Whoops, let me finish.
Big bullish candle in March, with a close near the top of the range. Price wise, the low was almost bang of a 50% retracement of the prior rally. Time wise, we get a Fib 61.8% relationship between the trend phase and corrective phase. (I made this a dotted line so we can see the candle).
Chart 2 in log scale. If that is Wave 1 and Wave 2 complete, Wave 3 is upon us. At a minimum, we should expect a 100% extension, which is at $6.40. More typical extension is the 161.8%, at $8.99.
RAC - Charts & Price Action, page-11288
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Last
$1.94 |
Change
0.055(2.92%) |
Mkt cap ! $330.4M | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.96 | $1.85 | $333.0K | 174.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3105 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.95 | 7574 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |