RNU 1.12% 8.8¢ renascor resources limited

RNU chart, page-3095

  1. 4,972 Posts.
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    In my earlier postings, I discussed the proposition of a bear trap in a Weinstein Stage 1 accumulation period. This is a common tactic here. Five days ago I was thinking price was unlikely to hit 23 cents but thought it would be a good idea to park there in case of a bear trap.

    This is what I said, and its based on probability at the time, not certainty.

    "At this point in time, in Stage 1 it is unlikely 23 cents will be hit as it lies well below the Golden Zone, but you could park there if things go your way for value with a bear trap. The bear trap will resolve itself as noise when the stock has substance like RNU. So its not worth sweating over, if you recognise it or a fakeout. Further parking points could be at 22 or 21 cents which are unlikely to be hit even with a spook. Look at market depth and you will see where the market is bunching for those playing a different game with spare cash."
 
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(20min delay)
Last
8.8¢
Change
-0.001(1.12%)
Mkt cap ! $223.6M
Open High Low Value Volume
9.0¢ 9.2¢ 8.8¢ $305.3K 3.405M

Buyers (Bids)

No. Vol. Price($)
8 671362 8.7¢
 

Sellers (Offers)

Price($) Vol. No.
8.9¢ 124487 1
View Market Depth
Last trade - 16.10pm 14/06/2024 (20 minute delay) ?
Last
8.8¢
  Change
-0.001 ( 0.56 %)
Open High Low Volume
9.0¢ 9.2¢ 8.8¢ 1471520
Last updated 15.59pm 14/06/2024 ?
RNU (ASX) Chart
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