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.
|
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%