#FTSE #Stoxx50 It’s probably easier to explain current events in Israel, rather to provide a quick and simple description of Ethernity’s business. Listed on the UK AIM market, we’re fairly confident we’d utterly foul up any attempt to explain what this company based in Israel actually do. However, a bunch of emails asking for our thoughts on their share price took us into an area where we’re happier.
Our usual grumble with companies, specifically Fintech organisations, is their predisposition to use industry and marketing gibberish to make their field sound interesting and their position as being a leader. With Ethernity, this isn’t the case. They work with something called “Field Programmable Gate Arrays” which brutally could be described as a computer with a Read Only tab in position, only in this instance the simile could be more fairly thought of us a memory chip, hard programmed at the factory, but one which can be altered in the field. And at this point, we give up. To experience further confusion, visit the Ethernity website as there’s a plethora of rabbit holes for the casual reader to vanish down.
The last 5 years has seen this share price experience some pretty horrible movements, relaxing below the 60p level, and it’s currently trading in a zone where we cannot realistically calculate a logical bottom. There’s a fairly reasonable visible assumption the visit to 0.22p in October represented a bottom, one which certainly can be justified by movements in 2021 but from a Big Picture perspective, we’re not entirely convinced as it’s very easy to now produce a series of drop targets, all prefaced with impossible minus signs!
However, judging by the emails received, something about the company is currently attracting some interest, hopefully not a campaign of false optimism from an internet chatroom.
Presently trading around 1.4p, the share price needs exceed .2.4p before we dare take any rise seriously. A movement such as this is liable to trigger price recovery to an initial 4.4p and visually, an excuse for some hesitation. Our longer term secondary, if 4.4p is exceeded, calculates at 5.5p. At such a level, there’s a software demand for the share price to close at target as this would enable some “proper” longer term gains.
Due to movements this year, the share price is now trading in a zone where a potential bottom can now be calculated at 0.34p and to judge by the chart, below 1p would certainly justify buying running shoes. As a result, this is definitely one where “fingers crossed” is a viable strategy for the present.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:19:52PM | BRENT | 7718 | |||||||||
| 9:22:31PM | GOLD | 2019.08 | ‘cess | ||||||||
| 9:28:52PM | FTSE | 7480 | 7459 | 7448 | 7416 | 7490 | 7500 | 7507 | 7523 | 7480 | ‘cess |
| 9:44:29PM | STOX50 | 4447.8 | 4415 | 4403 | 4384 | 4440 | 4459 | 4498 | 4668 | 4421 | Success |
| 10:11:02PM | GERMANY | 16618 | Success | ||||||||
| 10:14:02PM | US500 | 4566.4 | |||||||||
| 10:16:34PM | DOW | 36116.5 | |||||||||
| 10:19:01PM | NASDAQ | 15871.4 | |||||||||
| 10:27:25PM | JAPAN | 32912 |
5/12/2023 FTSE Closed at 7489 points. Change of -0.31%. Total value traded through LSE was: £ 4,097,792,180 a change of -8.47%
4/12/2023 FTSE Closed at 7512 points. Change of -0.23%. Total value traded through LSE was: £ 4,476,825,041 a change of -0.54%
1/12/2023 FTSE Closed at 7529 points. Change of 1.02%. Total value traded through LSE was: £ 4,501,021,882 a change of -55.19%
30/11/2023 FTSE Closed at 7453 points. Change of 0.4%. Total value traded through LSE was: £ 10,044,675,963 a change of 155.31%
29/11/2023 FTSE Closed at 7423 points. Change of -0.43%. Total value traded through LSE was: £ 3,934,274,294 a change of -13.77%
28/11/2023 FTSE Closed at 7455 points. Change of -0.07%. Total value traded through LSE was: £ 4,562,527,303 a change of 31.7%
27/11/2023 FTSE Closed at 7460 points. Change of -0.37%. Total value traded through LSE was: £ 3,464,420,361 a change of -16.59%
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:BARC Barclays** **LSE:BME B & M** **LSE:BT.A British Telecom** **LSE:CCL Carnival** **LSE:HIK Hikma** **LSE:IHG Intercontinental Hotels Group** **LSE:MMAG Music Magpie** **LSE:RR. Rolls Royce** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **
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Updated charts published on : Barclays, B & M, British Telecom, Carnival, Hikma, Intercontinental Hotels Group, Music Magpie, Rolls Royce, Tesco, Taylor Wimpey,
LSE:BARC Barclays Close Mid-Price: 139.46 Percentage Change: -2.46% Day High: 140.12 Day Low: 136.5
Continued weakness against BARC taking the price below 136.5 calculates a ……..
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View Previous Barclays & Big Picture ***
LSE:BME B & M. Close Mid-Price: 602.8 Percentage Change: + 0.77% Day High: 606 Day Low: 595
Target met. In the event of B & M enjoying further trades beyond 606, the ……..
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View Previous B & M & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 130.25 Percentage Change: + 3.29% Day High: 131 Day Low: 125.2
Target met. Continued trades against BT.A with a mid-price ABOVE 131 shou ……..
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View Previous British Telecom & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 1166 Percentage Change: + 2.19% Day High: 1170 Day Low: 1139.5
Target met. Further movement against Carnival ABOVE 1170 should improve a ……..
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View Previous Carnival & Big Picture ***
LSE:HIK Hikma. Close Mid-Price: 1799 Percentage Change: + 1.67% Day High: 1800.5 Day Low: 1752
In the event of Hikma enjoying further trades beyond 1800.5, the share sh ……..
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View Previous Hikma & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 6348 Percentage Change: + 0.25% Day High: 6374 Day Low: 6300
Continued trades against IHG with a mid-price ABOVE 6374 should improve t ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:MMAG Music Magpie Close Mid-Price: 13 Percentage Change: -7.14% Day High: 14 Day Low: 13
If Music Magpie experiences continued weakness below 13, it will invariab ……..
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View Previous Music Magpie & Big Picture ***
LSE:RR. Rolls Royce Close Mid-Price: 284.7 Percentage Change: -0.25% Day High: 289 Day Low: 280.8
In the event of Rolls Royce enjoying further trades beyond 289, the share ……..
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View Previous Rolls Royce & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 284.1 Percentage Change: + 1.03% Day High: 285.4 Day Low: 280.1
In the event of Tesco enjoying further trades beyond 285.4, the share sho ……..
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View Previous Tesco & Big Picture ***
LSE:TW. Taylor Wimpey. Close Mid-Price: 132.8 Percentage Change: + 0.80% Day High: 133.5 Day Low: 130.95
All Taylor Wimpey needs are mid-price trades ABOVE 133.5 to improve accel ……..
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View Previous Taylor Wimpey & Big Picture ***