#FTSE #Nasdaq We’ve had a bunch of emails asking for our take on what’s happening with GSTechnologies share price. Certainly, the most recent three sessions have proven buoyant with some quite odd share price movements with the share flamboyantly breaking through the downtrend since the start of 2021. We’re always more than a little sceptical about companies in the Fintech field as too often, they’re awash with buzzwords but otherwise lacking in substance.
The appears not to be the case with GST.L, the visuals indicating quite a strong potential for ongoing recovery as despite some sizeable intraday variations in the share price, quite a lot of care has been taken to avoid the price dropping below the level of the trend break. This tends imply the market has “a cunning plan”, thus giving hope for the fairly near term.
As always, we’ve a converse scenario available and with the level of trend break being roughly 1.094p, movement below such a level calculates with the risk of reversal to an initial 1p with secondary, if broken, working out at an eventual “bottom” of 0.66p. This is a price target we cannot calculate below and visually would indicate whatever has driven the price upward has been a complete waste of everyone’s time, returning the share value to the zone where it has inhabited the last 4 months.
However, in the case of GST, our inclination is toward optimism as it looks very like anything now capable of achieving above 2.06p should trigger further price recovery to an initial 2.51p with our longer term secondary, if exceeded, calculating at an impressive 2.77p. Visually, the chart suggests we should anticipate some hesitation around the 2.77p level, if achieved.
Hopefully the UK announce some inflation data which justifies party time for the UK markets, similar to occurrences everywhere else on Tuesday with the USA proving quite positive.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:05:13PM | BRENT | 82.31 | |||||||||
| 9:11:37PM | GOLD | 1964.16 | Success | ||||||||
| 9:14:06PM | FTSE | 7434.75 | ‘cess | ||||||||
| 9:17:57PM | STOX50 | 4297.8 | 4231 | 4207 | 4174 | 4253 | 4306 | 4355 | 4408 | 4235 | Success |
| 9:20:10PM | GERMANY | 15622.95 | Success | ||||||||
| 9:24:40PM | US500 | 4499.38 | ‘cess | ||||||||
| 9:37:30PM | DOW | 34853 | Success | ||||||||
| 9:40:29PM | NASDAQ | 15829 | 15712 | 15665 | 15601 | 15790 | 15857 | 15880 | 15920 | 15804 | Success |
| 9:43:26PM | JAPAN | 33210 | Success |
14/11/2023 FTSE Closed at 7440 points. Change of 0.2%. Total value traded through LSE was: £ 5,492,695,208 a change of 7.64%
13/11/2023 FTSE Closed at 7425 points. Change of 0.88%. Total value traded through LSE was: £ 5,102,955,229 a change of 1.94%
10/11/2023 FTSE Closed at 7360 points. Change of -1.27%. Total value traded through LSE was: £ 5,005,893,152 a change of 2.35%
9/11/2023 FTSE Closed at 7455 points. Change of 0.73%. Total value traded through LSE was: £ 4,890,859,412 a change of -30.52%
8/11/2023 FTSE Closed at 7401 points. Change of -0.12%. Total value traded through LSE was: £ 7,039,129,505 a change of 60.87%
7/11/2023 FTSE Closed at 7410 points. Change of -0.09%. Total value traded through LSE was: £ 4,375,663,657 a change of 7.72%
6/11/2023 FTSE Closed at 7417 points. Change of 0%. Total value traded through LSE was: £ 4,062,204,136 a change of -15.12%
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:BDEV Barrett Devs** **LSE:BLOE Block Energy PLC** **LSE:BLVN Bowleven** **LSE:CCL Carnival** **LSE:CPI Capita** **LSE:FGP Firstgroup** **LSE:GRG Greggs** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:SPT Spirent Comms** **
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Updated charts published on : Barrett Devs, Block Energy PLC, Bowleven, Carnival, Capita, Firstgroup, Greggs, ITV, Just Eat, Marks and Spencer, Ocado Plc, Primary Health, Spirent Comms,
LSE:BDEV Barrett Devs. Close Mid-Price: 473 Percentage Change: + 5.06% Day High: 474.9 Day Low: 446.8
Further movement against Barrett Devs ABOVE 474.9 should improve accelera ……..
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View Previous Barrett Devs & Big Picture ***
LSE:BLOE Block Energy PLC Close Mid-Price: 0.95 Percentage Change: -2.56% Day High: 0.98 Day Low: 0.95
Weakness on Block Energy PLC below 0.95 will invariably lead to 0.90p wit ……..
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View Previous Block Energy PLC & Big Picture ***
LSE:BLVN Bowleven. Close Mid-Price: 0.5 Percentage Change: + 0.00% Day High: 0.5 Day Low: 0.48
Continued weakness against BLVN taking the price below 0.48 calculates as ……..
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View Previous Bowleven & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 1000.5 Percentage Change: + 7.95% Day High: 1006.5 Day Low: 923
Continued trades against CCL with a mid-price ABOVE 1006.5 should improve ……..
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View Previous Carnival & Big Picture ***
LSE:CPI Capita. Close Mid-Price: 19.02 Percentage Change: + 7.03% Day High: 19.08 Day Low: 17.2
Target met. Further movement against Capita ABOVE 19.08 should improve ac ……..
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View Previous Capita & Big Picture ***
LSE:FGP Firstgroup. Close Mid-Price: 171 Percentage Change: + 3.57% Day High: 170.5 Day Low: 163.9
All Firstgroup needs are mid-price trades ABOVE 170.5 to improve accelera ……..
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View Previous Firstgroup & Big Picture ***
LSE:GRG Greggs. Close Mid-Price: 2598 Percentage Change: + 2.36% Day High: 2608 Day Low: 2526
Continued trades against GRG with a mid-price ABOVE 2608 should improve t ……..
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View Previous Greggs & Big Picture ***
LSE:ITV ITV. Close Mid-Price: 59.92 Percentage Change: + 0.67% Day High: 60.52 Day Low: 59.04
If ITV experiences continued weakness below 59.04, it will invariably lea ……..
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View Previous ITV & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 1252 Percentage Change: + 8.68% Day High: 1250 Day Low: 1152
Target met. Further movement against Just Eat ABOVE 1250 should improve a ……..
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View Previous Just Eat & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 253.5 Percentage Change: + 1.00% Day High: 253.7 Day Low: 249
Target met. In the event of Marks and Spencer enjoying further trades bey ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 564.6 Percentage Change: + 10.10% Day High: 596.2 Day Low: 505
Target met. All Ocado Plc needs are mid-price trades ABOVE 596.2 to impro ……..
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View Previous Ocado Plc & Big Picture ***
LSE:PHP Primary Health. Close Mid-Price: 101.4 Percentage Change: + 7.42% Day High: 101.6 Day Low: 92.4
Continued trades against PHP with a mid-price ABOVE 101.6 should improve ……..
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View Previous Primary Health & Big Picture ***
LSE:SPT Spirent Comms. Close Mid-Price: 105.9 Percentage Change: + 5.06% Day High: 106.6 Day Low: 101.5
In the event of Spirent Comms enjoying further trades beyond 106.6, the s ……..
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View Previous Spirent Comms & Big Picture ***