#Gold #CAC40 We’ve never been entirely comfortable we understand where “ratings” actually come for, when shares are being discussed. Genedrive is a case in point, currently assigned with a “Strong Buy” technical rating. We opted to poke around and there’s the usual nonsense, references to Upward Channels, discussion about Moving Averages, along with inevitable comments from true believers, deciding it’s a buy no matter what.
The reason we’re somewhat flippant is simple. The share price has achieved a high of 74.75 and closed a session at 63p. As the chart for the last year highlights, the price is now above the immediate downtrend and also is trading higher than at any point since June. We’re great fans of Higher Highs and feel a chart, unadorned with colourful technical indicators, should be give sufficient information to those who fail to understand technical indicators. We’ve shown two identical charts below, the upper one focussed on the level at which the share price closed. The lower one is decorated with colourful candles and the important thing is straightforward. Both charts give an impression of a share price which looks very capable of future gains for this established molecular diagnostics company.
Near term, above 68p now looks capable of further price recovery to an initial 81p with secondary, if bettered, at 92p. Our secondary is an important point, a level where the share price requires close to enter quite a different cycle of price movements. Long story short, closure above 92p allows an initial 123p with secondary, if bettered, a distant looking 160p.
Strictly speaking, if everything intends go pear shaped, the share price requires below 33p to justify panic. This obviously gives a heck of a lot of wriggle room for the price in the months ahead and unfortunately, the earliest warning looks like it shall come if the price closes a session below 41p.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:40:48PM | BRENT | 75.95 | |||||||||
| 9:42:53PM | GOLD | 1785.78 | 1779 | 1775 | 1769 | 1787 | 1793 | 1796 | 1804 | 1781 | ‘cess |
| 9:44:35PM | FTSE | 7347.84 | ‘cess | ||||||||
| 9:46:43PM | FRANCE | 7028 | 7010 | 6987 | 6947 | 7050 | 7107 | 7135 | 7205 | 7027 | ‘cess |
| 9:49:10PM | GERMANY | 15721 | |||||||||
| 9:53:03PM | US500 | 4701.02 | ‘cess | ||||||||
| 9:55:16PM | DOW | 35760 | ‘cess | ||||||||
| 10:01:19PM | NASDAQ | 16384.84 | |||||||||
| 10:03:37PM | JAPAN | 28880 | ‘cess |
8/12/2021 FTSE Closed at 7337 points. Change of -0.04%. Total value traded through LSE was: £ 6,146,296,986 a change of 1.35%
7/12/2021 FTSE Closed at 7340 points. Change of 1.49%. Total value traded through LSE was: £ 6,064,412,188 a change of 23.32%
6/12/2021 FTSE Closed at 7232 points. Change of 1.54%. Total value traded through LSE was: £ 4,917,455,192 a change of -4.51%
3/12/2021 FTSE Closed at 7122 points. Change of -0.1%. Total value traded through LSE was: £ 5,149,568,407 a change of -8.34%
2/12/2021 FTSE Closed at 7129 points. Change of -0.54%. Total value traded through LSE was: £ 5,618,064,136 a change of -12.19%
1/12/2021 FTSE Closed at 7168 points. Change of 1.54%. Total value traded through LSE was: £ 6,397,928,527 a change of -42.03%
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%
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:BDEV Barrett Devs** **LSE:DARK Darktrace Plc** **LSE:DGE Diageo** **LSE:EXPN Experian** **LSE:LLOY Lloyds Grp.** **LSE:NG. National Glib** **LSE:OXIG Oxford Instruments** **LSE:QFI Quadrise** **LSE:RKH Rockhopper** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:ZOO Zoo Digital** **
********
Updated charts published on : Barrett Devs, Darktrace Plc, Diageo, Experian, Lloyds Grp., National Glib, Oxford Instruments, Quadrise, Rockhopper, Tesco, Taylor Wimpey, Zoo Digital,
LSE:BDEV Barrett Devs. Close Mid-Price: 741 Percentage Change: + 1.23% Day High: 749.2 Day Low: 732.6
Continued trades against BDEV with a mid-price ABOVE 749.2 should improve ……..
</p
View Previous Barrett Devs & Big Picture ***
LSE:DARK Darktrace Plc Close Mid-Price: 409.8 Percentage Change: -4.48% Day High: 434 Day Low: 405.6
Target met. Weakness on Darktrace Plc below 405.6 will invariably lead to ……..
</p
View Previous Darktrace Plc & Big Picture ***
LSE:DGE Diageo Close Mid-Price: 3976.5 Percentage Change: -0.98% Day High: 4051 Day Low: 3969.5
In the event of Diageo enjoying further trades beyond 4051, the share sho ……..
</p
View Previous Diageo & Big Picture ***
LSE:EXPN Experian. Close Mid-Price: 3607 Percentage Change: + 0.14% Day High: 3671 Day Low: 3585
Target met. Further movement against Experian ABOVE 3671 should improve a ……..
</p
View Previous Experian & Big Picture ***
LSE:LLOY Lloyds Grp. Close Mid-Price: 47.37 Percentage Change: -0.25% Day High: 47.87 Day Low: 46.71
In the event of Lloyds Grp. enjoying further trades beyond 47.87, the sha ……..
</p
View Previous Lloyds Grp. & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 1038 Percentage Change: + 0.97% Day High: 1045 Day Low: 1029.8
Target met. Further movement against National Glib ABOVE 1045 should impr ……..
</p
View Previous National Glib & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2435 Percentage Change: + 0.00% Day High: 2480 Day Low: 2405
In the event of Oxford Instruments enjoying further trades beyond 2480, t ……..
</p
View Previous Oxford Instruments & Big Picture ***
LSE:QFI Quadrise Close Mid-Price: 2.25 Percentage Change: -14.29% Day High: 0 Day Low: 0
In the event Quadrise experiences weakness below 2.3 it calculates with a ……..
</p
View Previous Quadrise & Big Picture ***
LSE:RKH Rockhopper. Close Mid-Price: 6.21 Percentage Change: + 19.42% Day High: 6.94 Day Low: 6
Further movement against Rockhopper ABOVE 6.94 should improve acceleratio ……..
</p
View Previous Rockhopper & Big Picture ***
LSE:TSCO Tesco Close Mid-Price: 282.75 Percentage Change: -0.55% Day High: 286.5 Day Low: 282.4
All Tesco needs are mid-price trades ABOVE 286.5 to improve acceleration ……..
</p
View Previous Tesco & Big Picture ***
LSE:TW. Taylor Wimpey. Close Mid-Price: 169.3 Percentage Change: + 0.89% Day High: 170.95 Day Low: 166.85
Target met. Continued trades against TW. with a mid-price ABOVE 170.95 sh ……..
</p
View Previous Taylor Wimpey & Big Picture ***
LSE:ZOO Zoo Digital Close Mid-Price: 117.5 Percentage Change: -0.84% Day High: 118.5 Day Low: 116.5
Weakness on Zoo Digital below 116.5 will invariably lead to 118.5, it wil ……..
</p
View Previous Zoo Digital & Big Picture ***