RAC - Charts & Price Action, page-21674

First 21674 Last

Share
Profile

Follow
Boffin99

2,759 Posts.

2843

20/07/24

09:39

Post #: 74838186
Share

Originally posted by slick: ↑

For the sector charts I use IBB as I believe that an ETF represents money flow and momentum better but that's just me. Both show what the state of the BIO sector.

On a zoom out we are a long way from the highs so the sector still has a long way to go but i guess the main point is that while the sector is improving it trickles down to the small caps like RAC etc. And you don't want to be in a falling sector locked in like a statue.

Here's your zoomed out weekly.

And here's the current daily. The past few days haven't been that strong.

Re the gaps on the sector charts well I don't really rate them at all as these things move differently and as they combine many good stocks therefore any bullish signals in the markets and they can move quickly. As a gap fanatic I love a clean closed off chart but I wouldn't consider gaps being important on these indices charts. Again, that's just me, others may have a different view.

As far as the RAC chart goes, the all-important weekly is the one looong holders need to focus on and while both weekly candles and MACD prints higher lows then it's in full bullish mode. IMO.

Cheers

Expand

thanks mate, makes sense. Mistake i have made is only watching a stock and not the sector. If both are headed in the same direction then trend if your friend.

RAC Price at posting: $1.83 Sentiment: Buy Disclosure: Held
14 Upvote

0 Great analysis

Reply

Top Stories

INA

Ingenia shares jump 7% on strong revenue and earnings figures

Banking on ANZ in this week's Hot Stock tips

USL

'Joaquin Silver District' acquisition to become a key asset for Unico

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

UNT

UNITH hard launching AI 'digital human' platform too 600+ companies as AI thematic survives sell-off

There are more pages in this discussion • 294 more messages in this thread...

First 21674 Last

Add RAC (ASX) to my watchlist

(20min delay)
Last $1.46		Change -0.060(3.95%)		Mkt cap ! $248.7M

Open	High	Low	Value	Volume
$1.53	$1.55	$1.46	$123.6K	82.48K

Buyers (Bids)

No.	Vol.	Price($)
1	1	$1.50

Sellers (Offers)

Price($)	Vol.	No.
$1.58	6715	2

View Market Depth

No.	Vol.	Price($)
1	1	1.500
1	6800	1.470
2	9000	1.460
2	4770	1.455
3	12005	1.450

Price($)	Vol.	No.
1.580	6715	2
1.595	12136	1
1.600	33469	3
1.620	5327	1
1.645	10000	1

Last trade - 15.37pm 20/08/2024 (20 minute delay)

RAC (ASX) Chart

RAC - Charts & Price Action, page-21674

Ingenia shares jump 7% on strong revenue and earnings figures

Banking on ANZ in this week's Hot Stock tips

'Joaquin Silver District' acquisition to become a key asset for Unico

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

UNITH hard launching AI 'digital human' platform too 600+ companies as AI thematic survives sell-off

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

RAC - Charts & Price Action, page-21674

Top Stories

Ingenia shares jump 7% on strong revenue and earnings figures

Banking on ANZ in this week's Hot Stock tips

'Joaquin Silver District' acquisition to become a key asset for Unico

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

UNITH hard launching AI 'digital human' platform too 600+ companies as AI thematic survives sell-off

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News