You know it's not until you watch the tape roll live on RAC do you realise a problem here. And that's volume in combination with a ridiculously small book.
Meaning if anyone wants to buy a reasonable amount, then they are going to wipe many lines and likewise, if someone wants to drop say 100K shares then they are going to drop the SP by more then 10%.
EG, the gap open today of 2 cents was done on just 218 shares and there wasn't any shares traded at 76 cents.
Yes it's very nice to see the chart printing green but I don't think you can be discouraged on red days as either as I could have been simply 1 seller cashing in 20k shares.
You gotta build that book up.
Out of the 52 trades today I reckon I can count retail trades on one hand. The rest is just market maker stuff.
Anyway, not trying to be negative, just displaying what is going on.
Cheers.
RAC - Charts & Price Action, page-19302
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 (20min delay)
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Last
$1.79 |
Change
-0.075(4.02%) |
Mkt cap ! $304.8M | |||
| Open | High | Low | Value | Volume |
| $1.86 | $1.86 | $1.76 | $348.2K | 192.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5612 | $1.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.79 | 3567 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$1.78 |
Change
-0.075 ( 5.38 %) |
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| Open | High | Low | Volume | ||
| $1.81 | $1.86 | $1.76 | 27553 | ||
| Last updated 15.55pm 14/06/2024 ? | |||||
| RAC (ASX) Chart |