API 0.74% $1.35 australian pharmaceutical industries limited

I see price action is trying to break 69c level, and volume is...

  1. 1,707 Posts.
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    I see price action is trying to break 69c level, and volume is above average today, and expect the consolidation since October's drop to be nearly over.

    Fundamentaly:
    - 5 Directors have been buying recently
    - Brokers re finally increasing their recommendations
    - Volume reducing over holidays but support being respected
    - It's also currently trading at below its stated net tangible assets.

    If the AGM releases good news then the technicals suggest 95c ....

    Daily chart: some resistance at ~72c, but targets look nice





 
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