Estimated March 16th share price of ~$4.98.
Ovarian breast cancer results released 23rd of Feb led to a $1 gain (33.6%) over 6 trading days. Note: the crossover of the MACD indicated by the red arrow bottom left.
Breast cancer results (extremely more valuable) released 9th of March. If percentage increase follows that of ovarian, it indicates a price target of close to $5 on the 16th of March. Note: the crossover of the MACD indicated by the red arrow on the bottom right.
Also, the patterns immediately after the release of the results are almost identical. A massive price rise followed by a retreat back and then movement back up to challenge the previous high. Let's see where this goes from here.
Also, I would like to add that my previous analysis looking at RACs historic price movements is more than likely off. While this means I was incorrect and that looking at historic price movements has not afforded me official tea leaf reader status, I can infer this: based on previous price movements, the current price movement of RAC is accelerating at a rate faster than previous price movements. That information is valuable.
All IMO - DYOR.
Estimated March 16th share price of ~$4.98. Ovarian breast...
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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 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |