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28.5¢ botanix pharmaceuticals ltd

Wouldn't think there would be too many available to borrow for...

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HS1988

140 Posts.

9

13/09/19

14:55

Post #: 40414592
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Originally posted by Hingdog: ↑

My explanation for the price action is, you have a few different types of sellers at this level :

1. The regretful holder who didn't sell the first time it hit 29c and has been kicking themselves during the pullback wishing they sold and now taking the opportunity to lock it in
2. The traders who bought from 20c onwards over the past few weeks taking their profit
3. Potentially shorters betting on failure of BTX1503

So I want to see it go sideways for a few days and the volume to drop off as the remaining sellers are absorbed. As the volume drops off then buyers have to push higher to get filled.

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Wouldn't think there would be too many available to borrow for shorting.
My money's on #2.

BOT Price at posting: 26.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

1 Great analysis

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(20min delay)
Last 28.5¢		Change 0.015(5.56%)		Mkt cap ! $448.9M

Open	High	Low	Value	Volume
27.0¢	28.5¢	26.5¢	$1.349M	4.934M

Buyers (Bids)

No.	Vol.	Price($)
10	203572	28.0¢

Sellers (Offers)

Price($)	Vol.	No.
28.5¢	256687	4

View Market Depth

No.	Vol.	Price($)
10	203572	0.280
8	410550	0.275
15	638525	0.270
11	567776	0.265
16	524869	0.260

Price($)	Vol.	No.
0.285	266878	4
0.290	1064662	8
0.295	423176	6
0.300	862149	12
0.305	100200	3

Last trade - 13.52pm 08/05/2024 (20 minute delay)


Last 29.0¢			Change 0.015 ( 5.30 %)
Open	High		Low	Volume
27.3¢	29.0¢		26.5¢	2329792
Last updated 14.07pm 08/05/2024 ?

BOT (ASX) Chart

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