#Gold #SP500
Our fascination with Lithium batteries continues, most recently due to a little accident with the battery pack of a Bosch electric drill. As happens, the 14v drill needed a new battery pack, the old one being laid aside for disposal. Unfortunately, the old battery made its way into a box and was completely forgotten about, until it was time for a garden bonfire.
We’ve a big tree stump at the top of the garden, now almost 50% destroyed by occasional bonfires, and a glorious amount of delivery packaging had accumulated, all needing burnt. As usual, a bonfire lasagne was created, cardboard at the bottom layer, some scrap wood comprising the next layer, some packaging padding and debris from the shed making another layer, and the top layer comprising rotten wood which theory demands will dry out and burn. An added level of interest came from the discovery of a parachute flare on the shore outside, a plastic tube which is supposed to be aimed at the sky when it’s time to panic. The boating fraternity are notorious for tossing them overboard when they exceed their sink-by dates but they actually cook off quite nicely if placed in the very heart of a hot bonfire.
On this occasion, the fire was lit, fighting hard against the inevitable Scottish rain, and a retreat to the house made a lot of sense. After a while, bonfires do get a little boring.
This time around proved interesting, a rolling cloud of white smoke giving a horror movie theme, and immediately the problem was apparent. The Bosch battery pack had been accidentally burnt, the Lithium batteries contained therein providing a toxic addition to the flames. Shortly afterward, it was obvious the parachute flare was also lit, briefly attempting to out-dazzle the brilliantly bright Lithium flames which were determined to outlast anything else on the fire.
It was a reminder of one of Richard Hammonds car crashes, where he dropped an electric supercar off a hill, the batteries still burning a few days later. When they place disposal instructions on Lithium packs, it’s best to take them seriously, the stuff burning quite energetically. My own brother, a volunteer village fireman In Sutherland, Scotland, recently sent photographs of an electric car fire he was attending, none of the firecrew able to identify the make of vehicle which was cheerfully lighting and heating up the night sky. When the event was over, there was nothing in the burnt out grass at the roadside which would event attest to a car as the cause. The owner, still pretty stunned, mentioned smoke came from the dashboard and he pulled off the road. By the time he’d got through to the emergency services, the flames were already out of control. Due to a previous Tesla fire, the volunteer firemen already knew they’d nothing in the fire engine capable of dealing with large scale lithium fires.
Lithium batteries, already changing our lives by making everything cordless, continue to enjoy increased demand and Atlantic Lithium, working in Africa, headquartered in Australia, and traded in London and New York certainly make all the right noises on their website for production. Something certainly appears to be going on with their share price as currently, there’s a heck of an argument which proposes 41p as an immediate target level. Given the share is currently trading around 38p, we’re inclined to treat 41p as a potential trigger level as above this level should become interesting.
The immediate situation suggests above 41p as being capable of triggering price recovery to an initial 49.5p. If bettered our secondary calculates at a problematic 64p, rather neatly matching the high of earlier this year. Closure above 64p shall prove crucial for the longer term as this could easily ignite game changing potentials for the future.
