BOT 3.80% 38.0¢ botanix pharmaceuticals ltd

okay so i'm not great at this and probably will be wrong, but i...

  1. 3,181 Posts.
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    okay so i'm not great at this and probably will be wrong, but i looked for commonalities and came up with the below.

    Every red circle highlights a point in time where the 20 ema sits above the 50, 100 with the 200 crossing over them all. Every Time this has occurred in the past BOT has had an increase in some cases small and in some very large. in excess of 50% or more. The runs span anywhere from 1 to 3 months in time before the price has found it's way downward again.

    We are at the very beginning of the run currently imo.


    https://hotcopper.com.au/data/attachments/5123/5123701-fabb35de81b50334d3e8cbfd80da9efb.jpg
    https://hotcopper.com.au/data/attachments/5123/5123711-3458cd5ed9f82f9f78c2d225716d1db3.jpg

    The 200ema is just about to cross over the 100ema which in the past has signaled the beginning of a rally. Whilst the past week was strong, I don't actually think we've seen the best of...barely the beginning of it tbh.

    I've also placed some lines or resistance/support at 0.105(which was taken out today) / 0.11 and 0.13 - Beyond here i think we could rally well beyond previous ATH once mid cycle review ann is out and then some once final FDA approval has been granted. i suspect the market will price in the eventual approval shortly after the mid cycle ann.

    Just my inexperienced opinion, good luck lth and newbies. marsman.


 
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