RAC - Charts & Price Action, page-14123

On a serious note, technically to me it looks like a pretty classic bull flag has formed on the daily chart. Break-out from the flag on Monday would occur trading at a price of $2.59 or higher and a flagpole of ~87 cents high gives a price target of close to $3.50 which closely matches an area of significant resistance previously.


After yesterday's pretty ordinary candle, today provided a much nicer result with a close above the $2.50 resistance level. Looking at the order stack currently, on Monday RAC could be primed for a breakout of the flag consolidation and continuation of this pattern. A positive market and/or some good news would be welcome to help give it a push along.