Trends and Targets's blog

Precogz Daily Forecast for 26/09/2012

Marked charts for GKP, HOIL, and XEL are included today amongst our coverage on the stocks below. Essentially, few positive movements yesterday as the vast majority of the market remains rangebound. We've some jitters for the market today given movements on the Dow Jones last night. Whatever news broke risks dragging that particular index back to 13430 with secondary at 13360 and this risks derailing the FTSE's less than flamboyant recovery. It was somewhat disappointing to see the recovery stall at 5869 which was bang on our trigger level for upward movement of conviction.

Precogz Forum Requests 25/09/2012

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.

 

LSE:AVN - Avanti Com - Close Mid-Price, 355.75p 2.52%. High: 360p. Low: 347.5p.

Interesting potential developing. If price CLOSES above 372, initial target 395 ***

 

Precogz Daily Forecast for 25/09/2012

Marked charts for the FTSE and Bahama's Petroleum (LSE:BPC) are included today. The FTSE triggered a level  for a fairly substantial drop toward 5761 yesterday. Somehow or other the drop arrested just above 5800. However, we'd require to see the index above 5868 before we'd assume the potential slump is not scheduled. Such a movement above 5868 also allows for recovery toward 5908 which is quite surprising given movements on many of the stocks below. As for our general outlook, the technical term for current market behaviour is 'blooming weird'.

Precogz Daily Forecast for 24/09/2012

Fifty one shares are covered in this mornings roundup, so it's a lot of reading. Our inclination is to display occasional charts on various stocks below. Should anyone wish a listed share's chart published, feel free to ask on the Precogz Forum. We've been a bit overwhelmed with work for the last week but are starting to clear the backlog and thus, invite more stress!

Precogz Daily Forecast for 21/09/2012

Yesterday managed to be a bit chaotic across certain shares and the FTSE joined the fun with the index managing to exceed our bottom target by nearly 4 points. When we see upper targets failing to be reached and lower targets being broken, the implication is for market wide volatility of a downward nature, this being a period when drops are over-exaggerated.

 

Precogz Daily Forecast for 20/09/2012

 We are inclined to take note of the movement on the FTSE between 2.30 and 3.00pm yesterday as an early warning signal some relaxation is planned. It bothers us our conservative target at 5901 failed by 6 points as this tends to indicate a degree of weakness. However, the recovery later in the session suggests should 5901 be exceeded today, movement toward 5925 is possible. The other side of the coin is movement below 5859 has the potential of a visit toward 5828.

Precogz Daily Forecast for 19/09/2012

We've some concerns regarding the FTSE's movements yesterday and provide a chart below to illustrate why. Essentially, the index should have bounced from 5859 but instead, opted to spend the day fluttering above and below it which risks further reversal. Should the index drop below 5836 today, sufficient argument exists for a visit toward 5790. Balancing this gloom remains the salient detail the index did break above a 5 year downtrend and thus, risks irrational movements while a new trend develops.

Precogz Daily Forecast for 18/09/2012

The FTSE tripped a trigger yesterday for a drop toward 5859 and visually, such a level remains our expectation. However, the index closed and 5893 and only requires to exceed 5902 and it will negate the immediate logic pointing to a drop. Upward movement of substance cannot be seen occurring until the market next moves above 5931. Rather amazingly, the market is tending to stutter around the 5 year trend since 2007 rather than snaking down to retest the downtrend from March 2012.

Precogz Opinion on IMIC - 17/09/2012

LSE:IMIC - International Mining and Infrastructure Corp.

 

We received our very first brokers note on this company and decided it merits some comment. Oddly, it was also the first brokers note issued for IMIC.

In fairness to our analysis team, only the header on the note was actually passed on; the important section which gives the fabled Broker Target Price. The further 20+ pages of the PDF can be viewed HERE.

Precogz Forum Requests 17/09/2012

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.

 

LSE:AVN - Avanti Com - Close Mid-Price, 368.75p 1.3%. High: 380p. Low: 368p.

Getting close. Remains with targrt 384p, CLOSURE above 388 allows for longer term 431p ***

 

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