Will Pensana Plc develop a share price magnet?

#Gold #Dow

Very rarely will a corporate website fit the criteria “you got me at the first sentence!” but #Pensana Plc managed this feat. Their headline “Building The Worlds First Sustainable Magnet Metal Supply Chain” deserved immediate approval. The reason, a personal fascination with Neodymium Magnets. These things, finding uses everywhere, are amazing, capable of holding up to 1,000 times their own weight. They’re not toys and find themselves used everywhere. Even our garden gate closes quite firmly, thanks to a little magnet strategically placed.

More recently, a project to build a “rock tumbler” ran into an issue, the rotating cylinder tending to squirm its way along the rolls and eventually climb out of the tumbling frame. The solution proved simple, a magnet inside the cylinder and a magnet at the end of the frame. When the two identical poles came into each others proximity, the cylinder was repelled and would squirm its way in the opposite direction for a while. A nice simple solution with no moving parts.

Obviously, rare earth magnets are used extensively in other flippant areas, such as electric vehicles, wind turbines, fridge magnets… etc.


The surprise with all this enthusiasm for magnets is the current state of Pensana Plc share price. By our usual standards, we’re supposed to imply it risks heading to 2.5p but recently, at the start of April, price movements ticked the first box to cancel the break below the Red uptrend. The share price broke trend at 80p at the start of February this year, immediately making a visit to 2.5p a genuine risk. However, at the start of April, the share exceeded the point of trend break, strongly suggesting the drop threat is no longer lingering with intent. Instead, we should apparently be search for triggers which imply imminent gains, if such are possible against the background of the current stock market.

Visually it appears sane to allocate the most recent high of 93p as a viable trigger level. Movement above this level calculates with the potential of gains to an initial 122p. Our longer term secondary, if this initial ambition is exceeded, works out at 153p. Beyond such a level, we shall prefer to examine the tea leaves again as some quite disproportionate gains appear possible.

Perhaps the company intend develop a share price magnet… For everything to go horribly wrong, the share now requires trade below 59p as once again, our ridiculous potential of 2.5p shall become valid.

Many thanks to the nice folk who effectively “buy the coffee” when clicking on a fascinating advert on this page.


Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:34:32PM BRENT 102.26
10:59:08PM GOLD 1898.05 1891 1879 1853 1902 1919 1921 1931 1904 Success
11:01:29PM FTSE 7445.9 Success
11:03:12PM FRANCE 6524 Success
11:04:50PM GERMANY 14077.54 Success
11:06:26PM US500 4293
11:08:28PM DOW 34040 33298 33200 32896 33620 34112 34178 34390 33812
11:10:32PM NASDAQ 13511.24
11:12:29PM JAPAN 26794


25/04/2022 FTSE Closed at 7380 points. Change of -1.87%. Total value traded through LSE was: £ 6,962,693,363 a change of 2.9%
22/04/2022 FTSE Closed at 7521 points. Change of -1.39%. Total value traded through LSE was: £ 6,766,539,663 a change of -21.54%
21/04/2022 FTSE Closed at 7627 points. Change of -0.03%. Total value traded through LSE was: £ 8,624,086,669 a change of 11.51%
20/04/2022 FTSE Closed at 7629 points. Change of 0.37%. Total value traded through LSE was: £ 7,734,053,627 a change of 26.25%
19/04/2022 FTSE Closed at 7601 points. Change of -0.2%. Total value traded through LSE was: £ 6,126,164,773 a change of -7.53%
14/04/2022 FTSE Closed at 7616 points. Change of -100%. Total value traded through LSE was: £ 6,624,976,338 a change of 0%
13/04/2022 FTSE Closed at 7580 points. Change of 0%. Total value traded through LSE was: £ 5,507,163,189 a change of 0%

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

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Updated charts published on : Asos, Carclo, Cellular Goods, Hargreaves Lansdown, Just Eat, Ocado Plc, Rolls Royce, Sanne Plc,

LSE:ASC Asos Close Mid-Price: 1400 Percentage Change: -0.36% Day High: 1414 Day Low: 1377

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LSE:CAR Carclo Close Mid-Price: 25 Percentage Change: -1.38% Day High: 25.9 Day Low: 24

In the event Carclo experiences weakness below 24 it calculates with a dr ……..

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LSE:CBX Cellular Goods Close Mid-Price: 2.62 Percentage Change: -2.78% Day High: 2.62 Day Low: 2.25

If Cellular Goods experiences continued weakness below 2.25, it will inva ……..

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LSE:HL. Hargreaves Lansdown. Close Mid-Price: 978.8 Percentage Change: + 1.24% Day High: 982.4 Day Low: 946.4

If Hargreaves Lansdown experiences continued weakness below 946.4, it wil ……..

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LSE:JET Just Eat. Close Mid-Price: 2121 Percentage Change: + 0.57% Day High: 2171.5 Day Low: 2016

Weakness on Just Eat below 2016 will invariably lead to 1971 with seconda ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 1036 Percentage Change: -0.58% Day High: 1047 Day Low: 995.8

Target met. Continued weakness against OCDO taking the price below 995.8 ……..

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LSE:RR. Rolls Royce Close Mid-Price: 86.83 Percentage Change: -5.18% Day High: 91.52 Day Low: 87.03

Rolls Royce share price is really misbehaving as below 87 now suggests rev ……..

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LSE:SNN Sanne Plc. Close Mid-Price: 906 Percentage Change: + 0.00% Day High: 907 Day Low: 905

It’s still the base of below 899 suggesting reversal to an initial 848 wit ……..

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*** End of “Updated Today” comments on shares.

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