good morning all ,
i have been flat out in my other job "dept collecting ",and neglected the charts .
i am not the greatest chartist and would invite any alternate interpretations ,but it would appear that we closed below the lower bollinger band around the 7 th with a trend reversal there after .On friday we broke through the mid bollinger band which may now act as a support and we could see a bounce with an up trend following the upper bollinger .
interestingly on the weekly charts we have been in a downward trend since April last year !!
Professional shorters would probably avoid the stock at this time .
Impending announcements re milestones and phase 3 trials may act as a fundamental turbocharger on top of the strong technical data ,in other words the "debt collector "will be knocking on some collins st doors shortly !!;)
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re:i see something !!!
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 700 | 1.010 |
9 | 123952 | 1.005 |
34 | 516697 | 1.000 |
1 | 25000 | 0.995 |
Price($) | Vol. | No. |
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1.030 | 17500 | 1 |
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1.040 | 41250 | 2 |
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