#Bagir Group LSE:BAGR #GOLD #NASDAQ Sometimes watching a share price has similar fascination to watching someone else digging a hole. Essentially, it can be hard to stop viewing, even though you already know what the end result shall be.
In the case of Bagir, recent price movements produced an added flourish, just teasing to make the job more interesting. We’ve showing two zoomed in cutaways below the chart as we suspect they shall prove crucial for the future.
The L/H shows the width of price movements during the most recent 5 sessions. The R/H shows how the share actually closed each day. It becomes pretty evident the market is taking special care to avoid the share price actually close a session above the downtrend since 2016. Perhaps the company is awaiting important news with such a release taking the share price above a region which has an ultimate bottom down at 0.3p.
Equally, perhaps ‘enhanced expectations’ through internet discussion forums are tending boost intraday traffic but yet again, the market is refusing the let the share break trend.
The immediate situation is almost laughable with the price requiring actually CLOSE a session above BLUE – 2.782p presently – to signal the potential of coming growth to 3.3p next. Better still, if exceeded, we calculate 4.7p as a viable secondary ambition. The visuals suggest some sort of stutter should be anticipated at the 4.7p level, due to the price matching the highs before the share was manipulated downward for whatever reason at the start of July last year.
Our normal preference when this sort of nonsense occurs is to suggest playing safe if chasing an intraday trade. Unfortunately, in the case of BAGR, playing safe is useless. If we write, movement above the prior high of 3.2p should bring 3.3p next, we’d quite correctly be open to ridicule. Alas, in this instance that’s exactly what “safe” means and thus, it’s doubtless saner to write “intraday traffic bettering 3.3p moves the price into a region with 4.7p available.”
The only problem?
We’ve only had a couple of emails asking about this lot but it may be wise to check it’s not being “ramped” in discussion forums.
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Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
|
|
9:40:50PM |
BRENT |
77.99 |
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|
9:42:28PM |
GOLD |
1201.79 |
1196 |
1191.685 |
1184.15 |
1204 |
1204 |
1205.81 |
1209.22 |
1198 |
||
|
9:47:50PM |
FTSE |
7490 |
Success |
|||||||||
|
9:58:48PM |
FRANCE |
5411.2 |
||||||||||
|
10:03:03PM |
GERMANY |
12337.97 |
||||||||||
|
10:04:54PM |
US500 |
2908.87 |
‘cess |
|||||||||
|
10:09:02PM |
DOW |
26012.7 |
Big Pic |
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|
10:11:34PM |
NASDAQ |
7676.6 |
7620 |
7608.5 |
7586 |
7662 |
7681 |
7704 |
7732 |
7631 |
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|
10:13:31PM |
JAPAN |
22761 |
3/09/2018 FTSE Closed at 7504 points. Change of 0.97%. Total value traded through LSE was: £ 5,653,084,205 a change of -41.31%
31/08/2018 FTSE Closed at 7432 points. Change of -1.12%. Total value traded through LSE was: £ 9,632,198,145 a change of 50.9%
30/08/2018 FTSE Closed at 7516 points. Change of -0.62%. Total value traded through LSE was: £ 6,383,041,209 a change of -4.59%
29/08/2018 FTSE Closed at 7563 points. Change of -0.71%. Total value traded through LSE was: £ 6,689,862,229 a change of -11.15%
28/08/2018 FTSE Closed at 7617 points. Change of 0.53%. Total value traded through LSE was: £ 7,529,661,342 a change of 30.8%
24/08/2018 FTSE Closed at 7577 points. Change of 0.19%. Total value traded through LSE was: £ 5,756,795,130 a change of -17.36%
23/08/2018 FTSE Closed at 7563 points. Change of -100%. Total value traded through LSE was: £ 6,966,445,199 a change of 0%