PAR 15.1% 22.5¢ paradigm biopharmaceuticals limited..

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  1. 184 Posts.
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    Not much data to work with at these lofty heights. Very bullish action yesterday tho. The buy side was dropping to 400k buyers and sell side getting bigger to 200k sellers early morning. Seemed to be a bit of bear trap as it completely swung around within an hour about midday. I think it was 750k buyers to 50k sellers at one point there. Not only was top of 3.03 blown away but it was done on very good volume. 3.03 should act as decent support for now. Also you can see a few days ago there was an attempt to scare shareholders out of their stock when the price broke below 2.82 and looked to be closing the gap at 2.59. The volume and price action since then confirm it was an intraday shakeout. It's why stop losses could be dangerous on this stock. I prefer to monitor manually. I remember telling a friend this should be 3 dollars by Xmas and we are already there, whats next? I think 4.50-5.00 is reasonable.

    https://hotcopper.com.au/data/attachments/1755/1755972-c17901ebacb31283ff45e59eeb3804de.jpg
 
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