share price movement

whist shareholders are willing to sell their Alchemia shares at these prices the price will stay here until the sellers are exhausted.,the recent rise from 30 cents to 60 cents was a perfect 5 leg increase of 8 cents with a 2 to 3 cent retracement also the retracement from 60 cents to 51 cents was correct with a bit of clean air from sellers Alchemias share price will begin its ascent to 90 cents,this area is particularly precarious, going back 10 years there is 6 resistance areas to negotiate,whomever their support broker is this is a well constructed and patient campaign,he must be careful not to get hijacked by sellers over 66 cents.I would has it as a guess that Alchemia is being primed for a takeover if Phase 3 trials are good, if not future dividends will be worthwile.I saw Tracey deliver at AGM,was very impressed.
I have sent Alchemia several emails detailing my disappointed with the recent presentation and would advise all to do the same,