Range Resources #RRL #GOLD #DAX Since RRL was relisted, we’ve tried to avoid commenting but a flurry of emails asking where “bottom” might be tends suggest people are paying attention. There are bound to be substantial numbers of folk trapped in this once popular disaster!
It’s presently trading around 0.097p with a bit of an issue in our calculations as “bottom” is supposed to reside somewhere around 0.073 and 0.11p. As a result, it’s already in the zone but the bigger question to be asked is whether it shall actually bounce. After all, the Big Picture already has the share price trading in a region where ultimate bottom is -4.5p, an impossible scenario.
As we’re fond of making crayon marks on chart, there is a BLUE line which dates back to 2014, along with an implication movements against Range have – so far this year – respected this trend. If this is indeed the case, there’s currently a vague promise of any bounce which betters 0.15 as apparently entering a cycle to an initial useless 0.27p.
And if this level is exceeded, the secondary calculates at 0.47.
To be fair, above 0.27p allows some quite strong longer term movements, none of which we expect to occur unless either positive news is forthcoming or some extremely positive sentiment appears in Internet chat rooms.
In summary, it’s dangerous and reminds of the old elephant sex joke. If successful, it takes 18 months for anything to happen. If unsuccessful, you get trampled to death.
|
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
|
|
9:55:58PM |
BRENT |
74.57 |
‘cess |
|||||||||
|
9:58:32PM |
GOLD |
1210.89 |
1208 |
1205.35 |
1201.7 |
1214 |
1214.5 |
1217.265 |
1220.93 |
1208 |
Shambles |
|
|
10:00:59PM |
FTSE |
7723.38 |
Success |
|||||||||
|
10:03:22PM |
FRANCE |
5520.7 |
Success |
|||||||||
|
10:05:54PM |
GERMANY |
12672 |
12606 |
12587.5 |
12537 |
12725 |
12739 |
12831.5 |
12945 |
12638 |
||
|
10:08:32PM |
US500 |
2861.37 |
‘cess |
|||||||||
|
10:19:05PM |
DOW |
25654 |
Success |
|||||||||
|
10:21:02PM |
NASDAQ |
7470.57 |
||||||||||
|
10:22:51PM |
JAPAN |
22658 |
‘cess |
7/08/2018 FTSE Closed at 7718 points. Change of 0.72%. Total value traded through LSE was: £ 5,783,256,365 a change of -3.91%
6/08/2018 FTSE Closed at 7663 points. Change of 0.05%. Total value traded through LSE was: £ 6,018,611,086 a change of 89.31%
3/08/2018 FTSE Closed at 7659 points. Change of 1.11%. Total value traded through LSE was: £ 3,179,276,502 a change of -67.69%
2/08/2018 FTSE Closed at 7575 points. Change of -1.01%. Total value traded through LSE was: £ 9,840,475,514 a change of -1.02%
1/08/2018 FTSE Closed at 7652 points. Change of -1.24%. Total value traded through LSE was: £ 9,941,905,370 a change of 85.64%
31/07/2018 FTSE Closed at 7748 points. Change of 0.62%. Total value traded through LSE was: £ 5,355,409,774 a change of 3.16%
30/07/2018 FTSE Closed at 7700 points. Change of -0.01%. Total value traded through LSE was: £ 5,191,373,123 a change of -6.91% 
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
The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!
Click Epic to jump to share: LSE:AMER Amerisur** **LSE:CAR Carclo** **LSE:CPI Capita** **LSE:EME Empyrean** **LSE:GENL Genel** **LSE:HIK Hikma** **LSE:IHG Intercontinental Hotels Group** **LSE:SBRY Sainsbury** **LSE:SHP Shire** **LSE:SXX Sirius Mins** **LSE:TSCO Tesco** **
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Updated charts published on : Amerisur, Carclo, Capita, Empyrean, Genel, Hikma, Intercontinental Hotels Group, Sainsbury, Shire, Sirius Mins, Tesco,
LSE:AMERLSE:AMER Amerisur. Close Mid-Price: 15.2 Percentage Change: + 6.59% Day High: 15.46 Day Low: 13.7
2018=70
The recent 13.4 was perhaps sufficiently close to our 13 for a target met ……..
