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Part of the problem we are where we are is the plethora of people who think they are expert technical traders. When so many people believe something it becomes self fulfilling, regardless of fundamentals. Charts have their place in trading, but at times we are solely beholden to them and as such I lay the blame of such a low price to a large extent at the door of chartists. Chartists arent investors they are traders, personally I have little time for them.
Good support here and by looking at L2 I think the sp is about to show some recovery :)
You throw your bullish charts out just as excitement is spreading on the bb. So many times that will have led to the uninformed jumping in immediately and being on bigger losses than they were already. I simply don't appreciate the timing of your charts.
As recently as October 3rd you had 1915p as your target. I am sure your charts can help you trade but the targets you are putting out there are totally meaningless and unhelpful to anybody on here.
Maybe you should explain your silly charts then. The one you posted yesterday clearly shows a target of £8.47. Where is the mention of £2.93 on it? Should you not explain that key bit of info to newbies?
Also, why are you then posting your latest chart at just before market opening at 7.51 yesterday morning when the SP had already reached the £2.93 that you are now saying people should have sold at? All that tells me is that your charts are share porn to trap a few to help your trading. Basically zero morals.
Harchris,
My last post to you.
Obviously you have absolutely no knowledge of TA.
The chart is still valid and I am LONG all the way on this stock. Price targets absolutely still apply..
However, when the price hit the 1.618 fib from the previous rise and dip that was a sell signal it you chose to accept it.
If you did then you'll make some extra but at the end of the day the daily bullish hartley is still in tact and I personally back it to play out to whichever level it does.
I'm sorry if you are quick enough or skill enough to take advantage but be a good lad and stop back biting poster's and taking the **** out of them.
You probably think my average is something like £5 sonic? In fact it's actually very low. I don't day trade but I do sit out for long periods and only post here when I am in and believe the share price is due a massive correction. That time is now - new ownership, covid cases rising, bleak winter ahead, market cap below £200m, sentiment at all time low (hence oversold) etc etc
I don't know how you can be smug when you came on here Monday morning with the share price at 288p acting all confident and putting out targets of 847p and 1481p and acting like you've called it right when 30 hours later the share price is at a year low! Are you trying to say you sold at £2.93 then and just came on here to trick everyone else?!
BYP
There is is more than one time frame you know. Just shows, you don't really know do you.
Back to the bin.
@SonicBOOMboy I thought your target 1 for 61.8 fib was the £8.47 target .....are you now saying it it was only £2.93? How disappointing :-(
Harchris,
If you were clever enough you'd have known to sell on the 1.618 fib at 293p the other day.
I doubt you did, because you are always too busy being a clever dick.
Bullish Hartley still in tact, let's see what happens.
@harchris.....hopefully Sonic reads your comment!
I would be happy to give the company some time if we had a concrete information on the direction that this company is heading. We are led to believe that the company is going places yet where is the evidence of this (pages 20 to 25 of https://novacyt.com/wp-content/uploads/2021/06/Novacyt-AR-2021-2806-spreads.pdf ).
I do hope we never hear the term 'bullish gartley' ever again though!
I want to see a material difference from David Allmond that shows he has a clear plan to build a successful company and steer the share price back to a level that sees us all profiting. I do not expect to be convinced of this within the first week of his premiership.
I don't care if the news void leads to it dropping a little lower in the meantime.
We are now on the second lowest finish we have seen in 16 months of trading (11th June 2020), only last week was it lower at £2.50. Pure speculation but IMO the next stage to bring us down into the low £2.00's.
At least the board got the majorities YES votes in last weeks AGM, so have no reason now to worry about company owners.
If you want change, start getting loud with the company, not praising them for losing you your investment.
Despite being called a ramper today I was on here Friday doubting there was any substance to the rise whilst others were convinced it must be a leak or some sort of insider info. It seemed to me like the traders waiting on the sidelines started buying in after days/weeks waiting for it to break below 250p. They probably also banked on some communication from the new CEO that would give it an extra kick but it never came and has drifted back once again to 250p.
The same cycle will probably repeat especially as more days pass and the chance of an RNS increases.
Nothing more than a mirage, JCB. I said it before the price will languish around these levels with an easier bias. Too much doubt surrounding DHSC issue and no clarity as to level of sales. Nothing to excite the imagination of investors at the moment.For the time being the price will simply reflect cash at bank and nothing else. Occasional blips in the price will happen but unless backed up by real solid news the rally will be short lived. I am an LTH but still regret at having not been able to recognize last years price as an opportunity to at least half my holding. Was sheer greed on my part and only myself to blame.
Now we almost lost the 15% gain in the frenzy friday.Back to where we were ,so god knows what that was about
Its not a patch on VAL it sucked away a decade of my time!
However, thankfully, VAL redeemed itself, (first time around) in one fail swoop and probably why Porky9 now spends his time there, rather than here... hoping to repeat the previous VAL rise and indeed more?
BUT! When this goes!!!
And I have a strong feeling, it will. It will Dwarf any profits I made there, by lightyears!
Just need the patience of Saint Buffet!
#waiting
This has to be one of the most frustrating shares on Aim, Great potential & fundamentals but slowly watching the SP drop constantly without news /updates is so frustrating......