Harbour Energy Plc is looking positive

#Brent #Gold

To judge by emails received, quite a few folk are paying attention to Harbour Energy (was once Premier Oil). Billed as the UK’s largest independent oil and gas business, there are a few reasons to suppose something important is happening with this FTSE 250 components share price as it’s behaviour is at odds with the wider market.

Viewing the obvious downtrend since 2020, not only has the price managed to break through this Blue trend line, the market opted to gap it up (circled in Red), thus giving a reasonable hope the stock market has a cunning plan in store. For the longer term, we shall be a little cautious and not get terribly excited until such time the price closes above the previous share price high before the trend break, therefore we’ll be looking for share price closure above 530p.

Thankfully, from an immediate perspective, the situation exists which needs the price to trade above 506p to hopefully trigger ongoing price recovery to an initial 536p. This will certainly take it into a region where closure above 530p becomes possible. Our secondary, should 536p be exceeded, works out at 581p, along with an uncomfortable “however…”. Achieving 581p shall be a really big deal, displaying an official “higher high” and forcing us to admit the share price is trading in a zone where long term recovery to 771p becomes possible. Of course, it’s also worth remembering this is a share in the oil market, an area where price volatility is a currently a way of life.

 

If everything intends go horribly wrong, the share price needs trade below 420p as this calculates with the potential of reversal to an initial 407p. If broken, our secondary works out down at 390p along with the potential of a reasonable rebound. The price needs break below Red on the chart, currently 306p, to justify utter panic.

Perhaps worthy of some research.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:12:53PM BRENT 93.83 91.41 90.06 88.34 93.35 95.22 95.52 96.22 93
9:15:07PM GOLD 1696 1693 1687 1671 1707 1707 1709 1713 1701
9:18:52PM FTSE 7306.18 ‘cess
9:33:31PM STOX50 3585
9:36:18PM GERMANY 13100 ‘cess
9:38:25PM US500 3954
9:42:34PM DOW 31183
9:44:55PM NASDAQ 12168
9:48:36PM JAPAN 27964
14/09/2022 FTSE Closed at 7277 points. Change of -1.46%. Total value traded through LSE was: £ 5,760,077,523 a change of 12.58%
13/09/2022 FTSE Closed at 7385 points. Change of -1.18%. Total value traded through LSE was: £ 5,116,295,478 a change of -13.94%
12/09/2022 FTSE Closed at 7473 points. Change of 1.66%. Total value traded through LSE was: £ 5,944,877,720 a change of 11.08%
9/09/2022 FTSE Closed at 7351 points. Change of 1.23%. Total value traded through LSE was: £ 5,351,894,776 a change of 1.51%
8/09/2022 FTSE Closed at 7262 points. Change of 0.35%. Total value traded through LSE was: £ 5,272,168,524 a change of -28.82%
7/09/2022 FTSE Closed at 7237 points. Change of -0.86%. Total value traded through LSE was: £ 7,407,245,342 a change of 30.74%
6/09/2022 FTSE Closed at 7300 points. Change of 0.18%. Total value traded through LSE was: £ 5,665,778,730 a change of 28.88%

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:AML Aston Martin** **LSE:EZJ EasyJet** **LSE:HIK Hikma** **LSE:ITM ITM Power** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:PPC President Energy** **LSE:SDY Speedyhire** **LSE:TSCO Tesco** **LSE:VOD Vodafone** **

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Updated charts published on : Aston Martin, EasyJet, Hikma, ITM Power, National Glib, Ocado Plc, Primary Health, President Energy, Speedyhire, Tesco, Vodafone,

LSE:AML Aston Martin Close Mid-Price: 153.7 Percentage Change: -2.26% Day High: 154.85 Day Low: 139.9

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LSE:EZJ EasyJet Close Mid-Price: 347 Percentage Change: -1.89% Day High: 348.1 Day Low: 336

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LSE:HIK Hikma Close Mid-Price: 1242 Percentage Change: -1.93% Day High: 1276 Day Low: 1235.5

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LSE:ITM ITM Power Close Mid-Price: 115.25 Percentage Change: -24.77% Day High: 132.9 Day Low: 108.8

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LSE:NG. National Glib Close Mid-Price: 1053.5 Percentage Change: -2.45% Day High: 1080 Day Low: 1047.5

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LSE:OCDO Ocado Plc Close Mid-Price: 623.2 Percentage Change: -8.24% Day High: 678.4 Day Low: 615.4

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LSE:PHP Primary Health Close Mid-Price: 130.5 Percentage Change: -1.44% Day High: 134 Day Low: 130.8

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LSE:PPC President Energy Close Mid-Price: 1.15 Percentage Change: -2.13% Day High: 1.18 Day Low: 1.15

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LSE:SDY Speedyhire Close Mid-Price: 38.2 Percentage Change: -2.68% Day High: 39.65 Day Low: 37.8

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LSE:TSCO Tesco Close Mid-Price: 237.3 Percentage Change: -3.26% Day High: 245.7 Day Low: 236.6

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LSE:VOD Vodafone Close Mid-Price: 107.12 Percentage Change: -1.81% Day High: 108.8 Day Low: 106.64

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*** End of “Updated Today” comments on shares.

