#Brent #Gold Before launching into a diatribe about Genedrive in answer to a few emails, her in Argyll a surprise awaited when the bedroom curtains were opened. A massive cruise liner was parked outside, languishing in the grey and miserable weather. We often get mini cruise ships but the ship photographed below was big but thankfully not of the design which reminds of 1970’s council flats, just tarted up garishly to look modern, usually sprouting unlikely tubes which passengers use to convey themselves from one swimming pool to another lower deck pool. The ship outside was for another type client as it was called ‘Spirit of Adventure’ from Saga. And to underline the cliché of the visit, the passengers were visiting a local botanical garden and estate.
It certainly appears the cruise industry is back at work, so we shall issue an update on Carnival (LSE:CCL) next week as this was maybe an omen. This monster arrived silently, spent the day, and left silently on the outgoing tide.
A few years ago, when we reviewed Genedrive, somehow or other we plucked a share price of 41p out of the ether, suggesting if the share managed to close a session below 41p, trouble probably lay ahead. This was a shame, especially as the company make and sell real products, rather than being in the pharmaceutical speculation industry with values based entirely on whatever investors think on any given day. But in September 2021, the price indeed closed below 41p, opening an arithmetic argument which didn’t foresee a great future.
The situation now is a little bit troubling as the Big Picture allows for a share price bottom at just 1.49p, a target level the share price has floated above during the most recent four sessions. We can express a vague hope of a bounce being due, if only because price movements have not hit our projected “ultimate bottom” of 1.49p and perhaps this gives the potential of a bounce anytime soon. We’re not exactly oozing confident, thinking the share price is a candidate for the market to discover an excuse to gap it up one day at the open, ideally above 3p, as this has the potential to start some real recovery.
We’d certainly advocate some caution with the target numbers we’re about to present as the visuals don’t suggest taking any rise seriously until the price exceeds the Blue downtrend on the chart. Currently, this line is at 5.5p, substantially above our theoretical trigger level of 3p.
And so, without further hesitation, our software is currently hinting above 3p should head for an initial target level at 8.8p. Our longer term secondary is being presented at 11.8p, along with a warning to anticipate some hesitation at such a target level. While we do have targets above such a point, we think it would be wisest to revisit the share and analyse what’s happened, rather than believe the current near 10 fold gain shall prove an accurate prediction. While our software doesn’t have a sense of humour, we’ve learnt to take sizeable gain potentials with caution. But strangely, when we’re talking about drops, things can prove quite accurate.
For now, Genedrive Plc appear worth keeping an eye on.
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FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:05:37PM | BRENT | 8275.9 | 8095 | 8086 | 7966 | 8200 | 8296 | 8365 | 8455 | 8248 | ‘cess |
| 11:08:36PM | GOLD | 2387.95 | 2352 | 2341 | 2324 | 2374 | 2391 | 2399 | 2409 | 2377 | Success |
| 11:11:31PM | FTSE | 8423.2 | ‘cess | ||||||||
| 11:13:43PM | STOX50 | 5097.8 | ‘cess | ||||||||
| 11:15:40PM | GERMANY | 18889.3 | |||||||||
| 11:18:09PM | US500 | 5308.6 | ‘cess | ||||||||
| 11:22:02PM | DOW | 39894.5 | Success | ||||||||
| 11:26:03PM | NASDAQ | 18607 | ‘cess | ||||||||
| 11:28:45PM | JAPAN | 38739 | ‘cess |
15/05/2024 FTSE Closed at 8445 points. Change of 0.2%. Total value traded through LSE was: £ 6,861,663,966 a change of 1.88%
14/05/2024 FTSE Closed at 8428 points. Change of 0.17%. Total value traded through LSE was: £ 6,735,233,272 a change of 43.21%
13/05/2024 FTSE Closed at 8414 points. Change of -0.23%. Total value traded through LSE was: £ 4,703,191,844 a change of -3.6%
