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7.7¢ vectus biosystems limited

They all look right to me. That big abc down looks nice and...

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Assassin617

72 Posts.

127

18/06/21

13:37

Post #: 53925209
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Originally posted by dappaT: ↑

Not many eyes on this one yet guys but the potential here is huge with phase 1 trials starting in July for the anti fibrotic drug VB0004

This drug has been proven in mice to not just stop but actually reverse the affects of fibrosis effectively replacing scar tissue with healthy tissue, the market for these drugs is huge I believe around 50-100m people a year worldwide are affected by fibrosis in one form or another.

Add to that Low SOI of ~ 31.65m mostly held tight by directors and top 20 this has the potential to move very fast when the trials get underway next month.

Anyway enough of the FA

Here's my chart with the Elliot wave count, I believe today we are at the beginning of w(1) of the higher division wave 5. You'll need to put your chart to heikin-ashi for this one as the liquidity is poor due to such low SOI and being so tightly held hence lots of gaps on the candlestick chart, HA connects the dots and makes it easier to see how its moving, also throw it into Log to see the trend that's developing.

If I'm right here Wave 5 will take around 3 months to play out and I have a target around the $3.50 mark assuming the trial provides the results we are hoping for, w(1) should test the most recent high of $1.54 and then backtest the $1.35 see chart for the rest, obviously this is reliant on the fundamentals providing but the time scales on the chart fit quite nicely with the trial commencement.

This is a bit of a slow burner so don't expect too much excitement although todays volume and PA was little more interesting than usual lets see if it continues into tomorrow and next week.

@Assassin617 what do you think to the count.

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They all look right to me. That big abc down looks nice and volume coming in to this new potential run is great. Bit tough when your not on heikins, so I'm interested to see how ones like these play out. Wave 1 and 3 look to be of similar length so you may even get an extension here but still early days.

VBS Price at posting: $1.24 Sentiment: None Disclosure: Not Held
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Last 7.7¢		Change 0.000(0.00%)		Mkt cap ! $4.097M

Open	High	Low	Value	Volume
7.7¢	7.7¢	7.7¢	$21.63K	281K

Buyers (Bids)

No.	Vol.	Price($)
2	60732	7.7¢

Sellers (Offers)

Price($)	Vol.	No.
9.2¢	7601	1

View Market Depth

No.	Vol.	Price($)
2	60732	0.077
3	272500	0.076
1	40000	0.075
1	75000	0.072
1	10000	0.052

Price($)	Vol.	No.
0.092	7601	1
0.095	22897	1
0.120	2700	1
0.000	0	0
0.000	0	0

Last trade - 15.47pm 28/06/2024 (20 minute delay)

VBS (ASX) Chart

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