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Volume will return when the price action dictates it. Like it or not alot of people sentiment/momentum trade NCYT. When it gets on a run volume spikes as people take advantage. When and how that occurs is anyones guess, but fret ye not its just a volume pause before we resume.
To be fair to him, he's running a country whilst at the same time trying to bring up a newborn baby. I think all of us with little ones can give him a bit of sympathy when it comes to making a few **** ups through lack of sleep etc
Lets guess what Javid will say... We have it under control due to our successful vaccination program. We should all get boosters. No need for Plan B. Everyone should remain cautious and take appropriate measures. Basically carry on as you are and let it get more out of control...
I think many people are awaiting the spike up and will load up once they see it starting. It is setting higher highs now on the uptrend. I expect to see a large spike at some point in the next few days to take us to the 400 level. The covid situation has got out of control again in Europe, its very bullish fundamentally for Nova right now.
Not sure thats true Twosheds. Isn't it the case that 80% of the positive cases in the Uk are for people who are double vaxxed? 50k plus cases a day even when vaccinated says it all really. Not great for the world, but great for testing and NCYT. If the vaccine doesn't stop you getting it, then you are going to continue to require large scale testings for many years to come, if not for the forseeable future. Markets needs to reassess the testing longevity question i feel.
I imagine as many bears got caught out today as longs did yesterday. Made back all I got robbed off yesterday and then some. This was a classic bear trap today. Its been a long time coming, where is the sell offs that are the false signal rather than the odd spike getting sold into. Its a change, and to me signals the start of the real uptrend again.
Technicals say buy, fundamentals also say buy. Look at the news today, its all covid, covid, covid. Markets taking a beating, airlines, oil, coomds getting battered. It's all because of escalating covid. When technical and fundamental signals combine get ready
Is it a coincidence European countries have escalating cases, when the UK the european country has allowed free travel across the world, with the most relaxed policy (due to vaccine success) and the highest consistant cases... Coincidence, yeah maybe
It is currently continental europe going into covid meltdown. What drives NCYT's share price? Our French cousins. i imagine French news is full of covid news right now and will create huge buying sentiment as a result.
I personally have family in ukraine, and over there it is absolutely devestating. Hospitals are full, people arent being treated for anything but covid. The real case numbers there are incredible. I imagine it is the same in many countries, and it is only the very start of the weather getting colder.