RR1 7.69% 1.2¢ reach resources limited

Leaky ships tend to continue being sold and close on a low but...

  1. 6,398 Posts.
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    Leaky ships tend to continue being sold and close on a low but today RR1 bounced strongly off of 1.05c and did so quite quickly, closing strongly at 1.2c to finish on a bullish long-legged doji candle with volume and above the 50-day MA (yellow line).

    As a rule of thumb if it's above the 50MA it's bullish, below it's bearish...closing above after rejecting below is quite bullish.

    Still needs to confirm tomorrow and rest of the week but today will look like a bear trap come next week.

    https://hotcopper.com.au/data/attachments/5550/5550333-5ebb2d3f403a83f07da3679ea570df2e.jpg

 
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Last
1.2¢
Change
-0.001(7.69%)
Mkt cap ! $10.49M
Open High Low Value Volume
1.3¢ 1.3¢ 1.1¢ $61.31K 5.056M

Buyers (Bids)

No. Vol. Price($)
4 626441 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 1346700 2
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Last trade - 16.10pm 05/06/2024 (20 minute delay) ?
Last
1.2¢
  Change
-0.001 ( 7.69 %)
Open High Low Volume
1.2¢ 1.2¢ 1.1¢ 3895002
Last updated 15.45pm 05/06/2024 ?
RR1 (ASX) Chart
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