Petro you're talking gaga! Actual RSI is 45.5
5, 10 and 200 day moving averages indicate a buy. Stochrsi has to be weighted with all other pointers not just by itself. If you don't understand this get a book like "The Zulu Principle" by Jim Slater, the bible of investing.
Net sales are forecast to rise strongly in the next few years. But there’s no profit on the cards as far out as 2026.
The technology does sound good (as far as I understand it). But the company’s finances don’t look great to me. For the year ended June 2023, Renalytix recorded a loss of $46.2m. At least that was down from $56.7m the year before, but there’s still a lot of cash burn happening!!!
What the placing says to me is that the company know what things are in the pipeline so they could command 4p rather than a diluted price which usually occurs, great business......Hemo is another on the up today.
Cheers, Alamo😎🤘
Micho.....anybody who posts "Strong sell Imho" knows zero about investing. Stick to what you do know and not what you don't know as that way you might get a bit more respect rather than pontificating stupid guesswork.
🔨🔨🔨🔨🔨🔨🔨🔨⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️...warnings went unheeded.....how many times has this scenario played out by rampers with a spike and loss to others. Read "The Zulu Principle" by Jim Slater if you don't understand investing for profit.
Mr Harry Houdini @ AustroHungar
On a rating #Renx are starting to look over bought, fair value at 70p, shareholders are riding the wave but unaware of the pitfalls...Sell! #Hemo, massively under the covers, FDA approval last week for what is going to be the golden goose!......Buy now!
HEMO’s price hit a high of 13.4p in exceptional pandemic conditions three years ago, since when it has fallen back at the time of writing. Approval (which we have) from the FDA for Phase I trials should help regain that value.
People are selling Renx and moving in here, expect an on rush soon as FDA approval is the golden ticket verse.
Cheers Alamo😎🤘
I sent a 2nd email to the company last week concerning the sp drop amongst other things for clarification, they have not answered, disappointing. The 1st email they answered the day before the rns which was coincidence but a refusal to answer the 2nd. Tomorrow I will start a sell drip feed of my share club's holding as now we all feel the same that Dest will drop further. CT can redeem his reputation if he strikes a deal but on reflection that won't happen soon bearing in mind the last two rns's. We have quite a large holding and need to make a profit which we bought in March last year so apologies if our sells influence the sp somewhat but we think Dest is at a tipping point and the next support line is 27.
Brooko.....one minute you're happy to hold regardless of how low it goes which suggests down to zero, the next you're contradicting yourself by saying "obviously if I became worried I’d sell", how do expect to be taken seriously with those two points of view?!
I've never put in stops up until here and I've been investing for nigh on 50 years now. Felt the need here because not happy with bad communication vibes. CT could have, as others have said, done better job with the rns's. As a seasoned CEO he understands that a badly worded rns would knock the sp heavily which it has done. I got stopped out on my personal holding but I am involved in a share club which is heavily invested here and I was overruled as to selling the holding.
Whether CT comes up trumps is now under scrutiny, the sp speaks volumes imo. It's a waiting game but any further drop in the sp will turn into an avalanche of selling if it continues.