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Health sector broke above down trendline and also 1/3/24, time pivot, so bullish sector. FAB, broke above sp, resistance on heavy volume, causing the two volatility based Bollinger to separate, meaning fast sp, movement. The upward direction is confirmed by the RSI(relative strength index), cross above 50. The CCI (commodity channel index), crossed above it previous high, meaning a bullish swing failure. The last two major price tops, were 7, so that is a reasonable sp, target. If the lower Bollinger band begins to turn up, expect a price retracement, to begin. DYOR.
Hi saxman303,
The Dr is very negative on the company for sure.
The share price moved much quicker than I was expecting for sure, given the volume last week etc with no movement at all.
There are under 100M shares in issue so not that easy to get stock ( yes the placing shares could be with weak hands - but they've had a few weeks to sell out already, so the over hang doesn't look to be that great especially since they had the chance to sell today & bank a profit but few did).
LOTM
Hi Darkryder,
Usually there are very few FAB trades early in the morning, so the fact a few went through early doors indicated that someone might have been wanting to get in, in a hurry.
Why ?
Well they've been promoting themselves in the USA & Europe just ahead of Easter, so maybe that is leading to new enquires & orders.
Secondly they are recruiting - 4 new positions that applications had to be in for before the 8th of April.
Maybe its a leaky ship, or maybe someone was jumping the gun putting 2&2 together.
There was a clear seller last week & it looks like that line of stock has changed hands, given the speed of the rise this morning against volume traded. Last week the share price wouldn't have moved, you'd just see one or more sells come in after a buy, to keep a lid on the price. Today that didn't happen & they were looking around for sources of stock pre 9am & they were willing to pay 4.11p+ for 50K when the bid was only 4.00p
What happened after that I can't say as I was out for virtually the rest of the day.
It will be interesting to see if there is an RNS in the morning or an increase in trading volume again.
Good Luck
LOTM
Looks like the DR’S short position could be a problem
Welcome back, you weren't missed, this is a STRONG BUY....
Unfortunately, ramping and baseless spikes do not replace previously confirmed details from company RNS releases. There is very limited revenue, delayed projects, financial uncertainty, BODs paid in shares, and severe cost cutting, in my opinion say, this is a STRONG SELL....
Volume since the last placing has been absolutely non-existent. There has been a 10% rise and its been sold into like was previously mentioned. IMO there are 30 million or so placing shares left in circulation so the dump has just started. Questions that should be asked, why are investors dumping if this is such a good investment? Why has the volume been zero in the last month? finally, why would anyone buy these shares with such a large amount of placing shares in the background?
The answer to all 3 is simple, this share is a massive risk and they are desperately trying to find some form of revenue to keep afloat. IMHO....DYOR...
I think that's the key here, they have cash. I try to stay away from any company that doesn't have sufficient cash as the placings at the minute are truly destructive.
Easy hold for me along with a few other shares which are fully cashed up plays at the minute.
IF this can break 10p then there is a gap which needs to be filled at 36p!!
CEO has posted on LinkedIn that they’ve converted many antibodies for Vet Med purposes. a good indication they’re getting traction in this new market then as they weren’t previously operating in this space.
https://www.linkedin.com/posts/adrian-kinkaid-4067395_vetmed-antibodies-challengeus-activity-7183489110097993728-lgqS?utm_source=share&utm_medium=member_ios
Be great if we can close over this level
Haha
Recently raised circa £1.3 million at 4p. Market cap a micro £4 million and partnered with National Cancer Institute in US.
Sentiment towards small pharmas improving all the time so the right share in the right places is FAB. Easy 100% first up.
Looks like placing cleared
Due a good rise,
agree should multibag soon
But, anyone know what’s triggered the upward move? 🤔
Make that 4.30 paid there
Thunderbirds are now GO across at #HE1
I guess it will be another 200M plus traded day by the time I get home later for FAB who knows where the price wil be.
GLA
DISCO
Thunderbirds are Go at F.A.B
GLA
LOTM
4.20 paid there
Well overdue for a run up. When this moves it is fast. Multibagger coming imho.
Here we go! Whoosh
Bid price finally up to 4p!
News soon?
gla
Soon enough, just needs a little volume, only about 25£k stopping it going into 4s
Soon enough, just needs a little volume, only about 25£k stopping it going into 4s