PAR 1.96% 25.0¢ paradigm biopharmaceuticals limited..

Eventful week, seeing a lot of volatility with this...

  1. 298 Posts.
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    Eventful week, seeing a lot of volatility with this stock.
    Reclaimed the 200EMA on Tuesday.
    Was looking convincing on the second surge but rejected the 50% fib level at $2.80 for a second time and now clearly in distribution mode (albeit on lower volume)
    Ugly little double top formed, looking for support at the 200EMA ($2.44) to hold, otherwise back to retest the neckline at $2.28 and possibly $2.
    Quite normal to see these quick moves sold off, will need some time to digest.
    No issues for the longer term holders, but for now looks like heading lower.

    https://hotcopper.com.au/data/attachments/2175/2175062-cd87eb0e1a02bc7edee35ea8a32e9afa.jpg







    Last edited by philm23: 22/05/20
 
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