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APOP Cellect Biotechnology Upside PotentialNext time when you see those upside spikes is a chart, that is and extremely bullish sign. Maybe some insider buys!
Cellect Biotechnology Ltd. (NASDAQ: APOP), a developer of innovative technology that enables the functional selection of stem cells, and Quoin Pharmaceuticals Inc. (“Quoin”), a privately held specialty pharmaceutical company, today announced that the Boards of Directors of the two companies have unanimously approved a definitive Merger Agreement. (globenewswire.com)
Market Cap of only 13.644M. This still has room to grow!
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AUDJPY retrace then bullishWeekly: swing started on 22/01/2018 loosing steam. Higher low formed. Last week got rejected forming a bullish hammer off important level that acted as support tested multiple times.
Daily: last 3 days of last week were bullish, going all the way to fib cluster formed of the 50% level from last high and 23.6% from 22/01 swing. That's good momentum but needs to retrace to pick up its breath
4H: pierced through the 200 MA and currently sitting on top of it. Slight RSI divergence between 10/05 21h and 11/05 17h and the RSI is high, indicating it needs to retrace a bit if it's going to carry on.
I see it retracing to 82.2 level (fib level 38.2%) and go retest previous high (83.5/84.0, also 78.6% fib level), which would then form a potential inverted H&S to look at in the future