This may interest some - copied from IXR thread by greenhart:4. Decline or Run-down Phase
(Image Credits: Investopedia)
This is the last stage of the stock market cycle and is not a favorable time for most investors. Those traders who bought stocks during the distribution phase hastily try to sell as they are underwater on their positions. However, there are few buyers to meet the sale of shares. This lack of demand drives down the prices of stocks. If there are higher lows in the market for a long period of time, it signifies that the market is headed towards the accumulation stage.
How to trade:
During this phase prices of stocks fall lower than expected so ‘don’t try to catch the falling knife’. A bear marker provides a good opportunity for long trades if the right strategies are used. It is important not to panic and sell during this period because these phases don’t last forever.
Perhaps this is a reflection of where RAS is at?
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This may interest some - copied from IXR thread by...
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Last
1.5¢ |
Change
-0.001(6.25%) |
Mkt cap ! $2.138M |
Open | High | Low | Value | Volume |
1.5¢ | 1.6¢ | 1.5¢ | $10.18K | 674.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 250000 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 556656 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 250000 | 0.014 |
5 | 547774 | 0.013 |
3 | 582917 | 0.012 |
1 | 90000 | 0.011 |
1 | 100000 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 556656 | 2 |
0.025 | 227780 | 2 |
0.040 | 5578 | 1 |
0.051 | 193000 | 2 |
0.055 | 100000 | 1 |
Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
RAS (ASX) Chart |