Trends and Targets for 15/01/2019

Rockhopper #Gold #SP500 By any standards, #Rockhopper share price appears to be floundering and the historical picture from the chart is vile. The immediate rate of downtrend tends suggest the price requires above 31p before we can risk discussing the big picture bottom potentials.

To cut a long story short, it appears weakness now below 20p shall drive the price down to an initial 15p. If broken, a longer term bottom calculates around 0.6p. Essentially, the price is floundering and now resides in an area where bad news could have quite devastating consequences. We’ve shown the chart without our usual crayon marks, just to highlight movement since 2009.

Essentially, the price was “talked up”, optimism gradually was eroded, and now it’s in a position where a poorly worded RNS risks making a lot of traders very unhappy and walking like penguins.

 

However, even a nod above 31p will tend provide warning of a coming miracle. In theory, this should trigger moves to an initial 36p with secondary, if bettered, a game changing 47p which will provide strong future prospects.

 

For now though, we suspect it shall bottom at 15p, hopefully then given sufficient reason for a proper bounce.

 

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

9:59:31PM

BRENT

59.37

‘cess

10:01:44PM

GOLD

1292.22

1289

1287.2

1284.4

1296

1295.6

1299.4

1303.9

1288

10:04:49PM

FTSE

6862.63

Success

10:06:26PM

FRANCE

4764.7

10:08:21PM

GERMANY

10873.94

‘cess

10:09:59PM

US500

2581.82

2566

2558.5

2545

2590

2589

2594.5

2604

2570

‘cess

10:17:56PM

DOW

23901

10:23:56PM

NASDAQ

6537.96

‘cess

10:25:55PM

JAPAN

20126

Success

14/01/2019 FTSE Closed at 6855 points. Change of -0.91%. Total value traded through LSE was: £ 5,236,485,224 a change of -13.88%
11/01/2019 FTSE Closed at 6918 points. Change of -0.35%. Total value traded through LSE was: £ 6,080,116,324 a change of 13.14%
10/01/2019 FTSE Closed at 6942 points. Change of 0.52%. Total value traded through LSE was: £ 5,373,771,227 a change of -19.02%
9/01/2019 FTSE Closed at 6906 points. Change of 0.66%. Total value traded through LSE was: £ 6,636,218,486 a change of 18.8%
8/01/2019 FTSE Closed at 6861 points. Change of 0.75%. Total value traded through LSE was: £ 5,585,912,492 a change of -7.1%
7/01/2019 FTSE Closed at 6810 points. Change of -0.39%. Total value traded through LSE was: £ 6,012,665,539 a change of 6.74%
4/01/2019 FTSE Closed at 6837 points. Change of -100%. Total value traded through LSE was: £ 5,633,200,704 a change of 0%

 

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