#Gold #SP500
The children’s product, Lego, has long been famed for being the most painful thing to stand on with a bare foot but true specialists know this is rubbish. The true culprits for many trips to A&E were Volex made or inspired 3 pin plugs. Curiously, Volex branded plugs remain being sold, despite being neither manufactured nor sold by the Volex Group, this area of the company being hived off in shame back in 1991. Nowadays, it appears Volex specialise in the medical and industrial electrical and electronic sectors.
The humble British 3 pin plug, not invented by Volex but manufactured and marketed by them, remains a masterpiece of design and safety in the UK electrical industry, quite literally envied by electricians in many other countries and it’s a shame Volex removed this from their armoury. But anyway, their current products are used worldwide in laptops, PCs, tablets, printers, TVs, games consoles, power tools, and kitchen appliances. We’re obviously a little curious as to their share price prospects, given the damage currently being experienced by the electronics industry, many participants suffering consumer backlash due to their efforts in price gouging, creating a rarely sustainable environment of selling fewer units but at higher margins.
As an example, recently Tesla decided it was time to address this issue, choosing to reduce their prices. Apparently, the company were making a net profit of nearly $10,000 per unit sold, when sales levels started to diminish and the reality of acres of unsold vehicles became a real problem.
Currently, for Volex, their share price needs trade below 221p to raise an eyebrow as this risks triggering price reversal to an initial 160p with secondary, if broken, a return to 109p and a price level not seen since the pandemic hit. Thankfully there are a few indications the share doesn’t need try to hard to extricate itself from the immediate danger.
Presently trading around 256p, the share need only exceed 273p to give reasonable hope for price recovery to an initial 298p. Should the share price close above such a level, our longer term secondary works out at 353p, along with a need to revisit the share price movements.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:06:53PM | BRENT | 80.97 | Success | ||||||||
| 9:09:21PM | GOLD | 1868.61 | 1859 | 1853 | 1844 | 1875 | 1886 | 1891 | 1900 | 1871 | |
| 9:20:34PM | FTSE | 7844 | |||||||||
| 9:22:43PM | STOX50 | 4214.1 | |||||||||
| 9:24:57PM | GERMANY | 15360 | ‘cess | ||||||||
| 9:31:29PM | US500 | 4113.72 | 4093 | 4088 | 4052 | 4116 | 4130 | 4140 | 4155 | 4106 | |
| 9:33:33PM | DOW | 33878 | ‘cess | ||||||||
| 9:35:31PM | NASDAQ | 12468 | ‘cess | ||||||||
| 9:38:01PM | JAPAN | 27690 |
6/02/2023 FTSE Closed at 7836 points. Change of -0.82%. Total value traded through LSE was: £ 5,851,906,357 a change of 5.01%
3/02/2023 FTSE Closed at 7901 points. Change of 1.04%. Total value traded through LSE was: £ 5,572,467,076 a change of -26.46%
2/02/2023 FTSE Closed at 7820 points. Change of 0.76%. Total value traded through LSE was: £ 7,577,557,777 a change of 8.79%
1/02/2023 FTSE Closed at 7761 points. Change of -0.13%. Total value traded through LSE was: £ 6,964,989,564 a change of 4.57%
31/01/2023 FTSE Closed at 7771 points. Change of -0.17%. Total value traded through LSE was: £ 6,660,813,951 a change of 20.2%
30/01/2023 FTSE Closed at 7784 points. Change of 0.24%. Total value traded through LSE was: £ 5,541,404,266 a change of 12.58%
27/01/2023 FTSE Closed at 7765 points. Change of 0.05%. Total value traded through LSE was: £ 4,922,369,454 a change of -13.06%
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:BLVN Bowleven** **LSE:EMG MAN** **LSE:FGP Firstgroup** **LSE:HIK Hikma** **LSE:IHG Intercontinental Hotels Group** **
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Updated charts published on : AFC Energy, Avacta, Bowleven, MAN, Firstgroup, Hikma, Intercontinental Hotels Group,
LSE:AFC AFC Energy. Close Mid-Price: 27.8 Percentage Change: + 9.88% Day High: 28 Day Low: 24.18
Target met. All AFC Energy needs are mid-price trades ABOVE 28 to improve ……..
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View Previous AFC Energy & Big Picture ***
LSE:AVCT Avacta. Close Mid-Price: 172 Percentage Change: + 6.77% Day High: 176.5 Day Low: 161.5
Target met. All Avacta needs are mid-price trades ABOVE 176.5 to improve ……..
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View Previous Avacta & Big Picture ***
LSE:BLVN Bowleven. Close Mid-Price: 1.38 Percentage Change: + 0.00% Day High: 1.38 Day Low: 1.25
Target met. In the event Bowleven experiences weakness below 1.25 it calc ……..
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View Previous Bowleven & Big Picture ***
LSE:EMG MAN Close Mid-Price: 259.2 Percentage Change: -1.07% Day High: 262.4 Day Low: 258.9
Further movement against MAN ABOVE 262.4 should improve acceleration towa ……..
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View Previous MAN & Big Picture ***
LSE:FGP Firstgroup Close Mid-Price: 108.5 Percentage Change: -1.72% Day High: 115 Day Low: 108.6
Target met. In the event of Firstgroup enjoying further trades beyond 115 ……..
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View Previous Firstgroup & Big Picture ***
LSE:HIK Hikma Close Mid-Price: 1724.5 Percentage Change: -0.52% Day High: 1755 Day Low: 1703
Target met. In the event of Hikma enjoying further trades beyond 1755, th ……..
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View Previous Hikma & Big Picture ***
LSE:IHG Intercontinental Hotels Group Close Mid-Price: 5748 Percentage Change: -0.62% Day High: 5794 Day Low: 5708
All Intercontinental Hotels Group needs are mid-price trades ABOVE 5794 t ……..
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View Previous Intercontinental Hotels Group & Big Picture ***