tempertrade

Genedrive is great value here - slow bleed bottoms

LSE:GDR   GENEDRIVE PLC ORD GBP0.015
The selling power is dropping there is no more volume on this slow bleed. I think we are forming a bottom here finished a 5th of the C of the B and will move up to the larger C from here. Counts well with a finishing 5th wave now poked lower and strong divergence on all timeframes. There is one more option though that can happen (pictured in grey lines) is that we go up for a C of the 4th wave and then the 5th down even lower, I think it is less likely. Well if no news on sales still in January the poke lower will be possible. With GDR I just dont know when the news will drop. Back in May if someone tells me we get to see the first person vaccinated before Genedrive PCR test fills a single sell order... ffs Budd, just take it easy.
The safest entry would be on break of that downward trend line around ~90p
Targets remain as always ~x10 from here. IMO, DYOR

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