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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 (20min delay)
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Last
16.8¢ |
Change
-0.003(1.47%) |
Mkt cap ! $61.86M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 16.8¢ | $101.9K | 600.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 587976 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 48914 | 3 |
View Market Depth
| Last trade - 15.17pm 27/05/2024 (20 minute delay) ? |
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Last
17.0¢ |
Change
-0.003 ( 3.03 %) |
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| Open | High | Low | Volume | ||
| 17.0¢ | 17.0¢ | 16.5¢ | 404464 | ||
| Last updated 15.17pm 27/05/2024 ? | |||||
| RXL (ASX) Chart |