Persimmon Plc, not a fruit…

#FTSE #Nasdaq In 2019, China produced 75% of the world total of persimmon! We always thought they were just UK housebuilders, famed for paying their senior staff eye-watering, record breaking, bonus’s, then asking them to leave! It’s funny, a personal grudge against Persimmon has nothing to do with their historically famed build quality failings but instead, for spoiling a view.

Once upon a time, I’d leave for work around 8am, sometimes stopping to take a snapshot of the Clyde Valley, the place where Glasgow is located, as it could look truly spectacular spread out below. I was lucky enough to live at the top of the hills which comprised the southern side of the valley. And then one day, everything changed. A big sign appeared, announcing Persimmon Homes were about to build houses just at the point where I’d sometimes stop and it seemed, within weeks, my view was gone forever. In the years which followed, it was always a major puzzle why the small estate of large houses had not been built to take advantage of the often stunning view. Eventually, the penny dropped it was doubtless economics, being able to squeeze in an extra house or two proving more attractive than visual aesthetics.

 

As for their share price, it’s currently behaving as if someone has blocked their view of direction as it seems to want to go down.

When the Pandemic Drop happened in 2020, Persimmon share price closed at 1534p despite reaching 1367p with intraday hysterics. This has created the awkward situation where the share price is currently giving a “lower low” in terms of closing price but not a “lower low” in terms of intraday range. Unfortunately, plenty of unpleasant experience has taught Closing Prices tend provide a safer indicator for market direction, so we’re inclined to anticipate the worst for Persimmon.

Movement now below 1398p (the most recent intraday low) calculates with the potential of ongoing reversal to an initial 1259p, visually alarming but hopefully capable of a bounce. The bigger problem occurs, should such a level break, as our secondary target works out at 799p, a price level where a solid rebound almost must happen. Should it ever appear.

Thankfully, the share price doesn’t need try terribly hard to extract itself from this trench its digging, needing above 1670p to ideally trigger near term recovery to 1777 with secondary, if bettered, at 1901p and almost certain hesitation, due to historical movements. Above 1901p and we shall need take another look at the tea leaves.

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop PriorFUTURES
 

9:50:33PM

BRENT 92.97                 Shambles
9:52:25PM GOLD 1702.6                 Success
10:01:31PM FTSE 7342 7318 7295 7222 7391 7406 7426 7462 7368 Shambles
10:03:47PM STOX50 3561.8                
10:05:07PM GERMANY 13096                
10:07:43PM US500 3937                
10:09:51PM DOW 31144                
10:11:39PM NASDAQ 12050 12001 11829 11478 12256 12326 12384 12512 12178
10:12:51PM JAPAN 27848         Nothing springs to mind!

Scotgold Resources plus Codan Ltd (AUD), our final gold story

#Gold #Dax

It makes sense to finish our unintended series about Gold with a look at Scotgold, along with a leading manufacturer of metal detecting equipment which is listed on the Australian exchange. We received a few emails suggest we try metal detecting our stream. Needless to say, a detector was purchased some time ago and every year, it proves extraordinarily useful.

The particular detector (okay, it was a Xmas present) is able to detect Gold and is also able to operate under water, making it ideal to work the garden stream. We quickly ascertained the easiest way to operate it as the machine has an astonishing vocal range, putting 1980’s computer modems to shame. It was simply a matter of tossing my wife’s jewellery in the stream, then fiddling with the controls until the right tone was discovered which signified Gold, another recognising Silver, and yet another identifying a bracelet I’d bought which gave an identical tone to that broadcast from a 50p coin…

Once the jewellery was dried off and returned, it was time for Wellington boots and a slow, methodical, plod up the stream gulley. Sometimes, the most simple jobs have a way of expanding and this “fun” exercise proved no different than any other. The gulley was pretty impassable in places, bramble bushes growing across at face level and quite a few rhododendron bushes also demanding any Gold detecting be carried out while kneeling in the water. Obviously, it was chainsaw time until a discrete pampas grass fouled the machine, stopping it completely until the chain was removed and the indestructible plant removed. An entire day was wasted, attempting to clear an easy path to enable a decent search. The following morning, another attempt allowed about 20 yards of stream bed to be scanned, revealing absolutely nothing except some rusty nails. Inevitably, it rained, and the detector made its way into the boiler room, forgotten until a particular event every year.

