#Gold #WallSt A quick trip through the European markets threw up RWE as being of interest, a surprising feat for a German power company which often seems to be the target of hysterical green policies. Thankfully, they seem to be fighting back, one of several energy companies suing governments for enacting green policies. After so saying, RWE are the worlds second largest offshore power generation company and Europes third-largest in renewable energy, so when they say governments are going too far, they’ve probably got a point.
Reading about RWE’s history since their formation in 1898, unusually there wasn’t the frequent need for a sharp intake of breath during the period of the second world war. Quite the converse turned out to be the case, one of their directors executed by the German government in 1944, partly because he’d said “this war would likely end the same way as 1918. Nowadays, the company appears to be flourishing and is active virtually everywhere except South America and Africa.
Our interest in their share price is based on movements since October as it appears possible RWE share price is about to improve, albeit not by a massive amount. Currently, it looks like movement above 39€ could trigger share price recovery to an initial 42 euros. In the event the share price actually closes around such a level, it shall exceed a downtrend which dates back to 2008, placing the share in a zone where a future 54€ becomes believable.
For everything to go horribly wrong, the price would need break below Red on the chart, around 32€ at present, as this risks promoting reversal down to an initial 29 with secondary, if broken, at an improbable looking 25€.
We suspect this intends head upward.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:11:49PM | BRENT | 8148.2 | |||||||||
| 9:14:40PM | GOLD | 1989.81 | 1984 | 1978 | 1968 | 1995 | 2007 | 2016 | 2044 | 1995 | ‘cess |
| 9:17:13PM | FTSE | 7474.7 | |||||||||
| 9:20:23PM | STOX50 | 4350.5 | |||||||||
| 9:28:42PM | GERMANY | 15955.7 | ‘cess | ||||||||
| 9:31:06PM | US500 | 4555.3 | |||||||||
| 9:40:49PM | DOW | 35282.5 | 35041 | 34957 | 34836 | 35145 | 35320 | 35353 | 35546 | 35174 | ‘cess |
| 9:44:30PM | NASDAQ | 15993 | Success | ||||||||
| 9:47:18PM | JAPAN | 33743 | Success |
22/11/2023 FTSE Closed at 7469 points. Change of -0.17%. Total value traded through LSE was: £ 4,505,503,688 a change of 12.22%
21/11/2023 FTSE Closed at 7482 points. Change of -0.19%. Total value traded through LSE was: £ 4,015,011,285 a change of -11.06%
20/11/2023 FTSE Closed at 7496 points. Change of -0.11%. Total value traded through LSE was: £ 4,514,299,465 a change of -13.95%
17/11/2023 FTSE Closed at 7504 points. Change of 1.27%. Total value traded through LSE was: £ 5,245,946,356 a change of -1.73%
16/11/2023 FTSE Closed at 7410 points. Change of -1.02%. Total value traded through LSE was: £ 5,338,555,524 a change of -8.11%
15/11/2023 FTSE Closed at 7486 points. Change of 0.62%. Total value traded through LSE was: £ 5,809,987,386 a change of 5.78%
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%
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:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:ITM ITM Power** **LSE:NG. National Glib** **LSE:QED Quadrise** **LSE:RKH Rockhopper** **LSE:SPT Spirent Comms** **LSE:TW. Taylor Wimpey** **
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Updated charts published on : Aston Martin, Barrett Devs, British Telecom, ITM Power, National Glib, Quadrise, Rockhopper, Spirent Comms, Taylor Wimpey,
LSE:AML Aston Martin. Close Mid-Price: 234.4 Percentage Change: + 1.91% Day High: 242 Day Low: 230.2
Continued trades against AML with a mid-price ABOVE 242 should improve th ……..
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View Previous Aston Martin & Big Picture ***
LSE:BDEV Barrett Devs. Close Mid-Price: 492.6 Percentage Change: + 0.04% Day High: 503 Day Low: 488.6
Further movement against Barrett Devs ABOVE 503 should improve accelerati ……..
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View Previous Barrett Devs & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 122.45 Percentage Change: + 3.73% Day High: 126 Day Low: 118.3
In the event of British Telecom enjoying further trades beyond 126, the s ……..
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View Previous British Telecom & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 54.66 Percentage Change: -0.69% Day High: 56.88 Day Low: 53.46
Weakness on ITM Power below 53.46 will invariably lead to 47.5 with secon ……..
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View Previous ITM Power & Big Picture ***
LSE:NG. National Glib Close Mid-Price: 1033.5 Percentage Change: -0.39% Day High: 1048.5 Day Low: 1031
Target met. Continued trades against NG. with a mid-price ABOVE 1048.5 sh ……..
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View Previous National Glib & Big Picture ***
LSE:QED Quadrise. Close Mid-Price: 1.37 Percentage Change: + 15.58% Day High: 1.8 Day Low: 1.35
Target met. In the event of Quadrise enjoying further trades beyond 1.8, ……..
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View Previous Quadrise & Big Picture ***
LSE:RKH Rockhopper Close Mid-Price: 11 Percentage Change: -3.93% Day High: 11.4 Day Low: 10.6
Target met. Continued weakness against RKH taking the price below 10.6 ca ……..
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View Previous Rockhopper & Big Picture ***
LSE:SPT Spirent Comms. Close Mid-Price: 108.7 Percentage Change: + 0.46% Day High: 110 Day Low: 108
Target met. Further movement against Spirent Comms ABOVE 110 should impro ……..
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View Previous Spirent Comms & Big Picture ***
LSE:TW. Taylor Wimpey Close Mid-Price: 126.15 Percentage Change: -1.29% Day High: 130.25 Day Low: 125.5
Continued trades against TW. with a mid-price ABOVE 130.25 should improve ……..
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View Previous Taylor Wimpey & Big Picture ***