Trends and Targets for 13/11/2018

Faron Pharma #GOLD #NASDAQ In addition to exquisitely illustrating how annoying English pronunciation can be, #Faron share price also displays something which, from our perspective, is fairly noteworthy. Essentially, we hope the share is trading “at bottom” and awaits some news.

For us, the 57p level is now crucial. Since the market saw fit to plunge the price from the 9 quid level down to current at the start of May, it has been trading in a region where logical bottom – from a Big Picture perspective – is now at minus 220p. Obviously, this level is impossible and simply highlights a nuisance side effect of playing with numbers. However, while some considerable hope may be taken from the fact the share is still trading, price movements since May now bring 57p to the table as an important number.

The price cannot afford close below this level. If it does, we cannot calculate bottom, even from a near term perspective, and this would be a bad thing!

Should we take the stance of assuming the share price is now at “bottom”, essentially messing around while awaiting some sort of news, it appears critical the share now trades above 88p to start a cycle to an initial 105p. If bettered, our secondary does exceed the immediate downtrend but unfortunately comes in at 121p.

Visually, this is a similar level to highs experienced since the price massacre. Only with closure beyond 121p will it appear some miracle taking place with quite solid strength of recovery possible.

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

9:29:22PM

BRENT

69.43

‘cess

9:31:50PM

GOLD

1200.71

1200

1197.8

1190.63

1211

1211

1212.53

1217.44

1206

‘cess

9:34:23PM

FTSE

7056.25

Success

9:36:27PM

FRANCE

5057.7

Success

9:40:34PM

GERMANY

11309

Success

9:43:03PM

US500

2729.17

Success

9:46:32PM

DOW

25397

Success

9:51:49PM

NASDAQ

6836.75

6815

6772.5

6622

7001

6950

6983

7038

6830

Success

9:53:48PM

JAPAN

21782

Success

 

12/11/2018 FTSE Closed at 7053 points. Change of -0.73%. Total value traded through LSE was: £ 4,859,080,774 a change of -36.11%
9/11/2018 FTSE Closed at 7105 points. Change of -0.49%. Total value traded through LSE was: £ 7,605,635,099 a change of 21.49%
8/11/2018 FTSE Closed at 7140 points. Change of 0.32%. Total value traded through LSE was: £ 6,260,451,030 a change of -1.49%
7/11/2018 FTSE Closed at 7117 points. Change of 1.09%. Total value traded through LSE was: £ 6,355,130,386 a change of 3.79%
6/11/2018 FTSE Closed at 7040 points. Change of -0.89%. Total value traded through LSE was: £ 6,123,146,129 a change of 22.19%
5/11/2018 FTSE Closed at 7103 points. Change of 0.13%. Total value traded through LSE was: £ 5,011,125,441 a change of -36.56%
2/11/2018 FTSE Closed at 7094 points. Change of -0.28%. Total value traded through LSE was: £ 7,898,425,259 a change of -6.23%

 

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