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It's not a "stab in the dark"cup has a range of 18c, breakout of...

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woltage

684 Posts.

46

27/04/20

10:42

Post #: 44273895
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Originally posted by bobadah: ↑

The 6c figure is just a 'stab in the dark'. When the SP reached 15c it was on the back of some really good early trial results and the fallback to the 4c to 5c area was simply because it quickly became recognised that there would be nothing much until the next trial results arrived - the fact that we carried the first hurdle nicely was quickly forgotten.

I don't expect the SP to get anywhere near 15c until we get the next results but as we get closer perhaps 6c can be made in anticipation. You need to remember that if any of our products actually attract a takeover offer (ie, are successful) the takeover offer/share market cap can easily rise to over a billion dollars (but such things are rare because many trials fail) - and a billion dollars is over $2 per share.

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It's not a "stab in the dark"

cup has a range of 18c, breakout of cup has a high probability of matching this range, top of cup = 42, 42 + 18 = 60

chart movements demonstrate a lot of symmetry, and when enough traders expect the above symmetry, a symmetrical outcome becomes self fulfilling

slaters chart shows the ranges

Last edited by woltage: 27/04/20

PTX Price at posting: 5.2¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 4.8¢		Change -0.002(4.00%)		Mkt cap ! $38.65M

Open	High	Low	Value	Volume
5.2¢	5.2¢	4.8¢	$27.62K	553.6K

Buyers (Bids)

No.	Vol.	Price($)
4	133891	4.8¢

Sellers (Offers)

Price($)	Vol.	No.
5.0¢	131667	2

View Market Depth

No.	Vol.	Price($)
4	133891	0.048
4	288012	0.047
4	311759	0.046
4	788000	0.045
4	445000	0.044

Price($)	Vol.	No.
0.050	131667	2
0.051	62200	3
0.052	119285	2
0.053	50000	1
0.054	60000	1

Last trade - 16.10pm 02/05/2024 (20 minute delay)


Last 4.9¢			Change -0.002 ( 2.00 %)
Open	High		Low	Volume
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