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Might get a bit jittery at around 13.5p-14p as its a reasonably strong resistance level. Coupled with the quick and strong % rise since the 9.2p lows

Interesting week coming up by the looks of it

Fair enough Pedro, apologies for my false assumption.

Hi oak,

we will see what next week brings.

My experience has taught me that we know nothing of whats going on behind the scenes of any company. A surprise RNS whether it be ethical investigations, or disappointing sales or indeed better than expected sales and or profit margins, we only know after the event.

if I may use Pedro as an example. He seems convinced that BOO is over priced which is fine, its his opinion but there seems nothing that can change his mind and that that mindset, I think can lead to missed opportunities.

The more anyone digs themselves into a view can find it harder to admit they might have been wrong.

I will decide when to get out of Boo when I think I have enough profit or the situation looks like changing but ultimately i may end up making 15/20% on a stock that may ultimately go down in value from where I originally bought in.

That may again for the sake of an example exonerate Pedro's view and analysis. But he won't have profited and I might.

And given the idea is to make money that may beis something to consider?

By the way this is not to push TA , the point is perhaps to be more flexible and don't get so emotionally caught up in a stock where it becomes more important to be proved "right" rather than make a profit (if you can.)

PP1, that is some turn around you have gone through. I remember when you had me filtered and told me and others here how evil I was and all the rest of it. Obviously at the time I had a different view to you.

(I think I may have mentioned at the time the limited use of BB's for investors)

Ice's logic of a floor around the bond price at 89p has been supported by the SP intra-day action today so I too have added a few around here too.

Sorry, numerous errors:

It depends on the time intervals used. For instance I use close of play prices as I expect to stay in the stock for a number of days or weeks. As a result the close was a new recent high yesterday at 38.02p. So by that time interval 40p has not been reached yet. But yesterdays move has broken through a resistance at 36.48p which is further confirmation of the recent upward trend."

Hope that makes a bit more sense

It depends on the time intervals used. For instance I use close of play prices as I expect to stay in stock for a number of days or weeks as a result the close what a new recent high yesterday at 38.02p. So by thast time intervay 40p has not been reached yet. But yesterdays move has broken through a resistance at 36.48p which is further confirmation of the recent upward trend.

If you look at the day chart yesterday then it came off the top at 40p but has moved up since so it does not show particularly more falls are coming. (More falls might come of course but the chart is not saying that)

But the thing is if you use a day chart then its all about intra day movements with typically a 1 minute and 5 minute time interval to see what the charts might be saying. and has no particular bearing or forecast on any longer term moves.

(Its a bit like saying the sun will be stay out for the next 15 minutes because you can't see a cloud in the sky, but that is not much use if you are trying to forecast the weather in 3 days time.)

So if you are trying to predict where the SP is going over the short/medium term (say 1-4 weeks) you would not use a 1 minute time interval, intra-day chart, to help with that.

Well done Ice: " In the meantime, I will be topping up considerably once the floor hits 89.5p-91p......so anything under 89.5p is a total bargain."

So you will be a buyer but only if the price is lower than it is now. You could almost say its buyers that try and force the price down?

Right now with the 95p support gone it looks more likely than not that it will fall a bit more. The next support is 83-85p and without new news being released it looks to me that may well be tested.

The fact that someone as enthusiastic as Ice won't buy at the current level is probably a good indication as any where the SP is going.

ES, "I’m baffled and RAH is right the Market is thick as mince"

What happens when AVCT issue an RNS or have a investor day etc?

The SP reacts right? That means people (the market) are reading the RNS's. They are not actually stupid, so given the market is keeping an eye on AVCT then the SP is not due to the stupidity of the participants. (I would also draw your attention to the fact the SP has been 3 times its current value in the last couple of years so the market does not have a problem understanding what AVCT does at any given time.)

Here are some questions for you.

When will this part of the trial complete?

When will P1b start?

When will the first data from P1b be released?

What will the data say?

