BOT 7.84% 27.5¢ botanix pharmaceuticals ltd

Afternoon BOTsters. Had a quick look at how you're travelling...

  1. 1,843 Posts.
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    Afternoon BOTsters.
    Had a quick look at how you're travelling chart wise, again just for fun not advice, and looking really really good IMO. Looks to me like a classic flag or triangle pattern forming nicely on the daily (main) chart with all my other criteria ticked off. Note the volume rising into the pattern and then falling as it should once inside the pattern before it rises again on the break up OR possibly down.
    The side windows show the weekly swing up (tick) and below that a bullish monthly bar (tick).
    Coming to a resolution and as flag, or triangle, patterns are considered continuation patterns I'll let you all decide which way you think it might head given the prior trend. Flag patterns are very often resolved around 2/3's into the pattern so IMO it's almost decision time.
    (My price extension estimate on a break to the upside is initially 0.28c with resistance as I've marked before at 0.29c & down would be support zones of 0.15c then possibly 0.12c)

    All IMO but please DYOR  

    Very best all
    MR

    The Chart:
    BOT_29-8-23.png
 
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26.0¢ 27.5¢ 25.5¢ $863.9K 3.224M

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Last trade - 16.10pm 16/05/2024 (20 minute delay) ?
Last
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  Change
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26.0¢ 27.5¢ 26.0¢ 975200
Last updated 16.00pm 16/05/2024 ?
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