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.

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

9:49:01PM

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%

 

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