Taking a step back looking at the chart from a larger timeframe...

Taking a step back looking at the chart from a larger timeframe Please note the black vertical lines, this is were the MacD crossed. Correspondingly it was also where the SP crossed through the 9EMA found support. Likewise when the SP punched through the 9EMA is was the start of the great decline we've all been living since Jan 2022. Interestingly there is an equal amount of bars right where the MacD crossed. Always good to see indicators showing positive moves on a big timeframe like the monthly chart.






With 3 days of trading left in the month, if the 9EMA is acting as support you would think the SP wouldn't go below $1.2ish.




Adding a bollie onto a monthly is showing the Bollie median as some resistance. It'd be great to Punch through this 1.4 mark that is now proving difficult.




Finally applying@W3hunter 's opinion that the 65EMA (orange line) is Races go to support EMA you'd think with its current trajectory the SP wouldn't go below 1.30ish. Let's see if an ANN cant drop in the next few days to get us in the right direction. Todays candle says we need something.



IMO with the daily chart aside we need to sustain staying above the 9EMA on the Monthly for a sustained indicator that the SP traction is positive. It wouldn't hurt to get new large buyers on the register and see the volume grow. This indeed would indicate we are on track to go to new highs. @Kron00 's $6 call for the end of year is quite possibly in the making if RAC can keep a steady flow of news like we used to have and attracted new investors.

Regards
HL