#Gold #Nasdaq Our weekly drive to find something interesting in Europe reveals Renault currently showing some potentials. We wonder how accurate they may prove to be, given Renault are on the edge of becoming a major engine supplier to Formula One, if Mercedes opt to abandon the “sport” due to the fixed world championship against the UK’s Louis Hamilton last weekend.
Feelings are certainly running high over the shambles and we notice some bookmakers are claiming they are paying out against bets favouring Louis Hamilton being world champion. Personally, there’s no doubt he won the race, spending most of the race ahead by a substantial margin. As Hamilton himself said, in the final lap, “this is being manipulated!”. It has resulted in a situation where stories of Mercedes pulling out of “motorsport” has become a possibility and as they supply almost half the engines used, things could become pretty messy. Of course, Renault who field a team called Alpine, may find themselves in a position to step in as an engine supplier, something they previously did anyway. Whether anyone bothers watching future races will be another question entirely?
At present, Renault enjoy a share price which looks perfectly capable of some reversals. We did notice, in our trawl of rankings against some European shares, the company are listed as a “Strong Sell” with the price tending to reflect such a possibility. Presently trading at 28.6€, the share need only reverse below 28 to engage some travel down to an initial 24.1€. Should this level break, we can calculate a longer term secondary target by 18.1€, a level just before which we’d hope for a rebound. We can also mention, if passing, the share price in recent weeks exhibited a classis “GaGa” movement (circled), this Gap Up followed by a Gap Down, being one of the games played historically, prior to a fairly important share price reversal. As we mentioned recently, games such as this are proving vanishingly rare this year, making it difficult to rely on what used to be a serious Red Flag.
Currently Renault need trade above 32.3€ to give hope for genuine price recovery. Achieving such a trigger calculates with the potential of forward movement to an initial 34.2 with secondary, if bettered, a more encouraging longer term 41.6€.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:22:10PM | FTSE | 7232 | ‘cess | ||||||||
| 9:24:22PM | FRANCE | 6964 | |||||||||
| 9:28:02PM | BRENT | 74.27 | Shambles | ||||||||
| 9:30:13PM | GOLD | 1778.36 | 1768 | 1758 | 1747 | 1781 | 1781 | 1785 | 1796 | 1769 | ‘cess |
| 9:46:10PM | GERMANY | 15637 | Success | ||||||||
| 9:48:51PM | US500 | 4712.97 | ‘cess | ||||||||
| 9:52:06PM | DOW | 35947 | Shambles | ||||||||
| 9:54:33PM | NASDAQ | 16292 | 16176 | 16129 | 16071 | 16270 | 16301 | 16324 | 16517 | 16133 | Success |
| 9:57:04PM | JAPAN | 28902 | Success |
15/12/2021 FTSE Closed at 7170 points. Change of -0.67%. Total value traded through LSE was: £ 5,378,114,182 a change of 0.31%
14/12/2021 FTSE Closed at 7218 points. Change of -0.18%. Total value traded through LSE was: £ 5,361,283,608 a change of -6.74%
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%
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:AML Aston Martin** **LSE:ASC Asos** **LSE:CASP Caspian** **LSE:CBX Cellular Goods** **LSE:CEY Centamin** **LSE:DDDD 4D Pharma** **LSE:GENL Genel** **LSE:IGAS Igas Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:NG. National Glib** **LSE:OPG OPG Power Ventures** **LSE:POLY Polymetal** **LSE:RR. Rolls Royce** **LSE:SDY Speedyhire** **
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Updated charts published on : AFC Energy, Aston Martin, Asos, Caspian, Cellular Goods, Centamin, 4D Pharma, Genel, Igas Energy, Intercontinental Hotels Group, National Glib, OPG Power Ventures, Polymetal, Rolls Royce, Speedyhire,
LSE:AFC AFC Energy Close Mid-Price: 46.2 Percentage Change: -1.18% Day High: 48.25 Day Low: 45.5
Weakness on AFC Energy below 45.5 will invariably lead to 41 with seconda ……..
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View Previous AFC Energy & Big Picture ***
LSE:AML Aston Martin. Close Mid-Price: 1203.5 Percentage Change: + 1.09% Day High: 1205 Day Low: 1141
Continued weakness against AML taking the price below 1141 calculates as ……..
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View Previous Aston Martin & Big Picture ***
LSE:ASC Asos Close Mid-Price: 2226 Percentage Change: -3.47% Day High: 2318 Day Low: 2208
In the event Asos experiences weakness below 2208 it calculates with a dr ……..
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View Previous Asos & Big Picture ***
LSE:CASP Caspian Close Mid-Price: 3.7 Percentage Change: -1.33% Day High: 3.75 Day Low: 3.55
Target met. If Caspian experiences continued weakness below 3.55, it will ……..
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View Previous Caspian & Big Picture ***
LSE:CBX Cellular Goods Close Mid-Price: 6.19 Percentage Change: -8.97% Day High: 6.58 Day Low: 6
If Cellular Goods experiences continued weakness below 6, it will invaria ……..
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View Previous Cellular Goods & Big Picture ***
LSE:CEY Centamin Close Mid-Price: 80.74 Percentage Change: -1.70% Day High: 82.14 Day Low: 80.42
If Centamin experiences continued weakness below 80.42, it will invariabl ……..
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View Previous Centamin & Big Picture ***
LSE:DDDD 4D Pharma Close Mid-Price: 51 Percentage Change: -3.23% Day High: 53.7 Day Low: 48.1
Weakness on 4D Pharma below 48.1 will invariably lead to 44 with secondar ……..
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View Previous 4D Pharma & Big Picture ***
LSE:GENL Genel Close Mid-Price: 120 Percentage Change: -0.99% Day High: 124 Day Low: 120
Weakness on Genel below 120 will invariably lead to 114 with secondary, i ……..
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View Previous Genel & Big Picture ***
LSE:IGAS Igas Energy Close Mid-Price: 12.82 Percentage Change: -0.58% Day High: 13.95 Day Low: 12.8
Continued weakness against IGAS taking the price below 12.8 calculates as ……..
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View Previous Igas Energy & Big Picture ***
LSE:IHG Intercontinental Hotels Group Close Mid-Price: 4399 Percentage Change: -1.79% Day High: 4487 Day Low: 4384
In the event Intercontinental Hotels Group experiences weakness below 438 ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 1059 Percentage Change: + 0.34% Day High: 1063.6 Day Low: 1053
Further movement against National Glib ABOVE 1063.6 should improve accele ……..
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View Previous National Glib & Big Picture ***
LSE:OPG OPG Power Ventures. Close Mid-Price: 11.12 Percentage Change: + 0.00% Day High: 11.25 Day Low: 10.85
Weakness on OPG Power Ventures below 10.85 will invariably lead to 10.2 w ……..
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View Previous OPG Power Ventures & Big Picture ***
LSE:POLY Polymetal Close Mid-Price: 1245 Percentage Change: -1.58% Day High: 1265.5 Day Low: 1245
Target met. If Polymetal experiences continued weakness below 1245, it wi ……..
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View Previous Polymetal & Big Picture ***
LSE:RR. Rolls Royce Close Mid-Price: 113.02 Percentage Change: -3.52% Day High: 117.82 Day Low: 112.72
Target met. Weakness on Rolls Royce below 112 will invariably lead to 107 ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SDY Speedyhire Close Mid-Price: 59.9 Percentage Change: -1.80% Day High: 62 Day Low: 59.6
Continued weakness against SDY taking the price below 59.6 calculates as ……..
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View Previous Speedyhire & Big Picture ***