Shocking news about SSE Plc

#SP500 #WallSt With the energy major enacting their AGM today in Perth, Scotland, we’re curious whether the largely scripted event shall produce anything interesting. There’s been some talk of shareholder disquiet over the CEO salary, a frequent thing prior to corporate AGM’s. Invariably, any shareholder revolt in the room comes to nothing, once funds share of the votes are taken into account.

Certainly, in the period since the Covid drop, the share price has marginally outperformed the FTSE 100 of which it’s a member but realistically, failed to set the heather on fire. Of course, it can be argued this is exactly how it should be with this type of company, baby steps rather than vibrant volatility. A glance at the corporate website reveals the company is strongly committed to Green energy, big fans of wind farms offshore, all the right noises for this day and age.

 

Unfortunately, at present, their share price isn’t in a particularly happy place, recent movements suggesting ongoing weakness below 1468 threatening a trip to 1428, a level at which the visuals suggest a bounce should occur. Importantly, should 1428 break for any reason, we calculate a serious risk of a reversal cycle commencing down to 1273p and hopefully “bottom”.

Our more positive scenario which we suspect shall proved justified, given the companies behaviour since the pandemic drop, asks for share price movement above 1560p to provoke growth toward an initial 1635. If exceeded, our longer term secondary calculates at 1754p, amazingly a new all time high which shall demand we once again stir the tea leaves for a look at the future.

Hey, chart goes here

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:37:19PM BRENT 71.71 Success
10:39:43PM GOLD 1804.01 Success
10:41:57PM FTSE 7013.26 Success
10:44:30PM FRANCE 6484 Success
10:48:45PM GERMANY 15463 Success
10:50:58PM US500 4362.82 4317 4302 4281 4337 4365 4381.5 4403 4325 ‘cess
10:58:56PM DOW 34847 34467 34430 34291 34675 34847 34963 35371 34630 Success
11:01:19PM NASDAQ 14847 ‘cess
11:03:16PM JAPAN 27905 ‘cess

 

21/07/2021 FTSE Closed at 6998 points. Change of 1.7%. Total value traded through LSE was: £ 6,667,496,815 a change of 20.91%
20/07/2021 FTSE Closed at 6881 points. Change of 0.54%. Total value traded through LSE was: £ 5,514,441,062 a change of 18.32%
19/07/2021 FTSE Closed at 6844 points. Change of -2.34%. Total value traded through LSE was: £ 4,660,799,780 a change of -7.14%
16/07/2021 FTSE Closed at 7008 points. Change of -0.06%. Total value traded through LSE was: £ 5,019,385,780 a change of -1.58%
15/07/2021 FTSE Closed at 7012 points. Change of -1.11%. Total value traded through LSE was: £ 5,099,995,306 a change of 13.98%
14/07/2021 FTSE Closed at 7091 points. Change of -0.46%. Total value traded through LSE was: £ 4,474,388,413 a change of 6.25%
13/07/2021 FTSE Closed at 7124 points. Change of -0.01%. Total value traded through LSE was: £ 4,211,106,808 a change of 2.19%

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:CEG Challenger Energy (aka Bahamas Pet)** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:POLY Polymetal** **LSE:QFI Quadrise** **LSE:RBD Reabold Resources PLC** **LSE:RMG Royal Mail** **LSE:SRP Serco** **

********

Updated charts published on : Challenger Energy (aka Bahamas Pet), Fresnillo, Genel, Polymetal, Quadrise, Reabold Resources PLC, Royal Mail, Serco,

LSE:CEG Challenger Energy (aka Bahamas Pet). Close Mid-Price: 2.05 Percentage Change: + 2.50% Day High: 2 Day Low: 1.9

If Challenger Energy (aka Bahamas Pet) experiences continued weakness bel ……..

Subscribe for more

</p

View Previous Challenger Energy (aka Bahamas Pet) & Big Picture ***

LSE:FRES Fresnillo Close Mid-Price: 762.6 Percentage Change: -0.83% Day High: 774.6 Day Low: 753

Target met. If Fresnillo experiences continued weakness below 753, it wil ……..

Subscribe for more

</p

View Previous Fresnillo & Big Picture ***

LSE:GENL Genel. Close Mid-Price: 141.8 Percentage Change: + 2.75% Day High: 141.6 Day Low: 133.6

Weakness on Genel below 133.6 will invariably lead to 120 with secondary, ……..

Subscribe for more

</p

View Previous Genel & Big Picture ***

LSE:POLY Polymetal Close Mid-Price: 1538.5 Percentage Change: -1.88% Day High: 1581 Day Low: 1526

Continued weakness against POLY taking the price below 1526 calculates as ……..

Subscribe for more

</p

View Previous Polymetal & Big Picture ***

LSE:QFI Quadrise. Close Mid-Price: 3.14 Percentage Change: + 0.48% Day High: 3.21 Day Low: 3

Weakness on Quadrise below 3 will invariably lead to 2.8 with secondary ( ……..

Subscribe for more

</p

View Previous Quadrise & Big Picture ***

LSE:RBD Reabold Resources PLC. Close Mid-Price: 0.4 Percentage Change: + 0.00% Day High: 0.42 Day Low: 0.38

Target met. If Reabold Resources PLC experiences continued weakness below ……..

Subscribe for more

</p

View Previous Reabold Resources PLC & Big Picture ***

LSE:RMG Royal Mail Close Mid-Price: 516.2 Percentage Change: -2.71% Day High: 535.6 Day Low: 508.4

Target met. Weakness on Royal Mail below 508.4 will invariably lead to 48 ……..

Subscribe for more

</p

View Previous Royal Mail & Big Picture ***

LSE:SRP Serco. Close Mid-Price: 141.5 Percentage Change: + 1.07% Day High: 142.1 Day Low: 138

Even below 138 now risks becoming an issue, looking capable of an initial ……..

Subscribe for more

</p

View Previous Serco & Big Picture ***

*** End of “Updated Today” comments on shares.

This post has already been read 118 times!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.