Hotcopper,
This is my first post, and I hope not my last. I Bought some ahz in december (@14 cents), I bought because of Ian Frazer, the man is saving 2.5 million women a year and i think that is a great thing. I think this man has the potential to achieve even more.
I am however pessimistic about biotech stocks and their potential, there seems to be a large amount of speculation around them without much thought for fundamentals.
My question is: Without any real revenue coming in, why is the SP increasing ? (I understand the technology has great "potential" but there are many companies with a much lower market cap with IMHO technology that could be just as much "potential". )
I will be holding this stock until this anticipated "breakout" that everyone is talking about, and the charts do seem to be indicating.
Technical Analysis:
BULLISH SIGNS:
The On Balance Volume indicator- the slope of the indicator is positive and suggests that there is considerable buying interest.
AHZ is trading above its 200 day moving average.
-There is added weight to this indication because the moving average is rising
The MACD is above the signal line, a 9-day moving average.
- ALSO the MACD is above 0 which implies that the underlying moving averages are trending higher.
The %K line is above the %D;
Bearish Signs:
AHZ is trading near its upper Bollinger Band®. This suggests that the stock price is high relative to its recent price action.
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I am by the way a student who has only been looking at the share market from NOV 22nd. Do not take me as someone with a large wealth of knowledge, i am just trying to learn and make a few bucks along the way.
My exposure is minimal and am waiting to spend the majority of my savings on Day trading once i have much more experience.
Kind Regards
Sam Sydney Australia
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Last
$14.25 |
Change
0.740(5.48%) |
Mkt cap ! $301.2M |
Open | High | Low | Value | Volume |
$13.60 | $14.25 | $13.35 | $309.6K | 22.39K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1150 | $14.10 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.25 | 314 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1150 | 14.100 |
1 | 364 | 13.700 |
1 | 100 | 13.400 |
1 | 60 | 13.150 |
1 | 50 | 13.120 |
Price($) | Vol. | No. |
---|---|---|
14.250 | 314 | 1 |
15.000 | 1000 | 1 |
15.150 | 149 | 1 |
15.500 | 44 | 1 |
15.700 | 277 | 1 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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