Our lawn has one of the spinning clothes drier things, removed into the shed over winter. By the time it’s remembered the following year, the grass has completely overgrown the hole the spiny thing fits into but we’ve a solution. The metal detector is removed from its lair, its batteries are charged, and within a couple of minutes, the metal sleeve for the clothes drier has again been discovered. Our theory about its inability to detect Gold in the stream is two-fold. Firstly, there probably isn’t any and if there is, the detector is unable to identify particles of the metal which are smaller than a grain of sand. A detector apparently likes to discover nuggets of Gold, not tiny flakes which have been ground down by millennia of rushing water coming down the mountain behind our house.

 

Scottish Gold miner, Scotgold, are not far from us and claim to have around 4 tons of Gold hiding in their mountain at Tyndrum, Argyll. Their production figures for this year have been impressive and we’ll admit, we’d completely forgotten about the Silver extraction potentials.

Visually, the markets don’t seem terribly impressed with the company share price doing very little since 2021. Hopefully, at some point the markets pay attention to the quantity now being extracted from the ground with a commensurate change in the share price value. At present, above 71p looks capable of triggering movement to an initial 80p with our secondary, should this level be exceeded, working out at a more useful 94p. From a longer term perspective, both these movements are liable to prove useful, exceeding the Blue downtrend since 2011 and giving considerable hope for the future.

If things intend go horribly wrong, always a possibility with world Gold prices behaving irrationally, below just 59.16p looks troubling, calculating with the potential of provoking reversals to an initial 51 with secondary, if broken, down at 35p.

Codan Ltd (ASX:CDA) From a glance at their website, Codan appear to be producing professional detection equipment for the mining industry, rather than the type of machine used in our back garden. But we still doubt they would have detected the 6 grains of powdered gold discovered last week!

Their share price is looking a little problematic currently, suggesting weakness continuing below 6 Aus dollars risks promoting reversal down to 4.57 and hopefully a proper bounce. There is a serious problem should the 4.57 level break as the share price enters a zone with an ultimate bottom down at an eventual 0.77 Aus dollars.

However, the price only needs exceed 6.8 to give some immediate hope, apparently capable of triggering moves to an initial 8.5 with secondary, if bettered, at 9.9 Aus dollars.  For now, we think it intends a visit to 4.57.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:00:55PM BRENT 93.85 Success
10:08:09PM GOLD 1724.85 1721 1717 1711 1729 1735 1740 1749 1725 ‘cess
10:11:07PM FTSE 7470 Success
10:13:40PM STOX50 3654 ‘cess
10:16:25PM GERMANY 13441 13224 13179 13090 13324 13446 13480 13523 13344 Success
10:18:32PM US500 4119.57 ‘cess
10:51:38PM DOW 32425 Success
10:53:43PM NASDAQ 12771 Success
10:56:28PM JAPAN 28571 ‘cess
12/09/2022 FTSE Closed at 7473 points. Change of 1.66%. Total value traded through LSE was: £ 5,944,877,720 a change of 11.08%
9/09/2022 FTSE Closed at 7351 points. Change of 1.23%. Total value traded through LSE was: £ 5,351,894,776 a change of 1.51%
8/09/2022 FTSE Closed at 7262 points. Change of 0.35%. Total value traded through LSE was: £ 5,272,168,524 a change of -28.82%
7/09/2022 FTSE Closed at 7237 points. Change of -0.86%. Total value traded through LSE was: £ 7,407,245,342 a change of 30.74%
6/09/2022 FTSE Closed at 7300 points. Change of 0.18%. Total value traded through LSE was: £ 5,665,778,730 a change of 28.88%
5/09/2022 FTSE Closed at 7287 points. Change of 0.08%. Total value traded through LSE was: £ 4,396,051,138 a change of -10.86%
2/09/2022 FTSE Closed at 7281 points. Change of 1.86%. Total value traded through LSE was: £ 4,931,431,269 a change of -2.21%

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:AML Aston Martin** **LSE:ASC Asos** **LSE:BLVN Bowleven** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **LSE:RBD Reabold Resources PLC** **

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Updated charts published on : Aston Martin, Asos, Bowleven, Lloyds Grp., Natwest, Reabold Resources PLC,

LSE:AML Aston Martin Close Mid-Price: 172.75 Percentage Change: -64.22% Day High: 203.1 Day Low: 160.1

Target Met. The damage to AML’s share price, obviously self inflicted than ……..

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LSE:ASC Asos. Close Mid-Price: 725 Percentage Change: + 7.65% Day High: 738.5 Day Low: 663

This is almost interesting as above 740 now calculates with a recovery pot ……..

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LSE:BLVN Bowleven Close Mid-Price: 4 Percentage Change: -11.11% Day High: 4.5 Day Low: 3.6

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 46.96 Percentage Change: + 2.13% Day High: 47.13 Day Low: 46.05

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LSE:NWG Natwest. Close Mid-Price: 269.5 Percentage Change: + 3.34% Day High: 269.6 Day Low: 261.9

Target met. All Natwest needs are mid-price trades ABOVE 269.6 to improve ……..

