Horizonte Minerals Plc (LSE:NWG) due to a bounce?

#Gold_Futures #S&P500 A week ago, Horizonte Minerals (HZM) share price fell off a cliff, doubtless feeling as I do now!. Todays non-professional complaint was caused by my 6th Covid-19 jag, along with a Flu jag administered at the same time. Usually, the side effects kick in by around midnight but todays offerings misbehaved quite a bit sooner. Around an hour after returning from the hospital, a thumping headache started, along with an allocation of sore muscles. By 9pm, perspiration was making itself known and trust me, settling down to answer a bunch of emails about Horizonte wasn’t something being looked forward too.

Thankfully, we’d run the numbers on Horizonte and as is our custom, waited until the last minute to produce our headline report, just in case something happens during the trading day.

The company, a nickel miner, do all their work in Brazil. The shares are listed in London along with Toronto and of course, their headquarters are in London. One can only guess at the air miles accumulated by staff as they trot the globe.

 

From our perspective, “ultimate bottom” for this share calculated at just 14p and with the price hitting 14.12 just last week, perhaps there is sufficient reason to hope for a bounce with the price. According to our tea leaves, above just 30.5p should prove capable of triggering recovery to an initial 35.5p with secondary, if bettered, at a longer term 47p. There’s a fairly reason expectation of some hesitation at the 47p level as the share price shall require closure above such a point to hopefully signal happier days are on the horizon.

A word of warning, we cannot calculate anything below 14p which isn’t prefaced with a minus sign.

Another word of warning. The grotty side effects currently being “enjoyed” may be due to the Flu vaccine. Who knows?

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:15:52PM BRENT 8755 Success
10:18:22PM GOLD 1861.03 1844 1841 1834 1855 1864 1868 1887 1848 Success
10:20:45PM FTSE 7518.4 Shambles
10:22:53PM STOX50 4129.5
10:24:54PM GERMANY 15190.6
10:27:45PM US500 4334.9 4265 4242 4208 4290 4344 4349 4377 4327 Success
10:31:42PM DOW 33592.5
10:34:17PM NASDAQ 15052.4
10:36:49PM JAPAN 31271
9/10/2023 FTSE Closed at 7492 points. Change of -0.03%. Total value traded through LSE was: £ 4,566,678,677 a change of -5.8%
6/10/2023 FTSE Closed at 7494 points. Change of 0.58%. Total value traded through LSE was: £ 4,848,110,994 a change of 10.75%
5/10/2023 FTSE Closed at 7451 points. Change of 0.53%. Total value traded through LSE was: £ 4,377,671,479 a change of -22.43%
4/10/2023 FTSE Closed at 7412 points. Change of -0.78%. Total value traded through LSE was: £ 5,643,867,508 a change of 31.79%
3/10/2023 FTSE Closed at 7470 points. Change of -0.53%. Total value traded through LSE was: £ 4,282,549,883 a change of -23.79%
2/10/2023 FTSE Closed at 7510 points. Change of -1.29%. Total value traded through LSE was: £ 5,619,099,797 a change of 6.15%
29/09/2023 FTSE Closed at 7608 points. Change of 0.09%. Total value traded through LSE was: £ 5,293,726,748 a change of 0.59%

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:EME Empyrean** **LSE:IQE IQE** **LSE:NWG Natwest** **LSE:SPX Spirax** **LSE:TLW Tullow** **

********

Updated charts published on : Empyrean, IQE, Natwest, Spirax, Tullow,

LSE:EME Empyrean Close Mid-Price: 0.74 Percentage Change: -3.53% Day High: 0.7 Day Low: 0.7

Target met. Weakness on Empyrean below 0.7 will invariably lead to 0.68p ……..

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</p

View Previous Empyrean & Big Picture ***

LSE:IQE IQE Close Mid-Price: 15.7 Percentage Change: -1.75% Day High: 16.1 Day Low: 15.48

In the event IQE experiences weakness below 15.48 it calculates with a dr ……..

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</p

View Previous IQE & Big Picture ***

LSE:NWG Natwest Close Mid-Price: 221.4 Percentage Change: -1.03% Day High: 224.1 Day Low: 219.3

If Natwest experiences continued weakness below 219.3, it will invariably ……..

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</p

View Previous Natwest & Big Picture ***

LSE:SPX Spirax Close Mid-Price: 9070 Percentage Change: -4.16% Day High: 9446 Day Low: 9088

Target met. Continued weakness against SPX taking the price below 9088 ca ……..

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</p

View Previous Spirax & Big Picture ***

LSE:TLW Tullow. Close Mid-Price: 33.4 Percentage Change: + 9.15% Day High: 33.58 Day Low: 31.84

Continued trades against TLW with a mid-price ABOVE 36.7p should improve t ……..