View Previous Amerisur & Big Picture ***
LSE:CAR Carclo Close Mid-Price: 93.5 Percentage Change: -20.43% Day High: 118 Day Low: 91.4
2018=70
This appears to be suffering a bit of a whoops, due to movement now below ……..
View Previous Carclo & Big Picture ***
LSE:CPI Capita Close Mid-Price: 123.5 Percentage Change: -4.15% Day High: 129.6 Day Low: 119.3
Continued weakness below 119 remains pointing down toward 116 and ideally ……..
View Previous Capita & Big Picture ***
LSE:EME Empyrean Close Mid-Price: 6.62 Percentage Change: -7.02% Day High: 7.5 Day Low: 6.62
2017=17
Target met or near enough. Below 6.5 and the potential of 5.5 appearing as ……..
View Previous Empyrean & Big Picture ***
LSE:GENLLSE:GENL Genel. Close Mid-Price: 290 Percentage Change: + 8.61% Day High: 302 Day Low: 270
2018=10
Target Met. As expected, the price appears to be stumbling and care taken ……..
View Previous Genel & Big Picture ***
LSE:HIKLSE:HIK Hikma. Close Mid-Price: 1690 Percentage Change: + 0.75% Day High: 1714.5 Day Low: 1673.5
2018=14
Now above 1715 indicates 1723 next with secondary, if bettered, up at 1765 ……..
View Previous Hikma & Big Picture ***
LSE:IHG Intercontinental Hotels Group Close Mid-Price: 4607 Percentage Change: -2.99% Day High: 4764 Day Low: 4589
2018=8
The early sign of danger we’d been concerned about appears to have come to ……..
View Previous Intercontinental Hotels Group & Big Picture ***
LSE:SBRYLSE:SBRY Sainsbury. Close Mid-Price: 334.9 Percentage Change: + 1.00% Day High: 336.1 Day Low: 331.4
2018=23
Price growth continuing beyond 337 indicates travel toward 342 next and a ……..
View Previous Sainsbury & Big Picture ***
LSE:SHPLSE:SHP Shire. Close Mid-Price: 4472 Percentage Change: + 0.64% Day High: 4480 Day Low: 4442.5
2018=14
Moves now bettering 4480 still confirm this on a path to 4535 next. Second ……..
View Previous Shire & Big Picture ***
LSE:SXX Sirius Mins Close Mid-Price: 36.92 Percentage Change: -4.60% Day High: 39.78 Day Low: 36.82
2018=23
The scenario remains of movement above 40p pointing at 44p next and a bit ……..
View Previous Sirius Mins & Big Picture ***
LSE:TSCOLSE:TSCO Tesco. Close Mid-Price: 260 Percentage Change: + 0.23% Day High: 264.6 Day Low: 258.9
2018=23
Price growth above 265 should still bring growth to 282p next. If bettered ……..
View Previous Tesco & 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:ASC Asos** **LSE:AV. Aviva** **LSE:BARC Barclays** **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:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **LSE:DGE Diageo** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:KAZ Kaz Minerals** **LSE:LLOY Lloyds Grp.** **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:RED REDT** **LSE:RKH Rockhopper** **LSE:RMG Royal Male** **LSE:RR. Rolls Royce** **LSE:RTHM Rythm One** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:STAN Standard Chartered** **LSE:SUMM Summit** **LSE:TAN Tanfield** **LSE:TCG Thomas Cook Group** **LSE:TLW Tullow** **LSE:TW. Taylor Wimpey** **LSE:UKOG UK Oils and Gas** **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!
Risk Warning & Notice to Investors
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.