@andrewk65 - you forgot to include the volume.
IMO 3x days of long tails testing sell supply, when taken with decreasing vol each day, indicates not much supply for sale vs the 'big' stop loss hit on vol last Thurs.
Interesting hit with biggest vol of the day, on everything for sale up to 81c at the end of the day.
Higher highs & higher lows, all still in channel - just - All SMA's still trending up
'Breakout' above 80c resistence on Tues still intact i.e. closed above 80c. A close below 80c next week, IMO would see sideways trading in approx 68c to 80c channel range for a period of consolidation.
I think it will take phase 1 trial start ann or some other 'left field' ann to drive it into $1+ range but IMO at A$111 MC it seems a good risk reward for a biotech with potential.
Getting & staying over A$100 Mil MC is often a hurdle but also means it is more likely to attract investment from funds that require A$100 MC for a month or so, before they can invest.
Just my opinion but I bought some today at 78c, if drops & range trades between 68c & 80c I will buy a few more.
