The difference being though that on the past 2 breakouts they have been technical breakouts prior to news, on this occasion today’s breakout is on news and I would say this news is significant when added to the Hervaxx results in November kind of like a multiplier on a multiplier= exponential in affect.
As Jimmy has pointed out ...with the AACR conference 2 days away sellers will be drying up. Previous breakouts didn’t have the short covering added in to the mix either. It would be risky for the shorts to try and suppress this a second time around, my guess is they’ll pin the price around this level until the sellers build up above, then there will be another load of line wiping as they cover. A Licensing deal or T/O could come at any time .
The difference being though that on the past 2 breakouts they...
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Last
7.1¢ |
Change
-0.007(8.97%) |
Mkt cap ! $519.7M | |||
| Open | High | Low | Value | Volume |
| 7.8¢ | 8.0¢ | 7.0¢ | $4.930M | 66.98M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 571382 | 7.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.2¢ | 1102836 | 5 |
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| Last trade - 16.10pm 19/04/2024 (20 minute delay) ? |
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Last
7.1¢ |
Change
-0.007 ( 10.7 %) |
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| Open | High | Low | Volume | ||
| 7.8¢ | 8.0¢ | 7.0¢ | 28787854 | ||
| Last updated 15.59pm 19/04/2024 ? | |||||
| IMU (ASX) Chart |