#Gold #Nasdaq We’ve long been devotees of ‘fuel cell technology’, firmly adhering to the belief the current fad for rechargeable vehicles shall prove an error until such time battery wizardry catches up with real world demands. The recent boast by Range Rover, promoting their coming all electric offering, brought a fairly major question mark. How far will it pull a horse box on a single charge? This is one of the issues electric vehicles will face, an issue which cannot yet be resolved as towing a weight completely stuffs the potential driving distance.
Fuel Cell technology, on the other hand, allows the drive train to be electric, just needing to snort some hydrogen or even natural gas from the mains to once again produce copious levels of electricity. Rather amusingly, Ceres boast efficiency levels of up to 90%, if their system is used for heating water. Immediately, a mental picture of a return to steam trains emerged, the water condensed by fuel cell rather than coal!
Sooner or later, we suspect a major manufacturer or builder shall adopt this technology as the energy savings are impressive, along with massive reductions to CO2 emissions and other pollutants virtually eliminated. Obviously, such adoption should prove game changing for a company such as Ceres, already enjoying a a 7 fold increase in their share price during the last 12 months.
Of course, our interest in this lots potentials also has a further tantalising starting point. As the chart below shows, back at the initial share launch, the price experienced the usual overhyped trajectory, long term true believers who bought into the frenzy finding themselves trapped for a prolonged period. It’s truly unusual to be able to offer hope to those unfortunates but in the case of Ceres, there are some quite surprising calculations available. Despite the 10:1 share consolidation in 2018, the highs in January this year of above 16 quid fascinated us. We’d calculated a best case scenario of 1440p, the share exhibiting sufficient strength to exceed this level.
Presently trading around 1220p, the price now needs exceed 1290 to trigger initial growth to 1508p with secondary, if exceeded, coming in at 1792p. This secondary is liable to prove a big deal for the longer term, hopefully allowing the share price to close at a higher high, along with closing above the Blue downtrend since 2008. In such a scenario, we shall require revisit the numbers but amazingly, we can currently mention the Big Picture gives a ruling “maximum” target of 4750p. This impressive number makes us understandably nervous but should Ceres start trading above Blue on the chart, strong potentials become possible.
We’d be very nervous if any excuse is found to reverse the price below March’s 960p as it risks triggering a reversal cycle toward 453p. This appears to be a share worthy of some research.
Once again, many thanks to those who clicked on interesting adverts on this page. It’s like being bought a coffee, unexpectedly!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:16:38PM | BRENT | 63.03 | Shambles | ||||||||
| 10:18:33PM | GOLD | 1733 | 1727 | 1720 | 1707 | 1746 | 1747 | 1754 | 1763 | 1733 | |
| 10:24:28PM | FTSE | 6901 | Success | ||||||||
| 10:41:05PM | FRANCE | 6171 | |||||||||
| 10:42:48PM | GERMANY | 15239 | |||||||||
| 10:44:29PM | US500 | 4129 | |||||||||
| 10:51:04PM | DOW | 33753 | |||||||||
| 10:53:00PM | NASDAQ | 13833 | 13738 | 13724.5 | 13686 | 13804 | 13838 | 13861 | 13902 | 13776 | |
| 10:54:39PM | JAPAN | 29576 |
12/04/2021 FTSE Closed at 6889 points. Change of -0.38%. Total value traded through LSE was: £ 4,821,423,252 a change of -22.92%
9/04/2021 FTSE Closed at 6915 points. Change of -0.39%. Total value traded through LSE was: £ 6,255,086,151 a change of 4.29%
8/04/2021 FTSE Closed at 6942 points. Change of 0.83%. Total value traded through LSE was: £ 5,997,557,402 a change of 4.89%
7/04/2021 FTSE Closed at 6885 points. Change of 0.91%. Total value traded through LSE was: £ 5,718,153,456 a change of -8.18%
6/04/2021 FTSE Closed at 6823 points. Change of 1.28%. Total value traded through LSE was: £ 6,227,431,623 a change of 25.77%
1/04/2021 FTSE Closed at 6737 points. Change of -100%. Total value traded through LSE was: £ 4,951,625,470 a change of 0%
31/03/2021 FTSE Closed at 6713 points. Change of 0%. Total value traded through LSE was: £ 6,810,341,283 a change of 0%
SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.
Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION
Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.
UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.
We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…
Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!
Click Epic to jump to share: LSE:CBX Cellular Goods** **LSE:CNA Centrica** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:LLOY Lloyds Grp.** **LSE:OPG OPG Power Ventures** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:RBD Reabold Resources PLC** **LSE:SPX Spirax** **LSE:TSCO Tesco** **LSE:WTG Watchstone** **
********
Updated charts published on : Cellular Goods, Centrica, IG Group, International Personal Finance, Lloyds Grp., OPG Power Ventures, Oxford Instruments, Primary Health, Reabold Resources PLC, Spirax, Tesco, Watchstone,
LSE:CBX Cellular Goods Close Mid-Price: 9 Percentage Change: -5.16% Day High: 9.62 Day Low: 8.88
In the event Cellular Goods experiences weakness below 8.88 it calculates ……..
</p
View Previous Cellular Goods & Big Picture ***
LSE:CNALSE:CNA Centrica. Close Mid-Price: 58.04 Percentage Change: + 1.08% Day High: 59.18 Day Low: 57.24
Target met. In the event of Centrica enjoying further trades beyond 59.18 ……..
</p
View Previous Centrica & Big Picture ***
LSE:IGGLSE:IGG IG Group. Close Mid-Price: 952.5 Percentage Change: + 0.47% Day High: 959 Day Low: 943.5
Further movement against IG Group ABOVE 959 should improve acceleration t ……..
</p
View Previous IG Group & Big Picture ***
LSE:IPFLSE:IPF International Personal Finance. Close Mid-Price: 119.2 Percentage Change: + 1.53% Day High: 119.6 Day Low: 113.2
Further movement against International Personal Finance ABOVE 119.6 shoul ……..
</p
View Previous International Personal Finance & Big Picture ***
LSE:LLOYLSE:LLOY Lloyds Grp.. Close Mid-Price: 44.39 Percentage Change: + 2.62% Day High: 44.54 Day Low: 43.06
Target met. Further movement against Lloyds Grp. ABOVE 44.54 should impro ……..
</p
View Previous Lloyds Grp. & Big Picture ***
LSE:OPGLSE:OPG OPG Power Ventures. Close Mid-Price: 21.25 Percentage Change: + 3.66% Day High: 21.25 Day Low: 20.5
Target met. Continued trades against OPG with a mid-price ABOVE 21.25 sho ……..
</p
View Previous OPG Power Ventures & Big Picture ***
LSE:OXIGLSE:OXIG Oxford Instruments. Close Mid-Price: 2150 Percentage Change: + 0.23% Day High: 2210 Day Low: 2105
Further movement against Oxford Instruments ABOVE 2210 should improve acc ……..
</p
View Previous Oxford Instruments & Big Picture ***
LSE:PHP Primary Health Close Mid-Price: 148 Percentage Change: -1.14% Day High: 150.1 Day Low: 147.8
It’s frustrating when a share pretends to be vibrant, yet does nothing! PH ……..
</p
View Previous Primary Health & Big Picture ***
LSE:RBDLSE:RBD Reabold Resources PLC. Close Mid-Price: 0.83 Percentage Change: + 4.40% Day High: 0.86 Day Low: 0.8
Target met. Continued trades against RBD with a mid-price ABOVE 0.86 shou ……..
</p
View Previous Reabold Resources PLC & Big Picture ***
LSE:SPX Spirax Close Mid-Price: 12020 Percentage Change: -1.80% Day High: 12335 Day Low: 12075
Further movement against Spirax ABOVE 12335 should improve acceleration t ……..
</p
View Previous Spirax & Big Picture ***
LSE:TSCO Tesco Close Mid-Price: 232 Percentage Change: -1.02% Day High: 235.1 Day Low: 231.4
This is remaining a bit boring but now shows a slightly interesting potent ……..
</p
View Previous Tesco & Big Picture ***
LSE:WTG Watchstone Close Mid-Price: 56.5 Percentage Change: -3.42% Day High: 57 Day Low: 56
Getting a little squirrely, below 56 suggests coming weakness to an initia ……..
</p
View Previous Watchstone & Big Picture ***
*** End of “Updated Today” comments on shares.