#Gold ~Nasdaq
Every now and then, a company name invokes a vivid memory. #Deepverge is one such, unearthing a long forgotten event. The problem started with the Vauxhall factory rally team, lending our family firm a prize winning car for the place of honour at a motor show. The vehicle came with all the usual caveats, it couldn’t be driven on public roads, must remain spotless, etc etc. A comedy of family dominoes ensured a schoolkid, who looked exactly like me, was tasked with winching it onto a trailer and towing it 120 miles on the A82 to an event in Fort William.
If your family background is “motor trade”, you’ve probably been driving since your feet could reach the pedals, so this particular idiot with his brand new driving licence was perfectly capable for the task. In any case, it was summer and final exams had finished, so being at a loose end was almost a crime.
The problem was the trailer. Turning up at the storage yard at 7am, there was a noticeable gap where the trailer should be. Some digging revealed a surprise, the workshop manager had taken it to retrieve a 4WD from an important client in Aberdeenshire. I was not licensed to drive a heavier commercial vehicle which could have taken the rally car. It was time to start waking people up, all of whom were already at Fort William. Several threats later, now tasked with driving the rally car to the event, I locked the storage compound gates, enjoying the quiet roads out of Glasgow. The car, a Vauxhall Chevette 2.3 I think, was noisy, rattled, and only came into its own at higher revs and higher speeds. Back then, at the top of Loch Lomond, there was a notorious 8 mile stretch of road, often flooded, narrow, and impossible to pass on so I entertained myself behind a slow moving bus, goosing the throttle, slowing down, the whole boy racer thing. The occasion was ably assisted by the fact I was actually in a racing car. The awful Loch Lomond stretch ended with a set of ‘temporary traffic lights’ which already had been in place for nearly 20 years. The bus, now decorated with a bunch of girls, obviously completely in awe of me, waving out the rear window, pulled through the final slow section, eased passed the usual queue of vehicles on the other side of the lights, and entered an uphill straight, well known as a key area to pass traffic. I pulled out, buried the accelerator, and promptly spun, eventually propelled down a deep verge into a muddy gully. The view over Loch Lomond was quite pretty.
After ensuring I’d spun the wheels sufficiently to really dig myself in, Lady Luck smiled on me. A heavy vehicle pulled up to offer to drag me out. Aside from quite a lot of damage to the front spotlights, the car was fine, the final leg of the drive completed by 11am. Unfortunately, the ‘Award Winning Rally Car’ now looked like it had just completed a stage in the mud but the sales folk decided this was a good thing, proving the car was the real deal. Me, I was sent home by train and told exactly who would be cleaning the machine and repairing the damage. We got away with it, Vauxhall failing to ‘rumble’ the car had been quite active.
As for Deepverge share price, we’re a little concerned by movements this year. There was a pretty convincing argument favouring a plunge for this fascinating company to a bottom around 12.75p. The share price was supposed to hit this level and provide a convincing bounce. With utter conviction, on March 8th, the price closed a session at 12.5p, marginally below our Big Picture drop target and quite spitefully, creating a situation where ultimate bottom now resides at 8p. We effectively cannot calculate any serious target below the 8p level.
