Trends and Targets for 6/12/2018

#Eqtec #Brent #Gold Regardless of whether it’s the AIM, the FTSE 250 or the FTSE 100, the UK stock market can be a funny old place. So funny, the same jokes are often repeated and traders just love falling around laughing. Or at least, having hysterics…

 

With Eqtec, the share price is shaping up for a funny one liner. As the chart shows, the share price has been slavishly following the downtrend since 2017. While a whole bunch of traders are carefully watching this line, perhaps already having bought into the dream in anticipation of a trend break, the market will often enjoy a bit of a giggle at their expense by plunging the price prior to any trend break.

In the case of Eqtec, we should not be aghast if movement anytime soon below 0.7 leads the price down to 0.45 before any sort of bounce. There are some pretty horrible dangers, should 0.45 break, as we can no longer calculate a bottom.

Often, we eschew analysis on shares where the price is under 1p but this lot are interesting. Despite a couple of lags in trading over the years, the price had a logical “ultimate” bottom at 0.25p. It appears the share hit this level a few months ago, leading to hope for the future.

At present, we’d demand the price better 1p to suggest some coming recovery to an initial 1.45p. While quite useful, above 1.45p allows continued acceleration to 2.25p and beyond at nearly 4p.

For now, it’s probably worth keeping an eye on, just in case the market decides to have fun!

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:54:31PM	BRENT	61.72	60.77	60.28	59.26	62.63	62.68	63.425	65.33	61.28	‘cess
9:56:18PM	GOLD	1237.41	1233	1230	1226	1239	1239	1242	1245	1235
10:00:06PM	FTSE	6915.73
10:01:43PM	FRANCE	4940.4
10:04:02PM	GERMANY	11194
10:08:55PM	US500	2716.57
10:12:02PM	DOW	25142
10:13:19PM	NASDAQ	6844.25
10:18:31PM	JAPAN	21863

5/12/2018 FTSE Closed at 6921 points. Change of -1.44%. Total value traded through LSE was: £ 6,966,600,933 a change of -11.83%

4/12/2018 FTSE Closed at 7022 points. Change of -0.57%. Total value traded through LSE was: £ 7,901,119,671 a change of 9.83%

3/12/2018 FTSE Closed at 7062 points. Change of 1.17%. Total value traded through LSE was: £ 7,194,186,755 a change of -22.49%

30/11/2018 FTSE Closed at 6980 points. Change of -0.82%. Total value traded through LSE was: £ 9,281,193,872 a change of 48.56%

29/11/2018 FTSE Closed at 7038 points. Change of 0.49%. Total value traded through LSE was: £ 6,247,553,227 a change of -6.66%

28/11/2018 FTSE Closed at 7004 points. Change of -0.17%. Total value traded through LSE was: £ 6,693,191,726 a change of 0.55%

27/11/2018 FTSE Closed at 7016 points. Change of -0.28%. Total value traded through LSE was: £ 6,656,422,147 a change of 7.11%