As much shit as I give TA and I do not like it one bit of course it can be used because people make it happen they see a so called pattern then for fill what they are seeing with help from others.
RAC although has proven at time to for fill some of thes patterns RAC is really not a good stock for TA compared to other stocks.
RAC is better as a fundamental stock and following TA with RAC will catch a lot of people out and on top of that it's not a stock that trades heaps.
Over the years i have see and new when the SP will go down but I held tight call it stupidity or loyalty.
For now it seems stupid I did not sell to secure some profits but I hope my loyalty pays off.
Really good time are on the horizon I believe and I can't wait.
RAC Price at posting:
$1.28 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)