RE: CHP - FT Mention5 Sep 2011 00:14
I'd prepared the next bit without realising I'd looked at ARC 9 months ago. Here's the blurb I was going to write tonight. Essentially, nothing has changed, so it's still a risky punt!
ZERO idea what ARC do or why they bother doing it. This was a weird wee share I was asked to look at from a chart perspective and in every way but one, it's decidedly uninteresting.
What is interesting is the fact the share is still listed on the AIM market. Chartwise, one would have thought it was going to give up the ghost in 2010 but instead has struggled along with a minimal price.
Currently, it's at 0.15 of a penny.
From a chart perspective, if it manages to struggle above 0.32207 of a penny, an interesting potential presents itself. It should spike up to as high as 1.12p. Definitely not a buy recommendation, just a suggestion that this lot may be of interest some way down the road. Do bear in mind I am suggesting the price MUST more than double before it becomes an interesting stock.