What do you have here Geffa? A little US healthcare...

What do you have here Geffa? A little US healthcare developer.



Yoiks it started life at $1.10? That's an interesting float.

So just getting my bearing with a weekly and we can see it's been a tough journey over it's lifespan.



So bringing it in to a closer daily chart and we can see a building resistance at .03 as your first hurdle. Added to that is how it gets smacked when spiking outside of bollies so you've got a bit going on at that 3 cent level. Now since that low of .019, the chart is clean of gaps so don't leave today's opening gap there especially when there's little volume going through.
A strong positive is that candles are now printing above the 8ema, the 50ema and importantly the bollie median. If it stays above those then an SP is always going upwards.
What I'd love to see is building volume at the .028-.029 level over a few sessions then you'll have a smashing of that resistance IMO.

So you're right Geffa it did poke its head up today but there's still a little work to do.

Thanks for the tag, I've put it on my watchlist and will get our fundies to have a look over it.

Cheers.