Zephyr Energy, shining like a new car?

Zephyr Energy (LSE:ZPHR) #FTSE #Stoxx50

Despite cringing at the word “Zephyr”, this share price is starting to show signs of becoming interesting. The origins of the cringe memory come from being given a Ford Zephyr car, a clapped out machine with the only saving grace of being free, the bodywork rust being held together fairly successfully by paint. But when you’re at school, clutching a brand new driving license, a “congratulations gift” from a neighbour was a wonderful idea.

 

Of course, now, I realise he didn’t want the hassle of getting rid of the monstrosity but it ran, had a few months MoT left and was road taxed too. It was a car which couldn’t be judged by todays standards as, even by the standards of the period, it was awful. Vague steering, terrible roadholding, nasty brakes in wet weather, and the 2 litre engine struggled to provide any reasonable acceleration. But when you’re 17 and the alternative was riding a motorcycle or catching a bus, this Ford Zephyr was, very briefly, the best car in the world. The things idiosyncrasies (death trap features) were tolerated as, for a couple of weeks, it transported a bunch of friends and I back and forth from school. But for a 2 litre engine, the fuel consumption was appalling, the cause discovered entirely by accident at a petrol station. Fuel was dripping out of the tank, a victim of the rust which had consumed the rest of the machine. Rather than fix the problem, another chum was happy to assume ownership of the deathtrap and gleefully took it home, declaring it was going to be his winter project. It never saw the roads again, aside for the day a scrap dealer winched it onto a trailer.

But nope, the name Zephyr does not generate any fond memories.

 

However, Zephyr Energy appear poised to do something useful. The last couple of days saw their share price being manipulated (gapped) upward at the market open. It’s curious the level of gaps are quite minimal but, over the two sessions, there’s a clear impression the market wants the share price to head up.

This has created the situation where movement above 6.05p should make an attempt at 6.5p next with secondary, if bettered, a rather more useful 7.3p, along with an almost certain challenge of the ruling Blue downtrend on the chart. Obviously the share price enjoys potentials above Blue but realistically, we shall prefer revisiting the numbers again to firm up some ambitious targets.

Conversely, there’s always the risk of the price shooting itself in the foot!

Movement below 4.5p risks reversal to an initial 4p with secondary, if broken, at 2.6p and hopefully a bottom capable of generating a bounce.  But for now, we suspect the share price shall prove worth keeping an eye on, near term.

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:00:07PM BRENT 91.4 ‘cess
10:02:13PM GOLD 1726.55 Success
10:04:37PM FTSE 7068.73 7016 6998 6968 7063 7089 7100 7118 7048 Success
10:07:02PM STOX50 3479.6 3368 3332 3281 3396 3485 3514 3554 3441
10:09:32PM GERMANY 12650 Success
10:12:55PM US500 3790 Success
10:15:57PM DOW 30295 Success
10:18:35PM NASDAQ 11586 Success
10:20:44PM JAPAN 27178 Success

 

4/10/2022 FTSE Closed at 7086 points. Change of 2.58%. Total value traded through LSE was: £ 6,096,244,319 a change of 12.65%
3/10/2022 FTSE Closed at 6908 points. Change of 0.22%. Total value traded through LSE was: £ 5,411,543,289 a change of -20.03%
30/09/2022 FTSE Closed at 6893 points. Change of 0.17%. Total value traded through LSE was: £ 6,766,933,974 a change of -4.67%
29/09/2022 FTSE Closed at 6881 points. Change of -1.77%. Total value traded through LSE was: £ 7,098,757,750 a change of -12.95%
28/09/2022 FTSE Closed at 7005 points. Change of 0.3%. Total value traded through LSE was: £ 8,154,391,132 a change of 17.78%
27/09/2022 FTSE Closed at 6984 points. Change of -0.51%. Total value traded through LSE was: £ 6,923,595,633 a change of 5.34%
26/09/2022 FTSE Closed at 7020 points. Change of 0.03%. Total value traded through LSE was: £ 6,572,681,049 a change of 1.53%

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:AVCT Avacta** **LSE:FRES Fresnillo** **LSE:PPC President Energy** **

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Updated charts published on : Aston Martin, Avacta, Fresnillo, President Energy,

LSE:AML Aston Martin Close Mid-Price: 107.55 Percentage Change: -2.09% Day High: 119.5 Day Low: 104.8

Continued weakness against AML taking the price below 104.8 calculates as ……..

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LSE:AVCT Avacta. Close Mid-Price: 103.4 Percentage Change: + 0.49% Day High: 107.5 Day Low: 103

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LSE:FRES Fresnillo. Close Mid-Price: 829.8 Percentage Change: + 3.93% Day High: 832.8 Day Low: 804.4

Now getting quite interesting, above 833 now calculates with the potential ……..

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LSE:PPC President Energy Close Mid-Price: 155 Percentage Change: -6.06% Day High: 165 Day Low: 155

In the event President Energy experiences weakness below 155 it calculate ……..

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