#Gold #SP500
We reviewed Synthomer last year, indicating our “ultimate” bottom, the level below which we cannot calculate, was at 159p. At the time, the share price was around 192p and now, unfortunately, it is trading at 150p, having visited just 85p last October. As a company renowned for their sticky coating, it’s a surprise to see their share price slide downhill so fast!
We always add a caveat to our scenario, when we mention an “ultimate bottom.” This represents a price level below which we cannot calculate and that’s it. As Synthomer proved, aside from a strange little stutter which acknowledged the presence of our target levels, the market then opted to manipulate (gap) the share price down to 110p, doubtless causing panic amongst investors, forcing the price to eventually hit 85p and bounce pretty solidly.
There’s been something quite off colour with the bounce.
We’ve a little purple line on the chart, representing our “ultimate bottom”. On several occasions, this share price has recovered, hit our historical 159p level, and refused to go any higher. With this sort of nonsense, it can price useful to keep a close eye on a share price. Essentially, closure ABOVE our 159p should prove significant, tending to imply the market overcooked the previous drop and intends to power some surprise recovery. In this instance, closure above 159p calculates with the potential of a visit to 194p initially with secondary, if exceeded, at a distant sounding 232p, along with the price regaining the long term uptrend.
Usually, we’d prefer to complete a report with a converse scenario but for Synthomer, the situation remains of a share price swimming in a zone where we can no longer calculate a logical bottom. But if a bloke stops you in the street and offers you £1.75 for every Synthomer share you take off his hands…
Perhaps it shall prove the case the current resurgence of the building trades will be regarded as useful for this FTSE250 constituent.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:08:51PM | BRENT | 84.31 | |||||||||
| 9:10:34PM | GOLD | 1916.13 | 1911 | 1909 | 1902 | 1917 | 1930 | 1935 | 1943 | 1916 | |
| 9:12:21PM | FTSE | 7856.5 | |||||||||
| 9:22:04PM | STOX50 | 4153.3 | |||||||||
| 9:24:52PM | GERMANY | 15121 | ‘cess | ||||||||
| 9:50:10PM | US500 | 3990.15 | 3976 | 3968 | 3963 | 3994 | 4007 | 4018 | 4029 | 3984 | ‘cess |
| 9:52:17PM | DOW | 34259 | |||||||||
| 9:54:09PM | NASDAQ | 11485 | ‘cess | ||||||||
| 10:24:04PM | JAPAN | 25878 | ‘cess |
16/01/2023 FTSE Closed at 7860 points. Change of 0.2%. Total value traded through LSE was: £ 4,389,692,147 a change of -22.72%
13/01/2023 FTSE Closed at 7844 points. Change of 0.64%. Total value traded through LSE was: £ 5,680,414,260 a change of -0.9%
12/01/2023 FTSE Closed at 7794 points. Change of 0.91%. Total value traded through LSE was: £ 5,732,068,747 a change of -8.81%
11/01/2023 FTSE Closed at 7724 points. Change of 0.39%. Total value traded through LSE was: £ 6,286,062,115 a change of 15.31%
10/01/2023 FTSE Closed at 7694 points. Change of -0.39%. Total value traded through LSE was: £ 5,451,478,270 a change of 2.33%
9/01/2023 FTSE Closed at 7724 points. Change of 0.32%. Total value traded through LSE was: £ 5,327,251,474 a change of 8.1%
6/01/2023 FTSE Closed at 7699 points. Change of 0.86%. Total value traded through LSE was: £ 4,928,257,963 a change of -18.51%
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:ASC Asos** **LSE:AVCT Avacta** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:CASP Caspian** **LSE:CCL Carnival** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:ITRK Intertek** **LSE:MMAG Music Magpie** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:POLY Polymetal** **LSE:TW. Taylor Wimpey** **LSE:ZOO Zoo Digital** **
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Updated charts published on : Asos, Avacta, Barclays, Barrett Devs, Caspian, Carnival, MAN, EasyJet, Foxtons, British Airways, Intercontinental Hotels Group, International Personal Finance, Intertek, Music Magpie, Ocado Plc, Oxford Instruments, Polymetal, Taylor Wimpey, Zoo Digital,
LSE:ASC Asos. Close Mid-Price: 783.5 Percentage Change: + 5.17% Day High: 811 Day Low: 740.5
Continued trades against ASC with a mid-price ABOVE 811 should improve th ……..
