Company Overview: Berkeley Energia Limited (ASX: BKY) is a mineral development company providing exploration and production to supply the nuclear energy sector. Argenica Therapeutics Limited (ASX: AGN) is a biotechnology company that develops therapeutics to reduce brain tissue death after stroke. Tissue Repair Limited (ASX: TRP) is a clinical-stage biopharmaceutical company that develops advanced wound healing products for chronic wounds and the aftercare of cosmetic procedures, with the potential for further development of related technologies. This Report covers the Price Action, Technical Indicators Analysis along with the Support Levels, Resistance Levels, and Recommendations on these stocks.

BKY’s Technical Analysis:

BKY's price has surpassed the symmetrical triangle pattern and its previous high on May 30, 2023, indicating the possibility of a short-term upward movement. Although the stock is undergoing a minor correction after showing a top divergence compared to the relative strength indicator, it is supported by the 21-period and 50-period Simple Moving Averages (SMAs), indicating a positive bias. Important support for the stock is positioned at AUD 0.430, while key resistance is placed at AUD 0.530.

Daily Technical Chart – BKY

Considering the stock’s current price levels breaking above a symmetrical triangle pattern, and technical analysis, a 'Speculative Buy' recommendation is given on the stock. The stock was analysed as per the closing price of AUD 0.480 per share as on 19 Jun 2023, down by 2.04%. Berkeley Energia Limited (ASX: BKY) was last covered in a report dated ‘31 January 2023'.

AGN’s Technical Analysis:

On the daily chart, AGN's price is currently testing the lower boundary of a descending triangle pattern, indicating the possibility of a short-term recovery that might propel the stock towards the upper edge of the pattern. Furthermore, the RSI (14-period) is showing an upward movement from the oversold region, supporting a positive bias. The price is trading below the 21-period and 50-period SMAs, which could serve as resistance levels for the stock; in contrast, the stock's most recent low could potentially act as a support level. Important support for the stock is at AUD 0.350, while key resistance is at AUD 0.415.

Daily Technical Chart – AGN

Considering the stock's current price levels rebounding from a significant support level and momentum oscillator analysis, a 'Speculative Buy' recommendation is given on the stock. The stock was analysed as per the closing price of AUD 0.380 per share as on 19 Jun 2023, up by 8.57%.

TRP’s Technical Analysis:

TRP's stock price experienced a downward trend from its initial listing until March 2023, characterized by consistently lower highs and lower lows. However, at the beginning of June, the stock broke above its previous high, indicating a shift in trend, and has since entered a trading range. Additionally, the RSI (14-period) is trading close to the midpoint, further supporting a sideways movement. Prices are trading below the 21-period SMA but above the 50-period SMA, which may respectively act as resistance and support levels for the stock. Important support for the stock is at AUD 0.250, while key resistance is at AUD 0.305.

Daily Technical Chart – TRP

Considering the stock’s current price levels forming a trading range, and technical indicator analysis, a 'Watch' recommendation is given on the stock. The stock was analysed as per the closing price of AUD 0.275 per share as on 19 June 2023, down by 5.17%.

Individuals can evaluate the stock based on the support and resistance levels provided in the report in case of keen interest, taking into consideration the risk-reward scenario.

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: Investment decision should be made depending on an individual’s appetite for upside potential, risks, and any previous holdings. This recommendation is purely based on technical analysis, and fundamental analysis has not been considered in this report.

Note 3: Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.

The reference date for all price data, currency, technical indicators, support, and resistance levels is June 19, 2023. The reference data in this report has been partly sourced from REFINITIV.

Technical Indicators Defined:

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.

The Green colour line reflects the 21-period moving average. SMA helps to identify existing price trends. If the prices are trading above the 21-period, prices are currently in a bullish trend (Vice – Versa).

The Blue colour line reflects the 50-period moving average. SMA helps to identify existing price trends. If the prices are trading above the 50-period, prices are currently in a bullish trend (Vice – Versa).

The Orange/ Yellow colour line represents the Trendline.

The Purple colour line in the chart’s lower segment reflects the Relative Strength Index (14-Period), which indicates price momentum and signals momentum in trend. A reading of 70 or above suggests overbought status, while a reading of 30 or below suggests an oversold status.

Disclaimer - This report has been issued by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and prepared by Kalkine and its related bodies corporate authorised to provide general financial product advice. Kalkine.com.au and associated pages are published by Kalkine.

Any advice provided in this report is general advice only and does not take into account your objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Statement or other offer document for the securities or other financial products referred to in Kalkine reports. You should obtain a copy of the relevant Product Disclosure Statement, Information Statement or offer document and consider the statement or document before making any decision about whether to acquire the security or product.

You should also seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice in this report or on the Kalkine website. Not all investments are appropriate for all people.

The information in this report and on the Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of information contained in its reports, newsletters and websites. All information represents our views at the date of publication and may change without notice.

Kalkine does not guarantee the performance of, or returns on, any investment. To the extent permitted by law, Kalkine excludes all liability for any loss or damage arising from the use of this report, the Kalkine website and any information published on the Kalkine website (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine hereby limits its liability, to the extent permitted by law, to the resupply of services. Please note past performance is neither an indicator nor a guarantee of future performance.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this report or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website including entities covered in this Report.