#Gold #DAX When we last reviewed Versarien in September, we gave some fairly straightforward criteria for the end of the world. Alas, three weeks following our report, the share triggered a reversal cycle and the rest, as they say, is history. Despite the share meeting our drop target of 54p, it also broke below and thus now has some risky potentials.
With a low of 46p, we have some hope for a bounce before it hits 39p. Whether any bounce proves sustainable is open to question. If the price breaks 39p on a further surge downward, our inclination will be to hope the price bottoms at 21p. Previously, we’d felt “ultimate” bottom would prove to be 21p but unfortunately, the speed of descent has widened the calculation, now giving 13p as “ultimate”, a point which we cannot calculate below.
There’s a bit of a fly in the ointment with all this misery!
Perhaps the low of 46p shall be deemed sufficiently close to 39p to provoke a rebound. If this is indeed the case, the implication is of strength above 55p apparently being capable of an initial 62p. If exceeded, our secondary calculates at 72p, hopefully placing the share in position for some miracles in the longer term.
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
9:58:02PM |
BRENT |
53.47 |
Success | ||||||||
9:59:53PM |
GOLD |
1572.43 |
1567 |
1564.5 |
1560 |
1575 |
1578 |
1580 |
1591 |
1570 |
‘cess |
10:01:33PM |
FTSE |
7469.37 |
‘cess | ||||||||
10:06:18PM |
FRANCE |
6031.5 | |||||||||
10:17:06PM |
GERMANY |
13538 |
13426 |
13392 |
13340 |
13503 |
13550 |
13603 |
13663 |
13463 | |
10:19:20PM |
US500 |
3353.77 |
Shambles | ||||||||
10:22:16PM |
DOW |
29289.5 |
Shambles | ||||||||
10:24:04PM |
NASDAQ |
9519.62 | |||||||||
10:26:25PM |
JAPAN |
23697 |
‘cess |