EMAK Group, an interesting Italian

#FTSE_Futures #WallSt An unhealthy fascination with garden machinery’ would probably best describes our attitude to gardening. In our weekly trawl for companies in Europe justifying interest, Emak, a respected and well known Italian manufacturer of such outdoor toys are chainsaws, small tractors, even tracked vehicles, popped their head above the hedge of future possibilities. Trading internationally, the company claim a presence in 14 countries.

Their share price has just achieved a new, all time high, quite a big deal when viewed against the background of the Italian stock market. Closing Tuesday at 2.28€, the share price is nibbling at the edge of further considerable strength for the longer term, requiring closure above just 2.33€ to force us to regard a new cycle as beginning. In fact, even near term trades exceeding 2.37, the high of Tuesday, should give early warning for some useful traffic ahead.

 

The immediate situation looks capable of movement above 2.37€ looking capable of triggering further growth to 2.55€, If bettered, our secondary calculates at 2.79€ but perhaps more importantly, places the share in a cycle where a longer term 3.31 becomes very believable.

For everything to go horribly wrong, the share price requires weakness below 1.9 euro as this comes with the threat of reversal to an initial 1.6. If broken, we can calculate a probable bottom at 1.19€ making itself known eventually. While there are certainly solid arguments almost demanding a rebound if 1.19 ever appears, for the present our inclination is toward a positive outlook, not least because few companies are painting all time highs in current world conditions.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:40:40PM BRENT 69.14 Success
9:45:24PM GOLD 1771.26 Shambles
9:50:11PM FTSE 7081.59 7031 7000 6963 7081 7112 7124 7175 7040
9:52:34PM FRANCE 6726
10:24:19PM GERMANY 15177
10:26:03PM US500 4588.72 Success
10:28:15PM DOW 34540 34426 34350 34028 34680 35169 35287 35574 34809 Success
10:29:56PM NASDAQ 16235 Shambles
10:32:38PM JAPAN 27664 Success

 

30/11/2021 FTSE Closed at 7059 points. Change of -0.7%. Total value traded through LSE was: £ 11,036,747,551 a change of 76.98%
29/11/2021 FTSE Closed at 7109 points. Change of 0.92%. Total value traded through LSE was: £ 6,236,169,403 a change of -24.07%
26/11/2021 FTSE Closed at 7044 points. Change of -3.64%. Total value traded through LSE was: £ 8,213,079,898 a change of 119.92%
25/11/2021 FTSE Closed at 7310 points. Change of 0.33%. Total value traded through LSE was: £ 3,734,503,289 a change of -30.71%
24/11/2021 FTSE Closed at 7286 points. Change of 0.28%. Total value traded through LSE was: £ 5,389,556,678 a change of 0.75%
23/11/2021 FTSE Closed at 7266 points. Change of 0.15%. Total value traded through LSE was: £ 5,349,222,584 a change of 8.04%
22/11/2021 FTSE Closed at 7255 points. Change of 0.44%. Total value traded through LSE was: £ 4,951,055,285 a change of -23.97%

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:BBY BALFOUR BEATTY** **LSE:DARK Darktrace Plc** **LSE:ECO ECO (Atlantic) O & G** **LSE:EMG MAN** **LSE:FOXT Foxtons** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:NWG Natwest** **LSE:ODX Omega Diags** **LSE:STAN Standard Chartered** **

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Updated charts published on : BALFOUR BEATTY, Darktrace Plc, ECO (Atlantic) O & G, MAN, Foxtons, Genel, Gulf Keystone, Hikma, Hargreaves Lansdown, HSBC, Natwest, Omega Diags, Standard Chartered,

LSE:BBY BALFOUR BEATTY Close Mid-Price: 233.8 Percentage Change: -1.60% Day High: 235.8 Day Low: 230.8

Target met. In the event BALFOUR BEATTY experiences weakness below 230.8 ……..

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View Previous BALFOUR BEATTY & Big Picture ***

LSE:DARK Darktrace Plc Close Mid-Price: 460 Percentage Change: -0.43% Day High: 473 Day Low: 448.4

Weakness on Darktrace Plc below 448.4 will invariably lead to 432 with se ……..

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View Previous Darktrace Plc & Big Picture ***

LSE:ECO ECO (Atlantic) O & G Close Mid-Price: 18.75 Percentage Change: -3.85% Day High: 19.5 Day Low: 18.75

Target met. In the event ECO (Atlantic) O & G experiences weakness below ……..

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LSE:EMG MAN Close Mid-Price: 214.4 Percentage Change: -5.76% Day High: 225 Day Low: 213.3

Target met. If MAN experiences continued weakness below 213.3, it will in ……..

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LSE:FOXT Foxtons Close Mid-Price: 40.65 Percentage Change: -1.09% Day High: 40.7 Day Low: 38.8

Weakness on Foxtons below 38.8 will invariably lead to 37 with secondary ……..

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LSE:GENL Genel. Close Mid-Price: 128.8 Percentage Change: + 0.00% Day High: 130.4 Day Low: 124.2

Ongoing weakness below 124 now calculates with the potential of 114 with s ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 173.8 Percentage Change: -5.03% Day High: 185.4 Day Low: 174.8

Continued weakness against GKP taking the price below 174.8 calculates as ……..

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View Previous Gulf Keystone & Big Picture ***

LSE:HIK Hikma Close Mid-Price: 2215 Percentage Change: -0.67% Day High: 2238 Day Low: 2178

Target met. Weakness on Hikma below 2178 will invariably lead to 2121 wit ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 1337 Percentage Change: -0.34% Day High: 1349 Day Low: 1315.5

Continued weakness against HL. taking the price below 1315.5 calculates a ……..

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View Previous Hargreaves Lansdown & Big Picture ***

LSE:HSBA HSBC. Close Mid-Price: 419.35 Percentage Change: + 0.70% Day High: 422.2 Day Low: 409.85

In the event HSBC experiences weakness below 409.85 it calculates with a ……..

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View Previous HSBC & Big Picture ***

LSE:NWG Natwest. Close Mid-Price: 212.6 Percentage Change: + 1.05% Day High: 214.7 Day Low: 207.6

If Natwest experiences continued weakness below 207.6, it will invariably ……..

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View Previous Natwest & Big Picture ***

LSE:ODX Omega Diags Close Mid-Price: 22.75 Percentage Change: -10.78% Day High: 25.5 Day Low: 22.5

In the event Omega Diags experiences weakness below 22.5 it calculates wi ……..

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View Previous Omega Diags & Big Picture ***

LSE:STAN Standard Chartered. Close Mid-Price: 416.2 Percentage Change: + 0.48% Day High: 420.2 Day Low: 406.2

Weakness on Standard Chartered below 406.2 will invariably lead to 387 wh ……..

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View Previous Standard Chartered & Big Picture ***

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

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