Shares to watch

dgmx5

Member
Messages
350
Is Greatland getting battered? Is it not just people taking profits who have come in for the short term? Plus it seems the markets are struggling for confidence because of coronavirus and the impact that will have on both demand in China and on the general supply chain.

Genuine questions as I know little of these things.
 

Wattie

Member
Messages
3,624
Is Greatland getting battered? Is it not just people taking profits who have come in for the short term? Plus it seems the markets are struggling for confidence because of coronavirus and the impact that will have on both demand in China and on the general supply chain.

Genuine questions as I know little of these things.
Time will tell, certainly pullbacks are healthy but only if it goes up again.
I’m still out and watching.
 

AT3200AC

Junior Member
Messages
60
Is Greatland getting battered? Is it not just people taking profits who have come in for the short term? Plus it seems the markets are struggling for confidence because of coronavirus and the impact that will have on both demand in China and on the general supply chain.

Genuine questions as I know little of these things.
Greatland has certainly taken a bit of a hit the last two days but still up on the start of the week and making good progress. I admire people like Froddy who can read a chart and look at trends but I am purely a research man. Started watching about a year ago and monitored the companies progress through 2019.

I won’t bore you with details but my expectation is 4p to 6p range until the end of March assuming no big announcements then a slow rise into the next Havieron drill results through April. Assuming all is well with the results then a re-rate to 10p perhaps. Long term I would look to market cap and the CEO aspiration to grow to a £1bn company. that’s 25p per share but I would be long gone by then....
 

Froddy

Junior Member
Messages
117
Greatland has certainly taken a bit of a hit the last two days but still up on the start of the week and making good progress. I admire people like Froddy who can read a chart and look at trends but I am purely a research man. Started watching about a year ago and monitored the companies progress through 2019.

I won’t bore you with details but my expectation is 4p to 6p range until the end of March assuming no big announcements then a slow rise into the next Havieron drill results through April. Assuming all is well with the results then a re-rate to 10p perhaps. Long term I would look to market cap and the CEO aspiration to grow to a £1bn company. that’s 25p per share but I would be long gone by then....
Please don't worry about the pullback, everybody - as Wattie says, pullbacks are healthy (and are completely normal).
The stock's behaviour today is encouraging, as it has pulled back to the 4 level and then bounced. On the monthly chart, 4 has previously been resistance:

The price action looks good, not only because a fall below 4 was today rejected (i.e. there are now buyers at 4, and what once was resistance may now be support), but also because price closed above the 8 period exponential moving average (the yellow line):

AT3200AC's 6p range is logical for two reasons: first, the sellers came in yesterday at 5.89; secondly, it coincides with the 4.236 Fibonacci extension of the prior swing on the monthly chart:

These moves are not random!

The stock is very extended, and a period of consolidation is highly likely - patience is required if you're in this for the long haul. There will be ups and downs whilst the moving averages play catch up, testing your patience/emotions ...

Fingers crossed, chaps!
 
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Wattie

Member
Messages
3,624
Thanks for the input, i'm definitely gonna have a punt on it....when it settles down.
After the Fed talk I'm also considering an S&P, DJI or Nasdaq tracker....

Anyone recommend any?
 

Froddy

Junior Member
Messages
117

midlifecrisis

Moderator
Messages
7,743
Starting next week? Why, that wouldn't coincide with monthly options expiration by any chance?!!! As I said last night, Big Money needs to crush the longs before next Friday ...
Other than the SM P Up, what's happening next Friday?
 

AT3200AC

Junior Member
Messages
60
Please don't worry about the pullback, everybody - as Wattie says, pullbacks are healthy (and are completely normal).
The stock's behaviour today is encouraging, as it has pulled back to the 4 level and then bounced. On the monthly chart, 4 has previously been resistance:

The price action looks good, not only because a fall below 4 was today rejected (i.e. there are now buyers at 4, and what once was resistance may now be support), but also because price closed above the 8 period exponential moving average (the yellow line):

AT3200AC's 6p range is logical for two reasons: first, the sellers came in yesterday at 5.89; secondly, it coincides with the 4.236 Fibonacci extension of the prior swing on the monthly chart:

These moves are not random!

The stock is very extended, and a period of consolidation is highly likely - patience is required if you're in this for the long haul. There will be ups and downs whilst the moving averages play catch up, testing your patience/emotions ...

Fingers crossed, chaps!
Interesting analysis. Thanks.
 

Wattie

Member
Messages
3,624
So I reckon it’s profit taking time.....holiday in the US on Monday, that’s 4 days of PEN1S data and that cannot be good......numbers will be higher......much.


:geek3:
 
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AT3200AC

Junior Member
Messages
60

Froddy

Junior Member
Messages
117
Totally agree that it's not been a great day for Greatland; it has, at least, held support at 4.

The FTSE closed at its low of the day, having sold off for the entire afternoon. Greatland did the same. I don't think anything more can be read into this, and only time will tell (see below).


The more Greatland manages to defend 4, the stronger that level of support will be. What we don't know, and can never foretell, is whether it will continue to do so ...
 

Wattie

Member
Messages
3,624
NCYT tipped.

Novacyt S.A.

14 February 2020

Novacyt S.A.

("Novacyt", the "Company" or the "Group")

Update on CE Mark Approved coronavirus test

Paris, France and Camberley, UK - 14 February 2020 - Novacyt ( EURONEXT GROWTH: ALNOV; AIM: NCYT ), an international specialist in clinical diagnostics, is pleased to announce that, further to its announcement on 7 February 2020, its subsidiary, Primerdesign Limited, is on schedule to launch a CE-Mark approved nCoV test in the week commencing 17 February 2020. The Primerdesign website has commenced taking orders for the CE-marked test ahead of the planned launch next week.

- End -65607