Trends and Targets for 20/11/2018

Bushveld Minerals #Gold #Nasdaq Before we point out how clever we were with #Bushveld, how about the Nasdaq? It’s quite one thing to write on Sunday; “the market (Nasdaq) appearing to be awaiting an excuse for a sharp drop” and find, the next day, it’s down by 3.4%. For a major index, this was quite a calamity!

And on Bushveld, we last covered this back in April, speculating positively for a rise to 25p and beyond. Our upper target was attained, both the next month and also in July. Since then, it has soared to new heights and we didn’t notice it was urgently due an update until a few emails arrived.

At present, trading around 46.75p, the share price has recently achieved some great things, even managing to close above our Big Picture maximum of 47.75p. Of course, these theoretical maximums do not for a minute mean a price can go no higher. Instead, they will often designate an area where some volatility can be expected as a price almost appears to experience a drop to gather energy for further rises. Near term, the share price requires above 50.5p to signal continued growth to 54p. And if above, we again run out of numbers!

Alternately, and more likely, is the scenario of below 45p bringing a trip to 42.5p. If broken, secondary is at 36.25p and hopefully another bounce upward.  The implication of any weakness below 36.25 risks being pretty grim as while the visuals can hope for a bounce from 28.5p, we’d be worried about the proximity of the RED uptrend for 2018. Any moves below this level – presently 24p – risk turning Bushvelds rise into a story of crushed hope for the future.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:49:01PM	BRENT	67.09									‘cess
9:50:36PM	GOLD	1224.21	1217	1215.1	1211.8	1226	1225.16	1226.485	1229.38	1219
9:52:00PM	FTSE	7010.97
9:53:37PM	FRANCE	4975.5
9:55:26PM	GERMANY	11224.98									Shambles
9:57:39PM	US500	2696.17									‘cess
10:00:06PM	DOW	25048.7									‘cess
10:02:31PM	NASDAQ	6665.92	6633	6607.5	6502	6733	6733	6751.5	6770	6710	Success
10:04:40PM	JAPAN	21586									‘cess

19/11/2018 FTSE Closed at 7000 points. Change of -0.19%. Total value traded through LSE was: £ 5,960,855,965 a change of -20.04%

16/11/2018 FTSE Closed at 7013 points. Change of -0.36%. Total value traded through LSE was: £ 7,454,640,386 a change of -16.24%

15/11/2018 FTSE Closed at 7038 points. Change of 0.07%. Total value traded through LSE was: £ 8,900,271,533 a change of 20.4%

14/11/2018 FTSE Closed at 7033 points. Change of -0.26%. Total value traded through LSE was: £ 7,392,389,555 a change of -2.52%

13/11/2018 FTSE Closed at 7051 points. Change of -0.03%. Total value traded through LSE was: £ 7,583,251,643 a change of 56.06%

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%