The charts indicate downwards momentum right now? No worries here - I didn't invest because I expected an upwards breakout immediately. Personally, I invested because of the position I strongly suspected the company to be in 12+ months.
Where there has been no change in fundamentals (actually since we were last at $3 we've had a 2nd independent paper, Prof Chen, Dr Fuller, oversubscribed CR, Prof Kelso, Israel Trial initiated and 1st patient dosed - fundamentals are substantially stronger) there should be no concern given to drops in the SP - especially when we have multiple indicators of legacy sellers and bot activity.
RAC has been a fantastic opportunity for me to recognize (and suppress) my own emotional decision making. LT holders feeling anxious over a SP retrace with the above additions to fundamentals is not rational.
This is a TA thread not an echo chamber, let the traders use it for TA and make whatever calls they genuinely see.
RAC - Charts & Price Action, page-7488
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Last
$1.59 |
Change
0.010(0.63%) |
Mkt cap ! $270.9M | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.60 | $1.56 | $168.3K | 106.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 51 | $1.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| RAC (ASX) Chart |