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!

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

9:54:31PM

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%

 

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