XAO 0.23% 8,243.3 all ordinaries

Short Term Trading Weekend Lounge: 2 - 4th Mar, page-160

  1. 335 Posts.
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    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.
    PXS.png
    Last edited by Nebuchadnezzar: 04/03/18
 
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