Food for Thought15 Oct 2018 11:18
I would like to touch upon an area of discussion although maybe controversial, but relevant, and that is Technical Analysis.
I do find the statement about the floor for TMO warrants (24p)according to flipper's analysis interesting as it coincides with an interesting aspect of technical analysis. Let me explain.
When a share price is showing higher highs and higher lows over time(especially after a significant fall), gaps in a chart tend to be filled on a high percentage. This has happened with lloyds(5/5/2011@52.9p), HSBC(04/01/2016@572p) and many more shares over time. If you look at a daily chart of NIPT on the 02/07/2015, you will notice a gap from the price 23.48 pence that has not been filled yet!! So looking at past performance of share's filling gaps and flippers comprehensive fundamental analysis, it doesn't take a genius to work out the potential gain from here.