Evening all,
I come in peace, I am a previous holder in RAC, believe in the FA story and would like to hold at a future date. Here is my non-biased view on the daily chart.
Pretty obvious downtrend, with serious momentum. The support at $2.29 is acting like a magnet at the moment, seems highly likely it'll touch this price. Question is, does it hold and bounce or is there further to fall? The volume around this price will be telling. If it falls further, well.. $1.60 is the next layer of support and there is plenty of it there.
My thoughts are that it will bounce off the top support at $2.29. Will keep an eye on it over the next few weeks. All the best.
RAC - Charts & Price Action, page-10931
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Last
$1.94 |
Change
0.055(2.92%) |
Mkt cap ! $330.4M | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.96 | $1.85 | $333.0K | 174.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3105 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.95 | 7574 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |