#Gold #SP500_futures When we previously reviewed Rockhopper back at the start of 2019, we’d warned of some pretty nasty consequences if our reversal trigger was troubled. In true lethargic style, it took until August until everything went wrong, the price celebrating the end of the year by hitting our 15p drop target. A miracle bounce brought the start of 2020, then Covid hit the markets and sanity left the building.
We’re not entirely convinced sanity is returning but “something” is certainly going on with Rockhopper, the price showing a series of interesting movements this month and better still, has managed to actually close a session above the immediate downtrend (see chart insert). Presently trading around 8.2p, the share need only exceed Monday 13th’s 9p high to hopefully garnish sufficient strength to reach an initial 10.6p. Our secondary, if such a level is exceeded, works out at 12.7p but visually there’s some pretty strong reasons to anticipate some hesitation around the 10.6p level. If we glance at the chart, the last two years has seen Rockhopper develop an unhealthy fascination just above the 10p mark, resulting in a possibility the glass ceiling shall again intrude.
Of course, this could be due to a plethora of private investors selling at break-even, folk who previously jumped in at the 10p level, only to find their funds taking a protracted holiday in the Falkland Basin…
We’re equally curious whether the share price shall exhibit something vanishingly rare recently, exuberant behaviour following a GaGa movement. The two circled areas of the chart highlight Gap Down/Gap Up behaviour. It used to be the case spotting a GaGa provided an almost cast iron case for solid movement of considerable strength. In the case of Rockhopper, if we extrapolate the implied strength from this pattern of price shuffles, the implication is a suggestion of coming recovery to an improbable looking 16.5p. We’re more than a little sceptical at this, quite literal, share price doubling calculation.
However, there is yet a further aspect to Rockhoppers price movements we’ve avoided. Two years ago, when we gave a reversal target level of 15p, we warned, should this level break, we could only calculate an ultimate bottom of 0.6p. Thankfully, the share hasn’t come close to this level, its relentless drop eventually deciding to bottom at 4p. At this point in time, while there’s not been any spectacular recovery, the fact our “ultimate bottom” remained untroubled tends imply some residual strength for the share price. That particular calculation is thankfully no longer valid, due to the share managing to close a session above the Blue downtrend.
At this point, we generally would finish with a festive worst case scenario, an early warning if everything intended go horribly wrong. About the only sensible comment we dare make would be to warn of consequences, if the price managed to close a session below just 7p. Such movement would utterly foul all our calculations!
Finally, as is our habit, we scanned the news in an effort to discover the reason for Rockhoppers suddenly positive attitude to life. Google News revealed quite a few recent mentions, including a company called Navitas Petroleum joining them as a partner in the Falklands. In addition, their CFO is stepping down. Perhaps something solid is finally happening.
Our thanks to the kind folk who effectively buy us a coffee by visiting a fascinating advert on this page. A morning latte has become essential!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:48:11PM | BRENT | 74.28 | |||||||||
| 9:50:11PM | GOLD | 1787.38 | 1781 | 1778 | 1774 | 1789 | 1792 | 1796 | 1805 | 1781 | |
| 9:53:09PM | FTSE | 7254.32 | ‘cess | ||||||||
| 9:55:41PM | FRANCE | 6958.5 | Shambles | ||||||||
| 10:11:08PM | GERMANY | 15625.55 | Success | ||||||||
| 10:23:49PM | US500 | 4673.97 | 4665 | 4641 | 4611 | 4696 | 4708 | 4730 | 4753 | 4670 | Success |
| 10:25:40PM | DOW | 35678 | Success | ||||||||
| 10:27:30PM | NASDAQ | 16098 | ‘cess | ||||||||
| 10:29:38PM | JAPAN | 28462 | Shambles |
13/12/2021 FTSE Closed at 7231 points. Change of -0.82%. Total value traded through LSE was: £ 5,748,563,220 a change of 23.93%
10/12/2021 FTSE Closed at 7291 points. Change of -0.41%. Total value traded through LSE was: £ 4,638,576,552 a change of -14.79%
9/12/2021 FTSE Closed at 7321 points. Change of -0.22%. Total value traded through LSE was: £ 5,443,441,871 a change of -11.44%
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%
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:AGM Applied Graphene** **LSE:AML Aston Martin** **LSE:BLOE Block Energy PLC** **LSE:CEY Centamin** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DARK Darktrace Plc** **LSE:DDDD 4D Pharma** **LSE:FOXT Foxtons** **LSE:GENL Genel** **LSE:IGAS Igas Energy** **LSE:IQE IQE** **LSE:ITRK Intertek** **LSE:LLOY Lloyds Grp.** **LSE:NG. National Glib** **LSE:POLY Polymetal** **LSE:RBD Reabold Resources PLC** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **
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Updated charts published on : AFC Energy, Applied Graphene, Aston Martin, Block Energy PLC, Centamin, Centrica, Capita, Darktrace Plc, 4D Pharma, Foxtons, Genel, Igas Energy, IQE, Intertek, Lloyds Grp., National Glib, Polymetal, Reabold Resources PLC, Rockhopper, Rolls Royce, Sainsbury,
LSE:AFC AFC Energy Close Mid-Price: 46.4 Percentage Change: -4.03% Day High: 48.2 Day Low: 46
If AFC Energy experiences continued weakness below 46, it will invariably ……..
