Thanks Firefly, that does make sense. At first glance it appears as though there ARE lots of buyers - the number of buyers outnumber sellers by 3 to 1 and the number of buy shares outnumber the number of sells by over 18! However a closer look reveals that 85% of the the buy shares are at prices under $1.40 and at least half of that are under $1.20 in large blocks eg 50,000 so unlikely to be genuine orders - so indeed I see the advantage of slow and steady winning the race. Although as I write this, we are now up to $1.555 so I feel like we are indeed winning the race!
Here is a chart showing us now touching that top Bollinger Band which is great news. We may get yet more attention on us with these kind of indicators. Let's hope we close above it today.
RAC - Charts & Price Action, page-16671
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Last
$1.79 |
Change
-0.025(1.38%) |
Mkt cap ! $305.0M | |||
| Open | High | Low | Value | Volume |
| $1.81 | $1.82 | $1.79 | $46.25K | 25.70K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3141 | $1.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.80 | 500 | 1 |
View Market Depth
| Last trade - 11.25am 27/09/2024 (20 minute delay) ? |
| RAC (ASX) Chart |