RACE ONCOLOGY LTD (ASX:RAC) - RAC - Charts & Price Action, page-18338 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by FireflyOne: ↑

Hi every one.

Going to stick my neck out and give you my big picture view of what is ahead and some conclusions as to why it will happen. Most of this is common sense and tries to piece together what could play out over the next 2 years. No conclusions have been drawn as to where our price may be or how high. Please feel free to comment as I make no claim as to weather this will play out this way.

There will be no charts to-day.

First off I will say, what ever you say or think about Dory his charts are first class and should be viewed as useful when looking at long or short term trends.
Other than that I have no further comment.

Second always keep your eye on the long term economic trends as Countries cycle through boom, bust periods.

Thirdly get to know your investment stocks and read everything so you understand the long term outlook.

And lastly get in as cheap as you can and hold, my overall portfolio picture is hovering between green and red as my income bearing stock have taken a battering. Long term they will recoverand I always ride out the cycles as picking the top and bottom of a market is too darn hard.

This leads me to the question where are we going?

Short term we have some fellow shareholders trying to keep the price trending down to .75c purely for getting a cheap entry and to add to there existing holding. This will not last as,

1: There are too few shares out there at this price so building a large number of shares is impossible and very slow.

2: As more buy into the Options, the piggyback options will put pressure on the overall price as all holders will want them in the money, traders included.

Now for longer term,

1. 2024 is going to be a tough year on the market, I have been hit with a lot of low life scammers trying to get me to sell my stocks over the last few months with warnings of a crash in April 2024. I have no intention of selling and making them rich.

2. In 2025 it is predicted that we will see a recovery in the economic out look of most countries around the world.

3.History shows us that the stock market is almost always 6 months ahead of any economic recovery.

4. The last two Quarters of 2024 could be very interesting if the market is true to nature, as buyers will be scrambling to get back in and prices rise.

Lets look at Race now, in a little more detail regarding the recovery in price and why,

1. Short term a drift back towards .75c cannot be sustained long term due to pressure from option and piggy-back holders.

2. I expect Merchant to re-enter the market as it is in the business of making outstanding returns for it's investors, so it will be in their interest to see the options move away from the .75c floor. So they can book some profit and sell down as the value increases greatly.
We have seen this all before.

3. Merchant will want the piggy-back options in the money so they can book even further profits with out selling down there main holding.

4. In the second half of 2024 we will see investors return and demand will further put pressure on our price to move upwards.

5. 2024-5 we will see announcements that start to support our price in first half 2024 then assist the move upwards second half of 2024 and into 2025.

6. Mid 2025 institutional funds will start buying into the market putting further pressure on our price.

7. As the market wakes up to Race, human nature will take over and FOMO could well kick in some time in 2025.

As you may well be aware these are my conclusions drawn on many years of watching the market go through boom and bust cycles and as always cycles repeat over and over again, as the market marches ever upward.
By mid 2025 Bio's will be back in favor and the Race story will have been further advanced with many exciting announcements.

As always read my disclosure and do your own research

all the best

FireflyOne

The writer's opinions are his own and do not constitute financial advice in any ways.Nothing here constitutes an investment recommendation nor should anything written here or published by myself be relied upon for any investment activities.I strongly recommend that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.

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When the doomsayers come out spouting the end is nigh and the sky is falling never to recover… generally is a phenomenal buy signal. I distinctly recall this happening recently in late Feb 2020 people shouting the markets were in for the mother of all crashes never to recover, funny what followed soon after. You make good points however on understanding and knowing your investments well, as there are plenty of duds out there to take your money.

Q3/4 really is shaping up to be a great time for the markets, more so RAC, assuming things stay on track it should all align nicely for us. All the best to holders!

No.	Vol.	Price($)
1	3105	$1.94

No.

Vol.

Price($)

3105

$1.94

Price($)	Vol.	No.
$1.95	7574	1

Price($)

Vol.

No.

$1.95

7574

No.	Vol.	Price($)
1	3105	1.940
2	30000	1.900
1	4861	1.880
1	3000	1.850
1	30000	1.840

No.

Vol.

Price($)

3105

1.940

30000

1.900

4861

1.880

3000

1.850

30000

1.840

Price($)	Vol.	No.
1.950	7574	1
1.995	10037	1
2.000	8000	3
2.020	4000	1
2.040	2000	1

Price($)

Vol.

No.

1.950

7574

1.995

10037

2.000

8000

2.020

4000

2.040

2000

(20min delay)
Last $1.94		Change 0.055(2.92%)		Mkt cap ! $330.4M

Open	High	Low	Value	Volume
$1.89	$1.96	$1.85	$333.0K	174.5K

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