#Gold #SP500 A few things can be irritating about Scotland. Obviously, the Scots themselves can be a major irritant but for second place, we’re torn between Hurricane Energy and an insect called ‘The Midge’. The Midge, famed for enjoying the fastest wing speed on the entire planet, unfortunately tends to provide an abiding memory for visitors and unfortunately, this year looks like providing a vintage crop of the vile little sods.
As can be assumed, a usually enjoyable session with the little tractor turned into some sort of Hitchcock nightmare on Tuesday, clouds of the biting monsters ensuring playtime finished quickly with a lawn uncut and the heavy grass roller still in storage. This new toy, essentially an extremely heavy concrete sausage which attaches to the tractor with chains, promises additional excuses to slowly promenade outside while pretending to be engaged in serious work.
Unlike the Scottish Midge, people didn’t need visit Scotland to be stung by Hurricane Energy, an explorer focussed on the seas around Scotland!
For some time, the share has been trading at levels where we cannot calculate an ultimate bottom. Once the price opted to drill below 11p in March 2020, we’ve been floundering thanks to a lack of “ultimate bottom” target levels. However, in the last week, the share price has managed to enact some interesting movements making us wonder if something important is about to happen. To be honest, we shall not be surprised if the ploy of a ‘share split’ is enacted, perhaps a 50:1 sleight of hand to pretend the share price is back trading at levels last seen in 2018 and 2019. Alas, the harsh reality with these games is an outcome where share prices again face a few years of being slaughtered by an unsympathetic market, the main losers being private investors.
Obviously, we’ve absolutely NO inside knowledge suggesting this sort of thing is coming, just a painfully familiar feeling. When a share remains trading despite the price being arithmetically miles below our “ultimate bottom” of 11p, we tend suspect some financial gymnastics are coming. Less likely (but it happens) is a flow of good news, capable of changing company fortunes.
However, if we chose to search for reasonable trigger levels, it appears Hurricane Energy needs trade above just 1.75p to give early warning for some reasonable movement. According to our software, movement above 1.75p should lead to a completely boring 2.25p. Only if the share price discovers a reason to explore above 2.25p do things become really interesting as recovery to an initial 3.5p calculates as possible.
If 3.5p is exceeded, our secondary works out at 4.4p and visually, it even makes some sense. In a conventional world, should such a level make an appearance, we shall need examine price movements and “run the numbers” again, thanks to some pretty illogical recovery levels making themselves known.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:21:51PM | BRENT | 68.49 | |||||||||
| 10:24:19PM | GOLD | 1899.14 | 1873 | 1868.5 | 1858 | 1886 | 1900 | 1916 | 1954 | 1863 | Success |
| 10:26:36PM | FTSE | 7018 | Shambles | ||||||||
| 10:28:03PM | FRANCE | 6400 | |||||||||
| 10:38:48PM | GERMANY | 15491 | |||||||||
| 10:40:22PM | US500 | 4191.27 | 4183 | 4171 | 4156 | 4204 | 4216 | 4225.5 | 4237 | 4195 | |
| 10:42:14PM | DOW | 34347 | ‘cess | ||||||||
| 10:44:01PM | NASDAQ | 13670 | ‘cess | ||||||||
| 10:46:06PM | JAPAN | 28424 |
25/05/2021 FTSE Closed at 7029 points. Change of -0.31%. Total value traded through LSE was: £ 5,249,852,674 a change of 45.96%
24/05/2021 FTSE Closed at 7051 points. Change of 0.47%. Total value traded through LSE was: £ 3,596,890,836 a change of -36.82%
21/05/2021 FTSE Closed at 7018 points. Change of -0.03%. Total value traded through LSE was: £ 5,693,397,928 a change of 0.83%
20/05/2021 FTSE Closed at 7020 points. Change of 1.01%. Total value traded through LSE was: £ 5,646,307,617 a change of -4.36%
19/05/2021 FTSE Closed at 6950 points. Change of -1.19%. Total value traded through LSE was: £ 5,903,633,845 a change of 15.89%
18/05/2021 FTSE Closed at 7034 points. Change of 0.03%. Total value traded through LSE was: £ 5,094,076,340 a change of 18.05%
17/05/2021 FTSE Closed at 7032 points. Change of -0.16%. Total value traded through LSE was: £ 4,315,305,188 a change of -15.16%
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
Click Epic to jump to share: LSE:CBX Cellular Goods** **LSE:EMG MAN** **LSE:FGP Firstgroup** **LSE:GENL Genel** **LSE:HIK Hikma** **LSE:ITRK Intertek** **LSE:LLOY Lloyds Grp.** **LSE:NG. National Glug** **LSE:ODX Omega Diags** **LSE:RMG Royal Mail** **LSE:SDY Speedyhire** **LSE:SPX Spirax** **LSE:ZOO Zoo Digital** **
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Updated charts published on : Cellular Goods, MAN, Firstgroup, Genel, Hikma, Intertek, Lloyds Grp., National Glug, Omega Diags, Royal Mail, Speedyhire, Spirax, Zoo Digital,
LSE:CBX Cellular Goods Close Mid-Price: 6.55 Percentage Change: -2.98% Day High: 6.78 Day Low: 6.4
Weakness on Cellular Goods below 6.4 will invariably lead to 5.7 with sec ……..
