Eshmun, if you look at the (daily) OBV chart for the last 6 months you'll see that most of the change in OBV occurred in two steps. On 18 December there was the massive block trade by the GDX buying ~30 million shares. On 10-15 March there was the selling of Newmont's 100 Million shares into the market just at the same time the GDXJ/GDX rebalance was causing shorting of the gold stocks (check NST and EVN over same period).
I don't think you can draw any major conclusions using OBV. NCM might be a good buy but its peer group is more on the international side.
I'm neutral on RRL at these prices and sold 3/4 of what I'd held from $1.20. I don't think there is any major downside pressure likely while gold holds above US$1200. Even with the Australian dollar rising the share price has been pretty resilient. The Newmont stake might take a couple of months to be absorbed into the market still.
- Forums
- ASX - By Stock
- Like A Rock Again
Eshmun, if you look at the (daily) OBV chart for the last 6...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RRL (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.56 |
Change
-0.030(1.16%) |
Mkt cap ! $1.473B |
Open | High | Low | Value | Volume |
$2.60 | $2.60 | $2.54 | $4.403M | 1.716M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 94933 | $2.56 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.57 | 35564 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 13580 | 5.400 |
6 | 81080 | 5.390 |
10 | 155033 | 5.380 |
10 | 111218 | 5.370 |
2 | 19337 | 5.360 |
Price($) | Vol. | No. |
---|---|---|
5.410 | 33582 | 4 |
5.420 | 206580 | 18 |
5.430 | 104617 | 15 |
5.440 | 34745 | 6 |
5.450 | 31559 | 6 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
RRL (ASX) Chart |