KZA 0.00% 8.0¢ kazia therapeutics limited

KZA Chart, page-249

  1. 5,668 Posts.
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    I looked at the course of sales a couple of times today and, not that I am any expert at tape reading, it looked like someone was trying to hold up the bid to sell into it. It looks like someone has been offloading to me. The price has been falling on rising volume. A nice "doji" candlestick today. It would be more bullish if the tail didn't extend down below yesterday and Monday's low. A bullish scenario is that this retracement is just the pendulum swinging back from last month's failed break-out and the stock price starts to move back up to the rising diagonal support line. I still think there is a good chance the price dips below the 200 day moving average before it turns back up.

    I make these musings for entertainment purposes. I've been holding firm since the last share purchase plan.

    https://hotcopper.com.au/data/attachments/3193/3193952-ba23f3e950919454c14f357f8aebc128.jpg

 
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