morgans says:
Red 5 (RED) - Lifting our price target.
In our last update on June 7, 2019 we discussed the bullish implications based on the breakout above resistance of $0.14 and opened a tactical buy on the stock at $0.15. A strong and consistent rally has unfolded over the past two months and our initial upside price target of $0.18 has now been greatly exceeded. Wednesday’s price action posted a 6-year high of $0.33 pushing the weekly and daily RSI readings into overbought territory. This suggests that a pull back to unwind the overbought momentum conditions is likely in the short term. Over the long term, we don’t see a reversal of the primary up trend and we lift our price target to $0.36.
RED Chart, page-59
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Last
34.5¢ |
Change
0.025(7.81%) |
Mkt cap ! $2.346B | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 35.0¢ | 32.5¢ | $12.41M | 36.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 321969 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 272620 | 5 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| VAU (ASX) Chart |