I have been in this position with stocks a few times before as I expect most of you have also ... looking at the trend and thinking ... it always goes further (either way - up or down) than you expect. Always.
So I'm interested in whether Merchant are accumulating. (More interested in them than the T20.) Their last notice was 14/8 for their options based purchase on 12/8. Feels like the big seller is close to finished as I would have expected more of a drop today otherwise. But that's just a gut feel.
The slope of this last phase from 18/8 is very shallow, maybe we get a trough without news. That would be interesting. Depends largely on the US than RAC itself I expect.
RAC was genuinely oversold on the hourly chart at open today, and amid the carnage has been positively divergent today - quite amazing actually.
I'm adding every day around these levels and have way too much exposure but what the heck I've never seen such a stock ever before.
Actually I hope for news one day when @RaceOncology announces something a little significant and we jump just enough to leave all the parasites behind who are waiting for our demise! lol
RAC Price at posting:
77.0¢ Sentiment: Buy Disclosure: Held
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