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Q have you got any NCYT on the news that they've just come up with a testing kit?
Closing Price Friday 28th February 2020 Update
Median price: £18.13
Average price: £18.05
Lowest/Highest price: £11.50/£31.50
Should be a green week! GL
And not it dropped.. what is a relevant support for the price?
Trade what you see, so far £12.50 provided strong support and the price bounced every time from those levels, NOT INSTANTLY but it did! GL
Thank whoever took the price back to 12.50 I just got in again! GL
Good thing I loaded some at the bottom! There is no fundamentals for why this should revisit 12.00! GL and bank your profits!
Simonlee! That's where the best ideas come from, hit the bar and share the news! Drinks on me if this hits 10p soon! GL
yes donotpanic, Chinese hospitals, assuming they can treat people!
The MM's are looking for stop/losses, how do you expect them to make money? Of course it won't let any retail scavenger traders take their small profits and go! GL
Can you please take your rant on twitter and insta? Kindly leave this bb for more elevated conversations and please use stop/loss function next time!
Mr_Trader, let's talk some sense, the SP is ranging but so far £12 mark has proven strong support, there are no fundamentals to take this further down, considering this is a heavily audited company being part of the FTSE100.
There should be some updates into the investigation and that can push the SP North.
There are big names tied to this company, and they have thousands of patients daily.
NMC Health operates two business segments, healthcare distribution and services, NMC Trading, which engages in wholesale trading of pharmaceuticals, medical equipment, food and cosmetics.[21] NMC Trading has distribution rights for companies such as, Nestlé, Pfizer, Siemens, Samsung, Sanofi and Henkel.
There is practically zero volume, huge spread and the MM's are just trying deter any buyers buy lowering the price with every sale, hence yesterday's example (-10% on a few sales). GL
Hahaha, epic punch line Dark_Knight2020! GL
Dodger, I am not trying to scare anyone here, it's market sentiment, MM's and II's that move the market, retail traders/investors just nag on this BB's when the price doesn't go in their direction, I am not scared and not trying to intimidate anyone, I am trying to trade what I see not what I feel. Like I said, the fundamentals are solid with HUR, I am waiting for a good entry to go long, I am not shorting, for all those who are waiting to buy be patient, watch the trend and horizontal supports, because the fundamentals did not matter! GL
score, you're a trader, the price is in free fall right now! there is no support and the very compelling strong RNS didn't not managed to reverse the trend! GL
Oil is dropping, fears about China are affect the global economic growth, Tesla all times high.. market sentiment is bearish, but fundamentals with this company are solid. Take your best shot at going long, I'm waiting for the 10p's! GL
This is now in the hand of traders and speculators, nothing adds, no fundamentals, no T/A. The downtrend is clearly defined and it seems that not even good news can reverse it, this will probably fall back on the 10p mark. Every spike in the SP is attacked, regardless of the fundamentals! GLA!
acrossthesea, great points and you are right, there is a difference between people using spread betting accounts and LTH's.
LTH's are here to make noise instead of looking for other opportunities, traders go where the smart money go, hedge funds! GLA
https://shorttracker.co.uk/company/GB00B580MF54/
If you thought that the price will just simply jump after touching 24p support, well that makes two of us, and that would have been the case if the oil wouldn't have lost almost 10$ /barrel. GL
Maybe off topic, but this company having operations in China. Could that affect the SP today and in the following days? I am tempted to load one more round on this, currently 11p. But I suspect it might go under 10p just before the jump. Any opinions? Cheers