#Brent #Gold
To judge by emails received, quite a few folk are paying attention to Harbour Energy (was once Premier Oil). Billed as the UK’s largest independent oil and gas business, there are a few reasons to suppose something important is happening with this FTSE 250 components share price as it’s behaviour is at odds with the wider market.
Viewing the obvious downtrend since 2020, not only has the price managed to break through this Blue trend line, the market opted to gap it up (circled in Red), thus giving a reasonable hope the stock market has a cunning plan in store. For the longer term, we shall be a little cautious and not get terribly excited until such time the price closes above the previous share price high before the trend break, therefore we’ll be looking for share price closure above 530p.
Thankfully, from an immediate perspective, the situation exists which needs the price to trade above 506p to hopefully trigger ongoing price recovery to an initial 536p. This will certainly take it into a region where closure above 530p becomes possible. Our secondary, should 536p be exceeded, works out at 581p, along with an uncomfortable “however…”. Achieving 581p shall be a really big deal, displaying an official “higher high” and forcing us to admit the share price is trading in a zone where long term recovery to 771p becomes possible. Of course, it’s also worth remembering this is a share in the oil market, an area where price volatility is a currently a way of life.
If everything intends go horribly wrong, the share price needs trade below 420p as this calculates with the potential of reversal to an initial 407p. If broken, our secondary works out down at 390p along with the potential of a reasonable rebound. The price needs break below Red on the chart, currently 306p, to justify utter panic.
Perhaps worthy of some research.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:12:53PM | BRENT | 93.83 | 91.41 | 90.06 | 88.34 | 93.35 | 95.22 | 95.52 | 96.22 | 93 | |
| 9:15:07PM | GOLD | 1696 | 1693 | 1687 | 1671 | 1707 | 1707 | 1709 | 1713 | 1701 | |
| 9:18:52PM | FTSE | 7306.18 | ‘cess | ||||||||
| 9:33:31PM | STOX50 | 3585 | |||||||||
| 9:36:18PM | GERMANY | 13100 | ‘cess | ||||||||
| 9:38:25PM | US500 | 3954 | |||||||||
| 9:42:34PM | DOW | 31183 | |||||||||
| 9:44:55PM | NASDAQ | 12168 | |||||||||
| 9:48:36PM | JAPAN | 27964 |
14/09/2022 FTSE Closed at 7277 points. Change of -1.46%. Total value traded through LSE was: £ 5,760,077,523 a change of 12.58%
13/09/2022 FTSE Closed at 7385 points. Change of -1.18%. Total value traded through LSE was: £ 5,116,295,478 a change of -13.94%
12/09/2022 FTSE Closed at 7473 points. Change of 1.66%. Total value traded through LSE was: £ 5,944,877,720 a change of 11.08%
9/09/2022 FTSE Closed at 7351 points. Change of 1.23%. Total value traded through LSE was: £ 5,351,894,776 a change of 1.51%
8/09/2022 FTSE Closed at 7262 points. Change of 0.35%. Total value traded through LSE was: £ 5,272,168,524 a change of -28.82%
7/09/2022 FTSE Closed at 7237 points. Change of -0.86%. Total value traded through LSE was: £ 7,407,245,342 a change of 30.74%
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%
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:EZJ EasyJet** **LSE:HIK Hikma** **LSE:ITM ITM Power** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:PPC President Energy** **LSE:SDY Speedyhire** **LSE:TSCO Tesco** **LSE:VOD Vodafone** **
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Updated charts published on : Aston Martin, EasyJet, Hikma, ITM Power, National Glib, Ocado Plc, Primary Health, President Energy, Speedyhire, Tesco, Vodafone,
LSE:AML Aston Martin Close Mid-Price: 153.7 Percentage Change: -2.26% Day High: 154.85 Day Low: 139.9
If Aston Martin experiences continued weakness below 139, it will invariab ……..
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View Previous Aston Martin & Big Picture ***
LSE:EZJ EasyJet Close Mid-Price: 347 Percentage Change: -1.89% Day High: 348.1 Day Low: 336
If EasyJet experiences continued weakness below 336, it will invariably l ……..
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View Previous EasyJet & Big Picture ***
LSE:HIK Hikma Close Mid-Price: 1242 Percentage Change: -1.93% Day High: 1276 Day Low: 1235.5
In the event Hikma experiences weakness below 1235.5 it calculates with a ……..
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View Previous Hikma & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 115.25 Percentage Change: -24.77% Day High: 132.9 Day Low: 108.8
Target Met. This is terrible as weakness next below 108 suggests reversal ……..
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View Previous ITM Power & Big Picture ***
LSE:NG. National Glib Close Mid-Price: 1053.5 Percentage Change: -2.45% Day High: 1080 Day Low: 1047.5
Weakness on National Glib below 1047.5 will invariably lead to 953 with s ……..
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View Previous National Glib & Big Picture ***
LSE:OCDO Ocado Plc Close Mid-Price: 623.2 Percentage Change: -8.24% Day High: 678.4 Day Low: 615.4
In the event Ocado Plc experiences weakness below 615.4 it calculates wit ……..
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View Previous Ocado Plc & Big Picture ***
LSE:PHP Primary Health Close Mid-Price: 130.5 Percentage Change: -1.44% Day High: 134 Day Low: 130.8
Weakness on Primary Health below 130.8 will invariably lead to 122 with ……..
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View Previous Primary Health & Big Picture ***
LSE:PPC President Energy Close Mid-Price: 1.15 Percentage Change: -2.13% Day High: 1.18 Day Low: 1.15
Continued weakness against PPC taking the price below 1.15 calculates as ……..
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View Previous President Energy & Big Picture ***
LSE:SDY Speedyhire Close Mid-Price: 38.2 Percentage Change: -2.68% Day High: 39.65 Day Low: 37.8
In the event Speedyhire experiences weakness below 37.8 it calculates wit ……..
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View Previous Speedyhire & Big Picture ***
LSE:TSCO Tesco Close Mid-Price: 237.3 Percentage Change: -3.26% Day High: 245.7 Day Low: 236.6
If Tesco experiences continued weakness below 236.6, it will invariably l ……..
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View Previous Tesco & Big Picture ***
LSE:VOD Vodafone Close Mid-Price: 107.12 Percentage Change: -1.81% Day High: 108.8 Day Low: 106.64
Weakness on Vodafone below 106.64 will invariably lead to 104p as some so ……..
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View Previous Vodafone & Big Picture ***