The tide has turned.
RAC sp returned greater than 5% in 2 of the past three days on strong volume.
Just two more 4% days and RAC will close the year at over $4. This is achievable.
After $4, the next resistance is ATH of $4.23. Once RAC closes above $4.23, I argue RAC will have achieved escape velocity for its sp as those you may have felt "trapped" buying at the highs is able to get out even.
The next two trading days (the last two for 2021) may well be the last for RAC in the 3 dollar range.
Happy New Year everyone!!! Hope you made the most of the extended buying opportunities in the 3 dollar range in 2021.
RAC - Charts & Price Action, page-10040
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Last
$1.59 |
Change
0.035(2.26%) |
Mkt cap ! $270.1M | |||
| Open | High | Low | Value | Volume |
| $1.54 | $1.59 | $1.53 | $248.3K | 159.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1711 | $1.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.59 | 971 | 3 |
View Market Depth
| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| RAC (ASX) Chart |