RAC

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Thanks Mason, really good look into the runs and retraces....

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strateg1c8

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15/02/21

12:10

Post #: 50990735
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Originally posted by Mason14 ↑

An interesting relationship that I have observed with the SP:

It appears that each major price run has been getting longer and larger (by price movement comparison in $ and not %), which completely coincides with the severity of each MACD divergence, steepness, and peak.

The duration of the run has increased from 10 to 30, 60, and an estimated 100 days positive bull run. This has been estimated and extrapolated from the difference observed between the last positive runs. Difference between duration of run 1 and 2 - 20 days. Difference between duration of run 2 and 3 - 30 days. Thus, difference between duration of run 3 and 4 - estimated 40 days, indicating that 60+40 = 100 days.

Also, what can be noted from the graph is the time in between each bull run is getting shorter and shorter. Between run 1 and 2 is 112 days. Between run 2 and 3 is 92 days. Between run 3 and 4 is 57 days. Provided news flow remains positive, this indicates to me that price movements will continue to become positive more frequently and consolidate less frequently until we approach a fair value.

The SP rose $0.16 on run 1, $0.77 on run 2, and $1.40 on run 3. I have taken the last two major runs as an indicator of macro price movements and have extrapolated that this run could be roughly $2.80 when complete. This provides an increase of roughly 161%, which is below the percentage increases of run 2 and 3, but follows the general trend of decreasing percentage.

I have estimated that we will be approaching an approximate share price of $4.50 by mid May, but anticipate that this is a conservative number.

All IMO.

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Thanks Mason, really good look into the runs and retraces. Confirmed for me that this should easily get (and stay) above $3 this week. I know in the long term $3 will seem extremely cheap, but frustrating games played on market to keep the SP below true value.

RAC Price at posting: $3.02 Sentiment: Buy Disclosure: Held
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Last $1.83		Change 0.020(1.11%)		Mkt cap ! $310.7M

Open	High	Low	Value	Volume
$1.81	$1.83	$1.79	$142.0K	78.77K

Buyers (Bids)

No.	Vol.	Price($)
1	500	$1.81

Sellers (Offers)

Price($)	Vol.	No.
$1.83	641	1

View Market Depth

No.	Vol.	Price($)
1	500	1.810
3	7009	1.790
1	450	1.780
2	16392	1.770
2	1018	1.765

Price($)	Vol.	No.
1.830	558	1
1.840	4000	2
1.845	2746	1
1.860	1000	1
1.870	1200	1

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RAC (ASX) Chart

Thanks Mason, really good look into the runs and retraces....

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Thanks Mason, really good look into the runs and retraces....

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