Novacyt - nyct

This looked ok early days...was about a k or so up....then i checked it again a few hours later!
stopped out for a small loss in the end

its failed at the 50 day ema line...which i suspected would be an issue....should have closed early doors and banked.
hi ho....

atb,
trendfriend

Just for a read...

www.fool.co.uk/investing/2021/06/22/shou...hares-at-under-400p/

m.uk.investing.com/news/stock-market-new...dhsc-dispute-2400100

End out today

Novacyt - daily chart.
uk.advfn.com/p.php?pid=chartscreenshotsh...QygP9vWBHjBn+cCAIDk=

bought a decent chunk of these going into the close at 373p
nice positive divergence on the rsi...always a good sign the bottom is in or close

Maybe would have been a good idea to wait for it to clear the 50 day ema line at 428p as its had multiple failures at that feature on the daily chart.

So will be flexible around that area to see how this reacts to that area....but i think this time should find the momentum to push through to the 200 day ema line at least...if it does break above 428p i may add more.

stop for now at 310p....but will move to break even on a move above 400p.

atb, wdik, dyor,
trendfriend