#Brent #DAX Eurasia, an open cast miner operating in the Urals, has been making some interesting share price movements recently. While there’s absolutely nothing indicating a return to the glory days, some fairly interesting potentials show for the near to mid term future. Visually, it appears the 2p level shall prove fairly key to indicate any level of realistic recovery.
At present, the share price is regarded as heading to 1.52p. In the event of it trading above such a level, continued growth to 1.94 calculates as very possible. On the chart, we’ve painted a purple line which dates back to 2008. The share price has made repeated attempts at the 2p level and now, only with closure at (or above) 1.94p shall we dare express confidence in the direction of 2.5p.
There’s something quite off about the 2.5p mark. Unusually, we can calculate the potential of a 3rd level target up at 3.5p. Just a glance at historical movements highlights a further glass ceiling awaits at the 3.5p mark. We sometimes speculate these points of hesitation are caused, simply due to a share price meeting a level it used to trade at and a bunch of folk dumping their holding, just to get some money back, the dreaded “Bail At Break Even” crowd.
If it’s all going to go wrong, the price requires to weaken below 0.8p to justify a panic. Such a trigger could easily witness a return down to 0.3p.
For now, we’re a little optimistic.
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
6:42:07PM |
BRENT |
61.76 |
59.2 |
58.35 |
54.3 |
61 |
61.88 |
62.08 |
63.46 |
60.4 |
‘cess |
6:47:37PM |
GOLD |
1504.99 |
‘cess | ||||||||
6:51:42PM |
FTSE |
7326.96 | |||||||||
6:54:28PM |
FRANCE |
5721.5 |
Success | ||||||||
6:59:18PM |
GERMANY |
12898 |
12789 |
12744 |
12689 |
12899 |
12900 |
12922 |
12953 |
12857 | |
7:02:02PM |
US500 |
3021.67 |
‘cess | ||||||||
7:05:09PM |
DOW |
26859 |
Success | ||||||||
7:07:59PM |
NASDAQ |
8032.87 |
‘cess | ||||||||
7:12:44PM |
JAPAN |
22816 |
Shambles |