LOL. So they were the ones who bought my trading parcel yesterday at 12.42. That was the 1 to 1 extension of the impulse move from the low of the day. TA works (sometimes).
Anyway, good to see they didn't need to boost the SP on a negative biotech day with too much buying. Tbh, I don't know how they decide how much to buy given they are often paying at the high and low of day. If the stock ran, I assume they would have chased it a little more given those might have been near term lows. But they obviously don't want to initiate the drive up as it defeats the purpose of the low BB price.
So we need some big money chasing this in the next few days to validate funds are excited about the new indication. Yes, no rush to maybe buy given the long time for any outcomes/next steps (as well as current risk off environment) but I would like to see at least some backbone in the SP to discourage shorting and perhaps some covering. That would flip the algos in the other direction.
Keen to see any broker updates if ppl have access.
NEU Price at posting:
$12.01 Sentiment: Buy Disclosure: Held
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