RAC - Charts & Price Action, page-4265

First of all - look how bloody beautiful that chart is! I sincerely hope each and every one of you can look at this graph and see where you got in. I'm sure there are others among us who bought before this chart starts and I congratulate you for your gains so far.

Highest ever close for RAC - $3.91

A history-based approach to charting:
So far the run that started on 2nd of Feb has honoured the trends of previous runs. The red arrow on the bottom right of the screenshot shows the MACD crossing over back towards neutral. If this run is the same as others, this event indicates to me that the mini-run two has completed its major push up - great!



What I expect from here:
Based off what has happened in the past, I anticipate to see MACD pull back towards neutral over the next 5 days, with the SP hovering around $3.80 and $4.00, after which the third run up will be in effect. However, there is currently a 15% chance that an announcement will drop tomorrow and if it does, I think we will see above $4.00 for the first time ever. Theoretically, there is very little risk that the announcements can be negative, which strengthens my view of positive price movement.

I had predicted $4.38 by mid-late April, let's hope I was conservative.



The weekly chart shows the massive move up in comparison to previous runs. I suspect that this is due to the increased awareness of our asset, the limited SOI, and the fantastic work each of us puts in to making others aware of bisantrene and Race Oncology.

Let's see if this one plays out

All IMO - DYOR