RAC, Posted this on the threads and thought it might be one for the watchlist. I bought back in today at 3.54 The half way point between the low of 2.97 and high of 4.04 was 3.505. The SP hit 3.48 intra- day but it has not closed below 3.51, this level proving to be strong support. There is also falling volume as the handle played out. Several doji'/spinning top indecision bars followed by a an inverted hammer then a hammer to finish today was a good effort to finish 2.3% up on a red day. It might be making a decision here, has broken that falling wedge. I think the C&H is still in play here.
The short term MMA's are bouncing off the 50, which is sitting at 352.5.
