STTCOMP RCE TA LONG
Recce Pharmaceuticals
MC ~$96m
SOI 203m plus incentives
SP $0.47
WEEKLY
Fibs don't work - seems to have overshot to downside but, it has formed a bottom on or around historic levels
DAILY
Multi bottom, MCD divergence, spike dump IMO was a holder "giving up"
Combined with FA news this week though their business update, I think the SP has bottomed out and there will be some good newsflow in the next few weeks. This weeks included prep for Indo trials, further expansion in Aus of diabetic foot ulcer work, and US dept of Defence grant funding and presentations.
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STTCOMP RCE TA LONGRecce PharmaceuticalsMC ~$96mSOI 203m plus...
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Paul Rennie, MD & Founder
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