#Gold #Nasdaq
Childhood memories of visiting the circus, clowns making a honking entrance between acts to tear around the ring, falling off bicycles, hanging off fire engines, and generally driving ridiculous cars, are being evoked with virtually every Grand Prix this year. Unfortunately, none of the clowns have big red noses, floppy ears and oversized shoes. Instead, they masquerade as the Ferrari pit crew, dressed impeccably but sometimes, all that’s lacking are those big honking horns.
The most recent race saw the pit crew rudely awakened when one of their cars appeared, all ran into place except one of them forgot a wheel. Cue instant chaos.
Obviously, it begs the question, how is Ferrari share price faring?
Visually, the answer appears to be not very well.
From an immediate perspective (another clown show potential this weekend, this time at Ferrari’s home circus arena) there’s a strong suggestion weakness now below 187 shall engage reversal to an initial 183. If broken, our secondary is at 173 and visually, there’s a reasonable hope for a bounce at such a level. We should warn, in the event 173 breaks, ongoing reversal to an eventual bottom (hopefully) down at 134 becomes extremely possible.
If Ferrari share price intends do anything useful, we’d regard trading above 205 as providing a reasonable signal as this “risks” triggering price recovery toward an initial 213. Should such a level be exceeded, our secondary calculates at 227.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:04:03PM | BRENT | 92.59 | ‘cess | ||||||||
| 10:20:32PM | GOLD | 1702.51 | 1699 | 1693 | 1682 | 1715 | 1721 | 1731 | 1745 | 1709 | |
| 10:22:23PM | FTSE | 7261.81 | ‘cess | ||||||||
| 10:24:40PM | STOX50 | 3481.2 | ‘cess | ||||||||
| 10:28:58PM | GERMANY | 12810 | Success | ||||||||
| 10:31:17PM | US500 | 3908 | Success | ||||||||
| 10:33:23PM | DOW | 31152 | Success | ||||||||
| 10:41:45PM | NASDAQ | 12014 | 11920 | 11821 | 11607 | 12143 | 12240 | 12255 | 12366 | 12104 | Success |
| 10:43:36PM | JAPAN | 27547 | ‘cess |
6/09/2022 FTSE Closed at 7300 points. Change of 0.18%. Total value traded through LSE was: £ 5,665,778,730 a change of 28.88%
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 -100%. Total value traded through LSE was: £ 4,349,079,886 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:BLOE Block Energy PLC** **LSE:BT.A British Telecom** **LSE:ITM ITM Power** **LSE:SDY Speedyhire** **
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Updated charts published on : Aston Martin, Block Energy PLC, British Telecom, ITM Power, Speedyhire,
LSE:AML Aston Martin. Close Mid-Price: 431.7 Percentage Change: + 6.59% Day High: 473.6 Day Low: 416.3
In a change to the numbers, it now looks like weakness below 403 shall pro ……..
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LSE:BLOE Block Energy PLC. Close Mid-Price: 2.05 Percentage Change: + 5.13% Day High: 2.15 Day Low: 1.9
All Block Energy PLC needs are mid-price trades ABOVE 2.15 to improve acce ……..
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View Previous Block Energy PLC & Big Picture ***
LSE:BT.A British Telecom Close Mid-Price: 142.15 Percentage Change: -1.73% Day High: 143.75 Day Low: 140.65
Target Met. Now below 140 suggests the potential of a visit to 126 next, a ……..
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View Previous British Telecom & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 171.25 Percentage Change: -0.81% Day High: 177 Day Low: 167.15
Target met or near enough. Now below 166 has the potential for further rev ……..
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View Previous ITM Power & Big Picture ***
LSE:SDY Speedyhire. Close Mid-Price: 38.75 Percentage Change: + 0.39% Day High: 40.05 Day Low: 38.4
Continued weakness against SDY taking the price below 38 calculates as lea ……..
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View Previous Speedyhire & Big Picture ***