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</p

View Previous Tullow & Big Picture ***

*** End of “Updated Today” comments on shares.

#Gold_Futures #S&P500 A week ago, Horizonte Minerals (HZM) share price fell off a cliff, doubtless feeling as I do now!. Todays non-professional complaint was caused by my 6th Covid-19 jag, along with a Flu jag administered at the same time. Usually, the side effects kick in by around midnight but todays offerings misbehaved quite a bit sooner. Around an hour after returning from the hospital, a thumping headache started, along with an allocation of sore muscles. By 9pm, perspiration was making itself known and trust me, settling down to answer a bunch of emails about Horizonte wasn’t something being looked forward too.

Thankfully, we’d run the numbers on Horizonte and as is our custom, waited until the last minute to produce our headline report, just in case something happens during the trading day.

The company, a nickel miner, do all their work in Brazil. The shares are listed in London along with Toronto and of course, their headquarters are in London. One can only guess at the air miles accumulated by staff as they trot the globe.

 

From our perspective, “ultimate bottom” for this share calculated at just 14p and with the price hitting 14.12 just last week, perhaps there is sufficient reason to hope for a bounce with the price. According to our tea leaves, above just 30.5p should prove capable of triggering recovery to an initial 35.5p with secondary, if bettered, at a longer term 47p. There’s a fairly reason expectation of some hesitation at the 47p level as the share price shall require closure above such a point to hopefully signal happier days are on the horizon.

A word of warning, we cannot calculate anything below 14p which isn’t prefaced with a minus sign.

Another word of warning. The grotty side effects currently being “enjoyed” may be due to the Flu vaccine. Who knows?

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:15:52PM BRENT 8755 Success
10:18:22PM GOLD 1861.03 1844 1841 1834 1855 1864 1868 1887 1848 Success
10:20:45PM FTSE 7518.4 Shambles
10:22:53PM STOX50 4129.5
10:24:54PM GERMANY 15190.6
10:27:45PM US500 4334.9 4265 4242 4208 4290 4344 4349 4377 4327 Success
10:31:42PM DOW 33592.5
10:34:17PM NASDAQ 15052.4
10:36:49PM JAPAN 31271
9/10/2023 FTSE Closed at 7492 points. Change of -0.03%. Total value traded through LSE was: £ 4,566,678,677 a change of -5.8%
6/10/2023 FTSE Closed at 7494 points. Change of 0.58%. Total value traded through LSE was: £ 4,848,110,994 a change of 10.75%
5/10/2023 FTSE Closed at 7451 points. Change of 0.53%. Total value traded through LSE was: £ 4,377,671,479 a change of -22.43%
4/10/2023 FTSE Closed at 7412 points. Change of -0.78%. Total value traded through LSE was: £ 5,643,867,508 a change of 31.79%
3/10/2023 FTSE Closed at 7470 points. Change of -0.53%. Total value traded through LSE was: £ 4,282,549,883 a change of -23.79%
2/10/2023 FTSE Closed at 7510 points. Change of -1.29%. Total value traded through LSE was: £ 5,619,099,797 a change of 6.15%
29/09/2023 FTSE Closed at 7608 points. Change of 0.09%. Total value traded through LSE was: £ 5,293,726,748 a change of 0.59%

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:EME Empyrean** **LSE:IQE IQE** **LSE:NWG Natwest** **LSE:SPX Spirax** **LSE:TLW Tullow** **

********

Updated charts published on : Empyrean, IQE, Natwest, Spirax, Tullow,

LSE:EME Empyrean Close Mid-Price: 0.74 Percentage Change: -3.53% Day High: 0.7 Day Low: 0.7

Target met. Weakness on Empyrean below 0.7 will invariably lead to 0.68p ……..

Subscribe for more

</p

View Previous Empyrean & Big Picture ***

LSE:IQE IQE Close Mid-Price: 15.7 Percentage Change: -1.75% Day High: 16.1 Day Low: 15.48

In the event IQE experiences weakness below 15.48 it calculates with a dr ……..

Subscribe for more

</p

View Previous IQE & Big Picture ***

LSE:NWG Natwest Close Mid-Price: 221.4 Percentage Change: -1.03% Day High: 224.1 Day Low: 219.3

If Natwest experiences continued weakness below 219.3, it will invariably ……..

Subscribe for more

</p

View Previous Natwest & Big Picture ***

LSE:SPX Spirax Close Mid-Price: 9070 Percentage Change: -4.16% Day High: 9446 Day Low: 9088

Target met. Continued weakness against SPX taking the price below 9088 ca ……..

Subscribe for more

</p

View Previous Spirax & Big Picture ***

LSE:TLW Tullow. Close Mid-Price: 33.4 Percentage Change: + 9.15% Day High: 33.58 Day Low: 31.84

Continued trades against TLW with a mid-price ABOVE 36.7p should improve t ……..

Subscribe for more

</p

View Previous Tullow & Big Picture ***

*** End of “Updated Today” comments on shares.

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