This current chart has taken my interest. To start, there is some upside target at 4.40, and 5.00 short term if it runs up. This is based on the current trajectory and fib extensions, and holding the main 62fib resistance/support at 3.75 area. And if that happens, then depending how it plays more upside after that. Fingers crossed for longs!
However, recent price history has shown some weakness, and looks to be sitting at a key swing point around 3.85. The weakness is the previous fallout from this same level and the red bars hugging the BBs on the way down until support at previous triangle on left. It then traded below the 50MA for a reasonable period finding resistance a couple times at this line. The downside looks like supports at 3.45, 3.0, and 2.25. Watch for the DCBs around these. Current short interest is at 0 by the looks, will be interesting if this starts to pick up also.
GLTA!
RAC - Charts & Price Action, page-6494
-
- There are more pages in this discussion • 16,457 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RAC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.64 |
Change
0.050(3.15%) |
Mkt cap ! $278.7M | |||
| Open | High | Low | Value | Volume |
| $1.58 | $1.65 | $1.57 | $98.54K | 60.86K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2377 | $1.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.64 | 320 | 1 |
View Market Depth
| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| RAC (ASX) Chart |