RAC 3.62% $1.58 race oncology ltd

Technically yes. I believe the current trading environment/...

  1. 5,879 Posts.
    lightbulb Created with Sketch. 1858
    Technically yes.

    I believe the current trading environment/ (RAC) chart position is an anomaly.

    I've had this same discussion with W3hunter over the years on RAC and applied my own interpretation for the Aussie market in exactly the situation we are now where some (micro cap) stocks (in particular) break to the downside and the purist TA'ers get stopped out.

    Momentum traders can make a few dollars here n there but to really make money on low volume stocks like RAC it needs more FA input to the TA.

    I think we are (probably) looking at a double bottom here ... EW super-cycle 3, wave 3,1 about to confirm.

    But, sure, if it breaks down from here I'm wrong. (My holding is on the line, significant (and cash positive from former EW based (with some adjustments) trades))

    So we'll see what happens next.

    Let's review this conversation on November 1. It's in the diary.




 
watchlist Created with Sketch. Add RAC (ASX) to my watchlist
(20min delay)
Last
$1.58
Change
0.055(3.62%)
Mkt cap ! $268.4M
Open High Low Value Volume
$1.56 $1.61 $1.56 $106.0K 67.13K

Buyers (Bids)

No. Vol. Price($)
2 649 $1.58
 

Sellers (Offers)

Price($) Vol. No.
$1.59 3000 1
View Market Depth
Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
RAC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.