200EMA (green line) had acted as major resistance for a whopping 10 months since Jan 2022. And before that it acted as support since July 2019, that’s 30 months. 30 months of uptrend followed by 10 months of downtrend.
It is way outside its Bollinger bands but the EMA20 and the EMA50 are now approaching the EMA200 in quick time thanks to the higher volume. It’s a bullish sign and hints to the cool-down period coming to an end. Anyone who thinks a chart could have 30 months of constantly rising price compared to the EMA200 needs to get checked.
Anyway, $2.52 next major resistance point, $2.28 is the 200EMA which I hope acts as the major support, if not around $2.1. Just needs a few days to consolidate its EMAs closing above $2.28 and we’ll see an uptrend. 200EMA has defined RAC’s run ups and cool-down periods.. the data says it all.
200EMA (green line) had acted as major resistance for a whopping...
Add RAC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.31 |
Change
0.020(1.55%) |
Mkt cap ! $217.2M | |||
| Open | High | Low | Value | Volume |
| $1.31 | $1.31 | $1.26 | $71.25K | 55.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.31 | 5950 | 3 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.31 |
Change
0.020 ( 2.18 %) |
||||
| Open | High | Low | Volume | ||
| $1.30 | $1.31 | $1.26 | 10789 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| RAC (ASX) Chart |