Train about to leave - Last CallSomething tells me this is your last chance to get on the AVACTA train.
Fundamentals
- We are awaiting the results of phase 1 trials, and all things are pointing for it to be very positive.
- A great pipeline of drug development
- Possible Take-over bids incoming
- With a little research, the list goes on and on to be honest for Avacta.
Charts
- Higher time frame, we have formed this bull flag from the previous impulse move.
- Price action has consolidated and we now have decent accumulation/consolidation under the upper resistance of the flag pattern.
- On to this, price action and lagging span is about to be trading above the ichimoku cloud on pretty much all important time frames. 15 minute through to 1 day. When you get this confluence across time frames it can be very exciting.
Price predictions for me are.
- 140p within 2 weeks
- 200p+ end of September.
