Correction could be complete here and this would be the bottom of the channel from the start of this move up. Targets are still well above the 20p region, a great place to start accumulating. If it breaks down the Y wave should end in the 7.7-7.9p region. I dont see that coming based on dropping volume on selling but that would be a bargain to buy in. Sub 10p is...
Hemo in a cup and handle finish line, next leg up is soon for Hemo. Mind the strong volume support upon every impulse up, and the volume drop at every correction of down move. Strong confirmation of accumulation and uptrend continuation.
Short update on Hemo 15m falling wedge pattern. Expect this complete in an E wave and break to the upside soon. target is towards 20p
Massive winner today Hemogenyx (HEMO) moved 55% in 1.5h before market close on the news drop of working closely and in agreement with Eli Lilly. The correction has been clearly completed and there were already signs of this impulse up with the sub wave 1 and then sub wave 2 correction days ago. The larger Wave 2 is complete already and we are in the most bullish...
From the 7,5p range this will burst off towards 15p previous top target. The news of the collaboration with GlobalCo is reinforced and is confirmed to be a positive collaboration based on expected outcome. We expect something materialised out of it in 3 months. Therefore the upside potential is remaining multiple.
HEMO is passing the scoop up zone touching multiple golden zones. Consider placing is at 7p, so this marks up the bottom of this sp. My targets are above 25p then 42p to complete wave3. Multibag potential here.
I see 5th leg of the Wave 3 is still missing, touched this trendline and expected to pump more. News are due potential is big as always, but more importantly buyers are lining up, Selling volume is constantly declining on dropping price which means accumulation and a rocket sign. Multibag potential with this small company, very much undervalued yet.