Yep agree, posted this elsewhere yesterday and it absolutely shows that the BIO sector is at a level of resistance and at highs since 2021.
Now many might think what has this got to do with a micro cap BIO on the ASX but here’s the thing. It may have little to do with RAC in the small picture but there is a definite flow on effect in the big picture to the small lads when the big boys are running in a bullish sector.
And of course the opposite is true, why would you want to be fully in on a sector in a strong bear trend a la the past few years of Bios.
Cheers
Yep agree, posted this elsewhere yesterday and it absolutely...
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Last
$1.69 |
Change
0.000(0.00%) |
Mkt cap ! $288.0M | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.69 | $1.57 | $387.6K | 237.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 807 | $1.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.69 | 2376 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| RAC (ASX) Chart |