#Gold #DowJones Our low opinion remains of the subsidy junkie “green” energy sector, TRIG with a share price around 75p being the most recent one we’ve been asked to review. The Renewables Infrastructure Group (TRIG), a British investment trust, is dedicated to investments in assets capable of generating electricity from renewable sources. We remain extremely cynical about the entire Green sector, suspecting it remains a bubble of methane gas, not something particularly attractive.
From a near term techie perspective, TRIG requires to trade below 70p to risk promoting reversal down to an initial 67p. Our secondary, should such a level break, works out down at 65p, along with a chance of a rebound.
Our alternate scenario is a bit more interesting.
Above just 76p looks capable of triggering share price recovery to an initial 88p with our secondary, if bettered, calculating at a longer term 95p. In this instance, the initial target is, from our perspective, the more important price level as closure above 88p opens the door for a Big Picture initiative, one which presents a long term 116p as a viable ambition. Perhaps the newest UK Prime Minister has some clever ideas to throw more money at the Green sector, gifting him more Karma points as he mingles insignificantly on the world stage.
However, despite our negative fundamental view of the industry, the technical picture currently suggests TRIG’s share price may have further upside ahead.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:43:57PM | BRENT | 9275.1 | |||||||||
| 10:53:30PM | GOLD | 4122.03 | 4105 | 4087 | 4061 | 4125 | 4138 | 4150 | 4212 | 4105 | ‘cess |
| 11:03:25PM | FTSE | 10698.5 | Success | ||||||||
| 11:11:20PM | STOX50 | 6298.8 | ‘cess | ||||||||
| 11:21:57PM | GERMANY | 25109.7 | ‘cess | ||||||||
| 11:26:57PM | US500 | 7481.6 | |||||||||
| 11:29:26PM | DOW | 52166.8 | 51869 | 51785 | 51590 | 52116 | 52511 | 52637 | 52923 | 52215 | |
| 11:32:23PM | NASDAQ | 28888.8 | Shambles | ||||||||
| 11:37:23PM | JAPAN | 66222 | Shambles |
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:AML Aston Martin** **LSE:AV. Aviva** **LSE:GKP Gulf Keystone** **LSE:HSBA HSBC** **LSE:MKS Marks and Spencer** **LSE:NWG Natwest** **LSE:PHP Primary Health** **LSE:SPX Spirax** **LSE:STAN Standard Chartered** **
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Updated charts published on : Aviva, Gulf Keystone, HSBC, Marks and Spencer, Natwest, Spirax, Standard Chartered,
LSE:AML Aston Martin. Close Mid-Price: 35.28 Percentage Change: + 0.00% Day High: 36.2 Day Low: 34.84
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LSE:AV. Aviva. Close Mid-Price: 688 Percentage Change: + 0.00% Day High: 692.8 Day Low: 676
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LSE:GKP Gulf Keystone. Close Mid-Price: 175.6 Percentage Change: + 0.00% Day High: 176.6 Day Low: 173
If the price of Gulf Keystone manages to move ABOVE 176.6, initial UP tar ……..
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LSE:HSBA HSBC. Close Mid-Price: 1541 Percentage Change: + 0.00% Day High: 1543 Day Low: 1504.4
Target met. The next task for HSBC is to get the price above 1543p (not w ……..
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LSE:MKS Marks and Spencer. Close Mid-Price: 396.6 Percentage Change: + 0.00% Day High: 403 Day Low: 394.4
All Marks and Spencer needs are mid-price trades ABOVE 403 to improve acc ……..
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LSE:NWG Natwest. Close Mid-Price: 684.6 Percentage Change: + 0.00% Day High: 689.4 Day Low: 677.4
Simply managing to get the share price above 689.4 is the next hurdle for ……..
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LSE:PHP Primary Health. Close Mid-Price: 94.9 Percentage Change: + 0.00% Day High: 95.35 Day Low: 93.3
In the event of PHP share price managing to exceed 95.35 (please, not an ……..
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LSE:SPX Spirax. Close Mid-Price: 7030 Percentage Change: + 0.00% Day High: 7100 Day Low: 6825
Target met. The next task for Spirax is to get the price above 7100p (not ……..
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View Previous Spirax & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 2155 Percentage Change: + 0.00% Day High: 2166 Day Low: 2101
Simply managing to get the share price above 2166p is the next hurdle for ……..
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