IPO long term buy and hold following analysis from a trusted expert source.
5-10 year timeframe.
See chart annotations for entry.
Position size 1% of account as usual.
The Stock stay very bullish, the volume increased strongly.
However the $72 level approaches. And it could be a good point of profit taking. Some corretions may come.
If break-out of the $72, then the $80 can be a good arrival point.
keep in touch!
Good Entry for a little swing
Biot tripple bottomed and tripple bullish divergence on the RSI.
Trading inside a descending wedge for the last couple of weeks that signals that price action sending the price north is due .
Prudent Drug Discovery Company
Low market cap ( appox £13m at time of writing ).
Issues shares very rarely ( last placing nearly four years ago ).
Has material interest in its work from larger partners ( Pharmaxis ).
Sold interest in LOXL2 programme for £5m to Pharmaxis in December.
Pharmaxis continues to fund and develop LOXL2 inhibitors and Synairgen retains...
