Bushveld Minerals for 24/10/2019

#France #Nasdaq Our review against this mob (link) a year ago proved pretty accurate, if somewhat painful for shareholders. Thankfully, the current situation is giving slight hope for the future. For visual reasons, the market has poured a glass floor against the price at the 19p level and the current bounce appears interesting.

Continued recovery above 29p calculates with an initial ambition of 33p. If exceeded, ideally with the share closing above 33p, our secondary comes along at a longer term 39p. Achieving 39p will be interesting as visually, yet another glass ceiling awaits, one almost certain able to slow down any rise. Despite being able to calculate beyond the 39p level, we have considerable doubts due to a new all time high appearing possible. Perhaps the company shall discover a goose involved in the production of golden eggs?

If there’s going to be trouble, the price would need dig below 19p as travel down to an initial 13.5p looks painfully possible. If broken, our secondary calculates at a “bottom” of 1.9p. This “bottom” is simply the level below which we cannot calculate.

For now, we’re fairly optimistic for this mobs future as it’s looking like an attempt at 33p is on the cards. In technical terms, it’s “fingers crossed” time.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:54:51PM	BRENT	60.85									Success
9:56:49PM	GOLD	1492.03									Success
9:59:38PM	FTSE	7261.63									‘cess
10:01:58PM	FRANCE	5657.2	5618	5587.5	5538	5654	5662	5673.5	5694	5630
10:04:24PM	GERMANY	12823.4									‘cess
10:06:16PM	US500	3006.77									Shambles
10:12:32PM	DOW	26844.3									Success
10:14:42PM	NASDAQ	7910	7800	7751.5	7675	7863	7910	7938	7984	7854	‘cess
10:16:36PM	JAPAN	22791

 

 

23/10/2019 FTSE Closed at 7260 points. Change of 0.67%. Total value traded through LSE was: £ 5,818,863,244 a change of 3.71%

22/10/2019 FTSE Closed at 7212 points. Change of 0.68%. Total value traded through LSE was: £ 5,610,839,707 a change of -3.73%

21/10/2019 FTSE Closed at 7163 points. Change of 0.18%. Total value traded through LSE was: £ 5,828,185,910 a change of -4.14%

18/10/2019 FTSE Closed at 7150 points. Change of -0.45%. Total value traded through LSE was: £ 6,079,930,950 a change of -11.12%

17/10/2019 FTSE Closed at 7182 points. Change of 0.21%. Total value traded through LSE was: £ 6,840,362,941 a change of -0.43%

16/10/2019 FTSE Closed at 7167 points. Change of -0.61%. Total value traded through LSE was: £ 6,869,588,006 a change of -8.47%

15/10/2019 FTSE Closed at 7211 points. Change of -0.03%. Total value traded through LSE was: £ 7,505,649,682 a change of 32.93%