Hi @Knight59,
I don't think RAP will retrace anytime soon. I reckon this run has a lot of wind left in it's sails because the positive sentiment around RAP grows by the day and the buying has been pretty consistent over the last few days with very little selling pressure.
From a TA perspective, CCI crossed the zero line when MACD crossed over the signal line a few days ago which is considered an early BUY signal especially after a ST downtrend has played out. Today, MACD crossed the zero line and CCI crossed +100 which IMO is a solid confirmation of an continued uptrend. RSI not showing overbought. I believe RAP will hit a new high by next week based current circumstances.
It's blue sky beyond that, so perhaps a small retrace and consolidation, but rest assured it will only be a precursor to the next leg up.
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