#Gold #WallSt Sometimes, we think it’d be fun to have an annual competition for the best attempts at the English language from large company websites. We’re referring to the sort of nonsense, clearly produced by a committee, all of who forgot their ‘in house’ speak would be gibberish to normal folk. Folk emailing us for a report on Eleco had doubtless skipped over the silly bullet points as this sort of thing quickly assumes similar compulsive reading as a political leaflet, essentially immediately ignored.
Eleco certainly provide a couple of strong contenders for a gibberish award. Just what “Customer Facing Business software” actually is defeats us and it’d be nice to know what a “Built Environment” really is. This sort of thing can be easily discounted except for the salient detail both images appear on the front page of Eleco’s website.
Impressively, the company, dating back to 1920 and listed on the London exchange since 1939, are one we’ve not come across previously but their slow and steady growth and expansion now gives them a worldwide footprint.
Our inclination with regard their share price movements this year is of optimism for the future as some upward travel appears very possible. In January of this year, the share price was yanked above a downtrend since 2021 with movements since suggesting a gain cycle is coming along.
Currently, above just 100p calculates as capable of triggering movement to an initial 105p, a very tame rise but our secondary, should this initial 105p be exceeded, works out at a more useful 122p, along with some probable hesitation. Longer term, if any of this scenario comes to fruition, the share price has the potential to head to 147p and potentially establish a new all time high.
Should things intend go wrong, the share price needs slip below 91p as this could easily trigger reversal to an initial 81 with secondary, if broken, a hopeful bottom at just 60p.
For now, it looks good.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:21:44PM | BRENT | 8348.8 | Success | ||||||||
| 10:25:06PM | GOLD | 2319.13 | 2297 | 2288 | 2275 | 2310 | 2329 | 2332 | 2349 | 2307 | ‘cess |
| 11:05:22PM | FTSE | 8112 | Shambles | ||||||||
| 11:09:50PM | GERMANY | 17861 | Shambles | ||||||||
| 11:13:49PM | US500 | 5031 | Shambles | ||||||||
| 11:18:37PM | DOW | 37982 | 37705 | 37679 | 37450 | 37967 | 38063 | 38232 | 38407 | 37880 | Success |
| 11:21:42PM | NASDAQ | 17383 | |||||||||
| 11:24:37PM | JAPAN | 37892 | ‘cess |
1/05/2024 FTSE Closed at 8121 points. Change of -0.28%. Total value traded through LSE was: £ 3,601,904,135 a change of -39.24%
30/04/2024 FTSE Closed at 8144 points. Change of -0.04%. Total value traded through LSE was: £ 5,927,984,853 a change of 22.51%
29/04/2024 FTSE Closed at 8147 points. Change of 0.1%. Total value traded through LSE was: £ 4,838,878,420 a change of -6.86%
26/04/2024 FTSE Closed at 8139 points. Change of 0.76%. Total value traded through LSE was: £ 5,195,337,438 a change of -32.25%
25/04/2024 FTSE Closed at 8078 points. Change of 0.47%. Total value traded through LSE was: £ 7,668,407,153 a change of -4.61%
24/04/2024 FTSE Closed at 8040 points. Change of -0.05%. Total value traded through LSE was: £ 8,038,861,258 a change of 24.9%
23/04/2024 FTSE Closed at 8044 points. Change of 0.26%. Total value traded through LSE was: £ 6,436,213,150 a change of 18.32% 
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:AZN Astrazeneca** **LSE:ECO ECO (Atlantic) O & G** **LSE:HSBA HSBC** **LSE:SCLP Scancell** **
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Updated charts published on : Aston Martin, Astrazeneca, ECO (Atlantic) O & G, HSBC, Scancell,
LSE:AML Aston Martin Close Mid-Price: 138.2 Percentage Change: -6.75% Day High: 143.5 Day Low: 128
Target met. Continued weakness against AML taking the price below 128 cal ……..
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View Previous Aston Martin & Big Picture ***
LSE:AZN Astrazeneca. Close Mid-Price: 12170 Percentage Change: + 0.90% Day High: 12266 Day Low: 12054
All Astrazeneca needs are mid-price trades ABOVE 12266 to improve acceler ……..
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View Previous Astrazeneca & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 12.2 Percentage Change: + 6.09% Day High: 12.6 Day Low: 11.35
Target met. In the event of ECO (Atlantic) O & G enjoying further trades ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:HSBA HSBC. Close Mid-Price: 697.5 Percentage Change: + 0.27% Day High: 703.4 Day Low: 693.2
Further movement against HSBC ABOVE 703.4 should improve acceleration tow ……..
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View Previous HSBC & Big Picture ***
LSE:SCLP Scancell. Close Mid-Price: 9.25 Percentage Change: + 3.70% Day High: 9.3 Day Low: 9.25
If Scancell experiences continued weakness below 9.25, it will invariably ……..
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View Previous Scancell & Big Picture ***