SGL Carbon SE, holding the world together!

XE:SGL #Brent #WallSt

The carbon fibre industry is fascinating, due to the sheer mass of applications in which this amazing product finds itself. For most of us, the only frequent reminder are Formula1 commentators moaning about how long it takes track marshals to brush carbon fibre away, following a race track incident. In reality, whether it’s aircraft, wind turbines, building insulation, prosthetic limbs, or even Lithium-Ion batteries, both carbon and graphite are found. Someone once described carbon as “the duct tape of life”, a pretty fair description.

The company SGL are one of the biggies in the field with 31 locations worldwide. Back in the 1990’s, they even gained notoriety as a ringleader in a cartel which controlled supply and prices of carbon to the North American markets! However, nowadays, we’d be more inclined to congratulate their good taste in having a manufacturing facility in Muir of Ord in the Scottish Highlands, a convenient jumping off point for everywhere interesting in the north.

 

Our weekly trawl of European traded shares which look interesting revealed something potentially positive for SGL.

Currently, trades above 7.4€ should provoke further price recovery to an initial 8.2 euro. This is where things have the potential to trigger a change in the share price’ fortunes. Closure above 8.2 will place the price above the merciless Blue downtrend since 2012. Such a movement should prove sufficient for an attempt at 11.2€ initially, along with some almost certain hesitation due to prior highs. However, should 11.2 be exceeded, we can plan for a longer term 14.8€, along with a need to once again review the share price future.

For everything to go horribly wrong, the price needs crash below 4.85. Should such a tragedy occur, goodness knows how many race marshals shall be needed to brush up the mess…

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:42:20PM BRENT 123.2 119.64 118.45 116.74 121.63 123.58 124.11 124.49 122.48 Success
10:06:07PM GOLD 1853 ‘cess
10:08:11PM FTSE 7567
10:09:59PM FRANCE 6407
10:15:08PM GERMANY 14392
10:16:48PM US500 4119
10:19:45PM DOW 32930 32816 32777 32633 32978 33255 33414 33619 33015
10:21:43PM NASDAQ 12624
10:23:18PM JAPAN 28130 Not got a clue! 28284 28333 28734 27873
8/06/2022 FTSE Closed at 7593 points. Change of -0.07%. Total value traded through LSE was: £ 6,758,685,339 a change of -1.74%
7/06/2022 FTSE Closed at 7598 points. Change of -0.13%. Total value traded through LSE was: £ 6,878,313,102 a change of 13.3%
6/06/2022 FTSE Closed at 7608 points. Change of 1.01%. Total value traded through LSE was: £ 6,070,626,814 a change of 3.85%
1/06/2022 FTSE Closed at 7532 points. Change of -0.99%. Total value traded through LSE was: £ 5,845,714,503 a change of -53.49%
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 -100%. Total value traded through LSE was: £ 5,407,099,048 a change of 0%
27/05/2022 FTSE Closed at 7585 points. Change of 0%. Total value traded through LSE was: £ 5,290,006,868 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

Click Epic to jump to share: LSE:BBY BALFOUR BEATTY** **LSE:BP. BP PLC** **LSE:DDDD 4D Pharma** **LSE:EZJ EasyJet** **LSE:GKP Gulf Keystone** **LSE:IGAS Igas Energy** **LSE:IQE IQE** **LSE:ITRK Intertek** **LSE:RMG Royal Mail** **LSE:SBRY Sainsbury** **LSE:SRP Serco** **

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Updated charts published on : BALFOUR BEATTY, BP PLC, 4D Pharma, EasyJet, Gulf Keystone, Igas Energy, IQE, Intertek, Royal Mail, Sainsbury, Serco,

LSE:BBY BALFOUR BEATTY Close Mid-Price: 267 Percentage Change: -0.37% Day High: 273.6 Day Low: 266.6

Further movement against BALFOUR BEATTY ABOVE 273.6 should improve accele ……..

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View Previous BALFOUR BEATTY & Big Picture ***

LSE:BP. BP PLC. Close Mid-Price: 451.4 Percentage Change: + 1.10% Day High: 452.5 Day Low: 448.75

Target met. Continued trades against BP. with a mid-price ABOVE 452.5 sho ……..

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View Previous BP PLC & Big Picture ***

LSE:DDDD 4D Pharma Close Mid-Price: 30.4 Percentage Change: -3.80% Day High: 31.7 Day Low: 29.8

If 4D Pharma experiences continued weakness below 29.8, it will invariabl ……..

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View Previous 4D Pharma & Big Picture ***

LSE:EZJ EasyJet Close Mid-Price: 478.5 Percentage Change: -1.95% Day High: 496.9 Day Low: 462.3

Continued weakness against EZJ taking the price below 462.3 calculates as ……..

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View Previous EasyJet & Big Picture ***

LSE:GKP Gulf Keystone. Close Mid-Price: 310 Percentage Change: + 3.16% Day High: 310 Day Low: 302

Target met. Continued trades against GKP with a mid-price ABOVE 310 shoul ……..

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View Previous Gulf Keystone & Big Picture ***

LSE:IGAS Igas Energy Close Mid-Price: 25.5 Percentage Change: -1.92% Day High: 26 Day Low: 24.2

If Igas Energy experiences continued weakness below 24.2, it will invaria ……..

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View Previous Igas Energy & Big Picture ***

LSE:IQE IQE. Close Mid-Price: 41 Percentage Change: + 13.89% Day High: 41.05 Day Low: 35.85

In the event of IQE enjoying further trades beyond 41.05, the share shoul ……..

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LSE:ITRK Intertek Close Mid-Price: 4490 Percentage Change: -1.56% Day High: 4585 Day Low: 4467

In the event Intertek experiences weakness below 4467 it calculates with ……..

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View Previous Intertek & Big Picture ***

LSE:RMG Royal Mail Close Mid-Price: 291.4 Percentage Change: -5.17% Day High: 307.9 Day Low: 290

In the event Royal Mail experiences weakness below 290 it calculates with ……..

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View Previous Royal Mail & Big Picture ***

LSE:SBRY Sainsbury. Close Mid-Price: 222.4 Percentage Change: + 0.45% Day High: 224.4 Day Low: 220.2

Target met. If Sainsbury experiences continued weakness below 220.2, it ……..

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LSE:SRP Serco. Close Mid-Price: 182.7 Percentage Change: + 0.50% Day High: 183.3 Day Low: 180.5

Target met. Further movement against Serco ABOVE 183.3 should improve acc ……..

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View Previous Serco & Big Picture ***

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

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