RAC 3.31% $1.61 race oncology ltd

RAC - Charts & Price Action, page-19268

  1. 376 Posts.
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    Interesting day yesterday. Looking forward to see what price action unfolds next week. Not convinced it's a change of trend...yet. Any (known) news catalysts are still a few weeks/months away.

    Price looks like it rejected downtrend again. Maybe just a back test of recent broken support?
    https://hotcopper.com.au/data/attachments/5949/5949690-607feb125e5036ed1e4d401493be4bcc.jpg


    On the other hand, monthly MACD looking like it could be gearing up to swing. Experience suggests the biggest moves tend to happen at the MACD cross (bearing in mind its a lagging indicator).

    https://hotcopper.com.au/data/attachments/5949/5949714-276e10787b0fca4a34abe3edd348bc31.jpg
    Last edited by itchy15: 10/02/24
 
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