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If your theory is correct then the daily chart on the 6th if Dec...

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TongTong

233 Posts.

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13/12/23

06:20

Post #: 71415822
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Originally posted by justbyanose: ↑

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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If your theory is correct then the daily chart on the 6th if Dec 2022 needs filling at $0.315

RNU Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.8¢		Change 0.000(0.00%)		Mkt cap ! $198.2M

Open	High	Low	Value	Volume
7.8¢	7.9¢	7.7¢	$230.9K	2.957M

Buyers (Bids)

No.	Vol.	Price($)
7	599832	7.8¢

Sellers (Offers)

Price($)	Vol.	No.
7.9¢	24293	1

View Market Depth

No.	Vol.	Price($)
7	599832	0.078
24	1226607	0.077
13	633860	0.076
16	543805	0.075
8	690500	0.074

Price($)	Vol.	No.
0.079	24293	1
0.080	405395	5
0.081	103797	1
0.082	138004	2
0.083	368000	4

Last trade - 16.10pm 04/10/2024 (20 minute delay)

RNU (ASX) Chart

If your theory is correct then the daily chart on the 6th if Dec...

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