Headquartered in Canada, this South American focussed mineral exploration company is listed on both the Toronto exchange and the UK AIM exchange. They describe themselves as a Global Minerals Development company but seem to be mainly working in Argentina and Columbia. Unfortunately, we’d forgotten all about them but as the company featured in our emails recently, they were deemed worth a glance in the hope we can make some sense of their share price movements.
To cut to the chase, our software has calculated 16.9p as a potentially reliable level, exceeding such should apparently trigger share price gains to an initial astounding 30p. Our secondary, should such a level be exceeded, works out at a longer term 36p and the opportunity for the share price to close above a downtrend which dates back to 2007. On an AIM share, we are extremely sceptical of such long trend lines, especially in this instance as a “breakout” above Blue will suggest a long term 100p is exerting an attraction. Who knows, perhaps they shall dig up a flock of geese which lay golden eggs!
Our alternate scenario and one which feels likely, suggests weakness below 12.75 could bring a sharp dose of trouble, calculating with an initial drop target down at 7.9p with our longer term secondary, if broken, working out at a ridiculous looking 1.6p.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:10:24PM | BRENT | 10631.5 | ‘cess | ||||||||
| 10:12:35PM | FTSE 100 | 10761.8 | |||||||||
| 10:16:24PM | GOLD | 4123.81 | 4111 | 4097 | 4063 | 4128 | 4154 | 4162 | 4179 | 4130 | ‘cess |
| 10:35:08PM | STOX50 | 6158 | 6070 | 6045 | 6006 | 6102 | 6161 | 6178 | 6214 | 6133 | Shambles |
| 10:37:23PM | GERMANY | 25473.2 | Shambles | ||||||||
| 10:39:23PM | US500 | 7742.4 | ‘cess | ||||||||
| 11:00:05PM | DOW | 52619.6 | |||||||||
| 11:02:29PM | NASDAQ | 29772.8 | ‘cess | ||||||||
| 11:13:42PM | JAPAN | 65302 | Success |
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:BARC Barclays** **LSE:FGP Firstgroup** **LSE:GKP Gulf Keystone** **LSE:GRG Greggs** **LSE:IAG British Airways** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:MKS Marks and Spencer** **LSE:OCDO Ocado Plc** **LSE:SAGA SAGA Plc** **LSE:TSCO Tesco** **
********
Updated charts published on : Barclays, Firstgroup, Gulf Keystone, Greggs, British Airways, IQE, ITM Power, Marks and Spencer, Ocado Plc, SAGA Plc, Tesco,
LSE:BARC Barclays. Close Mid-Price: 418.85 Percentage Change: + 0.00% Day High: 419.85 Day Low: 408.15
Target met. Weakness on Barclays below 408.15 will invariably lead to 395 ……..
</p
View Previous Barclays & Big Picture ***
LSE:FGP Firstgroup. Close Mid-Price: 208.4 Percentage Change: + 0.00% Day High: 210.6 Day Low: 203
Target met. If the price of Firstgroup manages to move ABOVE 210.6, initi ……..
</p
View Previous Firstgroup & Big Picture ***
LSE:GKP Gulf Keystone. Close Mid-Price: 204 Percentage Change: + 0.00% Day High: 232.5 Day Low: 194
Target met. In the event of GKP share price managing to exceed 232.5 (ple ……..
</p
View Previous Gulf Keystone & Big Picture ***
LSE:GRG Greggs. Close Mid-Price: 2300 Percentage Change: + 0.00% Day High: 2354 Day Low: 2296
The next task for Greggs is to get the price above 2354 (not with a fake ……..
</p
View Previous Greggs & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 414.6 Percentage Change: + 0.00% Day High: 424.1 Day Low: 402.3
In the event British Airways experiences weakness below 402.3 it calcula ……..
</p
View Previous British Airways & Big Picture ***
LSE:IQE IQE. Close Mid-Price: 39.35 Percentage Change: + 0.00% Day High: 39.6 Day Low: 36.75
Managing to get the share price BELOW 36.75 is the next problem level for ……..
</p
View Previous IQE & Big Picture ***
LSE:ITM ITM Power. Close Mid-Price: 86 Percentage Change: + 0.00% Day High: 88.55 Day Low: 82.7
If the share price of ITM Power manages to move BELOW 82.7, initial DOWN ……..
</p
View Previous ITM Power & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 420.8 Percentage Change: + 0.00% Day High: 429.4 Day Low: 418
In the event of MKS share price managing to exceed 429.4 (please, not an ……..
</p
View Previous Marks and Spencer & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 348.8 Percentage Change: + 0.00% Day High: 354.8 Day Low: 322.6
Target met. Continued trades against OCDO with a mid-price ABOVE 354.8 sh ……..
</p
View Previous Ocado Plc & Big Picture ***
LSE:SAGA SAGA Plc. Close Mid-Price: 807 Percentage Change: + 0.00% Day High: 812 Day Low: 775
The next task for SAGA Plc is to get the price above 812 (not with a fake ……..
</p
View Previous SAGA Plc & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 539 Percentage Change: + 0.00% Day High: 548.6 Day Low: 536.4
Target met. Further movement against Tesco ABOVE 548.6 should improve acc ……..
</p
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:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **LSE:BME B & M** **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:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IGG IG Group** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MRO Melrose** **LSE:NG. National Glib** **LSE:NWG Natwest** **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:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SFOR S4 Capital** **LSE:SMT Scottish Mortgage Investment Trust** **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** **
********
Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!