I too was hoping it would bounce off 88c. I actually had a buy order in at that price but pulled it and put the money in MSB instead - mainly to diversify and they're expecting an FDA read out in the coming month(s). The SP appears to be hovering above 88c now but it could continue to head south, I'm not a TA so don't know.
Looking at W3's chart though, I will put another order in around the mid-70c area and hopefully be able to grab a few more. Should have a little bit of funds to play with by the time / if it gets to that. If it does go there, I imagine some ST holders like Rory above will sell which will give longs a chance to gain more exposure. I believe in the RAC story, and trust the management team - unlike some biotechs on the ASX.
RAC - Charts & Price Action, page-301
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Last
$1.22 |
Change
-0.010(0.81%) |
Mkt cap ! $202.7M | |||
| Open | High | Low | Value | Volume |
| $1.26 | $1.26 | $1.14 | $381.6K | 320.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7000 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 2171 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.17 |
Change
-0.010 ( 5.54 %) |
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| Open | High | Low | Volume | ||
| $1.23 | $1.23 | $1.14 | 48407 | ||
| Last updated 15.52pm 03/05/2024 ? | |||||
| RAC (ASX) Chart |