RE: New Products1 May 2022 14:36
Roly12
News is needed to drive us to the next levels for sure but not always what drives Aim companies. Technical levels also play a vital roles. All too often I’ve seen quality companies produce fantastic news only for a sell off to follow. This time however I truly like you believe news is needed. Any good news could help us move through the resistance around 2.5p. This is the figure I’m watching because if we break it with momentum then the graph would need to be redrawn to the upside given a golden cross formation would be in play. The flip side to give a balanced view is we could also sell off at 2.5p in which case higher lows would would come into play for support around 2p.
I truly believe we could move higher significantly with positive news on current sales, new product launches and update on current contract with Boots etc.
The one big positive is we are slowly moving higher in a general down market. Buys came in over 2.25p on Friday only for it to be taken down in late afternoon on thin trading.
I also think there are many great opportunities to grow through acquisitions because many stand alone Covid companies are vulnerable in these markets. We a proving we are more than just a Covid company.
Good luck all.