#Gold #SP500 Regular readers will be aware of our dislike of buzzwords. Too often, they’re being employed to hype up company profiles and therefore, their share price. We tend toward scepticism when coming across words like Blockchain, Artificial Intelligence, Disruptive, and Cryptocurrency. This created an unusual pause for thought when we were asked to glance at Quantum future share price potentials. Their website homepage manages to scatter all our “favourite” words prominently among the first 61 words of blurb.
However, more than one person has asked for our take on the potentials, so presumably something solid is happening, rather than a couple of internet chatrooms convincing themselves the next big thing is germinating. But given the plethora of companies jumping on buzzword bandwagons, we can forgive ourselves our suspicions.
For Quantum Blockchain, their share price looks like it’s on the edge of doing something actually useful. Currently, it needs close a trading session above just 1.65p to imply the potential for a change in pace, allowing share price recovery toward an initial 2.25p along with very probable hesitation, given share price behaviour during 2023. Essentially, a bunch of folk who’ve bought at every price peak this year will doubtless sell the share, perhaps feeling glad to escape. However, in this instance, this may prove erroneous due to such a movement exceeding the Blue downtrend on the chart, indicating the share price could easily prove capable of greater things.
Above 2.25p may possibly trigger stronger movements, calculating with the potential of a longer term lift toward a future 3.75p, once again a price level where historical movements are liable to provoke hesitation.
If things intend go wrong, below 1.25p becomes troubling, risking triggering reversal to an initial 0.9p with secondary, if broken, at 0.45p and an ultimate bottom. Visually, we don’t see any imminent risk of the share price falling out of buzzword heaven, so good luck.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:03:18PM | BRENT | 8252 | Success | ||||||||
| 10:05:14PM | GOLD | 1914.8 | 1898 | 1893 | 1884 | 1905 | 1920 | 1929 | 1944 | 1902 | ‘cess |
| 10:07:26PM | FTSE | 7337.7 | ‘cess | ||||||||
| 10:09:51PM | STOX50 | 4287.5 | ‘cess | ||||||||
| 10:12:29PM | GERMANY | 15794 | ‘cess | ||||||||
| 10:14:38PM | US500 | 4463.6 | 4388 | 4355 | 4319 | 4414 | 4464 | 4482 | 4503 | 4425 | ‘cess |
| 10:17:55PM | DOW | 34524.2 | |||||||||
| 10:21:22PM | NASDAQ | 15297.6 | ‘cess | ||||||||
| 10:24:31PM | JAPAN | 32208 | ‘cess |
23/08/2023 FTSE Closed at 7320 points. Change of 0.69%. Total value traded through LSE was: £ 4,675,646,982 a change of 18.86%
22/08/2023 FTSE Closed at 7270 points. Change of 0.18%. Total value traded through LSE was: £ 3,933,596,955 a change of 1.59%
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%
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:CNA Centrica** **LSE:FOXT Foxtons** **LSE:GENL Genel** **LSE:GRG Greggs** **LSE:IQE IQE** **LSE:SPX Spirax** **
********
Updated charts published on : Aston Martin, Centrica, Foxtons, Genel, Greggs, IQE, Spirax,
LSE:AML Aston Martin. Close Mid-Price: 332.4 Percentage Change: + 0.00% Day High: 333.6 Day Low: 323
In the event of Aston Martin enjoying further trades beyond 357, the share ……..
</p
View Previous Aston Martin & Big Picture ***
LSE:CNA Centrica Close Mid-Price: 144.5 Percentage Change: -1.33% Day High: 147.45 Day Low: 144
Further movement against Centrica ABOVE 147.45 should improve acceleratio ……..
</p
View Previous Centrica & Big Picture ***
LSE:FOXT Foxtons Close Mid-Price: 37.45 Percentage Change: -5.67% Day High: 38.9 Day Low: 37
Below 37 now looks capable of provoking reversal to 34 next. If broken, ou ……..
</p
View Previous Foxtons & Big Picture ***
LSE:GENL Genel. Close Mid-Price: 82 Percentage Change: + 5.81% Day High: 84 Day Low: 78.4
If Genel experiences continued weakness below 76.3, it will invariably lea ……..
</p
View Previous Genel & Big Picture ***
LSE:GRG Greggs Close Mid-Price: 2418 Percentage Change: -0.33% Day High: 2440 Day Low: 2392
Weakness on Greggs below 2392 will invariably lead to 2309p with secondar ……..
</p
View Previous Greggs & Big Picture ***
LSE:IQE IQE. Close Mid-Price: 17.58 Percentage Change: + 0.23% Day High: 17.74 Day Low: 17.32
Continued weakness against IQE taking the price below 17.32 calculates as ……..
</p
View Previous IQE & Big Picture ***
LSE:SPX Spirax Close Mid-Price: 9702 Percentage Change: -0.33% Day High: 9782 Day Low: 9692
If Spirax experiences continued weakness below 9692, it will invariably l ……..
</p
View Previous Spirax & Big Picture ***