#Gold #SP500
It’s that time of year when we start playing “chicken” with the grass. Is it worth starting the little tractor, only for a surprise monsoon and a blast of sunshine to promote hysterical growth? Or do we get used to playing hide and seek in the lawn with the animals, before the inevitable fall back. This nonsense is about as complicated as Gulf Marine’s share price, will it grow or not!
A few emails asked our thoughts on Gulf Marine Services were received, their share price remaining distinctly unimpressed with the changing price of crude oil. Movements since 2019 certainly have proven pretty useless but there are a couple of details worthy of consideration.
Perhaps importantly, there’s the Blue downtrend since 2018. The share price recently broke through this trend, surging upward by a less than flamboyant 1p. But some consideration should be given to the circled area on the chart as between May and the start of August, the market paid almost fanatical degrees of interest to the long term downtrend. When this type of thing occurs, it’s often the case where the wider market is awaiting some news from a company, perhaps a contract, perhaps an Earnings Report, perhaps news of a Golden Goose relieved of constipation. In the period since the trend break occurred, very little has taken place but, in the event of positive news flow, share price recovery will inevitably be quite sharp and vivid.
From an immediate perspective, it appears to be the case movement above just 7.2p should trigger share price recovery to an initial 9p with our secondary, if bettered, calculating at a slightly more useful 10.4p. Neither ambition is particularly exciting but it’s going to be worth remembering any break upward is liable to be influenced by a bigger picture longer term target at 14.6p
The share price requires close a session below 5.5p to dissolve any current confidence in its future.
Finally, we’ve shown a whimsical Big Picture target level of 30p, a figure which is very theoretically possible in a distant future and also, a target level which somehow manages to bonk against a very obvious downtrend which dates back to 2014. This is one of these lines which can be drawn, may well prove meaningless, but if anything happened to supercharge a price rise, we’d be utterly confident it will stick its oar in, if only because it’s so completely and utterly obvious.
An interesting share, maybe worth keeping an eye on for any surprise activity.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:46:53PM | BRENT | 94.92 | ‘cess | ||||||||
| 9:48:50PM | GOLD | 1710.38 | 1707 | 1703 | 1698 | 1715 | 1715 | 1718 | 1728 | 1707 | |
| 9:51:02PM | FTSE | 7278 | |||||||||
| 9:53:06PM | STOX50 | 3482 | Success | ||||||||
| 9:58:31PM | GERMANY | 12739 | |||||||||
| 10:00:36PM | US500 | 3936 | 3917 | 3908 | 3898 | 3935 | 3940 | 3945 | 3954 | 3932 | |
| 10:03:06PM | DOW | 31437 | |||||||||
| 10:18:40PM | NASDAQ | 12126 | |||||||||
| 10:20:19PM | JAPAN | 27680 | ‘cess |
5/09/2022 FTSE Closed at 7287 points. Change of 0.08%. Total value traded through LSE was: £ 4,396,051,138 a change of -10.86%
2/09/2022 FTSE Closed at 7281 points. Change of 1.86%. Total value traded through LSE was: £ 4,931,431,269 a change of -2.21%
1/09/2022 FTSE Closed at 7148 points. Change of -1.87%. Total value traded through LSE was: £ 5,042,745,604 a change of -38.48%
31/08/2022 FTSE Closed at 7284 points. Change of -1.05%. Total value traded through LSE was: £ 8,197,472,854 a change of 27.31%
30/08/2022 FTSE Closed at 7361 points. Change of -0.89%. Total value traded through LSE was: £ 6,438,857,207 a change of 48.05%
26/08/2022 FTSE Closed at 7427 points. Change of -0.7%. Total value traded through LSE was: £ 4,349,079,886 a change of 12.01%
25/08/2022 FTSE Closed at 7479 points. Change of -100%. Total value traded through LSE was: £ 3,882,636,574 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:AML Aston Martin** **LSE:ASC Asos** **LSE:BT.A British Telecom** **LSE:ECO ECO (Atlantic) O & G** **LSE:HIK Hikma** **LSE:IAG British Airways** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:JET Just Eat** **LSE:VOD Vodafone** **
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Updated charts published on : Aston Martin, Asos, British Telecom, ECO (Atlantic) O & G, Hikma, British Airways, ITM Power, Intertek, Just Eat, Vodafone,
LSE:AML Aston Martin Close Mid-Price: 405 Percentage Change: -15.64% Day High: 458.6 Day Low: 403
Target met. In the event Aston Martin experiences weakness below 403 it c ……..
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View Previous Aston Martin & Big Picture ***
LSE:ASC Asos Close Mid-Price: 667 Percentage Change: -2.63% Day High: 667.5 Day Low: 621
Target met. Continued weakness against ASC taking the price below 621 cal ……..
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View Previous Asos & Big Picture ***
LSE:BT.A British Telecom Close Mid-Price: 144.65 Percentage Change: -1.23% Day High: 145.5 Day Low: 142.25
Weakness on British Telecom below 142.25 will invariably lead to 141 with ……..
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View Previous British Telecom & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 36 Percentage Change: + 4.05% Day High: 35.75 Day Low: 34.5
All ECO (Atlantic) O & G needs are mid-price trades ABOVE 35.75 to improv ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:HIK Hikma Close Mid-Price: 1279 Percentage Change: -2.22% Day High: 1295 Day Low: 1267.5
If Hikma experiences continued weakness below 1267.5, it will invariably ……..
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View Previous Hikma & Big Picture ***
LSE:IAG British Airways Close Mid-Price: 105.4 Percentage Change: -2.75% Day High: 106.44 Day Low: 104.1
Weakness on British Airways below 104.1 will invariably lead to 99 with ……..
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View Previous British Airways & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 172.65 Percentage Change: -3.76% Day High: 178.8 Day Low: 171.55
Target met. If ITM Power experiences continued weakness below 171.55, it ……..
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View Previous ITM Power & Big Picture ***
LSE:ITRK Intertek Close Mid-Price: 3920 Percentage Change: -0.88% Day High: 3907 Day Low: 3837
In the event Intertek experiences weakness below 3837 it calculates with ……..
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View Previous Intertek & Big Picture ***
LSE:JET Just Eat Close Mid-Price: 1362.4 Percentage Change: -4.70% Day High: 1389.4 Day Low: 1336.6
Continued weakness against JET taking the price below 1336.6 calculates a ……..
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View Previous Just Eat & Big Picture ***
LSE:VOD Vodafone Close Mid-Price: 112.34 Percentage Change: -1.32% Day High: 113.42 Day Low: 111.22
Continued weakness against VOD taking the price below 111.22 calculates a ……..
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View Previous Vodafone & Big Picture ***