Considering how far the price has fallen it seems that the market is (either irrationally or inadvertently) pricing in a bad update. Doesn't necessarily mean that it is a likely outcome at all, just means that the market is failing to price in the high probability outcome of a bullish update which makes for a great buying opportunity imo
Markets are rarely rational, price movements should never be used as a signal of future performance/news
RAC - Charts & Price Action, page-16546
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 (20min delay)
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Last
$1.83 |
Change
-0.030(1.61%) |
Mkt cap ! $311.7M | |||
| Open | High | Low | Value | Volume |
| $1.86 | $1.91 | $1.79 | $169.3K | 92.02K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 92 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.87 | 3472 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |