It is by definition primed, hense the tight spread. Pressure has built and awaiting a catalyst.
This would be clear to see on a chart.
As the squeeze occurs volumes reduced cause weak hands,profit takers, muppets and others have bailed.
RXL chart, page-2597
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Last
17.0¢ |
Change
0.010(6.25%) |
Mkt cap ! $69.80M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 17.0¢ | 16.0¢ | $58.09K | 356.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 114697 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 173944 | 4 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| RXL (ASX) Chart |