Will Angus Energy bubble up?

#FTSE #Nasdaq  Sometimes “what happened next” can prove quite illuminating. Noticing Angus Energy were one of the more active shares on Tuesday, along with being rated as a “Strong Buy”, we were curious, thanks to our previous report in early 2019 being quite gloomy. We had been able to give an ultimate bottom target of a ‘devastating’ 1.75p, unable to calculate below such a level.

Guess what?

Four months after our report, the price hit (and broke) our target, eventually settling to a bottom of a pretty vile 0.4p. By any standards, this was not the behaviour of a civilised share and therefore, we’re pretty interested in its potentials, given the flurry of immediate interest. A glance at their website reveals a gas and oil extraction company, cheerfully boasting they’re not involved in hydraulic fracking in the UK. Everything given all looks very positive, justifying in running the numbers against their share price behaviour in the recent three years. It’s certainly the case, if we glance at their price movement chart, some real optimism may now be possible. Often, it’s the case when we’ve allocated a “serious ultimate bottom” number against a share price, even if this number breaks (1.75p in the case of Angus) there can prove to be future movement to try and regain such an important level. Folk tend describe this confidently as “back-testing”, a facet of price movement which should have no basis in reality, aside from the fact it can happen.

Needless to say, we’ve a theory about this… If a key price level breaks, there are doubtless a huge bunch of people who opted to buy at a major target drop level. Doubtless, since July 2019, this exalted group have been horrified at their funds taking a prolonged holiday. As a result, should Angus recover to the 1.75p level, we expect a flurry of people opting to Bail At Break Even (Babe). This alone will tend provide some hesitation in any recovery cycle, allowing analysts to nod wisely and describe the share price as simply ‘back-testing’ a prior level!

 

However, there are a few facets of Angus Energy price movements we deem worthy of note. Firstly, and most importantly, despite the share price getting an utter hammering, it remained trading and the company haven’t opted to take the route of share consolidation in an ill-guided attempt to make their share price look stronger. Secondly, it looks like the share price has discovered a trend line to exceed, behaving as if the Blue line on the chart shall prove valid. Third, if you opt to turn the candles off and simply view the share price at the day-closing-price level, it’s achieving higher highs and looks capable of continuing acceleration above the 1p glass ceiling level.

As a result, movement now above 1.35p should aim for an initial 1.5p with secondary, if bettered, at 2.17p. Curiously, there’s absolutely no mention of our 1.75p level, thanks to substantial recovery strength being evident should the price discover an excuse to close above 1.5p. We’ve pencilled in a distant 3.5p but realistically, shall prefer running the numbers again if our secondary 2.17p makes itself known.

The share price currently needs retreat below Blue, presently 0.88p, to suggest panic.

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FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:27:36PM BRENT 87.93 Success
10:29:53PM GOLD 1813.88 ‘cess
10:31:53PM FTSE 7563 7528 7504 7464 7581 7603 7615 7644 7557
10:34:16PM FRANCE 7156.6 Success
10:37:24PM GERMANY 15792.94 Success
10:39:57PM US500 4586 Success
11:08:30PM DOW 35425 Success
11:10:21PM NASDAQ 15256.72 15179 15089 14905 15379 15484 15575 15707 15408 Success
11:14:29PM JAPAN 27990 Success
18/01/2022 FTSE Closed at 7563 points. Change of -0.63%. Total value traded through LSE was: £ 7,675,745,106 a change of 32.82%
17/01/2022 FTSE Closed at 7611 points. Change of 0.91%. Total value traded through LSE was: £ 5,779,249,970 a change of -10.18%
14/01/2022 FTSE Closed at 7542 points. Change of -0.28%. Total value traded through LSE was: £ 6,434,562,809 a change of 1.01%
13/01/2022 FTSE Closed at 7563 points. Change of 0.16%. Total value traded through LSE was: £ 6,370,299,567 a change of -13.58%
12/01/2022 FTSE Closed at 7551 points. Change of 0.83%. Total value traded through LSE was: £ 7,371,380,208 a change of 17.9%
11/01/2022 FTSE Closed at 7489 points. Change of 0.59%. Total value traded through LSE was: £ 6,252,372,247 a change of -8.66%
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%

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:AV. Aviva** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:DDDD 4D Pharma** **LSE:DGE Diageo** **LSE:EXPN Experian** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:ODX Omega Diags** **LSE:POG Petrop etc** **LSE:POLY Polymetal** **LSE:RKH Rockhopper** **LSE:SDY Speedyhire** **LSE:SPX Spirax** **LSE:TLW Tullow** **LSE:VOD Vodafone** **LSE:VOG VICTORIA** **

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Updated charts published on : AFC Energy, Aviva, BP PLC, British Telecom, 4D Pharma, Diageo, Experian, Fresnillo, Genel, Glencore Xstra, Hikma, IQE, ITM Power, Lloyds Grp., Natwest, Ocado Plc, Omega Diags, Petrop etc, Polymetal, Rockhopper, Speedyhire, Spirax, Tullow, Vodafone, VICTORIA,

LSE:AFC AFC Energy Close Mid-Price: 39.95 Percentage Change: -6.22% Day High: 43.35 Day Low: 39.5

Target Met. Below 39 now points at an initial 30p with secondary, if brok ……..

