#Gold #SP500 The exterior visuals of our local cinema, here in our bit of Argyll, tend allow speculation as to whether they still show “Gone With The Wind”. From an exterior glance, the building fails to achieve any form of modernity, while failing to display a single sign of architectural creativity. Inside, it’s thankfully a different story, incredibly comfortable, despite a ticket booth which always reminds of the “Back to the Future” movies for some reason.
Now, as an early vaccine adopter and recently armed with the 2nd booster shot for Covid, it’s tempting to visit the cinema again as some reasonable titles are being released. Plus, there’s always a slight feeling of guilt at failing to support a local business, an ancient cinema which has survived without being part of a chain, yet still manages to charge absurd prices for goodies from the foyer. And this, of course, brings us to Cineworld and the very last sentence of our report in July last year (link), when we mentioned;
“For now, we suspect it intends head toward 44p, hopefully failing to break such a level and giving a fairly strong level to rebound from.”
On December 13th last year, the price closed the session at 44.13p and we sat back, eating popcorn and waiting for a bounce. Alas, the next day it broke below the critical 44p level, shuffling down to 43.8p briefly in a movement which justified a Spock from Star trek raised eyebrow. This was a small danger sign, something like a little itch in your nose which precedes an enormous sneeze. Just a day later, the sneeze happened with the share price being gapped down to 33p at the open. The market clearly had other ideas for the direction Cineworld were due to take.
There are a couple of small points which are perhaps noteworthy. Firstly, there’s the Blue trend line on the chart, a line the share price has being paying close attention to this year. This innocent looking line dates back to 2017, an era when Cineworld traded at 700p. Secondly, when a share price reacts to such a trend, there’s an implication of the potential forces which may become apparent, should the price manage to close a session above Blue. We’re not suggesting any sort of recovery to 700p but experience has taught jumps upward tend be flamboyant, in circumstances where the starting point for a share trend is significantly higher. As Cineworld are currently trading around 1/20th of their high, quite a lot of force could be with it…
To dwell on the current potential downsides, below 33p threatens reversal to 28p next, hopefully with a proper bounce. If broken, our longer term secondary calculates at 17p and “ultimate” bottom, the level below which we run out of numbers. Should the 17p level make a guest appearance, perhaps a Glass Floor shall form as this visual matches prior lows from 2020.
Thankfully, there are sufficient reasons for a “However” as above 40p looks capable of triggering recovery to an initial 54p with secondary, if bettered, working out at a longer term 78p. This is an early example of the possibilities for strength, thanks to the price once trading substantially higher. We’ve given a few teasers above this level on the chart below but realistically, we shall prefer revisit if the 78p level ever stars in this lots future.
Many thanks to the nice folk who find an advert worthy of visiting on this page. Keeps us in Taylors Lazy Sunday coffee beans!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:26:27PM | BRENT | 92.47 | ‘cess | ||||||||
| 9:29:02PM | GOLD | 1821.65 | 1808 | 1806 | 1801 | 1816 | 1824 | 1827 | 1843 | 1811 | Success |
| 9:30:56PM | FTSE | 7580.1 | |||||||||
| 9:33:06PM | FRANCE | 7026.9 | |||||||||
| 9:35:09PM | GERMANY | 15210 | Shambles | ||||||||
| 9:39:22PM | US500 | 4493.22 | 4469 | 4460 | 4439 | 4506 | 4523 | 4528 | 4548 | 4480 | |
| 9:41:11PM | DOW | 35141.7 | |||||||||
| 10:06:15PM | NASDAQ | 14615 | Success | ||||||||
| 10:08:08PM | JAPAN | 27206 |
7/02/2022 FTSE Closed at 7573 points. Change of 0.76%. Total value traded through LSE was: £ 5,866,179,162 a change of 4.27%
4/02/2022 FTSE Closed at 7516 points. Change of 3.55%. Total value traded through LSE was: £ 5,625,836,746 a change of -14.55%
3/02/2022 FTSE Closed at 7258 points. Change of -4.29%. Total value traded through LSE was: £ 6,584,025,295 a change of 21.45%
2/02/2022 FTSE Closed at 7583 points. Change of 0.64%. Total value traded through LSE was: £ 5,421,060,269 a change of -9.84%
1/02/2022 FTSE Closed at 7535 points. Change of 0.95%. Total value traded through LSE was: £ 6,012,900,236 a change of -1.21%
31/01/2022 FTSE Closed at 7464 points. Change of -0.03%. Total value traded through LSE was: £ 6,086,283,575 a change of -43.89%
28/01/2022 FTSE Closed at 7466 points. Change of -1.16%. Total value traded through LSE was: £ 10,846,360,111 a change of 33.05%
SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.
Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION
Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.
UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.
