A small-cap planning a breakout move

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.

Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang, Shareprice, or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea. 

These articles are provided for information purposes only. Occasionally, an opinion about whether to buy or sell a specific investment may be provided by third parties. The content is not intended to be a personal recommendation, and is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.