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RFX - Redflow Limited

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pixel said:
Still waiting for the breakout, but the odds are improving inspite of low volume.
Click to expand...
Today could be "it". The news last week suggest those technical hiccups have been overcome and installations have resumed. Supply orders for Microgrids on Pacific Islands are especially encouraging.



I'm accumulating with a stop level at 23c (on a Close Below basis)
 
after a long slide, the price seems to have stabilised. I bought last week on the strength of a Bullish MACD. Glad I did.
As an aside: Simon H. has started posting on HC. And we know how easily some punters "over there" can be swayed

 
A long line of 13c offers have just been taken out.
It appears we found a Higher Low.
I hold
 
I still hold.



2018 ought to be our year: Raff channel broken, MACD Bullish Divergence.
(fingers crossed )

 
So hard for Redflow being based in Australia, small market, no protection against Germany or USA.
If it is a goer I expect the company will be taken over by foreign interests. Cashflow negative so will be looking for cash again.
 
Happy New Year
looks like we're starting in the right direction - both price and volume in synch.

 
17c seems to shape up as resistance - at least temporarily.
I am taking part profit hereabouts.

 
Good trading Pix,

I liked the long set up but was very cautious of the old support line you drew so my thinking was the classic break out was poor R:R. goes onto the watchlist though to see if it builds a strong base to really have a go at turning around
 


I considered yesterday's candle, especially after the gap up, too enthusiastic; therefore, I held fire as well. Set a few low bids just below the gao and am happy that they're filled. Old resistance should now turn into holding support. If it does, I'll stay and accumulate; otherwise, I'll exit again.
 
That's a sharp run up in share price, i want Redflow to be successful and think they have the technology to be successful, its just that there seems to be broad reluctance from the media, suppliers, govt, business and the general solar public to embrace their products.
 
From an electricians perspective, Redflow has heaps more potential than lithium, in the home storage sense due to their ability to deep cycle.
From an investors perspective, they don't have Elon Musk and the S.A Government advertising for them. I think it is a much better product, but lithium is where the cut price cut throat action is happening, that is where Redflow has a problem.
Also most other major producers are committed to lithium, so Redbank has to find a backer with credibility, that is where it becomes difficult
Batteries aren't the answer, in the long term, so at the the moment major political and industrials are backing the mainstream "lithium".
I personally think it will fall on its ar$e, but hey at the moment, it's having its day in the sun.

Redflow needs to get on board with a remote town, say in central NSW or Queensland, that is looking to go off grid and prove their viability.
One of the major drawbacks with lithium is, you can't deep discharge them, or you wreck them.
That is where Redflow shine, from what I've read.
 
sptrawler said:
Batteries aren't the answer, in the long term,
Click to expand...
Not the whole answer but certainly a significant part of the answer ~ a panel or wind generator is useless as a 24/7 power source without a battery, its the storage that makes alternatives viable.

sptrawler said:
Redflow needs to get on board with a remote town, say in central NSW or Queensland, that is looking to go off grid and prove their viability.
Click to expand...

Agree - Norfolk Island would be perfect, lots of wind and solar, population 1500, thinking about it all those islands, King, Flinders, Lord Howe, Rotto, Straddie...
.
 
So_Cynical said:
Not the whole answer but certainly a significant part of the answer ~ a panel or wind generator is useless as a 24/7 power source without a battery, its the storage that makes alternatives viable.
.
Click to expand...

Absolutely, but a battery is still made from finite resources, and has a very limited lifespan.
Hey I'm not against batteries, I've got an electric bike, but they still are a stop gap until something long term comes along.
Batteries will be a big part of the renewable future, but in their present guise, they won't be the real solution.
 
According to today's announcement, the Thai factory is expected to produce consistently from June this year. That date will be the line in the sand for the market. Any spanner in the works, and the sp will dive. Otherwise, it should be a steady climb, especially if Marketing can find some willing clients. Lower production costs should also help.


I hold, waiting for a Higher High.
Break below current support would be a deal breaker.
 
IMO the other problem for Redflow, is corporate raiders, they have a good technology that someone else may like.
RFX is the sort of company, the Government should be giving a leg up to, to ensure the technology stays in Australian owned.
I don't hold RFX, but I'm watching.
 
sptrawler said:
the Government should be giving a leg up
Click to expand...
I agree wholeheartedly, but with our current Gov'mint, I doubt that will ever happen.
It won't buy votes in Queensland; it can't be used as a pretense "Look how we care about the Great Barrier Reef"; maybe an Indian Coal Miner buying it out would increase the chance.
 
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