#FTSE #SP500 A few emails asking us to review Alien Metals allows us to also retell our own UFO story. One night, two “stars” moved through the sky overhead, faster than commercial aircraft and soundless too. When the leading “star” was roughly above Argyll’s local, top secret, nuclear base, it executed a precise 90 degree turn with no loss of speed. The other “star” just continued onward.
Needless to say, not a single grainy video or dodgy photo exists of the event. Even the day is vague, simply a few years ago!
When asked about Alien Metals with their humorous “UFO” share code, we immediately anticipated they’d be based in Roswell, New Mexico and doubtless selling dodgy reclaimed models of flying saucers. However, a glance at their corporate website certainly gives the impression the company are serious about what they do with activities in Copper and Silver. Our greatest concern comes with share price acceleration over the last few sessions, price movements giving a distinct impression of the share being enthusiastically discussed in internet chatrooms.
Alas, sometimes too much enthusiasm can leave private investors “walking funny”, so we’d suggest some research. Additionally, the share price is trading – and has been since 2015 – below levels which allow us to calculate “bottom”. Perhaps the fact the company is still trading should give hope. The share price needs recover above 19p to be regarded as safe again…
Near term, movement above 2.95p looks like it may provoke some slight recovery as traffic toward an initial 4.9 calculates as possible. If exceeded, our longer term (or perhaps the next day) secondary works out at an enthusiastic 7.5p. At present, price moves since 2015 inhibit calculation above 7.5p, presenting a scenario where if such a level is somehow exceeded, we’d be clueless as to longer term potentials.
It’s certainly an interesting one, if “slightly” dangerous.
FUTURES
Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
10:13:48PM | BRENT | 43.09 | Sorry | ||||||||
10:26:46PM | GOLD | 1906.89 | |||||||||
10:41:40PM | FTSE | 5889.67 | 5852 | 5840.5 | 5815 | 5900 | 5917 | 5938.5 | 5970 | 5884 | Shambles |
10:50:20PM | FRANCE | 5889 | |||||||||
10:52:54PM | GERMANY | 12732 | |||||||||
10:54:30PM | US500 | 3437 | 3425 | 3403.5 | 3366 | 3460 | 3477 | 3482.5 | 3504 | 3437 | |
10:57:04PM | DOW | 28293 | Shambles | ||||||||
10:58:19PM | NASDAQ | 11677 | |||||||||
11:00:09PM | JAPAN | 23539 |