Sooo... PYC up 8% on a red day on the ASX, and a poor day/trend for biotechs in general.
We've backtested the breakout
@slick mentioned at .087 (well, .086- close enough?), white circle. MACD looking good. Volume rising.
Weekly chart; we're closing above the median, and it looks like MACD wants to cross over (yellow circle). I'm not exactly sure of the significance of the zero line, but the last time we had positive MACD
above it was Nov '23 (orange circles):
The times before
that begain in Jul/Aug '19:
I'd be interested to hear what people think might happen at the conclusion of the CR? But really starting to wish I had some more spare cash.
It feels like PYC is going to be something special based on the fundamentals, and IMO the charts look great... But wtf do I know, I'm neither a scientist, nor a veteran trader. DYOR.
GLA.
(20min delay)