#Gold #Japan For some reason, we received several emails regarding this company and their future share price prospects. Initially, slightly aghast at the very boring reason for their existence (produce systems to monitor rotating shafts!), the picture on their website of a windfarm reminded there’s more than one type of rotating shaft. Amazingly, it’s possible to relate a quite exciting rotating shaft story from personal experience.
Once upon a time, with dreams of taking a motorcycle racing, a home engineering project saw a 1970’s Triumph Bonneville engine transformed into a machine capable of delivering great things. Meticulous care was taken in the modifications, the crankshaft carefully balanced by a company famed for their jet turbine engines. Long story short, it was fast by any standards and the finished bike was within weeks of being loaded in a van for a pilgrimage to “The Island” and the TT races.
And this is where it all went wrong. At around 90mph in 2nd gear, the crankshaft decided it’d rather be somewhere else and disintegrated. Parts of the engine even pierced the petrol tank, a proper blow up. So yes, there is a good reason for LSE:RMS as sometimes, shafts go wrong. A quick perusal of YouTube reveals plenty of videos of windfarms self destructing, demonstrating a very real need to monitor rotating shafts. Another, painful, personal experience was when a propeller shaft on a motor cruiser vibrated so badly it allowed water (the stuff supposed to be outside the boat) into the hull was expensive consequences. Needless to say, RMS also produce sensor equipment for this scenario too…
The company share price has been all over the place during November, producing a truly confusing picture for the immediate future. At first glance, it appears movement next below 2.45p risks quite a degree of danger, calculating with a reversal potential of 1.15p and hopefully (thanks to the immediate uptrend), a bounce.
The share has spent the last 4 sessions messing around and we’d suspect there’s some sort of hiatus while awaiting news. The price needs exceed 3p (presently 2.55p) to give hope for some strong coming movement. Such a trigger works out with an initial ambition of 4.5p with secondary, if exceeded, a slightly worrying 6.6p. We say ‘slightly worrying’, due to the visual suggestion of the price failing to exceed its prior high. This is rarely a good signal.
Overall, if the market is paused, awaiting an important news release, the highest we can currently calculate is 7.5p. Anything capable of exceeding such a level enters a brave new world for the longer term.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:20:19PM | BRENT | 47.81 | ‘cess | ||||||||
| 10:23:44PM | GOLD | 1807.82 | 1798 | 1794 | 1754 | 1817 | 1829 | 1839.5 | 1853 | 1819 | Success |
| 10:25:48PM | FTSE | 6456 | Success | ||||||||
| 10:35:05PM | FRANCE | 5578.3 | Success | ||||||||
| 10:50:57PM | GERMANY | 13342 | ‘cess | ||||||||
| 10:56:57PM | US500 | 3639 | Success | ||||||||
| 10:58:45PM | DOW | 30092 | Success | ||||||||
| 11:00:26PM | NASDAQ | 12103 | 11874 | 11802 | 11701 | 11980 | 12105 | 12129 | 12237 | 12004 | ‘cess |
| 11:03:02PM | JAPAN | 26461 | Success |