#DAX_Futures #SP500_Futures While we enjoy Caribbean skies here in Argyll (but with Arctic temperatures) our thoughts turned to Bahamas Petroleum, a company who operate in some of the most desirable holiday destinations with a range of offshore exploration, appraisal, development and production assets and licences. They even operate on the land in Trinidad. Their share price has behaved badly over the last 5 years, now trading in a zone where we cannot calculate a bottom.
The important thing is, the share remains trading and perhaps the current upward volatility in the price of crude shall finally extend some grace to Bahama’s price movements. The share price has been trading at a pretty accurate bottom level just above 0.4p since February. While there has not been a convincing bounce, we are impressed at the effort employed to keep the share trading above 0.4p, hopefully an attempt to avoid creating an ‘Elvis has left the Building’ moment.
All we ask is for the price to almost double from current (0.525) as this should justify close attention, thanks to some strong acceleration potentials. Above 0.91p should prove capable of triggering recovery to an initial 1.37 with secondary, if exceeded, at 2.31p. At this level, things certainly have the opportunity to become exciting as arithmetically, the shares highs of 10 years ago could easily provoke strong growth, especially if price acceleration occurs due to positive news flow from the company. We’ve shown the various target levels on the chart, absolutely none of which appear viable currently but with closure above 0.91p, this ‘risks’ entering a cycle with 14p as an attractive eventual point of interest.
Obviously, we’re biased as we love the Bahama’s or indeed, anywhere warmer than Scotland at present.
***Once again, sincere thanks to the folk finding the adverts on this page fascinating. On Wednesday, enjoyed a free latte!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 8:58:10PM | BRENT | 64.58 | ‘cess | ||||||||
| 9:00:27PM | GOLD | 1795 | Success | ||||||||
| 9:03:26PM | FTSE | 6931 | Shambles | ||||||||
| 9:55:43PM | FRANCE | 6237 | Success | ||||||||
| 10:02:48PM | GERMANY | 15234 | 15163 | 15130 | 15002 | 15264 | 15255 | 15280.5 | 15350 | 15211 | Shambles |
| 10:04:51PM | US500 | 4163.52 | 4119 | 4094.5 | 4068 | 4140 | 4175 | 4181 | 4195 | 4154 | Success |
| 10:07:20PM | DOW | 34091 | ‘cess | ||||||||
| 10:16:05PM | NASDAQ | 13905 | Shambles | ||||||||
| 10:19:38PM | JAPAN | 28849 | Success |
21/04/2021 FTSE Closed at 6895 points. Change of 0.52%. Total value traded through LSE was: £ 5,055,857,470 a change of -18.68%
20/04/2021 FTSE Closed at 6859 points. Change of -2.01%. Total value traded through LSE was: £ 6,216,900,407 a change of 19.04%
19/04/2021 FTSE Closed at 7000 points. Change of -0.27%. Total value traded through LSE was: £ 5,222,332,197 a change of -24.15%
16/04/2021 FTSE Closed at 7019 points. Change of 0.52%. Total value traded through LSE was: £ 6,885,119,827 a change of 21.21%
15/04/2021 FTSE Closed at 6983 points. Change of 0.63%. Total value traded through LSE was: £ 5,680,355,568 a change of 19.55%
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%
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:DGE Diageo** **LSE:EZJ EasyJet** **LSE:HSBA HSBC** **LSE:NG. National Glug** **LSE:ODX Omega Diags** **LSE:PMG Parkmead** **LSE:SCLP Scancell** **LSE:VOD Vodafone** **LSE:WTG Watchstone** **LSE:ZOO Zoo Digital** **
********
Updated charts published on : Diageo, EasyJet, HSBC, National Glug, Omega Diags, Parkmead, Scancell, Vodafone, Watchstone, Zoo Digital,
LSE:DGELSE:DGE Diageo. Close Mid-Price: 3228 Percentage Change: + 0.92% Day High: 3252.5 Day Low: 3193.5
All Diageo needs are mid-price trades ABOVE 3252.5 to improve acceleratio ……..
</p
View Previous Diageo & Big Picture ***
LSE:EZJLSE:EZJ EasyJet. Close Mid-Price: 966.2 Percentage Change: + 3.38% Day High: 971 Day Low: 933.4
In theory, optimism should rule here aside from the troubling detail the s ……..
</p
View Previous EasyJet & Big Picture ***
LSE:HSBA HSBC Close Mid-Price: 415.85 Percentage Change: -0.34% Day High: 419.3 Day Low: 413.45
In the event HSBC experiences weakness below 413.45 it calculates with a ……..
</p
View Previous HSBC & Big Picture ***
LSE:NG. National Glug Close Mid-Price: 904.1 Percentage Change: -0.79% Day High: 913.8 Day Low: 903.2
In the event of National Glug enjoying further trades beyond 913.8, the s ……..
</p
View Previous National Glug & Big Picture ***
LSE:ODX Omega Diags Close Mid-Price: 71 Percentage Change: -2.74% Day High: 74 Day Low: 69
In the event Omega Diags experiences weakness below 69 it calculates with ……..
</p
View Previous Omega Diags & Big Picture ***
LSE:PMGLSE:PMG Parkmead. Close Mid-Price: 44.2 Percentage Change: + 12.33% Day High: 47 Day Low: 41.3
Target met. Further movement against Parkmead ABOVE 47 should improve acc ……..
</p
View Previous Parkmead & Big Picture ***
LSE:SCLPLSE:SCLP Scancell. Close Mid-Price: 22.75 Percentage Change: + 0.00% Day High: 22.75 Day Low: 22.5
This is behaving like a victim of the hiatus effecting many in the UK mark ……..
</p
View Previous Scancell & Big Picture ***
LSE:VODLSE:VOD Vodafone. Close Mid-Price: 132.84 Percentage Change: + 1.03% Day High: 133.42 Day Low: 131.88
This is another member of the jolly pack of shares which should be heading ……..
</p
View Previous Vodafone & Big Picture ***
LSE:WTG Watchstone Close Mid-Price: 52.2 Percentage Change: -3.15% Day High: 54.8 Day Low: 52.2
Continued weakness against WTG taking the price below 52.2 calculates as ……..
</p
View Previous Watchstone & Big Picture ***
LSE:ZOOLSE:ZOO Zoo Digital. Close Mid-Price: 121.5 Percentage Change: + 4.74% Day High: 121.5 Day Low: 117
Continued trades against ZOO with a mid-price ABOVE 121.5 should improve ……..
</p
View Previous Zoo Digital & Big Picture ***