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
55.0¢ |
Change
-0.010(1.79%) |
Mkt cap ! $127.5M | |||
| Open | High | Low | Value | Volume |
| 56.0¢ | 56.5¢ | 55.0¢ | $124.1K | 222.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 44090 | 55.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 56.0¢ | 1761 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| RCE (ASX) Chart |