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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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($) | Vol. | No. |
---|---|---|
8.9¢ | 124487 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 449408 | 0.087 |
10 | 1251399 | 0.086 |
10 | 712327 | 0.085 |
3 | 124000 | 0.084 |
2 | 90000 | 0.083 |
Price($) | Vol. | No. |
---|---|---|
0.090 | 250000 | 1 |
0.091 | 8167 | 1 |
0.092 | 100130 | 2 |
0.093 | 60000 | 1 |
0.095 | 30803 | 1 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
8.8¢ |
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Change
-0.001 ( 0.56 %) |
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Open | High | Low | Volume | ||
9.0¢ | 9.2¢ | 8.8¢ | 1471520 | ||
Last updated 15.59pm 14/06/2024 ? |
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RNU (ASX) Chart |