#Gold #SP500_futures Sooner or later, someone will do a comedy sketch about Asset Management company websites. When we’re asked to feature one, trying to figure out what they actually do is generally cleverly concealed, thanks to the web designer failing to understand anything they’ve been told. For instance, with Impax, their “About Us” statement is shown below.
It’s a lovely sentence, one which reveals nothing. But judging by their website, Impax are clearly impressed with their own “green” credentials but a little less candid on revealing how they actually make money.
Unfortunately, the company share price future is looking rather less polished than their web presence. It’s a share which experienced a pandemic low of 191p in 2020. In the period since, the performance from such a level has been amazing, the price eventually topping out at 1508p last December. The climb was truly remarkable and relentless but unfortunately, the wheels started to come off last month with the share price currently exhibiting quite unsettling behaviour.
As the chart below highlights, the share price is experiencing a series of “lower lows”, closing Valentines Day not with a kiss but more, a head-but at 985p. The immediate cycle suggests weakness below 968p threatens reversal down to 931p, a level which appears capable of producing a fairly major issue.
From our perspective, we’d generally hope for a bounce, should 931p make an appearance but we’ve an issue with the method the market used to break the price through the Red uptrend. On January 24th, the price was gapped down to 1138p, a very deliberate movement (circled) from the previous days close of 1150p. The market had apparently made a decision but by the start of February, we were confused by the share exceeding the level of trend break, climbing to 1162p. This sort of thing carries a vague suggestion of the trend which was broken, not actually being a real trend. If this is indeed the case, our drop calculations could easily prove as reliable as a Boris Johnston party excuse.
Cutting to the chase, below 931p works out with a serious threat of a cycle commencing to 608p. If broken, our secondary calculates at 511p. Were it not for the (short lived) recovery at the start of February, we’d already be comfortable suggesting this cycle has commenced, especially as the share price needs a miracle recovery above the previous 1162p high to get out of this mess. In mitigation, while contemplating such a strong reversal, it’s probably worth remembering this is a share which was trading at 400p pre-Covid, leading to a suspicion any visit to 608p, while dreadful for those who invested on the basis last years strong climb would go on for ever, visually gives substantial hope for a bounce, if 608p chooses to visit.
In conclusion, we’d advocate watching very closely, if the price falls to 931p anytime soon. Our rule of thumb is to watch for any break below this target level, especially on any initial surge down. Experience has taught this behaviour ticks a pretty major box to indicate future direction. Who knows, maybe it shall bounce from 931p without any dramatics.
As ever, many thanks to those who take the trouble to visit a fascinating advert on this page, the action buying us a coffee!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:27:57PM | BRENT | 94.71 | ‘cess | ||||||||
| 10:30:34PM | GOLD | 1872.2 | 1850 | 1842 | 1831 | 1862 | 1874 | 1877 | 1890 | 1854 | ‘cess |
| 10:42:27PM | FTSE | 7526 | Success | ||||||||
| 10:45:29PM | FRANCE | 6817.7 | Success | ||||||||
| 10:47:36PM | GERMANY | 15091.63 | Success | ||||||||
| 10:49:27PM | US500 | 4403.27 | 4360 | 4343 | 4314 | 4403 | 4433 | 4454 | 4485 | 4400 | ‘cess |
| 10:53:12PM | DOW | 34564 | ‘cess | ||||||||
| 11:04:37PM | NASDAQ | 14280 | |||||||||
| 11:06:35PM | JAPAN | 27052 |
14/02/2022 FTSE Closed at 7531 points. Change of -1.7%. Total value traded through LSE was: £ 6,497,209,256 a change of -4.96%
11/02/2022 FTSE Closed at 7661 points. Change of -0.14%. Total value traded through LSE was: £ 6,836,505,104 a change of 3.17%
10/02/2022 FTSE Closed at 7672 points. Change of 0.38%. Total value traded through LSE was: £ 6,626,677,333 a change of -0.02%
9/02/2022 FTSE Closed at 7643 points. Change of 1%. Total value traded through LSE was: £ 6,627,688,349 a change of 1.84%
8/02/2022 FTSE Closed at 7567 points. Change of -0.08%. Total value traded through LSE was: £ 6,508,230,293 a change of 10.94%
7/02/2022 FTSE Closed at 7573 points. Change of 0.76%. Total value traded through LSE was: £ 5,866,179,162 a change of 4.27%
4/02/2022 FTSE Closed at 7516 points. Change of 3.55%. Total value traded through LSE was: £ 5,625,836,746 a change of -14.55%
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:ASC Asos** **LSE:AVCT Avacta** **LSE:CPI Capita** **LSE:DDDD 4D Pharma** **LSE:DGE Diageo** **LSE:EXPN Experian** **LSE:HIK Hikma** **LSE:HUR Hurrican Energy** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:ODX Omega Diags** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:QFI Quadrise** **LSE:SPX Spirax** **LSE:ZOL Zoldav** **
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Updated charts published on : Asos, Avacta, Capita, 4D Pharma, Diageo, Experian, Hikma, Hurrican Energy, IG Group, IQE, Omega Diags, Oxford Instruments, Primary Health, Quadrise, Spirax, Zoldav,
LSE:ASC Asos Close Mid-Price: 2023 Percentage Change: -0.74% Day High: 2043 Day Low: 1950
Weakness on Asos below 1950 will invariably lead to 1888 with secondary, ……..
