The divergence of SLR and RED might suggest the big boys of SLR will say NO to the merger: it will be a joke when price of SLR is 5+ times of RED.
A possible dominant trend of five-waves since July 2015 showing the wave 5 will be quite strong when:
- Wave 1 and 3 are normal motive waves, thus wave 5 almost must be extended (much longer and higher than the formers)
- The ending diagonal C leg of the Correction wave 4 ($2.25 - $0.8)
- The leading diagonal of some kind of wave 1 ($0.8 - $1.22)
- Sharper rise of wave 3 since $0.97
- How if 2008-2015 is just the WAVE I of a super cycle, then SLR is in the WAVE III?
When the shares are highly concentrated in the hands of those top x holders, I don't believe they would be happy to surrender the shares accumulated in decades to mercies of RED? I have my conclusion and will not track the favor or not of the merger any longer.
Cheers.
The divergence of SLR and RED might suggest the big boys of SLR...
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Last
$1.47 |
Change
0.020(1.38%) |
Mkt cap ! $1.374B | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.48 | $1.45 | $2.104M | 1.437M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 38971 | $1.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 128259 | 28 |
View Market Depth
| Last trade - 13.14pm 04/06/2024 (20 minute delay) ? |
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Last
$1.46 |
Change
0.020 ( 1.61 %) |
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| Open | High | Low | Volume | ||
| $1.46 | $1.48 | $1.45 | 6111214 | ||
| Last updated 13.34pm 04/06/2024 ? | |||||
| SLR (ASX) Chart |