BOT 7.84% 27.5¢ botanix pharmaceuticals ltd

Hi BOTsters, interesting times here. I missed the fall outa bed...

  1. 1,843 Posts.
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    Hi BOTsters, interesting times here. I missed the fall outa bed moment but thought I'd revisit my past charts again to see how it's been travelling since & add an updated one. (just for fun as I don't hold).
    Below is a weekly chart (I'm not a day trader) which I've added to & not changed from my previous posts.

    The Bad: Well it gapped down on news and that always hurts and the wider Macro simply sucks atm!!
    It would also have gapped through where I would place stops so in theory I may've still been in and prolly dizzy from rolling my eyes.
    The Good: Even though the Macro sucks BOT is holding up pretty well even after falling hard for a day, the order book and volume shows the amount of interest that's still there. The last green bar actually looks constructive.

    I nominated 0.15c and then 0.12c as support zones previously and 0.12c did hold.
    0.15c seems to be acting as slight resistance atm but with the gap to be filled above (pink box) at around 0.17c I think it will be filled probably quite soon barring the US dragging us all down the toilet.
    I haven't changed my price levels from previous posts so we'll see if they're met in time.
    Little disappointing to gap down and interrupt the momentum but certainly not catastrophic here IMO.

    Here's a link to one my last posts for reference & transparency.
    https://hotcopper.com.au/threads/bot-chart.4637234/page-7874?post_id=69615220

    Stairs up, out the window down (or something like that)

    Best all.
    MR

    The Chart:
    BOT 5-9-23.png
 
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Last trade - 16.10pm 16/05/2024 (20 minute delay) ?
Last
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