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LSE:RBD Reabold Resources PLC. Close Mid-Price: 0.49 Percentage Change: + 1.03% Day High: 0.53 Day Low: 0.48

Further movement against Reabold Resources PLC ABOVE 0.53 should improve ……..

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*** End of “Updated Today” comments on shares.

Lloyds Bank share price, positive thoughts.

#Brent #Stoxx50

Last week, we mentioned a chum who’s been spending his recovery time (heart bypass) lazily panning for gold in our garden stream. He’s finally returned home, along with a total of 6 tiny flakes of something golden coloured. Unfortunately, he also managed a little adventure, ascending the 7 metre cliff and taking a hard look at the stream gully. We’ve been lectured on where all the real gold must be trapped as he plans to visit again in a few months, getting serious with the job.

Trying to advise our gently babbling brook can prove less friendly, now the rains have started, didn’t convince him. But the roar of the waterfall on Sunday morning perhaps did the job, a conclusive rainfall during the night serving to make the little gurgling stream less friendly. Unfortunately, he discovered a natural dam above the waterfall and convinced himself this is where Mother Nature has been storing all her Gold for him to collect. Even once he recovers, the concept of fighting a strong current while digging 100’s of years of sediment sounds like an impossible task and we privately suspect his personal Gold Rush shall be delayed until May or June next year, when it’s again summer time here in Argyll.

However, there are early signs Gold may be found elsewhere as the UK markets are starting to look unusually positive.

 

Lloyds Bank share price is a case in point.

 

Three weeks ago, we’d felt the share needed trade above 47.3p to suggest happier times were ahead but the most recent four sessions are giving early signals for some slight hope. The immediate situation suggests traffic above 46.40p should now prove useful, calculating with the potential of generating a lift to 48.25p next. Visually, this looks extremely significant and allows us to present a secondary ambition at 51.4p. Once again, the visuals are interesting with this secondary target as it coincides with the downtrend since 2019, presenting itself as an ideal level where some hesitation should be anticipated.

Certainly, despite it proving easy to produce 62p as a third level target, we feel our 51.4p shall almost certainly provoke a stutter in a rising cycle.

For everything to go wrong, Lloyds share price needs drop below Red (presently 42.7p) as this threatens reversal to 40.5p and hopefully a bounce.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
10:17:15PM BRENT 91.92 90.7 90.385 89.61 91.67 92.71 93.1175 94 91.7
10:18:44PM GOLD 1717.83 1719
10:21:52PM FTSE 7384.77 7343
10:23:49PM STOX50 3583 3557 3552 3541 3577 3585 3610 3671 3555
10:25:45PM GERMANY 13128 13074
10:28:39PM US500 4066.27 4008
10:31:04PM DOW 32160 32118
10:33:42PM NASDAQ 12585 12506
10:40:21PM JAPAN 28409 28206

 

9/09/2022 FTSE Closed at 7351 points. Change of 1.23%. Total value traded through LSE was: £ 5,351,894,776 a change of 1.51%
8/09/2022 FTSE Closed at 7262 points. Change of 0.35%. Total value traded through LSE was: £ 5,272,168,524 a change of -28.82%
7/09/2022 FTSE Closed at 7237 points. Change of -0.86%. Total value traded through LSE was: £ 7,407,245,342 a change of 30.74%
6/09/2022 FTSE Closed at 7300 points. Change of 0.18%. Total value traded through LSE was: £ 5,665,778,730 a change of 28.88%
5/09/2022 FTSE Closed at 7287 points. Change of 0.08%. Total value traded through LSE was: £ 4,396,051,138 a change of -10.86%
2/09/2022 FTSE Closed at 7281 points. Change of 1.86%. Total value traded through LSE was: £ 4,931,431,269 a change of -2.21%
1/09/2022 FTSE Closed at 7148 points. Change of -1.87%. Total value traded through LSE was: £ 5,042,745,604 a change of -38.48%

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:CAR Carclo** **LSE:DARK Darktrace Plc** **LSE:RBD Reabold Resources PLC** **LSE:SCLP Scancell** **

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Updated charts published on : Carclo, Darktrace Plc, Reabold Resources PLC, Scancell,

LSE:CAR Carclo. Close Mid-Price: 19.5 Percentage Change: + 5.41% Day High: 19 Day Low: 17.55

Continued weakness against CAR taking the price below 17.55 calculates as ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 379.2 Percentage Change: + 12.49% Day High: 388 Day Low: 344.9

This is really bad, the definition of a dangerous GaGa movement (circled). ……..

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LSE:RBD Reabold Resources PLC. Close Mid-Price: 0.48 Percentage Change: + 16.87% Day High: 0.48 Day Low: 0.44

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LSE:SCLP Scancell. Close Mid-Price: 11.75 Percentage Change: + 8.05% Day High: 11.75 Day Low: 10.88

Continued weakness against SCLP taking the price below 10.88 calculates a ……..

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*** End of “Updated Today” comments on shares.

Our FTSE for Friday & Queen Victoria too.

#FTSE #Gold

Surely, it’s going to prove a little careless for the UK to lose both a Prime Minister and a Monarch in the same week? As the nation wakes up to realise its currency and postage stamps are no longer valid nor recognised by automatic readers, we had to turn to our chum who’s panning for gold in our garden stream for some solace. We spent the day on the mainland, he spent the day doing some research and also excavating the bottom of the stream.

It transpires the land to the left of our “garden” above the 7 mtr waterfall was once landscaped by the Lyle family, famed for their Tate & Lyle sugar empire. It had always been a puzzle, how we’ve a well defined avenue of old trees on one side, the stream gulley on the other, whereas the remnants of old walkways are still visible across the gulley and if we explore beyond the old trees, more walkways and overgrown ornamental waterways exist. Our chum developed an elaborate theory, perhaps tourist ferries docked at the local pier, folk making their way along the side of the stream, finally crossing a massive slate slab to make their way up the steep hill on an ornamental winding staircase (which still exists). And maybe our house was once where people would buy tickets as they enjoyed their day out. This actually does make some sense, except the title deeds jealously guarded the stream, waterfall, and access above the cliff back in 1834, when the tiny cottage was purchased from the sugar giants estates.

He spent some time digging gravel out below the slate slab, working on the theory tourists would have tossed coins into the water below, and was cheerfully sitting cross legged on the patio, panning his way through the results. Sure enough, he’d a few worn and battered Queen Victoria pennies, a badly corroded “spud gun”, remnants of an ancient vase, and another couple of tiny flecks of gold. Apparently, I am to spend Friday building something to vacuum two hundred years of detritus from below the slate bridge, making me think he should perhaps be told about the metal detector which resides in our boiler room.

Regardless of feelings for the monarch, it certainly appears no-one threw away lots of coins with Queen Victoria’s image, so doubtless current currency shall remain valid. However, should anyone wish to get rid of a lot of bank notes, we’ll be happy to take them. Equally hungry, doubtless, shall an industry will spring into being, offering the usually tacky souvenirs, most of which shall end in landfill within the next few years.

It’s an odd feeling, the end of an era as HRH had been a constant through the entirety of many of our lives. It had always been an anecdote of pride, the time I escaped a police roundup of children to forcibly wave a little Union Jack flag when she arrived on a remote Scottish station platform. Guess I’ll never do that again!

 

As for the FTSE for Friday, we’re not sure what’s going to happen. When a BBC news-reader did an oops, just after 3pm, announcing the death early, the market actually did a little blip downward before recovering as her rapidly deleted “oops” on Twitter did not constitute official news. The futures markets, when the official announcement appeared 3.5 hours later, barely twitched, so perhaps the death of someone in their 90’s isn’t a shocking surprise.

From the point at which the FTSE closed Thursday, some optimism appears possible for Friday.

Movement above 7274 points looks capable of triggering movement to an initial 7306 points, a visually believable ambition. If exceeded, our secondary calculates at 7369 points. Of course, with the nation in official mourning, we suspect the day shall prove rather subdued, perhaps with some reversals.

This being the case, below 7236 points risks being an issue, giving an initial drop target at 7208 points with secondary, if broken, a rather less likely bottom at 7154 points.

 

On the bright side, it’s the Italian Grand Prix this weekend, always a masterwork of even handed sportsmanship and support. Or in plain English, always worth a giggle! Have a good weekend.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:13:23PM BRENT 88.16 88 87.6 92.5 88.9 89.6 88.2
9:58:16PM GOLD 1708.25 1703 1699 1716 1728 1733 1713
10:00:52PM FTSE 7260 7173 7159 7243 7275 7299 7248 ‘cess
10:03:16PM STOX50 3508 3461 3447 3496 3524 3545 3494 Shambles
10:24:30PM GERMANY 12875 12686 12623 12818 12964 13088 12845
10:26:14PM SP500 4012 3941 3921 3974 4011 4024 3978 ‘cess
10:33:20PM DOW 31794 31300 31128 31535 31812 31967 31612 ‘cess
10:35:43PM NASDAQ 12344 12108 12035 12275 12374 12400 12242 Shambles
10:37:42PM JAPAN 28117 27795 27743 27979 28117 28228 27895 Success

 

