#FTSE #France With Argo Blockchain, rather quickly, achieving and slightly exceeding our bounce target given in our July report, the share price is now showing interesting potentials. We should point out, in the market there is no such thing as a “sure thing”. But LSE:ARB, the only Crypto miner listed on the London Exchange, a now showing some strong scenario for the future.
There are a couple of things worthy of note. Back in July, we suspected the share price would bounce before 63p. This was a price level where virtually every logic we employ demanded it must rebound. The reality came a day after our report, the share hitting 82p and failing to drop further. Ideally, this promotes the concept of inherent strength and should this be the case, perhaps it shall prove important the share closed at 173p on Friday 17th Sept, just above our 170p bounce target. With the share price presently trading around 167p, it certainly does not require a great deal of work to create a further positive scenario for the longer term.
Next above 173p calculates with the potential of further recovery to an initial 199p. The visuals imply some hesitation should be anticipated around such a level, if only due to the folk trapped since April of this year opting to Bail at Break Even. Our secondary, should 199p be exceeded, works out at 227p.
An interesting, almost refreshing, aspect of Argo’ share price movements comes from a distinct separation between the crazy swings ‘enjoyed’ by crypto currency, when viewed against price movements of a crypto miner. At times, we wish gold miners would experience such a sensible distance between reality and rumour!
On the chart below, we feature a third level target of 250p, if it all starts moving fast. While some hesitation can be anticipated at such a level, again due to prior behaviour, in the event the share price actually closes a session above 250p, we shall regard it as entering a brave new world with some extremely interesting long term potentials.
Trends and Targets. Past performance is not a reliable indicator of future results.
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|Time Issued||Market||Price At Issue||Short Entry||Fast Exit||Slow Exit||Stop||Long Entry||Fast Exit||Slow Exit||Stop||Prior|
21/09/2021 FTSE Closed at 6980 points. Change of 1.12%. Total value traded through LSE was: £ 6,290,005,050 a change of -2.8%
20/09/2021 FTSE Closed at 6903 points. Change of -0.86%. Total value traded through LSE was: £ 6,471,386,958 a change of -56.78%
17/09/2021 FTSE Closed at 6963 points. Change of -0.91%. Total value traded through LSE was: £ 14,974,489,872 a change of 149%
16/09/2021 FTSE Closed at 7027 points. Change of 0.16%. Total value traded through LSE was: £ 6,013,769,162 a change of 0.85%
15/09/2021 FTSE Closed at 7016 points. Change of -0.26%. Total value traded through LSE was: £ 5,962,830,996 a change of 19.14%
14/09/2021 FTSE Closed at 7034 points. Change of -0.73%. Total value traded through LSE was: £ 5,004,739,047 a change of 6.33%
13/09/2021 FTSE Closed at 7086 points. Change of 0.81%. Total value traded through LSE was: £ 4,706,844,854 a change of 19.18%
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.
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Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
Click Epic to jump to share: LSE:BARC Barclays** **LSE:BP. BP PLC** **LSE:CAR Carclo** **LSE:CBX Cellular Goods** **LSE:DDDD 4D Pharma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **
Updated charts published on : Barclays, BP PLC, Carclo, Cellular Goods, 4D Pharma, HSBC, British Airways,
LSE:BARC Barclays. Close Mid-Price: 175.02 Percentage Change: + 0.06% Day High: 178.26 Day Low: 174.26
Ongoing weakness below 174 should hopefully bounce from 169p. If broken, s ……..
LSE:BP. BP PLC. Close Mid-Price: 308.8 Percentage Change: + 1.68% Day High: 313.25 Day Low: 305.3
Further movement against BP PLC ABOVE 313.25 should improve acceleration ……..
LSE:CAR Carclo Close Mid-Price: 34.8 Percentage Change: -5.95% Day High: 36.1 Day Low: 34
Weakness on Carclo below 34 will invariably lead to 33 with secondary (if ……..
LSE:CBX Cellular Goods Close Mid-Price: 5.6 Percentage Change: -2.61% Day High: 5.72 Day Low: 5.65
Target met. Continued weakness against CBX taking the price below 5.65 ca ……..
LSE:DDDD 4D Pharma. Close Mid-Price: 69 Percentage Change: + 5.34% Day High: 70.6 Day Low: 63
If 4D Pharma experiences continued weakness below 63, it will invariably ……..
LSE:HSBA HSBC Close Mid-Price: 359.75 Percentage Change: -0.54% Day High: 367.75 Day Low: 358.45
If HSBC experiences continued weakness below 358.45, it will invariably l ……..
LSE:IAG British Airways. Close Mid-Price: 171.3 Percentage Change: + 3.08% Day High: 177.74 Day Low: 168.2
Target met. All British Airways needs are mid-price trades ABOVE 177.74 ……..
*** End of “Updated Today” comments on shares.
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