Cineworld Group Plc (LSE:CINE) Perhaps a whimsical fancy but are we edging toward an era, when a ‘Herr Flik’ character shall demand to see our papers, if we attempt to have a night at the movies? Across Europe, a Vaccine Passport appears to be essential, if the holder wants to go to the theatre, cinema’s, restaurants, etc. It shall certainly prove quirky, watching a film showing a dramatic, oppressive regime, fresh in the knowledge we’d to prove our status to view it!
Cineworld share price successfully achieved the target levels given in our review last November. Perhaps more importantly, for a brief period, the share price closed a few sessions above 110p and enjoyed March basking in the realms of unvaccinated optimism for the future. Invariably, the price has fallen back and presents the possibility of some near term opportunity. The reason we were focussed on the 110p level is worth remembering. Closure above this level presented a Big Picture calculation which allowed future price recovery toward 185p. As always with Big Picture calculations, the actual path taken can never be given, just a strong possibility of a target being viable for those blessed with infinite patience.
However, near term, there’s an issue with the price. Presently trading around 66p, it needs below 56p to confirm the threat of reversal to 44p and hopefully yet another bounce. Should the share actually close a session below 44p, there’s a very real threat of ongoing reversal to 17p. We suspect the movie chain will need screen the movie Cats for such a disaster to unfold but visually, such a vile target makes some sense. It matches the lows of 2020 and presents an ideal spot for a proper bounce.
Near term, we shall be more interested if the share price manages above 70p as this allows recovery to an initial 82p. If bettered, we can calculate a secondary at 102p. In the event the share price manages above 102p, it once again enters a realm where future promotion to an eventual 185p becomes possible.
For now, we suspect it intends head toward 44p, hopefully failing to break such a level and giving a fairly strong level to rebound from.
|Time Issued||Market||Price At Issue||Short Entry||Fast Exit||Slow Exit||Stop||Long Entry||Fast Exit||Slow Exit||Stop||Prior|
26/07/2021 FTSE Closed at 7025 points. Change of -0.03%. Total value traded through LSE was: £ 4,475,417,848 a change of 19.69%
23/07/2021 FTSE Closed at 7027 points. Change of 0.85%. Total value traded through LSE was: £ 3,739,108,834 a change of -21.27%
22/07/2021 FTSE Closed at 6968 points. Change of -0.43%. Total value traded through LSE was: £ 4,748,992,590 a change of -28.77%
21/07/2021 FTSE Closed at 6998 points. Change of 1.7%. Total value traded through LSE was: £ 6,667,496,815 a change of 20.91%
20/07/2021 FTSE Closed at 6881 points. Change of 0.54%. Total value traded through LSE was: £ 5,514,441,062 a change of 18.32%
19/07/2021 FTSE Closed at 6844 points. Change of -2.34%. Total value traded through LSE was: £ 4,660,799,780 a change of -7.14%
16/07/2021 FTSE Closed at 7008 points. Change of -0.06%. Total value traded through LSE was: £ 5,019,385,780 a change of -1.58%
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 firstname.lastname@example.org. 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:BARC Barclays** **LSE:BLOE Block Energy PLC** **LSE:CAR Carclo** **LSE:DDDD 4D Pharma** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GLEN Glencore Xstra** **LSE:IGG IG Group** **LSE:POLY Polymetal** **LSE:RKH Rockhopper** **LSE:SCLP Scancell** **LSE:SPX Spirax** **LSE:ZOO Zoo Digital** **
Updated charts published on : Barclays, Block Energy PLC, Carclo, 4D Pharma, Fresnillo, Genel, Glencore Xstra, IG Group, Polymetal, Rockhopper, Scancell, Spirax, Zoo Digital,
LSE:BARC Barclays. Close Mid-Price: 169.44 Percentage Change: + 1.39% Day High: 169.94 Day Low: 163.2
Continued weakness against BARC taking the price below 157 calculates as l ……..
LSE:BLOE Block Energy PLC. Close Mid-Price: 2.35 Percentage Change: + 0.00% Day High: 2.38 Day Low: 2.15
Continued weakness against BLOE taking the price below 2.15 calculates as ……..
LSE:CAR Carclo Close Mid-Price: 47.3 Percentage Change: -0.42% Day High: 49.6 Day Low: 46.5
Above 50 allegedly points at 56.75 next with secondary, if bettered, worki ……..
LSE:DDDD 4D Pharma Close Mid-Price: 83.4 Percentage Change: -0.95% Day High: 84.3 Day Low: 81.4
In the event 4D Pharma experiences weakness below 81.4, it still calculat ……..
LSE:FRES Fresnillo. Close Mid-Price: 759 Percentage Change: + 1.85% Day High: 762.2 Day Low: 742.8
If Fresnillo experiences continued weakness below 742.5 it will invariably ……..
LSE:GENL Genel. Close Mid-Price: 147 Percentage Change: + 5.30% Day High: 148.6 Day Low: 135
If this will even manage above 153, it gives hope the price has bottomed a ……..
LSE:GLEN Glencore Xstra. Close Mid-Price: 326.2 Percentage Change: + 3.31% Day High: 327.75 Day Low: 315.9
Above 328 should now attempt an initial 334 with secondary, if bettered, a ……..
LSE:IGG IG Group. Close Mid-Price: 880 Percentage Change: + 1.21% Day High: 896 Day Low: 858
Ongoing trades above 896 now are pointing at an initial 924. If exceeded, ……..
LSE:POLY Polymetal Close Mid-Price: 1518.5 Percentage Change: -0.10% Day High: 1532.5 Day Low: 1514
In the event Polymetal experiences weakness below 1514, it calculates with ……..
LSE:RKH Rockhopper. Close Mid-Price: 9.55 Percentage Change: + 9.77% Day High: 10.5 Day Low: 9.2
Target Met. It moved! Now above 10.5 calculates with an initial ambition o ……..
LSE:SCLP Scancell. Close Mid-Price: 20.5 Percentage Change: + 0.00% Day High: 20.5 Day Low: 19.75
Ongoing weakness below 19 suggests 17.1p as a potential bottom. Visually, ……..
LSE:SPX Spirax Close Mid-Price: 14620 Percentage Change: -0.20% Day High: 14760 Day Low: 14575
Target Met. There are signs this may be doing something as the price shuff ……..
LSE:ZOO Zoo Digital. Close Mid-Price: 137.5 Percentage Change: + 3.77% Day High: 137.5 Day Low: 132.5
Above 138 still indicates the potential of growth to an initial 148p. If e ……..