Trends and Targets's blog

Trends and Targets for 4/09/2015

FALANX GROUP PLC (LSE:FLX) finishes our Support Services Sector week. Pity we didn't cover it earlier as it just "suffered" a 70% rise. It's a share which had been bothering us due to our tea leaves suggesting ultimate bottom was 10.5p. We'd watched it carefully in June as the price hit our drop target but spent two weeks failing to bounce. Instead, it opted to slither below 10.5p into a region where we were clueless due to every target calculation giving a price prefaced by a minus sign. When this sort of nonsense happens, we tend lose interest fast but in the case of FLX, something has almost propelled it into the land of the living.

Trends and Targets for 3/09/2015

DIGITAL BARRIERS PLC (LSE:DGB) meets our criteria for interesting shares in the Support Services Sector. Few people talk about it yet the share price manages reasonable movements despite the absence of informed chatter.  Something a bit interesting has been happening with the share price. We've been waiting all year for it to bottom at 26p yet the price has resiliently refused to move below 33p and enact a final flop to our target level. Perhaps this is an indication of some strength and given the proximity of BLUE to the current share price of 37p, it's perhaps about to do something.

Trends and Targets for 2/09/2015

BEGBIES TRAYNOR GROUP PLC (LSE:BEG) conforms to our usual criteria for interesting shares in the Support Services Sector of the market. No-one, effectively, talks about it yet the share price manages reasonable movements despite the absence of informed chatter. We've shown a zoomed in box to highlight something which happened in July. The share price was deliberately gapped below the long term uptrend, then a few days later gapped above it. At risk of getting technical, we've come to refer to this sort of nonsense as a "fake" though in strict market parlance, most folk will call it a treeshake. We prefer "fake" 'cos it was a move probably designed to panic investors prior to a proper rise.

Trends and Targets for 1/09/2015

ACAL PLC. LSE:ACL. Unusually we're going to revisit a sector called "Support Services." Last time we took a meander through a few sample companies, we were quite encouraged at their potentials if the sodding market would just show some optimism. As we've written elsewhere recently, we're starting to suspect the recent drop against the market will prove to be a fake. The coming week should provide a "Show and Tell" as everyone finally returns from their annual sojourn to Butlins or Benidorm. (in the interest of fairness, other hellholes are probably available...)

Anyway, to return to ACAL,

Trends and Targets for 28/08/2015

The Big Picture Day 5... BRENT CRUDE. Thank goodness for the bank holiday weekend. Perfectly timed but dreading Tuesdays open if any negative news breaks Amongst the shares we analyse, we've been giving trigger levels which, if bettered, will convince us the significant recovery is real. Unfortunately far too many shares remain within the Dead Cat zone as, despite Thursday being a stonking 3.6% day on the FTSE, only THREE out of EIGHTY shares managed to pass the level which says we must take the bounce seriously.

The implication of this is, should grotty news now hit, the market is liable to turn into a tragedy. Even the FTSE, despite the good day, only reached 6212 whereas out initial target was 6216. Whilst a 230 point rise cannot be sneezed at, we prefer seeing our initial targets bettered as this implies strength.  Thankfully once the market itself closed, FTSE futures managed to better our 6212 so perhaps we're being more absurdly paranoid than usual.

Trends and Targets for 27/08/2015

Trends and Targets for 26/08/2015

The Big Picture Day 3... The DAX feature. A bunch of headlines in the media suggesting the markets have bounced back have not entirely convinced us everything is happy. To put this into context, the FTSE broke its uptrend from 2009 at 6452 points. It fell to 5766 and has bounced to 6081. It needs rise another 6.1% just to return to the pretty grotty position it was in at point of trend break. We were somewhat bemused on Tuesday seeing index' approach our primary targets but fail to do anything convincing about the secondary. Or in other words, we're still in clenched buttock territory. If the FTSE now trades above 6134, unclenching is perhaps allowed as 6268 is the next point of interest. This would break through the immediate decline trend and hint the world is probably not going to fall off a cliff.  Even above 6113 should allow traders to exhale.

Trends and Targets for 25/08/2015

The Big Picture Contd... A technical issue stopped our stuff appearing on Interactive for a couple of sessions. For the sake of continuity, we've published the missing articles here.  Our report yesterday speculated on the FTSE getting to 5751. We didn't for a minute expect it to reach target the next day. (okay, it bounced from 5766 but blooming close for a movement from 6187) On the basis it didn't meet target due to inherent strengths in the market, we'll need near term moves above 6024 to better our initial target 6045 to make our longer term secondary of 6137 a viable suggestion.

Obviously, with the market making 2-4% moves, the term "longer term" must be regarded a bit elastically.

Delayed publication of Trends and Targets for 24/08/2015

Created 23/08/2015 at 16:46 (Delayed due to technical issue on Sunday evening)


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