Scancell Holdings (LSE:SCLP)
For the n’th year running, the USA managed to surprise by sneaking in “Washington’s Birthday” as an excuse to close the markets. Quite why a president who promoted a gun culture which led to today’s USA is feted utterly escapes us. Otherwise, he didn’t do anything really important…
While absolutely nothing to do with Scancell, this US holiday ambushes us every year as it tends to dampen down anything occurring in Europe.
On Scancell (SCLP), there was a market movement earlier in February which quite puzzled us, due to the share price “possibly” being gapped up above a trend we hadn’t noticed, one dating from 2010.
If this is indeed the case, the share price risks becoming quite interesting in the future should it manage to trade above 14.75p. Currently messing around at 13.5p, we’re calculating 14.75p being bettered as triggering some growth toward 19p eventually. Secondary, if bettered, it at a longer term 24.5p and implies the potential of a future challenge against the dashed blue downtrend since 2012.
What surprises about all this optimism comes from an important nugget of information. If we are indeed mapping a trend which commenced at 104p, the share price will prove capable of some interesting growth patterns.
If the market intends to shatter dreams, it requires below red – 9.5p – to suggest doing what the English army did, when faced with George Washington.
Alistair Strang has led high-profile and “top secret” software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know “how it worked” with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
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