RAC - Charts & Price Action, page-4817

Great end to the day with the price ending just outside the Keltner Channel, this is all normal with Race Oncology, as many long term holders here will acknowledge swings of this nature do occur. Trade today took us into the lower half of the Keltner Channel and allowed many to top up at $3.70. We traded for most of the day in the Keltner Channel, and can only be described as part of the accumulation phase. The lower Bollinger Band has reached the Keltner Channel the upper band is still falling and further contraction can still occur. There are a number of factors in play at the moment, pending news and sell down of shares both of which will have some sort of influence on the market, making it very hard to predict what the out come will be. It is possible we will see the price drop into the Keltner Channel over the next few days giving further opportunity to accumulate. With the pending news expect a bumpy ride when it breaks as the market tends to lag as investors absorb the information and traders sell into the news.


In conclusion this accumulation phase may be very short depending on what factor come into play with the run up to the end of the First Quarter of 2021.

Enjoy your buying with any luck a few more bargains will be throw at us in the coming days.


all the best


FireflyOne
The writer's opinions are his own and do not constitute financial advice in any ways.Nothing here constitutes an investment recommendation nor should anything written here or published by myself be relied upon for any investment activities.I strongly recommend that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.