#Gold #SP500
Monday was a day of surprises. Firstly, the relentless amount of spam received, promoting companies we’ve never heard of, sometimes in countries we’ve never heard of, is always ignored but, just for a giggle, we decided to actually read one of these unsolicited emails from GlobalNewsWire among others. This turned out to be the 2nd surprise of the day!
The first big surprise came during the morning dog walk. Our area here is Argyll is known as a one-stop-shop for nuclear weapons. Instead of a submarine sneaking past, instead was the worrying sight of the UK’s massive drone platform/aircraft carrier sneaking in, doubtless to top up its stores. The true size of the vessel cannot be easily conveyed but, as the photo shows, it was clearly bigger than the picnic table by the local beach. It is proving difficult to forget about the current conflict in Europe, when the appearance of this impressive craft begs the question as to “why now?”. As a testament to the weather in Scotland, several photo’s were taken at 60x zoom. Not a single person was visible on the boat, presumably all remaining sensibly under cover. But, from our nerd viewpoint, the share Bottomline Technologies below actually proved more interesting.
We hate the thought of doing an internet spammer’s job for them but the folk who sent the email regarding Bottomline Technologies (Nasdaq:Epay), might actually be on to something. The company blurb claim they make complex business payments simple and secure, relied upon by banks and corporations for domestic and international payments, along with fraud protection etc. They are obviously listed on the Nasdaq, headquartered in New Hampshire US, and boast of offices in Europe and Asia.
However, it is their chart which interests us.
Currently trading around the $56 mark, the share price has been flatlining for the last few months and visually gives the impression the market is awaiting some important news. Prior to the flatline, it experienced our favourite Gap Down/Gap Up manoeuvre, the gap up even forcing the share price above the immediate downtrend since 2018. However, since hitting the $56 level, very little has actually happened but there’s a promise of gains, should it somehow managed above the $57 level. Such movement should provide early warning for price recovery to an initial 63 with secondary, if exceeded, at 73 and some very probable hesitation. Visually, this $73 ambition matches the share highs back in 2018 and is almost certain to provoke a stutter.
For everything to go horribly wrong, the share price currently needs weaken below $41 to spell trouble.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:27:09PM | BRENT | 104.34 | |||||||||
| 10:29:14PM | GOLD | 1953.19 | 1948 | 1944 | 1938 | 1966 | 1978 | 1983 | 1988 | 1967 | ‘cess |
| 10:31:32PM | FTSE | 7167.8 | |||||||||
| 10:33:39PM | FRANCE | 6343.5 | |||||||||
| 10:35:31PM | GERMANY | 13912 | |||||||||
| 10:39:31PM | US500 | 4183.2 | 4156 | 4142 | 4077 | 4188 | 4212 | 4222 | 4243 | 4175 | ‘cess |
| 10:42:08PM | DOW | 33036 | |||||||||
| 10:45:43PM | NASDAQ | 13106 | ‘cess | ||||||||
| 10:48:41PM | JAPAN | 25360 | Success |
14/03/2022 FTSE Closed at 7193 points. Change of 0.53%. Total value traded through LSE was: £ 6,152,854,583 a change of -10.19%
11/03/2022 FTSE Closed at 7155 points. Change of 0.79%. Total value traded through LSE was: £ 6,850,629,560 a change of -15.87%
10/03/2022 FTSE Closed at 7099 points. Change of -1.27%. Total value traded through LSE was: £ 8,142,573,429 a change of 0.69%
9/03/2022 FTSE Closed at 7190 points. Change of 3.25%. Total value traded through LSE was: £ 8,087,014,052 a change of -12.41%
8/03/2022 FTSE Closed at 6964 points. Change of 0.07%. Total value traded through LSE was: £ 9,232,494,481 a change of -9.7%
7/03/2022 FTSE Closed at 6959 points. Change of -0.4%. Total value traded through LSE was: £ 10,224,193,154 a change of 15.38%
4/03/2022 FTSE Closed at 6987 points. Change of -3.47%. Total value traded through LSE was: £ 8,861,498,669 a change of 14.29%
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:AZN Astrazeneca** **LSE:CBX Cellular Goods** **LSE:DDDD 4D Pharma** **LSE:EME Empyrean** **LSE:IGAS Igas Energy** **LSE:SPX Spirax** **
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Updated charts published on : Astrazeneca, Cellular Goods, 4D Pharma, Empyrean, Igas Energy, Spirax,
LSE:AZN Astrazeneca. Close Mid-Price: 9396 Percentage Change: + 1.30% Day High: 9460 Day Low: 9249
Target met. Continued trades against AZN with a mid-price ABOVE 9460 shou ……..
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View Previous Astrazeneca & Big Picture ***
LSE:CBX Cellular Goods. Close Mid-Price: 4.1 Percentage Change: + 33.33% Day High: 4.95 Day Low: 3.08
Apparently, above just 5.09p should indicate happy days ahead, allowing re ……..
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View Previous Cellular Goods & Big Picture ***
LSE:DDDD 4D Pharma. Close Mid-Price: 41.9 Percentage Change: + 14.17% Day High: 44.75 Day Low: 36.55
Further movement against 4D Pharma ABOVE 44.75 should improve acceleratio ……..
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View Previous 4D Pharma & Big Picture ***
LSE:EME Empyrean. Close Mid-Price: 9.1 Percentage Change: + 20.53% Day High: 9.5 Day Low: 7.5
Target met. All Empyrean needs are mid-price trades ABOVE 9.5 to improve ……..
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View Previous Empyrean & Big Picture ***
LSE:IGAS Igas Energy. Close Mid-Price: 32.35 Percentage Change: + 6.07% Day High: 38 Day Low: 30.5
In the event of Igas Energy enjoying further trades beyond 38, the share ……..
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View Previous Igas Energy & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 12355 Percentage Change: + 3.00% Day High: 12455 Day Low: 11920
All Spirax needs are mid-price trades ABOVE 12455 to improve acceleration ……..
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View Previous Spirax & Big Picture ***