Weekly chart is looking beautiful, keeps hitting the resistance level at 38c-40c. Once it can break through that then next stop is 50c. Still not seeing massive volumes on the sell side which indicates to me that people who bought in prior to the crash have sold and there isnt a huge overhang or people averaged down / are holding. Expect we may need another catalyst before hitting 50c.
Chart been making higher highs since April with some big catalysts still to come. Expecting TGA for adults in the next three weeks and ideally in the next one to two weeks. TGA have already approved children's within 5 weeks, this would be the exact same but better results - a formality and should be able to get the tick faster than the children's took.
Some points: - Children's Aus results to CE approval - around 10 months - Adults Aus results to CE Approval - around 5 months - Children's CE approval to TGA approval - 5 weeks - Adults CE Approval to TGA approval - 3 weeks? i.e. next week
FDA & any further partnerships / commercialisation will light the fire under this baby - another month wait?
RAP Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
