Australia's largest stock trading and investment forum Australia's #1 stock forum

RAC

Click for more information

0.00%

$1.26 race oncology ltd

Thank you... very informative.. I'll wait then

First 20632 Last

Share
Profile

Follow
vincenski

3,200 Posts.

31

27/04/24

14:40

Post #: 73537354
Share

Originally posted by slick: ↑

I don't do numbered targets as all that creates is a mental bias and general BS. Keep it as simple as you can IMO, currently the SP is in a 13 day mini downtrend printing reds and MACD indicating that momentum is still falling further.
Therefore a realistic and potential (your words) entry will present when both the MACD reverses back to the positive and green candles are printing. Don't even try to put a number on it, it will happen when it happens, sit on your hands until it does. IMO

Hourly chart best describes it. You really want to see the left hand side where the candles are dominated by big greens with the yellow 8ema above the 20ema not like the right hand side dominated by reds and the 8ema below the 20ema.

Sorry I couldn't put a number on it but charting doesn't do that, we need to wait until the buy signals are presented.

Cheers.

Expand

Thank you... very informative.. I'll wait then

RAC Price at posting: $1.31 Sentiment: None Disclosure: Not Held
4 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 306 more messages in this thread...

First 20632 Last

Add RAC (ASX) to my watchlist

(20min delay)
Last $1.26		Change 0.000(0.00%)		Mkt cap ! $209.4M

Open	High	Low	Value	Volume
$1.26	$1.26	$1.26	$2.641K	2.096K

Buyers (Bids)

No.	Vol.	Price($)
1	544	$1.22

Sellers (Offers)

Price($)	Vol.	No.
$1.26	510	1

View Market Depth

No.	Vol.	Price($)
1	544	1.215
1	1526	1.210
2	12000	1.205
5	20486	1.200
2	1808	1.190

Price($)	Vol.	No.
1.260	2610	2
1.290	9740	1
1.295	5256	1
1.300	13081	4
1.320	1000	1

Last trade - 10.06am 09/05/2024 (20 minute delay)

RAC (ASX) Chart

SPONSORED BY