Trends and Targets for 12-10-2018

#TERN plc #Brent #SP500 Our ‘#FTSE for FRIDAY‘ guru, currently milking his bout of leukaemia in a Scottish hospital, remains unavailable. However, we’re still able to use our software, suspecting the market has potentially shown itself as bottoming. As a result, we’re looking for upward indications on the FTSE.

If, on Friday, the index stumbles above 7091 points, recovery to an initially tame 7121 makes sense. If bettered, secondary is at 7178 points. Stop can be at 7032 points.

 

However, we’ve been emailed about TERN and admit the share exhibits some interesting potentials.

The immediate cycle calculates with ultimate bottom of 7.75p. It also offers the opinion the price dare not close below 7.5p as all future targets come decorated with minus sign prefix’s. In plain English, the suggestion is for a bounce anytime now. Any rebound taking the share price above just 17p should prove capable of an initial 24.5p. The visuals hint at a stutter as such a level.

But with closure above 24.5p, we’re calculating a strong secondary of 38p before we require to recalculate the future..

 

All joking aside, thanks for the emails regarding the boss. His incurable illness repeats every 5 years or so. Then he lives in a quarantine bubble, surrounded by his computers, until his immune system grows back. Then he cuts down trees, mows the lawn, presses wild flowers, and bitches about the weather!

 

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

6:07:23PM

US500

2760

2735

2714.5

2639

2794

2798

2816

2842

2740

‘cess

6:18:59PM

GOLD

1221

Success

7:20:01PM

DOW

25346

‘cess

7:28:31PM

FTSE

6998

‘cess

8:01:13PM

FRANCE

5071

Success

8:05:09PM

GERMANY

11479

‘cess

8:16:41PM

NASDAQ

6960

Success

8:20:17PM

BRENT

80.13

79.73

79.07

78.17

81.25

81.96

82.39

82.77

81.25

Success

8:24:15PM

JAPAN

22562

Trends and Targets for 11-10-18

#VERSARIEN #CAC40 #Nasdaq  We’ve been short staffed this week, a “man down” situation thanks to unexpected chemotherapy. This evening, while reviewing the bloodbath which occurred on the market during Wednesday, the person who usually writes this headline piece phoned to discuss a real bloodbath.

It seems falling asleep with an IV Drip attached can be hilarious, if you wake up with a violent start. In the space of a few seconds, he turned his hospital room into something similar to a special effects crime scene, waving a tube squirting blood from his hand around. In the final analysis, nurses advise very little blood was lost and it just looked very, very, bad. Hopefully this proves similar behaviour to Versarien’s on 10th October, along with the wider markets.

 

The visuals against VRS do provide a little problem. Near term weakness below just 140p logically introduces 137p as a point at which we would hope for a bounce. The big problem comes if 137p breaks, thanks to 107p calculating as “bottom” on the immediate movement cycle.

At this level, the price meets the uptrend since 2017 and there are compelling arguments favouring a bounce, if 107p makes an appearance. To be honest, we do suspect this shall prove the intention.

How can it get out of trouble?

 

Any bounce requires exceed 176p to give some hope for the future. A move such as this anticipates 196p, essentially matching prior highs. If bettered, even slightly, the shares track record of outperformance calculates with 218p.

For now, we fear this shall not becomes interesting until 107p rears its bottom.

Chart goes here

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

9:33:35PM

BRENT

82.38

Success

9:37:20PM

GOLD

1194.2

‘cess

9:41:03PM

FTSE

7054

Success

9:45:33PM

FRANCE

5171.7

5155

5113

5088

5226

5226

5295

5321

5195

‘cess

9:49:29PM

GERMANY

11604

Success

9:54:45PM

US500

2773.8

Success

10:00:51PM

DOW

25433

Success

10:11:51PM

NASDAQ

6983

6976

6967

6909

7002

7242

7439.75

7506

7174

Success

Trends and Targets for 09/10/2018

Banks, Brexit, Banksy & Pink Elephants. The Retail Sector know a sure fire way to galvanise trade is to change things around. At TaT, one of the team tells a story from the 1980’s, when he bet he could sell 100 Pink Elephant soft toys in a week. By changing display priorities in his petrol station, it became Pink Elephant hell with the oversized monstrosities selling for 10 quid each. He had paid 2 quid. Continue reading “Trends and Targets for 09/10/2018”