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.
On a serious note, technically to me it looks like a pretty...
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Last
$1.70 |
Change
-0.140(7.61%) |
Mkt cap ! $289.4M | |||
| Open | High | Low | Value | Volume |
| $1.88 | $1.89 | $1.70 | $456.4K | 259.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 8662 | 1 |
View Market Depth
| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| RAC (ASX) Chart |