RE: Technical analysis: Valirx11 Oct 2020 14:48
Yes agree with others as the 50 dma is a good support for VAL now and consolidated nicely last week IMHO.
I also think that 30p / 40p is fair value but even at 60p is just a 25mn mkt cap which is a quarter of the mkt cap of other AIM bios, albeit some very different IP and strategy or if you want to be super bullish, a ninth of the highest mkt cap being SYN. I admit, very difficult to find another like for like bio, but VAL has 201 and 301 looking for JV’s, BC201 early days plus 401 subject to funding in the final throws of P3.
GLA.