You are 100% correct I really don't know why I even let it get to me as I'm not really that kind of person generally.
And I know we need all sorts for a market to work but it kills me when I see good hard working mum and dads that DO get sucked in.
I'm not saying TA doesn't work it does if you have a sheep cult that follows.
BUT With RAC it is a tightly held stock with very low shares on issue and can easily be manipulated either way with a small amount of shares so TA does not work with a stock like RAC.
You have more chance of getting it right by looking at BUY /SELL orders
I seen earlier on it will retrace and it did and now looks like on the way up again I guess we will have to see how the bots want to close the day.
I won't respond anymore to the TA I have said my bit loud and clear.
You are 100% correct I really don't know why I even let it get...
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Last
$1.57 |
Change
-0.080(4.85%) |
Mkt cap ! $259.5M | |||
| Open | High | Low | Value | Volume |
| $1.71 | $1.71 | $1.54 | $265.0K | 165.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3561 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.57 | 498 | 1 |
View Market Depth
| Last trade - 14.12pm 15/05/2024 (20 minute delay) ? |
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Last
$1.57 |
Change
-0.080 ( 6.97 %) |
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| Open | High | Low | Volume | ||
| $1.62 | $1.65 | $1.54 | 28565 | ||
| Last updated 14.28pm 15/05/2024 ? | |||||
| RAC (ASX) Chart |