AVR 1.67% $18.30 anteris technologies ltd

AHZ Technical Analysis, page-87

  1. 2,060 Posts.
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    Great chart candle today
    Volume is depleting more every day now down to a reopen low of 1.8M (was 17M-9M-7M-4M)
    The volume tells us the short/capitulation sellers have gone and only longs remain.
    The buying is not raising the price but the selling is not collapsing it so an equilibrium has been achieved.

    today a small red bar candle with 0.1c body & 0.1c tail no wick
    the smallest candle since re-open
    nearly a mini dragonfly doji
    daily chart shows a zig zag flooring pattern at 5.2-5.3, very positive
    no arvo selloff and onscreen match very light in number and volume, very positive.

    Those who wanted to sell are gone and those who a bargain buying are doing so.

    the CR should boost cash at bank and allay fears of illiquidity
    revenues increasing to $30M from $24M very positive, global sales and a factory to boot way better than BIT has.

    This candle is supportive of a bullish rebound case when looked at in conjunction with the last few days bullish candles since the 4.8 low. A few more dragonfly dojis or small dojis/near dojis and this confirms a defined flooring pattern.

    looks a good punt imho.
 
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