Well two major RNS this morning from ASX, The departure of David Chen as CEO, due to other business interests (he is staying on as a Non-exec though, to be replaced by the former CEO Yan Liu and a trading halt until Friday pending an announcement, could be a merger or acquisition on the cards possibly?
Inclined to disagree Celtic. Look at all the previous trades prior to that one. I doubt someone would have been able to buy at 0.48 when the price to buy most of the day had been much higher for much less.
TBH though 1 trade barely matters in the scheme of things. Need increased volume and movement and not to waste time with one trade. I could sell my holding for around £10k, would everyone be getting their knickers in a twist over that... i would hope not as I am not a big player...
British Bulls- Signal Update Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 18/05/2016, 2 days ago, when the stock price was 0.5005. Since then RRL.L has risen by +7.89%.Market Outlook The bulls are in full control. The negative sentiment that led to the last bearish pattern has evaporated. Besides, the signal is suggesting to STAY LONG. It is best to follow the signal and continue to hold this security.
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