Potentially accumulating right now, publishing so that I can follow to see what happens on this one! Note that I've charted using Heikin Ashi as it paints a clearer picture on this. I've drawn roughly what you'd expect to see from here if we are in an accumulation range.
Phase A:
The Preliminary Support (PS) indicates that some buyers are showing up, but still...
Following a few stocks in the ASX of particular interest, BOT represents a potential bullish opportunity should momentum continue and higher highs and higher lows be made past the current position. I'll cover this more in the upcoming weekly video, however as can be seen in the chart, the stock price is currently testing prior resistance (now support) of $0.14 and...
Couple of things to unpack here, we're at a Pivotal point right now just holding the .618 Fibonacci retracement level on the recent move.
DOW Theory suggests "The secondary, or intermediate, trend represents corrections in the primary trend and usually lasts three weeks to three months. These intermediate corrections generally retrace between one-third and...
Recent events have caused what was a 'guaranteed' FDA approval price-pump to fall 40+% at their low (so far) with FDA requiring additional 'Patient Instruction update'.
I'm looking for a short term move back to .14-.15 on bullish divergence, bearing in mind there's a much larger hidden bearish divergence occurring simultaneously. I don't believe we breach .15...
ASX:LDX ASX:LU7 FWB:LLI ASX:WC8 ASX:AW1 NYSE:ROG ASX:BOT ASX:GCY NYSE:ARL ASX:IR1
Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list.
The Launch Pad List is published weekly...
ASX:AW1 ASX:WC8 ASX:LDX ASX:AZS ASX:RDX ASX:BOT FWB:CCX NASDAQ:LNW ASX:IR1 NASDAQ:NXL
Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list.
The Launch Pad List is published...
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...
(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,...
