(I can't believe the naivety of some people - or are they just trolls?)
All shares go too high on the uptrend, before going too low on the counter-trend.
RAC have (in effect) just underwritten the sales of DrG's remaining shares (if he does decide to sell them).
The recent chart is a definitive ST double bottom ... more influence by the Reserve Banks 0.5% rate increase over the last couple of days than anything else.
There is a Macro market that influences the price of RAC shares - surely people realise this?
Whatever .... Supercycle 3 would appear to be confirming - a higher high and higher low will confirm ... first we'll get the SMA's crossing on the intra-day chart, then on the daily and the ultimate confirmation will be the SMA20 crossing the 50, then a Golden cross of 50 through 200 IMHO
(I can't believe the naivety of some people - or are they just...
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Last
$1.79 |
Change
-0.020(1.11%) |
Mkt cap ! $306.5M | |||
| Open | High | Low | Value | Volume |
| $1.81 | $1.83 | $1.79 | $135.1K | 74.97K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1424 | $1.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.80 | 16 | 1 |
View Market Depth
| Last trade - 15.15pm 28/06/2024 (20 minute delay) ? |
| RAC (ASX) Chart |