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LSE:AV. Aviva. Close Mid-Price: 443.3 Percentage Change: + 0.84% Day High: 443.8 Day Low: 436.6

All Aviva needs are mid-price trades ABOVE 444 to improve acceleration tow ……..

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LSE:BP. BP PLC. Close Mid-Price: 395.75 Percentage Change: + 0.51% Day High: 400.2 Day Low: 393.6

Target Met. Now continuing above 401 suggests ongoing traffic to an initia ……..

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LSE:BT.A British Telecom. Close Mid-Price: 186.6 Percentage Change: + 3.07% Day High: 189.2 Day Low: 182.15

Target Met. Now above 190 still carries the threat of an initial 192p with ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 39.9 Percentage Change: -3.16% Day High: 41.95 Day Low: 39.3

In the event 4D Pharma experiences weakness below 39.3 it calculates with ……..

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LSE:DGE Diageo Close Mid-Price: 3703 Percentage Change: -0.82% Day High: 3736 Day Low: 3671.5

Target Met. Now below 3671 suggests the potential for further reversals to ……..

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LSE:EXPN Experian Close Mid-Price: 3013 Percentage Change: -2.62% Day High: 3089 Day Low: 2992

The situation has changed slightly as weakness below 2992 now permits reve ……..

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LSE:FRES Fresnillo Close Mid-Price: 800 Percentage Change: -0.52% Day High: 804.4 Day Low: 787

If Fresnillo experiences continued weakness below 787, it will invariably ……..

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LSE:GENL Genel. Close Mid-Price: 152.2 Percentage Change: + 7.18% Day High: 153.4 Day Low: 142

Now above 154 suggests travel coming to an initial 160p. If bettered, our ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 413.8 Percentage Change: + 0.61% Day High: 421.25 Day Low: 405.9

Target Met. Further movement against Glencore Xstra ABOVE 422 should impro ……..

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LSE:HIK Hikma Close Mid-Price: 2029 Percentage Change: -1.93% Day High: 2065 Day Low: 2016

Target Met. Continued weakness against HIK taking the price below 2016 now ……..

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LSE:IQE IQE Close Mid-Price: 31.1 Percentage Change: -4.16% Day High: 32.8 Day Low: 30.95

Target Met. Continued weakness against IQE taking the price below 30 calcu ……..

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LSE:ITM ITM Power Close Mid-Price: 329 Percentage Change: -3.91% Day High: 340 Day Low: 324

Weakness on ITM Power below 324 will invariably lead to 313. If broken, ou ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 54.37 Percentage Change: -1.38% Day High: 55.85 Day Low: 54.57

Further movement against Lloyds Grp. ABOVE 56 should improve acceleration ……..

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LSE:NWG Natwest Close Mid-Price: 251.3 Percentage Change: -0.83% Day High: 254.3 Day Low: 250.3

All Natwest needs are mid-price trades ABOVE 255 to improve acceleration t ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 1453.5 Percentage Change: -0.34% Day High: 1472.5 Day Low: 1409

Target Met. Weakness on Ocado Plc below 1409 will invariably lead to 1376 ……..

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LSE:ODX Omega Diags Close Mid-Price: 15.49 Percentage Change: -6.12% Day High: 16.25 Day Low: 15.25

Target Met. Continued weakness against ODX taking the price below 15 calcu ……..

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LSE:POG Petrop etc Close Mid-Price: 14.76 Percentage Change: -11.46% Day High: 18.93 Day Low: 14.5

Target Met. Ongoing traffic below 14.5 now points at the potential of reve ……..

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LSE:POLY Polymetal Close Mid-Price: 1132.5 Percentage Change: -1.86% Day High: 1143 Day Low: 1098.5

Target Met. It now looks like weakness below 1098 risks reversal to an ini ……..

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LSE:RKH Rockhopper. Close Mid-Price: 10.18 Percentage Change: + 0.79% Day High: 10.5 Day Low: 9.96

Target Met. Finally! Above 10.5p calculates with the potential of 12.5p ne ……..

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LSE:SDY Speedyhire Close Mid-Price: 58.6 Percentage Change: -2.66% Day High: 60 Day Low: 57.8

In the event Speedyhire experiences weakness below 57.8, it calculates wit ……..

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LSE:SPX Spirax Close Mid-Price: 13185 Percentage Change: -2.41% Day High: 13565 Day Low: 13075

Should Spirax experience weakness below 13075, it calculates with a drop p ……..

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LSE:TLW Tullow. Close Mid-Price: 60 Percentage Change: + 8.58% Day High: 61.68 Day Low: 55.38

Continued trades against TLW with a mid-price ABOVE 62 should improve the ……..

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LSE:VOD Vodafone. Close Mid-Price: 121.5 Percentage Change: + 2.20% Day High: 123.6 Day Low: 118.4

This is experiencing something close to miracle behaviour as above 124 now ……..

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LSE:VOG VICTORIA. Close Mid-Price: 5.5 Percentage Change: + 20.09% Day High: 5.5 Day Low: 4.7

Target Met. Now above 5.5 calculates with the potential of movement to 6.5 ……..

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View Previous VICTORIA & Big Picture ***

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