#Gold #Nasdaq We typically take a glance at the company website, when being asked to comment on a share. In the case of Predator, we immediately fell foul of one of our pet hates, the company front page claiming they are a “fossil fuel” company. As neither oil nor gas are actually fossil fuels, this presents an immediate “hanging offence”. At its most simplistic, just how many dinosaurs had to die to create oil, the second most common liquid on our entire planet?
And why are oil explorers not finding their extraction equipment constantly blocked with the remains of brontosaurus… In todays politically correct climate, such semantics may be important in case someone is offended by such an erroneous “fossil fuel” claim. Then again, it’s probably more acceptable than using “dead flowers and veg” as the reason for the abundance of oil, a resource which we keep being told will run out, yet a resource which keeps regenerating. Prior to the Scottish Independence referendum in 2014, the UK Govt rounded up plenty of experts to warn the people of Scotland oil was due to start running out within 10 years. With the UK Govt releasing a record 170 new licences this week for the North Sea, we can only guess at the levels of dinosaur genocide which occurred deep below the sea.
Now we’d dealt with the “fossil” problem, the rest of Predator’s website appears to be quite informative, giving hope for the future. Their involvement in Trinidad was a surprise as we’d been unaware the area lies within the Eastern Venezualan Basin, the 2nd largest source for oil in the world after Saudi Arabia. However, some of their recent share price movements have proved, to our eye, a little bit iffy and very little work is required to provoke some price reversals.
Below 11.3p now risks triggering reversals to an initial 9.1p with our longer term secondary calculation, should the initial target break, working out at 5.3p. We’d hope, should the 5.3p level make an appearance, to see the share price bounce, if only because we cannot calculate below such a number!
However, oil prices appear determined to rise slightly and perhaps this shall have another positive effect on Predator. The current situation suggests movement above 13.6p could trigger price recovery to an initial 15.1p with secondary, if beaten, at 17.6p. Closure above 17.6p should take the price into a brave new world as some impressive long term potentials will make themselves known.
Hopefully this share shall prove worth watching.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:14:48PM | BRENT | 8333 | Success | ||||||||
| 10:17:40PM | GOLD | 1934.33 | 1932 | 1930 | 1916 | 1939 | 1948 | 1954 | 1960 | 1939 | ‘cess |
| 10:21:39PM | FTSE | 7543.9 | Success | ||||||||
| 10:25:41PM | STOX50 | 4323.4 | Ditto | ||||||||
| 11:00:37PM | GERMANY | 15984.7 | Ditto | ||||||||
| 11:06:33PM | US500 | 4512.3 | Ditto | ||||||||
| 11:10:41PM | DOW | 35306 | Ditto | ||||||||
| 11:13:12PM | NASDAQ | 15377.3 | 15324 | 15265 | 15084 | 15430 | 15681 | 15771 | 15920 | 15573 | Ditto |
| 11:15:48PM | JAPAN | 32296 | Ditto |
2/08/2023 FTSE Closed at 7561 points. Change of -1.38%. Total value traded through LSE was: £ 4,683,211,781 a change of 12.76%
1/08/2023 FTSE Closed at 7667 points. Change of -0.42%. Total value traded through LSE was: £ 4,153,367,086 a change of -3.72%
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%
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:AV. Aviva** **LSE:BT.A British Telecom** **LSE:CASP Caspian** **LSE:PMG Parkmead** **LSE:SPT Spirent Comms** **
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Updated charts published on : Aviva, British Telecom, Caspian, Parkmead, Spirent Comms,
LSE:AV. Aviva Close Mid-Price: 378.9 Percentage Change: -1.92% Day High: 384.5 Day Low: 377.9
If Aviva experiences continued weakness below 377.9, it will invariably l ……..
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LSE:BT.A British Telecom Close Mid-Price: 118.95 Percentage Change: -2.78% Day High: 121.65 Day Low: 118.3
Weakness on British Telecom below 118.3 will invariably lead to 117 with ……..
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View Previous British Telecom & Big Picture ***
LSE:CASP Caspian Close Mid-Price: 3 Percentage Change: -4.76% Day High: 3.15 Day Low: 3
It’s now the case below 3p looks capable of reversal to an initial 2.2 wit ……..
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View Previous Caspian & Big Picture ***
LSE:PMG Parkmead. Close Mid-Price: 19.85 Percentage Change: + 10.28% Day High: 19 Day Low: 18
All Parkmead needs are mid-price trades ABOVE 19 to improve acceleration ……..
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View Previous Parkmead & Big Picture ***
LSE:SPT Spirent Comms Close Mid-Price: 152.1 Percentage Change: -9.46% Day High: 166 Day Low: 149.6
Target met. If Spirent Comms experiences continued weakness below 149.6, ……..
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View Previous Spirent Comms & Big Picture ***