Well @pennysonly you called it! lol You are now a chart guru.
We'll overlook the next two ILA posts you made ... you appear to wear your emotions on your sleeves. But that's OK ... for those of us who have had first hand experience with a couple of the Placement participants, we have learned that they are worth following into battle with, so it is a no-brainer for a few here now.
Imagine where ILA ends up if trials go well this year. Whew!
Today I started counting shares a bit like someone might count cards at the blackjack table ... but ILA is simpler. If you look at a five day chart ... there were only about 4 million shares traded under 13.5c (on the ASX) on the first two days of this run and less than that since. So the traders just couldn't get the shares they wanted - no liquidity (- due to the locked down Placement by pro biotech investors).
The liquidity just wasn't there for those interested so bingo! No reason it doesn't continue I assume.
Bounced off the EMA8 today and should (hopefully) consolidate around around/under 22c for a few days if liquidity kicks in (to allow the BBs/EMA8 to catch up) - if not - wow!
It reminds me of RAC from mid June 2020. But far less liquidity.
ILA Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)