Bot Chart, page-1037

I sold today at 27c after initially buying in at 5.1c about three years ago, this has a long way to go over the medium term especially if the phase 2 results are positive so although there is a lot to like here I looked at the market cap and started to wonder how much short term success is starting to get baked into the price already when we are still a couple of months away from the first data read out for acne and how sustainable this recent run up is in the short term while we wait for those results.

After today’s set back a lot of new holders that bought > 26c are sitting on paper loses, which I think is going to act as resistance over the short term especially if it dips a little lower before the end of the week so I will be spending some time on the sidelines and looking for a cheaper entry in the next few weeks once the day traders move on and some heat comes out of the price.