To be very clear here, I am NOT predicting a bottom short term share price. I do not know when the green upward trajectory will begin but imo it will soon. Rox has several very high grade gold projects that you can read about on the company's website and it just needs one to turn the company around. The talk here about CXO style huge discounts to VWAP for a CR is not credible imo.
This chart of the Rox SP represents the cycle of retail sentiment towards Rox and most ASX exploration companies and the actual buy and sell zones. Of course, if you are very long term and committed for 5- 20 years as instos often are this cycle is irrelevant but for most of us retailers it's important imo.
Lessons in the chart imo that most of us learn the hard way or learn too late.
Sentiment chart
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.91M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.5¢ | $84.57K | 658.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1100484 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 786667 | 4 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| RXL (ASX) Chart |