#Gold #SP500 The term Yellowcake is always something I’ve a personal fondness for. While never having harboured an ambition to sit down and tuck into a nice bowl of Uranium, the term yellow cake was employed when I was a child to keep me out of the kitchen when either my mother or sister were cooking. The reasoning was quite straightforward, due to a potentially fatal allergy to egg.
If either family member was baking, the point at which egg was added to any mix turned it a sickly yellow, warning me to keep far away from whatever was being prepped. This would apply to scones, bread and butter pudding, cake (obviously) or even bread being painted with the stuff prior to being shoved in the oven. Sometimes, I suspect eggs were not involved and it was all just an excuse to give them some peace to cook and a child’s fingers away from any cans of condensed milk, a personal kryptonite. Such was this unfulfilled longing, when I purchased my first flat, I clearly remember buying a large can of condensed milk and sitting down in my own kitchen to privately devour it. It transpired the task was beyond any immediate greed, a long held ambition defeated by the relentless sweet contents. Oddly, this was all it took to cure me of such an addiction.
But I still distrust Yellow cake with similar alarm to yellow snow…
When we previously reviewed Uranium “speculator” Yellow Cake back in March, we’d given three potential target levels. A few of our clients believe, quite firmly, Uranium is a product whose turn is coming and with the easing of society fears for the nuclear industry (doubtless assisted by a now compliant media who’ve abandoned their prior hysterical stance), we shouldn’t be surprised this share price has achieved every one of our target levels.
Currently, Yellow Cake face a bit of a problem from our perspective.
The immediate situation suggests movement above 568p should make an attempt at 572p next with our secondary, if exceeded, working out at a longer term 655p. In the normal scheme of things, we’d anticipate some hesitation at the 572p level as the share price is getting close to the top end of our calculations. We shall be interested if the market once again chooses to gap the price upward as this should make it clear there are expectations for Yellow Cake in the future above 655p.
Visually, the recent nudge above 500p looks like it was inflicted, just to avoid the 5 quid level becoming entrenched as a point of resistance. This is certainly an interesting share, not least due to a suspicion our upper target of 655p shall become a footnote, proving just because we cannot calculate higher, it doesn’t mean the price cannot continue north.
If things intend go wrong, below 450 risks becoming troublesome, allowing for reversal down to an initial 415 with our longer term secondary, if broken, working out at 363p.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:11:30PM | BRENT | 92.1 | 91.84 | ||||||||
| 10:13:54PM | GOLD | 1916.48 | 1913 | 1906 | 1899 | 1923 | 1929 | 1934 | 1941 | 1919 | |
| 10:17:17PM | FTSE | 7637 | 7615 | Success | |||||||
| 10:23:18PM | STOX50 | 4181.3 | 4168 | Success | |||||||
| 10:25:39PM | GERMANY | 15441.45 | 15398 | ||||||||
| 10:28:35PM | US500 | 4345.43 | 4299 | 4271 | 4181 | 4357 | 4357 | 4368 | 4391 | 4317 | |
| 10:33:55PM | DOW | 34043 | 33908 | Success | |||||||
| 10:37:40PM | NASDAQ | 14805 | 14712 | ||||||||
| 10:39:56PM | JAPAN | 32714 | 32663 |
25/09/2023 FTSE Closed at 7624 points. Change of -0.77%. Total value traded through LSE was: £ 7,097,867,582 a change of -9.65%
22/09/2023 FTSE Closed at 7683 points. Change of 0.07%. Total value traded through LSE was: £ 7,855,931,745 a change of 26.88%
21/09/2023 FTSE Closed at 7678 points. Change of -0.69%. Total value traded through LSE was: £ 6,191,643,124 a change of 28.33%
20/09/2023 FTSE Closed at 7731 points. Change of 0.93%. Total value traded through LSE was: £ 4,824,861,883 a change of -0.46%
19/09/2023 FTSE Closed at 7660 points. Change of 0.1%. Total value traded through LSE was: £ 4,847,212,890 a change of 23.66%
18/09/2023 FTSE Closed at 7652 points. Change of -0.77%. Total value traded through LSE was: £ 3,919,854,652 a change of -71.71%
15/09/2023 FTSE Closed at 7711 points. Change of 0.5%. Total value traded through LSE was: £ 13,856,220,608 a change of 129.91%
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:BLOE Block Energy PLC** **LSE:EXPN Experian** **LSE:OPG OPG Power Ventures** **LSE:SPT Spirent Comms** **LSE:SPX Spirax** **LSE:TERN Tern Plc** **
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Updated charts published on : Aston Martin, Block Energy PLC, Experian, OPG Power Ventures, Spirent Comms, Spirax, Tern Plc,
LSE:AML Aston Martin Close Mid-Price: 268.2 Percentage Change: -3.73% Day High: 278.6 Day Low: 260.4
Target met. In the event Aston Martin experiences weakness below 260.4 it ……..
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LSE:BLOE Block Energy PLC. Close Mid-Price: 1.5 Percentage Change: + 1.69% Day High: 1.5 Day Low: 1.48
In the event of Block Energy PLC enjoying further trades beyond 1.5, the ……..
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LSE:EXPN Experian Close Mid-Price: 2687 Percentage Change: -1.14% Day High: 2715 Day Low: 2668
In the event Experian experiences weakness below 2668 it calculates with ……..
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LSE:OPG OPG Power Ventures. Close Mid-Price: 11 Percentage Change: + 5.77% Day High: 12 Day Low: 10.5
Target met. All OPG Power Ventures needs are mid-price trades ABOVE 12p t ……..
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View Previous OPG Power Ventures & Big Picture ***
LSE:SPT Spirent Comms Close Mid-Price: 135.5 Percentage Change: -1.31% Day High: 136.5 Day Low: 133.5
Target met. If Spirent Comms experiences continued weakness below 133.5, ……..
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LSE:SPX Spirax Close Mid-Price: 9474 Percentage Change: -1.27% Day High: 9614 Day Low: 9366
Continued weakness against SPX taking the price below 9366 calculates as ……..
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View Previous Spirax & Big Picture ***
LSE:TERN Tern Plc. Close Mid-Price: 5.75 Percentage Change: + 9.52% Day High: 5.75 Day Low: 5
Continued trades against TERN with a mid-price ABOVE 5.75 should improve ……..
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View Previous Tern Plc & Big Picture ***