BNO 0.00% 1.0¢ bionomics limited

Technicals looking sick

  1. 4,491 Posts.
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    Hope you all got out as this little wonder went above 20c because it looks like retreating to where it started.

    Target 10-12c again in the absence of an sctual commercial deal or serious positive clinical results.

    Nothing else will do.

    Support is thinning out and technical indicators are indicating a sharp drop very soon.

    I still reckon that they will need a capital raising in Q2 so no real reason to be propping up the share price now!

    GLTA
 
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