QRX 0.00% 2.8¢ qrxpharma ltd

Perhaps P.It's probably headed for the 68% fib retrace as...

  1. 1,057 Posts.
    Perhaps P.

    It's probably headed for the 68% fib retrace as happened after the Jan rise, which implies a sp of about 110c. If history repeats it will settle there before moving up again.

    Pleasingly, the 5 year chart looks very healthy, displaying higher highs and higher lows over the last 6 months or so... Theres also a nice predictable upward trend that you can see if you draw a line connecting the three recent 'tops' at 85, 125 and 136c. I'll pop a chart up soon to show what I mean.

    I'd love to know who bought and sold over the last two weeks but getting that info is too hard. I'll bet it wasn't retail investors like us.

    Great to see we have the timeline locked down too. Just need the AdComm meeting now.
 
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