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Up or down at these prices in a dysfunctional share that lacks liquidity is neither here nor there. It is the medium term that matters.
CH " I believe we will close flat again today. " I believe that we will finish down. I stated this view yesterday: "Less than 8 million traded at close, so the perceived rise is overdone IMHO especially in light of the after hours trade 2,272,286 Sell* 4,590O posting a strong sell, because at this price it has to be. Just my view of course" Athena, please keep it on the topic of RRL, I will not be bullied.
There are so few trades here how anyone can talk about support and resistance levels on such and illiquid share is beyond me. Looking at the financials the debt is still a worry as is the direction of the cash flow. I was tempted a few months back to dip my toe in when the buy dropped to 0.17p, as it happened I decided to double down on PFC instead. For me this is a gamblers share, but with a spread of 33% then even a 22% rise in the SP means you can't get any return on these jumps.
CH "Buys going through at 0.2 (Full ASK) again now" Buys are going through at 0.1984 , which is not the full ask. ( I guess we are just now trying to forget the post about the "Resistance level of 0.224" , good idea )
MMs testing the strength of the support, now just 11% down according to HL and I believe we will close flat again today. Buys going through at 0.2 (Full ASK) again now
Well that support level didn't hold for very long. Down 22% today.
Athena, please stick to discussing Range. And not me. The "ha ha " was a reference to an utterly ludicrous misleading post. Have you no views on that instead of me.
Arrrgh CH! Kiss of death post lol Like Aggers saying someone is batting well at the cricket. Doh
CH "our Resistance level of 0.224 back in January has now become our support level." All buys and sells today have gone through under 0.224. Seriously what are you talking about ? ( In fact the bid has just dropped to .015 ha ha , talk about misleading other posters )
Interesting to see that our Resistance level of 0.224 back in January has now become our support level. Logically the next steps up from here are 0.25, 0.274 and 0.3 which I believe we will achieve around the next quarterly results.