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I agree - I bought into this share on the strength of the amazing research here. Took ages to get my head around some of the scientific details. Bought in at the high too but have been loading up at lower prices since.
@Alinz,
Price tends to retrace (not fall ;-) to Fibonacci ratios. Given this strong move up, I would expect it to retrace no more than 61.8% (low 130s), but realistically, more like the 50% (low 140s) or even just to the 38% (150). There is considerable support at the 140 zone. I will be looking to top up at 150 and at 140.
@alinz
I think it was Stockpedia that I had a trial subscription with. Fell for the marketing gimmick to see what it was they had identified for a stock I was interested in. Turns out it is simply some technicals pointing, not necessarily to a reversal, but to a retracement!
Ignore!
Thank you very much for your contributions. I had not expected such a varied response, and very personal as well. Thank you.
The ride has been very bumpy but grateful that these SYN guys have been 'at it' for the last 15 years so we can now benefit, both financially and medically, just when the world needs it most. (Just need the politicians to wake up!)
Thank you for sharing your investment sources.
Just out of interest, especially LTHs, how did you find out about Synairgen.
I only found out through news channel. I know some of you followed Woodford.
Just curious if you’re willing to share.
I am more cynical.
If the MF writes contradictory articles, depending on how a particular stock does, they can reference one of these articles in their marketing/advertisement. “Look how clever we are to pick a winning stock” or “we warned our subscribers not to invest in this stock”!
Motley Fool - they’re having a laugh at the Fools who subscribe or read their articles!
Price does not move in a linear fashion. There will inevitably be some retracement.
Just as we were oversold when SP was in the low 100s, we are also currently overbought. There have been some technical divergence indicators pointing to a retracement.
Given the strong move up, I would expect price to retrace no lower than the 61.8% zone but more likely less - just to the 38.2% or 50% zone.
These are simply more buying opportunities. I certainly intend to stock up.
Just thinking - after the car crash of THAT last RNS/interview session, you know the one with RM, Prof W and the other prof (can't remember his name) - something good came out as a result.
RM has seen how absolutely sh*t that media session was and must be working even harder to get the message out. I mean, first a positive RNS of an in-vitro study, quickly followed by a Daily Telegraph article and that podcast outlining the targeted use of SNG. All I can say is, good work and please, please keep this up. Keep SNG in the media.
Just listened to this podcast.
5:40 in
" ... we learnt who not to treat and who to treat... and who to treat are people in hospital and people who are very breathless; the sort of breathlessness even when they are at rest or doing very light duties by getting dressed, brushing their hair or cleaning their teeth. "
This is incredibly powerful.
To be able to target such a clear subset of patients is incredibly helpful to the medical profession, and economical to governments so very, very attractive to governments.
Lots of more detail further on but haven't listened to it all yet.
Torny,
WDYT of the upper trend line (formed from the highs of 17/8/20 & 22/2/21)?
Interesting to compare the daily closes (7/12/20 and 14/12/20) and the close today and yesterday. On both occasions, the first day shows a bullish engulfing pattern followed by a large spike. In December, price continue to meander upwards. I wonder if the same pattern will follow today's bullish move.
The upper trend line might prove to be a resistance zone for the short term.
At the moment, I still see a triangle pattern forming - confirmed if this upper trend line remains intact.
Good morning Synners!
FYI Hourly chart shows a potential rebound today or this week into the 120-140s zone. Unless there is exceptional good news soon, the pattern after a recent move down is for price to then retrace back to the last low and could go a little lower still. MACD indicator is still in the negative territory.
I still see this as a wave 4 triangle pattern so will be buying more as soon as I see a divergence and/or a double/triple bottom.
Naewise,
I would agree that RM was not his usual ebullient self. As to the reason, one can only speculate. I theorise that he had issues getting the two profs on board; perhaps trying to persuade them to be more positive and up-beat (and failing). Who knows.
But yes, RM usually has more fire with his presentation.