#Gold #SP500 Northern Ireland gold producer, #Galantas, appears to be enjoying the favour of the markets currently. The share price, cheerfully ignoring the current hiatus which seems to be infecting gold values, recently enjoyed a series of fairly positive sessions, making us wonder if something is brewing for the future. Historically Galantas share price suffered from enhanced speculation for the future but now, the company are actually mining underground, boasting of a 2km underground development.
Hopefully future price movements shall be based on production numbers, rather than ‘enhanced speculation’ among internet chatrooms.
A visit to the corporate website proved suitably impressive, a large mining area very reminiscent visually of operations shown on telly’s ‘Gold Rush’ documentary series, one of our guilty secrets every Friday evening on the Discovery Channel. Hopefully the mine doesn’t the weather extremes of Alaska and Canada.
Presently trading around 34p, it appears the share need only exceed 35.5p to suggest some happy days ahead. Share price movements, since the 10:1 split last year, generally prove quite reliable, and the situation now appears to be of movement above 35.5p being capable of triggering some strong movement to an initial 49p with secondary, if exceeded, working out at a longer term 63p. These are obviously fairly large jumps but appear made possible by the strength of historical declines, each time the share reached an unsustainable high. However, we would prefer the price actually closes a session above the Blue downtrend on the chart, just to make ongoing upward travel difficult to derail.
For panic to raise its ugly head, the share price currently would need slump below RED on the chart as the reversal consequences look pretty extreme.
|Time Issued||Market||Price At Issue||Short Entry||Fast Exit||Slow Exit||Stop||Long Entry||Fast Exit||Slow Exit||Stop||Prior|
10/01/2022 FTSE Closed at 7445 points. Change of -0.53%. Total value traded through LSE was: £ 6,844,878,564 a change of 25.04%
7/01/2022 FTSE Closed at 7485 points. Change of 0.47%. Total value traded through LSE was: £ 5,474,069,038 a change of -10.83%
6/01/2022 FTSE Closed at 7450 points. Change of -0.88%. Total value traded through LSE was: £ 6,138,809,460 a change of 26.57%
5/01/2022 FTSE Closed at 7516 points. Change of 0.15%. Total value traded through LSE was: £ 4,850,064,854 a change of -31.07%
4/01/2022 FTSE Closed at 7505 points. Change of 1.64%. Total value traded through LSE was: £ 7,036,052,579 a change of 378.45%
31/12/2021 FTSE Closed at 7384 points. Change of -0.26%. Total value traded through LSE was: £ 1,470,600,972 a change of -36.25%
30/12/2021 FTSE Closed at 7403 points. Change of -100%. Total value traded through LSE was: £ 2,306,886,388 a change of 0%
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 email@example.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:AV. Aviva** **LSE:AVCT Avacta** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:CAR Carclo** **LSE:DDDD 4D Pharma** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:HSBA HSBC** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:MKS Marks and Spencer** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:ODX Omega Diags** **LSE:RR. Rolls Royce** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:TERN Tern Plc** **
Updated charts published on : AFC Energy, Aviva, Avacta, Barclays, Barrett Devs, BP PLC, Carclo, 4D Pharma, Diageo, ECO (Atlantic) O & G, EasyJet, Fresnillo, HSBC, IG Group, ITM Power, Marks and Spencer, Natwest, Ocado Plc, Omega Diags, Rolls Royce, Serco, Standard Chartered, Tern Plc,
LSE:AFC AFC Energy Close Mid-Price: 42.35 Percentage Change: -3.64% Day High: 45.5 Day Low: 41.4
Target Met. This risks becoming a little dodgy as weakness now below 41 su ……..
LSE:AV. Aviva. Close Mid-Price: 433.9 Percentage Change: + 0.42% Day High: 436 Day Low: 431.1
In the event of Aviva enjoying further trades beyond 436, the share should ……..
LSE:AVCT Avacta Close Mid-Price: 77 Percentage Change: -33.62% Day High: 98 Day Low: 77.5
Target Met. Oh dear, this got messy but the writing has been on the wall f ……..
LSE:BARC Barclays. Close Mid-Price: 207.9 Percentage Change: + 1.29% Day High: 209.8 Day Low: 205.05
Target Met. Movement continuing above 210 suggests an initial 218. Crucial ……..
