Trends and Targets for 23/10/2018

#Angus Energy #GOLD #NASDAQ Presumably this lot have nothing to do with Angus Deayton of HIGNFY fame. But it does give us an excuse to once again stress, check a company fundamentals in conjunction with our reports. Sites such as Interactive Investor can deluge traders with accurate historical information on a company! It’s worth reminding advice from free internet discussion forums is worth precisely what you pay for it.

 

There’s something we are on the edge of liking about Angus Energy’s recent price movements. At present, they are trading around 11.5p and movement now bettering 12.75p looks capable of a recovery cycle toward an initial 16p. Secondary, if bettered, is at 18p.

Shown on the chart is an extremely tentative line, a trend drawn on historical closing prices. At present, it demands the share price actually close above 20p before continued recovery to 27p becomes possible. Price movements certainly provide a little confusion as, to be honest, we have considerable trouble projecting any rise beyond 18p.

If experience is anything to rely upon, should the price enjoy some manipulation gaps once above the 12.75p, we’d feel hope exists for life beyond the 18p target on the present cycle.

 

As always, there’s another side of the coin. The share price would require to slump below 7p to permit a raised eyebrow (Angus Deayton?) as this could easily drive the price down to 4.5p initially with secondary, if broken, at 1.75p. To judge by the feel of price moves, this seems an unlikely proposition.

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

9:28:47PM

BRENT

79.81

Shambles

9:30:45PM

GOLD

1222.85

1220

1218

1214

1225

1230

1232.43

1236.51

1221

9:33:50PM

FTSE

7042.73

‘cess

9:36:05PM

FRANCE

5064.5

Shambles

9:38:44PM

GERMANY

11526

‘cess

9:40:51PM

US500

2753.82

9:44:56PM

DOW

25309.7

Shambles

9:47:32PM

NASDAQ

7141.75

7040

7015.5

6902

7224

7231

7262.5

7337

7120

9:50:25PM

JAPAN

22465

 

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