This AIM share is back in business
24th April 2018 09:09
by Alistair Strang from Trends and Targets
Share on
San Leon (LSE:SLE)
One of our pet hates is being asked about a share on the very day it recommences trading. Our answer, unfortunately, is usually like trying to predict Scottish weather. However, in the case of , there appear to be some logical conclusions to be drawn.
A sensible caveat, perhaps worth bearing in mind, is we're biasing our calculations against a single days trading forces. In some ways, this can prove similar to predicting a UK election on the basis of some woman in Bristol's thoughts. But in the case of SLE, it appears anything near term now exceeding 37p should make a reach for 40.75p next.
Utterly key for the future will be the scenario should 40.75p actually be exceeded. In such a case, we're looking for a cycle to commence to 52p in the future. Visually, it makes sense to regard 40.75p as being a "trigger level" with the result above 52p and it appears 66p can be hoped sometime in the future.
About the only viable negative worth mentioning is down at 17p. In the event the share price now slithers below such a point, we cannot calculate a bottom without prefacing it with minus signs.
Source: interactive investor Past performance is not a guide to future performance
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.
Full performance can be found on the company or index summary page on the interactive investor website. Simply click on the company's or index name highlighted in the article.
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 to buy or sell any financial instrument or product, or to adopt any investment strategy as it 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.
Full performance can be found on the company or index summary page on the interactive investor website. Simply click on the company's or index name highlighted in the article.