BOT 2.70% 38.0¢ botanix pharmaceuticals ltd

Ann: BTX 1503 End of Phase 2 Milestone with FDA, page-109

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    I agree on you of BOT has a long long way to go. But yesterday might not be the end of the story. I am not a chart guy but weekly BB and MA ADX are very interesting at this stage. It is the first time that SP stands above the middle line of BB and also is the first time that MA ADX turns to green since Oct LY. Based on how the price went with these indicators, I personally believe it was a kind of tactics to scare and wash all no-confident investors and short term gainers out. Combine with the insider trading theory people are commenting, the upward channel could be just opening and “insider traders/investors” might have some clue where it could reach in next few months so they need to make some noises to accumulate as much as possible and also get rid of all interferences. If the SP in next two weeks can stand above 0.05, I think it won’t be far away from the quick recovering to 0.1. Cannot say anything about Anti-Microbial based on BOT’s trail failure history, but 0.1 should be foreseeable.
 
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