#Gold #Nasdaq We previously reviewed this back in June, allocating a target of 68.2 and the potential of the share price taking the important step of regaining a 4 year old uptrend. This is usually a big deal, something important, as it generally signifies a share price which intends head higher, potentially a lot higher. And this is where it all went wrong!
The price certainly regained the uptrend, even exceeding our target and reaching 86p briefly, then it dropped like a stone, eventually deciding 52p was a bottom. Then it bounced, again exceeding the Red line since 2020. We’re inclined to view the Red uptrend as a “fake”, something the market is ignoring. Using a Green crayon, we’ve illustrated yet another uptrend since 2020, one which may prove of interest in the future. We habitually examine how share prices move in relation to established trend lines as these dance steps invariably give away the game. In this instance, we’re simply not sure as to the markets intention. Regular readers will be aware of our inherent bias in favour of serious healthcare companies such as this. From a personal perspective, every 28 days, I’ve to attend “the unit” where they pump a litre of stuff into my bloodstream over a prolonged period. The stuff is quite clever, floating around internally, wearing short skirts, high heals, and flimsy clothing, designed to attract nasty leukaemia cells.
Eventually, a nasty cells succumbs to temptation, attempting to dominate what it thought was an innocent but attractive white blood cell. The “stuff” does its thing, encapsulating the nasty cell, eventually contracting and destroying it. When the human host of this internal battle goes for a pee, it’s fairly common to question just what produced such a funky colour. It all makes sense, if you’re doing chemo, you are advised to drink a minimum of 2 litres of liquid a day. The reason is simple, the body needs flush out dud cancer cells but the patient generally becomes an expert of the location of public toilets or car parking adjacent to some discrete bushes.
Movements of Avacta share price seem to be replicating the human kidney, not knowing what to do with what’s going on. Due to the price exceeding our secondary target in July, August, and September, we’re inclined toward some hope for the future. It’s also trading above our emergency Green line on the chart below, perhaps an indication the Red trend line was a fake. If we’re correct in this piece of paranoia, above just 68 should now prove useful, allegedly capable of triggering share price recovery to an initial 80p with our secondary, if bettered, at 96p, along with an expected pause for thought.
Of course, our alternate scenario warns of danger below 61p bringing reversal to an initial 42p with our secondary, if broken, a less certain 28p.
Sorry we cannot be more precise for those who emailed. If the Green line is indeed important, a bounce should be imminent but overall, we’re a little confused.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:09:20PM | BRENT | 7361 | Success | ||||||||
| 11:13:47PM | GOLD | 2627.21 | 2614 | 2606 | 2597 | 2624 | 2635 | 2638 | 2646 | 2626 | |
| 11:17:05PM | FTSE | 8258.9 | |||||||||
| 11:19:23PM | STOX50 | 4889.7 | |||||||||
| 11:27:03PM | GERMANY | 18862 | ‘cess | ||||||||
| 11:34:12PM | US500 | 5713.8 | |||||||||
| 11:37:35PM | DOW | 42075.5 | |||||||||
| 11:40:12PM | NASDAQ | 19827 | 19730 | 19705 | 19629 | 19866 | 19933 | 20019 | 20117 | 19857 | |
| 11:43:58PM | JAPAN | 38311 |
23/09/2024 FTSE Closed at 8259 points. Change of 0.35%. Total value traded through LSE was: £ 4,300,418,012 a change of -66.74%
20/09/2024 FTSE Closed at 8230 points. Change of -1.18%. Total value traded through LSE was: £ 12,930,077,535 a change of 99.09%
19/09/2024 FTSE Closed at 8328 points. Change of 0.91%. Total value traded through LSE was: £ 6,494,685,893 a change of -5.91%
18/09/2024 FTSE Closed at 8253 points. Change of -0.67%. Total value traded through LSE was: £ 6,902,679,441 a change of 22.65%
17/09/2024 FTSE Closed at 8309 points. Change of 0.37%. Total value traded through LSE was: £ 5,628,109,018 a change of 50.11%
16/09/2024 FTSE Closed at 8278 points. Change of 0.06%. Total value traded through LSE was: £ 3,749,335,232 a change of -16.44%
13/09/2024 FTSE Closed at 8273 points. Change of 0.4%. Total value traded through LSE was: £ 4,486,905,265 a change of -19.07% 
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:BME B & M** **LSE:FGP Firstgroup** **LSE:HIK Hikma** **LSE:IQE IQE** **LSE:MKS Marks and Spencer** **LSE:RR. Rolls Royce** **LSE:SPX Spirax** **LSE:TERN Tern Plc** **
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Updated charts published on : B & M, Firstgroup, Hikma, IQE, Marks and Spencer, Rolls Royce, Spirax, Tern Plc,
LSE:BME B & M Close Mid-Price: 410.1 Percentage Change: -2.57% Day High: 416.6 Day Low: 401.9
Target met. Continued weakness against BME taking the price below 401.9 c ……..
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View Previous B & M & Big Picture ***
LSE:FGP Firstgroup. Close Mid-Price: 145.8 Percentage Change: + 0.07% Day High: 148.7 Day Low: 141.9
Target met. Weakness on Firstgroup below 141.9 will invariably lead to 13 ……..
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View Previous Firstgroup & Big Picture ***
LSE:HIK Hikma Close Mid-Price: 1873 Percentage Change: -1.52% Day High: 1912 Day Low: 1876
Continued weakness against HIK taking the price below 1876 calculates as ……..
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View Previous Hikma & Big Picture ***
LSE:IQE IQE Close Mid-Price: 16.8 Percentage Change: -1.87% Day High: 17.62 Day Low: 16.8
Continued weakness against IQE taking the price below 16.8 calculates as ……..
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View Previous IQE & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 376 Percentage Change: + 1.76% Day High: 377.2 Day Low: 371.9
Continued trades against MKS with a mid-price ABOVE 377.2 should improve ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 530.2 Percentage Change: + 0.76% Day High: 530.6 Day Low: 522.8
Continued trades against RR. with a mid-price ABOVE 530.6 should improve ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 7170 Percentage Change: + 0.14% Day High: 7200 Day Low: 7100
Weakness on Spirax below 7100 will invariably lead to 6972p with secondar ……..
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View Previous Spirax & Big Picture ***
LSE:TERN Tern Plc Close Mid-Price: 1.1 Percentage Change: -8.33% Day High: 1.2 Day Low: 0.95
In the event Tern Plc experiences weakness below 0.95 it calculates with ……..
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View Previous Tern Plc & Big Picture ***