RE: Simplywall....Novacyt6 Jun 2020 20:03
The charting software reports a clear trend change and "sell" position. I think there will be strong support at 200p although it might break below to 190p before a bounce.
Mind you the warning signs were also flashing at 440p when it fell from above 500p.
My opinion (as you ask for it) is that NCYT is getting nearer fair value now but has a way to go yet. I put that at 160p until there is clear news on profits, production and other products going forward. That is still a huge increase in mkt cap from February. That price is 80p lower than current which sounds a lot but not compared to the fall already seen. Those buying these at over 400p are already seeing a growing loss. I have no doubt that many of the rampers on here pushing £10 and more etc were quietly selling out and have rather disappeared from this forum leaving many heavily down.