"However a slight pull back from here in the absence of any news, would also be a buying opportunity."
Wasn't having a dig, just a curious statement.
Anecdotally, I've spoken to a lot of people looking to buy 'the retracement' (most were too spooked below $1) and only a couple looking to sell near term (and only to fund options). Not sure where this volume is going to come from to allow everyone's entry. Any time we lose momentum, selling volume falls off a cliff. Same thing happened today when we touched the 8MA before we closed in Jabra's 'resistance zone'. The same zone we wouldn't see again until $1.15 was tested...
I'll go out on a limb and say this is the retracement. There's very few 'trapped buyers' between here and ~$2. Has to be the target before the month is out.
- Forums
- ASX - By Stock
- RAC
- RAC - Charts & Price Action
RAC - Charts & Price Action, page-20329
-
-
- There are more pages in this discussion • 1,763 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RAC (ASX) to my watchlist
|
|||||
Last
$1.71 |
Change
0.010(0.59%) |
Mkt cap ! $291.3M |
Open | High | Low | Value | Volume |
$1.76 | $1.79 | $1.66 | $307.6K | 176.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 615 | $1.62 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.74 | 609 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 615 | 1.620 |
1 | 12000 | 1.615 |
1 | 20000 | 1.610 |
3 | 21625 | 1.600 |
1 | 1279 | 1.555 |
Price($) | Vol. | No. |
---|---|---|
1.735 | 609 | 1 |
1.800 | 13808 | 4 |
1.820 | 4000 | 3 |
1.830 | 4000 | 1 |
1.850 | 14401 | 2 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
Featured News
RAC (ASX) Chart |