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View Previous Asos & Big Picture ***
LSE:AVCT Avacta Close Mid-Price: 51 Percentage Change: -16.39% Day High: 60.5 Day Low: 51
Target met. In the event Avacta experiences weakness below 51 it calculat ……..
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View Previous Avacta & Big Picture ***
LSE:CPI Capita Close Mid-Price: 30.58 Percentage Change: -1.86% Day High: 30.87 Day Low: 29.76
If Capita experiences continued weakness below 29.76, it will invariably ……..
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View Previous Capita & Big Picture ***
LSE:DDDD 4D Pharma Close Mid-Price: 32.2 Percentage Change: -5.85% Day High: 33.55 Day Low: 32
Weakness on 4D Pharma below 32 will invariably lead to 28 with secondary ……..
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View Previous 4D Pharma & Big Picture ***
LSE:DGE Diageo Close Mid-Price: 3632 Percentage Change: -2.30% Day High: 3679 Day Low: 3609
Continued weakness against DGE taking the price below 3609 calculates as ……..
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View Previous Diageo & Big Picture ***
LSE:EXPN Experian Close Mid-Price: 2865 Percentage Change: -2.05% Day High: 2879 Day Low: 2798
Target met. If Experian experiences continued weakness below 2798, it wil ……..
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View Previous Experian & Big Picture ***
LSE:HIK Hikma Close Mid-Price: 1946 Percentage Change: -0.99% Day High: 1968 Day Low: 1935.5
Continued weakness against HIK taking the price below 1935.5 calculates a ……..
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View Previous Hikma & Big Picture ***
LSE:HUR Hurrican Energy. Close Mid-Price: 5.28 Percentage Change: + 3.68% Day High: 5.42 Day Low: 4.8
Further movement against Hurrican Energy ABOVE 5.42 should improve accele ……..
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View Previous Hurrican Energy & Big Picture ***
LSE:IGG IG Group Close Mid-Price: 775.5 Percentage Change: -0.32% Day High: 781.5 Day Low: 765.5
Weakness on IG Group below 765.5 will invariably lead to 747 with seconda ……..
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View Previous IG Group & Big Picture ***
LSE:IQE IQE Close Mid-Price: 34.75 Percentage Change: -5.95% Day High: 38.75 Day Low: 34.3
In the event of IQE enjoying further trades beyond 38.75, the share shoul ……..
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View Previous IQE & Big Picture ***
LSE:ODX Omega Diags Close Mid-Price: 5.35 Percentage Change: -8.94% Day High: 5.88 Day Low: 4.92
Continued weakness against ODX taking the price below 4.92 calculates as ……..
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View Previous Omega Diags & Big Picture ***
LSE:OXIG Oxford Instruments Close Mid-Price: 2030 Percentage Change: -2.40% Day High: 2080 Day Low: 2005
Target met. In the event Oxford Instruments experiences weakness below 20 ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:PHP Primary Health Close Mid-Price: 133.6 Percentage Change: -1.04% Day High: 135 Day Low: 132.6
Weakness on Primary Health below 132.6 will invariably lead to 131 with s ……..
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View Previous Primary Health & Big Picture ***
LSE:QFI Quadrise Close Mid-Price: 1.59 Percentage Change: -11.67% Day High: 1.7 Day Low: 1.54
Target met. In the event Quadrise experiences weakness below 1.54 it calc ……..
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View Previous Quadrise & Big Picture ***
LSE:SPX Spirax Close Mid-Price: 11980 Percentage Change: -1.76% Day High: 12085 Day Low: 11775
Target met. Continued weakness against SPX taking the price below 11775 c ……..
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View Previous Spirax & Big Picture ***
LSE:ZOL Zoldav Close Mid-Price: 10.5 Percentage Change: -30.00% Day High: 15 Day Low: 10.5
Target met. If Zoldav experiences continued weakness below 10.5, it will ……..
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View Previous Zoldav & Big Picture ***