#Gold #Stoxx50 The packaging industry was an area where some personal experience left a long lasting impression. After making the mistake of inventing something, winning awards, meeting astronauts etc, the next stage came when needing it manufactured, along with a demand for retail packaging and instructions, all of which soured the fun involved in getting a product ready for market.
Everything had happened quickly and the expectation of it taking years to “get to market” rapidly changed when a major retailer wanted the product on the shelves that year.
The manufacturing element proved remarkably easy as it was really a case of assembly as the required components could be ordered already pre-cut to size, the electronic elements also supplied ready to be soldered. Packaging however proved to be quite a different set of skills. Thankfully, a friend in the manufacturing industry knew a bit about the issues being faced, strongly suggesting we search for packaging types already available “off-the shelf” rather than attempt to produce a custom packaging solution. This was around the time when folk were joking at the need for a chainsaw to open many types of clear plastic packages, all of which displayed the contents but with packaging capable of deforming a pair of scissors.
Eventually, my little product was ready for market, able to be displayed everywhere mobile phones were sold in the UK. It had been a traumatic few months but now every aspect was covered aside from the niggling detail the packaging cost more than the product it contained. And then one day, the opportunity to change everything arrived with a phone call. One of the major mobile phone manufacturers wanted to take an option on my patent and such was the stature of the company, it would be crazy to dismiss the idea. After calling the retailer expecting to stock the product, they also agreed it would be short sighted to dismiss the offer as it implied the big time. After all the hassle involved in getting to this point, the idea of sitting back and waiting for royalty cheques without ever getting involved in packaging was too appealing, so I found myself waiting until this multi-national was ready to go live.
Unfortunately, a major change of requirements for the mobile phone network through a spanner in the works, needing each and every one of their mobiles redesigned to incorporate the new requirement. Time passed, then a year passed and finally was given the devastating news their product redesigns wasn’t able to accommodate my product. This was the start of a devastating series of events which saw me eventually opt to abandon the patent, rather than cough up just over £49k, a lot of money at that point in time. Thankfully, considerable success writing software for the financial sector ensured a regular income which could be trusted. So this is why Motorola phones never appeared, bundled with what has become known as Bluetooth headsets!
And everything I know about packaging says to avoid it…
It’s worth visiting MPAC’s website, just to enjoy the short video of a packaging robot on their homepage. ‘Mesmerising’ barely starts to describe the process, though they’d doubtless avoid giving star billing to a video showing fish being vacuum packed.
The company share price has enjoyed a pretty awful time in the last few years but we’re starting to wonder if they’re poised to experience some recovery. Visually, we’d a major expectation of the share perhaps bottoming just above 179p and the recent dip to 185 was certainly sufficiently close. The situation now exists of below 185 threatening a trip to 179 with secondary, if broken, working out at an eventual poisonous 129p sometime in the future.
However, the share price only needs exceed 218p currently to give the first signal pointing at recovery, ideally triggering movement to an initial 236 with our secondary, if exceeded, at 257p. Should such a cycle commence, we shall not be surprised if the price continues to pedal uphill to an eventual 328p and some almost certain hesitation.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:33:49PM | BRENT | 9175.8 | Shambles | ||||||||
| 9:37:26PM | GOLD | 1908.44 | 1908 | 1895 | 1876 | 1916 | 1915 | 1918 | 1923 | 1907 | |
| 9:40:08PM | FTSE | 7528 | |||||||||
| 9:42:53PM | STOX50 | 4217.2 | 4196 | 4160 | 4120 | 4219 | 4238 | 4250 | 4268 | 4212 | ‘cess |
| 9:46:23PM | GERMANY | 15638.6 | Success | ||||||||
| 9:49:23PM | US500 | 4470.9 | ‘cess | ||||||||
| 9:51:59PM | DOW | 34591.5 | |||||||||
| 9:54:28PM | NASDAQ | 15370.9 | ‘cess | ||||||||
| 9:56:46PM | JAPAN | 32856 | ‘cess |
13/09/2023 FTSE Closed at 7525 points. Change of -0.03%. Total value traded through LSE was: £ 5,272,761,043 a change of 13.44%
12/09/2023 FTSE Closed at 7527 points. Change of 0.41%. Total value traded through LSE was: £ 4,648,224,872 a change of 0.61%
11/09/2023 FTSE Closed at 7496 points. Change of 0.24%. Total value traded through LSE was: £ 4,619,826,018 a change of -15.09%
8/09/2023 FTSE Closed at 7478 points. Change of 0.5%. Total value traded through LSE was: £ 5,440,944,541 a change of 24.28%
7/09/2023 FTSE Closed at 7441 points. Change of 0.2%. Total value traded through LSE was: £ 4,377,889,513 a change of 26.38%
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%
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:BP. BP PLC** **LSE:CNA Centrica** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:IHG Intercontinental Hotels Group** **
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Updated charts published on : BP PLC, Centrica, Diageo, Empyrean, Intercontinental Hotels Group,
LSE:BP. BP PLC Close Mid-Price: 508.2 Percentage Change: -2.79% Day High: 525.9 Day Low: 506.9
All BP PLC needs are mid-price trades ABOVE 525.9 to improve acceleration ……..
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View Previous BP PLC & Big Picture ***
LSE:CNA Centrica. Close Mid-Price: 166.2 Percentage Change: + 1.62% Day High: 166.05 Day Low: 163.5
Target met. All Centrica needs are mid-price trades ABOVE 166.05 to impro ……..
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View Previous Centrica & Big Picture ***
LSE:DGE Diageo Close Mid-Price: 3148 Percentage Change: -0.44% Day High: 3157.5 Day Low: 3112
Target met. If Diageo experiences continued weakness below 3112, it will ……..
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View Previous Diageo & Big Picture ***
LSE:EME Empyrean Close Mid-Price: 0.85 Percentage Change: -2.97% Day High: 0.85 Day Low: 0.85
Weakness on Empyrean below 0.85 will invariably lead to 0.75 with seconda ……..
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View Previous Empyrean & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 6216 Percentage Change: + 0.78% Day High: 6242 Day Low: 6134
Target met. Continued trades against IHG with a mid-price ABOVE 6242 shou ……..
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View Previous Intercontinental Hotels Group & Big Picture ***