RCE recce pharmaceuticals ltd

ok lets think about this as you correctly drew on the chart...

  1. 4,135 Posts.
    lightbulb Created with Sketch. 497
    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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(20min delay)
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
Last trade - 16.10pm 27/06/2025 (20 minute delay) ?
RCE (ASX) Chart
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