I used to be fanatical about charts but after a while realised fundamentals play a huge part and if no fundamentals then charts only seem to be good at confirming what already happened 9 months ago. I guess that is why i sat in pyc so long, certainly wasn't for the chart lol. From a chart perspective i was expecting a test of 5c level but if it is a true re rating all the better, who knows where it might settle.
Seems there is no doubt at the moment a re rating is taking place. It feels like we have suddenly gone from a company that was not taken seriously after so long not really achieving anything outside a lab, to all of a sudden we have something that could not only get to trials but possibly make it through. Happy days. Even a cash raise at these levels is not the end of the world as they could get 10 million for around 150 million shares and quite possibly raise at a premium.
PYC Price at posting:
6.6¢ Sentiment: Hold Disclosure: Held
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