Novacyt for 6/02/2020

#France #SP500 A bunch of emails asked about Novacyt, a company we’ve never come across. A glance at their website gave a pretty solid reason for the interest, “Coronavirus Test” and “infectious disease products” mentioned on their homepage.

The company certainly sound like they may be in the right place at the right time, certainly as far as folk trading shares listed on the AIM are concerned. With media ensuring fear is kept at absurd levels, the share price is not going to need enthusiastic fanboys spamming internet discussion forums about the potentials of their products.

From our perspective, we obviously suggest anyone interested take a hard look at the company and their product range, along with taking cognisance this is an AIM listing, perfectly capable of irrational behaviour in every direction.

At present, it’s trading around 36p, needing above 57p to confirm the potential of movement up to an initial tame 66p. To be fair, even above 48p shall make us sit up and take interest, this giving an early sign the immediate reversal cycle has bottomed. If 66p is exceeded, things get a lot more interesting as our secondary is at 92p, along with a need to review the tea leaves again.

Equally, we can also mention the absolute highest we can compute is at 124p. But if they’ve indeed discovered the AIM equivalent of a goose, golden eggs, etc, there is absolutely nothing stopping it going higher.

The immediate reversal cycle, while probably scaring a lot of private AIM traders, should hopefully bottom anytime soon before the 34p level, if our calculations are correct. We’re also showing a danger level at 31.5p, movement below this point implying the real risk of reversal to 19p. We cannot calculate below such a level.

Hey, chart goes here

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:05:25PM

BRENT

55.65

               

‘cess

10:06:50PM

GOLD

1556.82

               

10:09:31PM

FTSE

7502.52

               

Success

10:12:03PM

FRANCE

5993.5

5943

5920

5892

5970

6004

6022.75

6060

5943

Success

10:30:10PM

GERMANY

13511

               

Success

10:32:23PM

US500

3338.02

3313

3302.5

3290

3329

3340

3347

3357

3313

Success

10:35:40PM

DOW

29316

               

Success

10:38:04PM

NASDAQ

9382

               

Success

10:40:16PM

JAPAN

23697

               

Success

 

 

5/02/2020 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 7,970,542,064 a change of 19.14%

4/02/2020 FTSE Closed at 7439 points. Change of 1.54%. Total value traded through LSE was: £ 6,690,102,462 a change of 18.21%

3/02/2020 FTSE Closed at 7326 points. Change of 0.55%. Total value traded through LSE was: £ 5,659,461,897 a change of -7.45%

31/01/2020 FTSE Closed at 7286 points. Change of -1.29%. Total value traded through LSE was: £ 6,115,076,170 a change of 9.99%

30/01/2020 FTSE Closed at 7381 points. Change of -1.36%. Total value traded through LSE was: £ 5,559,853,454 a change of 15.61%

29/01/2020 FTSE Closed at 7483 points. Change of 0.04%. Total value traded through LSE was: £ 4,809,159,339 a change of -5.83%

28/01/2020 FTSE Closed at 7480 points. Change of 0.92%. Total value traded through LSE was: £ 5,106,872,635 a change of -10.29%

This post has already been read 310 times!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.