RAC - Charts & Price Action, page-2771

Super interested to watch this one from a TA point of view and the psychology of trading and investing at work. As mentioned, my read is that it has come from 4c to $2.29 in around 18 months - a phenomenal run. From a TA point of view, I'm not buying here. Everything about the chart says it needs a breather and a 50% retrace would have it back at $1.17, but not completely out of the question that it could get below a dollar. I get why Long Term investors or the overly emotional hate seeing that happen and despise the TA analysis that suggests such things, but charts are useful in tempering dangerous emotions like the fear of missing out when making entry point decisions. I am interested in RAC, but not emotionally attached, so I will watch this one play out and if/when it gets down to what I would consider good buying value, I might jump in.