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
- Forums
- ASX - By Stock
- RAC
- RAC - Charts & Price Action
RAC - Charts & Price Action, page-21673
-
- There are more pages in this discussion • 295 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
|
|||||
Last
$1.46 |
Change
-0.060(3.95%) |
Mkt cap ! $248.7M |
Open | High | Low | Value | Volume |
$1.53 | $1.55 | $1.46 | $123.6K | 82.48K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1 | $1.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.58 | 6715 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1 | 1.500 |
1 | 6800 | 1.470 |
2 | 9000 | 1.460 |
2 | 4770 | 1.455 |
3 | 12005 | 1.450 |
Price($) | Vol. | No. |
---|---|---|
1.580 | 6715 | 2 |
1.595 | 12136 | 1 |
1.600 | 33469 | 3 |
1.620 | 5327 | 1 |
1.645 | 10000 | 1 |
Last trade - 15.37pm 20/08/2024 (20 minute delay) ? |
Featured News
RAC (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online