next?, page-3

hello old mate.

see from the period april through to now, the shareprice was falling but the oscillators were rising? this is generally a clear indication of a reversal looming, as the tests of 11c verify. there was also a new low on the shareprice in that period but no new low on OBV, another bullish divergence.

the period is now forming something akin to a micro head and shoulder pattern with an 11c neckline, also the heavy volume price zone we need to break above to get the reversal into swing.


i like it alot, i think this is going to do a retest of 16c in the short term, and potentially 20c in the medium term.


the market seems to be enamoured with bio stocks of late, particularly ones with cashflow.

alot of other stocks have already had significant rerates, it seems logical that any others which are due will have their turn soon, so for me it's just a matter of picking which ones seem most likely.