RAC - Charts & Price Action, page-5755

The shenanigans are back with an attempt to push us down to the 2nd Support Point $3.15. just on close of the market.


Before I go any further, today was a typical fall back from a price spike, which may have been oversold at the end of trading which is good for those lucky enough to have picked up a buy at this time.
The Bollinger bands remain mostly unchanged The closing price finished in the lower half of the Keltner Channels.
We seem to now be looking at a repeat of last weeks games where sellers quotes below $3.20 will be few and far between and our big seller will again withdrawl from the market. Volume was half yesterdays spike which was to be expected.

As for tomorrow we should see attempts to pull the price lower as persons wishing to accumulate try to control the market. I believe this strategy did not work last week and the only way to gain further shares is to let the price move above $3.25 as our large seller will re-enter the market and provide volume. 1st Resistance Point is $3.32 if breached volume will greatly increase.


That it for me enjoy the buying the next leg up is fast approaching.

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.