#FTSE #DAX Versarien appear to have raised just over 1/2 million UK pounds and thrashed their share price. The puzzle with this placement is, it’s less than most self respecting politicians will defraud when given a chance. Presumably this small cash injection is needed for more than just keeping this impressive graphene innovator afloat, because, as far as their share price is concerned, it’s now just about at rock bottom.
For a while, it seemed barely a day could go by without stumbling across some sort of impressive announcement regarding graphene but now, it appears the success of Versarien in celebrated far away from the UK, this shown in their website logo, “A Great British Success Story on the Other Side of the Globe!”. It’s a bit of a hollow refrain, given their share price closed Wednesday 3rd May 2023, DOWN an impressive 98.6% from their 80p high high back in 2021.
We’ve an argument which suggests the price almost certainly must be at a “bottom”, a statement which obviously lacks any form of guarantee. However, the low of 1.13p on Wednesday magically matched a calculation we had running. However, another bunch of formula were anxiously pointing out the share is trading in a zone, where an “ultimate bottom” works out at an eventual 0.23p. In fairness, while we cannot calculate below such a target, our hope would be for a bounce anytime soon and judging by share price movements recently, the market has taken considerable care (see inset) to march the share price downhill below Blue to the current level.
Obviously, there’s an implication with this Blue downtrend, should the share price break through Blue (currently 1.8p), we should perhaps hope Versarien Plc has ceased reducing in price. Despite any rise from current to the 1.8p level requiring an impressive 57% gain, which such a movement may garnish headlines, we require higher than 1.8p before feeling able to relax and hope we’ve just witnessed a trigger movement capable of lifting the share to an initial 3.06p with secondary, if exceeded, a visually sensible future 5.66p.
For the present, hopefully it shall prove the case LSE:VRS has indeed bottomed and is facing an end to the agony since 2021.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:04:11PM | BRENT | 71.95 | Success | ||||||||
| 10:06:33PM | GOLD | 2039.48 | Success | ||||||||
| 10:21:45PM | FTSE | 7750 | 7738 | 7724 | 7664 | 7776 | 7813 | 7839 | 7872 | 7780 | Shambles |
| 10:24:16PM | STOX50 | 4287.4 | Shambles | ||||||||
| 10:26:18PM | GERMANY | 15749.32 | 15730 | 15665 | 15587 | 15815 | 15899 | 15943 | 16025 | 15810 | Success |
| 10:28:46PM | US500 | 4079.82 | ‘cess | ||||||||
| 10:30:56PM | DOW | 33343 | ‘cess | ||||||||
| 10:33:57PM | NASDAQ | 13003.37 | ‘cess | ||||||||
| 10:35:58PM | JAPAN | 28661 |
3/05/2023 FTSE Closed at 7788 points. Change of 0.19%. Total value traded through LSE was: £ 5,052,417,233 a change of -36.96%
2/05/2023 FTSE Closed at 7773 points. Change of -1.23%. Total value traded through LSE was: £ 8,014,658,915 a change of 6.5%
1/05/2023 FTSE Closed at 7870 points. Change of 0%. Total value traded through LSE was: £ 7,525,342,837 a change of 5.53%
28/04/2023 FTSE Closed at 7870 points. Change of 0.5%. Total value traded through LSE was: £ 7,130,992,980 a change of 35.22%
27/04/2023 FTSE Closed at 7831 points. Change of -0.27%. Total value traded through LSE was: £ 5,273,731,128 a change of -19.3%
26/04/2023 FTSE Closed at 7852 points. Change of -0.49%. Total value traded through LSE was: £ 6,534,580,339 a change of 22.98%
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%
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:FGP Firstgroup** **LSE:FRES Fresnillo** **LSE:GRG Greggs** **LSE:RKH Rockhopper** **LSE:SBRY Sainsbury** **LSE:TLW Tullow** **LSE:ZOO Zoo Digital** **
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Updated charts published on : Aston Martin, Firstgroup, Fresnillo, Greggs, Rockhopper, Sainsbury, Tullow, Zoo Digital,
LSE:AML Aston Martin Close Mid-Price: 215 Percentage Change: -3.67% Day High: 235 Day Low: 211.2
If Aston Martin experiences continued weakness below 211.2, it will invar ……..
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View Previous Aston Martin & Big Picture ***
LSE:FGP Firstgroup. Close Mid-Price: 118.7 Percentage Change: + 1.45% Day High: 119.9 Day Low: 116.5
In the event of Firstgroup enjoying further trades beyond 119.9, the shar ……..
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View Previous Firstgroup & Big Picture ***
LSE:FRES Fresnillo. Close Mid-Price: 714 Percentage Change: + 1.91% Day High: 714.6 Day Low: 699.4
In the event Fresnillo experiences weakness below 692, it calculates with ……..
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View Previous Fresnillo & Big Picture ***
LSE:GRG Greggs. Close Mid-Price: 2880 Percentage Change: + 1.19% Day High: 2900 Day Low: 2854
All Greggs needs are mid-price trades ABOVE 2900 to improve acceleration ……..
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View Previous Greggs & Big Picture ***
LSE:RKH Rockhopper. Close Mid-Price: 13.85 Percentage Change: + 2.59% Day High: 14.5 Day Low: 13.8
Target met. Continued trades against RKH with a mid-price ABOVE 14.5 shou ……..
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View Previous Rockhopper & Big Picture ***
LSE:SBRY Sainsbury Close Mid-Price: 281.6 Percentage Change: -0.64% Day High: 287 Day Low: 281
Further movement against Sainsbury ABOVE 287 should improve acceleration ……..
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View Previous Sainsbury & Big Picture ***
LSE:TLW Tullow Close Mid-Price: 26.26 Percentage Change: -0.91% Day High: 26.72 Day Low: 25.66
Weakness on Tullow below 25.66 will invariably lead to 22 with secondary, ……..
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View Previous Tullow & Big Picture ***
LSE:ZOO Zoo Digital Close Mid-Price: 150 Percentage Change: -4.15% Day High: 156.5 Day Low: 147.5
Continued weakness against ZOO taking the price below 147.5 calculates as ……..
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View Previous Zoo Digital & Big Picture ***