#Gold #SP500 When we looked at Pantheon over a year ago, we’d gloomily given a “bottom” potential at 47p, an aspiration the share price didn’t exactly ignore. While it’s currently trading around 11p, share price movements provided a classical lesson on why we distrust things when a target level is broken, or in the case of Pantheon, shattered. This was to prove to be one of these instances where, if a price is seen to be reacting to a trend or a target, the odds are of something important happening.
At the end of last year, the share price treated our 47p ambition with similar distain to a politician dealing with the electorate, yet we were left with a sneaking suspicion our “bottom” target was correct. In the next couple of months, share price movements paid homage to the 47p level, gradually nudging higher until there was a vague chance the original break of 47p was all a dreadful mistake. This sense of sanity was to be a mistake, the original drop below 47p proving to be a solid signal worse days were ahead and on March 6th of this year, the market chose to Gap (manipulate – circled) the share value firmly below the 47p, level, opening the session at 34p with a pretty solid suggestion “they” wanted the share price down further.
The further implication behind the above nasty little game was of Pantheon’s price not being dumped in a free fall position, instead there hopefully being a hint the market has a cunning plan for “bottom”, just one which wasn’t immediately obvious to our cynical eyes. There is now a chance the current drop to 11p may actually be the final ritual dance steps in this game of blindfolded limbo as we could introduce a tenuous price target at the 12p, the exact number being impossible to accurately calculate, thanks to the manipulation gap above. Our “ultimate bottom” worked out at somewhere between 4p and 12p, so the price is now viewed as being in the zone where we should hope for a bounce.
In the event the share price co-operates and heads upward, above 15.25p looks like it should trigger surprise recovery to an initial 18p with secondary, if bettered, at a more useful 25p. At this level, things become interesting as the price needs close above 25p to give the first signal of a change in attitude, one which should permit a visit to a game changing 41p along with an urgent need for us to revisit the shares longer term potentials.
For now, hopefully this Alaskan oil miner discovers a trampoline.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:24:51PM | BRENT | 7494.7 | 7502 | ‘cess | |||||||
| 10:26:46PM | GOLD | 1921.24 | 1909 | 1903 | 1894 | 1921 | 1931 | 1936 | 1943 | 1920 | ‘cess |
| 10:28:54PM | FTSE | 7529 | |||||||||
| 10:32:41PM | STOX50 | 4406.3 | |||||||||
| 10:43:51PM | GERMANY | 16105.4 | ‘cess | ||||||||
| 10:46:24PM | US500 | 4454.3 | 4439 | 4433 | 4425 | 4453 | 4457 | 4465 | 4479 | 4445 | |
| 10:48:40PM | DOW | 34429.5 | |||||||||
| 10:51:25PM | NASDAQ | 15200 | |||||||||
| 10:54:04PM | JAPAN | 33605 | Success |
3/07/2023 FTSE Closed at 7527 points. Change of -0.05%. Total value traded through LSE was: £ 5,402,403,715 a change of 3.4%
30/06/2023 FTSE Closed at 7531 points. Change of 0.8%. Total value traded through LSE was: £ 5,224,612,707 a change of -11.43%
29/06/2023 FTSE Closed at 7471 points. Change of -0.39%. Total value traded through LSE was: £ 5,898,729,234 a change of 13.7%
28/06/2023 FTSE Closed at 7500 points. Change of 0.52%. Total value traded through LSE was: £ 5,188,003,612 a change of 2.29%
27/06/2023 FTSE Closed at 7461 points. Change of 0.11%. Total value traded through LSE was: £ 5,071,918,393 a change of 6.71%
26/06/2023 FTSE Closed at 7453 points. Change of -0.11%. Total value traded through LSE was: £ 4,753,007,649 a change of 17.78%
23/06/2023 FTSE Closed at 7461 points. Change of -0.55%. Total value traded through LSE was: £ 4,035,557,775 a change of -15.52% 
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:AFC AFC Energy** **LSE:AZN Astrazeneca** **LSE:CCL Carnival** **LSE:CNA Centrica** **LSE:ECO ECO (Atlantic) O & G** **LSE:HSBA HSBC** **LSE:MKS Marks and Spencer** **
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Updated charts published on : AFC Energy, Astrazeneca, Carnival, Centrica, ECO (Atlantic) O & G, HSBC, Marks and Spencer,
LSE:AFC AFC Energy. Close Mid-Price: 12.92 Percentage Change: + 2.22% Day High: 12.78 Day Low: 12.12
Continued weakness against AFC taking the price below 12.12 calculates as ……..
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LSE:AZN Astrazeneca Close Mid-Price: 10374 Percentage Change: -8.00% Day High: 11044 Day Low: 10330
If Astrazeneca experiences continued weakness below 10330, it will invari ……..
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LSE:CCL Carnival. Close Mid-Price: 1341.5 Percentage Change: + 3.15% Day High: 1345.5 Day Low: 1305
Target met. Further movement against Carnival ABOVE 1345.5 should improve ……..
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LSE:CNA Centrica. Close Mid-Price: 124.7 Percentage Change: + 0.61% Day High: 125.7 Day Low: 123.8
In the event of Centrica enjoying further trades beyond 125.7, the share ……..
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LSE:ECO ECO (Atlantic) O & G Close Mid-Price: 13.75 Percentage Change: -5.17% Day High: 14.5 Day Low: 13.75
In the event ECO (Atlantic) O & G experiences weakness below 13.75 it cal ……..
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LSE:HSBA HSBC. Close Mid-Price: 627.6 Percentage Change: + 0.95% Day High: 628.5 Day Low: 622.2
In the event of HSBC enjoying further trades beyond 628.5, the share shou ……..
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LSE:MKS Marks and Spencer. Close Mid-Price: 195.75 Percentage Change: + 1.58% Day High: 195.75 Day Low: 192.75
All Marks and Spencer needs are mid-price trades ABOVE 195.75 to improve ……..
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View Previous Marks and Spencer & Big Picture ***