Wednesday 18 October 2017 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
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The September 2017 edition of the UK Investor Magazine is now live: Adam Reynolds speaks, seven hot tips, gay penguins, and much more
Tom Winnifrith Bearcast: Another slam dunk lie in the MySquar trading statement - time for correction number 2
Hello, Share Choosers. As we've often said on this glittering website, investing in small drugs companies is fraught with peril. Cures and remedies take ages to develop, and then you have to steer them through a punishing licence minefield. I’m a great believer, though, in this kind of punt, as the world becomes older and less healthy. And investment in the right pharma could reap big rewards for shareholders, but mainly the sick among us. Today’s suggestion seems a more promising pocket pharma than most.
On the face of it you would think that the daily chart of ImmuPharma represents a classic breakdown over recent months, one which would be a falling knife to catch for all but the most brave of bargain hunters.
As yet another reminder that technical analysts are not always momentum followers we have the present situation at Immupharma. What can be seen here is that since July last year there has been a descending price channel which has effectively halved the share price from the October peak above 70p. However, we do have near-term positive charting triggers.
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