Any trade you enter, whether your initial thought was a short or long term timeframe, its frustrating at the least to see it head in the wrong direction. The realistic options are to either cut your losses & move on or risk it & wait it out. If you don't sell quickly, then a paper loss may well in time turn into either a considerably larger loss, or with some luck, into the profit you intended when you initially entered the trade.
Not unlike their first grey hair / no-one likes to see a trade go the other way. Similarly, a chartist sees a gap on a chart as a conundrum too. Many chartists will not consider enter/add until that gap is filled. RNU has a gap on the chart at 0.115 which very nearly, but not quite, got filled today.
IMO there has been almost an urgency & a concerted effort to get that gap filled the last week or so by the ongoing large daily dumps & minimal large buying to counter. The drop in SP puts us nearly back to where we were 2 months ago prior to the 50% gain that followed in 4 trading sessions.
Anyways, just a ramblers (& gamblers) thoughts that once that gap gets filled, there might be room for a bit more positivity round here. Remember there's still an abundance of that grey stuff in the ground that most everyone in their medium & long term future will need. Surely it will turn at some point. Will the gap fill be that pivot point? Only time will tell. Best of luck all.
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Last
8.6¢ |
Change
-0.003(3.37%) |
Mkt cap ! $218.5M |
Open | High | Low | Value | Volume |
8.7¢ | 8.9¢ | 8.6¢ | $100.8K | 1.155M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 597037 | 8.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.7¢ | 102535 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 617455 | 0.086 |
29 | 1098586 | 0.085 |
5 | 574500 | 0.084 |
8 | 357000 | 0.083 |
6 | 414941 | 0.082 |
Price($) | Vol. | No. |
---|---|---|
0.087 | 102535 | 2 |
0.088 | 35374 | 4 |
0.089 | 409935 | 7 |
0.090 | 300958 | 5 |
0.091 | 88000 | 1 |
Last trade - 12.50pm 25/07/2024 (20 minute delay) ? |
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RNU (ASX) Chart |