#FTSE #STOXX
Probably the most common email we receive asks; “has xyz bottomed?”. It’s often a difficult question, requiring quite a few criteria examined in the hope of discovering, just how long a bit of string is! Revolution Plc present a share where it’s actually impossible to define a bottom, the price falling from 170p to 17p in just a year with what looks like an out of control descent.
In other words, at no stage could we have calculated a logical bottom for the share price…
At best, all we can currently offer is a series of “best case” scenario, where we can perhaps postulate on situations where surprise price recovery looks possible.
The immediate situation suggests movement above 28.5p should promote recovery to an initial 37p with secondary, if bettered, at 46p and a possible collision against the immediate downtrend in Blue. Closure above 46p shall make it difficult not to assume “bottom” is in, this taking the share price into a region where a future cycle to 86p becomes a viable ambition. The harsh reality of the immediate situation is pretty simple, until such time their share price actually closes above the Blue downtrend, it remains trading in a zone where it’s simply not possible to calculate a logical bottom.
We did visit the company website, looking for ammunition to pad out our report. We’ve opted not to ‘go there’, feeling quite bewildered at the range of make ups available. Surely everyone knows, from a blokes perspective, the only thing ever needed is Clinique shaving cream.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:03:51PM | BRENT | 92.36 | |||||||||
| 10:05:32PM | GOLD | 1775 | ‘cess | ||||||||
| 10:08:42PM | FTSE | 7563 | 7518 | 7501 | 7479 | 7538 | 7564 | 7578 | 7617 | 7532 | ‘cess |
| 10:10:35PM | STOX50 | 3820 | 3785 | 3772 | 3756 | 3802 | 3821 | 3827 | 3841 | 3805 | ‘cess |
| 10:12:25PM | GERMANY | 13950 | ‘cess | ||||||||
| 10:19:05PM | US500 | 4307 | Success | ||||||||
| 10:21:44PM | DOW | 34138 | Success | ||||||||
| 10:23:24PM | NASDAQ | 13635 | ‘cess | ||||||||
| 10:25:24PM | JAPAN | 28972 | ‘cess |
16/08/2022 FTSE Closed at 7536 points. Change of 0.36%. Total value traded through LSE was: £ 4,348,545,250 a change of 13.62%
15/08/2022 FTSE Closed at 7509 points. Change of 0.12%. Total value traded through LSE was: £ 3,827,179,402 a change of -9.76%
12/08/2022 FTSE Closed at 7500 points. Change of 0.47%. Total value traded through LSE was: £ 4,240,976,226 a change of -17.45%
11/08/2022 FTSE Closed at 7465 points. Change of -0.56%. Total value traded through LSE was: £ 5,137,633,275 a change of -1.15%
10/08/2022 FTSE Closed at 7507 points. Change of 0.25%. Total value traded through LSE was: £ 5,197,338,086 a change of -9.09%
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%
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:AFC AFC Energy** **LSE:ASC Asos** **LSE:BBY BALFOUR BEATTY** **LSE:DARK Darktrace Plc** **LSE:FGP Firstgroup** **LSE:GLEN Glencore Xstra** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:NG. National Glib** **LSE:RKH Rockhopper** **
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Updated charts published on : AFC Energy, Asos, BALFOUR BEATTY, Darktrace Plc, Firstgroup, Glencore Xstra, British Airways, Igas Energy, IG Group, Intercontinental Hotels Group, ITM Power, National Glib, Rockhopper,
LSE:AFC AFC Energy. Close Mid-Price: 33.96 Percentage Change: + 2.23% Day High: 34.5 Day Low: 32.7
In the event of AFC Energy enjoying further trades beyond 34.5, the share ……..
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View Previous AFC Energy & Big Picture ***
LSE:ASC Asos Close Mid-Price: 959.5 Percentage Change: -0.52% Day High: 983 Day Low: 952.5
Weakness on Asos below 952 will invariably lead to 946 with secondary (if ……..
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View Previous Asos & Big Picture ***
LSE:BBY BALFOUR BEATTY. Close Mid-Price: 289.2 Percentage Change: + 0.98% Day High: 293.2 Day Low: 285
Target Met. Ongoing traffic above 294 now points at 305 next with secondar ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:DARK Darktrace Plc. Close Mid-Price: 515.2 Percentage Change: + 24.20% Day High: 532.8 Day Low: 481.1
Target Met. Now above 533 indicates the potential of 541 next with seconda ……..
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View Previous Darktrace Plc & Big Picture ***
LSE:FGP Firstgroup Close Mid-Price: 114.2 Percentage Change: -11.40% Day High: 130.3 Day Low: 107.2
Below 107 now points at the potential of a bottom at 102p. If broken, our ……..
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View Previous Firstgroup & Big Picture ***
LSE:GLEN Glencore Xstra. Close Mid-Price: 482.9 Percentage Change: + 3.96% Day High: 485.65 Day Low: 467.95
In the event of Glencore Xstra enjoying further trades beyond 486, the sha ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 123 Percentage Change: + 2.01% Day High: 122.66 Day Low: 119.78
All British Airways needs are mid-price trades ABOVE 123 to improve ascen ……..
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View Previous British Airways & Big Picture ***
LSE:IGAS Igas Energy Close Mid-Price: 75.4 Percentage Change: -10.24% Day High: 88 Day Low: 66.2
Continued trades against IGAS with a mid-price ABOVE 89 should improve the ……..
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View Previous Igas Energy & Big Picture ***
LSE:IGG IG Group Close Mid-Price: 842.5 Percentage Change: -0.59% Day High: 851 Day Low: 843.5
In the event of IG Group enjoying further trades beyond 851, the share sho ……..
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View Previous IG Group & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5106 Percentage Change: + 0.47% Day High: 5300 Day Low: 5078
Further movement against Intercontinental Hotels Group ABOVE 5300 should i ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 244.5 Percentage Change: -2.36% Day High: 260 Day Low: 236.9
All ITM Power needs are mid-price trades ABOVE 260 to improve acceleration ……..
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View Previous ITM Power & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 1168 Percentage Change: + 1.43% Day High: 1175.5 Day Low: 1157
Continued trades against NG. with a mid-price ABOVE 1176 should improve th ……..
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View Previous National Glib & Big Picture ***
LSE:RKH Rockhopper. Close Mid-Price: 8.86 Percentage Change: + 1.84% Day High: 9.5 Day Low: 8.38
This is now getting a little complex but above 9.5 now indicates the poten ……..
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View Previous Rockhopper & Big Picture ***