#Gold #SP500
Once a company with a vibrant, exciting, share price, Hurricane Energy now finds itself pretty becalmed. It’s all a bit strange and appears to have been infected at the start of November last year, when the market opted to “gap” (manipulate) the share price up above the downtrend since 2019. And in the period since, sod all has effectively been happening!
Visually, it’s all a little strange. Generally, when the market opts to gap a share out of an immediate trend, it can be taken as a pretty sure sign the markets strongly expect something is coming yet, in the months since, Hurricane has struggled to achieve more than a one penny trading range. Of course, perhaps this means whatever expectation the market has, it may not be for something positive. The immediate situation certainly isn’t the most vibrant, at best giving a suggestion share price movement above 8.4p could challenge an initial 9.3p with secondary, if beaten, a marginally better 10.3p. It is all quite frustrating as we can even supply a 3rd level target of 11.9p.
Unfortunately, the share price needs close above 11.9p to suggest happy days are here again as true recovery becomes possible, the share price successfully making the transit from market plaything to something with very real potentials for the longer term.
Our converse scenario suggests weakness below 7p risks promoting reversal to 5.5p with secondary, if broken, a hopeful bottom of 3.22p.
For now, like the Ferrari F1 team, it’s a share with potential but visually inhibited by a series of bad choices.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:08:33PM | BRENT | 86.14 | ‘cess | ||||||||
| 11:10:26PM | GOLD | 1846.51 | 1844 | 1840 | 1834 | 1854 | 1858 | 1862 | 1881 | 1847 | |
| 11:13:00PM | FTSE | 7936.47 | ‘cess | ||||||||
| 11:15:03PM | STOX50 | 4309.5 | |||||||||
| 11:17:09PM | GERMANY | 15643.46 | |||||||||
| 11:19:17PM | US500 | 4051.77 | 4039 | 4026 | 4008 | 4059 | 4070 | 4083 | 4137 | 4040 | Success |
| 11:23:02PM | DOW | 33444 | ‘cess | ||||||||
| 11:25:42PM | NASDAQ | 12310.75 | Success | ||||||||
| 11:27:35PM | JAPAN | 28212 |
6/03/2023 FTSE Closed at 7929 points. Change of -0.23%. Total value traded through LSE was: £ 5,638,585,361 a change of -4.78%
3/03/2023 FTSE Closed at 7947 points. Change of 0.04%. Total value traded through LSE was: £ 5,921,700,262 a change of -13.69%
2/03/2023 FTSE Closed at 7944 points. Change of 34.33%. Total value traded through LSE was: £ 6,861,176,489 a change of -1.62%
1/03/2023 FTSE Closed at 5914 points. Change of -24.91%. 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%
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:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CPI Capita** **LSE:FOXT Foxtons** **LSE:IDS International Distribution** **LSE:RR. Rolls Royce** **LSE:TSCO Tesco** **
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Updated charts published on : Aston Martin, Avacta, Astrazeneca, British Telecom, Carclo, Capita, Foxtons, International Distribution, Rolls Royce, Tesco,
LSE:AML Aston Martin. Close Mid-Price: 276.1 Percentage Change: + 15.04% Day High: 301 Day Low: 249.6
Target Met. Above 301 still suggests the potential of a visit to 310 next ……..
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View Previous Aston Martin & Big Picture ***
LSE:AVCT Avacta Close Mid-Price: 127.8 Percentage Change: -5.61% Day High: 135 Day Low: 122
Now below 122 indicates the potential of reversal to 119 with secondary, i ……..
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View Previous Avacta & Big Picture ***
LSE:AZN Astrazeneca Close Mid-Price: 10742 Percentage Change: -0.39% Day High: 10818 Day Low: 10688
If Astrazeneca experiences continued weakness below 10688, it will invaria ……..
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View Previous Astrazeneca & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 148.75 Percentage Change: + 2.69% Day High: 149.55 Day Low: 145
Target Met. Now above 151 should indicate a change of pace, calculating wi ……..
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View Previous British Telecom & Big Picture ***
LSE:CAR Carclo. Close Mid-Price: 13.78 Percentage Change: + 2.23% Day High: 14.5 Day Low: 13.95
Now above 14.5p suggests the potential of movement to an initial 15.8p wit ……..
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View Previous Carclo & Big Picture ***
LSE:CPI Capita. Close Mid-Price: 42.64 Percentage Change: + 9.00% Day High: 43.16 Day Low: 38.66
Target Met. Now above 44 suggests travel to 48 with secondary, if beaten, ……..
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View Previous Capita & Big Picture ***
LSE:FOXT Foxtons. Close Mid-Price: 41.2 Percentage Change: + 3.00% Day High: 42.1 Day Low: 40.95
Target Met.It’s still the case above 43 should provoke 47, along with prob ……..
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View Previous Foxtons & Big Picture ***
LSE:IDS International Distribution Close Mid-Price: 244.6 Percentage Change: -0.81% Day High: 249.2 Day Low: 240.1
Continued trades against IDS with a mid-price ABOVE 250 should continue th ……..
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View Previous International Distribution & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 152.78 Percentage Change: + 2.10% Day High: 154.94 Day Low: 149.8
Target Met. Above 155 now suggests a visit to 188 next with secondary, if ……..
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View Previous Rolls Royce & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 259.9 Percentage Change: + 1.40% Day High: 260.9 Day Low: 257.4
Target Met. In the event of Tesco enjoying further trades beyond 261, the ……..
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View Previous Tesco & Big Picture ***