PYC 2.86% 18.0¢ pyc therapeutics limited

Look I would care to disagree with you on that based on what I...

  1. 1,529 Posts.
    Look I would care to disagree with you on that based on what I see from the chart.

    the recent run up from the 16/1 to 4/2 (2.0c to 2.5c) was on pretty light volume IMO.

    Then around the 3.0c mark we see an increase in volume which IMO is some starting to offload their stock and take profits..

    11/2-21/2 we see bugger all volume and it just runs out of steam.

    Big upbar on high volume 24/2 seals it as as weak followed by weak volume selling last couple of days..

    Track North??

    Nope IMO this rally has been manufactured to offload at higher prices look at High Vol bar end of October 2013 and that will give you a clue about what is going on IMO.

    Weakness instead of strength where you want to see strength to drive it higher.

    IMO she's headed lower.

    Sorry DS...no cheeky little short cover due but hope that helps you...
 
watchlist Created with Sketch. Add PYC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.