Trends and Targets's blog

Trends and Targets for 30/06/2015

THE FTSE and SIRIUS MINERALS (FTSE:UKX + LSE:SXX) are the next two topics showing as Interactive Investors Top Ten. The headline really should read "The FTSE does a Whoopsie" as allegedly it's heading to 6486 points with secondary, if broken, at 6282 points. There's a couple of things legislating against this and they are both historic market trends.

Trends and Targets for 29/06/2015

AMUR MINERALS and GULF KEYSTONE (LSE:AMC + LSE:GKP) start our week of examining the Top Ten chat topics on Interactive Investor. Some of the shares being covered are already part of our daily report, so we'll be a bit vague in our comments against these but hopefully more enjoyable than the final Top Gear without JC in the studio. Just what was the big elephant doing in the room?. Next week, we shall again return to safe territory, examining constituent sector members of the FTSE. A share doesn't need a plethora of discussion for the price to move. In fact, some of our recent subjects seem to have slipped completely under the chatroom radar. (ie; HSS Hire)

Trends and Targets for 26/06/2015

PREMIER FARNELL (LSE:PFL) ends our week looking at the FTSE Support Services sector. In our wander through various sectors of the market, this one has stood out quite strongly as showing optimism for the future. All it needs is the feel of the market to improve. And world peace... To examine the dangers first, we've a couple of areas of concern. Firstly, the spike below RED, the uptrend since 2008 bothers us. While the share did not close below RED, it showed the gremlins who mess with share prices were not afraid to break the trend and often, this is a warning signal of dangers ahead.

Trends and Targets for 25/06/2015

Trends and Targets for 24/06/2015

Trends and Targets for 23/06/2015

HSS HIRE (LSE:HSS) has a shark in the water below 155p. Since the share started trading at the start of February, 155p has represented a logical bottom and the price is getting painfully close. Ideally we shall be looking for a bounce anytime now as we cannot calculate anything below 155p on the current price cycle. .Logically, the implication is that should this share somehow close below 155p, something other than market trading forces is fouling with its potentials but from our perspective, we're clueless.

When we drill down to minute by minute moves, we can justify the current cycle drops as the flurry of activity around the 171p level was the sort of stutter we tend expect from a target level and thus, it gives some assurance we're only watching choreography designed to scare the pants off investors. Ideally this share should bounce anytime now and we're therefore looking for a movement near term which will signal the price has actually bottomed.

Trends and Targets for 22/06/2015

Our iii headline pieces on AMLIN and DIRECT Line can be viewed here and here.

Trends and Targets for 19/06/2015

This report should have appeared on Friday morning but was delayed due to a glitch.

Trends and Targets for 18/06/2015

A glitch ensured this report was delayed on Thursday, so we're publishing to ensure continuity.

Trends and Targets for 17/06/2015

ESURE INSURANCE  (LSE:ESUR) Is one of these rare beasts, an insurance company without a furry toy talking down to the audience. In fact, didn't their actor actually appear in Top Gear? Anyway, we like their chart as it's looking quite simple. Near term growth above 262p should lead to an initial 270p with secondary, once the price actually closes above 270p at a longer term 297p.

As the chart shows, this sort of ambition of 297p would be important for the distant future as it would place the share price above a prior high on the chart (290's)  and suggest we should really admit it has a far future target of 346p which would represent a new all time high.

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