BOT

16.9%

38.0¢ botanix pharmaceuticals ltd

Bot Chart, page-13755

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WOLF73

80 Posts.

11

14/07/24

19:53

Post #: 74748157
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Originally posted by jakedauncey: ↑

The below chart could be added to a technical analysis book.
- Nice pattern,
- Volume dropoff
- Break
- Large daily volume breaking the reducing volume pattern
Hard to predict where this heads now, fomo strength seems to have kicked in. Volume buys were seen the entire day right up until close and finishing on the high, the hourly below shows volume quite consistent throughout the day which tells me the buying isnt done yet, and it tells me whoever is buying didnt mind buying higher - meaning they also agree this move is not finished.

Another key point is the Biotech ETF also breaking out on the weekly with strong volume. This is the best the health sector has looked in years and BOT is positioned to capture alot of this tailwind.

40c is the next line of resistance, so lets see how it plays out there. The move is still young and I'm not one to make predictions this early. However I will highlight the below points which could take this alot higher in the next two weeks alone,

- US lead in looks good over the weekend, like it or not, trump is good for the markets and todays events has seemed to lock in his place as president in the near future, thats what the polls are saying anyway!
- ETF on the move with volume - if you filter over 300m market cap and price % moves from high to low I think 4 out of the top 6 on friday were biotechs. Its the hot sector right now and where the smart money will be playing.
- Bot technical breakout from high probability pattern
- Bot volume
- Bot Finishing on high of day
- ASX XJO breaking out - this is a big one
- Possible announcement - just a guess here but a few of you have made good points on a progress announcements / tech side

Id like to see tomorrows candle play out like $CU6 did on friday (Lots of similarities in the chart). Heres to hoping.
Will touch base again when theres more to share

Jake Dauncey

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Refreshing to see a chart and some analysis on a charting thread. Top job

BOT Price at posting: 38.0¢ Sentiment: Buy Disclosure: Held
12 Upvote

0 Great analysis

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(20min delay)
Last 38.0¢		Change 0.055(16.9%)		Mkt cap ! $687.8M

Open	High	Low	Value	Volume
33.0¢	38.0¢	33.0¢	$7.103M	19.63M

Buyers (Bids)

No.	Vol.	Price($)
5	134000	37.5¢

Sellers (Offers)

Price($)	Vol.	No.
38.0¢	650314	19

View Market Depth

No.	Vol.	Price($)
4	132500	0.375
3	7752	0.370
2	24000	0.365
1	4166	0.360
3	59669	0.355

Price($)	Vol.	No.
0.380	502144	15
0.385	164500	4
0.390	276986	11
0.395	750000	5
0.400	660032	20

Last trade - 16.10pm 12/07/2024 (20 minute delay)

BOT (ASX) Chart

Bot Chart, page-13755

Almonty locks in govt agreement for tungsten oxide plant in South Korea

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Bot Chart, page-13755

Top Stories

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BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News