Trends and Targets's blog

Trends and Targets for 9/12/2016

RBS and FTSE for Friday (LSE:RBS & FTSE:UKX) That was a fast week and while we'd prefer pretend RBS share price doesn't exist, it's the 3rd of the clown banks deserving of mention.  There has been an extremely odd facet to recent RBS price movements and it relates to the BLUE line on the chart. One thing our software does is extrapolate movements both forward and backward in time and the fruitcake

Trends and Targets for 8/12/2016

Lloyds Bank (LSE:LLOY) & The Banking Sector The big question is, how can we see Lloyds UP 4% and still describe it as underperforming? The answer, quite simply, comes from utter frustration. Last month, we'd assigned a trigger level to Lloyds at 61p and the very next day, it managed to CLOSE above at 61.4p. So it was all go for a party!

Trends and Targets for 7/12/2016

BARCLAYS BANK (LSE:BARC) For what feels like an age, we've been mentioning 220p as a target for BARC and this week, it has finally obliged, reached target, and now closed above by a reasonable amount (226.75). It results in the situation where we must regard the main "top" on the new trend above 220 as being 250p sometime in the future.

Trends and Targets for 6/12/2016

TESLA (NASDAQ:TSLA) is a bit of an oddball but has appeared in our mail recently, the predominant question being "where's bottom?" As the chart shows, there has been a reasonable uptrend this year which, unfortunately, has broken in recent days.

Trends and Targets for 5/12/2016

FTSE this week & The AIM too! (FTSE:UKX & FTSE:AXX) It's that time of the year when we really want to believe in Santa & his Rally, so it'll do no harm for us to keep a closer eye on the AIM as it remains the market most likely to outperform. But in fairness, the clown sector of the FTSE (aka, the retail banks) have already ticked most boxes for upward action except the final important one.

Trends and Targets for 2/12/2016

  

FTSE for FRIDAY (FTSE:UKX). And a glance at RRL too. There are times when it's worth taking a glance at what a closing price is doing in relation to a trend as it's often a considerable aid in making the decision as to whether a price is achieving Higher Highs or, as the FTSE insert shows, Lower Lows. In the case of the FTSE, we're pretty far from convinced the market is doomed as, despite breaking the uptrend since June, drops are proving pretty tentative currently.

Trends and Targets for 1/12/2016

PROVEXIS (LSE:PXS) We often wonder if this share has exhausted the damage inflicted by the historical orchestrated "enhanced expectation" campaign by a group of 3 conmen. Make no mistake, it's a share we're almost afraid of expressing optimism against due to the campaign which saw the share price reach 22p during a hysterical session back in August 2009.

Trends and Targets for 30/11/2016

CHESNARA (LSE:CSN) This made an appearance in the Top 10 discussion topics and it's not hard to see why. Currently, the share price is in the situation where closure above just 351p is liable to prove interesting. As the chart shows, there's a BLUE line at this point, currently the only hindrance toward 364p. Which is a bit lame!

Trends and Targets for 29/11/2016

  

AMUR MINERALS (LSE:AMC)  The price of this share was recently gapped UP above a trend we didn't believe existed. As the chart shows, it implies the price is now reacting to movements against a downtrend from 45p and this, while vanishingly rare, is generally regarded as a good thing. It brings the implication the price of AMC can be expected to outperform.

Trends and Targets for 28/11/2016

FTSE for this week & BMR too. (FTSE:UKX & LSE:BMR)  Just because you can doesn't mean you should! In the case of BMR, we'd postulated criteria for reversal to 4.35 and for some reason, the market felt obliged to indulge in a murder. The situation now is of anything below 4.6 pointing at 4.35 next with secondary calculating at 3.85p

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