Member Info for Raphaking

I should start by saying I'm a long term holder (first bought at 19p) and of the opinion that SNG will eventually go to 500p or higher.

However, it's worth noting that the on-the -day gains following the announcement of P3 results is unlikely to replicate the 500% rise we saw after P2. Why? Because the likelihood of good P2 results is much lower than good P3. Only 15% of respiratory drugs going into P2 get to market, compared to 80+% going into P3.

Indeed, the average share price gain for biotech companies on announcement of positive P3 results is 23%.

Obviously since SNG only has one drug, its market cap is likely to be much more significantly affected by positive P3 results than a company with a whole roster of drugs already on the market.

But people on here are talking about a 300% rise on the day P3 results come out and that seems just a tad overbullish to me but delighted to hear other views.

By the way, in terms of risk, the average decline following bad a P3 readout is over 70%! But let me quickly add I'm certainly not expecting that at all and think P3 will as good as we all hope.

300% gain over the next year very possible!

#sng a tale of 3 triangles. Triangles indicate indecision but, as u can see, 2 have already been resolved with upside breaks. The larger pattern implies 500p in due course. #sng in now a smaller triangle which again should break on the upside, triggering move towards ATH. https://t.co/k3zLH1rmy4

#sng Consolidation since Oct vertical move still looks a lot like a flag. Flag consolidations are tight, last max 3-4 weeks on low volume, and are followed by another vertical move similar to the 1 prior to the consolidation. So if I'm right 260 poss very quickly on upside break https://t.co/jB8inOBD8o

#sng daily closing chart is a thing of beauty. Textbook breakout from triangle indicates 500p in due course. And look how the consolidation within the triangle took place above 2014 high. The longer term chart indicates we could go as high as £10. https://t.co/0rYtN7wHnV

#sng daily closing chart shows perfect backtest in early October of the broken downtrend of the triangle. That upper parallel, which is now the target, looks to be around 500p, doesn't it? https://t.co/VQCU8906sa

#sng @Synairgenplc I've been talking about the 440 target resulting from confirmed head & shoulders base, but look at this daily closing chart: breakout from triangle implies eventual move to upper parallel, currently nearing 900. https://t.co/TMeUnfgxNN

#sng finally breaking neckline of large head & shoulders base on good volume. Target now 440.

I've been told technical analysis doesn't work on a share like #sng but just look at this long term chart: a textbook triangle consolidation above the 2014 high which, after an initial failure, was finally overcome last year. Only a matter of time before this heads much higher. https://t.co/VcCE2QWtBQ

#sng again cutting the neckline of large head & shoulders base. Bunching of 1 mo, 3 mo and 1 year averages suggests big move coming. Once the neckline of h&s is overcome in a decisive manner, target becomes 500+. Patience about to be rewarded? https://t.co/73B8ls9d6e

#sng again cutting the all important downtrend from 2020 highs on the weekly chart. The other times this has happened, it has fallen back below the downtrend before the end of week. Different this time? If so, look for much higher levels (500+) in due course. https://t.co/f8bdUWYWBO

#sng @synairgen Over the last year or so, when the Stochastic indicator has been this low, a significant bounce/rally hasn't been too far away... https://t.co/80ECpNdypa

#sng Upturn in weekly Stochastic from very oversold level gives confidence that large head & shoulders base on daily chart will soon be confirmed. Needs neckline at 170 (touched today) to be overcome. Target will then become 500+. https://t.co/MYntnm0Yx1

#sng yesterday closed back above both 3 mo (145.6) and 1 year av (143) and all eyes now on neckline of large inverse head & shoulders at 170. Break above needed to confirm pattern and 500+ target. Note significance of Stochastic upturn from v oversold level on weekly. https://t.co/IQA1BGvEQD

#sng Key day reversal (lower low and higher high than yesterday with close at high of day) after hitting One Year Average is good behaviour. Now can #sng follow thru and break 2021 downtrend, currently at 150? https://t.co/ipbLfYK1nq

#sng caught between support at 140 and resistance in the form of the 2021 downtrend, currently just above 150. Weekly Stochastic fast approaching same oversold level as prior to July 2020 surge. Stay long, stay patient! https://t.co/T7VF84HSnT

#sng holding trendline support (just!) and could well be forming double bottom with 140 now important support...170+ would be good, probs triggering test of 200. 200+ unlocks 500+. https://t.co/dA3LOK8mLa

#sng 200+ confirms large head & shoulders implying 500+, possibly 1000. RNS could, of course, come at any time, triggering rally, but... weekly Stochastic has fallen < 20 before each of last 3 big upswings and that won't happen for another 2/3 weeks. Different this time? https://t.co/BLAuu4oIGq

#sng Always v sceptical re broker forecasts so don't attach importance to Numis' £10 target. However, I'm a much bigger believer in charts + that upper parallel must be c. £10. 200p+ required to confirm breakout from head & shoulders base, triggering 500+...and eventually £10? https://t.co/9ziT2wGCmL

#sng tick tock...how long before big inverse head & shoulders pattern is confirmed? Not much longer at all imo. 200+ triggers 500+ target. Low point of right shoulder is last week's 140 nadir which shouldn't now be broken. https://t.co/Ofzx4RCnzp

#ocdo daily MACD has turned up from extreme oversold level. Same story for weekly Stochastic. Bouncing off long term support. Short term, move thru 2220 will confirm double bottom and signal low is in place. https://t.co/nsKrcbQI9j