RAC - Charts & Price Action, page-38

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Hunterr

5,365 Posts.

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14/07/20

21:22

Post #: 45865293
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Originally posted by Rossi70 ↑

Hi Titans19,

I would like to make 2 point's.

No. 1 - If Race dose not, sign a partnering deal with COH.
Unfortunately our share price will fall.
By the time you have blinked your eye lid, 150 trade's will of gone through and pushed the share price much lower than what, it is currently.

No.2 - Race is currently in the Oversold Territory, sitting at 80.27, on the RSI.
On the another post that @EWexplorer mention an Spinning Top.
This can be seen as Neutral, but like I said before, that the RSI is over brought.
Our share price, will fall.

So what I am trying to say, that if we don't get a partnering deal with COH, the market will not like it.

Remember, nothing goes up, in a straight line, unfortunately it must do a pull back.

Hope fully we do get a partnering deal with COH, as it will benefit, us and it will bring our Super Drug Bisantrene to the market a lot sooner.

Just remember, that I have been in RAC for around 12 month's and I have no intention at selling 1 share, waiting for the big pay day, to arrive.

IMHO.

DYOR.

Regards

Rossi70

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I must of missed that memo where we might be partnering with COH I have not heard nothing of the sort,
Or even counting on it
all I know about COH That they are doing research on our drug Bisantrene for FREE no cost to RAC.
So I don’t think a lot of people are counting on partnering with COH.
At the end of the day we closed green and we closed above one dollar there was always gonna be a pull back at some stage no one really knows when that’s gonna happen tomorrow could pull back also or could push through that dollar 17 mark again and go to $1.50 the point I’m making is if you believe in the drug you believe in the management who have not let us down at all then you’ve just answered your own questions and I’m not referring to you I’m referring to anybody reading this post that’s considering holding on or not.
Like I said in my One of my last post’s
I sold A2m for $1.20 just to see it get to wherever they are now through the roof.
I will not be making the same mistake now because we have a product that potentially will dwarf A2 milk share price.
In a short time,
I have no doubt before the end of the year if COH come out with the findings that show Bisantrene working on its own or with a combination with another drug we will see $3 dollars $4 easy.
Not including other announcements that are a C will come out with.
Not only I have no intention of selling I’m not even hardly looking at it during the day.
As I am not concerned one bit about this stock

RAC Price at posting: $1.02 Sentiment: Buy Disclosure: Held
23 Upvote

3 Great analysis

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