Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Todays news is of large strategic value to PYC and investors. This contract is onboarding a new very large client with a significant Oncology Arm to the business. It opens the door for many more contracts and gives PYC increased likely hood of a takeover. A big contract could still be in the pipeline with clients such as GSK and investors/traders can feel confident holding or entering at these levels as PYC is now operating at profit so reduced need in the short term at least for fund raising. Big support at 7.16p level, so I see this share ranging between 7s and 9s for a while untill next news comes along. Great company, making fantastic progress.
Technically this is set up perfectly for a rebound as it is having a deep pull back in a trend that is rising. Its taking a little longer than expected, but this will bounce up to 1.5p soon. Then onto 2p
What is this obessession with Riddler? The share has done what he said it would do from when it was under 2p. Its now over 4 times that price and was 8 times that earlier in the week. How can you blame him for a sell off from 17p? Its a joke. You want someone to tip a share at a cheap price and then moan when it rises. Every share on aim has a sell off from a big spike. If this share only hit 9p and tailed off to 8p, no one would complain. The fact it hit 17p and dropped back to 8's, then people moan!
I think a drop back to 1.4p after lunch and then a big finish to 1.8p!
Yeah we have resistance 1.6p mark. This will possibly retrace to 1.35p before another test. Shouldn't take long to break 1.6p though. A few more sessions maybe? Or maybe today or tomorrow? Either way, we will break it
Of course it will move north. It is on an upward trend, creating higher lows and higher highs. Yesterday it got a little carried away. But now we are at a more sensible price. 14p is probably going to be hit again later next week as thats the technical target. I can see 10.5p being hit soon though. We will bounce around 8.5 - 10.5p for a few sessions, then climb gradually back up. That high of 17p I wouldn't rule out being hit again in a couple of weeks. We are likely in talks with a big pharma like GSK. Even if the project isn't huge as a first contract, a project with the likes of GSK would be strategically a huge win and will likely lead to mant more and perhaps a high chance of a takeover. Then we see 30p +
Took a bit longer than expected, but tree shake done for sure now. New bottom is 8.5p. Now we test the technical resistance of 14p again
1.51 to sell to be more precise
Sorry my mistake, 1.5p to sell
1.54p to sell!!!!!
There is nothing wrong with this share. Its the way its traded that is the problem. Riddler tipped this at a very good price. Anyone investing without reading research, knowing placing history, fundamentals etc is not going to make the right decisions. The share is fine. The company is fine. The technology the company has developed for drug development is ahead of the game. When it drops, buy. When it rises sell some. And let the rest run. How hard can it be?
Riddler has been tipping this stock for a few years, back when it was under 3p. I have been in and out of this and always sold at good profit following his tips on this. Todays share price, despite the drop, is at least 200% up from when he was tipping this earlier in the year. So anyone who followed him and was patient will have had ample opportunity to take handsome profit. This is aim remember. Anyone who is at a loss on this now, clearly didn't buy when Riddler recommended you should have bought under 4p. Anyone buying in over 15p are the foolish ones. Buy low, sell high. Simple
Back up we go!
Rubbish. 168 was the bottom, which was strongly rejected. This will head towards 240 and attempt to break that. Might take a few attempts, but 168 is clearly a base and buying is too strong at that level to breakdown beneath that. Once we break 240p, this is going to 420p. No problem
There was a brief period where it was no trade to buy at least £1k this morning
Nice period of consolidation ready for a big move now
1.5p first target here on rebound
Charts set up nicely for a strong rebound here
TA showing a breakout now. Month of consolidation complete with RSI remaining over 60. 12p next stop before news!
can it break 140 on the next attempt