I would expect sentiment to be somewhat bearish at the conclusion of a correction. So current vibe on these threads fits nicely with the chart.
Both price and time are at a nice junction for a major low, being 38.2% price retracement and 61.8% time retracement.
On the daily chart, we are yet to see a new low on the RSI, so there is bullish momentum divergence in place, but we will need to see a reversal ASAP for this to hold.
For me, I want so see a close back above $2.92 to suggest a low is in place. Longer-term, would need to see a weekly close back above the $3.06 - $3.14 range to be out of the woods.
- Forums
- ASX - By Stock
- RAC
- RAC - Charts & Price Action
RAC - Charts & Price Action, page-10888
-
- There are more pages in this discussion • 10,711 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
$1.94 |
Change
0.000(0.00%) |
Mkt cap ! $330.4M |
Open | High | Low | Value | Volume |
$1.95 | $1.95 | $1.84 | $647.3K | 344.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3300 | $1.87 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.94 | 5654 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1358 | 1.940 |
1 | 1800 | 1.930 |
1 | 521 | 1.910 |
1 | 531 | 1.880 |
2 | 3843 | 1.870 |
Price($) | Vol. | No. |
---|---|---|
1.940 | 5654 | 2 |
1.950 | 7570 | 1 |
1.960 | 3849 | 2 |
1.990 | 4701 | 2 |
1.995 | 10037 | 1 |
Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
Featured News
RAC (ASX) Chart |
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online