#FTSE #WallSt For some reason, we’ve always associated this company with cordless vacuum cleaners and of course, nothing could be further from the truth. Oddly, a single experience with a Gtech ‘pet’ vacuum ended badly, the thing unable to reliably clean the detritus of two Golden Retrievers. Dog hair is always the ultimate leveller in this particular market and nowadays, we’ve settled for a brand called “Shark”.
The reason for dipping into our bottomless tub of peeves comes from a few emails, asking our opinion on GSTechnologies price movements. After dipping into their website and discovering they are not in the business of hoovering up pet hair, instead we discover they are in buzzword heaven, probably hoovering up investors dreams of good times ahead. Okay, we admit a certain bias but as soon as we come across references to “Blockchain” and “Crypto”, a sinking feeling establishes itself as Fintech company share prices tend follow a distinct trajectory which is a shame, because the sector is bound to produce some stars. But despite this Australian company (Listed in London) producing a 26% share price rise, we remain sceptical, possibly for a very silly reason!
It is all to do with the lack of 1/100th of a penny. When we map the closing price trend of GSTechnologies, on a day when the share price closed at 1.01p, there was a problem. The closing price trend demanded the share price CLOSE above 1.012p to generate a flurry of hope as this would indicate the downtrend had been breached. While we’re being quite pedantic, especially as the last trade was shown at 1.02p but with a mid-price of 1.01, only a tiny nudge was needed to drop the share into the land of hope. Instead, the market ensured the closing price trend was not broken, a movement which felt a little unfair given the flamboyant day. This has created a situation, where our calculations demand movement next above 1.12p to give serious hope, ideally capable of generating a lift to an initial 1.42p with our secondary, if bettered, working out at 1.71p.
Importantly for the longer term, share price closure above 1.71p justifies a future ambition up at a visually pleasing 2.8p and the need for us to revisit the numbers. In theory, price movements next above a mid-price of 1.02p could kick things off but we’re being extremely cynical, due to the care taken to ensure the closing price trend was respected, if only by 1/100th of a penny.
Good luck with this. Maybe they are only awaiting a positive news report for the market to give the share price permission to move properly.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 12:06:56AM | BRENT | 8058.6 | ‘cess | ||||||||
| 12:10:14AM | GOLD | 2408.42 | Success | ||||||||
| 12:13:08AM | FTSE | 8151.2 | 8124 | 8119 | 8082 | 8152 | 8230 | 8268 | 8316 | 8202 | ‘cess |
| 12:16:11AM | STOX50 | 4889.5 | |||||||||
| 12:19:27AM | GERMANY | 18502 | Success | ||||||||
| 12:23:59AM | US500 | 5534 | |||||||||
| 12:27:53AM | DOW | 40264.5 | 40223 | 40157 | 40036 | 40386 | 40527 | 40601 | 40738 | 40311 | ‘cess |
| 12:31:02AM | NASDAQ | 19636 | Shambles | ||||||||
| 12:34:51AM | JAPAN | 39324 | Success |
23/07/2024 FTSE Closed at 8167 points. Change of -0.38%. Total value traded through LSE was: £ 5,265,250,514 a change of 15.55%
22/07/2024 FTSE Closed at 8198 points. Change of 0.53%. Total value traded through LSE was: £ 4,556,598,316 a change of 4.43%
19/07/2024 FTSE Closed at 8155 points. Change of -0.6%. Total value traded through LSE was: £ 4,363,233,367 a change of 1.99%
18/07/2024 FTSE Closed at 8204 points. Change of 0.21%. Total value traded through LSE was: £ 4,278,080,573 a change of -5.62%
17/07/2024 FTSE Closed at 8187 points. Change of 0.28%. Total value traded through LSE was: £ 4,532,847,996 a change of 7.45%
16/07/2024 FTSE Closed at 8164 points. Change of -0.22%. Total value traded through LSE was: £ 4,218,485,938 a change of -1.45%
15/07/2024 FTSE Closed at 8182 points. Change of -0.85%. Total value traded through LSE was: £ 4,280,715,319 a change of 2.74% 
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:BLOE Block Energy PLC** **LSE:CAR Carclo** **LSE:CCL Carnival** **LSE:IGG IG Group** **LSE:MKS Marks and Spencer** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:SRP Serco** **
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Updated charts published on : AFC Energy, Block Energy PLC, Carclo, Carnival, IG Group, Marks and Spencer, Natwest, Ocado Plc, Serco,
LSE:AFC AFC Energy Close Mid-Price: 15.6 Percentage Change: -7.03% Day High: 16.48 Day Low: 15.2
If AFC Energy experiences continued weakness below 15.2, it will invariab ……..
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LSE:BLOE Block Energy PLC Close Mid-Price: 0.85 Percentage Change: -5.56% Day High: 0.9 Day Low: 0.85
In the event Block Energy PLC experiences weakness below 0.85 it calculat ……..
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LSE:CAR Carclo. Close Mid-Price: 26.8 Percentage Change: + 11.67% Day High: 29 Day Low: 24
Target met. All Carclo needs are mid-price trades ABOVE 29 to improve acc ……..
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LSE:CCL Carnival. Close Mid-Price: 1360 Percentage Change: + 3.62% Day High: 1376 Day Low: 1295.5
All Carnival needs are mid-price trades ABOVE 1376 to improve acceleratio ……..
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LSE:IGG IG Group Close Mid-Price: 859.5 Percentage Change: -0.23% Day High: 866 Day Low: 855.5
Target met. In the event of IG Group enjoying further trades beyond 866, ……..
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LSE:MKS Marks and Spencer. Close Mid-Price: 325.6 Percentage Change: + 1.75% Day High: 324.7 Day Low: 315.8
Target met. In the event of Marks and Spencer enjoying further trades bey ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 340 Percentage Change: + 0.41% Day High: 340.6 Day Low: 336.8
In the event of Natwest enjoying further trades beyond 340.6, the share s ……..
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LSE:OCDO Ocado Plc. Close Mid-Price: 430.8 Percentage Change: + 1.58% Day High: 434.8 Day Low: 419.4
In the event of Ocado Plc enjoying further trades beyond 434.8, the share ……..
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View Previous Ocado Plc & Big Picture ***
LSE:SRP Serco. Close Mid-Price: 188.5 Percentage Change: + 0.27% Day High: 194 Day Low: 186.6
Target met. All Serco needs are mid-price trades ABOVE 194 to improve acc ……..
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View Previous Serco & Big Picture ***