Avita Medical Ltd (RCEL)

[Cre8tivmynd]

Technical analysis is a mix of art and science. It's really a measure of sentiment extremes. And it works, mainly because traders trade based on the TA. But that's why I generally talk in terms of ranges. I was talking about a "woosh" that I figured would take sp down to the $7.00-$7.20 area, around that 100DMA. I expected a bit more selling overnight that would set us up for a weak opening, followed by the turn up. This afternoon, we got a "mini-woosh" that took sp from around $7.58 down to $7.36 quickly. The churning on alot of volume between $7.40-$7.50 was telling. That may have been it. We'll see in the morning.