One thing is for sure, it has never been this 'oversold' ever on a daily chart.
On a weekly chart, it was oversold more than this back in September 2023.
My money is on around 6.6 as the next line of support. Sentiment in EV materials is shocking at the moment, driven by China. It will most certainly be interesting to see how this progresses in 2024 - as the world continues to ramp up production and sales in the EV space. I think watching the likes of PLS, SYA, LTR will give us a good indication of how RNU will perform.
Watching quarterly reports of producing mines in this sector in the coming week or so will also be important to keep an eye on.
RNU chart, page-4019
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Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $254.1M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $204.2K | 2.013M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 70 | 3497601 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 720553 | 14 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
10.0¢ |
Change
0.000 ( 0.10 %) |
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| Open | High | Low | Volume | ||
| 10.3¢ | 10.3¢ | 10.0¢ | 661481 | ||
| Last updated 15.56pm 07/06/2024 ? | |||||
| RNU (ASX) Chart |