Short Term Trading Week Starting: 07 June, page-64

  1. 10,751 Posts.
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    STTCOMP MEB TA LONG

    This is really a punt, highly speculative.

    Medibio
    Market Cap - around 12.5m
    SOI - around 1.8B
    Working on analysis of sleep and other biomarkers to diagnose depression and mental illness.

    This stock has been on a downtrend before getting stuck in the 0.7c - 0.8c range for the last month or so. Today, the 0.8c line got wiped in what looks to be a single transaction worth over $200k. For a stock this small and speculative, that is significant. Approximately 1.5% of the company. I'm tipping this based on that one transaction which is highly dodgy but worth a cyber punt. So a breakout of the range on the highest volume the stock has seen in roughly 6 weeks. Not putting my money where my mouth is though. I do have a small holding but am not adding to it at the moment. Just watching to see what unfolds after today, if anything.

    https://hotcopper.com.au/data/attachments/3256/3256172-5dc338a2aea861ba1eb2b84c83ecefe4.jpg

    Last edited by ammie: 09/06/21
 
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