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$1.71 race oncology ltd

Hi @Smouldering... yes been watching this one closely again, the...

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W3hunter

14,074 Posts.

7806

16/11/21

15:15

Post #: 57614594
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Originally posted by Smouldering ↑

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.

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Hi @Smouldering... yes been watching this one closely again, the health sector picking up a little bit lately..you never know!...price is still getting tighter and tighter, only 22c either way of $3.30 now...but I`m thinking it would need to be a significant break of one of these.

RAC Price at posting: $3.45 Sentiment: None Disclosure: Not Held
21 Upvote

0 Great analysis

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(20min delay)
Last $1.71		Change 0.010(0.59%)		Mkt cap ! $291.3M

Open	High	Low	Value	Volume
$1.76	$1.79	$1.66	$307.6K	176.7K

Buyers (Bids)

No.	Vol.	Price($)
1	615	$1.62

Sellers (Offers)

Price($)	Vol.	No.
$1.74	609	1

View Market Depth

No.	Vol.	Price($)
1	615	1.620
1	12000	1.615
1	20000	1.610
3	21625	1.600
1	1279	1.555

Price($)	Vol.	No.
1.735	609	1
1.800	13808	4
1.820	4000	3
1.830	4000	1
1.850	14401	2

Last trade - 16.10pm 02/09/2024 (20 minute delay)

RAC (ASX) Chart