#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.
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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