I would be a little careful about chart interpretations. Fundamentals some times come into play.
The pull back you mentioned could have been influenced by the announcement of the Prospectus for the issue of $47 million of ADR's.. This was compounded 2 weeks later with a further announcement of the delay in REACH trial results. The (up till then) rampaging SP took a huge hit over this period. I don't see such a scenerio unfolding atm.
IMO, an Appendix 3B for the issue of a chunk of those ADR'S, is the principal risk to the SP taking a hit pre upcoming REACH results.
Ann: Appendix 3B , page-24
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