"However a slight pull back from here in the absence of any news, would also be a buying opportunity."
Wasn't having a dig, just a curious statement.
Anecdotally, I've spoken to a lot of people looking to buy 'the retracement' (most were too spooked below $1) and only a couple looking to sell near term (and only to fund options). Not sure where this volume is going to come from to allow everyone's entry. Any time we lose momentum, selling volume falls off a cliff. Same thing happened today when we touched the 8MA before we closed in Jabra's 'resistance zone'. The same zone we wouldn't see again until $1.15 was tested...
I'll go out on a limb and say this is the retracement. There's very few 'trapped buyers' between here and ~$2. Has to be the target before the month is out.
- Forums
- ASX - By Stock
- RAC - Charts & Price Action
"However a slight pull back from here in the absence of any...
-
- There are more pages in this discussion • 631 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RAC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.55 |
Change
0.140(9.93%) |
Mkt cap ! $257.8M |
Open | High | Low | Value | Volume |
$1.43 | $1.55 | $1.43 | $419.7K | 282.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 13000 | $1.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.55 | 31081 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 13000 | 1.500 |
1 | 1750 | 1.485 |
1 | 3113 | 1.470 |
1 | 1250 | 1.460 |
1 | 16363 | 1.440 |
Price($) | Vol. | No. |
---|---|---|
1.550 | 31081 | 2 |
1.560 | 1282 | 1 |
1.575 | 500 | 1 |
1.595 | 1000 | 1 |
1.600 | 19161 | 4 |
Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
|
|||||
Last
$1.52 |
  |
Change
0.140 ( 9.79 %) |
|||
Open | High | Low | Volume | ||
$1.45 | $1.55 | $1.44 | 23501 | ||
Last updated 15.58pm 13/05/2024 ? |
Featured News
RAC (ASX) Chart |
The Watchlist
MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
SPONSORED BY The Market Online