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.

 

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