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1st item on Scotland news is about developing digital passport, linked to NHS, for future foreign travel
As Woodstock has said though, I do think the strength is diluted with AIM companies as there are many more wild variables, for example a ftse100 company's price action over 5 years may be indicative of steady growth and development, whereas a company like Catenae is nothing like the company it was a few years ago. Personally I ignore any price action pre 2020 and only look at it based on then.
Maximalist Technical Analysts argue that fundamentals are not necessary, so what the business is doing is not of interest to them. Many successful Technical Analysts aka line drawers have over the years been able to yield incredible results without being in tune with businesses, purely by predicting the direction of price from historic price action. Some even called global crashes just based on how charts were looking across the board.
It sounds ludicrous, but less so once you start looking into it. Markets are driven by human behaviour and that in turn creates patterns of behaviour in price action. 90% of the time nothing of note is happening with a company so its driven by sentiment.
It sounds silly, but I was saying there will be a global crisis about a year before covid (I called it a bit early) as I felt that major prices globally I.e ftse100 etc needed to correct. I had no idea that would be a pandemic but felt something of significance needed to cause a drop.
Bit of a tangent, but in short... it is possible, arguably.
I upset someone the other day on another board because I believe charts are a waste of time on the AIM. Charts imop are useful on the FTSE 350. Just my opinion, but if some find sanity using charts, then good o.
In February, when Catenae were asked to participate in the government scheme, their CEO, Guy Meyer, said they looked forward to “highlighting the commercial benefits of the Digital Identity Policy, as well as advising how organisations should handle and protect people's data.
“Given that Catenae is ISO 27001 accredited and has blockchain at the core of its platform, the company is well placed to leverage opportunities in this space.”
https://www.asktraders.com/analysis/catenae-innovation-ctea-shares-surge-on-covid-19-vaccine-passport-reports/
Will be interesting how events unfold here
GLA
How are charts supposed to work on something like this??
Most companies you wait for assay results, permits or grants of x or y.
With this and companies like QFI they are either a crok if &&&& and go bust as an idea that was well founded but wrong place wrong time (or marketed poorly) ... or they with the right deal / deals go stratospheric zzz Zak Mir ... how to make a living drawing random lines.
You tell me the deal and I’ll tell you where it will go ... otherwise it’s nonsense.
Right deal and it can go 10/20/30p ... two years like the last two and it’s toast.
(I’m with the first batch)
Alamo. Could be unfortunately.
hope move above 3.02
IMHO
looks in auction again 3p
....it hits 3.60 then that's the 1st RP point, you watch the dumpers then, don't get caught on the spike above that, fair warning!!
Good news the pump is beginning. SP on the move , the right way !
I shared my views in the last couple of days TA wise, but to share that again, I personally believe we're in a triangle correction from April last year. In the result of some positive fundamentals, Fibonacci extensions from this would point to another impulse to 15-17p range.
I believe we're pretty close to coming out of that correction, though there is an argument we could test the 2p level one final time before a climb.
If I wasnt a long term holder and based this purely on TA, I'd lean to a climb in the coming days, weeks and months though. Volume increase supports possible end to correction.
When you consider the timing with the country and world going for passporting now, plus the ending of Catenae's most significant trial, and news surely coming from overseas operations soon, I believe we'll see a flurry of activity and news, launching the SP and allowing Guy and his colleagues to capitalise from share options above 10, maybe 20p. DYOR. Until now this has indeed been susceptible to ramping and damping, any firm RNS and that ends.
I'll say it again
yes not to be greedy take profits when one can / if others make more be happy too. looking to lock in profits/ difficult to judge sell price
if any sophisticated chartists can give price rangers please
If the UK Goc approves Ctea tech for digi passports then 15p wouldn't surprise me as more contracts will then materialise from multiple agencies.
If not a sizeable placing is inevitable imminently.
@Ezhik and you think the search engines, social media platforms and all other applications you use aren't storing your data and selling it on? please.
The gov't can do one quite frankly. There is no way I would agree to being given a number or having my data stored on a freekin app to be hacked and sold off the the highest bidder.
yes NHS have data, but do they have the verification tech? and how long will take for them to get this developed and tested. Maybe have a read of CTEA's previous RNS before making assumptions that the Government will use the NHS app.
RNS on 22/02/21 clearly states "Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of digital media and technology, is pleased to announce that it has been invited by the UK Government's Department for Digital, Culture, Media and Sport (DCMS) to participate in the development of a Digital Identity Policy." CTEA have clearly been working close with the Government and they will be participating in developing the Covid Passports.
"Additionally, Catenae announces that it is in discussions with Public Health Scotland to explore options around the automated transfer of Covid-19 test results to their Covid tracking database using Catenae's Covid-19 operating system." - I guess this answers your point about why would they create a new app and need to port that data to another app? Why not?
@tuvok
You see Trolls on all the boards here at LSE
Don't see the point myself unless its to short. In CTEAs case this isn't a risk factor, not at £ 7m mcap anyhow.
So its a case of pony up and put your money where your mouth is or shut up and invest elsewhere.
Its a risk but a risk factor i personally like hence having a small punt on it
You never know
GLA
mm letting this go now
And the Gov need this up and running by May 17 latest to hit their targets for getting us out of lockdown.
That's why we are all here, the upside potential is massive.
Ignore the derampers of which there are many (the latest one below is a complete bell end), soon to be silenced when contract news is announced.
The passport will also have diagnoses of covid and test results. This is NHS data, why on earth would you create a new app and need to port that data to another app.
The NHS database most certainly has verified vaccinations with batch number, where given, and a note on any allergies declared by the patient or other relevant matters declared just before the shot. As data inputter at a vacc centre, I know this. Their IT support is surprisingly excellent, which you might not expect from a state monolith. You have to tick a consent given field ahead of passing them on to be vaccinated. There is an ethnicity field too but that is not mandatory.