eEnergy Plc (LSE:EAAS) sparking into life?

#Gold #Nasdaq  With the decision to bite the bullet and order some solar panels for our home here in Argyll, we decided to take a look at companies claiming to be at the forefront of the industry. To be upfront, we decided to eschew “help” for our own solar scheme, our south facing cottage probably capable of becoming quite self sustaining, our intention being to create something without interference from the national grid.

Our thinking is fairly simple. Currently, our electricity supplier is offering 5p per kw/hour as a refund for electricity fed back into the system. However, if we buy a kw/hour from them, it’s at 27p, obviously great for our electricity supplier but making less sense from the customers viewpoint. In our case, the intention is to employ storage batteries which will ensure we’ve ample power during the hours of darkness in our Scottish winters. We’re also a little spoiled with a stream running through the garden, one which is again about to start generating a small amount of power, due to version one of the design being washed out to sea! Eventually, by developing something in parallel with the existing electrical supply, we hope to be at the stage we’ve reached with the TV, a point when we can tell the BBC to cancel the licence as we’ve weaned ourselves off live TV.

In our case, we’re lucky with a family member who’s a fully fledged electrician and able to ensure compliance with safety regulations and standards. Whether the project is hydro or solar related, once you start making plans for heating systems and hot water supply, things risk becoming dangerous pretty quickly and beyond most DIY ambitions.

 

eEnergy have created a slick and informative website, aimed at assisting companies start their journey to “net zero” (whatever that actually is), while also offering their customers to chance to pocket a little loose change along the way. Broadly speaking, they’ve created something aimed at taking the hassle of doing the right thing away from the client, providing plenty of Case Studies which should assure prospective clients.

A share price now above 7p should now prove capable of triggering price recovery to an initial 9.1p with secondary, if exceeded, working out at 10.3p. Visually, the secondary is liable to prove quite important for the long term as it affords the price the chance of closing above the visual glass ceiling at 10p. This should be extremely significant for the future as closure above 10p takes the price into a zone where strong improvement to a future 22p works out as possible.

This is perhaps worth keeping an eye on.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:41:54PM BRENT 8598
9:44:57PM GOLD 1907.07 1902 1898 1869 1916 1912 1914 1918 1908 ‘cess
9:58:39PM FTSE 7515.1 ‘cess
10:00:42PM STOX50 4337
10:03:18PM GERMANY 15922.5
10:05:35PM US500 4491
10:08:01PM DOW 35298.5
10:10:58PM NASDAQ 15211 14954 14890 14783 15053 15212 15269 15374 15104 Shambles
10:15:47PM JAPAN 32300 Success

 

14/08/2023 FTSE Closed at 7507 points. Change of -0.23%. Total value traded through LSE was: £ 4,084,432,990 a change of -33.31%
11/08/2023 FTSE Closed at 7524 points. Change of -1.23%. Total value traded through LSE was: £ 6,124,601,431 a change of 49.97%
10/08/2023 FTSE Closed at 7618 points. Change of 0.41%. Total value traded through LSE was: £ 4,083,887,572 a change of -13.93%
9/08/2023 FTSE Closed at 7587 points. Change of 0.8%. Total value traded through LSE was: £ 4,744,774,883 a change of 3.35%
8/08/2023 FTSE Closed at 7527 points. Change of -0.36%. Total value traded through LSE was: £ 4,591,181,240 a change of 31.12%
7/08/2023 FTSE Closed at 7554 points. Change of -0.13%. Total value traded through LSE was: £ 3,501,608,401 a change of -4.09%
4/08/2023 FTSE Closed at 7564 points. Change of 0.46%. Total value traded through LSE was: £ 3,650,960,164 a change of -42.72%

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:BME B & M** **LSE:EMG MAN** **LSE:FRES Fresnillo** **LSE:MMAG Music Magpie** **LSE:NWG Natwest** **LSE:QED Quadrise** **LSE:TSCO Tesco** **

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Updated charts published on : B & M, MAN, Fresnillo, Music Magpie, Natwest, Quadrise, Tesco,

LSE:BME B & M. Close Mid-Price: 554 Percentage Change: + 3.01% Day High: 555.4 Day Low: 539.2

Above just 563 now looks capable of a lift to 588 next with secondary, if ……..

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LSE:EMG MAN. Close Mid-Price: 214.3 Percentage Change: + 0.05% Day High: 215.1 Day Low: 212.3

This is getting a little silly as below 212 indicates the potential for re ……..

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LSE:FRES Fresnillo Close Mid-Price: 525.4 Percentage Change: -2.81% Day High: 547.2 Day Low: 520.8

If Fresnillo experiences continued weakness below 520.8, it will invariab ……..

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LSE:MMAG Music Magpie Close Mid-Price: 18.75 Percentage Change: -1.32% Day High: 20.25 Day Low: 18.75

In the event of Music Magpie enjoying further trades beyond 20.25, the sh ……..

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LSE:NWG Natwest Close Mid-Price: 235.1 Percentage Change: -0.38% Day High: 236 Day Low: 234.3

Now below 231 threatens reversal to an initial 223 with secondary, if brok ……..

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LSE:QED Quadrise. Close Mid-Price: 1.21 Percentage Change: + 0.00% Day High: 1.25 Day Low: 1.24

Allegedly, above 1.27 should next trigger recovery to an initial 1.33 with ……..

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LSE:TSCO Tesco Close Mid-Price: 250.4 Percentage Change: -0.32% Day High: 251.1 Day Low: 248.8

Now getting dodgy, below 245 suggests the potential of coming weakness to ……..

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

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