BOT 1.59% 32.0¢ botanix pharmaceuticals ltd

Its theoritically possible to have another week at these...

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    Its theoritically possible to have another week at these figures, floating between 11c - 13c. If I'm reading this right, then the worst case is the 13th and 14th March for a another run. We are sitting on a support line at 12c now but if falls under that than the above is likely. If it does springboard off the 12c support line than the high is 14 or 15c by Friday, so somewhere between 12.5c - 15c I guess.

    Im pretty confident that it will burst through the next long term resistance line which again depends on the day but somewhere around 14.5c.

    The puzzeling question that I'm pondering over is the previous high deg pitches. There all the same pitch but if I use it on the existing run than it means that we could go as high as 30c this week or next. To do that we would have to burst through two resistance lines and land in new territory, which would be amazing.

    See what happens;
    Chart 1: 3 Months

    https://hotcopper.com.au/data/attachments/1462/1462315-6ed19142fb40ab01be2c089a39b089ae.jpg

    Chart 2: 2 Years
    https://hotcopper.com.au/data/attachments/1462/1462316-b0314ec5407211ebbd4d96a2032632b4.jpg

 
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