Sure - "potential downside" will be realized if the FTO concept is a dud. But right now the current pattern looks more like a continuation triangle pattern that will get more pointy and then break one way or the other. But ?
We've had this discussion before about wave counts ... RAC has been a good candidate for EWs if you think a little TA and a lot FA, but until now the FA has surprised to the upside. That's for sure.
The more the trading is being "fiddled with" the more I anticipate the continuation pattern holds and breaks to the upside into a new "Grand Super Cycle (Impulse) Motive Wave 3". FTO ?
So either bet on FTO or against it.
The close was interesting today ... again.
1 207 4:10:42 pm 332 120 $398 1 2 206 4:10:42 pm 332 100 $332 2 3 205 4:10:42 pm 332 1,780 $5,909 3 4 204 4:10:42 pm 332 2,000 $6,640 4 5 203 4:10:42 pm 332 929 $3,084 5 6 202 4:10:42 pm 332 51 $169 6 7 201 4:10:42 pm 332 51 $169 7 8 200 4:10:42 pm 332 12 $39 8 9 199 4:10:42 pm 332 12 $39 9 10 198 4:10:42 pm 332 14 $46
RAC - Charts & Price Action, page-7250
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 (20min delay)
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Last
$1.65 |
Change
0.170(11.5%) |
Mkt cap ! $279.8M | |||
| Open | High | Low | Value | Volume |
| $1.48 | $1.65 | $1.46 | $479.4K | 307.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 950 | $1.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.65 | 11353 | 4 |
View Market Depth
| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Last
$1.63 |
Change
0.170 ( 10.6 %) |
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| Open | High | Low | Volume | ||
| $1.48 | $1.65 | $1.46 | 54704 | ||
| Last updated 15.57pm 03/06/2024 ? | |||||
| RAC (ASX) Chart |