#Nasdaq #Gold Back in June, Sirius finally hit our 13p drop target, something (link here) we’d been moaning about since February! Crucially, it did not really break target (it hit 12.98) and exhibited a half decent bounce. But price moves are proving reminiscent of AIM shares whose price sees controlled by chatroom gossip.
It starts to appear the 17p level shall prove crucial anytime soon for Sirius. In the event the share price manages trade above such a level, recovery to an initial 19.70p calculates as comfortably possible. Our secondary, if such a level bettered, computes at 25.7p and we suspect a rise will falter around such a level. Surprisingly, future recovery beyond this point looks like growth in 10p increments, something which we simply do not understand.
Otherwise, the problem level of 13p remains an issue until such time Sirius manages close a session above 18p. We’d be inclined to take this as a pretty solid movement into safety, even though the price has not exceeded BLUE on the chart.
Below 13p and it still looks like Sirius shall eventually bottom at 4p.
|
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
|
10:32:18PM |
BRENT |
64.29 | |||||||||
|
10:34:23PM |
GOLD |
1414.67 |
1410.5 |
1405 |
1395.34 |
1428 |
1434 |
1441.29 |
1451 |
1414 |
Success |
|
10:36:15PM |
FTSE |
7571.34 |
Success | ||||||||
|
10:38:30PM |
FRANCE |
5506.5 |
‘cess | ||||||||
|
10:41:50PM |
GERMANY |
12128 |
‘cess | ||||||||
|
10:47:25PM |
US500 |
2973.42 |
Success | ||||||||
|
10:51:32PM |
DOW |
26826 |
Shambles | ||||||||
|
10:53:54PM |
NASDAQ |
7828.99 |
7769 |
7734 |
7634 |
7908 |
7908 |
7959.5 |
8023 |
7821 |
Success |
|
10:57:26PM |
JAPAN |
21338 |
Success |