61.8% retrace is 2.2c but not likely as the numbers of follow on news are to good to ignore. It will rebounce in a flash with the next Ann.
The dropping in volume to 40m, tighter trading range of 0.5c are good signs that we are finding the LT support at around 2.8 - 3c
IMO, tomorrow should see a slightly higher vol at around 50m with higher close at around 3.1c.
Wednesday or Thursday I would expect an announcement as a follow up to last week's Ann, possibly on Prof Cohen's findings,Phase II funding or any partnering proposal. That will be our next leg up back to the general up trend line towards 4.6 over the Christmas period.
Not forgetting the Phase IIa trial is only 12 weeks duration.
JIMO
DYOR
61.8% retrace is 2.2c but not likely as the numbers of follow on...
-
- There are more pages in this discussion • 89 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
