To me it looks like an inverse head and shoulders pattern has formed on the daily chart, which just broke through (and closed almost right on) the neck line today. Hopefully we can follow through next week with a decisive break. The price target for this pattern (if completed) is about $4.23 - i.e. corresponding almost exactly with the ATH reached back in March.
RAC - Charts & Price Action, page-8692
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 (20min delay)
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Last
$1.75 |
Change
0.010(0.57%) |
Mkt cap ! $298.0M | |||
| Open | High | Low | Value | Volume |
| $1.73 | $1.83 | $1.73 | $272.0K | 152.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9998 | $1.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.79 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |