#Gold #WallSt
We reviewed Genedrive exactly a year ago (link here) and it’s fascinating to see how our share price scenario unfolded. The saying; “sometimes life comes at you fast” rarely proved as apt as with their share price, the day following our logic giving 81p as a target witnessing the price exactly hit the 81p level, yet failed to exceed it. Instead, it closed the session at 70p.
Unfortunately, what happened next was to prove important.
On December 21st, their share price then, somehow, discovered a reason to close below 41p with what happened next being a tragedy. Make no mistake, from a Big Picture perspective, our calculations remain showing a ridiculous attraction from an impossible 14p. Perhaps anything below 8p shall discover a bounce point at 6p but we’re not exactly oozing confidence.
From a near term perspective, there’s a suggestion of movement above 10.6p as apparently capable of triggering slight recovery to 12p. Such a gain, obviously useless to the plethora of folk trapped since last year. But glancing at the chart, such a movement would return the share price above the Red uptrend which dates from the start of 2020. A crucial side effect of such a phenomena is normally a return of confidence from the market, creating a situation where immediate gains can outperform logic.
In the scenario of the share price closing a session at or above 12p, we anticipate future recovery to an initial 17.7 with secondary, if bettered, at 22p. Hopefully this proves worth watching as the company appear to be providing an attractive range of medical aids.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:38:35PM | BRENT | 77.65 | Success | ||||||||
| 9:40:41PM | GOLD | 1787.33 | 1768 | 1759 | 1749 | 1776 | 1791 | 1793 | 1797 | 1781 | ‘cess |
| 9:44:19PM | FTSE | 7496.44 | |||||||||
| 9:46:20PM | STOX50 | 3931 | |||||||||
| 9:48:00PM | GERMANY | 14282 | |||||||||
| 9:50:47PM | US500 | 3931.92 | |||||||||
| 9:54:36PM | DOW | 33589 | 33418 | 33315 | 33111 | 33694 | 33777 | 33814 | 33946 | 33492 | |
| 9:57:10PM | NASDAQ | 11487.1 | ‘cess | ||||||||
| 9:59:42PM | JAPAN | 27574 | ‘cess |
7/12/2022 FTSE Closed at 7489 points. Change of -0.43%. Total value traded through LSE was: £ 5,779,316,344 a change of 0.25%
6/12/2022 FTSE Closed at 7521 points. Change of -0.61%. Total value traded through LSE was: £ 5,764,980,013 a change of 13.53%
5/12/2022 FTSE Closed at 7567 points. Change of 0.15%. Total value traded through LSE was: £ 5,078,150,606 a change of 13.07%
2/12/2022 FTSE Closed at 7556 points. Change of -0.03%. Total value traded through LSE was: £ 4,491,031,065 a change of -9.42%
1/12/2022 FTSE Closed at 7558 points. Change of -0.2%. Total value traded through LSE was: £ 4,958,235,310 a change of -42.03%
30/11/2022 FTSE Closed at 7573 points. Change of 0.81%. Total value traded through LSE was: £ 8,552,950,993 a change of 45.26%
29/11/2022 FTSE Closed at 7512 points. Change of 0.51%. Total value traded through LSE was: £ 5,887,947,739 a change of 42.84%
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:EMG MAN** **LSE:HIK Hikma** **LSE:IGAS Igas Energy** **LSE:SCLP Scancell** **LSE:VOD Vodafone** **
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Updated charts published on : MAN, Hikma, Igas Energy, Scancell, Vodafone,
LSE:EMG MAN Close Mid-Price: 209.6 Percentage Change: -0.85% Day High: 212.8 Day Low: 208
This is on the edge of dodgy as now below 200 indicates the potential of r ……..
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View Previous MAN & Big Picture ***
LSE:HIK Hikma. Close Mid-Price: 1539 Percentage Change: + 1.38% Day High: 1560 Day Low: 1513
In the event of Hikma enjoying further trades beyond 1560, the share shou ……..
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View Previous Hikma & Big Picture ***
LSE:IGAS Igas Energy Close Mid-Price: 16.45 Percentage Change: -1.50% Day High: 17 Day Low: 16
If Igas Energy experiences continued weakness below 16, it will invariabl ……..
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View Previous Igas Energy & Big Picture ***
LSE:SCLP Scancell Close Mid-Price: 26.75 Percentage Change: -0.93% Day High: 29.5 Day Low: 26.75
Target met. Further movement against Scancell ABOVE 29.5 should improve a ……..
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View Previous Scancell & Big Picture ***
LSE:VOD Vodafone Close Mid-Price: 87.66 Percentage Change: -1.80% Day High: 92.33 Day Low: 86.36
Target met. Continued weakness against VOD taking the price below 86.36 c ……..
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View Previous Vodafone & Big Picture ***