"Hi de Hi campers" What a lovely day for a bit of panic selling.
Yes - "Cups" formed. Pretty straight forward looking after the fact ... E Wave 3 (of 5) would appear to be at 49c, making the handle (4) before the rally (5). Seems obvious now.
Projection - JaneD was close ... "To measure the next target price, just measure the distance between the bottom of the cup and the bottom of the handle, and place that on the breakout level of the handle... and that will be your price target." Theoretically - add it to the top of the cup ... if the handle bottoms at 34c, the projection is roughly 78c for E Wave 5. If it goes lower in the handle the target reduces similarly.
34c is a nice support level and it's already stalling there.
Next one is 31
Tell you what ... I think it's a buy!
RAC Charts, page-930
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Last
$1.79 |
Change
0.010(0.56%) |
Mkt cap ! $304.2M | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.80 | $1.78 | $106.4K | 59.41K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 600 | $1.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.83 | 10000 | 2 |
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| Last trade - 15.57pm 30/09/2024 (20 minute delay) ? |
| RAC (ASX) Chart |