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!

 

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

10:04:11PM

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%

 

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