Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
We have an intriguing chart on the daily timeframe of Kromek Group (KMK), something which is said on the basis of the latest sharp positive reversal.
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Comments
J P Spaghetti
Just watch out for profit warnings with this outfit just before it enters into agreements / contracts with the – erm – Chinese!
handybrownone
The share placing last week isnt worth mentioning? 36,000,000 at 25p to raise 11m? How does your technical analysis adjust for it – or do yo only look at the chart? Clealry the downwards force was the placing and the updwards force was that 25p was very cheap. Now won’t we see the placed shares old off for an immeciate 25-50% profit. What does this “call” show – I think you are best placed to research the company. I for one am a buyer at these levels. No more placings for at least 2 years and it might be profitable next year if some orders come in – strawberry jam tomorrow.