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.
RAC - Charts & Price Action, page-14123
-
- There are more pages in this discussion • 8,044 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RAC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.68 |
Change
0.020(1.20%) |
Mkt cap ! $286.2M | |||
| Open | High | Low | Value | Volume |
| $1.68 | $1.68 | $1.61 | $177.8K | 108.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1100 | $1.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.68 | 4999 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| RAC (ASX) Chart |