Trends and Targets for 6/02/2019

Angus Energy #CAC40 #SP500 Despite #Angus Energy being in a pretty vile position, it’s share price drop represents something we prefer witness as our last prediction (link here) mentioned a drop target of 4.5p. The lowest achieved (thus far) has been 5.25p and the route taken may prove quite important.

If we contrast the above picture against what happened with our thoughts on Ryanair yesterday (link here), Angus actually achieved a rise to our initial 16p, even bettering it slightly despite NOT closing above the 16p level.  The subliminal implication is of some strength being present. Next, unfortunately the share opted to fall off a cliff, but bounced – very slightly – on its first surge at 5.25p, comfortably above our thoughts of 4.5p. Again, there is a subtle suggestion of strength being present.

 

Now, we’re going to be fascinated in what comes next. To give a first clue bottom is “in”, we need the share price to better just 6p as this theoretically allows recovery to an utterly useless 6.5p. But to us, if the price were somehow to better 6.5p, we’d be justified in mentioning a return to 7p is expected. Only if the price closes a session above 7p can we proposed a future 9.8p as a viable ambition, returning the share above its immediate uptrend and giving considerable hope for the longer term.

 

In summary, for now we’ve some slight optimism. And would caution below 5.25p as a trip to 4.5p becomes inevitable. Secondary, if broken, calculates at a pretty devastating 1.75p.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:52:09PM	BRENT	62.04
9:54:24PM	GOLD	1315.17									‘cess
10:01:03PM	FTSE	7170.96									Success
10:10:28PM	FRANCE	5074.7	5039	5027	5008	5080	5085	5104	5136	4997	Success
10:21:18PM	GERMANY	11361									Success
10:23:27PM	US500	2732	2719	2715	2707	2735	2739	2744	2747	2719
10:26:54PM	DOW	25376									Success
10:29:08PM	NASDAQ	7009.92									Success
10:31:22PM	JAPAN	20931

5/02/2019 FTSE Closed at 7177 points. Change of 2.03%. Total value traded through LSE was: £ 6,116,448,992 a change of 11.84%