#FTSE #Stoxx50 We’re probably far from the target demographic for Technology Minerals as events of the last weekend proved. Our little red tractor decided, out of the blue, to stop starting. It’s only crime, a flat battery, one which refused to energise despite being connected to a charger for two days. It’s a specialised battery, designed to fit its own area. Sometimes, it feels like the entire engine bay was designed around the place the battery fits!
A replacement battery wasn’t available locally or, anywhere close on the mainland. Getting one despatched by courier appeared to be an option, one which came with a 40 day wait along with a seriously frightening postage cost. Eventually came the realisation a conventional battery could be fitted in the storage box under the seat, simply requiring a new thick red wire routed forward to the engine bay but while on YouTube reviewing how other folk did this job, a video appeared on the right hand column called “New Life from Sealed Batteries!” The tractor battery is one of these sealed things, designed to avoid acid spilling due to some of the stupid (and dangerous) angles a tractor can find itself at. Cutting a long story short, the top of the battery was eventually unglued, each cell washed out with hot water, and drained, and eventually a trip to a friendly workshop had the thing topped up with battery fluid. Once the top was again glued in place, the little tractor started immediately.
Technology Minerals Plc are interesting, describing themselves as establishing a circular economy for battery metals within one group. They’re aiming to extract the raw materials and also become involved in recycling spent batteries, producing the metals for reuse by battery manufacturers. From reading their website, the prospects all look quite exciting for the future, their chairman being Robin Brundle, brother of sports commentator and ex-F1 driver Martin Brundle.
For a considerable time, the share price had an ultimate bottom of just 0.6p, a fate it managed to avoid by bouncing from the 0.8 level. Recently, it has made some movements which indicate it intends experience some recovery and the immediate situation suggests price movements above 2.75p should challenge an initial 3.16p next. In the event this ambition is bettered, things become rather more interesting as there’s very little impediment to stop a further lunge in the direction of 3.9p.
We’re always pretty optimistic, when the market chooses to gap (circled) a share price above an obvious downtrend, the implication being “this trend doesn’t matter anymore”. Two reasonable gaps during April suggest the market has plans for this share price, so perhaps worth keeping an eye on. We’ve shown some longer term potentials which, at present, are purely speculation as our initial growth cycle needs come to fruition before any degree of reality may be assigned to the 6p level.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:21:06PM | BRENT | 80.67 | |||||||||
| 10:22:59PM | GOLD | 1997.44 | Success | ||||||||
| 10:25:18PM | FTSE | 7874.4 | 7850 | 7833 | 7798 | 7873 | 7907 | 7919 | 7942 | 7878 | Success |
| 10:27:45PM | STOX50 | 4356.8 | 4343 | 4338 | 4315 | 4362 | 4364 | 4370 | 4379 | 4354 | Success |
| 11:05:00PM | GERMANY | 15832 | ‘cess | ||||||||
| 11:07:09PM | US500 | 4096.62 | Success | ||||||||
| 11:10:03PM | DOW | 33607 | ‘cess | ||||||||
| 11:11:54PM | NASDAQ | 12911 | Success | ||||||||
| 11:13:54PM | JAPAN | 28437 | Success |
25/04/2023 FTSE Closed at 7891 points. Change of -0.27%. Total value traded through LSE was: £ 5,313,341,670 a change of -9.21%
24/04/2023 FTSE Closed at 7912 points. Change of -0.03%. Total value traded through LSE was: £ 5,852,631,583 a change of -1.53%
21/04/2023 FTSE Closed at 7914 points. Change of 0.15%. Total value traded through LSE was: £ 5,943,468,959 a change of 7%
20/04/2023 FTSE Closed at 7902 points. Change of 0.05%. Total value traded through LSE was: £ 5,554,730,029 a change of 35.28%
19/04/2023 FTSE Closed at 7898 points. Change of -0.14%. Total value traded through LSE was: £ 4,106,183,420 a change of -11.15%
18/04/2023 FTSE Closed at 7909 points. Change of 0.38%. Total value traded through LSE was: £ 4,621,350,278 a change of -3.08%
17/04/2023 FTSE Closed at 7879 points. Change of 0.1%. Total value traded through LSE was: £ 4,768,055,555 a change of -13.28%
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:BBY BALFOUR BEATTY** **LSE:FGP Firstgroup** **LSE:IDS International Distribution** **LSE:JET Just Eat** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:TERN Tern Plc** **
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Updated charts published on : BALFOUR BEATTY, Firstgroup, International Distribution, Just Eat, Scottish Mortgage Investment Trust, Tern Plc,
LSE:BBY BALFOUR BEATTY. Close Mid-Price: 385 Percentage Change: + 0.94% Day High: 386.8 Day Low: 380
Further movement against BALFOUR BEATTY ABOVE 387 should improve accelerat ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:FGP Firstgroup Close Mid-Price: 110.9 Percentage Change: -0.18% Day High: 116 Day Low: 109.2
Firstgroup enjoying further trades beyond 116 and the share should experie ……..
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View Previous Firstgroup & Big Picture ***
LSE:IDS International Distribution Close Mid-Price: 247.9 Percentage Change: -2.63% Day High: 260 Day Low: 247.7
International Distribution needs mid-price trades ABOVE 258.9 to extend ac ……..
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View Previous International Distribution & Big Picture ***
LSE:JET Just Eat Close Mid-Price: 1350 Percentage Change: -0.44% Day High: 1369 Day Low: 1339
Continued weakness against JET taking the price below 1339 calculates as l ……..
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View Previous Just Eat & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 621.8 Percentage Change: -1.74% Day High: 632.2 Day Low: 620.6
Continued weakness against SMT taking the price below 620 calculates as le ……..
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View Previous Scottish Mortgage Investment Trust & Big Picture ***
LSE:TERN Tern Plc Close Mid-Price: 4.12 Percentage Change: -17.50% Day High: 5 Day Low: 4.12
Target Met. This appears to be taking ownership of the naughty step. Below ……..
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View Previous Tern Plc & Big Picture ***