The transaction you point out looks like an accumulation manoeuvre, which is interesting.
Yes. Exactly. I have spent years trying to figure out the algos and the shorts and the TA. I love it!
But I wish I could get it right more often ... lol. I use a simple theory now that works more than it doesn't ... TA rules!
Pretty certain yesterday was just a T+2 or DT, sell-off from the failure to go higher after open, compared with the day prior.
We'll see today. Same for the other one. Both probably hit support.
If DrG is still selling we'll know by lunch-time today as I reason the traders will be gun-shy for a while.
RAC - Charts & Price Action, page-5505
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 (20min delay)
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Last
$1.22 |
Change
-0.010(0.81%) |
Mkt cap ! $202.7M | |||
| Open | High | Low | Value | Volume |
| $1.26 | $1.26 | $1.14 | $381.6K | 320.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7000 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 2171 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.17 |
Change
-0.010 ( 5.54 %) |
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| Open | High | Low | Volume | ||
| $1.23 | $1.23 | $1.14 | 48407 | ||
| Last updated 15.52pm 03/05/2024 ? | |||||
| RAC (ASX) Chart |