RAC - Charts & Price Action, page-12838

Well it has been a while since my last update.


Since March 21 the market has not operated in an open manner as buying and selling parties played games, nothing has broken this selling pattern and as the games played out our price was pushed lower and lower. Till now no signs of a normal breakout have occurred. With the Buy Back now in place and operating we now have a brake on the push down as anyone playing that game has to compete with another bot buying.
The only option is to buy at a price greater than the buyback figures set each day. We now have some freedom for the market forces to come into play at long last. This time round when the Keltner channel crossed inside the Bollinger Bands, the market reacted in a normal manner and the price took off The MACD also crossed with in 48 hours and climbed steeply into positive. We now stand at a crossroad with the Price closing outside the bands. At this point it is not uncommon to see the market tested so Mondays trading could move sideways and a little in the red, if normal market forces come into play the rest of the week might see further jumps in our price as we move upwards. This is very text book stuff and does not always play out this way, the thing to watch now for is how many shares are dumped into the market next week by our seller too many and the new game will falter before it even get off the starting blocks.


Next week is going to be interesting,


all the best
FireflyOne
The writer's opinions are his own and do not constitute financial advice in any ways.Nothing here constitutes an investment recommendation nor should anything written here or published by myself be relied upon for any investment activities.I strongly recommend that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.