Getting high with MGC Pharma?

#Dax_Futures #Nasdaq A constant in USA produced films and TV series deals with corruption in “big pharma”, entire corporations dedicated apparently to keeping people addicted to their drugs, the price of which is constantly increased. For a short while, something new was available, a product called CBD Oil which was derived from part of the cannabis plant. While offering absolutely no psychotropic effect, CBD Oil proved amazing for many people, not least when alleviating the nastier side effects of chemotherapy.

In the UK, enterprising souls started importing the oil, selling it via eBay & Amazon until, of course, the UK Government stepped in. A few retailers still attempt to sell products called CBD Oil but as they’re derived from the hemp plant, there is absolutely no medicinal benefit. The UK Govt reasoning was allegedly due to ‘health reasons’, an argument which foundered slightly when it was revealed the then Prime Minister (Mrs May) had a husband who was investing in cannabis farms for the long term. The suspicion the UK ban was simply enacted to give pharma suppliers a chance to both catch up and monopolise the new product now appears justified, MGC Pharma being a new listing on the London exchange and similar to “Cellular Goods”, offering cannabis derived medications as UK regulations are relaxed to enable supply once again.

While this all may read as a bit “conspiracy theory”, personal experience with CBD Oil some years ago ensured a high degree of annoyance at it not being legally available, when enduring chemotherapy during 2019 & 2020.

A new listing to London, MGC are already listed on the Australian exchange, showing a relatively stable history for the last few years. Their website delineates some global ambitions and there’s little doubt the listing in London has provoked some interest in the share price future. Currently trading around 3.6p, the share price need only better 4.9p to tick a pretty major box in a tier of calculations which allows price movement to an initial 7.4p. If exceeded, our secondary longer term calculation works out at 10.5p. Surprisingly, we not if similar logic is applied to their Australian listing, this permits a high at 0.21 Au Dollars.

At present, we cannot comfortably calculate beyond either secondary level and believe we shall require to revisit the company, should such targets make an appearance.

 

As always, there’s a risk of a downside. Currently, it looks possible weakness below 3.4p risks driving the price back to 2.6p. We cannot calculate anything below such a level and would expect a rebound, if such a number ever appears.

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FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:12:25PM BRENT 66.09 Success
10:16:25PM GOLD 1736.58
10:18:22PM FTSE 6929 Success
10:20:10PM FRANCE 6195.7
10:22:06PM GERMANY 15185 15165 15134.5 15080 15222 15233 15250.5 15279 15188
10:30:26PM US500 4129.92 ‘cess
10:33:51PM DOW 33780 Success
10:37:01PM NASDAQ 13835 13788 13770 13681 13934 14037 14081.5 14181 13781 Success
10:39:32PM JAPAN 29616
14/04/2021 FTSE Closed at 6939 points. Change of 0.71%. Total value traded through LSE was: £ 4,751,574,999 a change of -6.5%
13/04/2021 FTSE Closed at 6890 points. Change of 0.01%. Total value traded through LSE was: £ 5,082,010,354 a change of 5.4%
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 -100%. Total value traded through LSE was: £ 5,718,153,456 a change of 0%
6/04/2021 FTSE Closed at 6823 points. Change of 0%. Total value traded through LSE was: £ 6,227,431,623 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:AFC AFC Energy** **LSE:BBY BALFOUR BEATTY** **LSE:BP. BP PLC** **LSE:EXPN Experian** **LSE:FOXT Foxtons** **LSE:GLEN Glencore Xstra** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:OXIG Oxford Instruments** **LSE:SBRY Sainsbury** **

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Updated charts published on : AFC Energy, BALFOUR BEATTY, BP PLC, Experian, Foxtons, Glencore Xstra, Intercontinental Hotels Group, International Personal Finance, Oxford Instruments, Sainsbury,

LSE:AFCLSE:AFC AFC Energy. Close Mid-Price: 66.5 Percentage Change: + 5.56% Day High: 68.9 Day Low: 61

Currently this needs trade below 53 to induce panic, allowing reversals to ……..

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LSE:BBYLSE:BBY BALFOUR BEATTY. Close Mid-Price: 310.4 Percentage Change: + 1.24% Day High: 313.4 Day Low: 305.4

Further movement against BALFOUR BEATTY ABOVE 313.4 should improve accele ……..

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LSE:BP.LSE:BP. BP PLC. Close Mid-Price: 308.35 Percentage Change: + 3.39% Day High: 308.7 Day Low: 296.55

There appears a reasonable chance something is actually happening here as ……..

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LSE:EXPN Experian Close Mid-Price: 2638 Percentage Change: -0.30% Day High: 2677 Day Low: 2632

All Experian needs are mid-price trades ABOVE 2677 to improve acceleratio ……..

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LSE:FOXT Foxtons Close Mid-Price: 65 Percentage Change: -2.99% Day High: 68.9 Day Low: 64.3

In the event of Foxtons enjoying further trades beyond 68.9, the share sh ……..

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LSE:GLENLSE:GLEN Glencore Xstra. Close Mid-Price: 302.5 Percentage Change: + 5.44% Day High: 302.3 Day Low: 289.4

All Glencore Xstra needs are mid-price trades ABOVE 302.3 to improve acce ……..

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LSE:IHGLSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5250 Percentage Change: + 2.78% Day High: 5282 Day Low: 5090

Continued trades against IHG with a mid-price ABOVE 5282 should improve t ……..

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LSE:IPF International Personal Finance Close Mid-Price: 123.2 Percentage Change: -0.48% Day High: 123.6 Day Low: 119.4

All International Personal Finance needs are mid-price trades ABOVE 123.6 ……..

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LSE:OXIGLSE:OXIG Oxford Instruments. Close Mid-Price: 2200 Percentage Change: + 1.15% Day High: 2240 Day Low: 2160

In the event of Oxford Instruments enjoying further trades beyond 2240, t ……..

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LSE:SBRY Sainsbury Close Mid-Price: 240.8 Percentage Change: -0.82% Day High: 243 Day Low: 238.4

Even above 247 should now prove useful, allowing price recovery to an init ……..

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*** End of “Updated Today” comments on shares.

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