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View Previous Cellular Goods & Big Picture ***
LSE:EMG MAN. Close Mid-Price: 177.15 Percentage Change: + 1.61% Day High: 177.9 Day Low: 174.4
Target met. Continued trades against EMG with a mid-price ABOVE 177.9 sho ……..
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View Previous MAN & Big Picture ***
LSE:FGP Firstgroup. Close Mid-Price: 85.55 Percentage Change: + 0.00% Day High: 86.9 Day Low: 85.35
The immediate situation is slightly useful as above 89p is supposed to tri ……..
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View Previous Firstgroup & Big Picture ***
LSE:GENL Genel Close Mid-Price: 139.6 Percentage Change: -1.55% Day High: 141.2 Day Low: 138.6
Target met. Weakness on Genel below 138.6 will invariably lead to 130 wit ……..
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View Previous Genel & Big Picture ***
LSE:HIK Hikma. Close Mid-Price: 2496 Percentage Change: + 0.24% Day High: 2504 Day Low: 2478
Continued trades against HIK with a mid-price ABOVE 2504 should improve t ……..
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View Previous Hikma & Big Picture ***
LSE:ITRK Intertek. Close Mid-Price: 5948 Percentage Change: + 0.88% Day High: 5968 Day Low: 5870
Bettering 6000p looks like a coming attempt at an initial 6247. If bettere ……..
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View Previous Intertek & Big Picture ***
LSE:LLOY Lloyds Grp.. Close Mid-Price: 49.07 Percentage Change: + 0.72% Day High: 49.31 Day Low: 48.85
Target met. Further movement against Lloyds Grp. ABOVE 49.31 should impro ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:NG. National Glug Close Mid-Price: 947 Percentage Change: -0.35% Day High: 958.1 Day Low: 942.8
Continued trades against NG. with a mid-price ABOVE 958.1 should improve ……..
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View Previous National Glug & Big Picture ***
LSE:ODX Omega Diags Close Mid-Price: 62 Percentage Change: -2.36% Day High: 63.5 Day Low: 60.5
Target met. In the event Omega Diags experiences weakness below 60.5 it c ……..
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View Previous Omega Diags & Big Picture ***
LSE:RMG Royal Mail. Close Mid-Price: 586.2 Percentage Change: + 6.58% Day High: 592.6 Day Low: 557.6
Target met. In the event of Royal Mail enjoying further trades beyond 592 ……..
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View Previous Royal Mail & Big Picture ***
LSE:SDY Speedyhire Close Mid-Price: 77 Percentage Change: -4.94% Day High: 81.1 Day Low: 76.1
In the event of Speedyhire enjoying further trades beyond 81.1, the share ……..
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View Previous Speedyhire & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 12435 Percentage Change: + 0.08% Day High: 12495 Day Low: 12380
Target met. Continued trades against SPX with a mid-price ABOVE 12495 sho ……..
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View Previous Spirax & Big Picture ***
LSE:ZOO Zoo Digital Close Mid-Price: 134 Percentage Change: -2.55% Day High: 140 Day Low: 133
Continued trades against ZOO with a mid-price ABOVE 140 should improve th ……..
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View Previous Zoo Digital & Big Picture ***