4d Pharma PLC for 16/09/2020

#SP500 #CAC40 We’ve received a few emails regarding 4d Pharma, share code DDDD and it appears those getting in touch have ample reason for their interest. A glance at their news release history obviously unearthed the inevitable mention of Covid-19 tests, along with a rather intimidating number of fields the company appear to be active. It’s an interesting one and thankfully, their share price looks poised to repay the interest.

 

Historically, 4d Pharma has experienced a pretty rough ride, the price nearly reaching the 11 quid mark before experiencing relentless reversals since 2016. There are a couple of items worthy of comment, hopefully able to prove important for the longer term.

Firstly, the Covid-19 drop in March took the share to an arithmetically perfect bottom of 24p. We cannot calculate below this level but who cares? The bounce in the period since has been pretty impressive.

Secondly, the market opted to Gap (manipulate) the share price above the Blue downtrend in April, hopefully sending a clear signal that everything has changed and an entirely new trend is commencing. If we take this Gap at face value, it was supposed to generate price recovery to 139p, something the share achieved earlier this month and now, the price has actually closed above 139p. This should prove significant as movement next above 149p looks capable of driving recovery to 181p initially. If exceeded, our secondary calculates at 235p.

Visually, there’s an expectation the 235p level shall provoke some sort of hesitation but closure above this level should prove really game changing for the longer term, the share entering a region where 651p works out as possible.

 

For the present, we’re fairly optimistic against this one, the price needing trade below 84p before justifying raising an eyebrow.

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
9:33:25PM BRENT 41.04 Success
9:35:36PM GOLD 1954.83 Success
9:37:29PM FTSE 6089.04 Success
9:39:44PM FRANCE 5062.5 5050 5036.5 5019 5068 5093 5108.5 5134 5059 ‘cess
10:09:56PM GERMANY 13229
10:11:31PM US500 3404 3384 3373 3359 3408 3415 3420 3432 3400 ‘cess
10:13:38PM DOW 28032 ‘cess
10:15:47PM NASDAQ 11465 ‘cess
10:25:35PM JAPAN 23447
15/09/2020 FTSE Closed at 6105 points. Change of 1.31%. Total value traded through LSE was: £ 4,837,644,674 a change of 35.92%
14/09/2020 FTSE Closed at 6026 points. Change of -0.1%. Total value traded through LSE was: £ 3,559,218,269 a change of 1.56%
11/09/2020 FTSE Closed at 6032 points. Change of 0.48%. Total value traded through LSE was: £ 3,504,460,601 a change of -8.69%
10/09/2020 FTSE Closed at 6003 points. Change of -0.15%. Total value traded through LSE was: £ 3,837,937,083 a change of -13.67%
9/09/2020 FTSE Closed at 6012 points. Change of 1.38%. Total value traded through LSE was: £ 4,445,872,932 a change of -0.63%
8/09/2020 FTSE Closed at 5930 points. Change of -0.12%. Total value traded through LSE was: £ 4,474,047,176 a change of 45.17%
7/09/2020 FTSE Closed at 5937 points. Change of 2.38%. Total value traded through LSE was: £ 3,081,866,920 a change of -35.14%

This post has already been read 99 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.