RCE recce pharmaceuticals ltd

3.33%

31.0¢

I saw there were a few trades today that dropped sp by a pip or...

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andrewk65

5,482 Posts.

705

26/08/20

19:11

Post #: 46844003
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Originally posted by Bpharma: ↑

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 !

Expand

I saw there were a few trades today that dropped sp by a pip or so in some cases for only 1 share or few shares. Level playing field lol. I guess that means pros are at work, hopefully accumulating but we will only know in a few months I guess. Trying to draw their own chart at the moment it seems.

RCE Price at posting: $1.29 Sentiment: Buy Disclosure: Held
4 Upvote

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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

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)

RCE (ASX) Chart

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I saw there were a few trades today that dropped sp by a pip or...

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