Have not looked at RAC chart for a while as was trying to ignore the current down trend.
The half way point between the low of 2.97 and high of 4.04 was 3.505. The SP hit 3.48 intra- day but it has not closed below 3.51, this level proving to be strong support. There is also falling volume as the handle played out.
I think the C&H is still in play here.
RAC - Charts & Price Action, page-7058
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Last
$1.66 |
Change
-0.020(1.19%) |
Mkt cap ! $282.8M | |||
| Open | High | Low | Value | Volume |
| $1.68 | $1.68 | $1.61 | $118.5K | 72.33K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $1.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.66 | 601 | 1 |
View Market Depth
| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| RAC (ASX) Chart |