- Capitulation is when there is peak market pessimism, together with some individual investors hitting their pain threshold, and therefore sell at all cost just to stop the bleeding.
- I believable yesterday’s (plus this morning’s) price action and volume signalled capitulation in the RAC sp.
- This is a bullish signal and good entry point for patient long term investors.
My New View:
- RAC is going higher from here.
- still hopeful (against most people’s view) that $4.50 options will be in the money come 16 May 2022. There are still 9 weeks to go till expiry. This is based on fundamentals of the potential RAC announcements to be released plus changing of market sentiment.
- However, why worry about exercising options at $4.50 in 9 weeks, when you can buy now under $3.
- (Reminder: in Q1 2021, RAC returned over 100% in 5 weeks. If repeated in the near term, that means $5.20 by mid-April 2022).
- Forums
- ASX - By Stock
- RAC
- RAC - Charts & Price Action
RAC - Charts & Price Action, page-11065
-
-
- There are more pages in this discussion • 10,854 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RAC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.61 |
Change
0.165(11.5%) |
Mkt cap ! $273.4M |
Open | High | Low | Value | Volume |
$1.46 | $1.61 | $1.46 | $245.3K | 161.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 229 | $1.57 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.63 | 1226 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 229 | 1.570 |
1 | 40000 | 1.560 |
1 | 533 | 1.530 |
1 | 4000 | 1.520 |
1 | 6000 | 1.500 |
Price($) | Vol. | No. |
---|---|---|
1.630 | 1226 | 1 |
1.640 | 12136 | 1 |
1.650 | 12920 | 2 |
1.690 | 585 | 1 |
1.750 | 14309 | 3 |
Last trade - 16.10pm 12/08/2024 (20 minute delay) ? |
Featured News
RAC (ASX) Chart |