Avacta for 23/09/2020

#Nasdaq #France Despite the UK Prime Minister effectively cancelling Xmas, it became pretty evident he’s desperately hoping for a fast, efficient, and accurate method of testing for Covid-19. As a result, we thought we’d better revisit one of the companies we previously reported on in May, #Avacta. We puzzle why the UK does not already employ similar tests used in Italy, ones which feature a 15 minute delay at the airport while awaiting the test result?

 

However, internet chatrooms are alight with speculation about some near term share price optimism amongst companies involved in the testing sector, thanks in no small way to Boris’s speech to the nation on Tuesday. In the case of Avacta, we’ve slight hesitation in embracing optimism, due to the share price failing (just) to reach our previous secondary target level of 226p. A lunge at 215p was hopeful but failing to reach this target level carries the threat of inherent weakness.

Presently the share requires to trade below 150p to justify serious concern, this allowing weakness to establish toward an initial 137p with secondary, if broken, at a bottom (hopefully) of 117p.

 

However, if the man who killed Xmas has just delivered an early present to traders, we shall be inclined to optimism at any movement next above 177p as this calculates with the potential of a visit to an initial 196p. If exceeded, our secondary works out at 219p, a visually pleasing number marginally higher than achieved in May and taking the share price into a region which promises substantial longer term gains. As always, it’s “fingers crossed” time.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
11:08:17PM	BRENT	42.19									‘cess
11:10:29PM	GOLD	1901.82
11:12:29PM	FTSE	5884.6									Success
11:14:49PM	FRANCE	4809.9	4761	4744.5	4714	4799	4821	4829.25	4839	4794	‘cess
11:17:36PM	GERMANY	12685.38
11:19:59PM	US500	3308.02									‘cess
11:23:14PM	DOW	27312									‘cess
11:26:02PM	NASDAQ	11149	10919	10833.5	10708	11113	11207	11323.5	11538	11024	‘cess
11:30:41PM	JAPAN	23026

22/09/2020 FTSE Closed at 5829 points. Change of 0.43%. Total value traded through LSE was: £ 4,816,339,128 a change of -8.93%

21/09/2020 FTSE Closed at 5804 points. Change of -3.38%. Total value traded through LSE was: £ 5,288,811,181 a change of -43.99%

18/09/2020 FTSE Closed at 6007 points. Change of -0.69%. Total value traded through LSE was: £ 9,442,217,884 a change of 120.95%

17/09/2020 FTSE Closed at 6049 points. Change of -0.48%. Total value traded through LSE was: £ 4,273,425,233 a change of -23.19%

16/09/2020 FTSE Closed at 6078 points. Change of -0.44%. Total value traded through LSE was: £ 5,563,460,983 a change of 15%

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%