It is when they run out of shares or otherwise stop or slow down … supply eases and the share price takes off.
The SP has a history of doing this with very strong lines of support due to the fundamentals of the drug and RACE’s careful execution of strategy ( buyers comfortably accumulating during pullbacks ).
RAC - Charts & Price Action, page-5905
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Last
$1.92 |
Change
-0.020(1.03%) |
Mkt cap ! $331.3M | |||
| Open | High | Low | Value | Volume |
| $1.93 | $1.96 | $1.91 | $97.81K | 50.48K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4928 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.93 | 2800 | 2 |
View Market Depth
| Last trade - 10.57am 16/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |