Trends and Targets for 11/09/2018

#Cineworld #Gold #Nasdaq In this day and age, it’s a mystery why city multi story car parks are not converted to drive in cinema’ in the evening when they are empty. How hard would it be to securely stream movies to tablets, laptops, or whatever in parked cars?

Cineworld share price took a bit of a hammering earlier this year with the price showing arithmetical precision in its drop to 221p. From our perspective, this was a perfect reversal, one which confirmed a trend and unfortunately created the current risky position of movement below 230p driving the price sharply down to 165p. And that’s it, we cannot calculate below such a level.

However, we’re choosing to take some hope from the circled manipulation gap as it implied the market enacted a cunning plan, hopefully with something in mind for the future. If this is indeed the case, near term movements bettering 310p calculates as capable of driving the price to an initial 333p. We’re a little less confident about the secondary ambition if 333p is bettered as it depends on the price exhibiting some stutters at the 333p level, perhaps even reversing again to donk against the RED uptrend, before a future surge above 333p allows for 393p.

Moves such as this tend become confusing, hinting the drop at the start of the year was overcooked and some considerable hope exists for the longer term.

For now, it’s probably worth watching if only for a surge from 310 to 333p.

Chart goes here

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:25:36PM

BRENT

77.18

‘cess

10:27:39PM

GOLD

1196.51

1191.5

1189

1184.5

1198

1198.5

1199.3

1201.9

1193

10:41:57PM

FTSE

7282.49

10:45:07PM

FRANCE

5277.2

Success

10:57:07PM

GERMANY

12004.35

‘cess

10:58:56PM

US500

2879.27

11:00:46PM

DOW

25882.4

Shambles

11:02:16PM

NASDAQ

7457.12

7409

7388

7358

7458

7478

7504

7543

7424

11:03:58PM

JAPAN

22451

10/09/2018 FTSE Closed at 7279 points. Change of 0.03%. Total value traded through LSE was: £ 8,050,026,757 a change of -26.36%
7/09/2018 FTSE Closed at 7277 points. Change of -0.56%. Total value traded through LSE was: £ 10,931,787,277 a change of 12.39%
6/09/2018 FTSE Closed at 7318 points. Change of -0.88%. Total value traded through LSE was: £ 9,726,599,947 a change of 2.33%
5/09/2018 FTSE Closed at 7383 points. Change of -0.99%. Total value traded through LSE was: £ 9,504,910,826 a change of 30.99%
4/09/2018 FTSE Closed at 7457 points. Change of -0.63%. Total value traded through LSE was: £ 7,256,128,960 a change of 28.36%
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%

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