For the sector charts I use IBB as I believe that an ETF represents money flow and momentum better but that's just me. Both show what the state of the BIO sector.
On a zoom out we are a long way from the highs so the sector still has a long way to go but i guess the main point is that while the sector is improving it trickles down to the small caps like RAC etc. And you don't want to be in a falling sector locked in like a statue.
Here's your zoomed out weekly.
And here's the current daily. The past few days haven't been that strong.
Re the gaps on the sector charts well I don't really rate them at all as these things move differently and as they combine many good stocks therefore any bullish signals in the markets and they can move quickly. As a gap fanatic I love a clean closed off chart but I wouldn't consider gaps being important on these indices charts. Again, that's just me, others may have a different view.
As far as the RAC chart goes, the all-important weekly is the one looong holders need to focus on and while both weekly candles and MACD prints higher lows then it's in full bullish mode. IMO.
Cheers
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Last
$1.78 |
Change
-0.040(2.20%) |
Mkt cap ! $302.5M |
Open | High | Low | Value | Volume |
$1.81 | $1.82 | $1.76 | $132.8K | 74.40K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 170 | $1.77 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.78 | 2 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 4000 | 1.755 |
3 | 12714 | 1.750 |
1 | 3000 | 1.740 |
1 | 1405 | 1.720 |
4 | 25414 | 1.700 |
Price($) | Vol. | No. |
---|---|---|
1.780 | 3781 | 1 |
1.830 | 7500 | 1 |
1.840 | 1000 | 1 |
1.850 | 5222 | 1 |
1.880 | 2351 | 1 |
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