made our targets and now BOT has pulled back some what to 0.073 - 0.074 range. Will hopeufly bounce around here for a short period before breaking through 0.078 and into 0.084 area
Just an idea. not advice. Looking to see BOT start climbing back into the high 0.06s and eventually back to ATH. With news around the corner regarding it's studies and possible products this is one to watch. My first post so be nice.
Botanix Pharmaceuticals Ltd (ASX:BOT) is a clinical stage cannabinoid therapeutics company. The company focus is the development of safe and effective topical treatments for serious skin conditions. It has an exclusive license to use a proprietary drug delivery system - Permetrex for direct skin delivery of active pharmaceuticals in all skin diseases. The...
Botanix Pharmaceuticals Ltd (ASX:BOT) is a clinical stage cannabinoid therapeutics company. The company focus is the development of safe and effective topical treatments for serious skin conditions. It has an exclusive license to use a proprietary drug delivery system - Permetrex for direct skin delivery of active pharmaceuticals in all skin diseases. The...
Watchlist Watch the 6.5 level Trending up since April 2020 Trading above 21EMA Ascending triangle pattern forming
(ASX:BOT) Botanix Pharmaceuticals Limited is a clinical stage synthetic cannabinoid company based in Perth (Australia) and Philadelphia (USA) committed to the development of pharmaceutical products that are underpinned by science and supported by well-controlled randomised clinical trials. Technicals: Shaping up to GAP - Ascending Triangle Pattern - 10/20 MA...
Fakeout today on news, ultimately needs more time to consolidate. There is so much overhang considering the retrace from the highs but looking at the weekly the WMAs are starting to turnaround, which suggests that a period of consolidation may occur until there is meaningful news. Keeping an eye on it; I am not keen until that overhead resistance in the high 50s,...
BOT is starting to look interesting again but a big stand off between buyers and sellers both pretty evenly matched at current price points. Its broken past it end of last year flat patch and bounced off a retest of it. If it breaks up there is quite a bit of room it could run so will keep it on the watch list for now and watch for the break of resistance. Its...
BOT first small higher low on daily time-frame. 38.2% fib possible reversal zone, and sitting just above that 200 day MA. Small ascending triangle forming with volume declining into the triangle. small break target of 0.115 cent. Needs volume needs break 0.105
Bot is showing strength forming higher low after higher low. It just broke two big resistances on high volume. Daily Rsi is a little hot so waiting for a small pull back and a bounce of the 20-day EMA for confirmation. Upside potential on this is larger long term. potential buy 12.5 , 13 stop at 11