??? SMA20 has crossed up through 50 and 50 is about 2-3 days from crossing up through 200 ... Golden Cross.
Like before - technically due to break.
The SMA20 is right where we are now at 11.5, which is why I anticipate the bounce - but such a low visibility stock.
Good thing is ... with DrT's commentary, I assume the longs just got stronger. But those unaware of the stock need news for RAC to expand the share registry.
I wouldn't worry too much ... it's nice to avoid the hype of the normal market and just settle into a decent growth stock where the directors have a plan (beyond what we know) and strategy to achieve it (by the sound of things).
My question is, just what is that plan? I'm pondering attending the AGM on the 9th to ask in person.
RAC Charts, page-167
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Last
$1.89 |
Change
0.120(6.80%) |
Mkt cap ! $321.0M | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.93 | $1.78 | $563.4K | 302.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 108 | $1.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 4926 | 1 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |