Sirius Minerals for 1/08/2019

#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.

FUTURES

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

31/07/2019 FTSE Closed at 7586 points. Change of -0.78%. Total value traded through LSE was: £ 7,192,499,053 a change of 21.96%

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