Another hour and a bit of trading today so things could change...But looks as if they won't...
Bearish Harami candle coinciding with a touch of the upper trendline of the downward channel is not good - and indicates more downward pressure on the share price into next week IMO....
Looks as if yesterday was just a bounce before continuing down...
PS... Look at the negatives....
1 Look at the distinct downward channel and notice how RXL is restricted to within its boundaries....
2 Bearish Harami candle
3 Still cannot punch above the 18EMA and has been under it since June.....
4 Very high chance of a CR soon and that would be at a discount on the VWAP over the last couple of weeks which looks to be around 0.225 - 0.23c so CR would be around 0.18c IMO
GL - Glad to see some miracle and be wrong but not looking great at the moment......
RXL to re rate this year. Target 75 cps, page-82
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Last
12.8¢ |
Change
-0.003(1.92%) |
Mkt cap ! $52.91M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 12.5¢ | $12.41K | 96.13K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 361265 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 151164 | 5 |
View Market Depth
| Last trade - 10.23am 25/06/2024 (20 minute delay) ? |
| RXL (ASX) Chart |