APH 0.00% 17.0¢ australian primary hemp limited

technically speaking

  1. 501 Posts.
    Whilst I don't profess to be an expert on the technicals, this 70 -75c level from a technical perspective seems to be significant, resistance, as it is the halfway point between the all time highs of $1.40 - 1.50. After that there seems to be some resistance at 90c - $1.00, strong resistance at a $1.20 then obviously resistance at the all time highs.

    Marry this with the fundamentals it looks like we are going to need the approval to get through 75c which should in turn take care of the $1.00 region. To break through the $1.20 region will require further news in the form of commencement of phase3, 2 trials. To get through the all time highs will require confirmation of sales and market share, which wont take long with IMS data, and then we are into blue sky. Oral Fonda is a wildcard, along with partnerships and TOver.

    Now blue sky could mean a price target towards $2.70 - 3.00 technically, which we know the fundamentals will back up, would be interested to hear from a tech head on these levels.

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