Qinetic for 30/07/2019

#GOLD #FRANCE If we accept US market experience under Mr Trump as gospel, it appears a look at UK Defence industries may be justified. For this reason, we took a hard look at #Qinetic as their performance over the last 18 months has already been “interesting”.

The immediate situation is fairly straightforward. Price movement now exceeding 307p should prove capable of targeting an initial 319p. Surprisingly, we note we already have three seperate criteria demanding movement to the 319p. Visually, it also makes sense despite the strong potential of a Glass Ceiling forming at such a level. Only with closure above 319p does our secondary calculation at 335p start to make sense, along with a new all time high.

Qinetic share price requires break below 267p to spoil the party, this tending nudge the price in the direction of 214p initially. If broken, secondary is at 187p.

For now, we’d be fairly comfortable with the suggestion 319 intends make a guest appearance fairly soon. As for the longer term, should the company follow the example of several US contractors, apparently we are supposed to believe the really longer term attraction comes from 365p.

 

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:20:19PM

BRENT

63.72

               

10:25:26PM

GOLD

1427.34

1414

1408

1401

1425

1428

1432

1439

1418

‘cess

10:27:39PM

FTSE

7694.28

               

Success

10:29:26PM

FRANCE

5606

5580

5565

5545

5616

5625

5641.5

5673

5578

‘cess

10:30:54PM

GERMANY

12435.53

               

‘cess

10:33:27PM

US500

3022.07

               

10:35:36PM

DOW

27233

               

10:53:28PM

NASDAQ

7992

               

‘cess

10:55:49PM

JAPAN

21636

               

‘cess

 

29/07/2019 FTSE Closed at 7686 points. Change of 1.81%. Total value traded through LSE was: £ 5,698,235,425 a change of -1.48%

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