How are charters feeling from this week's performance? Some big suppression going on by that couple of people when I'm watching the market day to day.
On a side note, I'm seeing more and more occurrences of gold explorers having their prices suppressed hard on big news days, held down for a long while to accumulate, and then allowed to just bolt off out of the blue with no news afterwards.
A couple of examples I've seen so far:
BGL: Big news on 10th June. Prices went up halfway, but suppressed for 10 days until 20th June before bolting off.
DEG: Major news on 9th June. Prices also went up halfway, but suppressed from there for 10 days until 19th June then ran off like a frightened horse.
We'll know in a while if RXL has been suppressed as well (I've suspect there have been about 3 suppression cycles since mid June, we're in the longest suppression cycle of the three now). So I think there's two opportunities for strong price growth at RXL in the next week(s): Being free from price suppression after their accumulation is complete, and news of deeper drills and their gold intercepts.
We just need to be patient enough.
RXL chart, page-1357
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $60.94M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.0¢ | 16.5¢ | $47.38K | 282.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 458910 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 162300 | 2 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
16.8¢ |
Change
0.000 ( 1.52 %) |
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| Open | High | Low | Volume | ||
| 16.8¢ | 17.0¢ | 16.5¢ | 209219 | ||
| Last updated 12.59pm 07/05/2024 ? | |||||
| RXL (ASX) Chart |