The breakout from the squeeze you mentioned on Friday @slick went the "right" way.
After today's great price action, (up 8% two consecutive days in a row and touched $1.09 today), the Race chart is looking bullish with today's close outside the upper bollie and above the EMA. Buyers are outnumbering sellers consistently and I get the feeling that we are primed for a nice upwards run. Note my candlesticks
At one stage this morning after the large buy order, we had just 10 sellers left. I know the below will change by morning, but a good chunk of the buys are now above 90 cents (120,000 in volume). Which is in fact more than all of the sell volume in total. This indicates really strong support to me.
The breakout from the squeeze you mentioned on Friday @slick...
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Last
$1.45 |
Change
-0.005(0.34%) |
Mkt cap ! $242.5M | |||
| Open | High | Low | Value | Volume |
| $1.46 | $1.50 | $1.43 | $62.91K | 43.17K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5700 | $1.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 591 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$1.46 |
Change
-0.005 ( 0.23 %) |
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| Open | High | Low | Volume | ||
| $1.44 | $1.49 | $1.43 | 9034 | ||
| Last updated 13.08pm 24/05/2024 ? | |||||
| RAC (ASX) Chart |