When will Cellular Goods ball come back into play?

#FTSE #CAC40 We previously reviewed Cellular Goods a couple of weeks ago, the share price taking just 4 sessions to reach our initial target 7p. But then, despite exceeding the 7p level with an early lunge to 8.4p, the price has studiously avoided our secondary of 9.1p. To be honest, we’re not terribly concerned, the company website continuing to show updates with launch dates given. In fairness, exceeding our 7p target and swelling to 8.4p is being regarded as a good thing, ideally a sign of the future.

After all, it’s rare for a price to simply keep moving in a single direction. If that were the case, the market would be no fun, would it?

For now, we suspect the number to watch is around 7.675p, this being the level the share price needs exceed currently to exceed the Blue downtrend on the chart. An event such as this apparently calculates with the potential of further movement to 8.65p next. Our ‘longer term’ secondary is debateable, thanks to an absurd logic we employ in-house. Essentially, if the recent surge to 8.4p was “simply” our 7p target being exceeded, we should now give 10.6p as a viable secondary. However, if the surge to 8.4p indicated the share lacking strength to reach 9.1p, then 9.1p must be regarded as the next target. The scenario is a bit of a head-scratcher but, in the absence of negative news flow, we remain optimistic.

 

As always, there’s another side of the coin. Presently trading around 6.9p, the share needs weaken below 5.8p to give pause for concern  This is not an enjoyable picture, introducing the threat of ongoing weakness to 4.8p and a new low.

Hey, chart goes here

 

Yet again, our thanks to those who find adverts on this page fascinating and informative. It buys the coffee

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:14:32PM BRENT 83.1 ‘cess
11:21:38PM GOLD 1760.43 Success
11:23:11PM FTSE 7128 7101 7092 7074 7132 7148 7167.5 7204 7101
11:25:07PM FRANCE 6546 6499 6488 6462 6567 6566 6579 6611 6540 ‘cess
11:26:57PM GERMANY 15142.88
11:29:05PM US500 4340
11:30:50PM DOW 34335.8
11:32:33PM NASDAQ 14618.6

 

12/10/2021 FTSE Closed at 7130 points. Change of -0.22%. Total value traded through LSE was: £ 5,733,075,032 a change of 19.23%
11/10/2021 FTSE Closed at 7146 points. Change of 0.72%. Total value traded through LSE was: £ 4,808,445,394 a change of -16.31%
9/10/2021 FTSE Closed at 7095 points. Change of 0%. Total value traded through LSE was: £ 5,745,415,827 a change of -6.11%
8/10/2021 FTSE Closed at 7095 points. Change of 0.24%. Total value traded through LSE was: £ 6,119,595,465 a change of 8.49%
7/10/2021 FTSE Closed at 7078 points. Change of 1.19%. Total value traded through LSE was: £ 5,640,729,699 a change of -17.12%
6/10/2021 FTSE Closed at 6995 points. Change of -1.16%. Total value traded through LSE was: £ 6,806,025,968 a change of 27.41%
5/10/2021 FTSE Closed at 7077 points. Change of 0.94%. Total value traded through LSE was: £ 5,341,866,967 a change of -12.71%

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:ASC Asos** **LSE:AVCT Avacta** **LSE:CBX Cellular Goods** **LSE:EME Empyrean** **LSE:GLEN Glencore Xstra** **LSE:ITV ITV** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:VOD Vodafone** **LSE:VOG VICTORIA** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Asos, Avacta, Cellular Goods, Empyrean, Glencore Xstra, ITV, Spirax, Serco, Vodafone, VICTORIA, Zoo Digital,

LSE:ASC Asos Close Mid-Price: 2377 Percentage Change: -1.29% Day High: 2423 Day Low: 2266

Continued weakness against ASC taking the price below 2266 calculates as ……..

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View Previous Asos & Big Picture ***

LSE:AVCT Avacta Close Mid-Price: 107 Percentage Change: -3.60% Day High: 109.5 Day Low: 106

Below 95.3 now looks like a trigger level for danger, allowing weakness to ……..

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View Previous Avacta & Big Picture ***

LSE:CBX Cellular Goods. Close Mid-Price: 6.88 Percentage Change: + 0.36% Day High: 6.88 Day Low: 6.69

If Cellular Goods experiences continued weakness below 6.69, it will inva ……..

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View Previous Cellular Goods & Big Picture ***

LSE:EME Empyrean. Close Mid-Price: 8.9 Percentage Change: + 3.49% Day High: 9.05 Day Low: 8.25

In the event of Empyrean enjoying further trades beyond 9.05, the share s ……..

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View Previous Empyrean & Big Picture ***

LSE:GLEN Glencore Xstra. Close Mid-Price: 371 Percentage Change: + 1.09% Day High: 371.8 Day Low: 360.65

All Glencore Xstra needs are mid-price trades ABOVE 371.8 to improve acce ……..

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View Previous Glencore Xstra & Big Picture ***

LSE:ITV ITV Close Mid-Price: 102.6 Percentage Change: -1.49% Day High: 103.9 Day Low: 102.6

Continued weakness against ITV taking the price below 102.6 calculates as ……..

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View Previous ITV & Big Picture ***

LSE:SPX Spirax. Close Mid-Price: 14525 Percentage Change: + 0.55% Day High: 14530 Day Low: 14170

Target met. Weakness on Spirax below 14170 will invariably lead to 13986 ……..

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View Previous Spirax & Big Picture ***

LSE:SRP Serco Close Mid-Price: 124.5 Percentage Change: -1.43% Day High: 126.5 Day Low: 124.3

Target met. Continued weakness against SRP taking the price below 124.3 c ……..

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View Previous Serco & Big Picture ***

LSE:VOD Vodafone Close Mid-Price: 111.02 Percentage Change: -0.66% Day High: 111.14 Day Low: 110.1

Target met. Weakness on Vodafone below 110.1 will invariably lead to 108 ……..

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View Previous Vodafone & Big Picture ***

LSE:VOG VICTORIA. Close Mid-Price: 3.38 Percentage Change: + 3.53% Day High: 3.38 Day Low: 3.21

If VICTORIA experiences continued weakness below 3.21, it will invariably ……..

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View Previous VICTORIA & Big Picture ***

LSE:ZOO Zoo Digital. Close Mid-Price: 115.5 Percentage Change: + 1.76% Day High: 115.5 Day Low: 111.25

In the event Zoo Digital experiences weakness below 111.25 it calculates ……..

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View Previous Zoo Digital & Big Picture ***

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

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