Eurasia Mining for 28/10/2019

#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.

FUTURES

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

25/10/2019 FTSE Closed at 7324 points. Change of -0.05%. Total value traded through LSE was: £ 4,489,255,680 a change of -20.08%

24/10/2019 FTSE Closed at 7328 points. Change of 0.94%. Total value traded through LSE was: £ 5,617,068,603 a change of -3.47%

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%

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