Not so sure on your analysis there. It's lost the 10 and 20 day moving averages after it reclaimed them on the 8th of March after the announcement and failed to maintain the momentum the very next day.
The volume has been drying up with no real consistent consolidation of the trading range. I think this will need to retract to the 0.065 / 0.06 level before a bounce from a TA perspective without some fundamentals change like an announcement shifting the momentum.
RFX Charts, page-10
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 (20min delay)
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Last
10.5¢ |
Change
-0.010(8.70%) |
Mkt cap ! $24.89M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 10.5¢ | $65.18K | 587.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 762522 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 261374 | 2 |
View Market Depth
| Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
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Last
11.0¢ |
Change
-0.010 ( 0.81 %) |
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| Open | High | Low | Volume | ||
| 11.0¢ | 11.3¢ | 11.0¢ | 86690 | ||
| Last updated 15.59pm 28/05/2024 ? | |||||
| RFX (ASX) Chart |