#FTSE #SP500 Our entire knowledge of gold mining in South America has been gleaned from the usually chaotic exploits of Discovery Channels Gold Rush miners, generally where a bunch of “get rich quick” miners and a film crew enter a country, then foul everything up. Sometimes, there’s the added entertainment of bouts of malaria, a consequence of the miners utterly failing to realise what they’re walking in to. Solgold Plc surprised us.
The company focus appears to be establishing world-class copper mines, any search for Gold rarely worth a mention on their website. But recent share price movements seem to have gathered the attention of some traders as we’ve received a few emails asking our opinion on their price potentials.
A couple of things became immediately apparent when we ran the numbers. The share has no less than three distinct arguments pointing to a bottom potential of just 3p, a target level the share price has carefully avoided this year despite plenty of opportunity. The lowest share price achieved has been 5.6p, so perhaps this can be taken of an indication of hidden strength. However, the market is messing around with the price to a degree as shown on the chart extract.
Despite the share price soaring during the session on Tuesday, considerable care was taken to ensure it closed below the downtrend since 2022. Perhaps “they” are awaiting news from the company before committing the share price to a zone where some recovery can be anticipated.
This being the case, above 8.95 should now bring recovery to an initial 10p with secondary, if bettered, at a more useful 12.5p. Visually, this is quite a big deal as closure above 12.5p takes the share price into a zone where currently we can calculate a future 16p as possible, potentially returning the share price above the Red uptrend on the chart. We strongly suspect such a movement shall become truly significant.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:16:54PM | BRENT | 8195.8 | 8165 | ||||||||
| 10:19:35PM | GOLD | 2160.17 | 2168 | Success | |||||||
| 10:23:09PM | FTSE | 7759.1 | 7719 | 7713 | 7697 | 7748 | 7762 | 7778 | 7838 | 7741 | Success |
| 10:26:01PM | STOX50 | 4991.2 | 4974 | Success | |||||||
| 10:30:46PM | GERMANY | 18001.4 | 17933 | Success | |||||||
| 11:01:41PM | US500 | 5177.3 | 5111 | 5089 | 5058 | 5143 | 5181 | 5196 | 5211 | 5163 | Success |
| 11:04:46PM | DOW | 39001.4 | 38874 | Shambles | |||||||
| 11:09:25PM | NASDAQ | 18216 | 18142 | Success | |||||||
| 11:12:28PM | JAPAN | 39094 | 38866 | Shambles |
12/03/2024 FTSE Closed at 7747 points. Change of 1.02%. Total value traded through LSE was: £ 7,245,332,425 a change of 15.81%
11/03/2024 FTSE Closed at 7669 points. Change of 0.13%. Total value traded through LSE was: £ 6,256,339,396 a change of 13.77%
8/03/2024 FTSE Closed at 7659 points. Change of -0.43%. Total value traded through LSE was: £ 5,498,882,120 a change of -31.93%
7/03/2024 FTSE Closed at 7692 points. Change of 0.17%. Total value traded through LSE was: £ 8,077,896,758 a change of 24.94%
6/03/2024 FTSE Closed at 7679 points. Change of 0.43%. Total value traded through LSE was: £ 6,465,210,839 a change of 16.73%
5/03/2024 FTSE Closed at 7646 points. Change of 0.08%. Total value traded through LSE was: £ 5,538,797,167 a change of -5.01%
4/03/2024 FTSE Closed at 7640 points. Change of -0.55%. Total value traded through LSE was: £ 5,830,824,809 a change of -4.21% 
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:CAR Carclo** **LSE:CEY Centamin** **LSE:CPI Capita** **LSE:DARK Darktrace Plc** **LSE:GRG Greggs** **LSE:ITRK Intertek** **LSE:LLOY Lloyds Grp.** **LSE:SDY Speedyhire** **
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Updated charts published on : Barclays, Carclo, Centamin, Capita, Darktrace Plc, Greggs, Intertek, Lloyds Grp., Speedyhire,
LSE:BARC Barclays. Close Mid-Price: 177.58 Percentage Change: + 2.17% Day High: 178.46 Day Low: 174.06
Target met. In the event of Barclays enjoying further trades beyond 178.4 ……..
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View Previous Barclays & Big Picture ***
LSE:CAR Carclo Close Mid-Price: 8 Percentage Change: -1.23% Day High: 7 Day Low: 7
Target met. In the event Carclo experiences weakness below 7 it calculate ……..
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View Previous Carclo & Big Picture ***
LSE:CEY Centamin. Close Mid-Price: 106.3 Percentage Change: + 1.43% Day High: 106.5 Day Low: 104.2
Continued trades against CEY with a mid-price ABOVE 106.5 should improve ……..
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View Previous Centamin & Big Picture ***
LSE:CPI Capita Close Mid-Price: 14.46 Percentage Change: -1.09% Day High: 14.59 Day Low: 14.01
If Capita experiences continued weakness below 14.01, it will invariably ……..
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View Previous Capita & Big Picture ***
LSE:DARK Darktrace Plc. Close Mid-Price: 455.3 Percentage Change: + 4.38% Day High: 455.8 Day Low: 431
Further movement against Darktrace Plc ABOVE 455.8 should improve acceler ……..
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View Previous Darktrace Plc & Big Picture ***
LSE:GRG Greggs. Close Mid-Price: 2878 Percentage Change: + 1.34% Day High: 2898 Day Low: 2824
Further movement against Greggs ABOVE 2898 should improve acceleration to ……..
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View Previous Greggs & Big Picture ***
LSE:ITRK Intertek. Close Mid-Price: 5062 Percentage Change: + 2.04% Day High: 5058 Day Low: 4980
Target met. Continued trades against ITRK with a mid-price ABOVE 5058 sho ……..
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View Previous Intertek & Big Picture ***
LSE:LLOY Lloyds Grp.. Close Mid-Price: 49.55 Percentage Change: + 1.02% Day High: 50.02 Day Low: 49.29
Wonder if someone called an exorcist. It moved! Now above 50.1 should prov ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:SDY Speedyhire Close Mid-Price: 25.2 Percentage Change: -1.18% Day High: 26.1 Day Low: 25.1
Weakness on Speedyhire below 25.1 will invariably lead to 23p with second ……..
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View Previous Speedyhire & Big Picture ***