RAC - Charts & Price Action, page-21673

For the sector charts I use IBB as I believe that an ETF represents money flow and momentum better but that's just me. Both show what the state of the BIO sector.

On a zoom out we are a long way from the highs so the sector still has a long way to go but i guess the main point is that while the sector is improving it trickles down to the small caps like RAC etc. And you don't want to be in a falling sector locked in like a statue.

Here's your zoomed out weekly.


And here's the current daily. The past few days haven't been that strong.


Re the gaps on the sector charts well I don't really rate them at all as these things move differently and as they combine many good stocks therefore any bullish signals in the markets and they can move quickly. As a gap fanatic I love a clean closed off chart but I wouldn't consider gaps being important on these indices charts. Again, that's just me, others may have a different view.

As far as the RAC chart goes, the all-important weekly is the one looong holders need to focus on and while both weekly candles and MACD prints higher lows then it's in full bullish mode. IMO.



Cheers