RAC 2.20% $1.78 race oncology ltd

RAC - Charts & Price Action, page-21303

  1. 14,453 Posts.
    lightbulb Created with Sketch. 7689

    Well as expected there was a sell off and my small holding was one of them but I'm very grateful. It was funny hearing @EWexplorer a week ago talking about the size of traders holdings and he was spot on.

    Reason for closing was simply this. It's been an awesome run but the intraday candles rolled over strongly. Added to that was the very high spike way out of bollies forming a similar situation to the previous peaks in the red circles on my daily chart.

    https://hotcopper.com.au/data/attachments/6243/6243098-b4a394725500d27223844190a6b68935.jpg

    https://hotcopper.com.au/data/attachments/6243/6243105-f6adc71e632e27580cf1810a4e32c623.jpg

    I would be delighted to be wrong and the next bloke gets an earn but it's been a great trade.

    It should be noted by closing a trade doesn't mean that I think there's anything wrong with the stock. Purely a decision based off the technicals.

    Cheers
 
watchlist Created with Sketch. Add RAC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.