Kefi Gold & Copper & Triggers

Kefi Gold & Copper Plc (LSE:KEFI) Since reviewing this minor miner, Kefi, in 2020, their share price successfully achieved our initial target level of 2.5p but has yet to achieve our secondary ambition. If only due to their name change from Kefi Minerals to a focussed Kefi Gold & Copper, a further glance at the tea leaves should be justified, thanks to the share price essentially flatlining thus far in 2021. In fairness, this could even be a reflection on the price of Gold, thanks to the metal price not enjoying a particularly interesting start to 2021 with a fairly placid 200 dollar trading range.

Unfortunately, there’s a pretty convincing logic currently suggesting the price of Gold intends bottom around $1530 once it finds sufficient excuse. The metal requires exceed $1870 just to escape the trend and despite recent improvements in the price of Copper, we doubt these shall prove capable of offsetting a misbehaving Gold price. A glance at Kefi website remains full of optimism for forthcoming results both from Saudi Arabia and Ethiopia.

 

Our normal preference is to establish a “safe” trigger level when examining upward travel potentials but in the case of Kefi, the share price did something silly at the start of April, shown as an inset on the chart. This sort of confusion was interesting as it confirmed the validity of the Blue downtrend. The share surged above the trend, enjoyed a couple of days in the sun, then suddenly the market decided “nope” and on April 14th the price was gapped down below the ruling downtrend. At no time since has the share price been permitted to close a session above this trend, perhaps indicating trades above just 2.14p (the highest achieved since the price was forced down) shall suggest Kefi share price intends to go up with some integrity. Our “safe” trigger level is at 2.5p with a further trigger lurking at 2.97p for those who demand minimal levels of risk.

Visually, we’re inclined to treat 2.5p as the sensible trigger. Achieving a slight movement from current to above 2.14p risks another (very rare) false start.

Above 2.5p should commence movement to an initial 3.4p with secondary, if exceeded, calculating at 4p. The secondary is quite a big deal, placing the share firmly in a zone where positive news flow could easily allow a future 7p to make its presence felt.

When we previously reviewed this, we’d suggested movement below 1p would justify panic. The current situation paints a picture where below 1.4p presents itself as the panic level.

 

In summary, the share price movement highlighted on the chart below should prove interesting, both confirming a trend and confirming the market was not ready to let the price run free. Generally any second attempt upward will enjoy sharp and sudden price jumps. In plain English, it’s ‘fingers crossed’ time.

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Hey, chart goes here

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:22:00PM BRENT 65.23
10:24:03PM GOLD 1781.61 1772 1767 1757 1782 1782 1786 1792 1774
10:26:17PM FTSE 6962.75 ‘cess
10:29:14PM FRANCE 6269 ‘cess
10:37:49PM GERMANY 15288 Shambles
10:40:12PM US500 4189.37 4171 4164.5 4155 4185 4193 4206 4234 4173
10:42:58PM DOW 33997 Shambles
10:45:07PM NASDAQ 14034.22 ‘cess
10:47:39PM JAPAN 29189 Success
26/04/2021 FTSE Closed at 6963 points. Change of 0.36%. Total value traded through LSE was: £ 4,452,134,004 a change of -2.38%
23/04/2021 FTSE Closed at 6938 points. Change of 0%. Total value traded through LSE was: £ 4,560,582,809 a change of -19.42%
22/04/2021 FTSE Closed at 6938 points. Change of 0.62%. Total value traded through LSE was: £ 5,660,042,698 a change of 11.95%
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%

 

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:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BLVN Bowleven** **LSE:BT.A British Telecom** **LSE:CASP Caspian** **LSE:DDDD 4D Pharma** **LSE:ECO ECO (Atlantic) O & G** **LSE:FRES Fresnillo** **LSE:ITRK Intertek** **LSE:SPX Spirax** **LSE:WTG Watchstone** **

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Updated charts published on : Barclays, BALFOUR BEATTY, Bowleven, British Telecom, Caspian, 4D Pharma, ECO (Atlantic) O & G, Fresnillo, Intertek, Spirax, Watchstone,

LSE:BARCLSE:BARC Barclays. Close Mid-Price: 186.08 Percentage Change: + 2.25% Day High: 186.56 Day Low: 180.38

This is getting painful but it’s also about as close to “a sure thing” as ……..

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LSE:BBY BALFOUR BEATTY Close Mid-Price: 319.4 Percentage Change: -0.19% Day High: 322.2 Day Low: 315.8

In the event of BALFOUR BEATTY enjoying further trades beyond 322.2, the ……..

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LSE:BLVN Bowleven Close Mid-Price: 4.5 Percentage Change: -5.26% Day High: 4.75 Day Low: 4.5

This is still missbehaving, needing below 3.5 to cause panic, along with r ……..

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View Previous Bowleven & Big Picture ***

LSE:BT.ALSE:BT.A British Telecom. Close Mid-Price: 156.55 Percentage Change: + 0.97% Day High: 157.1 Day Low: 153.85

This is making very nervous nudges upward, as if getting ready to move. It ……..

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View Previous British Telecom & Big Picture ***

LSE:CASP Caspian Close Mid-Price: 2.25 Percentage Change: -2.17% Day High: 2.3 Day Low: 2.25

There’s a pretty good argument expecting this to reach 2.15 and hopefully ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 111.8 Percentage Change: -0.53% Day High: 115.6 Day Low: 111.4

Another share on the “failure to launch” train, 4D continue to mess around ……..

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LSE:ECO ECO (Atlantic) O & G Close Mid-Price: 22.25 Percentage Change: -1.11% Day High: 22.55 Day Low: 22.25

This is getting a little worrying, needing below 21p to risk slight revers ……..

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View Previous ECO (Atlantic) O & G & Big Picture ***

LSE:FRESLSE:FRES Fresnillo. Close Mid-Price: 906.8 Percentage Change: + 1.50% Day High: 916.6 Day Low: 888.2

This is on the edge of dangerous as below 870 threatens commencing a cycle ……..

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LSE:ITRK Intertek Close Mid-Price: 6176 Percentage Change: -0.35% Day High: 6304 Day Low: 6160

Target met. Further movement against Intertek ABOVE 6304 should improve a ……..

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LSE:SPXLSE:SPX Spirax. Close Mid-Price: 12280 Percentage Change: + 0.12% Day High: 12360 Day Low: 12170

All Spirax needs are mid-price trades ABOVE 12360 to improve acceleration ……..

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View Previous Spirax & Big Picture ***

LSE:WTGLSE:WTG Watchstone. Close Mid-Price: 52.5 Percentage Change: + 2.74% Day High: 51.2 Day Low: 48.9

Target met. If Watchstone experiences continued weakness below 48.9, it w ……..

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View Previous Watchstone & Big Picture ***

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

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