Trends and Targets for 27/11/2018

Anglo African Oil & Gas #GOLD #Nasdaq This is the first time we’ve covered Anglo African. Price movements since 2017 have shown fairly relentless declines but we’re faintly interested in the drop to 5p earlier this month. Hitting such a level was an arithmetically exact scenario, a completely logical bottom.

For us, this is fairly important as while closure below 5p indicates reversals coming to 4.35p, the harsher reality allows for an eventual bottom of 0.45p. Thankfully, it bounced fairly convincingly at the 5p drop target level, almost suggesting the market knew the implications should 5p break.

The situation now is fairly useful, due to movement now above 7.5p suggesting some growth coming to an initial 8.25p, along with very probable hesitation given the prior highs. Only if above the prior high of 8.5p dare we speculate about a future attempt at 10.25p, along with the potential of bettering the long term downtrend.

We suspect this should be worth keeping an eye on due to the potential of some quite strong recovery should it ever make its way above BLUE on the chart.

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

10:14:34PM

BRENT

60.61

10:20:02PM

GOLD

1222.9

1221.5

1218.05

1214.1

1226.5

1228.5

1232

1236

1223

Success

10:22:52PM

FTSE

7022

Success

10:24:53PM

FRANCE

5002.7

Success

10:26:53PM

GERMANY

11335

Success

10:41:52PM

US500

2661.42

Success

10:46:01PM

DOW

24543

Success

10:48:11PM

NASDAQ

6643.37

6539

6488.5

6422

6655

6688

6723

6803

6586

Success

10:50:28PM

JAPAN

21953

Success

 

26/11/2018 FTSE Closed at 7036 points. Change of 1.21%. Total value traded through LSE was: £ 6,214,567,261 a change of 9.15%
23/11/2018 FTSE Closed at 6952 points. Change of -0.11%. Total value traded through LSE was: £ 5,693,802,870 a change of 14.9%
22/11/2018 FTSE Closed at 6960 points. Change of -1.28%. Total value traded through LSE was: £ 4,955,552,267 a change of -31%
21/11/2018 FTSE Closed at 7050 points. Change of 1.48%. Total value traded through LSE was: £ 7,182,086,025 a change of 1.94%
20/11/2018 FTSE Closed at 6947 points. Change of -0.76%. Total value traded through LSE was: £ 7,045,402,648 a change of 18.19%
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%

 

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