STTCOMP PXS, TA Long
Pharmaxis Ltd
Pharmaceutical Development
MC: $96M
Cash: $25M
Recently put in a new 52 week high. Since putting in the high, price has retraced and found strong support at the 38% Fib retracement. The pullback has been made on decreasing volume. Multiple bounces off the support indicates strength. RSI has had a chance to cool off. Ready for another assault on new highs.
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