Small point of order ... a flag has parallel lines, a pennant has narrowing ones ... what you've drawn is a pennant and NORMally it needs both lines to be touched a couple of times ... that looks more like a consolidation. The other negative there are the three spikey top candlesticks , so what you have at the top is three spikey tops and one negative candlestick ... four dubious ones in a row.
Looking at the depth today ... the bot is guarding at 74.5c, and 77c (just a few) ... stick a bigger sell in a little higher (say 79.5) and you'll see the bot adjust to flood your sell.
Try it.
RAC - Charts & Price Action, page-19516
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Last
$1.88 |
Change
0.025(1.35%) |
Mkt cap ! $319.4M | |||
| Open | High | Low | Value | Volume |
| $1.85 | $1.89 | $1.85 | $74.38K | 39.92K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18943 | $1.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.88 | 199 | 1 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |