On a monthly view: RSI has hit 30 for the first time. Price has fallen below the lower Bollinger Band. Reversal potential if price holds as it would be the first green monthly candle since July 2019.
Steep drop from 91p to 37p from October 2019 on tiny volume. The Point of Control is 85p and likely a magnet when volume returns on positive newsflow.
Steep drop from 91p to 37p from October 2019 on tiny volume. The Point of Control is 85p and likely a magnet when volume returns on positive newsflow.
Trade closed: target reached
Preparing another chart idea so updating this one. Not quite 85p, but front-run around 80p. Nice bagger and think Destiny Pharma could be a similar set-up.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.