Trends and Targets for 16/01/2019

Eqtec #Nasdaq #CAC40 We last reviewed this mob (#Eqtec) just over a month ago (link here) and it has started movement with conviction. We’re a little surprised the price wasn’t dipped below 0.7 prior to movement but heck, who’s complaining. The future potentials remain quite interesting.

Near term, there’s still the expectation of any increase above 1.83 reaching an initial 1.96p. This looks like it shall prove quite important for the longer term as despite a glass ceiling awaiting at the 1.96 level thanks to the circled area on the chart, closure above 1.96 should make future travel to 2.75 fairly difficult to avoid. In fact, with positive news flow, it could easily reach 3.75 without too much trouble.

Any plot for movement beyond 3.75 is vague at best, due to a requirement the share price needs close above 3.3p, the high following its 2017 suspension. This is liable to prove difficult unless some miracle RNS is released.

For now, we’re fairly happy and hope the increase is not being driven by “internet chatroom optimism” as this often ends in tears. However, it would require below 1.15p before we’d advocate panic!

 

 

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:04:11PM	BRENT	60.67
10:06:17PM	GOLD	1289.74									‘cess
10:09:29PM	FTSE	6874.96									‘cess
10:11:55PM	FRANCE	4793	4754	4725.5	4687	4788	4818	4829.75	4844	4764	‘cess
10:15:51PM	GERMANY	10894.14									Success
10:22:43PM	US500	2606.02									Success
10:34:26PM	DOW	24023.1									Success
10:37:23PM	NASDAQ	6669.87	6618	6599.5	6573	6658	6675	6685	6982	6571	Success
10:39:31PM	JAPAN	20545									Success

 

 

15/01/2019 FTSE Closed at 6895 points. Change of 0.58%. Total value traded through LSE was: £ 5,537,022,075 a change of 5.74%

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%