8/09/2022 FTSE Closed at 7262 points. Change of 0.35%. Total value traded through LSE was: £ 5,272,168,524 a change of -28.82%
7/09/2022 FTSE Closed at 7237 points. Change of -0.86%. Total value traded through LSE was: £ 7,407,245,342 a change of 30.74%
6/09/2022 FTSE Closed at 7300 points. Change of 0.18%. Total value traded through LSE was: £ 5,665,778,730 a change of 28.88%
5/09/2022 FTSE Closed at 7287 points. Change of 0.08%. Total value traded through LSE was: £ 4,396,051,138 a change of -10.86%
2/09/2022 FTSE Closed at 7281 points. Change of 1.86%. Total value traded through LSE was: £ 4,931,431,269 a change of -2.21%
1/09/2022 FTSE Closed at 7148 points. Change of -1.87%. Total value traded through LSE was: £ 5,042,745,604 a change of -38.48%
31/08/2022 FTSE Closed at 7284 points. Change of -100%. Total value traded through LSE was: £ 8,197,472,854 a change of 0%

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:BBY BALFOUR BEATTY** **LSE:BT.A British Telecom** **LSE:DARK Darktrace Plc** **LSE:HIK Hikma** **LSE:IGAS Igas Energy** **LSE:ITV ITV** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:RMG Royal Mail** **LSE:SBRY Sainsbury** **LSE:TSCO Tesco** **LSE:VOD Vodafone** **

********

Updated charts published on : BALFOUR BEATTY, British Telecom, Darktrace Plc, Hikma, Igas Energy, ITV, Marks and Spencer, National Glib, Royal Mail, Sainsbury, Tesco, Vodafone,

LSE:BBY BALFOUR BEATTY. Close Mid-Price: 332 Percentage Change: + 1.03% Day High: 335 Day Low: 329.6

Further movement against BALFOUR BEATTY ABOVE 335 should improve accelera ……..

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LSE:BT.A British Telecom Close Mid-Price: 139.25 Percentage Change: -1.90% Day High: 141.65 Day Low: 138.3

In the event British Telecom experiences weakness below 138.3 it calculat ……..

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LSE:DARK Darktrace Plc Close Mid-Price: 337.1 Percentage Change: -34.52% Day High: 373 Day Low: 331.6

Target met. If Darktrace Plc experiences continued weakness below 331.6, ……..

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LSE:HIK Hikma Close Mid-Price: 1266.5 Percentage Change: -1.21% Day High: 1282 Day Low: 1244

Target met. Weakness on Hikma below 1244 will invariably lead to 1213 wit ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 106.5 Percentage Change: + 12.11% Day High: 110.5 Day Low: 81.8

Continued trades against IGAS with a mid-price ABOVE 110.5 should improve ……..

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LSE:ITV ITV Close Mid-Price: 62 Percentage Change: -3.58% Day High: 63.48 Day Low: 61.42

Continued weakness against ITV taking the price below 61.42 calculates as ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 116.85 Percentage Change: -4.22% Day High: 121.4 Day Low: 115.3

Continued weakness against MKS taking the price below 115.3 calculates as ……..

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LSE:NG. National Glib Close Mid-Price: 1066 Percentage Change: -0.61% Day High: 1078 Day Low: 1054

In the event National Glib experiences weakness below 1054 it calculates ……..

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LSE:RMG Royal Mail Close Mid-Price: 251.8 Percentage Change: -2.18% Day High: 263.1 Day Low: 247

Target met. Weakness on Royal Mail below 247 will invariably lead to 242 ……..

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LSE:SBRY Sainsbury Close Mid-Price: 197.6 Percentage Change: -4.54% Day High: 207.2 Day Low: 197.5

Weakness on Sainsbury below 197.5 will invariably lead to 193 with second ……..

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LSE:TSCO Tesco Close Mid-Price: 237.4 Percentage Change: -4.77% Day High: 248.6 Day Low: 237.8

Target met. In the event Tesco experiences weakness below 237.8 it calcul ……..

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LSE:VOD Vodafone Close Mid-Price: 107.9 Percentage Change: -2.07% Day High: 110.42 Day Low: 107.56

If Vodafone experiences continued weakness below 107.56, it will invariab ……..

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*** End of “Updated Today” comments on shares.

Ben’s Creek Group, useful coal

#Stoxx #Dow

A chum is visiting this week for some medical recovery time. He’s long had an ambition of panning for gold in our garden stream, due apparently to the presence of significant quantities of quartz and black magnetic sand. Both items, when found together, tick a box to indicate the presence of gold. While a quick Google check also revealed quartz and iron represent the two most comment mineral and element on the planet, he’s been having a great time with his gold panning kit.

