#Gold #DowJones Just over a month ago, we reviewed #Hurricane Energy and, to be honest, didn’t anticipate the share price moving with any great strength without a solid change in circumstance. We even demanded the price exceed 3.5p to force us to “run the numbers” again. A pile of emails, mentioning it closed the end of June at 3.6p, forced us to look at the strength which has taken the share price from 1.25 to 3.6p in such a short period, in the hope we can extrapolate a sensible future.
Our inclination (for now) is to establish 4.45p as the next major trigger level. Our reasoning for this comes from above such a level (and incidentally, it’s also the next target on the immediate cycle), the influences acting on Hurricane energy change quite dramatically. We can calculate an initial potential of 5.6p with secondary, if exceeded, at an amazing 12p. The secondary looks almost certain to provide some hesitation, matching a strange period of price movements (circled) from April & May 2020, where the market clearly had some sort of reasoning which it employed to stop the price going up. This suspicion was finally confirmed when the share price was gapped downward below, from our viewpoint, a crucial level as we couldn’t reliably calculate a bottom below 11p.
By every standard, anything which recovers Hurricane Energy share price above 11p shall be significant, implying whatever the market thoughts which provoked the last years shambles, can now be forgotten and some true recovery can commence. It’s a really big deal, one which currently allows us to pencil a price growth template to a surprising 17p.
For now, by establishing a trigger at 4.45p, we’re being pretty cautious despite Hurricane experiencing a 28% day at the end of June. Unfortunately, with the UK stock market, blind optimism will often take you to the edge of a cliff.
If everything intends go horribly wrong, the share price now needs trade below 2.25p.
Again, our thanks to the folk who find adverts on this page worth a visit. And thanks for the coffee!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:17:16PM | BRENT | 74.62 | |||||||||
| 10:20:09PM | GOLD | 1770.43 | 1753 | 1747 | 1738 | 1765 | 1774 | 1778 | 1782 | 1763 | |
| 10:27:39PM | FTSE | 7064 | |||||||||
| 10:43:29PM | FRANCE | 6529 | Success | ||||||||
| 10:49:26PM | GERMANY | 15583 | Success | ||||||||
| 10:51:50PM | US500 | 4302 | Shambles | ||||||||
| 10:53:50PM | DOW | 34551 | 34344 | 34290 | 34197 | 34455 | 34569 | 34658 | 34835 | 34452 | Success |
| 10:54:18PM | NASDAQ | 14567 | Utterly | no | idea | what | it | is | playing | at | |
| 10:56:40PM | JAPAN | 28771 | Success |
30/06/2021 FTSE Closed at 7037 points. Change of -0.71%. Total value traded through LSE was: £ 5,475,559,287 a change of 23.7%
29/06/2021 FTSE Closed at 7087 points. Change of 0.21%. Total value traded through LSE was: £ 4,426,489,456 a change of -5.63%
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%
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:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:ECO ECO (Atlantic) O & G** **LSE:EME Empyrean** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:ITM ITM Power** **LSE:MKS Marks and Spencer** **LSE:MRW Morrisons** **LSE:POLY Polymetal** **LSE:RR. Rolls Royce** **LSE:STAN Standard Chartered** **LSE:TW. Taylor Wimpey** **
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Updated charts published on : Barclays, Barrett Devs, BP PLC, ECO (Atlantic) O & G, Empyrean, Hurrican Energy, British Airways, ITM Power, Marks and Spencer, Morrisons, Polymetal, Rolls Royce, Standard Chartered, Taylor Wimpey,
LSE:BARC Barclays Close Mid-Price: 171.12 Percentage Change: -1.20% Day High: 174.56 Day Low: 169.32
Continued weakness against BARC taking the price below 167 calculates as l ……..
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View Previous Barclays & Big Picture ***
LSE:BDEV Barrett Devs Close Mid-Price: 695.2 Percentage Change: -1.53% Day High: 708.2 Day Low: 688.2
If Barrett Devs experiences continued weakness below 688.2, it will invar ……..
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View Previous Barrett Devs & Big Picture ***
LSE:BP. BP PLC Close Mid-Price: 315 Percentage Change: -0.32% Day High: 318.2 Day Low: 311.2
Remaining frustrating, BP still needs above 337 to indicate potential reco ……..
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View Previous BP PLC & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 29 Percentage Change: + 9.43% Day High: 29 Day Low: 26
Target met. In the event of ECO (Atlantic) O & G enjoying further trades ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:EME Empyrean. Close Mid-Price: 6.98 Percentage Change: + 5.76% Day High: 6.9 Day Low: 6.6
Continued trades against EME with a mid-price ABOVE 6.9 should improve th ……..
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View Previous Empyrean & Big Picture ***
LSE:HUR Hurrican Energy. Close Mid-Price: 3.6 Percentage Change: + 28.57% Day High: 3.8 Day Low: 2.75
Target met. Continued trades against HUR with a mid-price ABOVE 3.8 shoul ……..
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View Previous Hurrican Energy & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 174.22 Percentage Change: + 0.18% Day High: 175.94 Day Low: 167.56
Weakness on British Airways below 167.56 will invariably lead to 153 and ……..
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View Previous British Airways & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 455.4 Percentage Change: -7.14% Day High: 495.8 Day Low: 444
Continued trades against ITM with a mid-price ABOVE 495.8 should improve ……..
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View Previous ITM Power & Big Picture ***
LSE:MKS Marks and Spencer Close Mid-Price: 146.45 Percentage Change: -2.11% Day High: 151.25 Day Low: 145.75
If Marks and Spencer experiences continued weakness below 145.75, it will ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:MRW Morrisons. Close Mid-Price: 246.7 Percentage Change: + 4.53% Day High: 251.7 Day Low: 235.2
Target met. Continued trades against MRW with a mid-price ABOVE 251.7 sho ……..
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View Previous Morrisons & Big Picture ***
LSE:POLY Polymetal Close Mid-Price: 1554.5 Percentage Change: -0.51% Day High: 1570.5 Day Low: 1548.5
If Polymetal experiences continued weakness below 1548.5, it will invaria ……..
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View Previous Polymetal & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 98.92 Percentage Change: + 0.34% Day High: 99.9 Day Low: 94.69
Target met. Weakness on Rolls Royce below 94.69 will invariably lead to 9 ……..
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View Previous Rolls Royce & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 461 Percentage Change: + 0.22% Day High: 465 Day Low: 453.3
Continued weakness against STAN taking the price below 453.3 calculates a ……..
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View Previous Standard Chartered & Big Picture ***
LSE:TW. Taylor Wimpey Close Mid-Price: 158.95 Percentage Change: -2.03% Day High: 163.2 Day Low: 156.9
Target met. Weakness on Taylor Wimpey below 156.9 will invariably lead to ……..
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View Previous Taylor Wimpey & Big Picture ***