20 minute delay) ? |
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Last
64.0¢ |
Change
-0.010 ( 1.54 %) |
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| Open | High | Low | Volume | ||
| 64.0¢ | 64.0¢ | 64.0¢ | 10333 | ||
| Last updated 11.38am 10/05/2024 ? | |||||
| RCE (ASX) Chart |