#FTSE #STOXX50 An aspect of marketing is generally “the big lie”. Naming an ice covered, arctic island “Greenland” was an early example. And in Scotland, we have “The Summer Isles”, a hellhole of bad weather for most of the year. Whereas in England, there’s always “Cheddar Gorge”, a pleasant drive but always utterly bereft of cheese.
Greenland was named quite deliberately, in the hope of attracting gullible Norse settlers to an island 80% covered by ice sheets, a place which rivals “The Summer Isles” for vegetation cover. And similar to Cheddar Gorge, the streets are not paved with cheese.
Bluejay Mining are centred on Greenland, doubtless taking advantage of climate change due to more of the landscape becoming accessible for mining operations. They’re focussed on a mineral sand called ilmenite (or limenite), essentially the most important or of titanium, used in producing lightweight strong metal components. In addition, titanium oxide provides substantial longevity in paints, inks, plastics, and so on, even somehow including some foodstuffs. This latter fact fell into the category of “I don’t want to know”.
We’re writing about Bluejay Mining, thanks to a few emails asking our opinion of their share price future potentials.It’s not difficult to understand why folk are suddenly interested, thanks to their share price experiencing a 43% leap on 9th August. Hopefully it’s not just the result of spurious internet chatroom gossip, especially as the upward surge has landed the share in a pretty comfortable position, making further advances a quite viable proposition.
Movement now continuing north above 7.05p suggests the potential of a visit to a warm sounding 8.8p next. Should the market successfully close above this level, our longer term secondary calculates at 12p. Normally, we’d simply say “if 8.8p is exceeded, our secondary is 12p” but in this instance, with such a massive jump, we’re understandably nervous at the risk of creating enhanced expectations. But we shall admit a visit to 12p makes a lot of visual sense and closure above such a point ‘risks’ becoming game changing for the long term.
The share price requires to fall below 4.3p to suggest ditching snow boots and investing in running shoes.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:19:21PM | BRENT | 95.91 | ‘cess | ||||||||
| 9:40:32PM | GOLD | 1794 | ‘cess | ||||||||
| 9:49:08PM | FTSE | 7493.97 | 7468 | 7456 | 7440 | 7488 | 7504 | 7516 | 7522 | 7484 | |
| 9:51:33PM | STOX50 | 3720 | 3704 | 3684 | 3652 | 3733 | 3743 | 3759 | 3792 | 3704 | ‘cess |
| 9:53:16PM | GERMANY | 13541 | ‘cess | ||||||||
| 9:55:37PM | US500 | 4127 | |||||||||
| 9:57:34PM | DOW | 32810 | |||||||||
| 10:00:03PM | NASDAQ | 13031 | Success | ||||||||
| 10:03:12PM | JAPAN | 27871 | Success |
9/08/2022 FTSE Closed at 7488 points. Change of 0.08%. Total value traded through LSE was: £ 5,716,882,880 a change of 22.59%
8/08/2022 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 4,663,235,289 a change of 8.84%
5/08/2022 FTSE Closed at 7439 points. Change of -0.12%. Total value traded through LSE was: £ 4,284,416,444 a change of -24.22%
4/08/2022 FTSE Closed at 7448 points. Change of 0.04%. Total value traded through LSE was: £ 5,653,918,717 a change of 0.91%
3/08/2022 FTSE Closed at 7445 points. Change of 0.49%. Total value traded through LSE was: £ 5,602,756,478 a change of -3.28%
2/08/2022 FTSE Closed at 7409 points. Change of -0.05%. Total value traded through LSE was: £ 5,792,539,911 a change of 52.35%
1/08/2022 FTSE Closed at 7413 points. Change of -0.13%. Total value traded through LSE was: £ 3,802,113,332 a change of -37.81%
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:ASC Asos** **LSE:BP. BP PLC** **LSE:IGAS Igas Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:PPC President Energy** **
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Updated charts published on : Asos, BP PLC, Igas Energy, Intercontinental Hotels Group, President Energy,
LSE:ASC Asos Close Mid-Price: 983 Percentage Change: -5.84% Day High: 1052 Day Low: 970
Continued weakness against ASC taking the price below 970 calculates as l ……..
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View Previous Asos & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 422.55 Percentage Change: + 1.50% Day High: 425.65 Day Low: 415.9
In the event of BP PLC enjoying further trades beyond 425.65, the share s ……..
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View Previous BP PLC & Big Picture ***
LSE:IGAS Igas Energy. Close Mid-Price: 56 Percentage Change: + 0.36% Day High: 59 Day Low: 56
Target met. All Igas Energy needs are mid-price trades ABOVE 59 to improv ……..
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View Previous Igas Energy & Big Picture ***
LSE:IHG Intercontinental Hotels Group Close Mid-Price: 4967 Percentage Change: -0.98% Day High: 5056 Day Low: 4900
Continued trades against IHG with a mid-price ABOVE 5056 should improve t ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:PPC President Energy Close Mid-Price: 1.2 Percentage Change: -4.00% Day High: 1.25 Day Low: 1.2
Target met. If President Energy experiences continued weakness below 1.2, ……..
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View Previous President Energy & Big Picture ***