#Gold #Dax Hopefully this is our final grumble about Argyll’s weather for August. The annual monsoon has arrived, delivering what feels like a month’s worth of rain in the space of an hour, accompanied by 60mph winds, temperatures dropping to 11°C, and a garden waterfall that sounds like an F-35 making a vertical take-off. In other words, here in our corner of Scotland, the weather is dreadful, though at least it remains reassuringly predictable. If the usual pattern holds, the final couple of weeks of August should be reasonably pleasant before September ushers in autumn with a proper cold snap.
Of greater irritation, perhaps, is knowing pushing the magic button to retract the mechanical roof of the VW shall be a rare event for the rest of the year! It would be accurate to admit this £1,500 car (for the dogs to ruin) still rates as one of the most fun vehicles ever owned. Needless to say, it is being properly maintained as a “keeper”.
Our predictive abilities also appear to apply to Georgina Energy Plc. We reviewed their share price potentials a couple of months ago, giving a couple of target levels, both of which have now been achieved. The next big deal demands the share price CLOSE a session above 13.8p but so far, movements have proven a bit reticent, the highest closing price being 13.75p. From our perspective, missing target by just 0.05p is actually a big deal, a suggestion the market isn’t yet ready to allow the share price to fly solo. However, intraday traffic (not the closing price) allowed for the share price to exceed our 13.8p twice in the last week, so perhaps there is room for optimism.
It’s certainly now the case where movement above 14.8p shall be seen as triggering travel to an initial 15.8p with our secondary, if beaten, at 19.5p. These are fairly significant ambitions, launching the share price into a zone where a future 33p shall be viewed as exerting a distant attraction.
Of course, there is always a downside scenario. A fall below 11.5p would increase the risk of a retreat towards an initial target at 8p. Should that level fail to hold, our secondary support lies at around 5.7p, where we would expect a more substantial “bouncy bottom” to emerge.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:35:29PM | BRENT | 7875.7 | |||||||||
| 10:41:05PM | GOLD | 4246.21 | 4064 | 3974 | 3876 | 4088 | 4268 | 4288 | 4364 | 4218 | Success |
| 11:02:11PM | FTSE | 10896.2 | ‘cess | ||||||||
| 11:04:23PM | STOX50 | 6492.6 | |||||||||
| 11:07:43PM | GERMANY | 26229.2 | 26122 | 25992 | 25842 | 26261 | 26442 | 26465 | 27086 | 26160 | |
| 11:17:34PM | US500 | 7731.7 | ‘cess | ||||||||
| 11:20:41PM | DOW | 54424.3 | ‘cess | ||||||||
| 11:29:40PM | NASDAQ | 29478.5 | ‘cess | ||||||||
| 11:34:33PM | JAPAN | 65891 |
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:AV. Aviva** **LSE:BME B & M** **LSE:MKS Marks and Spencer** **LSE:RR. Rolls Royce** **LSE:SAGA SAGA Plc** **LSE:SFOR S4 Capital** **LSE:SPX Spirax** **
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Updated charts published on : Aviva, B & M, Marks and Spencer, Rolls Royce, SAGA Plc, S4 Capital, Spirax,
LSE:AV. Aviva. Close Mid-Price: 701.2 Percentage Change: + 0.00% Day High: 704.6 Day Low: 691.6
In the event of Aviva enjoying further trades beyond 704.6, the share sho ……..
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View Previous Aviva & Big Picture ***
LSE:BME B & M. Close Mid-Price: 232.2 Percentage Change: + 0.00% Day High: 234 Day Low: 229
All B & M needs are mid-price trades ABOVE 234 to improve acceleration to ……..
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View Previous B & M & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 409.4 Percentage Change: + 0.00% Day High: 418.1 Day Low: 409.4
Continued trades against MKS with a mid-price ABOVE 418.1 should improve ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 1570.4 Percentage Change: + 0.00% Day High: 1581.2 Day Low: 1544.4
Further movement against Rolls Royce ABOVE 1581.2 should improve accelera ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SAGA SAGA Plc. Close Mid-Price: 713 Percentage Change: + 0.00% Day High: 719 Day Low: 686
Target met. Further movement against SAGA Plc ABOVE 719 should improve ac ……..
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View Previous SAGA Plc & Big Picture ***
LSE:SFOR S4 Capital. Close Mid-Price: 51.9 Percentage Change: + 0.00% Day High: 51.9 Day Low: 39
Target met. If the price of S4 Capital manages to move ABOVE 51.9p, initi ……..
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View Previous S4 Capital & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 7345 Percentage Change: + 0.00% Day High: 7415 Day Low: 7315
Target met. All Spirax needs are mid-price trades ABOVE 7415 to improve a ……..
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View Previous Spirax & Big Picture ***