#Gold #Nasdaq As we’re on the day of the UK’s Guy Fawkes day, along with the US election, it makes some sense for us to review one of the more accomplished firework manufacturers in the UK. Chemring present a website with an impressive range of flares and countermeasures, a listing which stops just short of “Add To Basket” and “PayPal Here” options. The news the company have won an impressive contract surely shall do the share price no harm, though a victory in the USA for Mr Trump may not be greeted by euphoria, given his intention is to calm down wars affecting his country.
We feel justified in smiling at the description of the contract win, a 12 year framework to supply the energetic components to a German weapons system. Presumably, it’s something better than an animated alarm clock, shaking a sleeping Acme box, while a weapon closes in on a target pasted on Will E Coyote’s back. It’d certainly be a perfect illustration of a British weapon manufacturer bring fun back into war zones…
Something seems to be happening with Chemring share price as breaking through a downtrend since 2011 certainly provides some positive perspective for the future. It is currently the case where above just 377p should trigger movement to an initial 417p with our secondary, if beaten, calculating at a longer term 551p. Or to be plain, it is worth watching.
If things intend go wrong, CLOSURE below 350 looks stuffed full of problems as this risks triggering reversal to an initial 306 with our secondary, if broken, at 269p. Visually, such a trauma would return the price into the mess with which it has found itself since 2022, giving an excellent reason for a bounce into the future.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:25:17PM | BRENT | 7517 | |||||||||
| 11:27:42PM | GOLD | 2735.98 | 2732 | 2728 | 2707 | 2741 | 2748 | 2751 | 2757 | 2738 | |
| 11:39:09PM | FTSE | 8172 | |||||||||
| 11:42:32PM | STOX50 | 4839.3 | |||||||||
| 11:46:28PM | GERMANY | 19117 | |||||||||
| 11:50:02PM | US500 | 5711.9 | |||||||||
| 11:53:37PM | DOW | 41796 | |||||||||
| 11:56:20PM | NASDAQ | 19965 | 19950 | 19838 | 19729 | 20020 | 20060 | 20092 | 20141 | 20005 | |
| 11:58:47PM | JAPAN | 38366 |
4/11/2024 FTSE Closed at 8184 points. Change of 0.09%. Total value traded through LSE was: £ 4,260,964,543 a change of -16.92%
1/11/2024 FTSE Closed at 8177 points. Change of 0.83%. Total value traded through LSE was: £ 5,128,610,563 a change of -23.79%
31/10/2024 FTSE Closed at 8110 points. Change of -0.6%. Total value traded through LSE was: £ 6,729,759,967 a change of 2.02%
30/10/2024 FTSE Closed at 8159 points. Change of -0.73%. Total value traded through LSE was: £ 6,596,818,520 a change of 3.77%
29/10/2024 FTSE Closed at 8219 points. Change of -0.8%. Total value traded through LSE was: £ 6,356,988,335 a change of 37.02%
28/10/2024 FTSE Closed at 8285 points. Change of 1.68%. Total value traded through LSE was: £ 4,639,447,546 a change of -2.07%
25/10/2024 FTSE Closed at 8148 points. Change of -1.46%. Total value traded through LSE was: £ 4,737,422,038 a change of -5.81% 
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:FGP Firstgroup** **LSE:IQE IQE** **LSE:NWG Natwest** **LSE:STAN Standard Chartered** **LSE:TRN The Trainline** **
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Updated charts published on : Firstgroup, IQE, Natwest, Standard Chartered, The Trainline,
LSE:FGP Firstgroup Close Mid-Price: 135 Percentage Change: -0.15% Day High: 136.6 Day Low: 128.6
Target met. In the event Firstgroup experiences weakness below 128.6 it c ……..
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View Previous Firstgroup & Big Picture ***
LSE:IQE IQE Close Mid-Price: 11.32 Percentage Change: -3.58% Day High: 11.8 Day Low: 11.16
Continued weakness against IQE taking the price below 11.16 calculates as ……..
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View Previous IQE & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 385.1 Percentage Change: + 2.61% Day High: 389.3 Day Low: 374.6
In the event of Natwest enjoying further trades beyond 389.3, the share s ……..
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View Previous Natwest & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 919.8 Percentage Change: + 0.66% Day High: 923.8 Day Low: 906.4
Target met. Continued trades against STAN with a mid-price ABOVE 923.8 sh ……..
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View Previous Standard Chartered & Big Picture ***
LSE:TRN The Trainline. Close Mid-Price: 397 Percentage Change: + 2.27% Day High: 397.6 Day Low: 383.8
In the event of The Trainline enjoying further trades beyond 397.6, the s ……..
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View Previous The Trainline & Big Picture ***