LSE:BDEV Barrett Devs Close Mid-Price: 699.6 Percentage Change: -4.87% Day High: 727.4 Day Low: 696.6
This is suddenly a little unhappy as below 696 risks triggering ongoing tr ……..
LSE:BP. BP PLC. Close Mid-Price: 363.05 Percentage Change: + 0.14% Day High: 369.3 Day Low: 361.85
Target Met. Now above 371 should trigger traffic toward 378 next. If bette ……..
LSE:CAR Carclo Close Mid-Price: 34.75 Percentage Change: -7.33% Day High: 36.1 Day Low: 33.5
Below just 33 still looks troubling, suggesting coming weakness to 22 with ……..
LSE:DDDD 4D Pharma Close Mid-Price: 45.35 Percentage Change: -3.51% Day High: 47.95 Day Low: 44.55
Target Met. Now below 44 suggests weakness to 41 with secondary, if (when) ……..
LSE:DGE Diageo Close Mid-Price: 3848.5 Percentage Change: -0.67% Day High: 3880 Day Low: 3839.5
Continued weakness against DGE taking the price below 3839 calculates as l ……..
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 22.5 Percentage Change: + 7.14% Day High: 22.5 Day Low: 20.95
Above 22.5 remains pointing at 24 with secondary, if exceeded, a visually ……..
LSE:EZJ EasyJet. Close Mid-Price: 633.8 Percentage Change: + 1.93% Day High: 647.4 Day Low: 627.4
Further movement against EasyJet ABOVE 648 should improve acceleration tow ……..
LSE:FRES Fresnillo Close Mid-Price: 803.8 Percentage Change: -1.95% Day High: 828.2 Day Low: 798.2
If Fresnillo experiences continued weakness below 798, it will invariably ……..
LSE:HSBA HSBC. Close Mid-Price: 492 Percentage Change: + 2.01% Day High: 493.55 Day Low: 483.4
Target Met. Continued trades against HSBA with a mid-price ABOVE 494 shoul ……..
LSE:IGG IG Group. Close Mid-Price: 829.5 Percentage Change: + 0.24% Day High: 841.5 Day Low: 824.5
In the event of IG Group enjoying further trades beyond 842, the share sho ……..
LSE:ITM ITM Power Close Mid-Price: 347.6 Percentage Change: -4.66% Day High: 370 Day Low: 346.8
If ITM Power experiences continued weakness below 346, it will invariably ……..
LSE:MKS Marks and Spencer Close Mid-Price: 253.7 Percentage Change: -1.13% Day High: 263 Day Low: 253.2
Target Met. Now above 263 calculates with the potential of 280 next with s ……..
LSE:NWG Natwest. Close Mid-Price: 247 Percentage Change: + 0.20% Day High: 249.6 Day Low: 246.4
Further movement against Natwest ABOVE 250 should improve acceleration tow ……..
LSE:OCDO Ocado Plc Close Mid-Price: 1547.5 Percentage Change: -0.80% Day High: 1565.5 Day Low: 1523
This is looking a bit problematic as weakness below 1523 currently promote ……..
LSE:ODX Omega Diags Close Mid-Price: 20.75 Percentage Change: -2.35% Day High: 22 Day Low: 19
If Omega Diags experiences continued weakness below 19, it will invariably ……..
LSE:RR. Rolls Royce. Close Mid-Price: 127.66 Percentage Change: + 0.41% Day High: 129.62 Day Low: 126.22
Above 130 hints at further price recovery to an initial 132 with secondary ……..
LSE:SRP Serco Close Mid-Price: 138 Percentage Change: -0.50% Day High: 138.5 Day Low: 134.6
Above just 140 should now give hope, allowing for an initial 150 with seco ……..
LSE:STAN Standard Chartered. Close Mid-Price: 492.5 Percentage Change: + 1.13% Day High: 495.6 Day Low: 490
All Standard Chartered needs are mid-price trades ABOVE 496 to improve acc ……..
LSE:TERN Tern Plc. Close Mid-Price: 12.5 Percentage Change: + 4.17% Day High: 12.75 Day Low: 11.75
There is quite a lot to dislike about recent movements with Tern. Current ……..
*** End of “Updated Today” comments on shares.
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