Hotcopper,
This is my first post, and I hope not my last. I Bought some ahz in december (@14 cents), I bought because of Ian Frazer, the man is saving 2.5 million women a year and i think that is a great thing. I think this man has the potential to achieve even more.
I am however pessimistic about biotech stocks and their potential, there seems to be a large amount of speculation around them without much thought for fundamentals.
My question is: Without any real revenue coming in, why is the SP increasing ? (I understand the technology has great "potential" but there are many companies with a much lower market cap with IMHO technology that could be just as much "potential". )
I will be holding this stock until this anticipated "breakout" that everyone is talking about, and the charts do seem to be indicating.
Technical Analysis:
BULLISH SIGNS:
The On Balance Volume indicator- the slope of the indicator is positive and suggests that there is considerable buying interest.
AHZ is trading above its 200 day moving average.
-There is added weight to this indication because the moving average is rising
The MACD is above the signal line, a 9-day moving average.
- ALSO the MACD is above 0 which implies that the underlying moving averages are trending higher.
The %K line is above the %D;
Bearish Signs:
AHZ is trading near its upper Bollinger Band®. This suggests that the stock price is high relative to its recent price action.
------------------------------
I am by the way a student who has only been looking at the share market from NOV 22nd. Do not take me as someone with a large wealth of knowledge, i am just trying to learn and make a few bucks along the way.
My exposure is minimal and am waiting to spend the majority of my savings on Day trading once i have much more experience.
Kind Regards
Sam Sydney Australia
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Last
$11.50 |
Change
0.000(0.00%) |
Mkt cap ! $243.1M |
Open | High | Low | Value | Volume |
$11.50 | $11.50 | $11.00 | $344.4K | 30.43K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 500 | $11.30 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.50 | 4417 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 11.300 |
1 | 458 | 11.220 |
1 | 500 | 11.200 |
2 | 980 | 11.100 |
1 | 1000 | 11.010 |
Price($) | Vol. | No. |
---|---|---|
11.500 | 4417 | 1 |
11.830 | 500 | 1 |
11.850 | 164 | 1 |
11.900 | 1000 | 1 |
12.000 | 500 | 1 |
Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
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