Last night REN backtested support and bounced straight off to reject selling pressure.
(Note -There is a secondary support within close proximity also)
RLT has just followed suit with a very quick backtest and bounce off its own support (this is a mid market post so still a bit of time for things to change)
That leaves two options.
We've either just witnessed the bottom and should see a full reversal from here.
Or if there is no news to come soon then we may see further sell pressure. This may result in a break in support or a new range to form between $2 - $2.30ish.
Interesting 24hrs ahead...
RLT CHART, page-52
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 (20min delay)
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Last
95.5¢ |
Change
0.005(0.53%) |
Mkt cap ! $28.96M | |||
| Open | High | Low | Value | Volume |
| 95.5¢ | 95.5¢ | 95.5¢ | $4.789K | 5.015K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1833 | 95.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.01 | 7362 | 1 |
View Market Depth
| Last trade - 15.31pm 16/05/2024 (20 minute delay) ? |
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Last
95.5¢ |
Change
0.005 ( 0.52 %) |
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| Open | High | Low | Volume | ||
| 95.5¢ | 95.5¢ | 95.5¢ | 1997 | ||
| Last updated 15.31pm 16/05/2024 ? | |||||
| RLT (ASX) Chart |