#Gold #DOW We were totally caught out by the USA’s most recent excuse for a market holiday, Juneteenth. The event initially caused pause for thought, immediately jumping to the new channels in case something had happened. Eventually, the penny dropped with the realisation most folk had gone fishing or DIY-ing for the day. We’d certainly not complain if the UK opted to invent a market holiday to fill the void between August and the Festive season, perhaps anointing Halloween with an added reason to mimic the US’s fascination with the period. Unfortunately, we also feel the markets would take advantage of such a holiday, declaring it as the best time of the year to scare investors silly!
It’s probably wise to keep this concept to ourselves as surely one of the political parties would seize the idea, shoehorn it into their manifesto and loudly pronounce, “see, we’ve an idea the other side doesn’t!”
We’ve have a bunch of emails asking our thoughts on #PetroMatad, the household name petroleum explorers, developers, and producers in Mongolia who are listed on the UK AIM market. With personal knowledge of the large country restricted to the time The Grand Tour (or maybe Top Gear) passed through – or maybe it was Euan McGregor doing The Long Way Round, it seemed sensible to take a glance at the company website. It’s well laid out, giving more information about the country and company than we wanted to know for a quick report.
There are some quite slight hints the share price may be getting ready to do something positive, judging by recent dance steps. The immediate situation suggests trades above just 4.1p (hopefully not with a price spike in the opening seconds of trade) shall trigger an upward push to an initial 4.65p. At this level, things become quite interesting and we’ve circled a price movement a year ago to explain why. Sometimes, this sort of spike above a trend can be a strong suggestion, essentially proof the downtrend can be broken and with the share price failing to challenge previous lows, hope is indeed possible.
Above our initial target of 4.65p calculates with a surprising number at 5.75p, breaking above the trend and ideally providing the share price with an opportunity to close above the trend. This should prove very significant, dumping the price in a zone where a longer term attraction shall be seen as coming from 9.63p. Alas, this number is similar to our Halloween Holiday concept, something for which there is little likelihood at present…
Oh, and if they intend spoil our calculations, the share need only slip below Red, presently at 3p.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 9:35:28PM | BRENT | 8480 | 8434 | |||||||
| 10:01:42PM | GOLD | 2327.61 | 2322 | 2318 | 2312 | 2332 | 2335 | 2339 | 2343 | 2327 |
| 10:04:11PM | FTSE | 8208.3 | 8195 | |||||||
| 10:07:46PM | STOX50 | 4882 | 4880 | |||||||
| 10:12:44PM | GERMANY | 18079.3 | 18076 | |||||||
| 10:16:39PM | US500 | 5490 | 5488 | |||||||
| 10:20:32PM | DOW | 38775 | 38726 | 38637 | 38534 | 38800 | 38873 | 38980 | 39064 | 38794 |
| 10:26:14PM | NASDAQ | 19942.5 | 19936 | |||||||
| 10:32:11PM | JAPAN | 38349 | 38433 |
19/06/2024 FTSE Closed at 8205 points. Change of 0.17%. Total value traded through LSE was: £ 4,431,021,762 a change of -14.42%
18/06/2024 FTSE Closed at 8191 points. Change of 0.6%. Total value traded through LSE was: £ 5,177,578,584 a change of -3.32%
17/06/2024 FTSE Closed at 8142 points. Change of -0.05%. Total value traded through LSE was: £ 5,355,562,392 a change of 9.34%
14/06/2024 FTSE Closed at 8146 points. Change of -0.21%. Total value traded through LSE was: £ 4,897,995,674 a change of -10.04%
13/06/2024 FTSE Closed at 8163 points. Change of -0.63%. Total value traded through LSE was: £ 5,444,343,185 a change of -29.92%
12/06/2024 FTSE Closed at 8215 points. Change of 0.83%. Total value traded through LSE was: £ 7,768,504,488 a change of -2.17%
11/06/2024 FTSE Closed at 8147 points. Change of -0.98%. Total value traded through LSE was: £ 7,940,759,501 a change of 69.47% 
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:AFC AFC Energy** **LSE:BDEV Barrett Devs** **LSE:DGE Diageo** **LSE:ITM ITM Power** **LSE:RR. Rolls Royce** **
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Updated charts published on : AFC Energy, Barrett Devs, Diageo, ITM Power, Rolls Royce,
LSE:AFC AFC Energy. Close Mid-Price: 18.78 Percentage Change: + 8.30% Day High: 19.78 Day Low: 17.32
This is a bit of a shambles and ideally I’d like to see it gapped up at th ……..
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View Previous AFC Energy & Big Picture ***
LSE:BDEV Barrett Devs Close Mid-Price: 468.7 Percentage Change: -2.74% Day High: 482.9 Day Low: 467.4
Target met. Weakness on Barrett Devs below 467.4 will invariably lead to ……..
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View Previous Barrett Devs & Big Picture ***
LSE:DGE Diageo. Close Mid-Price: 2569 Percentage Change: + 0.43% Day High: 2569.5 Day Low: 2515.5
If Diageo experiences continued weakness below 2515.5, it will invariably ……..
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View Previous Diageo & Big Picture ***
LSE:ITM ITM Power. Close Mid-Price: 48.32 Percentage Change: + 1.05% Day High: 49.76 Day Low: 47.02
Weakness on ITM Power below 47.02 will invariably lead to 41 with seconda ……..
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View Previous ITM Power & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 472.5 Percentage Change: + 0.98% Day High: 473.5 Day Low: 467.9
Further movement against Rolls Royce ABOVE 473.5 should improve accelerat ……..
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View Previous Rolls Royce & Big Picture ***