#France #WallSt When a witch goes in for a breast scan, is she given a Pentagram or a Mammogram? This joke, and others, polluted our in-house emails when discovering one of the gang had found “a lump”. Thankfully it appears something easily dealt with, but the fright generated a lot of really bad jokes, trying to conceal immediate worries with humour.
However, the experience reminded us to review a playing in the field. With recent emails expressing interesting in Advanced Onco, we didn’t have far to look for inspiration. To pretend due diligence, we also visited the company website and discovered more than we needed to know about something called Proton Beams.
The share price behaviour this week has been quite interesting and we’re not presently concerned at the slight reversals being shown. Movement on Monday appears to have triggered a coming growth cycle to an initial 40p with secondary, if exceeded, at 47p. Presently trading around the 36p level, above 38p should make upward travel difficult to restrain. To cancel the immediate cycle, the share price needs either close a session below 33p or drop below Red, currently at 30.25p, to promote concerns as to longer term growth.
Visually there’s a pretty strong hint the price should experience hesitation, should 47p make an appearance. However, closure above such a level is liable to be really critical, launching the share price into a region with a long term ambition of 83p eventually.
|Time Issued||Market||Price At Issue||Short Entry||Fast Exit||Slow Exit||Stop||Long Entry||Fast Exit||Slow Exit||Stop||Prior|
13/10/2020 FTSE Closed at 5969 points. Change of -0.53%. Total value traded through LSE was: £ 4,425,675,316 a change of 16.42%
12/10/2020 FTSE Closed at 6001 points. Change of -0.25%. Total value traded through LSE was: £ 3,801,443,086 a change of -34.7%
9/10/2020 FTSE Closed at 6016 points. Change of 0.64%. Total value traded through LSE was: £ 5,821,685,817 a change of 29.2%
8/10/2020 FTSE Closed at 5978 points. Change of 0.54%. Total value traded through LSE was: £ 4,506,090,091 a change of -9.79%
7/10/2020 FTSE Closed at 5946 points. Change of -0.05%. Total value traded through LSE was: £ 4,994,944,768 a change of 3.84%
6/10/2020 FTSE Closed at 5949 points. Change of 0.12%. Total value traded through LSE was: £ 4,810,400,259 a change of 20.66%
5/10/2020 FTSE Closed at 5942 points. Change of 0.68%. Total value traded through LSE was: £ 3,986,790,747 a change of -6.97%
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