Last time we dropped to $1.50 we very quickly shot back up to $2.85
I think this time around we’ve had tax loss selling which the sellers then become buyers again, and those that have been buying hopefully have sticky hands.
The main issue RAC has is a lack of new buyers, even the selling is a very low % of the SOI. The moment we get some positive news or a clear path to transaction, a small amount of new buyers will do the heavy lifting back to $4+
RAC - Charts & Price Action, page-16322
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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 |