There’s now the situation where the price requires above 14.7p to hint at the first box being ticked in a surprise recovery. Such a triggering movement looks capable of attempting an initial 15.8p with secondary, if bettered, at 20.7p and a challenge of the immediate Blue downtrend. Our nerves come from the fact the share price has now repeatedly explored below our previous ultimate bottom target of 12.75p and visually, is attempting to pretend there’s a glass floor at 12p. We’ve no immediate calculations to assure us this glass floor level shall prove real and thus, it may prove worthwhile keeping an eye in case Deepverge drive into a verge with a bottom now at 8p, hopefully a level which causes a bounce.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:47:28PM | BRENT | 106.86 | Success | ||||||||
| 9:49:19PM | GOLD | 1922 | 1916 | 1913 | 1902 | 1933 | 1946 | 1952 | 1964 | 1930 | Success |
| 9:51:28PM | FTSE | 7500.26 | ‘cess | ||||||||
| 9:53:50PM | FRANCE | 6642.3 | Success | ||||||||
| 9:56:18PM | GERMANY | 14547 | Success | ||||||||
| 9:59:18PM | US500 | 4578 | ‘cess | ||||||||
| 10:01:22PM | DOW | 34961 | Shambles | ||||||||
| 10:03:30PM | NASDAQ | 14984 | 14659 | 14561 | 14417 | 14777 | 14993 | 15014 | 15119 | 14830 | Success |
| 10:05:20PM | JAPAN | 28191 |
28/03/2022 FTSE Closed at 7473 points. Change of -0.13%. Total value traded through LSE was: £ 5,786,403,389 a change of -6.97%
25/03/2022 FTSE Closed at 7483 points. Change of 0.21%. Total value traded through LSE was: £ 6,219,662,517 a change of -9.68%
24/03/2022 FTSE Closed at 7467 points. Change of 0.09%. Total value traded through LSE was: £ 6,886,600,225 a change of 4.56%
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%
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:AV. Aviva** **LSE:AZN Astrazeneca** **LSE:BT.A British Telecom** **LSE:FGP Firstgroup** **LSE:GENL Genel** **LSE:JET Just Eat** **LSE:POG Petrop etc** **LSE:POLY Polymetal** **LSE:SRP Serco** **LSE:TSCO Tesco** **
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Updated charts published on : Aviva, Astrazeneca, British Telecom, Firstgroup, Genel, Just Eat, Petrop etc, Polymetal, Serco, Tesco,
LSE:AV. Aviva. Close Mid-Price: 446.5 Percentage Change: + 1.99% Day High: 453.8 Day Low: 440.2
Target met. Further movement against Aviva ABOVE 453.8 should improve acc ……..
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View Previous Aviva & Big Picture ***
LSE:AZN Astrazeneca. Close Mid-Price: 9894 Percentage Change: + 0.52% Day High: 9998 Day Low: 9840
Continued trades against AZN with a mid-price ABOVE 9998 should improve t ……..
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View Previous Astrazeneca & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 187 Percentage Change: + 0.65% Day High: 187.95 Day Low: 185.8
In the event of British Telecom enjoying further trades beyond 187.95, th ……..
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View Previous British Telecom & Big Picture ***
LSE:FGP Firstgroup. Close Mid-Price: 109.5 Percentage Change: + 2.05% Day High: 112 Day Low: 108.1
All Firstgroup needs are mid-price trades ABOVE 112 to improve accelerati ……..
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View Previous Firstgroup & Big Picture ***
LSE:GENL Genel Close Mid-Price: 178.4 Percentage Change: -1.55% Day High: 185.2 Day Low: 177.6
Target met. In the event of Genel enjoying further trades beyond 185.2, t ……..
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View Previous Genel & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 2632 Percentage Change: + 2.95% Day High: 2734 Day Low: 2516.5
Near term, above 2734 calculates with the potential of a lift to 2839p. If ……..
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View Previous Just Eat & Big Picture ***
LSE:POG Petrop etc. Close Mid-Price: 3 Percentage Change: + ##.##% Day High: 3 Day Low: 1.46
All Petrop etc needs are mid-price trades ABOVE 3 to improve acceleration ……..
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View Previous Petrop etc & Big Picture ***
LSE:POLY Polymetal. Close Mid-Price: 243 Percentage Change: + 38.07% Day High: 261.2 Day Low: 192.7
Target met. Continued trades against POLY with a mid-price ABOVE 261.2 sh ……..
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View Previous Polymetal & Big Picture ***
LSE:SRP Serco. Close Mid-Price: 145 Percentage Change: + 2.11% Day High: 146 Day Low: 141.7
In the event of Serco enjoying further trades beyond 146, the share shoul ……..
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View Previous Serco & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 280.25 Percentage Change: + 1.63% Day High: 281.75 Day Low: 276.45
All Tesco needs are mid-price trades ABOVE 281.75 to improve acceleration ……..
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View Previous Tesco & Big Picture ***