To spice things up, it seemed a good idea to paint some pieces of lead gold and hide them in the stream. If he successfully found the lead, there was a chance his panning technique might also be correct. To both our amazement, he indeed discovered the lead, along with a two tiny specs of gold. As this was clearly a signal to “ramp things up”, he spent the afternoon with a hand trowel, digging at the bottom of the waterfall and depositing the dirt in a bucket. This evening, between countless cups of tea and lots of chocolate, he’s been panning the bucket of gravel without any eureka moments, also making plans to spend Thursday above the waterfall as there’s a large natural pool which “must” have trapped gold over the millennia. This is all because of two flecks of gold… greed being a familiar motivation which will be recognised by those who’ve watched TV’s Gold Rush & Bering Sea Gold shows.

Mining is a strange business.

 

It was with a heavy heart, I approached Ben’s Creek Group for analysis, pleased to discover they are mining for coal, also making sure everyone visiting their website knows they are producing Coal for Steel and not, Coal for Power. This is presumably due to the bad PR coal power stations receive but metallurgical coal is a critical component in the production of steel. The company are listed in the UK Aim market, owning and operating coal mines in North America. Needless to say, they own Ben’s Creek mining project in West Virginia, USA.

The company share price has enacted a fairly typical initial rise, following their launch last year. After a brief look above 100p, it has also enacted a fairly typical reversal, giving many signs the market really doesn’t want the price to fall lower. In an almost obligatory wealth warning, we can calculate trades below 30p risk digging a hole down to an initial 26p with secondary, if broken, at 20.5p. We’re making quite a big deal out of this as we cannot calculate anything below 20.5p which doesn’t involve the use of minus signs. While this is obviously impossible, the danger below 20.5p is of the share price finding itself enmeshed in misery and unable to recover, a bit like a UK voter when they listen to anything the new PM says.

If we choose to take encouragement from the close attention being paid to the Red uptrend, movement now above just 39p works out with an initial target of 42.4p with secondary, if bettered, a longer term 53p. For numbers above the 53p level, we shall need review the tea leaves again for this share’ future potentials.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:29:10PM BRENT 87.46 Success
9:31:25PM GOLD 1717.81 ‘cess
9:33:25PM FTSE 7251.41 Success
9:37:01PM STOX50 3523.3 3456 3430 3399 3493 3523 3543 3575 3493
9:41:47PM GERMANY 12992
9:43:55PM US500 3980
9:46:43PM DOW 31583 31156 31082 30891 31355 31655 31680 31917 31400 Success
9:49:13PM NASDAQ 12261 ‘cess
9:51:08PM JAPAN 27712
7/09/2022 FTSE Closed at 7237 points. Change of -0.86%. Total value traded through LSE was: £ 7,407,245,342 a change of 30.74%
6/09/2022 FTSE Closed at 7300 points. Change of 0.18%. Total value traded through LSE was: £ 5,665,778,730 a change of 28.88%
5/09/2022 FTSE Closed at 7287 points. Change of 0.08%. Total value traded through LSE was: £ 4,396,051,138 a change of -10.86%
2/09/2022 FTSE Closed at 7281 points. Change of 1.86%. Total value traded through LSE was: £ 4,931,431,269 a change of -2.21%
1/09/2022 FTSE Closed at 7148 points. Change of -1.87%. Total value traded through LSE was: £ 5,042,745,604 a change of -38.48%
31/08/2022 FTSE Closed at 7284 points. Change of -1.05%. Total value traded through LSE was: £ 8,197,472,854 a change of 27.31%
30/08/2022 FTSE Closed at 7361 points. Change of -100%. Total value traded through LSE was: £ 6,438,857,207 a change of 0%

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:BBY BALFOUR BEATTY** **LSE:ITM ITM Power** **LSE:PPC President Energy** **LSE:QFI Quadrise** **LSE:SCLP Scancell** **LSE:VOD Vodafone** **

********

Updated charts published on : BALFOUR BEATTY, ITM Power, President Energy, Quadrise, Scancell, Vodafone,

LSE:BBY BALFOUR BEATTY. Close Mid-Price: 328.6 Percentage Change: + 0.00% Day High: 332.4 Day Low: 326.6

Traffic now ^above 333 should built toward an initial 343 with secondary, ……..

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LSE:ITM ITM Power Close Mid-Price: 163.55 Percentage Change: -4.50% Day High: 164.95 Day Low: 154.8

Target Met. Now below 154 should be an issue, calculating with the potenti ……..

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LSE:PPC President Energy Close Mid-Price: 1.22 Percentage Change: -4.31% Day High: 1.25 Day Low: 1.18

Below 1.18 now suggests the potential of travel down to an initial 1.11 wi ……..

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LSE:QFI Quadrise Close Mid-Price: 1.12 Percentage Change: -9.68% Day High: 1.23 Day Low: 1.12

Target Met. Now below 1.12 looks capable of reversal to an initial 0.67 wi ……..

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LSE:SCLP Scancell Close Mid-Price: 11 Percentage Change: -2.22% Day High: 11.5 Day Low: 11

Weakness on Scancell below 11 will invariably lead to 9p. If broken, our s ……..

