RAC 11.5% $1.61 race oncology ltd

RAC - Charts & Price Action, page-366

  1. 5,727 Posts.
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    Ritzy ... not really a flag but near enough IMO. Flags are generally more predictable as sharply downward sloping on a flag-pole type rise.

    Take a look at 6th May where it topped at 39c. I'm wondering if we're going to get a sideways movement like that with shallow basins until another flag-pole takes us to a new high on news. Just like there but maybe without the new high.

    Either way ... Friday was the first green Heikin Ashi candlestick after ten red ones. Bollinger Bands squeezing ... upper BB now 1.11. Bounced up through RSI 50.

    Be nice for another few days wobbling around sideways. May even test the lower recent support again.

    All good IMO, gaining strength before the next run.

 
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