I am smelling the formation of multiple bottom pattern with 2.92-3.0 range as bottom, just like the one seen at 1.62 three months ago down from former ATH 2.29
Yesterday low 2.98, today.low 3.0, this is higher lows!
1.62 is 70.75% of 2.29 high
2.98 is 70.45% of 4.23 high, whist 2.99 takes 70.75% of 4.23.
If this round of correction has the similar ratio to that from 2.29 down to 1.62, I intend to think of 2.99-3.0 as the average lowest point for this correction.
If 2.98 cannot be revisited tomorrow, it would be a.perfect chance for me to scoop cheappies
RAC - Charts & Price Action, page-5193
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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 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |