SP now above the MA50 with strong demand yesterday 2nd Dec {all the short sellers and stop losses gone on Wednesday?} and should keep rising above this for a while, even with a few profit takers. With good news of production coming soon, and possibly gold price going $1800 + because of market recession fear, this should put RED between 28-31cents { hopefully more, lol } by end of December early January.
This is my opinion only and I am no expert. This is what I see in the charts and read in the Ann's DYOR
SP now above the MA50 with strong demand yesterday 2nd Dec {all...
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Last
35.5¢ |
Change
0.005(1.43%) |
Mkt cap ! $2.414B | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 36.5¢ | 35.0¢ | $6.653M | 18.66M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 1217364 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 502418 | 6 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| RED (ASX) Chart |