Faron Pharma. for 6/11/2019

#BRENT #NASDAQ When we last reviewed Faron, we promoted a scenario for a 25% rise (link). The move successfully happened in May and in the period since, it has more than doubled! Thankfully someone emailed to remind us this was urgently due a Big Picture update.

This one is extremely difficult to map thanks to a bunch of quite separate calculations. When we now refresh our numbers, the share price has quite several distinct formula, all pointing at a high of 276p. The other day, it bettered this level, achieving 277.5p. It has created the situation where we should anticipate price movement now exceeding 258p to provoke yet another surge, this time in the direction of 319p.

Above 319p and things get a bit vague but we can calculate a high of 392p and no further. Unless, of course, if goes higher and in which case, we shall need review the tea leaves again!

The price certainly received an absolute hammering, once it hit the 277 level. Reversing to 150p within the same session really was not fair and now, has created the situation where weakness below 180p threatens reversal to 130p initially. If broken, secondary calculates at 81p. We’re not convinced it is on the edge of doom, instead suspecting whatever drove the amazing rise has seen some sanity enter the conversation.

Regardless, by any standards, we’re fairly optimistic for this lots longer term future and dreading, once again, how to handle things if it indeed approaches the 4 quid level.

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

9:46:29PM

BRENT

62.77

61.86

61.47

60.95

62.78

62.97

63.13

63.59

62.47

‘cess

9:49:39PM

GOLD

1484.27

               

Success

9:51:27PM

FTSE

7380.55

               

9:54:06PM

FRANCE

5847.9

               

Success

9:55:40PM

GERMANY

13149

               

10:02:42PM

US500

3074.42

               

10:16:58PM

DOW

27491.5

               

10:19:23PM

NASDAQ

8206.94

8186

8167

8141

8237

8228

8239.5

8351

8188

‘cess

10:22:36PM

JAPAN

23335

               

Success

 

5/11/2019 FTSE Closed at 7388 points. Change of 0.26%. Total value traded through LSE was: £ 6,164,114,046 a change of 25.79%

4/11/2019 FTSE Closed at 7369 points. Change of 0.92%. Total value traded through LSE was: £ 4,900,286,853 a change of -8.27%

1/11/2019 FTSE Closed at 7302 points. Change of 0.75%. Total value traded through LSE was: £ 5,342,127,869 a change of -12.99%

31/10/2019 FTSE Closed at 7248 points. Change of -1.12%. Total value traded through LSE was: £ 6,139,753,782 a change of 11.95%

30/10/2019 FTSE Closed at 7330 points. Change of 0.33%. Total value traded through LSE was: £ 5,484,235,986 a change of 6.15%

29/10/2019 FTSE Closed at 7306 points. Change of -0.34%. Total value traded through LSE was: £ 5,166,736,018 a change of 9.98%

28/10/2019 FTSE Closed at 7331 points. Change of 0.1%. Total value traded through LSE was: £ 4,697,887,789 a change of 4.65%

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