#FTSE #Gold
The other day, news broke that the woman who wrote “How To Murder Your Husband!” had been arrested, for murdering her husband. Perhaps someone at Tullow has a similar cunning plan, albeit perhaps too late, and will produce a book called “How To Murder A Share Price!”. From a high of 16 quid in 2012 to a low of 7.5p in 2020 took a special sort of management skill.
Thankfully, Wikipedia host a page which covers Tullows exploits and misfortunes in fascinating detail, the sum total of which indicates doing business in Africa is difficult and relying on the UK Government for help may perhaps become an error. It even gives mention to “Government figures were embroiled in the nexus of money and power fuelling climate change include William Hague, George Osborne, Michael Gove, Oliver Letwin, Vince Cable and Prime Minister David Cameron himself. Both William Hague and Michael Gove were said to have connections to Tullow”… Surprisingly, there’s no mention of the current UK PM.
The above screenshot is from their “About Us” page, surely suggesting the company must enjoy a strong base, a solid level from which the company share price almost must exhibit some recovery given what’s happening with Oil and Gas prices world wide? Unfortunately, at present there’s very little hope being displayed by recent price movements and perhaps investors feel understandably nervous, due to the company track record.
Presently trading around 55p, the share price requires exceed 61.5p to exceed Blue on the chart, a downtrend since 2019 which we feel shall prove relevant to the future. Movement above this line looks extremely capable of triggering recovery to an initial 69 with secondary, if bettered, at a comfortable looking 71.5p. We’ve a collection of different indicators, all giving the 71p level as a key target level, one which should prove game changing for the longer term, if the share price manages to close above 71p.
For now, there appears a slight issue, should the price discover an excuse to ignore world events and slump below 52p. This is potentially nasty, risking a visit to an initial 48p with secondary, if broken, at a hopeful bottom of 38p.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:20:00PM | BRENT | 115.76 | 115.02 | 113.43 | 111 | 116.47 | 120.14 | 120.84 | 122.78 | 118.45 | ‘cess |
| 9:21:49PM | GOLD | 1836.76 | Success | ||||||||
| 9:28:39PM | FTSE | 7599 | 7570 | 7545 | 7510 | 7605 | 7648 | 7661 | 7691 | 7610 | Success |
| 9:30:48PM | FRANCE | 6474 | Success | ||||||||
| 9:34:04PM | GERMANY | 14424 | Success | ||||||||
| 9:43:09PM | US500 | 4130 | Success | ||||||||
| 9:45:51PM | DOW | 33051 | Success | ||||||||
| 9:50:06PM | NASDAQ | 12650 | Success | ||||||||
| 9:51:59PM | JAPAN | 27208 | Shambles |
31/05/2022 FTSE Closed at 7607 points. Change of 0.09%. Total value traded through LSE was: £ 12,568,637,540 a change of 132.45%
30/05/2022 FTSE Closed at 7600 points. Change of 0.2%. Total value traded through LSE was: £ 5,407,099,048 a change of 2.21%
27/05/2022 FTSE Closed at 7585 points. Change of 0.28%. Total value traded through LSE was: £ 5,290,006,868 a change of -11.27%
26/05/2022 FTSE Closed at 7564 points. Change of 0.56%. Total value traded through LSE was: £ 5,961,976,188 a change of -3.28%
25/05/2022 FTSE Closed at 7522 points. Change of 0.51%. Total value traded through LSE was: £ 6,164,105,326 a change of -26.57%
24/05/2022 FTSE Closed at 7484 points. Change of -0.39%. Total value traded through LSE was: £ 8,394,166,006 a change of 28.44%
23/05/2022 FTSE Closed at 7513 points. Change of 1.68%. Total value traded through LSE was: £ 6,535,271,427 a change of -11.05%
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:BP. BP PLC** **LSE:ECO ECO (Atlantic) O & G** **LSE:IGAS Igas Energy** **LSE:SRP Serco** **LSE:TRN The Trainline** **
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Updated charts published on : BP PLC, ECO (Atlantic) O & G, Igas Energy, Serco, The Trainline,
LSE:BP. BP PLC. Close Mid-Price: 434.25 Percentage Change: + 0.17% Day High: 441.3 Day Low: 431.35
Further movement against BP PLC ABOVE 441.3 should improve acceleration t ……..
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View Previous BP PLC & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 30.5 Percentage Change: + 4.10% Day High: 30.5 Day Low: 29.25
Target met. All ECO (Atlantic) O & G needs are mid-price trades ABOVE 30. ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:IGAS Igas Energy Close Mid-Price: 27.9 Percentage Change: -2.11% Day High: 30 Day Low: 27.5
Target met. In the event Igas Energy experiences weakness below 27.5 it c ……..
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View Previous Igas Energy & Big Picture ***
LSE:SRP Serco. Close Mid-Price: 176.2 Percentage Change: + 0.51% Day High: 178 Day Low: 175.3
In the event of Serco enjoying further trades beyond 178, the share shoul ……..
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View Previous Serco & Big Picture ***
LSE:TRN The Trainline Close Mid-Price: 318.7 Percentage Change: -2.92% Day High: 333.4 Day Low: 315.4
All The Trainline needs are mid-price trades ABOVE 333.4 to improve accel ……..
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View Previous The Trainline & Big Picture ***