#CAC40 #DAX As the nation counts down breathlessly to the most important event of this year, the Eurovision song contest from Liverpool, we’d a moments pause for thought at the horrific news Kazakhstan are not bothering televising the event for their home audience. Apparently no-one in the country wants to watch it and anyway, the sum of money demanded to participate made it easy to decline.
Okay, to be honest, we’d absolutely no idea the musical homage to the tone deaf was being shown this coming weekend. But when we did a Google search for Central Asia Metals, one of these random Google results pulled us into a Eurovision rabbit hole where we discovered only part of Kazakhstan is adjudged as being in Europe. Glancing at a map, it’s certainly a very large country and it was no surprise discovering London based Central Asia Metals produce Zinc, Copper, and Lead from several locations in the country.
Presently trading around 206p, the share price need only exceed 215p to hopefully trigger price recovery to an initial 228p. If such a level is exceeded, our secondary works out at 242p, placing the share price in a region where a long term 270p becomes a viable proposition. There’s a vague hope the share price recently hit a bottom at 197p, so perhaps a bounce will become viable if there’s any immediate strength.
However, we’re not convinced about the arguments for a near term bounce, suspecting any break of 197p shall see the share price propelled to a “proper” bottom as we can calculate a visit to an initial 178p with secondary, if broken, at 170p. Our usual expectation, when two targets are bunched together like this, is to express a hope for a coming bounce anytime soon. Backing up this theory is a fairly ridiculous sounding calculation, if 170p breaks, as an ultimate bottom of 124p becomes possible.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:47:50PM | BRENT | 76.6 | |||||||||
| 9:50:10PM | GOLD | 2031.23 | |||||||||
| 9:52:37PM | FTSE | 7750.95 | ‘cess | ||||||||
| 9:59:49PM | STOX50 | 4306 | 4281 | 4271 | 4243 | 4310 | 4311 | 4319 | 4332 | 4292 | Success |
| 10:02:52PM | GERMANY | 15898 | 15875 | 15818 | 15761 | 15918 | 15921 | 15944 | 15986 | 15881 | Shambles |
| 10:10:20PM | US500 | 4140.47 | Success | ||||||||
| 10:12:55PM | DOW | 33507 | ‘cess | ||||||||
| 10:14:54PM | NASDAQ | 13355 | Success | ||||||||
| 10:17:53PM | JAPAN | 29040 | Success |
10/05/2023 FTSE Closed at 7741 points. Change of -0.3%. Total value traded through LSE was: £ 4,581,255,813 a change of -35.41%
9/05/2023 FTSE Closed at 7764 points. Change of -0.18%. Total value traded through LSE was: £ 7,092,371,085 a change of 60.33%
5/05/2023 FTSE Closed at 7778 points. Change of 0.99%. Total value traded through LSE was: £ 4,423,579,038 a change of -18.99%
4/05/2023 FTSE Closed at 7702 points. Change of -1.1%. Total value traded through LSE was: £ 5,460,672,178 a change of 8.08%
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 -100%. Total value traded through LSE was: £ 7,525,342,837 a change of 0%
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:ASC Asos** **LSE:BBY BALFOUR BEATTY** **LSE:CAR Carclo** **LSE:CBX Cellular Goods** **LSE:FGP Firstgroup** **LSE:IAG British Airways** **LSE:OXIG Oxford Instruments** **LSE:SPX Spirax** **LSE:ZOO Zoo Digital** **
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Updated charts published on : Asos, BALFOUR BEATTY, Carclo, Firstgroup, British Airways, Oxford Instruments, Spirax, Zoo Digital,
LSE:ASC Asos Close Mid-Price: 487.4 Percentage Change: -23.34% Day High: 631 Day Low: 489
Target met. Weakness on Asos below 489 will invariably lead to 478 with s ……..
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View Previous Asos & Big Picture ***
LSE:BBY BALFOUR BEATTY Close Mid-Price: 392.8 Percentage Change: -0.15% Day High: 395.8 Day Low: 389.6
All BALFOUR BEATTY needs are mid-price trades ABOVE 395.8 to improve acce ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:CAR Carclo Close Mid-Price: 11.22 Percentage Change: -0.22% Day High: 11.2 Day Low: 9.8
In the event Carclo experiences weakness below 9.8 it calculates with a d ……..
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View Previous Carclo & Big Picture ***
LSE:CBX Cellular Goods. Close Mid-Price: 1.3 Percentage Change: + ##.##% Day High: 1.98 Day Low: 0.62
Target met. Further movement against Cellular Goods ABOVE 1.98 should imp ……..
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View Previous Cellular Goods & Big Picture ***
LSE:FGP Firstgroup Close Mid-Price: 123.3 Percentage Change: -0.48% Day High: 127.1 Day Low: 122.4
All Firstgroup needs are mid-price trades ABOVE 127.1 to improve accelera ……..
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View Previous Firstgroup & Big Picture ***
LSE:IAG British Airways Close Mid-Price: 154.2 Percentage Change: -1.03% Day High: 156 Day Low: 153.35
All British Airways needs are mid-price trades ABOVE 156 to improve acce ……..
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View Previous British Airways & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2855 Percentage Change: + 2.15% Day High: 2850 Day Low: 2770
Target met. Continued trades against OXIG with a mid-price ABOVE 2850 sho ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 11180 Percentage Change: + 0.31% Day High: 11245 Day Low: 10620
If Spirax experiences continued weakness below 10620, it will invariably ……..
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View Previous Spirax & Big Picture ***
LSE:ZOO Zoo Digital Close Mid-Price: 140 Percentage Change: -5.72% Day High: 148.5 Day Low: 141.5
In the event Zoo Digital experiences weakness below 141.5 it calculates w ……..
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View Previous Zoo Digital & Big Picture ***