#Gold #S500 It’s a bit surprising how a company focussed on a single US state – in this instance, Alaska – can be described as a global operation. Their portfolio for exploration and oil recovery is entirely based in North America. But their headquarters, obviously, can be found in Australia, also with a listing on the Australia exchange. And completing their 3 continent reach, 88Energy are also traded on the UK AIM market.
With Discovery TV focussing on Gold recovery in Alaska with programs such as Gold Rush & the (sometimes) excellent Bering Sea Gold, it has been easy for this casual observer to forget oil extraction plays such a massive part of Alaskan fortunes. We were a little surprised at visiting 88 Energy website, intending to review their recent media news and discovering the most recent update has been from December 2019. Thankfully the company twitter account – @88EnergyLtd – proved somewhat more vibrant with regular updates pointing at their stock market releases.
Before we dive into a pretty optimistic analysis for the future, there’s a small detail worth remembering. We cannot calculate a bottom for 88 Energy share price but some considerable hope remains possible, thanks to the share hitting 0.21p last year and no lower. Perhaps this illustrated the level of pain the market intended inflict on investors, some doubtless present since the share traded above 45p in 2012.
Currently, we’ve two distinct tales to tell, one which effects the near term, surprisingly dovetailing into some useful Big Picture potentials.
Near term, movement above 1.6p calculates with the potential of some price recovery to a fairly tame 2.04p. If exceeded, our secondary calculates at a slightly more sanguine 2.6p. It’s the 2.6p level which provides excuse for longer term interest as, should the share price trade beyond such a level, some quite surprising numbers start to become available. Essentially, for our perspective, the price moves into a cycle where Bigger Picture influences start to play a role, suggesting 5.5p shall be possible as a target for those blessed with patience. If bettered, our secondary calculates at 7.8. If opting to embrace sanity, waiting until the price actually closes a session above the Blue downtrend makes some considerable sense, despite us being unable to ignore the harsh reality of being unable to calculate above 2.6p without applying movement influences from a period when the share price was really quite respectable.
Finally, many thanks to those who find adverts on this page sufficiently interesting to visit. You’re keeping us in coffee!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:50:41PM | BRENT | 74.15 | |||||||||
| 9:59:42PM | GOLD | 1778 | 1770 | 1766.5 | 1760 | 1780 | 1785 | 1788 | 1794 | 1776 | |
| 10:01:50PM | FTSE | 7084 | ‘cess | ||||||||
| 10:11:36PM | FRANCE | 6566 | Success | ||||||||
| 10:15:49PM | GERMANY | 15576 | |||||||||
| 10:17:24PM | US500 | 4290 | 4273 | 4266 | 4258 | 4286 | 4292 | 4296 | 4303 | 4280 | |
| 10:19:41PM | DOW | 34323 | |||||||||
| 10:23:25PM | NASDAQ | 14515 | Success | ||||||||
| 10:25:41PM | JAPAN | 28931 | ‘cess |
28/06/2021 FTSE Closed at 7072 points. Change of -0.9%. Total value traded through LSE was: £ 4,690,740,791 a change of -4.03%
25/06/2021 FTSE Closed at 7136 points. Change of 0.38%. Total value traded through LSE was: £ 4,887,856,351 a change of -13.99%
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%
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:ECO ECO (Atlantic) O & G** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:OPG OPG Power Ventures** **LSE:QFI Quadrise** **LSE:RBD Reabold Resources PLC** **LSE:STAN Standard Chartered** **LSE:VEC Vectura** **
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Updated charts published on : ECO (Atlantic) O & G, EasyJet, Fresnillo, Hurrican Energy, British Airways, IG Group, ITM Power, OPG Power Ventures, Quadrise, Reabold Resources PLC, Standard Chartered, Vectura,
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 26 Percentage Change: + 13.04% Day High: 26.25 Day Low: 23.75
Further movement against ECO (Atlantic) O & G ABOVE 26.25 should improve ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:EZJ EasyJet Close Mid-Price: 899.6 Percentage Change: -5.80% Day High: 953.4 Day Low: 900
Weakness on EasyJet below 900 will invariably lead to 877 with secondary ……..
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View Previous EasyJet & Big Picture ***
LSE:FRES Fresnillo Close Mid-Price: 801 Percentage Change: -0.67% Day High: 813.8 Day Low: 799.8
If Fresnillo experiences continued weakness below 799.8, it will invariab ……..
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View Previous Fresnillo & Big Picture ***
LSE:HUR Hurrican Energy. Close Mid-Price: 2.8 Percentage Change: + 29.33% Day High: 2.9 Day Low: 1.96
Target met. In the event of Hurrican Energy enjoying further trades beyon ……..
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View Previous Hurrican Energy & Big Picture ***
LSE:IAG British Airways Close Mid-Price: 176.4 Percentage Change: -5.91% Day High: 188.3 Day Low: 176.06
In the event British Airways experiences weakness below 176.06 it calcul ……..
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View Previous British Airways & Big Picture ***
LSE:IGG IG Group Close Mid-Price: 835 Percentage Change: -0.42% Day High: 841 Day Low: 833
If IG Group experiences continued weakness below 833, it will invariably ……..
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View Previous IG Group & Big Picture ***
LSE:ITM ITM Power. Close Mid-Price: 457.6 Percentage Change: + 5.20% Day High: 465.8 Day Low: 430.4
In the event of ITM Power enjoying further trades beyond 465.8, the share ……..
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View Previous ITM Power & Big Picture ***
LSE:OPG OPG Power Ventures. Close Mid-Price: 14.45 Percentage Change: + 8.04% Day High: 14.12 Day Low: 12.75
Weakness on OPG Power Ventures below 12.75 will invariably lead to 12.5 w ……..
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View Previous OPG Power Ventures & Big Picture ***
LSE:QFI Quadrise Close Mid-Price: 3.56 Percentage Change: -7.53% Day High: 3.97 Day Low: 3.39
Weakness on Quadrise below 3.39 will invariably lead to 3.2 with secondar ……..
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View Previous Quadrise & Big Picture ***
LSE:RBD Reabold Resources PLC Close Mid-Price: 0.52 Percentage Change: -3.74% Day High: 0.54 Day Low: 0.52
Continued weakness against RBD taking the price below 0.52 calculates as ……..
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View Previous Reabold Resources PLC & Big Picture ***
LSE:STAN Standard Chartered Close Mid-Price: 460.4 Percentage Change: -1.88% Day High: 469.3 Day Low: 459.7
Weakness on Standard Chartered below 459.7 will invariably lead to 415 wi ……..
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View Previous Standard Chartered & Big Picture ***
LSE:VEC Vectura Close Mid-Price: 136.2 Percentage Change: -0.15% Day High: 137.6 Day Low: 136
Making unwelcome price movements, now below 135.5 looks capable of reversa ……..
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View Previous Vectura & Big Picture ***