Agree. No evil dark forces keeping it down. We've just been in an insufferably long news vacuum for anything the market cares about (read it again, before anyone steps on my throat saying we have had news).
The market wants clinical results or some commercial announcement that it can see confidence in and run actual numbers on.
Like others, RAC got smacked with last week's volatility, but it got next to zero buying interest on the rebound days. Price action is looking grim and I'm sitting on the expectation that we revisit last year's lows. We need to get into a 20/21-like state of regular news flow to build momentum and keep eyes, interest and money flow. I too, hope we see some other heavy hitting news between now and Ph1a readouts, because I don't think sites opening in quarterlies is going to move the SP dial. The more we drop, the longer it takes to reclaw back that lost ground.
RAC Price at posting:
97.0¢ Sentiment: Hold Disclosure: Held
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