Hi all.
I first took a stake in RSG when it broke out of a long term sideways trend back in Feb-2016, so i've been following this company quite closely over this time. I've found as a stock it can have very big swings over a 3 to 6 month time frame. If you ride the swing the right way it can be quite good for the patient holders.
From a TA view, it also has significant support & resistance zones roughly every 15 cents (ie. i see $1.14, $1.30, $1.45 as significant areas currently). As RSG has been around for decades, its shareprice has tested a lot of support & resistance zones. Also, as others have pointed out, September has been one of the better trading months for RSG over the last decade (along with Jan-Feb), so lets see how this plays out this time.
RSG weekly candle chart below. As always DYODD.
RSG weekly chart
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 (20min delay)
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Last
63.0¢ |
Change
-0.015(2.33%) |
Mkt cap ! $1.341B | |||
| Open | High | Low | Value | Volume |
| 63.5¢ | 65.0¢ | 63.0¢ | $4.336M | 6.808M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13146 | 63.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 63.5¢ | 33332 | 5 |
View Market Depth
| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| RSG (ASX) Chart |