Elementis Plc (LSE:ELM)
Like everyone, we’re painfully aware of the costs of heating a house, perhaps more so as we’re in wet, windy, and cold Scotland. Thankfully, a forest behind our house provides plenty of wood and if that’s too slow in providing heat, we’ve oil fired heating. But sometimes, instant heat is appreciated and a Youtube video provided inspiration to build a heater.
It’s easy to forget Youtube videos only ever show the finished product but this concept looked seriously easy. All it needed was two tin cans, some wire gauze, a metal sheet, and a couple of baking tins. And fuel, something called Methanol. A visit to the local shop allowed a quick return with a can of sweetcorn, a can of peas, and some methylated spirits. A few minutes of shed time later (aka 2 hours) and the heater was ready to test. The sweetcorn tin had been emptied and partially filled with Meths, the peas tin slid easily inside it, wick material between the two food cans. Amazingly, it lit easily without any explosions despite being tested outdoors in wet & windy conditions, so the rest of the build could continue. It’s pictured below, visually quite pretty and giving out an impressive amount of instant heat aside from one little flaw.
My wife was out with the animals, so I thought I’d surprise her by heating the lounge for her return from the walk. This time, the sweetcorn can was almost filled with fuel and the surprisingly nice looking contraption was placed on the coffee table, lit, apparently able to provide 4-6 hours of heat from just 1/6 litre of fuel. Using familiar purple Meths proved my undoing as it’s not the same product as methanol. Which I was supposed to use! Meths stinks, quite deliberately, as it’s methanol on additives, designed to stop people drinking it. Unfortunately, by the time my wife returned, our lounge was warm and smelly, needing the windows opened once the thing burnt out several hours later.
Elementis appear to specialise in additives for many materials, hopefully they’re not the folk I was cursing for changing methanol into meths.
Their share price appears to be in the early stages of doing something useful. The current movement cycle suggests above 105p shall make an attempt at 113 next, affording the share the opportunity to exceed a downtrend since 2018. This looks like being quite a big deal as price closure above Blue on the chart (110 currently) has implications from a Big Picture perspective.
Above 113p looks capable of triggering price recovery to an initial 132p with secondary, if exceeded, at 148p and the risk of some hesitation, should the chart history live up to expectations. Unusually, in this instance, we’re able to give a longer term third level at 170p, effectively challenging the highs of last year and giving considerable hope for the future.
Their share price needs below 86p to scupper our optimism, risking reversal to 48p and hopefully a bottom.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:31:54PM | BRENT | 94.73 | ‘cess | ||||||||
| 11:35:33PM | GOLD | 1712.93 | Success | ||||||||
| 11:38:08PM | FTSE | 7304 | 7241 | 7227 | 7178 | 7277 | 7319 | 7325 | 7337 | 7279 | |
| 11:40:17PM | STOX50 | 3734.7 | Success | ||||||||
| 11:42:54PM | GERMANY | 13678.03 | ‘cess | ||||||||
| 11:44:43PM | US500 | 3834.62 | Success | ||||||||
| 11:47:07PM | DOW | 33170 | 32758 | 32575 | 32312 | 32965 | 33365 | 33568 | 33817 | 33102 | Success |
| 11:49:09PM | NASDAQ | 11082 | ‘cess | ||||||||
| 11:50:56PM | JAPAN | 27933 | Success |
8/11/2022 FTSE Closed at 7306 points. Change of 0.1%. Total value traded through LSE was: £ 4,673,301,102 a change of -8.96%
7/11/2022 FTSE Closed at 7299 points. Change of -0.48%. Total value traded through LSE was: £ 5,133,479,286 a change of -2.79%
4/11/2022 FTSE Closed at 7334 points. Change of 2.03%. Total value traded through LSE was: £ 5,280,778,356 a change of 17.81%
3/11/2022 FTSE Closed at 7188 points. Change of 0.62%. Total value traded through LSE was: £ 4,482,607,171 a change of -6.53%
2/11/2022 FTSE Closed at 7144 points. Change of -0.58%. Total value traded through LSE was: £ 4,796,024,351 a change of -6.77%
1/11/2022 FTSE Closed at 7186 points. Change of 1.3%. Total value traded through LSE was: £ 5,144,430,090 a change of -18.4%
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%
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:AGM Applied Graphene** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:BARC Barclays** **LSE:CEY Centamin** **LSE:FRES Fresnillo** **LSE:IAG British Airways** **LSE:IQE IQE** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:TSCO Tesco** **LSE:ZOO Zoo Digital** **
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Updated charts published on : AFC Energy, Applied Graphene, Aston Martin, Asos, Barclays, Centamin, Fresnillo, British Airways, IQE, Intertek, ITV, Just Eat, National Glib, Ocado Plc, Primary Health, Rolls Royce, Sainsbury, Tesco, Zoo Digital,
LSE:AFC AFC Energy. Close Mid-Price: 23.9 Percentage Change: + 5.10% Day High: 24.48 Day Low: 22.5
In the event of AFC Energy enjoying further trades beyond 24.5, the share ……..
