#Gold #Nasdaq
We’re continually asked about Rare Earth companies, Rainbow RE being the latest to invade our mailbox. Needless to say, the company website leads with an inevitable picture of a wind turbine, alone with references to the need for the fabulous magnets used in power generation. Our own fascination with permanent magnet rare earths recently found yet another use for the super strong metals.
A wife with a dangerous addiction to curtains causes problems every few years. It’s rare when changing room curtains is a straightforward job, generally involving new runners and invariably, a different style of curtain tie-backs. The tie-backs are a special nuisance, the curtain industry utterly failing to standardise the way they attach to a wall. With the triumphant air of a magician pulling another pigeon out of his ear, I finally beat the system by using some neodymium magnets. One was discretely glued to the wall, the other attached to the inside of new curtain and like a politician clutching an expense receipt, the new curtains held themselves in place without the benefit of tie-backs. My wife wanted to object, this method clearly breaking all the unwritten rules for curtains, but it was easy, it was invisible, and it worked, the curtain material bunched at the correct level.
Everyone involved in the Rare Earth industry must be constantly amazed at the surprise uses for these metals and Rainbow Rare Earth can take a bow, secure in the knowledge product from Gakara or Phalaborwa isn’t just generating electricity, it may be more gainfully employed holding our curtains back!
Armed with this information, we’re understandably puzzled at the immediate lacklustre behaviour of their share price. At time of writing, it’s trading around 12.25p.
Some immediate hope appears possible as movement above just 13.25p looks like it shall prove important, calculating with the potential of a lift to 14.5p next with secondary, if bettered, at 15.4p. Visually, this secondary ambition is a slight problem, failing to exceed the most recent share price high back in June. As a result, there appears a certain risk of some hesitation at such a level. Of course, if the company opted to release news their products are poised to revolutionise the curtain tie-back industry, everything could change fast as acceleration to 19.5 works out as very possible. All kidding aside, if the company do have any serious positive news to release, it looks like the 15.5p level would represent an ideal point in time to provide maximum benefit to the share price.
If everything intends go horribly wrong, the share needs trade below 10.5p, a visual nightmare and one which risks triggering a reversal cycle with an eventual bottom at 5.25p.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:15:00PM | BRENT | 98.02 | ‘cess | ||||||||
| 10:17:38PM | GOLD | 1735 | 1706 | 1686 | 1634 | 1732 | 1746 | 1753 | 1759 | 1734 | Success |
| 10:19:27PM | FTSE | 7177 | ‘cess | ||||||||
| 10:21:35PM | STOX50 | 3461 | ‘cess | ||||||||
| 10:25:37PM | GERMANY | 12764 | ‘cess | ||||||||
| 10:27:40PM | US500 | 3792.77 | Success | ||||||||
| 10:55:19PM | DOW | 30737 | Success | ||||||||
| 10:57:29PM | NASDAQ | 11707 | 11674 | 11628 | 11562 | 11761 | 11938 | 11977 | 12152 | 11772 | Success |
| 10:59:48PM | JAPAN | 26477 |
13/07/2022 FTSE Closed at 7156 points. Change of -0.74%. Total value traded through LSE was: £ 5,744,207,139 a change of 25.49%
12/07/2022 FTSE Closed at 7209 points. Change of 0.18%. Total value traded through LSE was: £ 4,577,434,257 a change of 19.25%
11/07/2022 FTSE Closed at 7196 points. Change of 0%. Total value traded through LSE was: £ 3,838,648,394 a change of -17.76%
8/07/2022 FTSE Closed at 7196 points. Change of 0.1%. Total value traded through LSE was: £ 4,667,898,504 a change of -40.47%
7/07/2022 FTSE Closed at 7189 points. Change of 1.15%. Total value traded through LSE was: £ 7,840,836,272 a change of 27.41%
6/07/2022 FTSE Closed at 7107 points. Change of 1.17%. Total value traded through LSE was: £ 6,153,962,952 a change of -14.34%
5/07/2022 FTSE Closed at 7025 points. Change of -2.86%. Total value traded through LSE was: £ 7,184,234,461 a change of 102.6%
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:CBX Cellular Goods** **LSE:JET Just Eat** **LSE:RBD Reabold Resources PLC** **LSE:RKH Rockhopper** **LSE:TRN The Trainline** **
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Updated charts published on : Cellular Goods, Just Eat, Reabold Resources PLC, Rockhopper, The Trainline,
LSE:CBX Cellular Goods. Close Mid-Price: 1.23 Percentage Change: + 16.67% Day High: 1.25 Day Low: 1.05
Something is maybe happening, though the offered spread risks obscuring th ……..
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View Previous Cellular Goods & Big Picture ***
LSE:JET Just Eat Close Mid-Price: 1208.6 Percentage Change: -5.58% Day High: 1271.2 Day Low: 1151.4
Target met. Weakness on Just Eat below 1151.4 will invariably lead to 106 ……..
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View Previous Just Eat & Big Picture ***
LSE:RBD Reabold Resources PLC. Close Mid-Price: 0.25 Percentage Change: + 2.04% Day High: 0.25 Day Low: 0.24
Continued weakness against RBD taking the price below 0.24 calculates as ……..
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View Previous Reabold Resources PLC & Big Picture ***
LSE:RKH Rockhopper Close Mid-Price: 7.04 Percentage Change: -0.98% Day High: 6.7 Day Low: 6.54
Continued weakness against RKH taking the price below 6.54 calculates as ……..
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View Previous Rockhopper & Big Picture ***
LSE:TRN The Trainline. Close Mid-Price: 365.9 Percentage Change: + 3.07% Day High: 387.6 Day Low: 360.4
Target met. Continued trades against TRN with a mid-price ABOVE 387.6 sho ……..
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View Previous The Trainline & Big Picture ***