Just watching this stale mate between the two walls at 11.5 & 12, and wondering what are the catalysts to move it either way in the short term
Downside risks:
* Fiscal 12 tax loss selling
* Broader market decline (likely IMO)
Can't see anything fundamental dragging us down from here, short of bad 2b results which aren't due for a while, and as previously discussed on this forum most likely to be positive. Also feel like we have been smashed so far, that any broader market decline and negative sentiment is going to put limited downward pressure on us (i.e. hit strong support / floor in the SP at this level)
Upside:
* Phase 2b interim data - but not due until August / September
* Prominent Broker reports
* DNDN SP rally / positive profit reports
* Strong broader market rally (not likely)
Feels like until 2b results, getting some analysts putting out reports would be the thing that management has the most control over if they are concerned about picking up the SP
Just my ramblings
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Just watching this stale mate between the two walls at 11.5 &...
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Open | High | Low | Value | Volume |
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Buyers (Bids)
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---|---|---|
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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8 | 170360 | 0.330 |
2 | 28172 | 0.325 |
4 | 59365 | 0.320 |
5 | 77800 | 0.310 |
4 | 136393 | 0.305 |
Price($) | Vol. | No. |
---|---|---|
0.340 | 115131 | 3 |
0.345 | 114913 | 6 |
0.350 | 154463 | 8 |
0.355 | 69045 | 5 |
0.360 | 286430 | 5 |
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