Vestas Wind Systems about to blow?

#Brent #WallSt With the Scottish Government recently selling off seabed rights for windfarms, accepting the international equivalent of some coloured beads and mirror fragments in payment, we were inevitably reminded of another Scot, Gordon Brown, famously selling the UK’s Gold Reserves at the bottom of the gold market. However, a look at Vestas, industry leader in turbine manufacture was warranted as it appears another market is about to open for them.

In addition, it’s blooming windy here in Argyll tonight with gusts above 50mph, justifying nervous looks at a dead oak tree in the garden.

Danish company, Vestas Wind Systems, look like a difficult share to buy, despite being listed on Spread Bet platforms and traded on the Nasdaq Copenhagen. Our review of their share price is in Danish Krone with the current exchange rate roughly at 1 Krone equalling 11p .

 

Our enthusiasm for a potential supplier to the lucky recipients of Scottish seabed has been somewhat tempered by a glance at their share price history for the6 months. The price has been pretty static, the company complained at raw material costs, along with the inevitable supply chain delays, an issue which seems far wider than just the UK with its self inflicted Brexit problems. As the chart shows, the price is currently exploring new lows BUT there’s a reasonable chance it has finally bottomed. We’d a calculation giving 158p as a potential ultimate bottom and with the share hitting 159.5 on Tuesday 26th, we suspect a bounce should prove sustainable.

The immediate downtrend requires the share price to exceed 183.5 to indicate some upward travel is coming. In such a scenario, we anticipate movement to an initial 190 with secondary, if bettered, at 204 and some potential hesitation. It may prove important to remember closure above 190 DKK takes the share into a region where we calculate a longer term 239 as being possible.

Hopefully Vestas shall prove worthy of watching. The share price needs below 158 to justify severe concerns as we cannot calculate lower.

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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
9:40:05PM BRENT 88.6 87.75 87.22 86.48 89 89.44 90.205 92.13 87 Success
9:49:08PM GOLD 1818.03 Success
9:51:32PM FTSE 7435 ‘cess
9:54:18PM FRANCE 6965 Success
9:56:55PM GERMANY 15373.57 Success
9:59:10PM US500 4349.24 Shambles
10:02:03PM DOW 34169 33854 33809 33626 34176 34316 34422 34613 34009 Success
10:04:57PM NASDAQ 14172 Success
10:07:50PM JAPAN 26922 Shambles
26/01/2022 FTSE Closed at 7469 points. Change of 1.33%. Total value traded through LSE was: £ 6,753,491,510 a change of 0.93%
25/01/2022 FTSE Closed at 7371 points. Change of 1.01%. Total value traded through LSE was: £ 6,691,379,675 a change of -33.53%
24/01/2022 FTSE Closed at 7297 points. Change of -2.63%. Total value traded through LSE was: £ 10,066,916,711 a change of 27.66%
21/01/2022 FTSE Closed at 7494 points. Change of -1.2%. Total value traded through LSE was: £ 7,885,774,103 a change of 20.92%
20/01/2022 FTSE Closed at 7585 points. Change of -0.05%. Total value traded through LSE was: £ 6,521,628,941 a change of -25.14%
19/01/2022 FTSE Closed at 7589 points. Change of 0.34%. Total value traded through LSE was: £ 8,711,225,225 a change of 13.49%
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%

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:AML Aston Martin** **LSE:BT.A British Telecom** **LSE:EME Empyrean** **LSE:FRES Fresnillo** **LSE:GKP Gulf Keystone** **LSE:HSBA HSBC** **LSE:IQE IQE** **LSE:ODX Omega Diags** **LSE:SCLP Scancell** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Aston Martin, British Telecom, Empyrean, Fresnillo, Gulf Keystone, HSBC, IQE, Omega Diags, Scancell, Zoo Digital,

LSE:AML Aston Martin. Close Mid-Price: 1198 Percentage Change: + 3.28% Day High: 1222 Day Low: 1177.5

Further movement against Aston Martin ABOVE 1222 should improve accelerat ……..

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LSE:BT.A British Telecom. Close Mid-Price: 191.55 Percentage Change: + 0.82% Day High: 195.15 Day Low: 188.8

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LSE:EME Empyrean. Close Mid-Price: 6.05 Percentage Change: + 2.54% Day High: 6.1 Day Low: 5.75

In the event Empyrean experiences weakness below 5.75 it calculates with ……..

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LSE:FRES Fresnillo Close Mid-Price: 687.8 Percentage Change: -14.56% Day High: 759 Day Low: 684

Target met. Weakness on Fresnillo below 684 will invariably lead to 650 w ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 225 Percentage Change: + 4.90% Day High: 225 Day Low: 218.5

Further movement against Gulf Keystone ABOVE 225 should improve accelerat ……..

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LSE:HSBA HSBC. Close Mid-Price: 522.7 Percentage Change: + 2.61% Day High: 526 Day Low: 511.6

In the event of HSBC enjoying further trades beyond 526, the share should ……..

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LSE:IQE IQE. Close Mid-Price: 31.65 Percentage Change: + 0.00% Day High: 32.8 Day Low: 31.35

Target met. All IQE needs are mid-price trades ABOVE 32.8 to improve acce ……..

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LSE:ODX Omega Diags Close Mid-Price: 11.75 Percentage Change: -6.00% Day High: 12.5 Day Low: 11.75

Target met. In the event Omega Diags experiences weakness below 11.75 it ……..

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LSE:SCLP Scancell Close Mid-Price: 18.3 Percentage Change: -3.68% Day High: 19.25 Day Low: 17.75

Weakness on Scancell below 17.75 will invariably lead to 16.2 with second ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 143 Percentage Change: + 10.00% Day High: 143.5 Day Low: 139

Target met. Further movement against Zoo Digital ABOVE 143.5 should impro ……..

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*** End of “Updated Today” comments on shares.

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