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RAC - Charts & Price Action, page-19748

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IndexInvestor

8,564 Posts.

1412

11/03/24

00:43

Post #: 72835029
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Originally posted by slick: ↑

Helyi, my take is that the market obviously loved whatever was announced and that the TA will take a few sessions to catch up, re-settle and begin printing smooth data again. It’s why I didn’t add much commentary as it’s one of those times where you can put aside the charting for a few sessions.

However, as you would know that bollingers don’t like candles being printed outside of the boundaries so next week there will be a “return to safe-house” but while there’s a re-rate going on, just let it happen I reckon.
I say as early as next week as yesterdays candle displayed a strong retrace from high of day indicating that there was profit taking and not surprisingly many cashing in.

I’d be expecting a strong start to next week followed by cooling down. That’s not being negative at all but just how these things play out. IMO.

Cheers.

Expand

LOL.

There was nothing announced last week.

And the biggest recent PS announcement wasn't made by RAC.
It was made by a shareholder ( @johndprent ) who announced it on HC.

Thanks for the light amusement.

Last edited by IndexInvestor: 11/03/24

RAC Price at posting: $1.13 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $1.69		Change 0.000(0.00%)		Mkt cap ! $288.0M

Open	High	Low	Value	Volume
$1.69	$1.69	$1.65	$179.8K	108.0K

Buyers (Bids)

No.	Vol.	Price($)
1	1437	$1.65

Sellers (Offers)

Price($)	Vol.	No.
$1.74	3313	1

View Market Depth

No.	Vol.	Price($)
2	2137	1.650
3	4020	1.645
2	40500	1.640
1	611	1.635
3	12098	1.630

Price($)	Vol.	No.
1.640	10000	1
1.690	6000	1
1.730	11500	1
1.735	3313	1
1.750	2000	1

Last trade - 15.58pm 03/10/2024 (20 minute delay)

RAC (ASX) Chart