#Gold #Nasdaq Our excuse to review Anglo American can be blamed on YouTube and a clickbait headline claiming “British is Building A Massive New Super Mine That Nobody Has Heard Of”. The tone of the blurb in the first few minutes led to a suspicion this was just another ‘fanboy’ presentation, doubtless describing something which will never make it past the drawing board. Such was the level of breathless anticipation, it made sense to fast forward to the end to discover who was behind the project.
With the discovery Anglo American were involved, it felt justified spending some time to discover what it was all about as perhaps there’s something useful about an ore called polyhalite. It’s a mineral used in fertiliser, containing potassium, sulphur, magnesium, and calcium etc. Due to all the goodies and the fact it doesn’t require chemical witchcraft, the product is deemed suitable for organic farming and this deposit on North Yorkshire is the largest discovered in the world (so far). The Anglo American website can provide more information than any sane person needs know about the project and the product but, for a pleasant change, the YouTube recommendation wasn’t pointing toward something without foundations.
Instead, it seems Anglo American are on to something.
Unfortunately, if this is the case, their share price isn’t looking terribly enthusiastic. Instead, quite the converse appears possible as the share price looks capable of enjoying some further reversals. Now below 1950p should prove capable of triggering reversal to an initial 1744p and hopefully, due to the presence of the Red uptrend since 2016, a bounce. We can argue for a scenario pointing at 1401p as a “bottom”, should 1744p break but realistically, we’d prefer demanding this share price actually closes below Red before committing to such a target level. There’s a little problem, should the share price manage to close below Red, as it moves into a region where a ridiculous looking longer term cycle to 654p becomes possible.
Surprisingly, Anglo American doesn’t need try too hard to commence an emergency recovery cycle as above 2030p should now trigger price recovery to an initial 2131 with secondary, if exceeded, at 2230. Quite what excuse the share price has to produce these 100 increments is beyond us. But assuringly, should 2230 be exceeded, an impressive 2447p calculates as possible, along with a price level where we shall require revisit the company.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:12:03PM | BRENT | 8410.6 | ‘cess | ||||||||
| 10:29:31PM | GOLD | 1894 | 1884 | 1879 | 1872 | 1891 | 1899 | 1901 | 1906 | 1893 | |
| 10:31:56PM | FTSE | 7262.1 | |||||||||
| 10:33:53PM | STOX50 | 4237.1 | ‘cess | ||||||||
| 10:35:52PM | GERMANY | 15640.7 | ‘cess | ||||||||
| 10:37:58PM | US500 | 4396.7 | ‘cess | ||||||||
| 10:40:53PM | DOW | 34442.5 | ‘cess | ||||||||
| 10:43:12PM | NASDAQ | 14917 | 14734 | 14636 | 14528 | 14802 | 14961 | 15022 | 15090 | 14883 | Success |
| 10:45:31PM | JAPAN | 31830.93 | ‘cess |
21/08/2023 FTSE Closed at 7257 points. Change of -0.07%. Total value traded through LSE was: £ 3,872,219,406 a change of -12.04%
18/08/2023 FTSE Closed at 7262 points. Change of -0.66%. Total value traded through LSE was: £ 4,402,136,865 a change of 33.13%
17/08/2023 FTSE Closed at 7310 points. Change of -0.63%. Total value traded through LSE was: £ 3,306,539,758 a change of -30.86%
16/08/2023 FTSE Closed at 7356 points. Change of -0.45%. Total value traded through LSE was: £ 4,782,194,827 a change of 34.91%
15/08/2023 FTSE Closed at 7389 points. Change of -1.57%. Total value traded through LSE was: £ 3,544,639,764 a change of -13.22%
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%
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:CNA Centrica** **LSE:EMG MAN** **LSE:GRG Greggs** **LSE:NWG Natwest** **LSE:PHP Primary Health** **LSE:SPX Spirax** **LSE:TLW Tullow** **
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Updated charts published on : Centrica, MAN, Greggs, Natwest, Primary Health, Spirax, Tullow,
LSE:CNA Centrica. Close Mid-Price: 144.15 Percentage Change: + 0.70% Day High: 145.2 Day Low: 141.8
Continued trades against CNA with a mid-price ABOVE 146 should improve the ……..
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LSE:EMG MAN Close Mid-Price: 202 Percentage Change: -1.56% Day High: 205.3 Day Low: 201.8
Weakness on MAN below 201 will invariably lead to 193 with secondary (if b ……..
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View Previous MAN & Big Picture ***
LSE:GRG Greggs Close Mid-Price: 2400 Percentage Change: -1.23% Day High: 2438 Day Low: 2398
If Greggs experiences continued weakness below 2398, it will invariably le ……..
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View Previous Greggs & Big Picture ***
LSE:NWG Natwest Close Mid-Price: 223.9 Percentage Change: -1.24% Day High: 227.7 Day Low: 224
In the event Natwest experiences weakness below 224 it calculates with a d ……..
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View Previous Natwest & Big Picture ***
LSE:PHP Primary Health Close Mid-Price: 88.8 Percentage Change: -0.22% Day High: 91.15 Day Low: 88.35
If Primary Health experiences continued weakness below 88.3, it will invar ……..
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View Previous Primary Health & Big Picture ***
LSE:SPX Spirax Close Mid-Price: 9812 Percentage Change: -0.95% Day High: 9930 Day Low: 9780
In the event Spirax experiences weakness below 9780 it calculates with a d ……..
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View Previous Spirax & Big Picture ***
LSE:TLW Tullow. Close Mid-Price: 37.54 Percentage Change: + 2.74% Day High: 37.82 Day Low: 36.78
Further movement against Tullow ABOVE 38 should improve acceleration towar ……..
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View Previous Tullow & Big Picture ***