Is there enough money to see the trial through?

Is the DX division losing or making money?

When will the tech (assuming it works), be monitised?

How much profit per dose/treatment will AVCT make?

Will AVCT be bought out? and if so when? and for how much?

Will AVCT go it alone? If they do how much do they need?

Will Affimers become a new testing treatment? and if so when?

How big and by when does AVCT want the DX division to grow to?

Does it need to raise funds to do that?

Every answer is "I don't know", which is perfectly fine, but given those few questions and there are loads more, shows that right now there is too much uncertainty for the market to commit in the way we think it should.

This stock I think will catch fire one day, I don't know when that day will be, but all of a sudden it will. I am sure we will all pat each other on the back and say how smart we were to get in where we did, but remember this: 3 years ago the SP was 145p.

Successful Investment is returns measured by the time held.

I have said before the market won't care buying in at 200p or more per share if they see a runway to greater share appreciation within a reasonable timescale.

Timing is everything, absolutely everything.

Might be a buy? (would make more sense...)

Well, the close is above 10.2p...... looks promising esp as (assuming this holds) the next target is 13p which (imo) is a very encouraging risk reward ration from here

Sp action (if this holds) suggests a leak of some sort?

Hi Oak,

Its not really about the percentage of what will likely happen.

There are chart patterns combined with indicators, that over many examples have shown a greater chance of predicting accurately where the SP is headed. But its not certain, hence why a stop loss is just as important as the original bet.

Once my criteria is met then I "expect" the move to be up ( So I guess to answer your question is I am 100% expecting the SP to rise because if I had conflicting signals then I would not place the bet in the first place.)

But of course I could be wrong and if the price falls to a level where I believe the market is telling me I was wrong (my stop loss) then I sell and take a relatively small loss.

AS you can see it takes all the emotion out of the trade and at the same time always reminds me that I never know what's coming so its best not to get hung up on any particular view.

So for instance, the SP could fall into the 20's and I might be ribbed here that I was wrong and charts don't work etc etc. Except I don't care inasmuch, I knew I could be wrong right from the outset, all I care about is over a period of time, am I right more often than wrong? and that is easily seen by my account.

Cheers

For a couple of weeks now it looked to me that a potential reversal was underway, so far there has been no contradictory chart action to change that view.

Hi pedro, well thats what makes a market i guess. :0))

I see the chart showing more chance of further moves up yet you see it as confirming its still in a down trend.

Pedro, a long term down trend is in play, right up to the time where it isn't and reverses.

Nothing is certain so a chart is just the graphical representation of the buying selling activity which allows the individual to weigh up the odds of the next move.

Its been 6 weeks since the low and it has been tested twice in that time (but held). There are other indicators as well as the chart itself that are typical of a reversal that are also in play on Boo. However, a reversal is usually the hardest to get right as it turns, as you are correct in thinking it might just be a pause before falling again.

Thats why somebody who uses charts does not predict what will happen in terms of any certainty but simply looks for indicators that increase the odds of the likely next move. Thats why having a stop is just as important as any other feature of TA. It recognises the chance of an incorrect bet and therefore money management is crucial.

Broadly speaking if you get 2 out of 3 bets right you will make money which is why the risk reward ratio tends to be a minimum of 3-1.

Well, the SP always has its 2 options.

Still there is a rough 4-1 risk reward on offer for the first target and then 60p would be next target so the risk reward ratio is looking attractive to traders. (but not day traders)

The downtrend, to be confirmed, would now need a close below 32.5p. A close above 36.5p would be yet further confirmation a reversal is underway.

Yes they do now LDA, any idea when that will be?

"If there were, the share price would be going up and not going sideways and down."

Well, fwiw the recent chart is showing higher highs and higher lows so there is an uptrend currently

"I dont think that a non HARL shareholder is in a great place to judge shareholder value."

What? Doesn't every non-Harl shareholder judge the value of the company before deciding to be a shareholder (or not).