Faron Pharmaceuticals for 15/07/2020

#FTSE #DOW Faron Pharma were the scene of a cracking prediction from February. We’d given 559p as a (frankly surprising) ambition and it peaked at 560p on 1st April. This is also why we like emails from folk as we don’t have time to check every single analysis! Since #Faron produced this result, unfortunately things have gone a little pear shaped and it’s now flirting with danger.

 

Presently trading around the 300p level, Farons share price presents an issue should it now stumble below 285p as this is liable to trigger reversal to an initial 260p. If broken, our secondary calculates down at 159p and hopefully a rebound. Visually, there’s a major issue at the 159p as the price becomes solidly embedded in the land of “lower lows”. Should the company wish to truly damage their prospects, issuing negative news could easily propel the price to 104p and “that’s it!”

We cannot calculate anything below 104p, so must regard this as an ultimate bottom level. Even the chart tends agree with this computation.

 

As always, there’s a ‘However’ worth paying some attention.

 

Should the share price discover an excuse to trade upward beyond just 315p, we can work out an initial ambition up at a pleasant sounding 345p with secondary, if exceeded, calculating at a very significant 385p. Such a price level would present an excellent time for Faron to issue positive news, thanks to a ruling attraction at 508p.  As the chart shows, closure above 508p at any point in the future (Covid-19 2nd Wave, anyone?) shall almost certainly prove game changing for this share price due to some surprising Big Picture prospects.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:30:02PM	BRENT	42.98
9:31:48PM	GOLD	1809.04									Success
9:46:22PM	FTSE	6200.37	6126	6103	6066	6174	6214	6236	6271	6158	‘cess
10:01:06PM	FRANCE	5029.5									Sorry
10:05:18PM	GERMANY	12796									‘cess
10:08:36PM	US500	3205.64									Shambles
10:12:22PM	DOW	26835	26355	26221.5	26017	26536	26835	26931	27064	26580	Success
10:14:27PM	NASDAQ	10717									Success
10:16:37PM	JAPAN	22735									Shambles

14/07/2020 FTSE Closed at 6179 points. Change of 0.05%. Total value traded through LSE was: £ 4,525,816,471 a change of 16.23%

13/07/2020 FTSE Closed at 6176 points. Change of 1.33%. Total value traded through LSE was: £ 3,893,865,356 a change of -14.27%

10/07/2020 FTSE Closed at 6095 points. Change of 0.76%. Total value traded through LSE was: £ 4,542,024,650 a change of -0.44%

9/07/2020 FTSE Closed at 6049 points. Change of -1.74%. Total value traded through LSE was: £ 4,562,272,376 a change of 3.26%

8/07/2020 FTSE Closed at 6156 points. Change of -0.53%. Total value traded through LSE was: £ 4,418,238,580 a change of -6.59%

7/07/2020 FTSE Closed at 6189 points. Change of -1.53%. Total value traded through LSE was: £ 4,730,023,410 a change of 2.54%

6/07/2020 FTSE Closed at 6285 points. Change of 2.08%. Total value traded through LSE was: £ 4,612,670,070 a change of 43.54%