Replies to post #6499 on Avita Medical Ltd (RCEL)

[soflodiver]

Thanks Jugs.

I've been investing for over 25 years and have become a believer in charting and what it suggests about investor's actions and how it can influence future actions.

For me, the dumps at the end of day on Friday showed me that a large investor wanted out of the position. The way the sales were sized and executed tells me that they didn't want to break the momentum until they were mostly out but either didn't care or intended to break the momentum on the last trade.

I suspect we may see a bottom today or tomorrow if we're lucky but given the broader market appears be weakening further, I will not be buying more until I see support and some upward momentum.

Good luck to you.