#Gold #WallSt Plumbing is a funny old game. Plexus Holdings, famed for their ability to provide leak-free wellheads in over 400 oil wells, are essentially an upmarket plumber specialising in joining pipes together in some pretty challenging high pressure environments. The whimsical description is a bit unfair, due to plumbers not actually producing anything whereas it appears Plexus have been knocking together impressive equipment for over 35 years.
There’s a funny story, often repeated, about a bloke called Bert who’d worked at a refinery since it opened and upon his retirement, the CEO sent him a vague “All the best” email. Some of the guys he’d worked alongside organised drinks after work on his final day and it was a low key, unappreciated end to a 40 year career. A few years later, there was a change to the fuel storage lines, a complex job which drove the engineers mad as sudden backpressure kept locking the entire refinery process up. Eventually, someone suggested phoning “Bert” as he’d been present during every design change and was notorious for wanting to know everything, an attitude which site engineers rarely appreciate in a mechanic. Bert duly turned up, spent the morning touring the refinery and examining every alteration. Eventually, he made a recommendation which the head engineer gladly accepted. He’d used blue chalk to mark a big X on a line, suggesting the point at which a pressure relief valve be fitted.
When his invoice appeared, all hell broke loose. He billed 1 dollar for a piece of chalk and 1,000,000 dollars for his time. The CEO demanded an urgent meeting, painfully aware the consultation had been open ended with no discussion as to what the fee would be.
“You only used the chalk to draw an X on a pipe and were only here for 5 hours!” said the CEO
“Ahh, you’re forgetting that you’re paying me, for knowing where to put that X,” said Bert.
For some reason, plumbing stories tend be the funniest, perhaps because they rarely end with death but more often, someone soaked and a building flooded. From a personal perspective, things went terribly wrong this evening when inspecting my latest batch of Cider. It was all mixed together on Sunday and in the period since, nothing has been happening. Usually, a layer of bubbles signifies fermentation has commenced and you can ever hear a gentle fizz, similar to champagne, if listening closely. This particular batch was silent and placid, making me question whether the yeast had actually managed to mix properly.
There was an easy fix.
With one hand over the top of the 5 litre bottle, a opening which usually would be covered by a 8cm lid, a good shaking commenced. The champagne shower on the winners podium at the end of a Grand Prix race didn’t have a patch on what happened within seconds. The CO2 in the 3 day old cider expanded, forcing my hand away from the lid with a gush of cider spraying straight up to the ceiling. And then it came down on me while in a panic, I tried to direct the foam fountain toward the kitchen sink, drowning the microwave in the process. Eventually, a towel over the opening, the container contents settled down with perhaps a litre sprinkled around the room. There was a useful end to the chaos, a use being found for a quarantine mask as it could be neatly sealed on the top of the bottle, allowing it to breath. Conventional “bubble devices” cannot safely be used with cider and now, I understand why. Usually, I just drape a dish towel over the test 5 litre bottle.
Fermenting apple juice can prove energetic, causing an hour of cleaning, a shower, and a change of clothes. How my wife laughed.
Plexus share price has endured a pretty foul time since 2014 when it topped out around 322p. Now trading at 14.75p, there are early signs further price recovery can be hoped for. Movements in the last few sessions certainly suggest something is giving it as good a shake as the aforementioned cider experienced. Now above 18.25p should trigger a cycle to an initial 26.6p but, given a prior high around the 24p level, we’d also suspect some hesitation to established itself in such a journey. Should the share close above the 24p level, there’s quite a strong argument favouring a longer term cycle commencing to a future 36.5p.
The next major future hurdle to cross looks almost certain to be the funny series of movements which took place in 2019, where for some reason the market discovered a serious fascination with the 35p level. Visually, we’re happy to conclude closure above 35p will ideally signify a game changer for the seriously long term as quite impressive share price movement can be anticipated, once this barrier becomes a footnote in history.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:05:19PM | BRENT | 9043.5 | |||||||||
| 10:53:35PM | GOLD | 1916.27 | 1914 | 1911 | 1897 | 1927 | 1929 | 1935 | 1942 | 1921 | Success |
| 10:56:02PM | FTSE | 7420.1 | 7397 | ||||||||
| 10:58:23PM | STOX50 | 4235.9 | 4232 | ||||||||
| 11:01:38PM | GERMANY | 15725.9 | 15730 | ||||||||
| 11:06:06PM | US500 | 4465.2 | 4479 | ||||||||
| 11:08:58PM | DOW | 34430.5 | 34288 | 34191.5 | 3887 | 34454 | 34661 | 34757 | 34914 | Success | |
| 11:11:04PM | NASDAQ | 15369.6 | 15393 | ‘cess | |||||||
| 11:13:42PM | JAPAN | 33111 | 33133 |
6/09/2023 FTSE Closed at 7426 points. Change of -0.15%. Total value traded through LSE was: £ 3,464,082,337 a change of -12.27%
5/09/2023 FTSE Closed at 7437 points. Change of -0.2%. Total value traded through LSE was: £ 3,948,449,247 a change of 27.07%
4/09/2023 FTSE Closed at 7452 points. Change of -0.16%. Total value traded through LSE was: £ 3,107,267,145 a change of -28.59%
1/09/2023 FTSE Closed at 7464 points. Change of 0.34%. Total value traded through LSE was: £ 4,351,126,417 a change of -43.85%
31/08/2023 FTSE Closed at 7439 points. Change of -0.45%. Total value traded through LSE was: £ 7,748,715,745 a change of 104.69%
30/08/2023 FTSE Closed at 7473 points. Change of 0.11%. Total value traded through LSE was: £ 3,785,593,396 a change of -59.43%
29/08/2023 FTSE Closed at 7465 points. Change of -100%. Total value traded through LSE was: £ 9,331,622,622 a change of 0%
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:AAL Anglo American** **LSE:AV. Aviva** **LSE:BP. BP PLC** **LSE:CPI Capita** **LSE:JET Just Eat** **LSE:STAN Standard Chartered** **
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Updated charts published on : Anglo American, Aviva, BP PLC, Capita, Just Eat, Standard Chartered,
LSE:AAL Anglo American Close Mid-Price: 2086 Percentage Change: -0.74% Day High: 2097 Day Low: 2062
If Anglo American experiences continued weakness below 2062, it will inva ……..
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LSE:AV. Aviva Close Mid-Price: 369.9 Percentage Change: -0.43% Day High: 370.5 Day Low: 366.5
Target met. Weakness on Aviva below 366.5 will invariably lead to 363p wi ……..
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LSE:BP. BP PLC. Close Mid-Price: 515.9 Percentage Change: + 0.86% Day High: 518.6 Day Low: 507.9
Continued trades against BP. with a mid-price ABOVE 518.6 should improve ……..
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LSE:CPI Capita Close Mid-Price: 16.63 Percentage Change: -2.86% Day High: 17.09 Day Low: 16.25
Continued weakness against CPI taking the price below 16.25 calculates as ……..
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View Previous Capita & Big Picture ***
LSE:JET Just Eat Close Mid-Price: 1030 Percentage Change: -4.89% Day High: 1073 Day Low: 1015
In the event Just Eat experiences weakness below 1015 it calculates with ……..
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View Previous Just Eat & Big Picture ***
LSE:STAN Standard Chartered Close Mid-Price: 702.4 Percentage Change: -0.17% Day High: 704.6 Day Low: 693.8
If Standard Chartered experiences continued weakness below 693.8, it will ……..
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View Previous Standard Chartered & Big Picture ***