vcm11

RSI bullish divergence - long downtrend -big risk 55-70% reward

LSE:HAYD   HAYDALE GRAPHENE INDUSTRIES PLC ORD 2P
Massive volume after placing as many ramp over twitter so high risk here but I still see RSI bullish divergence & possibly a trade here
Possibly not a stock for long term, company lost over 90% value over time, Mr. Keith Broadbent has no experience as a CEO , He used to work as a Commercial Site Director at an Electronic company and before that working on motoryachts, now stepped up to CEO from previously working as COO.
BoD doesn't hold many shares in the company.

Long downtrend stock & high risk - placing brought further interest & many are bought on placing so beware of special interest behind.
I would say short term trade but slice on spikes/rise - for long term best to see a proper trend reversal confirmation.

Possible target 3.59p on last support becoming resistance - & 20ma touch.

Better option for longer term - Versarien - VRS (don't hold shares - non biased)
MartinFilm 2018
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