Well been an interesting couple weeks since I last posted one (okay just this week, last one was a snore). When it came back and test 1.5c but bounced quickly to 1.7c with volume to support, that was a great sign on Monday (and I was quietly very happy to see it happen), and today has only served to improve the outlook on the chart.
With Monday came the higher low, now what we want is a higher high, which requires breaking the point of resistance I keep talking about 2c/2.1c. From there next target to break would be 2.5c. Today was a sign on how quickly things can move when the conditions are right, with the constant supply gone and newsflow expected any day. The chart sure looks a lot healthier than it did a month ago.
Today's and Mondays volume were above average, but nothing to write home about. Did see some good support for the move, but there was something of a cap chucked on 2.1c that did kill momentum.
Interesting times.
RDN Charts, page-44
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RDN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.4¢ |
Change
0.002(9.09%) |
Mkt cap ! $65.25M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.4¢ | 2.3¢ | $161.8K | 6.915M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 119448 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 2379408 | 8 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| RDN (ASX) Chart |