Shanta Gold Ltd (LSE:SHG) looking good.

#Gold #Nasdaq

Inevitably, following the discovery of a single flake of gold on a beach at a local river, there was an driving urge to view a Gold share to inspect the market potentials. To come clean, the same beach featured on todays dog walk, unearthing a few other golden flakes with close inspection of a layer of black sand, an area where gold allegedly likes to hide.

It looks very like permission shall be sought from the farmer/landowner to try my luck with a gold panning kit, a very rarely used present from years ago, one of these joke birthday presents men of a certain age tend be presented with every year. It’s currently in the garden shed, at the very back and under a pile of untouched  fishing gear. After all, Scotgold here in Argyll claim to have around 4 tons of gold inside a mountain, their share price constantly failing to reflect any optimism.

However, Shanta Gold appear to be exhibiting some potentials, doubtless related to the constant little nudges upward the US dollar price of gold is experiencing. Currently, we can argue the Big Picture for Gold suggests $2125 as a viable longer term target. Or perhaps it’s to do with the undoubted slick photo’s of their gold extraction operation on their website. As someone addicted to Gold Rush and Bering Sea Gold on telly, the layout of Shanta’s operation makes the North American operations look like heavy machinery scrap yard’s trying to do something else.

 

At present, it looks like Shanta need only close a session above 12p to enter a movement cycle toward an initial 15.3p with secondary, if exceeded, calculating at an important 18.3p. Closure above 18.3p shall be regarded as important for the future, making a longer term 29p a viable proposition. Given the share price is presently trading around 11.8p, it certainly doesn’t need work hard to enact a fairly optimistic breakout for the future.

Their share price needs dig a hole below 9p to suggest trouble approaching, closing a session below Red on the chart and spoiling all our previous calculations.

For now, we suspect Shanta will prove worth watching.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
12:05:41AM BRENT 73.35 Shambles
12:16:54AM GOLD 1979.47 1965 1947 1926 1986 2011 2018 2037 1987 Success
12:19:03AM FTSE 7421.84 Shambles
12:20:51AM STOX50 4148.3 Success
12:23:57AM GERMANY 15021.97 Success
12:26:38AM US500 3967.5 Success
12:28:33AM DOW 32330
12:30:19AM NASDAQ 12602 12512 12479 12434 12577 12612 12662 12748 12512
12:32:39AM JAPAN 27176

 

20/03/2023 FTSE Closed at 7403 points. Change of 0.93%. Total value traded through LSE was: £ 6,265,515,535 a change of -57.61%
17/03/2023 FTSE Closed at 7335 points. Change of -1.01%. Total value traded through LSE was: £ 14,781,854,376 a change of 86.96%
16/03/2023 FTSE Closed at 7410 points. Change of 0.9%. Total value traded through LSE was: £ 7,906,260,016 a change of -5.19%
15/03/2023 FTSE Closed at 7344 points. Change of -3.84%. Total value traded through LSE was: £ 8,338,790,623 a change of 43.77%
14/03/2023 FTSE Closed at 7637 points. Change of 1.18%. Total value traded through LSE was: £ 5,799,952,343 a change of -34.08%
13/03/2023 FTSE Closed at 7548 points. Change of -2.58%. Total value traded through LSE was: £ 8,798,482,438 a change of 25.79%
10/03/2023 FTSE Closed at 7748 points. Change of -1.66%. Total value traded through LSE was: £ 6,994,694,563 a change of 6.35%

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:ASC Asos** **LSE:AV. Aviva** **LSE:AVCT Avacta** **LSE:BARC Barclays** **LSE:BP. BP PLC** **LSE:CCL Carnival** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:LLOY Lloyds Grp.** **LSE:MMAG Music Magpie** **LSE:NWG Natwest** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPT Spirent Comms** **LSE:STAN Standard Chartered** **LSE:TLW Tullow** **

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Updated charts published on : Aston Martin, Asos, Aviva, Avacta, Barclays, BP PLC, Carnival, Genel, Gulf Keystone, British Airways, IG Group, Lloyds Grp., Music Magpie, Natwest, Scottish Mortgage Investment Trust, Spirent Comms, Standard Chartered, Tullow,

LSE:AML Aston Martin Close Mid-Price: 231.1 Percentage Change: -0.52% Day High: 245.1 Day Low: 216.5

If Aston Martin experiences continued weakness below 216, it will invariab ……..