10/05/2024 FTSE Closed at 8433 points. Change of 0.62%. Total value traded through LSE was: £ 4,878,616,617 a change of -3.08%
9/05/2024 FTSE Closed at 8381 points. Change of 0.32%. Total value traded through LSE was: £ 5,033,811,028 a change of -35.46%
8/05/2024 FTSE Closed at 8354 points. Change of 0.49%. Total value traded through LSE was: £ 7,799,424,670 a change of 19.63%
7/05/2024 FTSE Closed at 8313 points. Change of -100%. Total value traded through LSE was: £ 6,519,396,072 a change of 0% 
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:CAR Carclo** **LSE:EXPN Experian** **LSE:FOXT Foxtons** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HL. Hargreaves Lansdown** **LSE:IDS International Distribution** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:LLOY Lloyds Grp.** **LSE:NG. National Glib** **LSE:NWG Natwest** **
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Updated charts published on : Carclo, Experian, Foxtons, Gulf Keystone, Glencore Xstra, Hargreaves Lansdown, International Distribution, IG Group, IQE, Lloyds Grp., National Glib, Natwest,
LSE:CAR Carclo. Close Mid-Price: 14.5 Percentage Change: + 11.54% Day High: 15 Day Low: 13.1
Further movement against Carclo ABOVE 15 should improve acceleration towa ……..
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View Previous Carclo & Big Picture ***
LSE:EXPN Experian. Close Mid-Price: 3752 Percentage Change: + 8.13% Day High: 3796 Day Low: 3602
Target met. Further movement against Experian ABOVE 3796 should improve a ……..
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View Previous Experian & Big Picture ***
LSE:FOXT Foxtons. Close Mid-Price: 68.4 Percentage Change: + 0.59% Day High: 69 Day Low: 68
All Foxtons needs are mid-price trades ABOVE 69 to improve acceleration t ……..
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View Previous Foxtons & Big Picture ***
LSE:GKP Gulf Keystone Close Mid-Price: 130.2 Percentage Change: -3.91% Day High: 140.4 Day Low: 130.6
Continued trades against GKP with a mid-price ABOVE 140.4 should improve ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:GLEN Glencore Xstra Close Mid-Price: 487.9 Percentage Change: -0.93% Day High: 498.9 Day Low: 485.55
Continued trades against GLEN with a mid-price ABOVE 498.9 should improve ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:HL. Hargreaves Lansdown. Close Mid-Price: 901.4 Percentage Change: + 2.78% Day High: 897.4 Day Low: 872.8
Further movement against Hargreaves Lansdown ABOVE 897.4 should improve a ……..
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View Previous Hargreaves Lansdown & Big Picture ***
LSE:IDS International Distribution. Close Mid-Price: 314.8 Percentage Change: + 15.99% Day High: 335 Day Low: 271.2
Target met. Further movement against International Distribution ABOVE 335 ……..
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View Previous International Distribution & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 788.5 Percentage Change: + 1.15% Day High: 790.5 Day Low: 782
In the event of IG Group enjoying further trades beyond 790.5, the share ……..
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View Previous IG Group & Big Picture ***
LSE:IQE IQE. Close Mid-Price: 32.3 Percentage Change: + 1.25% Day High: 33 Day Low: 31.75
In the event of IQE enjoying further trades beyond 33, the share should e ……..
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View Previous IQE & Big Picture ***
LSE:LLOY Lloyds Grp. Close Mid-Price: 54.5 Percentage Change: -0.07% Day High: 54.8 Day Low: 54.26
All Lloyds Grp. needs are mid-price trades ABOVE 54.8 to improve accelera ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 1136.5 Percentage Change: + 1.52% Day High: 1140.5 Day Low: 1123.5
Continued trades against NG. with a mid-price ABOVE 1140.5 should improve ……..
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View Previous National Glib & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 326.4 Percentage Change: + 0.87% Day High: 328.1 Day Low: 325.1
Target met. In the event of Natwest enjoying further trades beyond 328.1, ……..
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View Previous Natwest & Big Picture ***