Seems we all liked that appointment.... Certainly adds to the fundamentals of the company.
- Highly, highly experienced in the sector
- Comes in with a strong network to help build sales and growth
The technicals:
- Failed to breakout initially on decent volume
- Looked at risk of breaking down through the trend line - but continued to consolidate and respected market structure.
- News of a great appointment = Good volume and uptick in the MACD. This has resulted in a break out of the ascending triangle, with price opening and closing above the previous resistance zone (Very bullish - generally signals a breakout)
I'll be honest. I wasn't expecting a non-executive chair appointment to be the catalyst for next leg up. But I think it might be. Potential updates on Melbourne Study and FDA submission still to come?
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Last
20.0¢ |
Change
-0.020(9.09%) |
Mkt cap ! $167.0M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.5¢ | 20.0¢ | $29.60K | 142.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 44267 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 13834 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| OIL (ASX) Chart |