RAC 1.74% $1.47 race oncology ltd

RAC - Charts & Price Action, page-16539

  1. 467 Posts.
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    Unfortunately the broker data from the last two years has always suggested that 85% of our sell table is small retail. A few people adding constant pressure when there's a lack of buyers will ultimately drive down the price as algorythms struggle to find suitable volume to offload. Algo selling works - but it puts a handbrake on momentum by design (auto selling when a % increase is achieved, thus slowing growth.)

    It's easy to shrug at this, but RAC has a buyer problem AND a seller problem. Retail are absolutely the issue.

    I would suggest seeing what a pause in your algo selling does for a week. I strongly suspect it will be better for your balance as the SP stabilises and is allowed to rise. The growth would likely outstrip your algo's set rate and you'd get a better return.

    IMO not advice.
 
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Last
$1.47
Change
0.025(1.74%)
Mkt cap ! $249.7M
Open High Low Value Volume
$1.44 $1.48 $1.44 $25.63K 17.46K

Buyers (Bids)

No. Vol. Price($)
1 312 $1.47
 

Sellers (Offers)

Price($) Vol. No.
$1.48 354 1
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Last trade - 16.10pm 01/11/2024 (20 minute delay) ?
RAC (ASX) Chart
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