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LSE:ASC Asos Close Mid-Price: 722 Percentage Change: -2.10% Day High: 737 Day Low: 686.5

Target Met. Below 686 presents a scenario giving reversal to an initial 59 ……..

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LSE:AV. Aviva. Close Mid-Price: 411.6 Percentage Change: + 2.34% Day High: 414.7 Day Low: 383.6

Target Met. 17/03/2023: If Aviva experiences continued weakness below 383 ……..

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LSE:AVCT Avacta Close Mid-Price: 120 Percentage Change: -7.55% Day High: 128.5 Day Low: 119

Target Met. Hopefully there shall be a bounce from the current level as th ……..

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LSE:BARC Barclays Close Mid-Price: 136.36 Percentage Change: -2.29% Day High: 138.04 Day Low: 128.16

Target Met. Now below 128 threatens reversal to 124 next with secondary, i ……..

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LSE:BP. BP PLC. Close Mid-Price: 487 Percentage Change: + 1.47% Day High: 492.5 Day Low: 467.1

Now below 467 indicates the risk of ongoing reversal to 438 with secondary ……..

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LSE:CCL Carnival Close Mid-Price: 630.2 Percentage Change: -0.72% Day High: 647.8 Day Low: 612

Below 612 remains on course for reversal to 519 with secondary, if broken, ……..

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LSE:GENL Genel Close Mid-Price: 111.4 Percentage Change: -1.76% Day High: 114 Day Low: 112

Below 111 indicates reversal potentials to an initial 104 with secondary, ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 170.8 Percentage Change: -0.23% Day High: 171.4 Day Low: 161.2

Below 161 still suggests a potential for reversal to 151 with secondary, i ……..

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LSE:IAG British Airways. Close Mid-Price: 137.66 Percentage Change: + 3.30% Day High: 139.28 Day Low: 127.8

Target Met. This needs above 145 to make some sense, allowing recovery to ……..

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LSE:IGG IG Group. Close Mid-Price: 692 Percentage Change: + 2.75% Day High: 694 Day Low: 658.5

Weakness on IG Group below 658 will invariably lead to 645 with secondary ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 46.1 Percentage Change: -0.31% Day High: 46.73 Day Low: 43.69

Now below 43.6 indicates the potential of reversal to an initial 43.1 with ……..

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LSE:MMAG Music Magpie. Close Mid-Price: 26.6 Percentage Change: + 5.14% Day High: 26.6 Day Low: 23.1

Weakness now below 23 suggests coming travel to an initial 17p with second ……..

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LSE:NWG Natwest Close Mid-Price: 257.8 Percentage Change: -0.08% Day High: 259.8 Day Low: 237.2

Target Met. In the unlikely even this trips below 237p, reversal to an ini ……..

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LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 662.2 Percentage Change: -1.34% Day High: 666 Day Low: 649

Target Met. Now needing above 738 to make any recovery appear viable, such ……..

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LSE:SPT Spirent Comms. Close Mid-Price: 170.2 Percentage Change: + 0.89% Day High: 170.2 Day Low: 164.6

This isn’t looking great as continued traffic below 164 still indicates a ……..

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LSE:STAN Standard Chartered Close Mid-Price: 615 Percentage Change: -3.00% Day High: 619 Day Low: 578.8

Traffic continuing below 578 now points at 536 next with secondary, if bro ……..

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LSE:TLW Tullow Close Mid-Price: 27.6 Percentage Change: -4.63% Day High: 29.66 Day Low: 26.18

Now below 26 has the potential for reversal to 22 with secondary, if broke ……..

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*** End of “Updated Today” comments on shares.

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