Kefi Gold and Copper (LSE:KEFI), a tale of two trends

#Gold #SP500

Kefi are managing to provide a brief “Back to School” lesson about trend lines. An immediate glance at the Big Picture chart below gives ample reason for good cheer for the share price future, it has broken through a pronounced Blue downtrend since 2016 and is now clearly heading upward. Surely this gives reason for rampant optimism for the months ahead?

This may not be the case. When we previously reviewed Kefi, we provided quite a positive report. But we can also note the share price cleverly avoided any upward triggers (it was trading at 1.9p when we ran the numbers), instead price movements paid attention to our final paragraph. By September, the share decided to break below 1.4p (circled) and what’s been happening since is a bit of a shambles. And while it may be trading above Blue, we’re rather more interested in the Light Grey trend line. This is important from our perspective, ‘cos we build future price movement tables around the strengths shown when a share reacts to a trend. Due to current dance steps, it’s highly likely the Blue downtrend can be ignored for the moment.

Our reason for distrusting the share comes from another trend line, dating back to 2020 and more ominously, the one to which the market is paying attention. This innocent downtrend has been formed by 4 previous price movements and what’s important is the effort currently being made to ensure the share price doesn’t close above the Light Grey line. During the last few sessions, the share has been permitted to cavort above the trend during the session but extraordinary effort has been employed to ensure the closing price remains in the dangerous land of doldrums.

The immediate situation is a bit underwhelming, suggesting above 0.95 should make an attempt at 1.08p next with secondary, if beaten, a marginally more respectable 1.25p. We’d like to point out it needs exceed 1.4p before anything realistic becomes viable as this risks triggering gains to 2.32p, a point where we’d need look hard at the tea leaves again.

However, due to the salient detail the price is being maintained below a trend line, there’s a very real risk below 0.75 shall provoke reversal to an initial 0.60 with secondary, if broken, at 0.45p and a possible bounce. But of course, there’s always the risk the share price is being kept in place, pending the release of some important information…

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:09:25PM BRENT 91.88
10:11:03PM GOLD 1772.28 1743 1733 1719 1764 1776 1780 1784 1766
10:13:18PM FTSE 7365.89 Success
10:16:11PM STOX50 3877.6 Success
10:18:20PM GERMANY 14274 ‘cess
10:19:44PM US500 3966.77 3954 3943 3921 3988 4009 4024 4047 3980 Shambles
10:24:55PM DOW 33609.9
10:26:56PM NASDAQ 11736 ‘cess
10:29:22PM JAPAN 27947
14/11/2022 FTSE Closed at 7385 points. Change of 0.92%. Total value traded through LSE was: £ 5,535,819,308 a change of -22.5%
11/11/2022 FTSE Closed at 7318 points. Change of -0.77%. Total value traded through LSE was: £ 7,142,834,234 a change of 9.63%
10/11/2022 FTSE Closed at 7375 points. Change of 1.08%. Total value traded through LSE was: £ 6,515,510,532 a change of 60.71%
9/11/2022 FTSE Closed at 7296 points. Change of -0.14%. Total value traded through LSE was: £ 4,054,252,272 a change of -13.25%
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%

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:ASC Asos** **LSE:CCL Carnival** **LSE:DARK Darktrace Plc** **LSE:ECO ECO (Atlantic) O & G** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:IAG British Airways** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **

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Updated charts published on : Asos, Carnival, Darktrace Plc, ECO (Atlantic) O & G, EasyJet, Fresnillo, Hargreaves Lansdown, British Airways, ITV, Lloyds Grp., Natwest, Ocado Plc, Oxford Instruments, Rolls Royce, Sainsbury,

LSE:ASC Asos. Close Mid-Price: 793 Percentage Change: + 0.63% Day High: 797 Day Low: 750.5

Target Met or near enough. Now above 800 suggests the potential of future ……..

