Trends and Targets's blog

Trends and Targets for 25/04/2014

GB Pound vs US Dollar (FOREX:GBPUSD) shows a major point of interest - a level at which we'd normally expect some turbulence - at 1.7005. But the strange thing is, movements during March and April hint it can exceed this long term target level and the pair should prove capable of reaching 1.7090. Obviously, in the grand scheme of things, the difference is negligible and we'd probably sound saner by saying it's going to 1.7 and leave the spare decimals to argue it out.

Currently, the forex pair would need slump

Trends and Targets for 24/04/2014

Associated British Food (LSE:ABF) featured in our mail and a glance at the chart explains the interest. It 'seems' to be going up but we've a couple of reservations. Our software advises further movement above 2992p should lead to 3118p with secondary, at a longer term 3450p.

However, the highest the share has ever traded has been at 3030p

Trends and Targets for 23/04/2014

GlaxoSmithKline (LSE:GSK) has been featuring as a popular chat topic, something fairly unusual for a sixteen quid share. Whatever provoked the flamboyant breakout above Light Blue on the chart below was quite interesting as we would have hoped the price reach an initial target at 1659p. Alas, it appears the Dark Blue line has some importance as it has created the situation where we'd now worry at movement below just 1632p as this easily could become early warning

Trends and Targets for 22/04/2014

AstraZeneca (LSE:AZN) is a share we last viewed in 2011, one of a bunch of 'file and forget' project we're now being asked to revisit. Thankfully, when we view our target tier, the share has managed to tick literally every UP AND DOWN target we'd given due to a series of fruitcake motions over the last three years. In fact, the final aspiration for the longer term now shows at 4338 but goodness knows what the path will be like as very little is currently showing the possibility of the price exceeding 4120 for its lunge to this target level. Instead, the price has visually signed a covenant with the devil, showing the potential of reversal toward 3520 with any further weakness below just 3700p.

Trends and Targets for 21/04/2014

COMEX:SI, SILVER.   Just about everything with Silver is interesting from our perspective. Aside from the impatient detail it is avoiding a drop dead obvious trigger level. Movements during 2014 indicated the metal would bottom at around 20.14USD, a feat it has failed to accomplish on the ‘real’ market yet achieved in the futures markets. Generally we find this tends to indicate a further stab at the bottom level before any recovery occurs.

As for recovery itself, what criteria needs fulfilled to become certain the stuff is about to shine again?

Trends and Targets for 18/04/2014

GULF KEYSTONE. About the only nice thing we can say about GKP is it only needs the oomph to exceed 158p currently to cancel its logical projections for the future. The share price has done everything bar take an advert in the mass media to suggest its going to the 70p level, maybe even 35p!

In fact, our software projects an ultimate bottom at just 12 pence.

 

So that's all the misery out of the way in just a single paragraph.

 

Trends and Targets for 17/04/2014

It took a while for the egg to drop and realise Easter is also having a dire effect on the markets. We'd been assigning the current period of 'A Lot, not doing A Lot' to the Ukraine effect but of course, a heck of a lot of people are on holiday. Next week promises to be equally boring unless, of course, anything happens about the Ukraine and associated suspects. The DOW JONES has been a firm case in point with movements in the last week tending to signal it wants to get to 16530 or so. We've an in-house rule of rises being regarded as fake until such time 50% of the potential is exceeded. In the case of the DOW, if it starts trading above 16425, we'll start to pay attention and regard an up cycle as commencing.

Recent movements on Burberry

Trends and Targets for 16/04/2014

GOOGLE (NASDAQ:GOOG) seems to be popular with the SB/CFD crowd and the recent share split with associated repricing has certainly introduced some volatility to the price. When we view the shares price on the Nasdaq, it closed the session on the 15th with a mid-price of 539USD. But when we view the cost on the futures market currently, the share is trading at 548USD. Regardless, both the futures market, along with the actual share price, show Google is shuffling into position with the possibility of some near term growth.

In the event of Google futures exceeding US$558.5,

Trends and Targets for 15/04/2014

Caracal Energy (LSE:CRCL) provoked a rash of emails during the afternoon session, a single glance at the shares price giving the reason. Is a 55% rise liable to end in tears or, is there somewhere else this price can go. From our perspective, the share had been playing by the rules as, when the price broke RED on the chart below, we'd immediately been able to project a drop target at 345p.

Trends and Targets for 14/04/2014

Proactis (LSE:PHD) has featured in our mailbox, thankfully giving easy inspiration for Mondays headline item. Essentially, its chart since the beginning of time illustrates a share which hasn't really managed to do anything spectacular. Broadly speaking, it has mimicked the misery experienced by many stocks during the last few years. Near term, we'll be interested in the event of the share trading intraday above 58.25p as this allows movement to a less than interesting 62.5p or so.

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