BTA 0.00% 57.0¢ biota holdings limited

bta charts - recent trade analysised , page-28

  1. 3,344 Posts.
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    Its not on the Daily 74.5c is the gap on it. $1 was critical resistance, this could now go to about 64c next resistance.
    I know the numbers and it does not make sense, but thats what could happen from a technical perspective.

    Crazy things can happen in crazy markets like we have today.

    From a more positive perspective a good announcement, i.e. $100m cash in the bank (that should be out by now), Lani licence completed with juicy payment, and positive update on Relenza sales could drive the price much higher.

    I have sold today, time will tell if I made the right decision, but have to stick with my rules.
 
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