Seeing that the range of the price and the MACD are both converging, I think he'd be keeping an eye on it.
TA perspective - waiting for a break of this massive converging triangle and reducing volume.
Bullish scenario: a break above $3.52 (higher high), then a break above this converging triangle, and a break above the $3.7 fib resistance (62% from $4.23 to $2.86), all on volume bigger than that day RAC reached $3.7 on early November.
Bearish scenario: a break below the converging triangle, then below the 200EMA.
Note that RAC hasn't broken the 200EMA since 23 August 2019.@W3hunter RAC may have had a weak 6 months but you've at least got to say that RAC has been the best performing stock in the entire ASX in terms of staying above the 200EMA!
None of the NVX's, APT's, psychedelics, CAR-T, tech, Lithium stocks have achieved this that I've observed, happy to be corrected.
Seeing that the range of the price and the MACD are both...
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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 |