Hi @Boffin99 If US inflation is confirming to be under control Risk On should see money flow to small caps from large ones. So yes you are correct. But normally the purists like a back test as far as RAC. That recent dip to the bottom BB at 1.59 and consequent bounce off there and the EMA50 was effectively our own back test but obviously no new break out
yet
its all acting perfectly. I still feel the RAC SP was manipulated for the end of Q reporting season which created the initial break of $2.
A good thing for we longs and reasonably tradeable.
It sure feels like we’re sailing with good tides and fair winds
RAC - Charts & Price Action, page-21592
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Last
$1.94 |
Change
0.055(2.92%) |
Mkt cap ! $330.4M | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.96 | $1.85 | $333.0K | 174.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3105 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.95 | 7574 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |