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4.94%

38.5¢ botanix pharmaceuticals ltd

Bot Chart, page-10119

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Zeeshan

7,651 Posts.

618

02/11/23

16:01

Post #: 70693762
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Originally posted by Mkraining: ↑

The neckline actually sits at 12.5 cents which coincides with the majority of volume that’s traded in this range. You can have a slanting neckline, a common misconception is the need for a horizontal neckline. Use VRVP on trading view and look at where volume sits in this range. Something synonymous with H&S is that it traps ‘buyers’ at the neckline before forcing them to become ‘sellers’ hence the swift move down the same length as neck to head.

For my theory to play out I anticipate we break below 12.5 on and dramatically increased volume. As just mentioned to ASX there was a large dump into 13.5 just now too.

I’ll wait patiently with my popcorn and be correct at .9 or happily wrong. I know which side I’m betting on though based on the volume of this entire range.

Let’s see hey.

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you and me both.

ready to jump back in when the chart tells me to.

BOT Price at posting: 13.5¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

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(20min delay)
Last 38.5¢		Change -0.020(4.94%)		Mkt cap ! $698.4M

Open	High	Low	Value	Volume
40.0¢	40.0¢	38.0¢	$3.442M	8.886M

Buyers (Bids)

No.	Vol.	Price($)
2	26467	38.5¢

Sellers (Offers)

Price($)	Vol.	No.
39.0¢	135324	3

View Market Depth

No.	Vol.	Price($)
1	25688	0.385
22	615554	0.380
11	1830683	0.375
16	711019	0.370
12	496994	0.365

Price($)	Vol.	No.
0.390	135324	3
0.395	791868	6
0.400	1211431	16
0.405	517735	4
0.410	1221132	11

Last trade - 16.10pm 18/09/2024 (20 minute delay)

BOT (ASX) Chart