Trendline still intact, and the depth is looking alot healthier with big buys stacked at 4.1 and 4.5c. Not much on sale after 5c.
Volume is also not insignificant, with that initial spike to 5.8c, now pulling back to mid to high 4c area. Feels like accumulation at these levels. Those huge buys were not there a few weeks ago!
Here is my very basic TA:
Disc: My average is 4.2c and I await:
-News regarding deal with MYQ
-Cannabis licence that was applied for, outcome due within 6 weeks.
Going to be an interesting few weeks for these catalysts. Have faith in Boyd, given his track record with Sonic Health!
A little info for those interested:
info from: https://documents.uow.edu.au/~bmartin/dissent/documents/health/sonic.html
Please DYOR.
