#Gold #Nasdaq It’s a bit of a surprise seeing Darktrace LON.DARK joining the FTSE 100 so quickly following their launch. Perhaps doubly so, due to the company shares being under a ‘No Sell’ moratorium for those who bought at the launch, when they were just 250p. Currently at 681p, the moratorium expires on Wednesday this week, when there will doubtless be frenetic activity to take some profit, if only due to price movements in the last week.
Of course, matters have not been helped, perhaps a suspicion their 4x rise in six months was perhaps optimistic. A firm of city brokers issued a note to the media, entitled “Reality Check”, warning of a disconnect between the company value and its growth prospects. The note also, perhaps spitefully, mentioned some clients of Darktrace describe their technology as “snake oil”. While this sort of thing may often be justified, especially in a marketplace where buzzwords like “crypto”, “game theory” and “blockchain” are used to conceal the salient detail a product is overhyped nonsense, the pedigree of the folk behind Darktrace should give pause for thought. After all, with security specialists escaping from GCHQ counted among the brains, some respect for the company should be justified.
The big question is how low should the share price be expected to fall, should there be a rush to ‘take profit’ this week?
If we extrapolate on the company share price behaviour since June, the immediate situation suggests weakness below 668p should permit reversal down to an initial 574p. Should such a level break, bottom should hopefully occur at 511p, providing a bounce and still producing a ‘nice little earner’ for those initial investors who retain their shares. We can predict a pretty nasty problem, should the company share price close a session below 511p. In such an event, continued reversal will enjoy a “Big Picture narrative, justifying travel down to 268p, virtually a break even level for initial investors.
This price becomes extremely dangerous, obviously psychologically capable of providing a bounce but unfortunately, also residing in a movement cycle where the Big Picture calculates with an ultimate bottom down at 116p. We cannot calculate below such a level and, to be fair, it’s difficult to imagine such a recently listed company, a member of the FTSE 100, finding itself in such a position where its share price could experience so much damage.
Our suspicion is to anticipate 511p making an appearance sometime soon. Currently, the share needs better 800p to escape this misery.
Yet again, massive thanks to those who find adverts on this page sufficiently useful to visit. The income keeps us awash with coffee!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:28:25PM | BRENT | 84.42 | ‘cess | ||||||||
| 10:30:28PM | GOLD | 1793.33 | 1779 | 1772 | 1764 | 1788 | 1796 | 1799 | 1807 | 1785 | |
| 10:31:50PM | FTSE | 7302.87 | ‘cess | ||||||||
| 10:33:41PM | FRANCE | 6905.8 | ‘cess | ||||||||
| 10:35:37PM | GERMANY | 15819.62 | |||||||||
| 10:37:44PM | US500 | 4612.82 | ‘cess | ||||||||
| 10:40:09PM | DOW | 35912 | ‘cess | ||||||||
| 10:41:49PM | NASDAQ | 15901 | 15778 | 15742.5 | 15687 | 15880 | 15907 | 15932.5 | 15984 | 15857 | |
| 10:43:52PM | JAPAN | 29532 | Success |
1/11/2021 FTSE Closed at 7288 points. Change of 0.7%. Total value traded through LSE was: £ 4,505,252,834 a change of -24.3%
29/10/2021 FTSE Closed at 7237 points. Change of -0.17%. Total value traded through LSE was: £ 5,951,106,978 a change of 27.04%
28/10/2021 FTSE Closed at 7249 points. Change of -0.06%. Total value traded through LSE was: £ 4,684,429,352 a change of -6.92%
27/10/2021 FTSE Closed at 7253 points. Change of -0.33%. Total value traded through LSE was: £ 5,032,708,114 a change of -16.48%
26/10/2021 FTSE Closed at 7277 points. Change of 0.76%. Total value traded through LSE was: £ 6,025,954,185 a change of 32.49%
25/10/2021 FTSE Closed at 7222 points. Change of 0.25%. Total value traded through LSE was: £ 4,548,373,792 a change of -2.6%
22/10/2021 FTSE Closed at 7204 points. Change of 0.19%. Total value traded through LSE was: £ 4,669,794,204 a change of -12.27%
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:AFC AFC Energy** **LSE:DGE Diageo** **LSE:EXPN Experian** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:ITM ITM Power** **LSE:LLOY Lloyds Grp.** **LSE:ODX Omega Diags** **LSE:STAN Standard Chartered** **LSE:TLW Tullow** **
********
Updated charts published on : AFC Energy, Diageo, Experian, Intercontinental Hotels Group, International Personal Finance, ITM Power, Lloyds Grp., Omega Diags, Standard Chartered, Tullow,
LSE:AFC AFC Energy. Close Mid-Price: 64.6 Percentage Change: + 7.13% Day High: 65.3 Day Low: 59
All AFC Energy needs are mid-price trades ABOVE 65.3 to improve accelerat ……..
</p
View Previous AFC Energy & Big Picture ***
LSE:DGE Diageo. Close Mid-Price: 3656.5 Percentage Change: + 0.67% Day High: 3668 Day Low: 3633.5
Further movement against Diageo ABOVE 3668 should improve acceleration to ……..
</p
View Previous Diageo & Big Picture ***
LSE:EXPN Experian. Close Mid-Price: 3384 Percentage Change: + 1.11% Day High: 3401 Day Low: 3330
Continued trades against EXPN with a mid-price ABOVE 3401 should improve ……..
</p
View Previous Experian & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5188 Percentage Change: + 1.37% Day High: 5202 Day Low: 5136
Further movement against Intercontinental Hotels Group ABOVE 5202 should ……..
</p
View Previous Intercontinental Hotels Group & Big Picture ***
LSE:IPF International Personal Finance. Close Mid-Price: 129.8 Percentage Change: + 1.88% Day High: 133.6 Day Low: 122.8
Weakness on International Personal Finance below 122.8 will invariably le ……..
</p
View Previous International Personal Finance & Big Picture ***
LSE:ITM ITM Power. Close Mid-Price: 509.5 Percentage Change: + 4.19% Day High: 515 Day Low: 486.4
Continued trades against ITM with a mid-price ABOVE 515 should improve th ……..
</p
View Previous ITM Power & Big Picture ***
LSE:LLOY Lloyds Grp.. Close Mid-Price: 51.11 Percentage Change: + 1.77% Day High: 51.3 Day Low: 50.78
Further movement against Lloyds Grp. ABOVE 51.3 should improve accelerati ……..
</p
View Previous Lloyds Grp. & Big Picture ***
LSE:ODX Omega Diags. Close Mid-Price: 51.5 Percentage Change: + 4.04% Day High: 56 Day Low: 50.5
Now faintly hopeful, movement above ^ 52 should bring recovery to an initi ……..
</p
View Previous Omega Diags & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 505.8 Percentage Change: + 2.20% Day High: 510.2 Day Low: 494.3
Target met. In the event of Standard Chartered enjoying further trades be ……..
</p
View Previous Standard Chartered & Big Picture ***
LSE:TLW Tullow. Close Mid-Price: 46.29 Percentage Change: + 0.70% Day High: 46.36 Day Low: 44.86
In the event Tullow experiences weakness below 44.86 it calculates with a ……..
</p
View Previous Tullow & Big Picture ***