Avita Medical Ltd (RCEL)

[Ctrxman]

The price ran all the way up to resistance
from the tops in October and November and
was thwarted. Once it didn’t penetrate the
sellers came in en masse toward the end of the day
Cramer alerted a lot of traders to RCEL who just play
their own particular method to make a buck and
know or care little about what Avita. It adds volatility
but it also adds liquidity, which is positive. I’m hoping
That some are building short positions, because at some
point they’ll cover at higher prices.
I expect it won’t be very long before we retest
resistance again, probably due to some piece of
news. Today’s ride was a good one but if you look,
the price closed within pennies of the ASX close
last night.