#Gold #SP500 Sometimes, a throw away comment can prove a little distressing. We last reviewed Eurasia Mining six months ago (link), being pretty positive for its long term future. As is our habit, we completed the roundup with a single sentence; “To finish on an easy note, the price needs fall below 26p to now cause utter panic.” Needless to say, in January of this year, the share price decided to explore what could happen if it dropped below 26p.
It hit a bottom at 14p and bounced, fairly unconvincingly, creating the sort of drama we dislike.
The immediate situation for this miner, operating in the back of beyond in Russia, is a little scary. Presently trading around 24p, the price only needs drill below 23.5p to enter a cycle where reversal to 19.5p calculates as very possible. We’d hope for a rebound at such a level, if only due to the presence of the immediate Red uptrend since the start of 2020. However, we rather suspect the share price shall attempt 14.7p in an attempt to scare investors silly and shake loose some shares. Given this level is marginally above the prior low, substantial hope exists for proper price recovery, should this level make an appearance.
Importantly, and perhaps crucially, we calculate “Ultimate Bottom” on this at 12p. This represents the level below which we can no longer calculate numbers. In most situations, should one of our ultimate bottoms break, a share price remains trapped in a twighlight zone, everyone telling each other a miracle shall surely happen.
This time, we’ll finish on a better note, thanks to the pretty contrived price movements visible against this share price. The entire scenario for reversal is perhaps just too obvious, making us suspect the converse may be just around the corner.
Any excuse to trade above 30p should be interesting, apparently capable of triggering recovery to an initial 41p. Visually, such an ambition makes a lot of sense. Our longer term secondary calculates at 54p, an aspiration which is truly amazing as it would take the share to price levels not seen for over 20 years. Needless to say, while we believe in our 41p calculation, we’ve considerable doubts about our workings which produced the 54p figure.
Many thanks to the folk who discovered something interesting in adverts on this page on Tuesday.
|Time Issued||Market||Price At Issue||Short Entry||Fast Exit||Slow Exit||Stop||Long Entry||Fast Exit||Slow Exit||Stop||Prior|
1/06/2021 FTSE Closed at 7080 points. Change of 0.83%. Total value traded through LSE was: £ 5,201,214,939 a change of -13.74%
28/05/2021 FTSE Closed at 7022 points. Change of 0.04%. Total value traded through LSE was: £ 6,029,889,894 a change of -45.96%
27/05/2021 FTSE Closed at 7019 points. Change of -0.1%. Total value traded through LSE was: £ 11,159,138,786 a change of 114.44%
26/05/2021 FTSE Closed at 7026 points. Change of -0.04%. Total value traded through LSE was: £ 5,203,804,555 a change of -0.88%
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 -100%. Total value traded through LSE was: £ 5,693,397,928 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 firstname.lastname@example.org. 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:AV. Aviva** **LSE:BT.A British Telecom** **LSE:CCL Carnival** **LSE:CEG Challenger Energy (aka Bahamas Pet)** **LSE:ITV ITV** **LSE:OPG OPG Power Ventures** **LSE:OXIG Oxford Instruments** **LSE:RMG Royal Mail** **LSE:SBRY Sainsbury** **LSE:SPX Spirax** **LSE:TLW Tullow** **
Updated charts published on : Aviva, British Telecom, Carnival, Challenger Energy (aka Bahamas Pet), ITV, OPG Power Ventures, Oxford Instruments, Royal Mail, Sainsbury, Spirax, Tullow,
LSE:AV. Aviva. Close Mid-Price: 413 Percentage Change: + 0.44% Day High: 419.5 Day Low: 410.6
Further movement against Aviva ABOVE 419.5 should improve acceleration to ……..
LSE:BT.A British Telecom. Close Mid-Price: 179.8 Percentage Change: + 2.83% Day High: 179.6 Day Low: 173.35
In the event of British Telecom enjoying further trades beyond 179.6, the ……..
LSE:CCL Carnival. Close Mid-Price: 1819.2 Percentage Change: + 3.05% Day High: 1827.4 Day Low: 1751.8
All Carnival needs are mid-price trades ABOVE 1827.4 to improve accelerat ……..
LSE:CEG Challenger Energy (aka Bahamas Pet) Close Mid-Price: 2.89 Percentage Change: -5.25% Day High: 3.05 Day Low: 2.85
Something finally appears to be happening, since their company name change ……..
LSE:ITV ITV. Close Mid-Price: 131.5 Percentage Change: + 2.41% Day High: 131.85 Day Low: 128.45
Continued trades against ITV with a mid-price ABOVE 131.85 should improve ……..
LSE:OPG OPG Power Ventures Close Mid-Price: 16.5 Percentage Change: -0.75% Day High: 16.75 Day Low: 16.25
If OPG Power Ventures experiences continued weakness below 16.25, it will ……..
LSE:OXIG Oxford Instruments. Close Mid-Price: 2110 Percentage Change: + 1.93% Day High: 2160 Day Low: 1976
In the event of Oxford Instruments enjoying further trades beyond 2160, t ……..
LSE:RMG Royal Mail. Close Mid-Price: 593.8 Percentage Change: + 2.63% Day High: 609.6 Day Low: 584.8
Further movement against Royal Mail ABOVE 609.6 should improve accelerati ……..
LSE:SBRY Sainsbury. Close Mid-Price: 267.9 Percentage Change: + 0.87% Day High: 268 Day Low: 264.7
Continued trades against SBRY with a mid-price ABOVE 268 should improve t ……..
LSE:SPX Spirax. Close Mid-Price: 12725 Percentage Change: + 0.20% Day High: 12855 Day Low: 12660
Continued trades against SPX with a mid-price ABOVE 12855 should improve ……..
LSE:TLW Tullow. Close Mid-Price: 55.96 Percentage Change: + 9.08% Day High: 58.12 Day Low: 51.3
In the event of Tullow enjoying further trades beyond 58.12, the share sh ……..
*** End of “Updated Today” comments on shares.
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