We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…
Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
Click Epic to jump to share: LSE:AVCT Avacta** **LSE:BBY BALFOUR BEATTY** **LSE:BP. BP PLC** **LSE:CBX Cellular Goods** **LSE:ECO ECO (Atlantic) O & G** **LSE:EME Empyrean** **LSE:FOXT Foxtons** **LSE:GKP Gulf Keystone** **LSE:HSBA HSBC** **LSE:IQE IQE** **LSE:MKS Marks and Spencer** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:QFI Quadrise** **LSE:STAN Standard Chartered** **LSE:VOD Vodafone** **
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Updated charts published on : Avacta, BALFOUR BEATTY, BP PLC, Cellular Goods, ECO (Atlantic) O & G, Empyrean, Foxtons, Gulf Keystone, HSBC, IQE, Marks and Spencer, Oxford Instruments, Primary Health, Quadrise, Standard Chartered, Vodafone,
LSE:AVCT Avacta Close Mid-Price: 74.5 Percentage Change: -21.78% Day High: 85.5 Day Low: 73.5
This is looking grim as below 73p now risks a visit to 55 with secondary, ……..
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View Previous Avacta & Big Picture ***
LSE:BBY BALFOUR BEATTY Close Mid-Price: 248.6 Percentage Change: -1.19% Day High: 252.4 Day Low: 246.2
Weakness on BALFOUR BEATTY below 246.2 will invariably lead to 225 with s ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 408.65 Percentage Change: + 0.68% Day High: 409.45 Day Low: 398
All BP PLC needs are mid-price trades ABOVE 409.45 to improve acceleratio ……..
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View Previous BP PLC & Big Picture ***
LSE:CBX Cellular Goods Close Mid-Price: 5.8 Percentage Change: -0.85% Day High: 5.85 Day Low: 5.65
Weakness on Cellular Goods below 5.65 will invariably lead to 5.50 with s ……..
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View Previous Cellular Goods & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 30 Percentage Change: + 7.14% Day High: 30.5 Day Low: 28.25
Target met. Continued trades against ECO with a mid-price ABOVE 30.5 shou ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:EME Empyrean. Close Mid-Price: 7.35 Percentage Change: + 2.08% Day High: 7.6 Day Low: 6.9
Further movement against Empyrean ABOVE 7.6 should improve acceleration t ……..
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View Previous Empyrean & Big Picture ***
LSE:FOXT Foxtons Close Mid-Price: 37.7 Percentage Change: -4.44% Day High: 38.9 Day Low: 36.65
Target met. If Foxtons experiences continued weakness below 36.65, it wil ……..
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View Previous Foxtons & Big Picture ***
LSE:GKP Gulf Keystone Close Mid-Price: 238.5 Percentage Change: -0.21% Day High: 242.5 Day Low: 234.5
Target met. All Gulf Keystone needs are mid-price trades ABOVE 242.5 to i ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:HSBA HSBC. Close Mid-Price: 556.9 Percentage Change: + 2.18% Day High: 557 Day Low: 545.2
Target met. Further movement against HSBC ABOVE 557 should improve accele ……..
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View Previous HSBC & Big Picture ***
LSE:IQE IQE. Close Mid-Price: 33.85 Percentage Change: + 2.58% Day High: 34.25 Day Low: 32.8
Further movement against IQE ABOVE 34.25 should improve acceleration towa ……..
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View Previous IQE & Big Picture ***
LSE:MKS Marks and Spencer Close Mid-Price: 197.5 Percentage Change: -3.09% Day High: 206 Day Low: 198.95
Weakness on Marks and Spencer below 198.95 will invariably lead to 188 wi ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2075 Percentage Change: + 0.48% Day High: 2085 Day Low: 2035
Continued weakness against OXIG taking the price below 2035 calculates as ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:PHP Primary Health Close Mid-Price: 135.4 Percentage Change: -1.46% Day High: 138.7 Day Low: 135.4
In the event Primary Health experiences weakness below 135.4 it calculate ……..
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View Previous Primary Health & Big Picture ***
LSE:QFI Quadrise Close Mid-Price: 1.92 Percentage Change: -7.45% Day High: 2 Day Low: 1.9
Target met. In the event Quadrise experiences weakness below 1.9 it calcu ……..
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View Previous Quadrise & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 568.4 Percentage Change: + 2.41% Day High: 566.6 Day Low: 553.6
In the event of Standard Chartered enjoying further trades beyond 566.6, ……..
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View Previous Standard Chartered & Big Picture ***
LSE:VOD Vodafone. Close Mid-Price: 137.4 Percentage Change: + 2.37% Day High: 138.14 Day Low: 134.34
Target met. Further movement against Vodafone ABOVE 138.14 should improve ……..
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View Previous Vodafone & Big Picture ***