If things intend go wrong for Atlantic, their share price needs melt down below 29p as this could force the price back to an initial 20p with secondary, if broken, an ultimate bottom of just 4p, a target which makes no sense visually.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:30:54PM | BRENT | 93.79 | ‘cess | ||||||||
| 10:32:26PM | GOLD | 1634 | 1631 | 1624 | 1616 | 1642 | 1645 | 1648 | 1653 | 1635 | ‘cess |
| 10:34:48PM | FTSE | 7115.38 | ‘cess | ||||||||
| 10:36:36PM | STOX50 | 3626.3 | |||||||||
| 10:39:06PM | GERMANY | 13269 | ‘cess | ||||||||
| 10:41:31PM | US500 | 3877.47 | 3862 | 3856 | 3840 | 3888 | 3900 | 3910 | 3926 | 3872 | |
| 10:43:14PM | DOW | 32752 | |||||||||
| 10:45:13PM | NASDAQ | 11425.22 | |||||||||
| 10:47:08PM | JAPAN | 27562 |
31/10/2022 FTSE Closed at 7094 points. Change of 0.67%. Total value traded through LSE was: £ 6,304,594,565 a change of 56.13%
28/10/2022 FTSE Closed at 7047 points. Change of -0.37%. Total value traded through LSE was: £ 4,038,109,035 a change of -18.02%
27/10/2022 FTSE Closed at 7073 points. Change of 0.24%. Total value traded through LSE was: £ 4,925,692,743 a change of -22.87%
26/10/2022 FTSE Closed at 7056 points. Change of 0.61%. Total value traded through LSE was: £ 6,386,400,567 a change of 43.51%
25/10/2022 FTSE Closed at 7013 points. Change of 0%. Total value traded through LSE was: £ 4,450,107,561 a change of -2.44%
24/10/2022 FTSE Closed at 7013 points. Change of 0.63%. Total value traded through LSE was: £ 4,561,328,828 a change of -1.86%
21/10/2022 FTSE Closed at 6969 points. Change of 0.37%. Total value traded through LSE was: £ 4,647,659,700 a change of -14.5%
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:AVCT Avacta** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CCL Carnival** **LSE:ECO ECO (Atlantic) O & G** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:TSCO Tesco** **LSE:ZOO Zoo Digital** **
********
Updated charts published on : AFC Energy, Avacta, BP PLC, British Telecom, Carnival, ECO (Atlantic) O & G, British Airways, Intercontinental Hotels Group, Rockhopper, Rolls Royce, Tesco, Zoo Digital,
LSE:AFC AFC Energy. Close Mid-Price: 21.24 Percentage Change: + 7.87% Day High: 22 Day Low: 19
Further movement against AFC Energy ^ABOVE 22 should improve acceleration ……..
</p
View Previous AFC Energy & Big Picture ***
LSE:AVCT Avacta. Close Mid-Price: 126 Percentage Change: + 3.36% Day High: 141.5 Day Low: 119
Target Met. This has gotten almost amazing as above 139 now calculates wit ……..
</p
View Previous Avacta & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 479.8 Percentage Change: + 1.45% Day High: 484 Day Low: 467.1
In the event of BP PLC enjoying further trades beyond 484, the share shoul ……..
</p
View Previous BP PLC & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 129.8 Percentage Change: + 2.49% Day High: 130.05 Day Low: 127.35
Target Met. Now above 131 points at the potential of 134 next with seconda ……..
</p
View Previous British Telecom & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 696.2 Percentage Change: + 5.17% Day High: 704.2 Day Low: 668.8
In the event of Carnival enjoying further trades beyond 705, the share sho ……..
</p
View Previous Carnival & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 37 Percentage Change: + 1.37% Day High: 38.75 Day Low: 37
Further movement against ECO (Atlantic) O & G ABOVE^ 39 should continue ac ……..
</p
View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 121.56 Percentage Change: + 5.45% Day High: 121.98 Day Low: 115.18
All British Airways needs are mid-price trades ABOVE 122 to improve accel ……..
</p
View Previous British Airways & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4696 Percentage Change: + 0.19% Day High: 4752 Day Low: 4673
Continued trades against IHG with a mid-price ABOVE 4752 should improve th ……..
</p
View Previous Intercontinental Hotels Group & Big Picture ***
LSE:RKH Rockhopper Close Mid-Price: 9.8 Percentage Change: -24.32% Day High: 11 Day Low: 9
This is potentially really bad as it dropped further than it should. Now b ……..
</p
View Previous Rockhopper & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 78.15 Percentage Change: + 1.51% Day High: 79.41 Day Low: 77.03
Further movement against Rolls Royce ABOVE 80 should improve acceleration ……..
</p
View Previous Rolls Royce & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 215.1 Percentage Change: + 1.13% Day High: 216.6 Day Low: 212.9
Tesco needs mid-price trades ABOVE 217 to improve acceleration toward an i ……..
</p
View Previous Tesco & Big Picture ***
LSE:ZOO Zoo Digital. Close Mid-Price: 165 Percentage Change: + 2.17% Day High: 169 Day Low: 161.5
Further movement against Zoo Digital ABOVE 169 should improve acceleration ……..
</p
View Previous Zoo Digital & Big Picture ***