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View Previous Asos & Big Picture ***
LSE:AVCT Avacta. Close Mid-Price: 138 Percentage Change: + 2.91% Day High: 139.5 Day Low: 130.5
Target met. In the event of Avacta enjoying further trades beyond 139.5, ……..
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View Previous Avacta & Big Picture ***
LSE:BARC Barclays. Close Mid-Price: 182.5 Percentage Change: + 0.97% Day High: 182.44 Day Low: 178.84
Target met. In the event of Barclays enjoying further trades beyond 182.4 ……..
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View Previous Barclays & Big Picture ***
LSE:BDEV Barrett Devs. Close Mid-Price: 463.2 Percentage Change: + 1.80% Day High: 467.2 Day Low: 453.5
Target met. Further movement against Barrett Devs ABOVE 467.2 should impr ……..
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View Previous Barrett Devs & Big Picture ***
LSE:CASP Caspian. Close Mid-Price: 5.15 Percentage Change: + 15.73% Day High: 5.25 Day Low: 4.55
In the event of Caspian enjoying further trades beyond 5.25, the share sh ……..
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View Previous Caspian & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 799.8 Percentage Change: + 5.26% Day High: 800.8 Day Low: 749.8
All Carnival needs are mid-price trades ABOVE 800.8 to improve accelerati ……..
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View Previous Carnival & Big Picture ***
LSE:EMG MAN. Close Mid-Price: 237.6 Percentage Change: + 3.76% Day High: 238.6 Day Low: 232.7
Continued trades against EMG with a mid-price ABOVE 238.6 should improve ……..
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View Previous MAN & Big Picture ***
LSE:EZJ EasyJet. Close Mid-Price: 441.9 Percentage Change: + 2.46% Day High: 445.7 Day Low: 426.5
All EasyJet needs are mid-price trades ABOVE 445.7 to improve acceleratio ……..
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View Previous EasyJet & Big Picture ***
LSE:FOXT Foxtons. Close Mid-Price: 39.2 Percentage Change: + 4.26% Day High: 39.55 Day Low: 38
Further movement against Foxtons ABOVE 39.55 should improve acceleration ……..
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View Previous Foxtons & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 159.1 Percentage Change: + 1.13% Day High: 159.56 Day Low: 157.2
All British Airways needs are mid-price trades ABOVE 159.56 to improve a ……..
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View Previous British Airways & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5424 Percentage Change: + 0.04% Day High: 5454 Day Low: 5348
Further movement against Intercontinental Hotels Group ABOVE 5454 should ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:IPF International Personal Finance Close Mid-Price: 76.9 Percentage Change: -1.41% Day High: 81.4 Day Low: 76
All International Personal Finance needs are mid-price trades ABOVE 81.4 ……..
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View Previous International Personal Finance & Big Picture ***
LSE:ITRK Intertek. Close Mid-Price: 4375 Percentage Change: + 2.22% Day High: 4374 Day Low: 4280
Further movement against Intertek ABOVE 4374 should improve acceleration ……..
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View Previous Intertek & Big Picture ***
LSE:MMAG Music Magpie. Close Mid-Price: 40.2 Percentage Change: + 8.06% Day High: 40.7 Day Low: 37
In the event of Music Magpie enjoying further trades beyond 40.7, the sha ……..
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View Previous Music Magpie & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 808 Percentage Change: + 5.18% Day High: 808.2 Day Low: 750
Continued trades against OCDO with a mid-price ABOVE 808.2 should improve ……..
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View Previous Ocado Plc & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2310 Percentage Change: + 2.67% Day High: 2305 Day Low: 2220
All Oxford Instruments needs are mid-price trades ABOVE 2305 to improve a ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:POLY Polymetal. Close Mid-Price: 333 Percentage Change: + 2.15% Day High: 344 Day Low: 317.9
Target met. In the event of Polymetal enjoying further trades beyond 344, ……..
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View Previous Polymetal & Big Picture ***
LSE:TW. Taylor Wimpey. Close Mid-Price: 117.35 Percentage Change: + 2.27% Day High: 119.4 Day Low: 114.75
All Taylor Wimpey needs are mid-price trades ABOVE 119.4 to improve accel ……..
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View Previous Taylor Wimpey & Big Picture ***
LSE:ZOO Zoo Digital Close Mid-Price: 163.5 Percentage Change: -6.03% Day High: 174 Day Low: 162.5
In the event Zoo Digital experiences weakness below 162.5 it calculates w ……..
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View Previous Zoo Digital & Big Picture ***