early bidders

The early 1m bid on this is someone looking to force a technical breakout. Idea is that you prime the market at pre-open to generate volume in the hope that the stock breakouts from yesterdays close.

June report wont be out for another couple of weeks yet, so personally I would prefer to see the stock consolidate around the current level. 3.4c is a key resistance level and a false break could see the stock drift back down.

While the driving factor behind TOX's recovery at the moment is a re-rating, evidence of a further recovery will be required to push the stock through resistance levels.

I could be wrong. We will see.

I hold TOX/TOXO (I also hold RMI & EBT)

Marchello