So as you requested and this is the chart and price action thread.
You need to take a closer look at the R.S.I.
As it stand's at the moment, Race share price of $1.28, if we where to get to 70% RSI, we should be at $1.608.
But as our share price starts to rise's due to F.A. you will see the R.S.I. increasing also.
We all know, what announcement will come our way shortly due to dosing of patients, but we all don't know what unexpected announcement will be dropped.
So I always keep an eye out, at the R.S.I. and you will find that as our share starts to climb, also the RSI will follow.
The $10 share will come, but at the end of the day, it is up to the market to decide or more so the ASX casino.
The 70% RSI to me is the 1, I like to use, the 80% RSI is just a tease.
I firmly believe RAC turn to shine, will come, the Ice berg analogy, is some thing that we shouldn't take it as a Joke.
IMHO.
Regards
Rossi70
RAC Price at posting:
$1.28 Sentiment: Buy Disclosure: Held
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