KZA 0.00% 8.0¢ kazia therapeutics limited

chart please, page-4

  1. 426 Posts.
    Well the dip came. So alert status yellow for now.
    They bounced of that mid strength $4-65 resistance line, which is the main one to worry about if it gets broken! And are now floundering at the weak $4-75 Resistance line.
    Re-tests of lows are common in stocks, but is a good sign if it doesn't happen.

    I would hope to see them not go under that $4-65 line within today. And hopefully bob along this 75 area, or at worst dip to 65 and bob between 65 and 75. Nicer is if they can close with a bit of rise, to be at least 75 to 80 area.
    But tomorrow should be the day to see a direction clue. A zip to go back over the very strong $4-80 line would be a very good signal.

    All in all it is not a good look, being in this now big danger area. But all too often things are sent to do these things to shake people out anyway. So you get to be shaken out, or grit your teeth to ride through it and see for sure what is up.
    And if they ARE going down overall, they should hit $4-50 within a day or two. $4-20 area being the next regrouping area if that happened.
    Going under $4-65/60 would be a red alert.
 
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