#DaxFutures #Gold In a fit of curiosity, taking the time to discover what Eurasia actually mine provided some interesting information, explaining the massive rise and reversal experienced over the last year. Modern electric vehicles need batteries and batteries need specialist metals. Eurasia, by securing sites in Russia, look capable of producing a strong future for themselves.
The fly in the ointment?
The share price rose on speculation and now, the reality of it being another few years before extraction fully begins in all sites is doubtless allowing weakness to establish. Trader focus naturally wanes, impatience makes itself known and a lack of immediate optimism takes over. There is something painfully familiar with the share price arc and doubtless many private investors face a protracted period, while their money takes a long holiday as it’s trapped at higher prices. However, as ongoing growth of electric vehicles is being virtually legislated, the company shall doubtless get another day in the sun in the years ahead, when full production commences to satisfy the demand from an increasing market.
Unfortunately, for now, we’re still concerned for the immediate price potentials. The share has now closed below the levels of two prior closing price lows, creating a dangerous situation. Presently trading around 17.6p, the share need only weaken below 16.25p to bring weakness to an initial 14.5p. If such a level breaks, we’d anticipate the price to bottom at 10p, plus or minus a penny or so. This is thanks to the circled manipulation gap on the chart. We now cannot calculate anything below 10p.
To provide an alternate scenario, the share needs exceed the immediate Blue downtrend. This demands the price better 23p to trigger surprise recovery to 27p with secondary, if exceeded, now at 30p. Visually, there’s an extremely strong argument suggesting a glass ceiling awaits at the 30p level. But should the share manage to actually close a session sometime in the future above 30p, we’re able to provide the potential of a massive jump to an eventual 46p.
The bad news; we fear it intends the 10p level eventually.
Trends and Targets. Past performance is not a reliable indicator of future results.
Yet again, many thanks to the kind folk who find adverts on this page interesting. We think of them, every time a coffee is made!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:32:14PM | BRENT | 67.1 | Success | ||||||||
| 9:34:14PM | GOLD | 1787 | 1780 | 1776 | 1771 | 1789 | 1793 | 1798 | 1805 | 1784 | |
| 9:36:59PM | FTSE | 7127.25 | |||||||||
| 9:39:57PM | FRANCE | 6735 | Success | ||||||||
| 9:42:32PM | GERMANY | 15879 | 15852 | 15814 | 15760 | 15918 | 15914 | 15921 | 15944 | 15880 | ‘cess |
| 9:45:42PM | US500 | 4393 | Success | ||||||||
| 9:49:00PM | DOW | 34902 | Success | ||||||||
| 10:06:10PM | NASDAQ | 14845 | Success | ||||||||
| 10:08:12PM | JAPAN | 27367 | ‘cess |
18/08/2021 FTSE Closed at 7169 points. Change of -0.17%. Total value traded through LSE was: £ 5,101,308,767 a change of 1.33%
17/08/2021 FTSE Closed at 7181 points. Change of 0.39%. Total value traded through LSE was: £ 5,034,493,544 a change of 2.47%
16/08/2021 FTSE Closed at 7153 points. Change of -0.9%. Total value traded through LSE was: £ 4,913,032,412 a change of 23.5%
13/08/2021 FTSE Closed at 7218 points. Change of 0.35%. Total value traded through LSE was: £ 3,978,009,773 a change of -26.52%
12/08/2021 FTSE Closed at 7193 points. Change of -0.37%. Total value traded through LSE was: £ 5,413,411,006 a change of 4.45%
11/08/2021 FTSE Closed at 7220 points. Change of 0.96%. Total value traded through LSE was: £ 5,182,803,131 a change of -6.82%
10/08/2021 FTSE Closed at 7151 points. Change of 0.27%. Total value traded through LSE was: £ 5,561,861,537 a change of 12.31%
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:AML Aston Martin** **LSE:CCL Carnival** **LSE:CPI Capita** **LSE:HUR Hurrican Energy** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:NG. National Glib** **LSE:TSCO Tesco** **
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Updated charts published on : Aston Martin, Carnival, Capita, Hurrican Energy, IG Group, Intercontinental Hotels Group, National Glib, Tesco,
LSE:AML Aston Martin Close Mid-Price: 1982.5 Percentage Change: -2.15% Day High: 2045 Day Low: 1976
Now above 2125 allows for recovery to an initial 2170p. If bettered, our l ……..
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View Previous Aston Martin & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 1489.6 Percentage Change: + 1.80% Day High: 1499.6 Day Low: 1433.2
The cruise ships moored locally for the last few years have finally left, ……..
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View Previous Carnival & Big Picture ***
LSE:CPI Capita. Close Mid-Price: 49.82 Percentage Change: + 3.79% Day High: 49.7 Day Low: 47.87
Target met. All Capita needs are mid-price trades ABOVE 49.7 to improve a ……..
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View Previous Capita & Big Picture ***
LSE:HUR Hurrican Energy. Close Mid-Price: 2.2 Percentage Change: + 4.02% Day High: 2.4 Day Low: 2.01
Surely the hurricane season must come soon! Unfortunately, it looks very l ……..
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View Previous Hurrican Energy & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 932.5 Percentage Change: + 2.08% Day High: 931.5 Day Low: 912.5
Target met. Continued trades against IGG with a mid-price ABOVE 931.5 sho ……..
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View Previous IG Group & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4512 Percentage Change: + 0.27% Day High: 4519 Day Low: 4456
Target met. Weakness on Intercontinental Hotels Group below 4456 will inv ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 968.8 Percentage Change: + 0.63% Day High: 971.7 Day Low: 961.4
Target met. Further movement against National Glib ABOVE 971.7 should imp ……..
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View Previous National Glib & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 245.3 Percentage Change: + 0.02% Day High: 247.15 Day Low: 243.75
In the event of Tesco enjoying further trades beyond 247.15, the share sh ……..
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View Previous Tesco & Big Picture ***