BOT 1.43% 34.5¢ botanix pharmaceuticals ltd

Bot Chart, page-10103

  1. 57 Posts.
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    Here, I've dropped it to the hourly for you. H&S patterns do not need to be symmetrical.
    https://hotcopper.com.au/data/attachments/5705/5705006-d1ee8aa0c46c8810274c011c48eb944f.jpg

    Circled are Volume upticks on the move up. Expect a volume uptick on the way back down to retesting 12.5 cents.

    Here's a quote below which explains what you'd look for as warning signs to confirm the H&S:

    "volume during the advance of the left shoulder should be higher than during the advance of the head. Together, the decrease in volume and the new high of the head serve as a warning sign. The next warning sign comes when volume increases on the decline from the peak of the head, then decreases during the advance of the right shoulder. Final confirmation comes when volume further increases during the decline of the right shoulder."
 
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