#Gold #Nasdaq Curiously, back in 2001 when ITM Power was around 7 quid, we provided criteria which pointed to a potential “bottom” of just 155p. A year later in September 2022, the share price reached our bottom, then the market decided to spare itself the inconvenience of a bounce by gapping the Hydrogen to Power specialist below our target (circled on chart), forcing the share down to 133p, providing sufficient excuse for the next 4 years of misery. The slightly crazy thing is news the UK Government have taken an investment in the company of around 10% of the equity.
What’s strange, this story og governmental backing is being used to explain selling pressure on the share price, whereas in the USA, when the government decides to back a company with equity investment, the result inevitably is for investors to follow suit. There has also been a fairly substantial campaign in the media, all trying to devalue the share price with talk of a 95p target level, perhaps even 60p if the “market experts” get their way. None of this makes any sense, the company experiencing record income levels for 2026 and issuing improved full year guidance toward income which equal an approximate 400% rise in just 2 years. And there is also their contract with NATA, weaving a defence industry layer into this particular scenario.
From our perspective, the share price needs CLOSE below 126p to generate serious concern, taking the price into the land of lower lows. Such a movement would indicate the potential for reversal to an initial 100p with our longer term secondary calculating at 77p and a probable bounce. But when we consider all the positives, it feels more like a campaign has been launched to manipulate the share price into territory where is could be considered “cheap”.
In other words, we seriously distrust current price movements, suspecting we’re witnessing a fake shuffle ahead of a positive future.
Should this prove to be the case, above 135p anytime soon has the potential to tick the first box in a surprise recovery scenario. If we’re proven correct, such a triggering scenario allows for surprise price recovery to an initial 173p with our longer term secondary, if beaten, at a future impressive 212p. Almost regardless of what happens next, we suspect this should prove interesting for the longer term as realistically, once the price closes above 135p, it opens the door for a future attraction as coming from an amazing 392p.
Unlike the coming Formula1 race from Miami, we think this shall prove worth watching.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:16:18PM | BRENT | 10352.9 | |||||||||
| 10:19:09PM | DOW | 49196 | |||||||||
| 10:21:40PM | GOLD | 4596.34 | 4554 | 4540 | 4422 | 4602 | 4642 | 4672 | 4711 | 4612 | |
| 10:35:14PM | FTSE | 10305 | |||||||||
| 10:37:38PM | STOX50 | 5829.2 | |||||||||
| 10:41:03PM | GERMANY | 23990.9 | |||||||||
| 10:45:27PM | US500 | 7141.8 | ‘cess | ||||||||
| 10:50:20PM | NASDAQ | 27055.2 | 26876 | 26817 | 26703 | 27063 | 27243 | 27386 | 27556 | 27174 | Success |
| 10:54:01PM | JAPAN | 5896.7 | 58823 | 58571 | 57780 | 59190 | 60077 | 60599 | 61178 | 59819 |
28/04/2026 FTSE Closed at 10332 points. Change of 0.11%. Total value traded through LSE was: £ 6,571,655,414 a change of -12.54%
27/04/2026 FTSE Closed at 10321 points. Change of -0.56%. Total value traded through LSE was: £ 7,514,052,310 a change of 11.19%
24/04/2026 FTSE Closed at 10379 points. Change of -0.75%. Total value traded through LSE was: £ 6,757,896,465 a change of -3.26%
23/04/2026 FTSE Closed at 10457 points. Change of -0.18%. Total value traded through LSE was: £ 6,985,316,582 a change of -3.94%
22/04/2026 FTSE Closed at 10476 points. Change of -0.21%. Total value traded through LSE was: £ 7,271,923,237 a change of 4.79%
21/04/2026 FTSE Closed at 10498 points. Change of -1.05%. Total value traded through LSE was: £ 6,939,310,505 a change of -19.68%
20/04/2026 FTSE Closed at 10609 points. Change of -0.54%. Total value traded through LSE was: £ 8,639,261,853 a change of -7.81% 
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:EXPN Experian** **LSE:IQE IQE** **LSE:SCLP Scancell** **LSE:SFOR S4 Capital** **LSE:TW. Taylor Wimpey** **
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Updated charts published on : Experian, IQE, Scancell, S4 Capital, Taylor Wimpey,
LSE:EXPN Experian Close Mid-Price: 2669.5 Percentage Change: -2.70% Day High: 2732 Day Low: 2668.5
Weakness on Experian below 2668.5 will invariably lead to 2550 next with ……..
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View Previous Experian & Big Picture ***
LSE:IQE IQE Close Mid-Price: 40.25 Percentage Change: -18.52% Day High: 44.3 Day Low: 36
Continued weakness against IQE taking the price below 36p calculates as l ……..
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View Previous IQE & Big Picture ***
LSE:SCLP Scancell. Close Mid-Price: 13.75 Percentage Change: + 5.77% Day High: 14 Day Low: 13.25
Continued trades against SCLP with a mid-price ABOVE 14 should improve th ……..
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View Previous Scancell & Big Picture ***
LSE:SFOR S4 Capital. Close Mid-Price: 42.6 Percentage Change: + 4.80% Day High: 44 Day Low: 39.05
All S4 Capital needs are mid-price trades ABOVE 44 to improve acceleratio ……..
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View Previous S4 Capital & Big Picture ***
LSE:TW. Taylor Wimpey Close Mid-Price: 79 Percentage Change: -5.25% Day High: 81.94 Day Low: 78.48
Target met. In the event Taylor Wimpey experiences weakness below 78.48 i ……..
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View Previous Taylor Wimpey & Big Picture ***