It went lower than ideal so this most likely needs to form up a proper base still which means this rally will likely get sold again at some point.
While there are rules on how these things work, of course not everything follows the rules so nothing to say it can't just keep going up from here, it's just not the most probable outcome imo
RAC - Charts & Price Action, page-20927
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 (20min delay)
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Last
$1.90 |
Change
0.115(6.44%) |
Mkt cap ! $323.5M | |||
| Open | High | Low | Value | Volume |
| $1.84 | $1.95 | $1.82 | $1.071M | 572.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10605 | $1.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 4999 | 1 |
View Market Depth
| Last trade - 16.10pm 11/06/2024 (20 minute delay) ? |
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Last
$1.89 |
Change
0.115 ( 9.37 %) |
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| Open | High | Low | Volume | ||
| $1.85 | $1.94 | $1.82 | 55841 | ||
| Last updated 15.58pm 11/06/2024 ? | |||||
| RAC (ASX) Chart |