re: Ann: USA FDA Grants Orphan Drug Status fo...
Well there you go. IMO the long legged doji of yesterday was caused by the "stale bulls" selling into the beginnings of a re rating of this stock by the market.
This afternoon they ran out of puff and the rerating is now in progress and an uptrend confirmed.
The doji would had also caused chartist and traders to wait and see how it went today for confirmation, and what a powerful one we have seen today, (A very powerful marubozu candle for those interest).
Still dragging the chain so I am expecting more investors to take a position in the next few days before we begin the zig zag pattern upwards.
As Paprika aluded to, the weekly chart ( a measure of human sentiment) is likely to look awesome come the weekend.
A lot of petrol in this ones tank.
IMHO DYOR
Oscar
PAB Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
