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
12.5¢ |
Change
0.010(8.70%) |
Mkt cap ! $52.35M |
Open | High | Low | Value | Volume |
12.0¢ | 13.0¢ | 12.0¢ | $112.9K | 903.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 469128 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 68389 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 469128 | 0.120 |
7 | 187299 | 0.115 |
7 | 263643 | 0.110 |
10 | 462556 | 0.105 |
5 | 370000 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 68389 | 3 |
0.135 | 362138 | 7 |
0.140 | 424097 | 10 |
0.145 | 360396 | 7 |
0.150 | 244411 | 5 |
Last trade - 13.47pm 11/10/2024 (20 minute delay) ? |
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RXL (ASX) Chart |