Trends and Targets for 1/11/2018

Rockhopper #DAX #NK225 and 0.6p share targets! If one were to search for an example of things you do not want a share price to do, #Rockhopper manages to fit the bill quite nicely. It even managed a “Gap Up Gap Down (GaGa) at the start of October, generally signalling a rough patch ahead.

The immediate situation appears pretty foul with movement below 29p apparently being capable of triggering reversals to an initial 22p. This is where it gets seriously dangerous as the price breaks the uptrend since 2017 which currently resides around the 27p level (RED). Below 22p and further relaxation toward 11p looks painfully possible but worse, below 22p and the share exhibits a big picture threat of an eventual bottom at just 0.6p.

At time of writing, the share is trading around the 30p mark with the 29p level appearing fairly inviolate. We can hope. However, the price now requires grow above BLUE (37p at present) to suggest some recovery toward 41p is expected, along with a fairly obvious stutter given prior highs at this level. Our longer term secondary, if 41p bettered, is at 50p though with positive news, it could accelerate to 61p pretty fast.

For now, we suspect the eventual temptation shall be for an attempt at 22p, then hopefully a serious bounce.

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

9:25:27PM

BRENT

74.63

‘cess

9:27:24PM

GOLD

1215.34

‘cess

9:30:16PM

FTSE

7109.72

‘cess

9:32:11PM

FRANCE

5072.7

Success

9:34:15PM

GERMANY

11429.96

11390

11356.5

11314

11480

11484

11549.5

11664

11390

‘cess

9:35:53PM

US500

2705.52

‘cess

9:37:43PM

DOW

25086

Success

9:40:04PM

NASDAQ

6951.92

6933

6897.5

6818

7026

7033

7067

7138

6945

Success

 

31/10/2018 FTSE Closed at 7128 points. Change of 1.32%. Total value traded through LSE was: £ 9,003,178,238 a change of 33.39%
30/10/2018 FTSE Closed at 7035 points. Change of 0.13%. Total value traded through LSE was: £ 6,749,504,643 a change of -3.13%
29/10/2018 FTSE Closed at 7026 points. Change of 1.25%. Total value traded through LSE was: £ 6,967,500,678 a change of 19.11%
26/10/2018 FTSE Closed at 6939 points. Change of -0.93%. Total value traded through LSE was: £ 5,849,417,776 a change of -20.24%
25/10/2018 FTSE Closed at 7004 points. Change of 0.6%. Total value traded through LSE was: £ 7,333,860,753 a change of 6.42%
24/10/2018 FTSE Closed at 6962 points. Change of 0.1%. Total value traded through LSE was: £ 6,891,267,887 a change of -25.51%
23/10/2018 FTSE Closed at 6955 points. Change of -1.24%. Total value traded through LSE was: £ 9,250,752,256 a change of 48.14%

 

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