Getting squeezy between the 200MA and the overhead downtrend line. 200MA seems to have held us up for the time being and volumes continue to be very low, but I think there is still the risk it will give way if upcoming announcements don't hit the mark in terms of expectations (even if it is generally positive).
If we get a good announcement(s) I'm anticipating a break of the line, quick back test (circa $3.50), then onwards and upwards. Will be glad to see the back of the $3 range we've been stuck in for the best part of the year!
It would be nice to get news tomorrow so the team would actually be able to share something new. I also really hope that we see a bit of hard data and some more bullish undertones and excitement in the announcements. It's my bday month, I'm allowed to ask right?!GLTAH
RAC - Charts & Price Action, page-8735
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Last
$1.54 |
Change
-0.015(0.97%) |
Mkt cap ! $261.5M | |||
| Open | High | Low | Value | Volume |
| $1.55 | $1.55 | $1.50 | $111.4K | 73.35K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $1.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.56 | 1400 | 1 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| RAC (ASX) Chart |