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.
- Forums
- ASX - By Stock
- RAC - Charts & Price Action
Technically yes. I believe the current trading environment/...
-
-
- There are more pages in this discussion • 6,939 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
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. |
---|---|---|
$1.59 | 3000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 649 | 1.575 |
1 | 325 | 1.540 |
1 | 1138 | 1.535 |
1 | 10000 | 1.525 |
1 | 2239 | 1.520 |
Price($) | Vol. | No. |
---|---|---|
1.585 | 3000 | 1 |
1.620 | 2192 | 2 |
1.630 | 6183 | 1 |
1.640 | 4440 | 2 |
1.660 | 20000 | 1 |
Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
Featured News
RAC (ASX) Chart |
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online