@yannpiot
Where to? I added 15k yesterday so I guess that says what I think.
There are no significant shorts and lately it feels to me like the SP has been dominated by retail based selling not bot churn only.
So I'm picking the tax-loss-selling has peaked - as we get closer to the end of June we get very close to the expected/.anticipated news ... FOMO must start in a week or so. Wouldn't you think?
That 600k off-market-transfer was significant (for me) recently. @ $1.55 I think. If it was a corporate in-house transfer they will do it at a price they think is near the low to maximize the tax effect while maintaining their full holding.
It could even have been MMessina transferring a third of her shares to get a $150k tax loss against her tax obligations. But the timing is significant I assume - the Quarterly will be an interesting T20 read.
So my money (guess) is on a bounce of sorts here (macro markets and geopolitics?) then a small triangle while we wait for news as the FOMO'ers fight the last few tax-loss-sellers closer to July.
RAC - Charts & Price Action, page-15859
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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 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |