#CAC40 #DAX
The problem with rabbit holes is simple. You never know where they are and it can be easy to stumble down one. Enquest enjoy a website providing a similar trap, a quick glance turned into a fascinating delve into North Sea oil operations. When visiting the north of Scotland (Wick), it’s astounding looking offshore and seeing the oil rigs all illuminated. What wasn’t immediately apparent is the extend of extraction fields, many rigs situated on the half way mark between Scotland and Norway.
It’s doubtful any of the Enquest rigs were spotted that night, the company operating oil rigs which almost define the line between the UK and Norwegian operations, seriously offshore in the part of the North Sea where extreme bad weather is just another day. In the interests of fairness, we should also mention Enquest operate in Malaysia too. Their website proved quite fascinating, a cursory glance turning into an hour or so of reading.
Similar to their website, the share price appears to be presenting some pretty useful potentials. Currently trading around 29.2p, the price appears primed for movement to the 33.3p level next with growth exceeding 29.7p. Should this initial ambition be exceeded, we’re a little vague on the secondary target thanks to the circled gap on the chart. If we treat the manipulation gap as a near term feature, above 33.3p is supposed to bring a visit to 38.8 next.
The manipulation gap was used to propel the share price above a downtrend since 2014, so perhaps we should regard it as a Big Picture event, creating a scenario where above 33.3p can be expected to bring Enquest share price up to the 42.5p level. Visually, this matches a series of highs from 2018 and doubtless, if such a target is achieved, we should anticipate some hesitation, thanks to a bunch of folk who doubtless bought 4 years ago and opting to sell, just to recoup their investment. By virtually every standard, Enquest is currently looking quite promising for the future, the price requiring below 21p to cause any serious concern.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:51:11PM | BRENT | 118.12 | Success | ||||||||
| 9:53:19PM | GOLD | 1944.49 | ‘cess | ||||||||
| 9:56:06PM | FTSE | 7441.23 | Success | ||||||||
| 9:57:51PM | FRANCE | 6544 | 6522 | 6475 | 6406 | 6586 | 6612 | 6625 | 6637 | 6567 | |
| 10:03:20PM | GERMANY | 14200 | 14193 | 14057 | 13882 | 14267 | 14354 | 14391 | 14457 | 14225 | Success |
| 10:05:57PM | US500 | 4455 | Success | ||||||||
| 10:08:24PM | DOW | 34348.2 | Success | ||||||||
| 10:10:07PM | NASDAQ | 14461 | |||||||||
| 10:13:18PM | JAPAN | 27599 | Success |
23/03/2022 FTSE Closed at 7460 points. Change of -0.21%. Total value traded through LSE was: £ 6,586,106,936 a change of -2.72%
22/03/2022 FTSE Closed at 7476 points. Change of 0.46%. Total value traded through LSE was: £ 6,769,927,193 a change of 15.91%
21/03/2022 FTSE Closed at 7442 points. Change of 0.51%. Total value traded through LSE was: £ 5,840,589,175 a change of -56.99%
18/03/2022 FTSE Closed at 7404 points. Change of 0.26%. Total value traded through LSE was: £ 13,580,954,595 a change of 97.5%
17/03/2022 FTSE Closed at 7385 points. Change of 1.29%. Total value traded through LSE was: £ 6,876,379,438 a change of -21.82%
16/03/2022 FTSE Closed at 7291 points. Change of 1.69%. Total value traded through LSE was: £ 8,795,974,053 a change of 28.56%
15/03/2022 FTSE Closed at 7170 points. Change of -0.32%. Total value traded through LSE was: £ 6,841,972,853 a change of 11.2%
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:BP. BP PLC** **LSE:CNA Centrica** **LSE:DDDD 4D Pharma** **LSE:EME Empyrean** **LSE:GENL Genel** **LSE:ITRK Intertek** **
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Updated charts published on : Astrazeneca, BP PLC, Centrica, 4D Pharma, Empyrean, Genel, Intertek,
LSE:AZN Astrazeneca. Close Mid-Price: 9730 Percentage Change: + 1.63% Day High: 9725 Day Low: 9560
Further movement against Astrazeneca ABOVE 9725 should improve accelerati ……..
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View Previous Astrazeneca & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 387.9 Percentage Change: + 4.47% Day High: 390.9 Day Low: 375.45
Target met. Continued trades against BP. with a mid-price ABOVE 390.9 sho ……..
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View Previous BP PLC & Big Picture ***
LSE:CNA Centrica. Close Mid-Price: 82.2 Percentage Change: + 2.21% Day High: 82.24 Day Low: 79.94
Target met. Further movement against Centrica ABOVE 82.24 should improve ……..
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View Previous Centrica & Big Picture ***
LSE:DDDD 4D Pharma. Close Mid-Price: 57 Percentage Change: + 27.23% Day High: 77 Day Low: 54.3
Target met. All 4D Pharma needs are mid-price trades ABOVE 77 to improve ……..
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View Previous 4D Pharma & Big Picture ***
LSE:EME Empyrean. Close Mid-Price: 10.4 Percentage Change: + 16.20% Day High: 10.75 Day Low: 9.1
Target met. Further movement against Empyrean ABOVE 10.75 should improve ……..
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View Previous Empyrean & Big Picture ***
LSE:GENL Genel. Close Mid-Price: 172 Percentage Change: + 2.02% Day High: 172 Day Low: 167.6
Target met. Continued trades against GENL with a mid-price ABOVE 172 shou ……..
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View Previous Genel & Big Picture ***
LSE:ITRK Intertek Close Mid-Price: 5148 Percentage Change: -1.27% Day High: 5250 Day Low: 5126
In the event of Intertek enjoying further trades beyond 5250, the share s ……..
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View Previous Intertek & Big Picture ***