RAC - Charts & Price Action, page-9873

Hi every one, been a while since I passed comment on the RAC charts.

The main reason is the ongoing war between the buying and seller bots have muddied the waters to a point where charts have very little meaning.

In a normal market the Bollinger band inside the Keltner Channel would have me very excited. I only see it as an indication that the current market is too controlled and nothing else.

Until the selling stops very little can be predicted as to when the next break out over $4 will occur.

We need normal market forces to return so when the big announcements come, the market can run, not be knocked down by bots wanting to keep the price in check.

My current chart is below



all the best

FireflyOne
The writer's opinions are his own and do not constitute financial advice in any ways.Nothing here constitutes an investment recommendation nor should anything written here or published by myself be relied upon for any investment activities.I strongly recommend that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.