RAC 7.51% $1.60 race oncology ltd

RAC - Charts & Price Action, page-16719

  1. 2,785 Posts.
    lightbulb Created with Sketch. 2856
    great insights @RitzyBusiness for those that sold in the $1.10 - $1.20 range to re-enter after its back at $1.60 so actually worse off compared to holding.

    Whilst we have the benefit from hindsight, there was no news (eg negative news) or macro events supporting the SP decline. It was simply panic selling and June loss selling.

    Looking forward the resistance level I think can be reached on the back of continued recovery in the sector, or reformulation delivery.

    To blast through this a solid plan with plenty of juice in the strategy, but will it be or is it business as usual. Expectations are high so how many Aces does DCB have, if COH just the entree?

    Sheba 2 IMO will be the ammunition to blast through the ceiling and breach the neck line of the double bottom. This would then result in further gains with 90% accuracy of W is confirmed.

    I think dead cat bounce unlikely, interest rates peaking ppl redeploying tax refunds and renewed confidence in the sector. DYOR.
 
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Last
$1.60
Change
-0.130(7.51%)
Mkt cap ! $272.6M
Open High Low Value Volume
$1.74 $1.74 $1.60 $313.3K 191.2K

Buyers (Bids)

No. Vol. Price($)
1 8179 $1.60
 

Sellers (Offers)

Price($) Vol. No.
$1.63 10000 1
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Last trade - 16.10pm 27/08/2024 (20 minute delay) ?
RAC (ASX) Chart
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