Bucking the trend (TLY: 25th April 2022)
Totally: FY Trading Update (25th April 2022)
Ona day when the All-Share Index (ASX) bites the dust, it was down over 2% at one stage ealier today, it pays to notice shares that ‘buck the trend’. In this respect, the RNS released this morning by Totally [TLY] was always likely to cause an ‘uptick’ in the price.
You may remember that TLY was on Mick’s Radar on 16th October 2019 at 12.75p and again in May 2020 at 15.7p. Clearly, Totally plc has been the beneficiary of increased demand for its services to help the NHS reduce its backlog, exacerbated by the Covid pandemic but it was already showing great promise as a growth stock.
The chart is also interesting, as you can see below…
The fact that it has broken out, on such a ‘down day’ for the market is IMO significant and could start the next ‘leg up’ in the share price.
As ever, Do Your Own Research though!
If, you’re busy “sitting on your hands”, trying to stop yourself selling shares, then you might like to browse my suggested list of Best Books for DIY-Investing, prepared in respponse to a query that I’ve received.
Please Note: This post is for educational purposes only and is not a recommendation to buy or sell any share (or other investment vehicle). Do your own research (DYOR) before buying or selling any share or other investment and make up your own mind accordingly or seek appropriate professional financial advice.
If you have any comments or observations, regarding the above, then please use the contact us form Here.
Mick (Further Updated: 21.10BST, 7th April 2022)