#Mosman Oil & Gas (LSE:MSMN) #CAC40 #SP500 With some shares, identifying the ruling trend can verge on impossible. Mosman falls somewhat neatly into this category as price movements seem completely unrelated to prior trend influences. Todays feature is a “back to school” item.
On the chart below, there’s the GREEN trend line. It looks sensible, it looks viable. But as the share price has now retreated below the point of trend break, we cannot regard it as viable.
Secondly, we’ve painted the RED trend line. There’s a chance this one shall prove viable as despite the share price retreating below the point of trend break, something rather exquisite happened (see inset) which suggests the market acknowledged this as a trend when it opted to manipulate (gap) the share price back below RED following an initial upward break. This being the case, we should recognise the prior movement which defined this trend as a force of attraction – just below the 1.5p mark.
Third, there’s the DARK BLUE trend line. Anyone reading who’s not fallen asleep by this point would be correct in assuming this is providing the near term influence. It implies growth now bettering 0.83p should achieve an initial 1.05p. While pretty useless, the share becomes of special interest should 1.05p be exceeded as we can calculate a secondary at 1.48p.
Reaching nearly the 1.5p mark becomes quite a milestone for the share as closure above the 1.48p level brings the price into a region where 2.5p calculates as possible in the future. And this brings us to Fourth, the Light Blue trend line.
Since 2016, the price has experienced a few surges and visually they appear to be of the “enhanced expectation” nature, doubtless due to ill founded internet gossip. Movements such as this often inflict severe damage to a share and in the case of Mosman, they cause us to calculate “ultimate bottom” at -10p, an impossible number. But the Light Blue line is liable to be critical for the longer term as anything capable of getting the share price above it will tend signal an end to “unfounded expectation” and imply real strength, forcing us once again to review the tea leaves.
For now though, it’s blooming dangerous, needing move below 0.42p for running shoes to become a wiser investment.
It can be safely assumed the team behind T&T do not have a vibrant social life…
|
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
|
|
9:50:44PM |
BRENT |
71.67 |
||||||||||
|
9:52:31PM |
GOLD |
1227.35 |
Success |
|||||||||
|
9:54:40PM |
FTSE |
7667 |
Shambles |
|||||||||
|
9:58:57PM |
FRANCE |
5436.2 |
5379 |
5351 |
5319 |
5415 |
5447 |
5454.75 |
5465 |
5395 |
‘cess |
|
|
10:00:53PM |
GERMANY |
12719.37 |
Success |
|||||||||
|
10:07:16PM |
US500 |
2812.12 |
2795 |
2794 |
2782 |
2805 |
2814 |
2815.5 |
2825 |
2790 |
Shambles |
|
|
10:17:36PM |
DOW |
25134.2 |
||||||||||
|
10:20:30PM |
NASDAQ |
7407.25 |
‘cess |
|||||||||
|
10:22:25PM |
JAPAN |
22848 |
Success |
17/07/2018 FTSE Closed at 7626 points. Change of 0.34%. Total value traded through LSE was: £ 5,881,481,055 a change of 19.07%
16/07/2018 FTSE Closed at 7600 points. Change of -0.8%. Total value traded through LSE was: £ 4,939,520,492 a change of -7.42%
13/07/2018 FTSE Closed at 7661 points. Change of 0.09%. Total value traded through LSE was: £ 5,335,259,467 a change of -14.51%
12/07/2018 FTSE Closed at 7654 points. Change of 0.83%. Total value traded through LSE was: £ 6,240,611,480 a change of -2.23%
11/07/2018 FTSE Closed at 7591 points. Change of -1.31%. Total value traded through LSE was: £ 6,383,168,183 a change of 6.72%
10/07/2018 FTSE Closed at 7692 points. Change of 0.05%. Total value traded through LSE was: £ 5,981,269,158 a change of 5.33%
9/07/2018 FTSE Closed at 7688 points. Change of 1.04%. Total value traded through LSE was: £ 5,678,830,364 a change of 4.7% 
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
The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!
Click Epic to jump to share: LSE:BARC Barclays** **LSE:CBUY Cloudbuy** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:LLOY Lloyds Grp.** **LSE:RED REDT** **LSE:RMG Royal Male** **LSE:RTHM Rythm One** **LSE:STAN Standard Chartered** **LSE:TLW Tullow** **LSE:UKOG UK Oils and Gas** **
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Updated charts published on : Barclays, Cloudbuy, Foxtons, Fresnillo, Lloyds Grp., REDT, Royal Male, Rythm One, Standard Chartered, Tullow, UK Oils and Gas,
LSE:BARC Barclays Close Mid-Price: 188.36 Percentage Change: -1.65% Day High: 192.78 Day Low: 188.68
2018=12
Barclays refusal to collapse into the jaws of oblivion is a surprise and n ……..
