So let's not get too carried away, these are drops in bucket. We are in a current period where buyers for everythig have dried up if its not in the ASX300
Anyhow, its all very puzzling why RED should fall under the 15.5c mark.
I think of more effect on the technical fraternity is the regular selling down of a parcel below recent support e.g we saw this the other day when last sale for the day at 4.10pm went 0.5 cents below previous to 10.5c.
The effect of this is to widen the mathematical volatility particualrly for the ATR (average true range)...the wider the range the more chance you have of shaking the technical traders away from their shares.
RED Price at posting:
$1.15 Sentiment: Buy Disclosure: Held
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