No shorts reported yesterday so this dip is "organic" ... small shareholders sh$tting themselves IMO. Good - needed a washout!
And todays "real but relatively formal" news was the final straw in this small cycle I expect.
lol
The HC RAC page had gone all BS of late: fake news, speculation, grasping at straws etc Like a tabloid: A3 with colour and glossy pages. Lacking much quality of late.
Nice to see a degree of panic in the chart to settle things down ... long way from a low RSI though ... needs a few posts from W3 to suggest $2.50 or lower really. Good on him for resisting the desire ... ha. SP in no-mans land and a close over $3.18 settles it down a little.
Let's see what happens and whether the shorts are zero today as reported tomorrow.
RAC - Charts & Price Action, page-9110
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Last
$1.75 |
Change
0.010(0.57%) |
Mkt cap ! $298.0M | |||
| Open | High | Low | Value | Volume |
| $1.73 | $1.83 | $1.73 | $272.0K | 152.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9998 | $1.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.79 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |