RAC - Charts & Price Action, page-16548

Maybe I'm not making it clear -and I don't know who needs to read this, but-

If you trade RAC in these current market conditions, you end up trading it down over time. The sell pressure has a greater impact than the buy demand can absorb when the sector is in the trashcan.

You are not only denying yourself better gains over the medium term by kneecapping for small gains upfront, but you're constantly creating a downward pressure on the SP. You're hurting the stock, the company, other holders - and in the end, yourself.

Here's a beautiful current example.

You can see small algo sells or manual small trades, followed by a "roadblock" to keep the SP from running away. You can see it's ONE trader who is creating this mess. It's an anchor that creates volatility and a cap on the price.



You can also now see that traders are using this roadblock and volatility to trade here at the top of the book, knowing the buy side doesn't have the stamina to break through the biggest barrier at 1.38-1.41 now:



Pip trading is valid, but I don't want to hear from retailers claiming "it's not me - I'm not the issue." You are. Small retail have been before, and small retail will be in the future.

You can shrug it off all you like, but trading RAC like this is creating more downward pressure than upward pressure and, in turn, generating the volatility for your pocket money returns.

Sit on your hands for a week and prove me wrong, sellers.