ok lets think about this
as you correctly drew on the chart there seemed to be a classic pennant flag formation now squeezed right into the pin point corner
up or breakdown from there ? Pick the 50/50 BIG signal
well as the share price oscillated between the top say $1,40
and the bottom say $1.30
the opportunity for a major trader to shift the price and affect thinking ( pschycology) became acute
soo as the last few trading days volumes were very low in relative terms as we await new news, and the price was closer to $1.30 than $1.40, the stage was set for a play
much more price leverage can be generated on feR of loss and lock in profits on a time frame getting tired of rallying on no new news
it didnt take a lot of sell volume to commence the momentum nor a lot to reinforce it
sure investors like me saw a price under $1.30 and said ill have some of that !
but the desire to force a close under 1.29-1.30 was emphatic and despite me offering to buy 20,000 shares between 1.29 and 1.33 the over offer in the after market wasnt going to let that happen
they didnt want to seek value and sell volume at $1.33 they just wanted it to close at 1.28ish
so despite being quite prepared to pay $1.33 i just inherited 30,000 shares more at 1.285 - $1.295 average Late in the day
thanks whoever
this trader will look to attack tomorrow to try and reinforce the downside momentum hoping to gather in followers to help
hope my little wallet can frustrate that! I know any positive news at these prices will serve to blow that game strategy away !
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RCE
recce pharmaceuticals ltd
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3.33%
!
31.0¢

ok lets think about this as you correctly drew on the chart...
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Last
31.0¢ |
Change
0.010(3.33%) |
Mkt cap ! $89.39M |
Open | High | Low | Value | Volume |
31.0¢ | 32.0¢ | 30.0¢ | $25.76K | 82.29K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 13550 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.0¢ | 18938 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 13550 | 0.300 |
2 | 34803 | 0.295 |
2 | 50000 | 0.290 |
4 | 131061 | 0.285 |
10 | 251389 | 0.280 |
Price($) | Vol. | No. |
---|---|---|
0.310 | 18938 | 1 |
0.320 | 5000 | 1 |
0.325 | 12600 | 1 |
0.330 | 114230 | 1 |
0.350 | 51319 | 4 |
Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
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RCE (ASX) Chart |
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PAR
PARADIGM BIOPHARMACEUTICALS LIMITED..
Paul Rennie, MD & Founder
Paul Rennie
MD & Founder
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