acrux, page-12

  1. 11,601 Posts.
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    Go Nuke - good on you for posting the chart. However I don't think the head and shoulders is appropriate in this particular instance (in many stocks it is an excellent indicator) as there have been a lot of surprises and every time there is a new product you have a somewhat binary event to a large extent.

    I think after the gap up two weeks ago the SP has been consolidating, as there are a lot of holders who have had enough and missed the recent $4 ps offering in Feb Mar. I think that ACR has just found support, and will continue to go up now that many of the sellers who are scared of missing out on a price around $4 have scampered.

    I've just bought back in, after buying and selling in the days after that gap up, when the SP didn't keep going up. When there has been a gap up after really good news, if it doesn't keep going up, this kind of retrace makes an excellent opportunity to get in again. I think the kinds of growth numbers we are seeing now are extraordinary, and not the kind of growth you would see from an ordinary product. This is looking like a total hit to me. Maybe the next quarter's Axiron sales will change my mind - we'll see.

 
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(20min delay)
Last
1.6¢
Change
0.000(0.00%)
Mkt cap ! $6.524M
Open High Low Value Volume
1.5¢ 1.6¢ 1.5¢ $9.887K 624.5K

Buyers (Bids)

No. Vol. Price($)
1 6355 1.6¢
 

Sellers (Offers)

Price($) Vol. No.
1.7¢ 20000 1
View Market Depth
Last trade - 15.00pm 26/06/2025 (20 minute delay) ?
ACR (ASX) Chart
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