#FTSE #DAX Doubtless similar to many married couples, when the partners birthday sneaks into your consciousness just after midnight, a panic early morning visit to the local petrol station is required for emergency birthday card and flowers. And so Thursday began, only instead of petrol station fodder, a drive to the nearest town was deemed a good idea as the evidence of forgetting the birthday (again) would be less obvious. After all, no-one would drive 20 miles, just to pretend you’d a clear conscience.
This, neatly, brings us to Helium One and their share price!
Buying a birthday balloon was something which hadn’t been done previously and the potential for fun with a bunch of helium balloons hadn’t been considered. Apparently around 8% of helium use is for balloons, the gas enjoying a wide range of applications. Needless to say, neither the balloons or “proper” birthday card proved sufficient, the inevitable “You forgot, didn’t you. Why can’t you be more organised” was waiting on my return home.
As for Helium One, I suspect the purchase of my emergency balloons didn’t provoke the share being one of the more active on Thursday in the UK stock market but when an email asked our thoughts of the share price, the coincidence couldn’t be ignored.
Despite never having given a moments thought to where helium is sourced, it transpires the worlds largest reserve of helium was in the US, located in Amarillo, Texas, an area made famous by an annoying novelty song. This reserve is now close to exhausted and further sources are being sought. Of course, this is where Helium One enter the picture with their reserves in Tanzania, now regarded as the largest known primary helium resource in the world.
Listed on the AIM relatively recently, their share price is now looking quite vibrant, on the edge of becoming seriously interesting for the longer term. The issue is fairly simple. Above 25p now looks capable of a price rise to an initial 27.4p. If bettered, our secondary calculates at 29p.
While the share is presently trading around 24.5p, there’s something of special interest about these relatively tame target levels. We cannot calculate above 29p and of course, this does not for a moment mean the price cannot go higher. If the share price successfully exceeds 29p, the sky is the limit for the longer term. The share price simply does not have sufficient history to feed our software with a pile of trading data.
Visually, we’re pretty optimistic about this one. The price would need fall below 11.5p to provoke true alarm.
FTSE for FRIDAY (FTSE:UKX) Where do we start? Thursday proved somewhat insipid, the UK market flailing around in a 20 point range for the morning session. At 12 noon, a miracle occurred, the FTSE moving up by a further 20 points, then doing very little thereafter. If there was ever a day when the market appeared at a loss for what to do, Thursday described it nicely. Once upon a time, we looked forward to Thursdays as the thrill of shares going ‘ex-dividend’ often provoked surprises but for now, it’s just a little boring.
After so saying, the FTSE did manage to close the session is fairly hopeful territory for the near future. Moves above 7124 points suggest a visit to 7167 can be anticipated. This is a pretty tame target level but our secondary, should 7167 be exceeded, is rather more interesting, calculating at 7228 points. The lethargic pace of the UK market suggests not holding ones breath, if hoping for it to appear with a single session.
If triggered, the tightest stop looks like 7085 points.
Our alternate, converse scenario requires the FTSE to slump below 7070 to be taken seriously, threatening reversal to an initial 7027 points. If broken, our longer term secondary calculates down at 6969 points.
Once again, our thanks to those who find adverts on this page sufficiently interesting to visit. It keeps the coffee flowing!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:53:01PM | BRENT | 74.94 | 73.89 | 73.5 | 74.74 | 75.15 | 75.41 | 74.44 | ‘cess | ||
| 10:55:27PM | GOLD | 1775.31 | 1773 | 1768 | 1780 | 1788 | 1793 | 1776 | |||
| 10:57:27PM | FTSE | 7122 | 7075 | 7058 | 7105 | 7130 | 7164 | 7076 | |||
| 11:00:12PM | FRANCE | 6635 | 6608 | 6601.5 | 6632 | 6642 | 6653 | 6608 | |||
| 11:02:14PM | GERMANY | 15605 | 15474 | 15441 | 15568 | 15618 | 15668 | 15571 | |||
| 11:04:25PM | US500 | 4269.52 | 4247 | 4242 | 4258 | 4273 | 4279 | 4257 | ‘cess | ||
| 11:07:03PM | DOW | 34308 | 33935 | 33826 | 34092 | 34333 | 34436 | 34086 | ‘cess | ||
| 11:09:59PM | NASDAQ | 14367 | 14303 | 14285 | 14395 | 14429 | 14445.5 | 14372 | ‘cess | ||
| 11:12:51PM | JAPAN | 29057 | 28818 | 28736.5 | 28930 | 29134 | 29193 | 28916 | ‘cess |
24/06/2021 FTSE Closed at 7109 points. Change of 0.49%. Total value traded through LSE was: £ 5,682,704,264 a change of 17.41%
23/06/2021 FTSE Closed at 7074 points. Change of -0.23%. Total value traded through LSE was: £ 4,840,178,620 a change of 4.89%
22/06/2021 FTSE Closed at 7090 points. Change of 0.4%. Total value traded through LSE was: £ 4,614,657,268 a change of -14.59%
21/06/2021 FTSE Closed at 7062 points. Change of 0.64%. Total value traded through LSE was: £ 5,402,713,223 a change of -54.05%
18/06/2021 FTSE Closed at 7017 points. Change of -1.9%. Total value traded through LSE was: £ 11,756,764,970 a change of 103.69%
17/06/2021 FTSE Closed at 7153 points. Change of -0.43%. Total value traded through LSE was: £ 5,772,023,987 a change of -2.72%
16/06/2021 FTSE Closed at 7184 points. Change of 0.17%. Total value traded through LSE was: £ 5,933,708,307 a change of 0.36%
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:ASC Asos** **LSE:CEY Centamin** **LSE:HUR Hurrican Energy** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:STAN Standard Chartered** **LSE:VOG VICTORIA** **
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Updated charts published on : Asos, Centamin, Hurrican Energy, Oxford Instruments, Primary Health, Standard Chartered, VICTORIA,
LSE:ASC Asos. Close Mid-Price: 4755 Percentage Change: + 0.63% Day High: 4756 Day Low: 4581
Continued weakness against ASC taking the price below 4581 calculates as ……..
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View Previous Asos & Big Picture ***
LSE:CEY Centamin Close Mid-Price: 106.4 Percentage Change: -0.47% Day High: 107.45 Day Low: 105.45
It looks very like weakness below 100p shall drive this back to an initial ……..
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View Previous Centamin & Big Picture ***
LSE:HUR Hurrican Energy. Close Mid-Price: 1.7 Percentage Change: + 2.97% Day High: 1.87 Day Low: 1.51
Further movement against Hurrican Energy ABOVE 1.87 should improve accele ……..
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View Previous Hurrican Energy & Big Picture ***
LSE:OXIG Oxford Instruments Close Mid-Price: 2310 Percentage Change: -1.49% Day High: 2360 Day Low: 2275
Target met. All Oxford Instruments needs are mid-price trades ABOVE 2360 ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:PHP Primary Health Close Mid-Price: 154.5 Percentage Change: -1.15% Day High: 156.9 Day Low: 154.6
Weakness below 154 looks capable of heading to 150.5 initially. If broken, ……..
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View Previous Primary Health & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 465.1 Percentage Change: + 0.41% Day High: 468.9 Day Low: 461.8
In the event Standard Chartered experiences weakness below 461.8 it calcu ……..
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View Previous Standard Chartered & Big Picture ***
LSE:VOG VICTORIA Close Mid-Price: 5.5 Percentage Change: -4.35% Day High: 5.75 Day Low: 5.5
Pretending to be interested, while it pretends to move, is a frustrating e ……..
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View Previous VICTORIA & Big Picture ***