View Previous Barclays & Big Picture ***
LSE:CBUY Cloudbuy Close Mid-Price: 3.1 Percentage Change: -13.89% Day High: 3.6 Day Low: 3.1
2018=23
This is behaving badly as weakness continuing below 3p suggests travel dow ……..
View Previous Cloudbuy & Big Picture ***
LSE:FOXT Foxtons Close Mid-Price: 46.85 Percentage Change: -1.26% Day High: 47.6 Day Low: 46
2018=35
Below 46 remains with the prospect of 44 presenting a point where it must ……..
View Previous Foxtons & Big Picture ***
LSE:FRESLSE:FRES Fresnillo. Close Mid-Price: 1117.5 Percentage Change: + 1.92% Day High: 1122 Day Low: 1083.5
2018=35
Weakness below 1083 indicates travel continuing toward 1018 next. If broke ……..
View Previous Fresnillo & Big Picture ***
LSE:LLOY Lloyds Grp. Close Mid-Price: 62.45 Percentage Change: -0.06% Day High: 62.91 Day Low: 62.28
2018=23
Just an updated chart as now below 60.5 and we’re looking down at 57p with ……..
View Previous Lloyds Grp. & Big Picture ***
LSE:RED REDT Close Mid-Price: 4.7 Percentage Change: -2.08% Day High: 4.9 Day Low: 4.7
2018=23
This is pretty grim as below 4.7 looks like 4.05 with some bounce potentia ……..
View Previous REDT & Big Picture ***
LSE:RMGLSE:RMG Royal Male. Close Mid-Price: 489.5 Percentage Change: + 1.81% Day High: 499.1 Day Low: 474
2018=23
Continued postage below 474 suggests further weakness to 460 but realistic ……..
View Previous Royal Male & Big Picture ***
LSE:RTHMLSE:RTHM Rythm One. Close Mid-Price: 222 Percentage Change: + 12.12% Day High: 222 Day Low: 197
2018=12
Target Met. Now above 222 and it appears travel to an initial 236 should o ……..
View Previous Rythm One & Big Picture ***
LSE:STAN Standard Chartered Close Mid-Price: 669.3 Percentage Change: -0.89% Day High: 675.7 Day Low: 664.2
2018=12
Ongoing weakness below 664 remains with the suggestion of travel to 628 in ……..
View Previous Standard Chartered & Big Picture ***
LSE:TLWLSE:TLW Tullow. Close Mid-Price: 219 Percentage Change: + 0.74% Day High: 220.7 Day Low: 214
2018=10
The scenario remains of below 214 suggesting that 212 has slight rebound i ……..
View Previous Tullow & Big Picture ***
LSE:UKOGLSE:UKOG UK Oils and Gas. Close Mid-Price: 2.52 Percentage Change: + 5.30% Day High: 2.58 Day Low: 2.34
2018=35
This appears to be useful again as above 2.58 suggests some growth to 3p n ……..
View Previous UK Oils and Gas & Big Picture ***
*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.
Click Epic to jump to share:LSE:AFC AFC Energy** **LSE:AGM Applied Graph.** **LSE:AMER Amerisur** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:BPC Bahamas Pet** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CEY Centamin** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:KAZ Kaz Minerals** **LSE:LMI LonMin** **LSE:MKS Marks and Spencer** **LSE:MOS Mobile Streams** **LSE:NG. National Glug** **LSE:NIPT Premaltha** **LSE:OPG OPG Power Ventures** **LSE:OXIG Oxford Instruments** **LSE:PMG Parkmead** **LSE:PMO Premier** **LSE:POG Petrop etc** **LSE:POL Polo Resources** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:QFI Quadrise** **LSE:RBS Royal Bank Scot** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SHP Shire** **LSE:SUMM Summit** **LSE:SXX Sirius Mins** **LSE:TAN Tanfield** **LSE:TCG Thomas Cook Group** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VEC Vectura** **LSE:VED Vedanta** **LSE:VOD Vodafone** **LSE:VOG VICTORIA** **LSE:WTG Watchstone** **LSE:ZOL Zoldav** **
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Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!
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Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Trends and Targets Ltd, Shareprice, or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.