I agree. My simplistic charts suggest to me that we have seen days of strong accumulation in the last 3 months. Each large green candle is associated with higher volume - so someone was buying and forcing price up. Shortman is suggesting shorts interest has not changed in over a month. In all honesty shorts are miniscule so we should not be worried. Someone is just playing at the edges.
If the trial starts as anticipated and recruitment goes as expected I think it might be fair to suggest that SP appreciation will occur as we move towards trial conclusion. Burns results would be nice and might provide another ST catalyst.
I do think this is coiling nicely for a sharp move up.
RCE Charts, page-1703
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Last
48.0¢ |
Change
-0.005(1.03%) |
Mkt cap ! $111.1M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 48.5¢ | 48.0¢ | $664 | 1.371K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 16317 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.5¢ | 1517 | 1 |
View Market Depth
| Last trade - 13.10pm 16/08/2024 (20 minute delay) ? |
| RCE (ASX) Chart |