Trends And Targets

#VERSARIEN #CAC40 #Nasdaq  We’ve been short staffed this week, a “man down” situation thanks to unexpected chemotherapy. This evening, while reviewing the bloodbath which occurred on the market during Wednesday, the person who usually writes this headline piece phoned to discuss a real bloodbath.

It seems falling asleep with an IV Drip attached can be hilarious, if you wake up with a violent start. In the space of a few seconds, he turned his hospital room into something similar to a special effects crime scene, waving a tube squirting blood from his hand around. In the final analysis, nurses advise very little blood was lost and it just looked very, very, bad. Hopefully this proves similar behaviour to Versarien’s on 10th October, along with the wider markets.

 

The visuals against VRS do provide a little problem. Near term weakness below just 140p logically introduces 137p as a point at which we would hope for a bounce. The big problem comes if 137p breaks, thanks to 107p calculating as “bottom” on the immediate movement cycle.

At this level, the price meets the uptrend since 2017 and there are compelling arguments favouring a bounce, if 107p makes an appearance. To be honest, we do suspect this shall prove the intention.

How can it get out of trouble?

 

Any bounce requires exceed 176p to give some hope for the future. A move such as this anticipates 196p, essentially matching prior highs. If bettered, even slightly, the shares track record of outperformance calculates with 218p.

For now, we fear this shall not becomes interesting until 107p rears its bottom.

FUTURES

	Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
	9:33:35PM	BRENT	82.38									Success
	9:37:20PM	GOLD	1194.2									‘cess
	9:41:03PM	FTSE	7054									Success
	9:45:33PM	FRANCE	5171.7	5155	5113	5088	5226	5226	5295	5321	5195	‘cess
	9:49:29PM	GERMANY	11604									Success
	9:54:45PM	US500	2773.8									Success
	10:00:51PM	DOW	25433									Success
	10:11:51PM	NASDAQ	6983	6976	6967	6909	7002	7242	7439.75	7506	7174	Success

#VODAFONE (LSE:VOD) This lots share price has behaved with similarity to one of these mobile phone contracts which once was a good idea, now rather less so. In fact, if we dwell of the movement the market made at the start of 2018, it was almost like an immoral advertising campaign to reel in some suckers. Continue reading “Trends and Targets for 10/10/2018”

Banks, Brexit, Banksy & Pink Elephants. The Retail Sector know a sure fire way to galvanise trade is to change things around. At TaT, one of the team tells a story from the 1980’s, when he bet he could sell 100 Pink Elephant soft toys in a week. By changing display priorities in his petrol station, it became Pink Elephant hell with the oversized monstrosities selling for 10 quid each. He had paid 2 quid. Continue reading “Trends and Targets for 09/10/2018”

Whether it’s PopMaster on Radio 2 (One Year Out!), Eggheads, or even The Chase, we constantly witness people talking themselves out of the right answer. We did it ourselves with the FTSE on Friday. From our perspective, it was drop dead obvious the index was heading to 7338 but then, made the mistake of questioning it. Continue reading “Trends and Targets for 08/10/2018”

FTSE for FRIDAY #GOLD #DAX We remain fascinated from where people view our #FTSE Friday article. Last week, Reunion Island popped into the list of countries but to be fair, the UK and USA are pretty far ahead at the top of the leader board. But for the 2 folk on Reunion, thanks for visiting. You can be confident Google Satellite was used to tour your amazing island! Continue reading “Trends and Targets for 5/10/2018”

#Greggs #SP500 #NK225 Covering #GKP was traditionally a subject fraught with danger. Despite record numbers of page views, we didn’t (yet) receive a single complaint. Perhaps we need be more “clickbaitish”! However, our traditional non-dramatic approach is easier to live with. Continue reading “Trends and Targets for 4/10/2018”

Gulf Keystone #Nasdaq #CAC40 Once the lawn has been given its last cut of the year, an inevitability establishes itself when realising the next big deal ahead is Xmas. While always something to look forward to, the chaos in the intervening period can be a nuisance. In the case of #GKP, we think it’s had its equivalent of “the final cut”, hopefully saying goodbye to the reaper and instead looking forward to some good times. Continue reading “Trends and Targets for 3/10/2018”