Short Term Trading Week Starting: 17 Oct, page-168

STTCOMP AHZ TA LONG

Shares: 260 mill fully D

Cash: $8.9 mill

MC: $135 nill




After having announced FDA approval for one of many key products AHZ has in there pipeline, major buying frenzy started in the morning. For a few hours during the day & after the initial frenzy volume picked up again with the SP recording a higher high right into close..

my take from this is that punters where waiting during the day for a reduction or a dump that really never happened so the came in for the hour of power & bought up shares.

This type of set up has almost always lead to a higher run the next day or two as news is digested.




My first target is 60c as indicated on the black line.. the reason for this is the support it's had a few months ago was 60c, given macro events & a tight share reg, i think low volume sell down was impatient holders just doing there thing.

If 60c is breached on good volume, then i see the red zone coming into play. Given numerous broker reports suggesting the SP is worth the read zone & having FDA approval that will act as income in the coming year ( Income = less dilution ), i think AHZ are now in a sweat spot to have good support which will in able them to develop more FDA products.