PAN AFRICAN #PAF #NK225 #SP500 Every now an then, someone will comment with what sounds like absolute authority; “Charts are not relevant for AIM shares!”. We’ve learned to leave opinions like that alone, taking a “horse to water” stance.
Pan African has, during 2018, managed perform quite a fascinating feat (shown by the inset on the chart) as the share price smashed below the uptrend since 2008, then simply stopped going down. This means one of two things – or perhaps both! Either “the herd” are actively trading the share, effectively protecting the price or more probably the market doesn’t (currently) want the price to drop further.
It’s presently trading around 7.5p and needs CLOSE below 7p to convince us it’s entering a drop cycle to 5p initially where a convincing argument indicates some sort of bounce can be expected. But if 5p is broken intraday, ultimate bottom is around the 3.25p mark, a point we cannot calculate below.
We’ve mentioned repeatedly our in-house mantra, “if it ain’t goin’ down, it’s goin’ up”. This lot certainly fulfil all criteria behind this fable as now, if the price betters 8.1p, our initial growth calculation comes along at 9.4p. What really surprises is the secondary if 9.4p bettered as it looks like 12.8p is a viable ambition – by our standards, quite a jump. Above 12.8 and we’d need stir the tea leaves again.
A suspicion this mobs price is ‘parked’, while the market awaits some sort of news, will doubtless be justified with some investigation.
|
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
|
|
10:24:52PM |
BRENT |
72.35 |
Success |
|||||||||
|
10:27:45PM |
GOLD |
1214.29 |
Shambles |
|||||||||
|
10:30:02PM |
FTSE |
7725.5 |
‘cess |
|||||||||
|
10:32:36PM |
FRANCE |
5492.7 |
Success |
|||||||||
|
10:34:37PM |
GERMANY |
12600.4 |
‘cess |
|||||||||
|
10:37:13PM |
US500 |
2853.87 |
2852 |
2849.5 |
2845 |
2858 |
2864 |
2872 |
2880 |
2854 |
||
|
10:42:17PM |
DOW |
25525 |
||||||||||
|
10:44:26PM |
NASDAQ |
7460.29 |
Shambles |
|||||||||
|
10:46:22PM |
JAPAN |
22550 |
22550 |
22504.5 |
22409 |
22642 |
22740 |
22851 |
23015 |
22686 |
‘cess |
8/08/2018 FTSE Closed at 7776 points. Change of 0.75%. Total value traded through LSE was: £ 5,491,644,452 a change of -5.04%
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% 
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:AGM Applied Graph.** **LSE:BDEV Barrett Devs** **LSE:BPC Bahamas Pet** **LSE:BT.A British Telecom** **LSE:EME Empyrean** **LSE:GKP Gulf Keystone** **LSE:IHG Intercontinental Hotels Group** **LSE:KAZ Kaz Minerals** **LSE:SHP Shire** **LSE:TLW Tullow** **
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Updated charts published on : Applied Graph., Barrett Devs, Bahamas Pet, British Telecom, Empyrean, Gulf Keystone, Intercontinental Hotels Group, Kaz Minerals, Shire, Tullow,
LSE:AGMLSE:AGM Applied Graph.. Close Mid-Price: 45.2 Percentage Change: + 5.12% Day High: 46.5 Day Low: 43
2018=70
This is slightly interesting as above 47 suggests traffic coming to 49p. G ……..
View Previous Applied Graph. & Big Picture ***
LSE:BDEVLSE:BDEV Barrett Devs. Close Mid-Price: 547 Percentage Change: + 1.03% Day High: 546 Day Low: 532.8
2018=12
Movement now continuing above 546 indicates coming travel to 577p initiall ……..
View Previous Barrett Devs & Big Picture ***
LSE:BPCLSE:BPC Bahamas Pet. Close Mid-Price: 7.08 Percentage Change: + 6.47% Day High: 7.45 Day Low: 6.75
2018=35
Target Met. Now above 7.45 and the suggestion is of some growth to 8.65 ne ……..
View Previous Bahamas Pet & Big Picture ***
LSE:BT.ALSE:BT.A British Telecom. Close Mid-Price: 240 Percentage Change: + 0.52% Day High: 241.6 Day Low: 238.75
2018=18
It appears the mood may have changed here as above 242 hints rather firmly ……..
View Previous British Telecom & Big Picture ***
LSE:EME Empyrean Close Mid-Price: 6.4 Percentage Change: -3.40% Day High: 6.62 Day Low: 5.8
2017=17
Below 5.8 and the potential of 5.5 appearing as a rebound level remains vi ……..
View Previous Empyrean & Big Picture ***
LSE:GKPLSE:GKP Gulf Keystone. Close Mid-Price: 284.5 Percentage Change: + 4.60% Day High: 284.5 Day Low: 272.5
2018=10
Above 285 remains with the potential of heading uphill to 300 initially wi ……..
View Previous Gulf Keystone & Big Picture ***
LSE:IHGLSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4647 Percentage Change: + 0.87% Day High: 4707 Day Low: 4569
2018=8
Below 4569 makes a trip to 4431 pretty likely, along with secondary down a ……..
View Previous Intercontinental Hotels Group & Big Picture ***
LSE:KAZLSE:KAZ Kaz Minerals. Close Mid-Price: 625.6 Percentage Change: + 2.42% Day High: 641.4 Day Low: 607
2018=7
It appears this needs move above 685 to be taken seriously, entering a cyc ……..
View Previous Kaz Minerals & Big Picture ***
LSE:SHPLSE:SHP Shire. Close Mid-Price: 4500 Percentage Change: + 0.63% Day High: 4514.5 Day Low: 4450
2018=14
Moves now bettering 4515 still confirm this on a path to 4535 next. Second ……..
View Previous Shire & Big Picture ***
LSE:TLWLSE:TLW Tullow. Close Mid-Price: 231.5 Percentage Change: + 0.61% Day High: 235 Day Low: 227.9
2018=10
Continued acrobatics above 235 still indicate a voyage to an initial 241p. ……..
View Previous Tullow & 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:AMER Amerisur** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **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:IPF International Personal Finance** **LSE:IQE IQE** **LSE:ITV ITV** **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:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:STAN Standard Chartered** **LSE:SUMM Summit** **LSE:SXX Sirius Mins** **LSE:TAN Tanfield** **LSE:TCG Thomas Cook Group** **LSE:TSCO Tesco** **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!
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