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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$1.44 |
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Mkt cap ! $245.4M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
2 | 2499 | $1.44 |
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Price($) | Vol. | No. |
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View Market Depth
No. | Vol. | Price($) |
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1 | 2046 | 1.420 |
3 | 14000 | 1.410 |
1 | 500 | 1.405 |
6 | 15413 | 1.400 |
Price($) | Vol. | No. |
---|---|---|
1.460 | 247 | 1 |
1.465 | 256 | 1 |
1.470 | 341 | 1 |
1.475 | 248 | 1 |
1.480 | 12341 | 2 |
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