I like this scenario, hopefully it doesn't drop shortly after.
I wonder if some of this price increase is from smaller institutions buying on market. I read somewhere that larger funds can't buy a stock unless it's on the ASX300. With the way the price is going, RAC should make it into the next ASX300 rebalance. This will draw more attention to RAC as investors in these funds become aware of the company. It could go either way, but I'm betting on further price increases when the rebalance happens.
RAC - Charts & Price Action, page-3378
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