What’s Happening to the Share Price of Viralytics Limited?

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What does Viralytics Ltd do? 

Viralytics Ltd [ASX:VLA] is focused on the development and commercialisation of oncolytic immunotherapies that harness the power of certain viruses to preferentially infect and kill cancer cells.

In other words they are working in an innovative research area in cancer therapy.

That’s interesting, but what is the chart telling us?

 What does the chart look like?

I find it helpful to bring up a chart. Here’s the daily chart of VLA.

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Source: STEX

You just have to be aware of moves like this. This movement comes on the back of some positive news last week regarding clinical trials. And note how it has reacted to that news.

What now for VLA shares?

Whilst it is down in today’s trading, there may be more positive news to come from this company. Let’s wait and see.

If you can read a chart, you can profit from moves like this. You just need a little charting knowledge to find the right entry points. You can get that chart reading knowledge here. You remain at a substantial investment disadvantage without it.

Cheers,

Terence Duffy,

Research Analyst, Cycles, Trends and Forecasts

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