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.
How are charters feeling from this week's performance? Some big...
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Last
19.0¢ |
Change
-0.035(15.6%) |
Mkt cap ! $70.17M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.0¢ | $226.9K | 1.236M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 51803 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 309483 | 5 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
19.0¢ |
Change
-0.035 ( 13.6 %) |
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| Open | High | Low | Volume | ||
| 18.0¢ | 19.0¢ | 18.0¢ | 518673 | ||
| Last updated 15.33pm 26/04/2024 ? | |||||
| RXL (ASX) Chart |