if this really is manipulation, then it wouldn’t be surprising to see a plunge in Share price to start the day tomorrow. That’s what I would do if I were a big dog with big cash trying to push the price down to accumulate - the sell off seems to have made a few a bit jittery.
The price jump and turnaround really took the gloss off what I thought was a good, and unexpected, announcement of a new NED. Also think the appointment is a good pointer to the expected announcements being positive in next few weeks - quality appointments such as this would do good diligence IMO.
RAC - Charts & Price Action, page-3551
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Last
$1.94 |
Change
0.055(2.92%) |
Mkt cap ! $330.4M | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.96 | $1.85 | $333.0K | 174.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3105 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.95 | 7574 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |