On Wednesday, I became the “pratt in a convertible“. Leaving a hospital appointment, the car dashboard reported 19.5c outside, signalling what was probably going to be the last day of the year the magic button could be pushed and the VW EOS mechanical roof retracted. Roof down, flat cap on, shades on, the 8 mile journey to the ferry terminal commenced, as usual enjoying a similar feeling to riding a motorcycle, aware of everything going on 360 degrees around. The similarity to riding a motorcycle is nothing to do with “wind in the hair” nonsense, just the massively improved feeling of awareness by escaping from the confines of a tin box.
It was curious, driving down the ramp to the ferry, how the sun had remained the same, yet the outside temperature had dropped to 16c. Clearly the return to Argyll was underway! But within another 5 minutes .of the ferry choosing to reverse across the estuary (fairly common with heavy sea swells to protect car windscreens from damage), the outside temperature was now 16c and my finger was solidly holding the magic button in the “UP” position, the thing refusing point blank to move due to “Luggage Compartment Sensor Error”, a nasty message advising I hadn’t tidied away my shopping from Aldi and Tesco, thus giving the VW the chance to behave like a supermarket Self Scan ‘assistant’ and furnish as little aid as possible. In a totally non scientific experiment, Tesco won the award for the least helpful assistant, someone who was happy to bypass the flashing red light above the machine, though less willing to remove the security tag from the blue jeans which caused the alert. I always wonder whether my Scottish patterned checked scarf (which looks rather like Palestinian protest headgear) shall get me through a security checkpoint on a two tier nod and wink. This remains an untried test.
Aldi, on the other hand, had self scan Gestapo with a sense of humour, cheerfully pointing out I’d inverted the “Pick Up, Scan, Drop” sides of their gadget, then taking over the job. When I got home, I noticed the bloke had only scanned 5 of the 8 bags of coffee beans!!! Rushing back and pointing out the 12 quid error is impossible, due to the £50 ferry return ticket. I like to think I’m an honest guy but there is a limit.
Once I’d played Jenga with all the shopping in the car boot, the roof finally deigned to close just before we docked in Argyll. The outside temperature was now 14c, the wind rather strong, and the unspoken “Pratt” word visible on every face who’d been watching the pantomime with the car roof. But when leaving the ferry, virtually every vehicle turned left, suggesting they were tourists/day trippers, with only myself turning right to head into the frozen wasteland which is now Argyll… Summer is officially over!
To seamlessly lead into 80 Mile, a company focussed on Exploration and Development of Energy and Strategic Resources in Greenland, Wednesday provided a sharp reminder Argyll enjoys an Arctic Climate thanks to very little between the area and the North Pole. Though perhaps 80 Mile have a building on Greenland which briefly interrupts our inbound weather.
According to our calculations, above 1.3p should next promote share price growth to an initial 1.9p with our secondary, if exceeded, working out at a future 2.4p. The close proximity of these target levels tends suggest the probability of a glass ceiling making an appearance somewhere between these two target levels. The implication of such behaviour is quite fascinating, a suggestion share price closure some point in the future, shall open the doors for a cycle leading to an eventual 5p. This would prove quite a big deal, justifying the flurry of emails we received asking our opinion for the long term.
Our inevitable negative scenario needs mentioned as it’s quite troubling. The share price needs below 0.4p for real panic, entering a cycle where the eventual bottom works out at an impossible -4p. While we truly look forward to the day a company shall offer “investors” 4p to take a share off their hands, the chances are unlikely. Unless they perhaps appoint a current Government chancellor as the Chief Financial Officer, someone we suspect perfectly capable of lowering a car roof on a day like Wednesday.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:57:15PM | BRENT | 9727.8 | 9637 | 9457 | 9202 | 9859 | 9856 | 9893 | 10036 | 9777 | |
| 11:00:39PM | GOLD | 4153.16 | 4150 | 4141 | 4115 | 4158 | 4164 | 4168 | 4175 | 4154 | |
| 11:09:27PM | FTSE | 10594.9 | |||||||||
| 11:16:11PM | STOX50 | 6257.1 | ‘cess | ||||||||
| 11:21:06PM | GERMANY | 25140.4 | Success | ||||||||
| 11:31:47PM | US500 | 7675.6 | Shambles | ||||||||
| 11:44:36PM | DOW | 51042 | ‘cess | ||||||||
| 11:48:49PM | NASDAQ | 30497.3 | Success | ||||||||
| 11:51:44PM | JAPAN | 67015 | Shambles |
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:BLOE Block Energy PLC** **LSE:BME B & M** **LSE:IQE IQE** **LSE:ONT Oxford Nanopore Tech** **LSE:OXIG Oxford Instruments** **LSE:RKH Rockhopper** **LSE:SAGA SAGA Plc** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:STAN Standard Chartered** **LSE:TLW Tullow** **
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Updated charts published on : Block Energy PLC, B & M, IQE, Oxford Instruments, Rockhopper, SAGA Plc, Standard Chartered, Tullow,
LSE:BLOE Block Energy PLC. Close Mid-Price: 0.85 Percentage Change: + 0.00% Day High: 0.85 Day Low: 0.788
If the share price of Block Energy PLC manages to move BELOW 0.788p, init ……..
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View Previous Block Energy PLC & Big Picture ***
LSE:BME B & M. Close Mid-Price: 255.4 Percentage Change: + 0.00% Day High: 261.6 Day Low: 253.4
Target met. All B & M needs are mid-price trades ABOVE 261.6 to improve a ……..
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View Previous B & M & Big Picture ***
LSE:IQE IQE. Close Mid-Price: 49.15 Percentage Change: + 0.00% Day High: 49.15 Day Low: 46.45
In the event of IQE share price managing to exceed 49.15p (please, not an ……..
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View Previous IQE & Big Picture ***
LSE:ONT Oxford Nanopore Tech. Close Mid-Price: 217.6 Percentage Change: + 0.00% Day High: 218.6 Day Low: 201.8
Target met. Further movement against Oxford Nanopore Tech ABOVE 218.6 sho ……..
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View Previous Oxford Nanopore Tech & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 3020 Percentage Change: + 0.00% Day High: 3032 Day Low: 2836
Target met. If the price of Oxford Instruments manages to move ABOVE 3032 ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:RKH Rockhopper. Close Mid-Price: 59.1 Percentage Change: + 0.00% Day High: 64 Day Low: 58.2
Target met. Continued weakness against RKH taking the price below 58.2 ca ……..
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View Previous Rockhopper & Big Picture ***
LSE:SAGA SAGA Plc. Close Mid-Price: 787 Percentage Change: + 0.00% Day High: 793 Day Low: 671
Target met. Continued trades against SAGA with a mid-price ABOVE 793 shou ……..
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View Previous SAGA Plc & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 1590.5 Percentage Change: + 0.00% Day High: 1600 Day Low: 1581
In the event of SMT share price managing to exceed 1600 (please, not an i ……..
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View Previous Scottish Mortgage Investment Trust & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 2298 Percentage Change: + 0.00% Day High: 2364 Day Low: 2298
The next task for Standard Chartered is to get the price above 2364p (not ……..
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View Previous Standard Chartered & Big Picture ***
LSE:TLW Tullow. Close Mid-Price: 10.26 Percentage Change: + 0.00% Day High: 16.62 Day Low: 9.4
Target met. If Tullow experiences continued weakness below 9.4, it will i ……..
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View Previous Tullow & 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:BP. BP PLC** **LSE:BT.A British Telecom** **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:IAG British Airways** **LSE:IGG IG Group** **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:PHP Primary Health** **LSE:PMG Parkmead** **LSE:QED Quadrise** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SFOR S4 Capital** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:STAR Star Energy** **LSE:TERN Tern Plc** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **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.