Yeah it’s a good question, I got royally bent over there eh but I appreciated the trade made.
Look I think that one was completely different as prior to that it was trading in the gutter (all time lows) so came off a long base and the market really pumped the announcement. But you could probably remember the past announcements from that one which saw the SP plummet. Was too risky for me but good on holders.
Where as RAC is still coming down from highs, hasn’t really formed a strong base to build off. Therefore that sort of PA could only come from incredible news that the market takes too. IMO
Cheers.
RAC - Charts & Price Action, page-17478
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