KZA 9.48% 63.5¢ kazia therapeutics limited

chart supports and resistances.

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    Follows is a micro version of the current NRT chart. Sorry its so small as detailed compacted but you will get the drift.

    The blue Fibonacci overlay shows the rising resistances (and supports) it is providing. Note especially the numerous confirmations in Jan '03, April 03 and most recently where resistance became support in June and July.

    The red Fibonacci overlay shows the standard falling supports but note that the base at $2.37 is confirmed by two earlier completed sets denominated by Lows (L) of $1.18 on 27/8/02 and High (H) of $2.05 on the 5Th sept, then L of $1.50 on the 17th Sept and H of $3.99 on the 3/1/03 producing $2.37.

    NRT should now find support at the standard 61.8% retracement at $3.68 but just might be more inclined to test the rising pattern base at $3.42 (the solid blue line.).

    Cheers,

 
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