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View Previous Asos & Big Picture ***

LSE:CCL Carnival. Close Mid-Price: 809.4 Percentage Change: + 5.28% Day High: 813.8 Day Low: 777

Target Met. This is looking hopeful but not quite sailing off into the sun ……..

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View Previous Carnival & Big Picture ***

LSE:DARK Darktrace Plc Close Mid-Price: 395.2 Percentage Change: -0.18% Day High: 415 Day Low: 392.3

Further movement against Darktrace Plc ABOVE 415 should improve accelerati ……..

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View Previous Darktrace Plc & Big Picture ***

LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 45 Percentage Change: + 1.69% Day High: 45.5 Day Low: 44.25

Continued trades against ECO with a mid-price ABOVE 45.5 should improve th ……..

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View Previous ECO (Atlantic) O & G & Big Picture ***

LSE:EZJ EasyJet. Close Mid-Price: 421 Percentage Change: + 2.06% Day High: 424.7 Day Low: 403.4

EasyJet needs mid-price trades ABOVE 425 to improve acceleration toward an ……..

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View Previous EasyJet & Big Picture ***

LSE:FRES Fresnillo. Close Mid-Price: 879.4 Percentage Change: + 1.52% Day High: 887.2 Day Low: 863.2

Target Met. Now above 888 holds the potential of movement to 907 next with ……..

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View Previous Fresnillo & Big Picture ***

LSE:HIK Hikma. Close Mid-Price: 1431.5 Percentage Change: + 3.21% Day High: 1441.5 Day Low: 1375.5

Further movement against Hikma ABOVE 1442 should continue acceleration tow ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 931.4 Percentage Change: -0.34% Day High: 945.6 Day Low: 922.2

Further movement against Hargreaves Lansdown ABOVE 945.6 should improve a ……..

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View Previous Hargreaves Lansdown & Big Picture ***

LSE:IAG British Airways. Close Mid-Price: 141.36 Percentage Change: + 2.63% Day High: 141.78 Day Low: 135.42

All British Airways needs are mid-price trades ABOVE 141.78 to improve a ……..

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LSE:ITV ITV. Close Mid-Price: 79.88 Percentage Change: + 2.70% Day High: 79.8 Day Low: 76.22

Further movement against ITV ABOVE 79.8 should improve acceleration towar ……..

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View Previous ITV & Big Picture ***

LSE:LLOY Lloyds Grp.. Close Mid-Price: 43.6 Percentage Change: + 0.21% Day High: 43.97 Day Low: 42.97

In the event of Lloyds Grp. enjoying further trades beyond 43.97, the sha ……..

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LSE:NWG Natwest Close Mid-Price: 249.3 Percentage Change: -0.12% Day High: 251.6 Day Low: 246.1

Continued trades against NWG with a mid-price ABOVE 251.6 should improve ……..

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View Previous Natwest & Big Picture ***

LSE:OCDO Ocado Plc. Close Mid-Price: 925.6 Percentage Change: + 13.99% Day High: 929.6 Day Low: 771.8

Target met. In the event of Ocado Plc enjoying further trades beyond 929. ……..

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View Previous Ocado Plc & Big Picture ***

LSE:OXIG Oxford Instruments Close Mid-Price: 2120 Percentage Change: -1.40% Day High: 2200 Day Low: 2065

All Oxford Instruments needs are mid-price trades ABOVE 2200 to improve a ……..

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View Previous Oxford Instruments & Big Picture ***

LSE:RR. Rolls Royce. Close Mid-Price: 91.6 Percentage Change: + 2.56% Day High: 92.75 Day Low: 88.97

Continued trades against RR. with a mid-price ABOVE 92.75 should improve ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 220.2 Percentage Change: + 0.82% Day High: 221.6 Day Low: 217.7

Further movement against Sainsbury ABOVE 221.6 should improve acceleratio ……..

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View Previous Sainsbury & Big Picture ***

*** End of “Updated Today” comments on shares.

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