#CAC40 #DOW News of the death of an old friend produced surprise levels of personal indifference. I hadn’t known he was ill, lost track of him totally, and hadn’t thought of him for years. Yet we were once good friends, socialising together, skiing every weekend in Scotland, driving down to France for ski breaks at the drop of a hat. The problem had been my signature as guarantor for an overdraft, similar to how Amigo operate for loans.
Long story short, the bloke was better at spending money from his business than making it. But, as is said, he “talked a good game” and when everything came home to roost, his bank manager (very apologetically, it must be said) reminded of the document I’d signed a couple of years previously and could they be repaid a five figure sum. The culprit, now officially bankrupt, repeatedly promised repayment of my loss, once he got himself sorted. Years passed, we kept in touch, he was making a success of a new career and visibly doing well. When I asked when he would start repaying my loss, he effectively vanished (in a fully restored, original Lotus Elan) and I never saw him again.
To be honest, roughly once a year, I’d make a small effort to track him down and drop a line, reminding him of his firm promise. He’d immediately leave whatever job he was doing and vanish again. Eventually, the exercise became boring and the memory slipped away. News of his recent death, at best, provoked a shrug. By going guarantor for him 20+ years ago, events since taught of the dangers of being ‘the good guy’. In fact, the only time in recent years the memory resurfaced was when Amigo were advertising on telly; “Yes, we’ll give you the money. Just get a guarantor…”
When we previously reviewed Amigo, our demand was the share price exceed 30p as this should provoke some upward travel. Needless to say, the price utterly failed in reaching this trigger level, instead falling into the depths of despair. Our “ultimate bottom” calculation works out at 5p, a number which has remained untroubled. Perhaps some hope remains for share price gains.
The immediate situation allows movement above 14.1p to trigger price recovery to an initial 16.1p. As the chart shows, this implies a donk against the ruling downtrend in Blue, a line dating back to 2019. If bettered, our secondary works out at 19.4p. While the visuals suggest such growth could become game changing, we shall only take an interest if the price somehow manages to close a session above 19p. A scenario such as this will require a fast revisit to our numbers as there’s becomes the “threat” of the share making some truly irrational gains.
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FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:42:28PM | BRENT | 77.93 | |||||||||
| 9:44:15PM | GOLD | 1726.11 | |||||||||
| 9:46:51PM | FTSE | 7107.89 | ‘cess | ||||||||
| 9:48:50PM | FRANCE | 6551 | 6534 | 6524 | 6502 | 6564 | 6590 | 6600 | 6622 | 6560 | |
| 9:50:39PM | GERMANY | 15363 | |||||||||
| 9:52:20PM | US500 | 4368.52 | |||||||||
| 9:54:26PM | DOW | 34454 | 34294 | 34242.5 | 34128 | 34470 | 34586 | 34659 | 34790 | 34416 | Shambles |
| 10:03:18PM | NASDAQ | 14777 | Shambles | ||||||||
| 10:05:33PM | JAPAN | 29725 | Success |
29/09/2021 FTSE Closed at 7108 points. Change of 1.14%. Total value traded through LSE was: £ 5,930,956,235 a change of -17.13%
28/09/2021 FTSE Closed at 7028 points. Change of -0.5%. Total value traded through LSE was: £ 7,157,189,596 a change of 15.93%
27/09/2021 FTSE Closed at 7063 points. Change of 0.17%. Total value traded through LSE was: £ 6,173,668,955 a change of 22.77%
24/09/2021 FTSE Closed at 7051 points. Change of -0.38%. Total value traded through LSE was: £ 5,028,502,526 a change of -6.23%
23/09/2021 FTSE Closed at 7078 points. Change of -0.07%. Total value traded through LSE was: £ 5,362,462,206 a change of 4.68%
22/09/2021 FTSE Closed at 7083 points. Change of 1.48%. Total value traded through LSE was: £ 5,122,671,663 a change of -18.56%
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%
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:DDDD 4D Pharma** **LSE:GENL Genel** **LSE:GLEN Glencore Xstra** **LSE:IAG British Airways** **LSE:MKS Marks and Spencer** **LSE:MRW Morrisons** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:POLY Polymetal** **LSE:RBD Reabold Resources PLC** **LSE:RMG Royal Mail** **LSE:SDY Speedyhire** **
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Updated charts published on : 4D Pharma, Genel, Glencore Xstra, British Airways, Marks and Spencer, Morrisons, National Glib, Natwest, Polymetal, Reabold Resources PLC, Royal Mail, Speedyhire,
LSE:DDDD 4D Pharma Close Mid-Price: 60.6 Percentage Change: -5.31% Day High: 63.8 Day Low: 59.9
Continued weakness against DDDD taking the price below 59.9 calculates as ……..
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View Previous 4D Pharma & Big Picture ***
LSE:GENL Genel. Close Mid-Price: 140.2 Percentage Change: + 7.35% Day High: 139.8 Day Low: 128
This is becoming interesting. Above 141 now suggests the potential of move ……..
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View Previous Genel & Big Picture ***
LSE:GLEN Glencore Xstra. Close Mid-Price: 347.8 Percentage Change: + 1.03% Day High: 352 Day Low: 342.85
Target met. In the event of Glencore Xstra enjoying further trades beyond ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 186.68 Percentage Change: + 2.57% Day High: 186.5 Day Low: 182.08
Further movement against British Airways ABOVE 186.5 should improve acce ……..
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View Previous British Airways & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 190.5 Percentage Change: + 0.53% Day High: 194.75 Day Low: 188.75
Target met. In the event of Marks and Spencer enjoying further trades bey ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:MRW Morrisons. Close Mid-Price: 296 Percentage Change: + 1.37% Day High: 297 Day Low: 291.6
Continued trades against MRW with a mid-price ABOVE 297 should improve th ……..
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View Previous Morrisons & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 898.3 Percentage Change: + 0.34% Day High: 902.7 Day Low: 889.9
Weakness on National Glib below 889.9 will invariably lead to 887 with se ……..
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View Previous National Glib & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 224.5 Percentage Change: + 1.54% Day High: 225.5 Day Low: 220.8
Target met. In the event of Natwest enjoying further trades beyond 225.5, ……..
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View Previous Natwest & Big Picture ***
LSE:POLY Polymetal Close Mid-Price: 1233 Percentage Change: -1.64% Day High: 1272.5 Day Low: 1230.5
In the event Polymetal experiences weakness below 1230.5 it calculates wi ……..
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View Previous Polymetal & Big Picture ***
LSE:RBD Reabold Resources PLC Close Mid-Price: 0.19 Percentage Change: -7.32% Day High: 0.2 Day Low: 0.19
Continued weakness against RBD taking the price below 0.19 calculates as ……..
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View Previous Reabold Resources PLC & Big Picture ***
LSE:RMG Royal Mail Close Mid-Price: 437 Percentage Change: -8.81% Day High: 461 Day Low: 436.3
Target met. In the event Royal Mail experiences weakness below 436.3 it c ……..
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View Previous Royal Mail & Big Picture ***
LSE:SDY Speedyhire Close Mid-Price: 64.6 Percentage Change: -2.12% Day High: 66.9 Day Low: 65
If Speedyhire experiences continued weakness below 65, it will invariably ……..
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View Previous Speedyhire & Big Picture ***