The order book looks great. However, RAC remains stuck at the $3.00 psychological barrier (the same happened for some time yesterday when SP was at $2.75 and had to wait next day for things to move).
IMHO, this shows the longs are very bullish on fundamentals, but they know that eventually, the SP gets suppressed by big seller/bots/call it what you want. And so, they get cautious and will only buy tactically. This is why I strongly believe our big seller makes a big impact on long term SP (despite the fact their sales may make up only 15% of the overall trades).
Fingers crossed, things should get a lot better in Q3 once big seller is running out of shares.
The order book looks great. However, RAC remains stuck at the...
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 (20min delay)
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Last
$1.57 |
Change
-0.045(2.80%) |
Mkt cap ! $260.3M | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.60 | $1.55 | $94.33K | 60.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1250 | $1.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.59 | 5000 | 1 |
View Market Depth
| Last trade - 14.37pm 16/05/2024 (20 minute delay) ? |
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Last
$1.56 |
Change
-0.045 ( 1.17 %) |
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| Open | High | Low | Volume | ||
| $1.58 | $1.59 | $1.55 | 8174 | ||
| Last updated 14.21pm 16/05/2024 ? | |||||
| RAC (ASX) Chart |