#Gold #SP500 We managed to waste everyone’s time with our review of THG last October. We’d identified a trigger level for a miracle recovery at 369p but alas, the best the share achieved was 362p with the price falling faster than the UK PM’s credibility since. We’ve had a few emails asking us to update our view and there are a few details now worthy of serious consideration.
With international lockdowns easing, along with a likelihood of reduced earnings for on-line organisations, the company didn’t impart confidence to the market by announcing profit margins for 2021 would be below expectations, along with a comment regarding 2022 being more challenging, when compared to the same period in 2021. While this is essentially confirming everyone knows what a bears toilet habits in the woods are, the market continues to be less than impressed.
However, the company also complain they’ve been the target of a “pretty aggressive short attack” and claim to have presented a dossier to the FCA, an organisation well known for protecting investors and ensuring share prices don’t suffer. Said no-one ever. But from our perspective, the share price now finds itself in a ridiculous position, one fraught with danger.
The Big Picture had a major problem at 248p. Our software cannot calculate an “ultimate bottom” below such a level and by November last year, the share price broke below. As a result, from a Big Picture perspective, we’re supposed to report the share is on track to minus 25p, obviously impossible and also unlikely given the brief period the company has been listed. But for a share which was trading above 8 quid last year, the fall from grace has been quite vile.
From an immediate perspective, below 118p risks a visit to 98p, perhaps a level from which a bounce can be hoped but it must be remembered we cannot now calculate a bottom.
If there’s going to be any kind of miracle, the share (presently trading around 130p) needs exceed 142p to ideally trigger some gains in the direction of an initial 159p. If bettered, we can calculate a surprisingly confident looking 179p as our secondary. At this level, things become quite strange as we can currently provide a third target level of 230p. This is also pretty close to the maximum drop target we’d previously wondered about and visually, there’s certainly an implication of a waiting glass ceiling, should such a target level make a guest appearance in the future.
We suspect this shall probably end up experiencing some sort of bounce before the 98p level appears.
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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 |
| 9:29:33PM | NASDAQ | 14886.84 | Success | ||||||||
| 9:31:27PM | BRENT | 89.46 | |||||||||
| 9:33:20PM | GOLD | 1799.84 | 1785 | 1782 | 1776 | 1793 | 1800 | 1803 | 1806 | 1794 | ‘cess |
| 9:35:25PM | FTSE | 7511.68 | |||||||||
| 9:37:15PM | FRANCE | 7029.4 | |||||||||
| 9:39:21PM | GERMANY | 15544 | |||||||||
| 9:40:48PM | US500 | 4500.87 | 4403 | 4356 | 4303 | 4445 | 4517 | 4548 | 4587 | 4447 | Success |
| 9:51:28PM | DOW | 35042 | Success | ||||||||
| 9:53:51PM | JAPAN | 27318 | Success |
31/01/2022 FTSE Closed at 7464 points. Change of -0.03%. Total value traded through LSE was: £ 6,086,283,575 a change of -43.89%
28/01/2022 FTSE Closed at 7466 points. Change of -1.16%. Total value traded through LSE was: £ 10,846,360,111 a change of 33.05%
27/01/2022 FTSE Closed at 7554 points. Change of 1.14%. Total value traded through LSE was: £ 8,151,826,198 a change of 20.71%
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%
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:BT.A British Telecom** **LSE:CPI Capita** **LSE:FRES Fresnillo** **LSE:HUR Hurrican Energy** **LSE:ODX Omega Diags** **LSE:OPG OPG Power Ventures** **LSE:TRN The Trainline** **LSE:VOD Vodafone** **
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Updated charts published on : British Telecom, Capita, Fresnillo, Hurrican Energy, Omega Diags, OPG Power Ventures, The Trainline, Vodafone,
LSE:BT.A British Telecom Close Mid-Price: 195.55 Percentage Change: -0.74% Day High: 198.65 Day Low: 190.35
Further movement against British Telecom ABOVE 198.65 should improve acce ……..
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View Previous British Telecom & Big Picture ***
LSE:CPI Capita Close Mid-Price: 31.58 Percentage Change: -0.75% Day High: 34 Day Low: 30.79
Weakness on Capita below 30.79 will invariably lead to 27.75p. If broken, ……..
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View Previous Capita & Big Picture ***
LSE:FRES Fresnillo Close Mid-Price: 624.8 Percentage Change: -1.11% Day High: 637.4 Day Low: 612.6
If Fresnillo experiences continued weakness below 612.6, it will invariab ……..
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View Previous Fresnillo & Big Picture ***
LSE:HUR Hurrican Energy Close Mid-Price: 4.97 Percentage Change: -1.66% Day High: 5.3 Day Low: 4.62
In the event of Hurrican Energy enjoying further trades beyond 5.3, the s ……..
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View Previous Hurrican Energy & Big Picture ***
LSE:ODX Omega Diags Close Mid-Price: 7.25 Percentage Change: -31.92% Day High: 8.75 Day Low: 6.5
Target met. Continued weakness against ODX taking the price below 6.5 cal ……..
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View Previous Omega Diags & Big Picture ***
LSE:OPG OPG Power Ventures. Close Mid-Price: 10.5 Percentage Change: + 1.20% Day High: 10.5 Day Low: 10.25
Target met. If OPG Power Ventures experiences continued weakness below 10 ……..
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View Previous OPG Power Ventures & Big Picture ***
LSE:TRN The Trainline. Close Mid-Price: 224 Percentage Change: + 5.76% Day High: 223.8 Day Low: 204.2
In the event of The Trainline enjoying further trades beyond 223.8, the s ……..
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View Previous The Trainline & Big Picture ***
LSE:VOD Vodafone. Close Mid-Price: 130.02 Percentage Change: + 1.88% Day High: 133.36 Day Low: 129.94
Target met. All Vodafone needs are mid-price trades ABOVE 133.36 to impro ……..
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View Previous Vodafone & Big Picture ***