I'm not sure if anyone else has noticed but there is an uncanny similarity (so far) in the chart of the previous rise/consolidation and the current rise/consolidation. Both have shown ~150% increases, followed by ~50% (of the rise) pullbacks, followed by two lower highs each finding support around that 50% pullback level. Even the number of days taken for the chart to form each element of the pattern is similar. Of course the magnitude of the most recent pattern is much higher due to the higher price at the start, but relatively the patterns are very close.
They say history never repeats but if it were to happen we could see a rise up to around $7.50 with the next pullback to follow back to approximately $5.20. If the timing stays the same this would start within the next few days as the second lower high has just occurred. Not sure what the chances of this actually happening are but it would be nice!
- Forums
- ASX - By Stock
- RAC - Charts & Price Action
I'm not sure if anyone else has noticed but there is an uncanny...
-
- There are more pages in this discussion • 16,417 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RAC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.66 |
Change
-0.020(1.19%) |
Mkt cap ! $282.8M |
Open | High | Low | Value | Volume |
$1.67 | $1.67 | $1.61 | $153.5K | 94.75K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | $1.62 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.67 | 4080 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 1.615 |
1 | 613 | 1.610 |
3 | 11750 | 1.605 |
10 | 117991 | 1.600 |
1 | 6329 | 1.580 |
Price($) | Vol. | No. |
---|---|---|
1.670 | 4080 | 1 |
1.680 | 10129 | 3 |
1.690 | 4628 | 1 |
1.700 | 2574 | 2 |
1.720 | 580 | 1 |
Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
Featured News
RAC (ASX) Chart |