#FTSE #NASDAQ From the department of “Things That Make You Go Hmmm”, the probably tragedy of Mike Lynch going missing in a rare super yacht accident is a bit strange, the media reporting without comment on the coincidence his co-defendant in the US Trial was run over in Cambridgeshire and died a day before a tempest capsized the super yacht. It’s certainly an interesting pile up of accidents, immediately following a US Trial of a type where 99+% of those charged are found guilty, rather than acquitted of all charges as happened with Mr Lynch and Mr Chamberlain. Oddly, this actually dovetails into the share we’re looking at today as it seems the media are not bothering to connect any dots in another subject.
The announcement by China they intend build 11 Nuclear power plants was interesting, reminding us to review some of the press releases from companies playing in the Yellowcake (Uranium) field. To cut a long story short, when we combine this announcement with the forthcoming spread of Micro Nuclear generators as provided by the likes of Rolls Royce, it appears entirely possible there’s not enough Uranium to go round. Potentially, this shall create a situation where the price of the product will rapidly increase as it’s unlikely China will build the plants, yet decide not to turn them on due to shortages of fuel.
As a result, we decided to take a look at some of the minnows in the field with Neo Energy, a penny share, coming forward for a look at their share price potentials.
Neo Energy Metals, as an explorer for Uranium, certainly sound quite excited about their prospect in South Africa, and seem well placed to take advantage of any increase in Uranium prices.
We’ve worked out at potential trigger level of 1.14p with movement above such a point ideally able to provoke movement to an initial 1.5p with our secondary, if bettered, at 2p. We shall certainly find it interesting, if the market discovers an excuse to continue gapping NEO share price up at the open as this will be required (from a software perspective) to give the share sufficient excuse to exceed 2p sometime in the future. We’ll certainly be keeping a look out for this one.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:14:48PM | BRENT | 7667 | ‘cess | ||||||||
| 11:18:09PM | GOLD | 2513.86 | ‘cess | ||||||||
| 11:23:43PM | FTSE | 8241.2 | 8240 | 8229 | 8180 | 8263 | 8292 | 8312 | 8336 | 8255 | |
| 11:27:44PM | STOX50 | 4849.4 | ‘cess | ||||||||
| 11:31:40PM | DOW | 40845.5 | Shambles | ||||||||
| 11:35:22PM | GERMANY | 18348.7 | |||||||||
| 11:06:06PM | US500 | 5598.5 | ‘cess | ||||||||
| 11:10:49PM | NASDAQ | 19703 | 19653 | 19595 | 19513 | 19730 | 19841 | 19916 | 20004 | 19755 | |
| 11:17:31PM | JAPAN | 37543 | Shambles |
20/08/2024 FTSE Closed at 8273 points. Change of -0.99%. Total value traded through LSE was: £ 3,626,221,676 a change of -7.78%
19/08/2024 FTSE Closed at 8356 points. Change of 0.54%. Total value traded through LSE was: £ 3,932,181,241 a change of -1.04%
16/08/2024 FTSE Closed at 8311 points. Change of -0.43%. Total value traded through LSE was: £ 3,973,574,909 a change of -9.98%
15/08/2024 FTSE Closed at 8347 points. Change of 0.8%. Total value traded through LSE was: £ 4,413,998,964 a change of 1.84%
14/08/2024 FTSE Closed at 8281 points. Change of 0.56%. Total value traded through LSE was: £ 4,334,159,938 a change of 16.54%
13/08/2024 FTSE Closed at 8235 points. Change of 0.3%. Total value traded through LSE was: £ 3,719,074,811 a change of -40.15%
12/08/2024 FTSE Closed at 8210 points. Change of 0.51%. Total value traded through LSE was: £ 6,213,997,853 a change of 45.06% 
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:BDEV Barrett Devs** **LSE:HSBA HSBC** **LSE:IPF International Personal Finance** **LSE:SPX Spirax** **LSE:TW. Taylor Wimpey** **
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Updated charts published on : Barrett Devs, HSBC, International Personal Finance, Spirax, Taylor Wimpey,
LSE:BDEV Barrett Devs Close Mid-Price: 549 Percentage Change: -0.90% Day High: 562.8 Day Low: 548.4
Further movement against Barrett Devs ABOVE 562.8 should improve accelera ……..
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View Previous Barrett Devs & Big Picture ***
LSE:HSBA HSBC Close Mid-Price: 651.1 Percentage Change: -1.88% Day High: 662.1 Day Low: 651.7
Above 672 should next give some real hope, calculating with the potential ……..
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View Previous HSBC & Big Picture ***
LSE:IPF International Personal Finance. Close Mid-Price: 161 Percentage Change: + 0.00% Day High: 165 Day Low: 160
Continued trades against IPF with a mid-price ABOVE 165 should improve th ……..
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View Previous International Personal Finance & Big Picture ***
LSE:SPX Spirax Close Mid-Price: 7355 Percentage Change: -1.87% Day High: 7505 Day Low: 7305
In the event Spirax experiences weakness below 7305 it calculates with a ……..
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View Previous Spirax & Big Picture ***
LSE:TW. Taylor Wimpey. Close Mid-Price: 165.55 Percentage Change: + 1.04% Day High: 165.35 Day Low: 163.3
Target met. All Taylor Wimpey needs are mid-price trades ABOVE 165.35 to ……..
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View Previous Taylor Wimpey & Big Picture ***