#Gold #SP500 A childhood fascination with Wilbur Smith books provided an early introduction to Namibia and the Skeleton Coast**. This big beach remains an unticked box, the ambition to visit finding fertile ground in my 11 year old imagination. A few years ago in Pretoria, the discovery it was quite a bit further for a visit on a whim during a spare weekend, was disappointing. Africa, it turns out, is a big place! Andrada Mining Plc, listed on the AIM, operate in Namibia, thus providing an immediate excuse to review their share price.
Visually, there’s clearly something potentially very interesting happening at present as there’s a glass ceiling making itself known at the 6p level. It’s worth considering the implications of this 6p level (okay, 6.05p) as the share price recently exceeded the major downtrend since 2022. This trend was defined by a high of 6.05p at the start of this year and now, should such a level be exceeded, it feels reasonable to anticipate some near term recovery in the share price.
The immediate situation calculates with the potential of movement above 6.05p apparently being capable of triggering share price recovery to an initial 7p. Our longer term secondary, if such a level is exceeded, works out at 8.2p, a price level where the visuals indicate an expectation of some hesitation, due to historical movements. To trigger party time for the miner, closure above 8.2p should prove critical for the Big Picture, dumping the price into a zone where a future 11p becomes a reasonable new all time high, along with a demand we review the share price again.
If everything intends go horribly wrong, the share needs close below Blue on the chart, currently around 4.5p, as this would imply the threat of future reversal to 2p and that’s it. We cannot calculate below such a point.
**The Skeleton Coast was originally named, due to the number of whale carcases washed ashore due to whaling activities. However, the name remains deserved as it’s littered with the skeletons of hundreds of ship wrecks. The author, Wilbur Smith, was enamoured with Namibia, the people, and the environment.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:09:29PM | BRENT | 75.85 | |||||||||
| 10:11:25PM | GOLD | 1972.07 | 1968.8 | 1966 | 1961 | 1979 | 1983 | 1993 | 2007 | 1968 | |
| 10:13:01PM | FTSE | 7778 | |||||||||
| 10:15:05PM | STOX50 | 4392 | |||||||||
| 10:16:56PM | GERMANY | 16236 | |||||||||
| 10:18:35PM | US500 | 4197 | 4178 | 4167 | 4153 | 4196 | 4209 | 4217 | 4230 | 4189 | |
| 10:32:30PM | DOW | 33319 | ‘cess | ||||||||
| 10:34:40PM | NASDAQ | 13866.72 | |||||||||
| 10:39:10PM | JAPAN | 31194 | Success |
22/05/2023 FTSE Closed at 7770 points. Change of 0.18%. Total value traded through LSE was: £ 7,366,100,317 a change of 37.01%
19/05/2023 FTSE Closed at 7756 points. Change of 0.18%. Total value traded through LSE was: £ 5,376,481,422 a change of -9.9%
18/05/2023 FTSE Closed at 7742 points. Change of 0.25%. Total value traded through LSE was: £ 5,967,034,656 a change of 12.56%
17/05/2023 FTSE Closed at 7723 points. Change of -0.36%. Total value traded through LSE was: £ 5,301,388,137 a change of 17.83%
16/05/2023 FTSE Closed at 7751 points. Change of -0.33%. Total value traded through LSE was: £ 4,499,249,343 a change of -9.01%
15/05/2023 FTSE Closed at 7777 points. Change of 0.3%. Total value traded through LSE was: £ 4,944,763,554 a change of 10.08%
12/05/2023 FTSE Closed at 7754 points. Change of 0.31%. Total value traded through LSE was: £ 4,492,113,080 a change of -8.91%
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:AFC AFC Energy** **LSE:FRES Fresnillo** **LSE:HSBA HSBC** **LSE:IDS International Distribution** **LSE:MMAG Music Magpie** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:ODX Omega Diags** **LSE:TERN Tern Plc** **
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Updated charts published on : AFC Energy, HSBC, International Distribution, Music Magpie, Natwest, Ocado Plc, Omega Diags, Tern Plc,
LSE:AFC AFC Energy Close Mid-Price: 17.92 Percentage Change: -2.71% Day High: 19 Day Low: 17.8
Continued weakness against AFC taking the price below 17.8 calculates as ……..
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View Previous AFC Energy & Big Picture ***
LSE:FRES Fresnillo Close Mid-Price: 659.4 Percentage Change: -0.81% Day High: 666.8 Day Low: 655.6
Weakness on Fresnillo below 655.6 will invariably lead to 649 with second ……..
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View Previous Fresnillo & Big Picture ***
LSE:HSBA HSBC. Close Mid-Price: 617.2 Percentage Change: + 1.05% Day High: 620.4 Day Low: 613.6
Target met. Continued trades against HSBA with a mid-price ABOVE 620.4 sh ……..
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View Previous HSBC & Big Picture ***
LSE:IDS International Distribution Close Mid-Price: 201.2 Percentage Change: -1.57% Day High: 208.4 Day Low: 199.3
If International Distribution experiences continued weakness below 199.3, ……..
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View Previous International Distribution & Big Picture ***
LSE:MMAG Music Magpie Close Mid-Price: 20.5 Percentage Change: -6.82% Day High: 22.25 Day Low: 20.5
In the event Music Magpie experiences weakness below 20.5 it calculates w ……..
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View Previous Music Magpie & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 271.6 Percentage Change: + 1.19% Day High: 272.3 Day Low: 269
Further movement against Natwest ABOVE 272.3 should improve acceleration ……..
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View Previous Natwest & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 403.4 Percentage Change: + 2.39% Day High: 408.9 Day Low: 391
In the event Ocado Plc experiences weakness below 391 it calculates with ……..
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View Previous Ocado Plc & Big Picture ***
LSE:ODX Omega Diags. Close Mid-Price: 2.5 Percentage Change: + 2.04% Day High: 2.5 Day Low: 2.4
If Omega Diags experiences continued weakness below 2.4, it will invariab ……..
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View Previous Omega Diags & Big Picture ***
LSE:TERN Tern Plc Close Mid-Price: 4.1 Percentage Change: -3.53% Day High: 4.25 Day Low: 3.75
Weakness on Tern Plc below 3.75 will invariably lead to 2.6 next with sec ……..
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View Previous Tern Plc & Big Picture ***