ITM Power for 20/11/2019

#Gold #US500 Sometimes our attention is drawn to an oddball and ITM, manufacturers of hydrogen energy solutions, certainly fits the bill. Their recent opening of fuel pumps at Shell Gatwick was truly impressive, generating hydrogen ‘on site’ from water with no need for gas deliveries. We suspect quite firmly the novelty for complex electric vehicles shall diminish as a hydrogen infrastructure increases in the UK.

To be honest, a personal bias exists here, having created a homemade hydrogen generator. Thankfully, reality entered the equation before doing something really stupid. It became quickly apparent feeding the gas into an old motorcycle engine very quickly (and very loudly) destroyed the machine! Fortunately, the garage doors were open and ensured the area was well vented or it’s possible this article would need be written from somewhere in orbit.

ITM have certainly been doing well in the last few sessions and now, above 80p risks some hesitation at 81.75p. Only with closure above the 80p level will we be happier as continued growth to a longer term 101p looks probable.

To drop out the immediate growth cycle, ITM share price needs below 46p at present, something visually unlikely. Surprisingly, one detail worth mentioning with closure ABOVE 80p is the big picture potential of a visit to 131p and beyond.

This share is one perhaps worth researching and keeping an eye on, while trying to forget exactly which gas was used in a certain German airship.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:31:57PM	BRENT	60.19									‘cess
10:35:15PM	GOLD	1473.04	1464.5	1460.5	1456	1473	1475.5	1477.625	1482	1468
10:36:47PM	FTSE	7324.29									Success
10:38:30PM	FRANCE	5906.7									Shambles
10:40:09PM	GERMANY	13193.97									Success
10:43:12PM	US500	3117.27	3113	3107.5	3099	3126	3133	3139	3145	3113	Shambles
11:12:42PM	DOW	27886									‘cess
11:14:02PM	NASDAQ	8315.75									Shambles
11:16:21PM	JAPAN	23186									‘cess

 

19/11/2019 FTSE Closed at 7323 points. Change of 0.22%. Total value traded through LSE was: £ 5,378,033,826 a change of -0.49%

18/11/2019 FTSE Closed at 7307 points. Change of 0.07%. Total value traded through LSE was: £ 5,404,777,192 a change of 7.28%

15/11/2019 FTSE Closed at 7302 points. Change of 0.14%. Total value traded through LSE was: £ 5,038,024,383 a change of -3.76%

14/11/2019 FTSE Closed at 7292 points. Change of -0.8%. Total value traded through LSE was: £ 5,234,690,954 a change of -2.01%

13/11/2019 FTSE Closed at 7351 points. Change of -0.19%. Total value traded through LSE was: £ 5,342,219,099 a change of -6.91%

12/11/2019 FTSE Closed at 7365 points. Change of 0.5%. Total value traded through LSE was: £ 5,738,598,465 a change of -2.15%

11/11/2019 FTSE Closed at 7328 points. Change of -0.42%. Total value traded through LSE was: £ 5,864,681,253 a change of 22.23%