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View Previous AFC Energy & Big Picture ***
LSE:AGM Applied Graphene Close Mid-Price: 24 Percentage Change: -4.76% Day High: 25 Day Low: 23.5
Weakness on Applied Graphene below 23.5 will invariably lead to 20.75 nex ……..
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View Previous Applied Graphene & Big Picture ***
LSE:AML Aston Martin Close Mid-Price: 1230.5 Percentage Change: -4.87% Day High: 1301 Day Low: 1231
Target met. If Aston Martin experiences continued weakness below 1231, it ……..
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View Previous Aston Martin & Big Picture ***
LSE:BLOE Block Energy PLC Close Mid-Price: 0.88 Percentage Change: -5.41% Day High: 0.92 Day Low: 0.82
If Block Energy PLC experiences continued weakness below 0.82, it will in ……..
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View Previous Block Energy PLC & Big Picture ***
LSE:CEY Centamin Close Mid-Price: 83.36 Percentage Change: -2.78% Day High: 86.56 Day Low: 82.98
Weakness on Centamin below 82.98 will invariably lead to 79 with secondar ……..
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View Previous Centamin & Big Picture ***
LSE:CNA Centrica Close Mid-Price: 67 Percentage Change: -1.12% Day High: 67.7 Day Low: 66.66
All Centrica needs are mid-price trades ABOVE 67.7 to improve acceleratio ……..
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View Previous Centrica & Big Picture ***
LSE:CPI Capita Close Mid-Price: 36.76 Percentage Change: -18.67% Day High: 44.37 Day Low: 34.49
In the event Capita experiences weakness below 34.49 it calculates with a ……..
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View Previous Capita & Big Picture ***
LSE:DARK Darktrace Plc Close Mid-Price: 391.8 Percentage Change: -1.31% Day High: 406.8 Day Low: 390.4
Target met. Continued weakness against DARK taking the price below 390.4 ……..
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View Previous Darktrace Plc & Big Picture ***
LSE:DDDD 4D Pharma Close Mid-Price: 57.2 Percentage Change: -3.70% Day High: 64.6 Day Low: 56.2
If 4D Pharma experiences continued weakness below 56.2, it will invariabl ……..
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View Previous 4D Pharma & Big Picture ***
LSE:FOXT Foxtons Close Mid-Price: 39.15 Percentage Change: -4.04% Day High: 41.45 Day Low: 38.7
Continued weakness against FOXT taking the price below 38.7 calculates as ……..
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View Previous Foxtons & Big Picture ***
LSE:GENL Genel Close Mid-Price: 121 Percentage Change: -3.20% Day High: 127.6 Day Low: 121
In the event Genel experiences weakness below 121 it calculates with a dr ……..
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View Previous Genel & Big Picture ***
LSE:IGAS Igas Energy Close Mid-Price: 13 Percentage Change: -6.64% Day High: 14 Day Low: 13.1
In the event Igas Energy experiences weakness below 13.1 it calculates wi ……..
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View Previous Igas Energy & Big Picture ***
LSE:IQE IQE Close Mid-Price: 32.5 Percentage Change: -3.56% Day High: 34.25 Day Low: 32.4
If IQE experiences continued weakness below 32.4, it will invariably lead ……..
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View Previous IQE & Big Picture ***
LSE:ITRK Intertek. Close Mid-Price: 5750 Percentage Change: + 0.67% Day High: 5824 Day Low: 5706
Further movement against Intertek ABOVE 5824 should improve acceleration ……..
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View Previous Intertek & Big Picture ***
LSE:LLOY Lloyds Grp. Close Mid-Price: 44.35 Percentage Change: -4.28% Day High: 46.33 Day Low: 44.3
Target met. Weakness on Lloyds Grp. below 44.3 will invariably lead to 43 ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 1051 Percentage Change: + 0.02% Day High: 1053.4 Day Low: 1043.8
All National Glib needs are mid-price trades ABOVE 1053.4 to improve acce ……..
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View Previous National Glib & Big Picture ***
LSE:POLY Polymetal Close Mid-Price: 1290.5 Percentage Change: -2.79% Day High: 1331.5 Day Low: 1289
In the event Polymetal experiences weakness below 1289 it calculates with ……..
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View Previous Polymetal & Big Picture ***
LSE:RBD Reabold Resources PLC Close Mid-Price: 0.1 Percentage Change: -8.70% Day High: 0.12 Day Low: 0.1
Target met. If Reabold Resources PLC experiences continued weakness below ……..
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View Previous Reabold Resources PLC & Big Picture ***
LSE:RKH Rockhopper. Close Mid-Price: 8.19 Percentage Change: + 1.11% Day High: 9 Day Low: 7.75
In the event of Rockhopper enjoying further trades beyond 9p, the share s ……..
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View Previous Rockhopper & Big Picture ***
LSE:RR. Rolls Royce Close Mid-Price: 116.94 Percentage Change: -4.77% Day High: 123.12 Day Low: 116.38
If Rolls Royce experiences continued weakness below 116.38, it will invar ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SBRY Sainsbury Close Mid-Price: 272.1 Percentage Change: -1.13% Day High: 275.5 Day Low: 270.3
Continued weakness against SBRY taking the price below 270.3 calculates a ……..
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View Previous Sainsbury & Big Picture ***