#Gold #Japan
Inevitably, when a company manages to star in the list of top risers, we invariably check if a news report mentioning a Goose and Golden Eggs is featured. However, for Cellular Goods, there was nothing, thankfully not even a “We know of no reason for…” news release by the company. Maybe in this instance, something is actually happening as their share price decline has proven quite disappointing, the blame inevitably easily laid with the UK Govt. The unhelpful UK attitude in allowing promotion of cannabis based products, products where any personal experience tends turn folk into true believers certainly did no favours for CBX.L, a real company with some really effective products. Already a devotee of something called CBD Oil, discovered during chemotherapy (not the faux hemp based product sold by Semichem etc), the writer hoped Cellular Goods, backed by Beckham, would be the one to make the breakthrough to mainstream acceptance.
Perhaps news Twitter are easing their blinkered approach to advertising from the medical cannabis sector shall prove to be the reason for the 41% rise in share price. From the feel of share price movements during 1st March, some real hope felt possible as there wasn’t the usual massive spread, indicative of a pump & dump scam being fed from an internet chatroom. In fact, as the afternoon proceeded, everything almost felt genuine when viewing the mid-price against the Buy/Sell prices since noon. Still, this is the UK stock market and crossing ones fingers remains a tried and tested technical term. It doesn’t work, just gives the nervous trader something else to think about!
For light relief, we drew a lot of lines on the chart in an attempt to decide if the share price is actually reacting to a trend. This appears to be the case as, should we draw a trend since March of last year, the share exceeded the Blue line last week. Now, allegedly armed with a Cellular Goods lotion to hopefully ease the pain of the dreadful price drop during January and February, it’s easy to extrapolate some reasonable growth potentials for the future.
Currently trading around 1.1p, our software suggests the share price needs to actually close above 1.55p to be viewed as triggering movement to an initial 2.20p with secondary, if bettered, a more encouraging 3p. Visually, there’s an almost certain expectation of hesitation around the 3p level, if only due to the bunch of folk trapped in the share since the high of last August, opting to bail at break even and introducing selling pressure.
At this level, things get interesting according to our software.
If CBX.L discover an excuse for the share price to close a session above 3p, things move into Big Picture calculation territory, a period where lots of targets become available due to the Big Picture presenting a surprising 7.6p as a major ambition for the distant future.
Should everything decide to go horribly wrong, the share currently needs close a session below roughly 0.664p. This would be a seriously bad thing, worse than getting sand in your pain relief cream…
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:47:42PM | BRENT | 84.36 | ‘cess | ||||||||
| 9:51:25PM | GOLD | 1837.44 | 1829 | 1824 | 1817 | 1839 | 1845 | 1848 | 1862 | 1829 | Success |
| 9:53:50PM | FTSE | 7941 | Success | ||||||||
| 9:55:51PM | STOX50 | 4231.9 | ‘cess | ||||||||
| 9:58:00PM | GERMANY | 15337 | Shambles | ||||||||
| 10:06:29PM | US500 | 3957 | ‘cess | ||||||||
| 10:08:18PM | DOW | 32826.5 | ‘cess | ||||||||
| 10:22:03PM | NASDAQ | 11959.37 | ‘cess | ||||||||
| 10:23:50PM | JAPAN | 27474 | 27377 | 27308 | 27226 | 27511 | 27554 | 27608 | 27711 | 27419 |
01/03/2023 FTSE Closed at 7914 points. Change of 0.50%. Total value traded through LSE was: £ 6,974,404,128 a change of -21.96%
28/02/2023 FTSE Closed at 7876 points. Change of -0.74%. Total value traded through LSE was: £ 8,937,075,687 a change of 69.5%
27/02/2023 FTSE Closed at 7935 points. Change of 0.72%. Total value traded through LSE was: £ 5,272,651,300 a change of -17.32%
24/02/2023 FTSE Closed at 7878 points. Change of -0.37%. Total value traded through LSE was: £ 6,377,185,346 a change of 16.01%
23/02/2023 FTSE Closed at 7907 points. Change of -0.29%. Total value traded through LSE was: £ 5,497,114,036 a change of -4.82%
22/02/2023 FTSE Closed at 7930 points. Change of -0.59%. Total value traded through LSE was: £ 5,775,714,264 a change of -17.45%
21/02/2023 FTSE Closed at 7977 points. Change of -0.46%. Total value traded through LSE was: £ 6,996,845,952 a change of 263.69%
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:AML Aston Martin** **LSE:AZN Astrazeneca** **LSE:CBX Cellular Goods** **LSE:EMG MAN** **LSE:FOXT Foxtons** **LSE:IPF International Personal Finance** **LSE:ITRK Intertek** **LSE:OCDO Ocado Plc** **LSE:RR. Rolls Royce** **
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Updated charts published on : Aston Martin, Astrazeneca, Cellular Goods, MAN, Foxtons, International Personal Finance, Intertek, Ocado Plc, Rolls Royce,
LSE:AML Aston Martin. Close Mid-Price: 207.6 Percentage Change: + 3.23% Day High: 245 Day Low: 205
Target met. All Aston Martin needs are mid-price trades ABOVE 245 to impr ……..
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View Previous Aston Martin & Big Picture ***
LSE:AZN Astrazeneca Close Mid-Price: 10816 Percentage Change: -0.59% Day High: 10896 Day Low: 10788
If Astrazeneca experiences continued weakness below 10788, it will invari ……..
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View Previous Astrazeneca & Big Picture ***
LSE:CBX Cellular Goods. Close Mid-Price: 1.1 Percentage Change: + 41.94% Day High: 1.25 Day Low: 0.78
Target met. In the event of Cellular Goods enjoying further trades beyond ……..
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View Previous Cellular Goods & Big Picture ***
LSE:EMG MAN. Close Mid-Price: 279 Percentage Change: + 5.05% Day High: 279.6 Day Low: 263.8
Target met. In the event of MAN enjoying further trades beyond 279.6, the ……..
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View Previous MAN & Big Picture ***
LSE:FOXT Foxtons. Close Mid-Price: 39.8 Percentage Change: + 2.05% Day High: 40.1 Day Low: 39.6
All Foxtons needs are mid-price trades ABOVE 40.1 to improve acceleration ……..
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View Previous Foxtons & Big Picture ***
LSE:IPF International Personal Finance. Close Mid-Price: 111.2 Percentage Change: + 15.83% Day High: 113.8 Day Low: 102
Target met. Continued trades against IPF with a mid-price ABOVE 113.8 sho ……..
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View Previous International Personal Finance & Big Picture ***
LSE:ITRK Intertek Close Mid-Price: 4162 Percentage Change: -0.29% Day High: 4215 Day Low: 4112
Weakness on Intertek below 4112 will invariably lead to 3860 with seconda ……..
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View Previous Intertek & Big Picture ***
LSE:OCDO Ocado Plc Close Mid-Price: 529.6 Percentage Change: -3.50% Day High: 554.8 Day Low: 530.8
If Ocado Plc experiences continued weakness below 530.8, it will invariab ……..
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View Previous Ocado Plc & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 148.42 Percentage Change: + 2.40% Day High: 149.36 Day Low: 143.86
In the event of Rolls Royce enjoying further trades beyond 149.36, the sh ……..
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View Previous Rolls Royce & Big Picture ***