#Gold #WallSt
Sometimes it can feel like an off-the-cuff comment is just silly. For instance, some days it’s easy to believe the stock markets concentrate on shares in alphabetical order. Tuesday and Wednesday this week have proven this to be the case. Shares requiring updated literally ALL resided in the first half of the alphabet, the A-M section. The latter half of the alphabet, the infamous N-Z sector didn’t require any updates.
This doesn’t mean shares at the back end of the list didn’t move, of course they did but the most popular ones residing in our 80 share report list didn’t meet any of our criteria for an update.
It appears this sort of “Alphabet Discrimination” has been going on for shares as we now notice, our share listings used to be evenly split, 40 popular shares from each half of the alphabet. But as the years pass, client requests changed this balance and now, we’ve 54 shares in the A-M sector and just 26 from the N-Z sector. Subconsciously, clients also appear to have noticed this discrimination and changed focus as they prefer shares which actually do something.
Writing about this subject almost makes us feel deserving of full membership for the tin-foil hat brigade but in this instance, we’ve got the data to back it up. The only problem is fairly obvious. Selecting a share from the first 13 letters of the alphabet only tends ensure it shall be active, faster. The problem is one of direction as there’s absolutely no certainty it shall head up!
A request for us to take a look at Alpha Growth Plc, a financial advisory business providing specialist consultancy, advisory, and supplementary services to institutional and qualified investors globally in the multi-billion dollar market of longevity assets, (quoting from their website) prompted us to remember the alphabet game with the stock market. In accordance with our criteria, this share price hit a logical bottom back in August last year and is allegedly due a rebound. The 16% share price rise on Wednesday actually achieved something folk of a sane disposition will miss.
It closed the session at a mid-price of 2.9p, perhaps not very impressive unless one takes account of the position of the Blue downtrend since 2021. For Wednesday, this trend line was at roughly 2.879p and this, Alpha Growth actually closed a session above the trend. As a result, we can claim it’s poised and ready to move.
Now above just 2.95 calculates with the potential of a lift to 3.33p next with our secondary, if bettered, working out at a longer term 4.24p, a target level which makes arithmetic sense. But none visually.
Our converse scenario for Alpha only comes, if the share price manages below 2p. Such a calamity is dangerous, currently giving 0.99p as a last ditch bottom.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:51:21PM | BRENT | 84.63 | ‘cess | ||||||||
| 9:53:22PM | GOLD | 1875.71 | 1865 | 1859 | 1850 | 1883 | 1886 | 1892 | 1903 | 1873 | |
| 9:56:19PM | FTSE | 7893.04 | Success | ||||||||
| 9:59:10PM | STOX50 | 4223 | |||||||||
| 10:04:30PM | GERMANY | 15455.33 | ‘cess | ||||||||
| 10:07:25PM | US500 | 4123.37 | |||||||||
| 10:10:27PM | DOW | 34006.4 | 33888 | 33852 | 33724 | 34078 | 34244 | 34327 | 34472 | 34024 | |
| 10:14:00PM | NASDAQ | 12518.2 | |||||||||
| 10:18:28PM | JAPAN | 27404 | ‘cess |
8/02/2023 FTSE Closed at 7885 points. Change of 0.27%. Total value traded through LSE was: £ 5,763,001,863 a change of -1.93%
7/02/2023 FTSE Closed at 7864 points. Change of 0.36%. Total value traded through LSE was: £ 5,876,288,872 a change of 0.42%
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%
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:AVCT Avacta** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CBX Cellular Goods** **LSE:CPI Capita** **LSE:FOXT Foxtons** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:ITRK Intertek** **LSE:ITV ITV** **
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Updated charts published on : Avacta, BP PLC, British Telecom, Cellular Goods, Capita, Foxtons, Hikma, HSBC, Intertek, ITV,
LSE:AVCT Avacta. Close Mid-Price: 185 Percentage Change: + 1.09% Day High: 187.5 Day Low: 180
In the event of Avacta enjoying further trades beyond 188, the share shoul ……..
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View Previous Avacta & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 533.2 Percentage Change: + 3.25% Day High: 533.7 Day Low: 523.9
Target Met. Further movement against BP PLC ABOVE 515.4 should improve acc ……..
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View Previous BP PLC & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 138.2 Percentage Change: + 3.33% Day High: 139.4 Day Low: 133.45
Target Met. Now above 140p suggests traffic coming to an initial 144 with ……..
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View Previous British Telecom & Big Picture ***
LSE:CBX Cellular Goods Close Mid-Price: 0.5 Percentage Change: -23.08% Day High: 0.6 Day Low: 0.45
Target Met or near enough. Now below 0.44 calculates with the risk of 0.4p ……..
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View Previous Cellular Goods & Big Picture ***
LSE:CPI Capita. Close Mid-Price: 29 Percentage Change: + 2.98% Day High: 29.8 Day Low: 27.7
All Capita needs are mid-price trades ABOVE 30 to improve acceleration tow ……..
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View Previous Capita & Big Picture ***
LSE:FOXT Foxtons. Close Mid-Price: 39.05 Percentage Change: + 2.23% Day High: 40 Day Low: 37.15
Further movement against Foxtons ABOVE 40 should improve acceleration towa ……..
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View Previous Foxtons & Big Picture ***
LSE:HIK Hikma. Close Mid-Price: 1737 Percentage Change: + 0.40% Day High: 1764 Day Low: 1737
All Hikma needs are mid-price trades ABOVE 1764 to improve acceleration to ……..
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View Previous Hikma & Big Picture ***
LSE:HSBA HSBC. Close Mid-Price: 612.4 Percentage Change: + 1.22% Day High: 612.8 Day Low: 604.2
Further movement against HSBC ABOVE 613 should improve acceleration toward ……..
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View Previous HSBC & Big Picture ***
LSE:ITRK Intertek. Close Mid-Price: 4495 Percentage Change: + 0.56% Day High: 4544 Day Low: 4482
It looks like movement next above 4544 should attempt an initial 4657 with ……..
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View Previous Intertek & Big Picture ***
LSE:ITV ITV. Close Mid-Price: 89.9 Percentage Change: + 3.76% Day High: 89.98 Day Low: 86.4
Now above 90 indicates the potential of a visit to 94 next with secondary, ……..
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View Previous ITV & Big Picture ***