#Gold #DOW People of a certain age find “hip” naming conventions often quite silly. There was a phase when intruding an “i” at the start of a product name somehow convincing marketing folk this made a product more interesting. Equally, there’s the curse of the ‘#’ hash tag, now often used to disparage, and of course, the much loved ‘@’ symbol. All this nonsense tends imply people employed in the creative side can only think within 4 keys of the r/h/s of a keyboard!
The company, Supply@me appear to be a new listing, appearing on the market in March 2020 at probably the worst time for a Listing on the AIM. Instead of a reasonable gain, prior to the price being trashed, the share failed do anything interesting, then plunged in value. In the last couple of days, we’ve received rather a few emails asking our thoughts against this new listing. Generally we prefer rather more than 4 months of data before expressing any confidence in our findings.
Immediately, the suggestion given is of price growth above 0.9p allowing travel to an initial 1.34p. Should the price manage to close above this level, our secondary calculates at 2.14p. Both target levels represent new all time highs for the company and despite us being unable to calculate above 2.14p, if the company is the subject of enthusiastic comment among internet chatrooms, the share price could obviously continue higher.
If it all intends go wrong, the price presently needs break below Red on the chart, presently 0.5p.
We’d suggest taking a glance at the fundamentals may prove worthwhile. A simple glance at their website threw up one tiny little question:
“Why didn’t they employ a website design company who were capable of ensuring the default “WordPress” logo didn’t appear on internet browser tabs?” WordPress web templates are great, often free, and very popular. We use one ourselves but don’t expect a Listed company to opt for such a basic option and ignore their own corporate logo.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:46:38PM | BRENT | 45.51 | |||||||||
| 10:48:47PM | GOLD | 2002.52 | 1976 | 1962 | 1944 | 1996 | 2019 | 22039 | 2071 | 1997 | ‘cess |
| 10:51:13PM | FTSE | 6080 | Shambles | ||||||||
| 10:55:40PM | FRANCE | 4928.7 | |||||||||
| 10:58:14PM | GERMANY | 12878 | Success | ||||||||
| 11:02:21PM | US500 | 3392 | |||||||||
| 11:04:47PM | DOW | 27791 | 27663 | 27574 | 27429 | 27845 | 28005 | 28168.5 | 28352 | 27814 | |
| 11:06:38PM | NASDAQ | 11410 | |||||||||
| 11:08:50PM | JAPAN | 23046 |