DRAX (LSE:DRX #CAC40 #SP500) We’ve a soft spot for #Drax. Toward the end of 2014, we were prostituting ourselves and trying hard to get a contract from a large hedge fund. Our calculations showed the share price was heading to an initial 4 quid, maybe even 2 quid if it went wrong.
The sneering manager at the hedge fund was quite vocal in disagreement. It transpired Drax was one of his “specialist subjects” and there was absolutely no way it was going to drop. That particular hedge fund shut down, in fairness echoing the behaviour of many who vanished during 2016 & 17 in what became known as the Bonfire of The Hedge Funds.
As far as we’re aware, we still do not have contracts with any Hedge Funds…
However, if Hedge Fund folk are reading, DRAX is starting to stir with the immediate situation suggesting closure above 373p should signal the start of a recovery phase to an initial 403p. We’d suspect some stutters around such a level, given this matches a period of highs last time the 4 quid level was troubled. Essentially, a bunch of folk are almost certainly going to sell once the price returns to break even. Of greater interest for the longer term is our secondary, if 403p bettered, as 564p calculates as a worthwhile ambition.
At present, if it all intends go wrong for DRAX, the price needs break below 295p as this looks capable of triggering reversal to a trend testing 220p. Crucially, if broken, bottom looks like 164p.
|
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
|
|
10:13:40PM |
BRENT |
72.34 |
‘cess |
|||||||||
|
10:15:22PM |
GOLD |
1194.54 |
||||||||||
|
10:17:45PM |
FTSE |
7643.22 |
Shambles |
|||||||||
|
10:19:55PM |
FRANCE |
5421 |
5390 |
5372.5 |
5347 |
5429 |
5435 |
5453 |
5477 |
5390 |
‘cess |
|
|
10:23:16PM |
GERMANY |
12413.58 |
Shambles |
|||||||||
|
10:26:53PM |
US500 |
2841 |
2821 |
2816 |
2807 |
2834 |
2861 |
2874 |
2939 |
2780 |
||
|
10:30:44PM |
DOW |
25317 |
||||||||||
|
10:32:33PM |
NASDAQ |
7449.24 |
||||||||||
|
10:35:21PM |
JAPAN |
22343 |
‘cess |
14/08/2018 FTSE Closed at 7611 points. Change of -0.41%. Total value traded through LSE was: £ 5,644,123,716 a change of 21.53%
13/08/2018 FTSE Closed at 7642 points. Change of -0.33%. Total value traded through LSE was: £ 4,644,175,815 a change of -12.56%
10/08/2018 FTSE Closed at 7667 points. Change of -0.96%. Total value traded through LSE was: £ 5,311,037,680 a change of 2.17%
9/08/2018 FTSE Closed at 7741 points. Change of -0.45%. Total value traded through LSE was: £ 5,198,020,570 a change of -5.35%
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% 
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:CAR Carclo** **LSE:EMG MAN** **LSE:HL. Hargreaves Lansdown** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:LLOY Lloyds Grp.** **LSE:RBS Royal Bank Scot** **LSE:RMG Royal Male** **LSE:RTHM Rythm One** **LSE:STAN Standard Chartered** **LSE:TCG Thomas Cook Group** **
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Updated charts published on : Barclays, Carclo, MAN, Hargreaves Lansdown, Intercontinental Hotels Group, International Personal Finance, Lloyds Grp., Royal Bank Scot, Royal Male, Rythm One, Standard Chartered, Thomas Cook Group,
LSE:BARC Barclays Close Mid-Price: 183.96 Percentage Change: -0.29% Day High: 185.52 Day Low: 183.3
2018=12
It looks like Barclays have placed a foot over the cliff. The immediate si ……..
View Previous Barclays & Big Picture ***
LSE:CAR Carclo Close Mid-Price: 91 Percentage Change: -2.47% Day High: 93 Day Low: 88.8
2018=70
Movement continuing below 88 indicates a vague potential of a bounce at 85 ……..
View Previous Carclo & Big Picture ***
LSE:EMG MAN Close Mid-Price: 169.4 Percentage Change: -1.22% Day High: 173.75 Day Low: 169.25
2018=35
Movement continuing downhill below 169 suggests some travel to an initial ……..
View Previous MAN & Big Picture ***
LSE:HL.LSE:HL. Hargreaves Lansdown. Close Mid-Price: 2129 Percentage Change: + 0.38% Day High: 2149 Day Low: 2117
2018=18
Target Met. It took its time, almost grudgingly! However, the price seems ……..
View Previous Hargreaves Lansdown & Big Picture ***
LSE:IHGLSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4742 Percentage Change: + 0.36% Day High: 4812 Day Low: 4722
2018=8
The surprising movement about 4800 occurred after the open and therefore i ……..
View Previous Intercontinental Hotels Group & Big Picture ***
LSE:IPFLSE:IPF International Personal Finance. Close Mid-Price: 236.2 Percentage Change: + 0.25% Day High: 239.8 Day Low: 227
2018=18
We’re not amused at the opening spike below 233 as it appears a fake, desi ……..
View Previous International Personal Finance & Big Picture ***
LSE:LLOY Lloyds Grp. Close Mid-Price: 60.98 Percentage Change: -0.65% Day High: 61.69 Day Low: 60.79
2018=23
Slight change to the numbers but otherwise nothing dramatic. Ongoing weakn ……..
View Previous Lloyds Grp. & Big Picture ***
LSE:RBS Royal Bank Scot Close Mid-Price: 242.2 Percentage Change: -1.46% Day High: 247 Day Low: 240.1
2018=7
Target Met. Or close enough. Below 239.5p and a visit to party central of ……..
View Previous Royal Bank Scot & Big Picture ***
LSE:RMG Royal Male Close Mid-Price: 454.9 Percentage Change: -1.60% Day High: 468.1 Day Low: 450.6
2018=23
This isn’t terribly encouraging as below 450 still points at 447 as provid ……..
View Previous Royal Male & Big Picture ***
LSE:RTHM Rythm One Close Mid-Price: 191 Percentage Change: -1.04% Day High: 197.8 Day Low: 191
2018=12
The situation now is apparently of weakness below 191 driving reversal to ……..
View Previous Rythm One & Big Picture ***
LSE:STAN Standard Chartered Close Mid-Price: 663 Percentage Change: -1.40% Day High: 674.7 Day Low: 662.1
2018=12
Ongoing weakness below 662 remains with the suggestion of travel to 628 in ……..
View Previous Standard Chartered & Big Picture ***
LSE:TCG Thomas Cook Group Close Mid-Price: 84.15 Percentage Change: -1.35% Day High: 85.15 Day Low: 82.45
2018=35
Further weakness below 82 looks capable of 78p initially with secondary, i ……..
View Previous Thomas Cook Group & 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:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **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:RED REDT** **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:TLW Tullow** **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!
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.
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