Bullish end to the week for PTX as called by many prior to breakout - great result for holders! Seems many biotech plays warmed up during the end of the week as volumes moved back in; coincidentally the last run to 30.5c occurred during September when the broader ASX saw weakness. Point being, if ASX continues to wobble, money may return again in search of promising growth stories that are primed for bigger breakout moves technically speaking...
Attaching 2 daily charts: 1 showing ascending triangle pattern breakout (as noted by other chart watchers) & 2 with more detailed Fibonacci breakout levels and cup and handle pattern.
Relative strength index is strong at 62 (noting strength of current move but also with much more room to run to 80+) and MACD has crossed into positive territory corroborating RSI and chart patterns (also much more room to run). 9 day moving average has crossed 21 day which is bullish.
Interestingly cup and handle target is 41c which is same as 262% Fib extension level.
Have a great weekend all
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Last
3.9¢ |
Change
-0.001(2.50%) |
Mkt cap ! $31.40M |
Open | High | Low | Value | Volume |
4.1¢ | 4.1¢ | 3.9¢ | $72.73K | 1.802M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 436541 | 3.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.1¢ | 560576 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 216541 | 0.039 |
6 | 432841 | 0.038 |
2 | 109000 | 0.037 |
3 | 599000 | 0.036 |
3 | 528590 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 560576 | 1 |
0.043 | 41000 | 1 |
0.044 | 120777 | 2 |
0.045 | 210000 | 1 |
0.047 | 86129 | 3 |
Last trade - 15.59pm 15/11/2024 (20 minute delay) ? |
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Will Souter, CFO
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