Looks like a double bottom on the weekly chart.
This is a bullish pattern.
KEY TAKEAWAYS
A double bottom pattern is a classic technical analysis charting formation showing a major change in trend from a prior down move.The double bottom pattern looks like the letter "W." The twice-touched low is considered a support level.The double bottom pattern always follows a major or minor downtrend in a particular security, and signals the reversal and the beginning of a potential uptrend.
RAC - Charts & Price Action, page-17716
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Last
$1.69 |
Change
0.000(0.00%) |
Mkt cap ! $288.0M | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.69 | $1.57 | $387.6K | 237.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 807 | $1.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.69 | 2376 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| RAC (ASX) Chart |