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View Previous AFC Energy & Big Picture ***
LSE:AGM Applied Graphene Close Mid-Price: 6.4 Percentage Change: -41.82% Day High: 11 Day Low: 5
Target Met. Ongoing trouble below 5 indicates 1.5 next with secondary, if ……..
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View Previous Applied Graphene & Big Picture ***
LSE:AML Aston Martin. Close Mid-Price: 140.65 Percentage Change: + 5.04% Day High: 144.1 Day Low: 130
Target Met. Now above 145 looks capable of 153 next with secondary, if bea ……..
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View Previous Aston Martin & Big Picture ***
LSE:ASC Asos. Close Mid-Price: 678.5 Percentage Change: + 4.87% Day High: 677.5 Day Low: 620.5
Target Met. Further movement against Asos ABOVE 678 should improve acceler ……..
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View Previous Asos & Big Picture ***
LSE:BARC Barclays. Close Mid-Price: 154.18 Percentage Change: + 1.04% Day High: 155.94 Day Low: 152.82
Continued trades against BARC with a mid-price ABOVE 156 should improve th ……..
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View Previous Barclays & Big Picture ***
LSE:CEY Centamin. Close Mid-Price: 97.78 Percentage Change: + 3.71% Day High: 97.44 Day Low: 92.9
Target Met. Now above 98 points at 101.5 next with secondary, if bettered, ……..
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View Previous Centamin & Big Picture ***
LSE:FRES Fresnillo. Close Mid-Price: 807 Percentage Change: + 4.26% Day High: 808.4 Day Low: 763
This has produced the required miracle and now above 809 promises recovery ……..
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View Previous Fresnillo & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 129.66 Percentage Change: + 1.47% Day High: 129.84 Day Low: 126.16
In the event of British Airways enjoying further trades beyond 130, the s ……..
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View Previous British Airways & Big Picture ***
LSE:IQE IQE. Close Mid-Price: 46.1 Percentage Change: + 1.99% Day High: 46.2 Day Low: 45.1
Further movement against IQE ABOVE 47 should improve acceleration toward a ……..
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View Previous IQE & Big Picture ***
LSE:ITRK Intertek. Close Mid-Price: 3892 Percentage Change: + 1.91% Day High: 3897 Day Low: 3784
Continued trades against ITRK with a mid-price ABOVE 3897 should improve t ……..
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View Previous Intertek & Big Picture ***
LSE:ITV ITV. Close Mid-Price: 73.16 Percentage Change: + 2.49% Day High: 73.3 Day Low: 70.36
Continued trades against ITV with a mid-price ABOVE 73.3 should improve th ……..
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View Previous ITV & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 1828 Percentage Change: + 1.99% Day High: 1840.8 Day Low: 1769.8
Further movement against Just Eat ABOVE 1841 should improve acceleration t ……..
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View Previous Just Eat & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 978 Percentage Change: + 2.32% Day High: 980.2 Day Low: 956.4
Continued trades against NG. with a mid-price ABOVE 981 should improve the ……..
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View Previous National Glib & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 703.6 Percentage Change: + 4.36% Day High: 700 Day Low: 657.4
Continued trades against OCDO with a mid-price ABOVE 704 should improve th ……..
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View Previous Ocado Plc & Big Picture ***
LSE:PHP Primary Health. Close Mid-Price: 114 Percentage Change: + 0.09% Day High: 116.4 Day Low: 112.4
Above 117 still looks capable of recovery to an initial 123 with secondary ……..
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View Previous Primary Health & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 88.44 Percentage Change: + 2.42% Day High: 87.88 Day Low: 84.4
Target Met. Now above 88 suggests the potential of recovery to an initial ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 219.2 Percentage Change: + 0.55% Day High: 220 Day Low: 216.2
Continued trades against SBRY with a mid-price ABOVE 220 should improve th ……..
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View Previous Sainsbury & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 230.3 Percentage Change: + 1.14% Day High: 230.6 Day Low: 225.3
Target Met. Movement now above 231 calculates with the hope of 243 next wi ……..
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View Previous Tesco & Big Picture ***
LSE:ZOO Zoo Digital. Close Mid-Price: 185 Percentage Change: + 9.79% Day High: 185.5 Day Low: 169
Target Met. Now above 186 comes with the hope of ongoing promises to 198 n ……..
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View Previous Zoo Digital & Big Picture ***