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LSE:VOD Vodafone Close Mid-Price: 110.18 Percentage Change: -2.65% Day High: 112.98 Day Low: 110.32

Target Met. Further weakness below 110 now indicates the potential of 104p ……..

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*** End of “Updated Today” comments on shares.

Ferrari, the gift which keeps giving.

#Gold #Nasdaq

Childhood memories of visiting the circus, clowns making a honking entrance between acts to tear around the ring, falling off bicycles, hanging off fire engines, and generally driving ridiculous cars, are being evoked with virtually every Grand Prix this year. Unfortunately, none of the clowns have big red noses, floppy ears and oversized shoes. Instead, they masquerade as the Ferrari pit crew, dressed impeccably but sometimes, all that’s lacking are those big honking horns.

The most recent race saw the pit crew rudely awakened when one of their cars appeared, all ran into place except one of them forgot a wheel. Cue instant chaos.

Obviously, it begs the question, how is Ferrari share price faring?

 

Visually, the answer appears to be not very well.

From an immediate perspective (another clown show potential this weekend, this time at Ferrari’s home circus arena) there’s a strong suggestion weakness now below 187 shall engage reversal to an initial 183. If broken, our secondary is at 173 and visually, there’s a reasonable hope for a bounce at such a level. We should warn, in the event 173 breaks, ongoing reversal to an eventual bottom (hopefully) down at 134 becomes extremely possible.

 

If Ferrari share price intends do anything useful, we’d regard trading above 205 as providing a reasonable signal as this “risks” triggering price recovery toward an initial 213. Should such a level be exceeded, our secondary calculates at 227.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:04:03PM BRENT 92.59 ‘cess
10:20:32PM GOLD 1702.51 1699 1693 1682 1715 1721 1731 1745 1709
10:22:23PM FTSE 7261.81 ‘cess
10:24:40PM STOX50 3481.2 ‘cess
10:28:58PM GERMANY 12810 Success
10:31:17PM US500 3908 Success
10:33:23PM DOW 31152 Success
10:41:45PM NASDAQ 12014 11920 11821 11607 12143 12240 12255 12366 12104 Success
10:43:36PM JAPAN 27547 ‘cess

 

6/09/2022 FTSE Closed at 7300 points. Change of 0.18%. Total value traded through LSE was: £ 5,665,778,730 a change of 28.88%
5/09/2022 FTSE Closed at 7287 points. Change of 0.08%. Total value traded through LSE was: £ 4,396,051,138 a change of -10.86%
2/09/2022 FTSE Closed at 7281 points. Change of 1.86%. Total value traded through LSE was: £ 4,931,431,269 a change of -2.21%
1/09/2022 FTSE Closed at 7148 points. Change of -1.87%. Total value traded through LSE was: £ 5,042,745,604 a change of -38.48%
31/08/2022 FTSE Closed at 7284 points. Change of -1.05%. Total value traded through LSE was: £ 8,197,472,854 a change of 27.31%
30/08/2022 FTSE Closed at 7361 points. Change of -0.89%. Total value traded through LSE was: £ 6,438,857,207 a change of 48.05%
26/08/2022 FTSE Closed at 7427 points. Change of -100%. Total value traded through LSE was: £ 4,349,079,886 a change of 0%

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:AML Aston Martin** **LSE:BLOE Block Energy PLC** **LSE:BT.A British Telecom** **LSE:ITM ITM Power** **LSE:SDY Speedyhire** **

********

Updated charts published on : Aston Martin, Block Energy PLC, British Telecom, ITM Power, Speedyhire,

LSE:AML Aston Martin. Close Mid-Price: 431.7 Percentage Change: + 6.59% Day High: 473.6 Day Low: 416.3

In a change to the numbers, it now looks like weakness below 403 shall pro ……..

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LSE:BLOE Block Energy PLC. Close Mid-Price: 2.05 Percentage Change: + 5.13% Day High: 2.15 Day Low: 1.9

All Block Energy PLC needs are mid-price trades ABOVE 2.15 to improve acce ……..

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LSE:BT.A British Telecom Close Mid-Price: 142.15 Percentage Change: -1.73% Day High: 143.75 Day Low: 140.65

Target Met. Now below 140 suggests the potential of a visit to 126 next, a ……..

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LSE:ITM ITM Power Close Mid-Price: 171.25 Percentage Change: -0.81% Day High: 177 Day Low: 167.15

Target met or near enough. Now below 166 has the potential for further rev ……..

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LSE:SDY Speedyhire. Close Mid-Price: 38.75 Percentage Change: + 0.39% Day High: 40.05 Day Low: 38.4

Continued weakness against SDY taking the price below 38 calculates as lea ……..

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*** End of “Updated Today” comments on shares.