Some significant movement upwards today. $3.79 at the time of my comment.
An extremely important closing target of the 3rd Level Resistance point 3.743 coming up today.
Predicted a breakout correctly on the 28th of May based on converging triangles formation and momentum is continually compounding in a similar fashion to RAC’s 1 year run.
Absolutely incredible stock charting wise, thanks to the low SOI and tightly held register by shareholders waiting for buyout and (assuming to be) continually topping up, as well as nothing but positive news.
The drop to $2.97 is becoming a distant memory for me, and a regrettable one for not averaging down.
What makes or breaks this next run will be the direction of the SP when news drops, if the short term MACD peaks even higher this run and how it handles the $4.2 resistance again. Looking forward to the next 4 weeks.
RAC - Charts & Price Action, page-6366
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Last
$1.61 |
Change
-0.055(3.31%) |
Mkt cap ! $273.4M | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.68 | $1.61 | $271.5K | 166.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1996 | $1.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.68 | 1305 | 2 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |