Futura Medical Plc (LSE:FUM) worth watching?

#Gold #SP500  A day when you learn something new is never wasted and the discovery that Futura Plc’s (specialists in Transdermal Drug Delivery technology) reason for existence is actually glaringly obvious. The word Transdermal threw a bit of a curved ball but, it means absorbing drugs via the skin. It could be a cream, it could be a slow release patch, but this is all that’s meant by the term. Doubtless the mechanism involved is fairly complex and personally, their innovation cannot come fast enough.

As someone with a personal axe to grind regarding medicines, a combination of daily chemotherapy pills, daily Diabetes T2 pills, blood pressure pills, and an astonishing number of pills given to deal with the side effects of the core pills, leads to an utter distaste for medical regimes. Once a month, after collecting 28 days worth of drugs, there’s a depressing job of settling down and spending the next hour or so, filling four pill dispensers with morning and evening drugs. It’s depressing, ‘cos each and every pill reminds of the illness it treats as, trust me, you don’t squeeze a pill out of its packaging and thank it for keeping leukaemia at bay.

 

After reading about Futura’s activities, a future where slapping on a slow release ‘patch’ seems quite attractive though perhaps, in my case, I’d require rather a lot of the things. One thing which proves infuriating is the packaging standard for medicines. There isn’t one! Instead, each company tries hard to outdo the others by making pills difficult to remove from film wrapping. Asking the pharmacist if it was possible to just order a jar of each pill type received a blank stare. My dog, on the other hand, needed antibiotics last week and we were given a jar with a course of 18 pills, each of which needed concealed in peanut butter to fool her into taking them.

 

Personal grudges aside, Futura (who probably love the current reboot of Futurama on telly) are currently proving fairly interesting as their share price need only exceed 62p to hopefully trigger the price into a cycle with some gains. Initially, we can calculate an initial 73p as possible with our secondary, if beaten, working out at 91p and some possible hesitation. As the chart below shows, their share price has actually proven fairly stable over the years, lacking the warning visuals implying over-enthusiastic internet chatrooms have been infecting price movements.

After so saying, future price closure above 91p is almost certain to dump the price into a region, where a future 154p calculates as very possible.

 

Should things intend go wrong, the price needs below 32p to cause trouble, looking capable of provoking reversal to an initial 17p with secondary, if broken, at a bottom around 9.6p.

 

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:57:16PM BRENT 8537.9 Success
10:11:13PM GOLD 1965.16 1950 1943 1934 1963 1972 1975 1986 1964 ‘cess
10:13:41PM FTSE 7699.5
10:17:33PM STOX50 4472.5 ‘cess
10:20:51PM GERMANY 16467 ‘cess
10:23:04PM US500 4591.9 4572 4566 4557 4585 4594 4599 4608 4578 ‘cess
10:25:40PM DOW 35577
10:28:16PM NASDAQ 15768.3
10:31:13PM JAPAN 33297

 

31/07/2023 FTSE Closed at 7699 points. Change of 0.06%. Total value traded through LSE was: £ 4,313,676,670 a change of -54.58%
28/07/2023 FTSE Closed at 7694 points. Change of 0.03%. Total value traded through LSE was: £ 9,496,592,538 a change of 26.18%
27/07/2023 FTSE Closed at 7692 points. Change of 0.21%. Total value traded through LSE was: £ 7,526,466,026 a change of 81.26%
26/07/2023 FTSE Closed at 7676 points. Change of -0.2%. Total value traded through LSE was: £ 4,152,321,908 a change of -7.74%
25/07/2023 FTSE Closed at 7691 points. Change of 0.17%. Total value traded through LSE was: £ 4,500,914,113 a change of -15.2%
24/07/2023 FTSE Closed at 7678 points. Change of 0.2%. Total value traded through LSE was: £ 5,307,369,816 a change of 18.72%
21/07/2023 FTSE Closed at 7663 points. Change of 0.22%. Total value traded through LSE was: £ 4,470,558,321 a change of -16.97%

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:CAR Carclo** **LSE:CNA Centrica** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:RKH Rockhopper** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:TLW Tullow** **

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Updated charts published on : Aston Martin, Asos, Carclo, Centrica, British Airways, Intercontinental Hotels Group, Rockhopper, Scottish Mortgage Investment Trust, Tullow,


LSE:AML Aston Martin. Close Mid-Price: 395.4 Percentage Change: + 4.49% Day High: 396.2 Day Low: 375.8

In the event of Aston Martin enjoying further trades beyond 396.2, the sh ……..

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LSE:ASC Asos. Close Mid-Price: 420.6 Percentage Change: + 1.47% Day High: 433.4 Day Low: 412

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LSE:CAR Carclo Close Mid-Price: 14.22 Percentage Change: -1.39% Day High: 14.95 Day Low: 13.55

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LSE:CNA Centrica. Close Mid-Price: 138.05 Percentage Change: + 2.87% Day High: 139.35 Day Low: 134.5

In the event of Centrica enjoying further trades beyond 139.35, the share ……..

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LSE:IAG British Airways. Close Mid-Price: 171.1 Percentage Change: + 3.60% Day High: 171.85 Day Low: 164.95

Target met. In the event of British Airways enjoying further trades beyo ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5756 Percentage Change: + 0.35% Day High: 5782 Day Low: 5714

All Intercontinental Hotels Group needs are mid-price trades ABOVE 5782 t ……..

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LSE:RKH Rockhopper Close Mid-Price: 12 Percentage Change: -2.04% Day High: 12.2 Day Low: 11.7

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 735.8 Percentage Change: + 2.19% Day High: 737.6 Day Low: 714.2

Target met. In the event of Scottish Mortgage Investment Trust enjoying f ……..

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LSE:TLW Tullow. Close Mid-Price: 34.48 Percentage Change: + 3.67% Day High: 35.04 Day Low: 33

Further movement against Tullow ABOVE 35.04 should improve acceleration t ……..

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

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