Blowing up Ceres Power Holdings Plc (LSE:CWR)

Because no-one wants to talk about Death, one of our chums keeps providing hilarious mental images, through her job as a Funeral Director (and everything it entails). Here in our bit of Argyll, we’re not overwhelmed by Funeral Home competition, local zombies tending to live rather a long time. Recently, she was “On Call” during the night, aware she could be called out at any time to collect a body, generally from a hospice or care home. Immediately, the image of her husband waking in the morning, shuffling through their lounge which had a few dead people reclined on the furniture, awaiting their final journey to the funeral home and an appointment with a make-up artist.

Needless to say, this isn’t how things work but the mental image of “working from home” as a Funeral Director was delicious. To be generous, the job must have immense mental strains, knowing that every single person she meets will probably be a customer at some point. I just wish she wouldn’t keep glancing at the calendar on her iPhone, every time we meet on the dog walking trails…

Despite Ceres being firmly ensconced on the “carbon neutral” & Net Zero bus,  we are completely fascinated with their engineering as they develop and market proper technology for power generation and hydrogen production. They’ve been passengers on the Net Zero hype for over 25 years, actually developing useful technology for the generation industry and, in the process, becoming a worldwide player with a global footprint.

However, it would be difficult to ignore the most recent decline in share price value as it has created a “trap” which should be watched for. Below 342p risks triggering reversals to an initial 293p with our secondary, if broken, at 226p and a probable bottom. This sort of secondary target makes a lot of visual sense and thus, despite absolutely nothing suggesting it may be currently possible, in the event anything nasty happens, it makes for a sane entry point if chasing a bounce.

But the converse feels true for Ceres as share price movement exceeding just 442p now calculates with a surge of optimism to an initial 490p with our longer term secondary, if exceeded, working out at a future 525p. This would be important, taking the price into a cycle with a Big Picture 633p ringing the bell of attraction sometime in the distance.

FUTURES


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
11:22:35PM BRENT 9730 9676 9610 9533 9780 9882 10059 10291 9750
11:26:09PM GOLD 4295.78
11:29:30PM FTSE 10685.3
11:34:24PM STOX50 6276.2
11:37:45PM GERMANY 25342.9 ‘cess
11:41:14PM US500 7700.3
11:44:29PM DOW 51446.8
11:48:26PM NASDAQ 30452.7 30350 30283 30114 30486 30534 30619 30708 30463
11:51:51PM JAPAN 66185 65841 65613 65052 66144 66366 66551 66784 66147

 

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:BME B & M** **LSE:BT.A British Telecom** **LSE:IAG British Airways** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:TSCO Tesco** **

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Updated charts published on : B & M, British Telecom, British Airways, Scottish Mortgage Investment Trust, Tesco,


LSE:BME B & M. Close Mid-Price: 246.4 Percentage Change: + 0.00% Day High: 253 Day Low: 246

In the event of B & M enjoying further trades beyond 253, the share shoul ……..

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View Previous B & M & Big Picture ***


LSE:BT.A British Telecom. Close Mid-Price: 191.85 Percentage Change: + 0.00% Day High: 191.95 Day Low: 187.15

In the event of BT.A share price managing to break below 187.15 (obviousl ……..

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View Previous British Telecom & Big Picture ***


LSE:IAG British Airways. Close Mid-Price: 435.3 Percentage Change: + 0.00% Day High: 444.1 Day Low: 431.2

This could become a little useful as above 452 should now trigger movement ……..

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View Previous British Airways & Big Picture ***


LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 1573 Percentage Change: + 0.00% Day High: 1594 Day Low: 1570.5

Target met. Continued trades against SMT with a mid-price ABOVE 1594 shou ……..

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View Previous Scottish Mortgage Investment Trust & Big Picture ***


LSE:TSCO Tesco. Close Mid-Price: 471.1 Percentage Change: + 0.00% Day High: 484.8 Day Low: 470

Weakness on Tesco below 452 will invariably risk an 412p with our secondar ……..

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View Previous Tesco & Big Picture ***


*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.

Click Epic to jump to share:LSE:AAL Anglo American** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **LSE:BP. BP PLC** **LSE:CAR Carclo** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:GRG Greggs** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:MRO Melrose** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:ONT Oxford Nanopore Tech** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:QED Quadrise** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SAGA SAGA Plc** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SFOR S4 Capital** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:STAR Star Energy** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **LSE:TRN The Trainline** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **

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Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!

 

Risk Warning & Notice to Investors

Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Trends and Targets Ltd, Shareprice, or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.

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