Qianhai Health rose 134% during Hong Kong stock trading yesterday, and fell 40% today. Onconetix is also a bit strange here – the chairman's resignation is considered a negative event, but the stock price rose 26% today.
Two completely different logics: Qianhai Health is a technical pullback after excessive emotional extension the previous day, which is not controversial; I can't figure out the reverse movement of Onconetix. Chairman's departure is not usually interpreted by the market as positive news, unless there is an expectation of replacement or short-term short covering. Is there any buddy watching Onconetix who can help answer this?