After the rejection of that LTF untested level in the quoted message (edit: HC didn't quote my last post grr), it pushed higher than I anticipated which was a good sign, as it had to reach further to find more resistance. It didn't finish with a pretty candle last week but it showed buying pressure, and we still got nice momentum with today's announcement. The Monthly is currently looking pretty strong.
The obvious question in the meantime is will sellers push back again, and will we see if there's any retests of the last break? We already tapped the back side 2h level at $3.52 on a partial gap fill today. Was it enough? A full gap fill would be the 2h/4h front side at $3.43.
The last level above I'm looking at is $3.98 (and $4.04 on the Monthly if I'm being picky), but as I said before, ideally with continuing momentum it's not an issue.
4h chart
Trying to remain objective chart-wise with potential scenarios, but it's hard not to be a bit excited. Quiet optimism turned to a uncomfortably loud rumble. Soon I may be the Vince McMahon meme.
RAC - Charts & Price Action, page-9570
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Last
$1.94 |
Change
0.055(2.92%) |
Mkt cap ! $330.4M | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.96 | $1.85 | $333.0K | 174.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3105 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.95 | 7574 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |