Interactive Investor

Forecasts for a star AIM stock and the Ripple cryptocurrency  

Cryptocurrencies have rocketed in value, so this analyst takes a look. This AIM stock looks solid too. 

5th May 2021 08:16

Alistair Strang from Trends and Targets

Cryptocurrencies have rocketed in value, so this analyst takes a look. This AIM stock looks solid too. 

Brickability (LSE:BRCK) is a relatively unknown share, perhaps liable to prove interesting if the often vaunted building trades boom bursts into life properly. 

A fairly new share, launched on the AIM just a few months before Covid hit the fan, the share price is looking pretty strong at present. Importantly, at 93p currently, the value is above the pre-pandemic level of 75p. This tends to confirm underlying strength, giving considerable hope for the future.

Above just 95p looks very capable of taking a run toward 109p with secondary, if exceeded, calculating at a longer term 119p. Above such a level, we shall need revisit the tea leaves. Share price movements historically have proven well behaved and we’re curious as to whether this shall continue its strong performance.

This company appears to be a substantial national organisation, almost an all-trades presence in the trade. Many of their subsidiary trading names will be immediately recognised.

Source: Trends and Targets. Past performance is not a guide to future performance

Currently, the most common email request at Trends and Targets refers to something called Ripple, a cryptocurrency which has certainly been the victim of some crazy swings over the years. It can be safely assumed we maintain our dislike of crypto, but this doesn’t mean we cannot run the numbers.

Presently trading at $1.41, Ripple needs to exceed $1.67 to suggest a party is starting, as this looks capable of acceleration toward an initial $1.90. 

While this represents a forthcoming challenge of the Blue downtrend since 2018, our secondary calculation, should this be exceeded, comes along with $2.34. This obviously exceeds the previous high, allowing flamboyant long-term expectations around $2.73. 

The fake currency needs below $0.85 to give immediate concern as realistically we cannot calculate an ultimate bottom.

Source: Trends and Targets. 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 or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.

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