Trends and Targets for 11/10/2017

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HURRICANE ENERGY (LSE:HUR) With all the recent publicity given toward hurricanes, it seems strange Hurricane Energy failed to capitalise on how popular their naming inspiration is! While share price movements since our last analysis have proven somewhat lacklustre (link here) the share price has achieved and bettered our initial growth target of 33p while the drop cycle appeared determined not to break 26p. Perhaps some strength is actually evident.

It's now time to make another attempt at explaining how we view price movements.

 

Firstly, we'd proposed criteria for a drop to 25p. In reality, the share "only" dropped to 26.25p before bouncing. Strength?

Second, we've proposed criteria for a lift to 33p initially with secondary, if bettered, of 36.75p. It managed close at 33.25p. Strength?

Third, we've given a small inset on the chart highlighting the last few weeks. The price seems afraid to cross a line. Confusion?

 

There's a particularly uncomfortable facet with Hurricane which we really should not ignore. We'd be horrified if the share now actually closed a session below 25p as this risks a phase toward 10p with ultimate bottom 1.75p. It looks unlikely and we'd be delighted if an excuse were now found to allow the price to CLOSE above BLUE as it substantially, very substantially, reduces the drop calculation logic.

 

However, quite often when a share price is snake charmed by a trend, it indicates some significant news is due and results in the situation where movement above the trend is liable to provoke rather sharp upward travel. In the case of Hurricane, it means (to us, anyway) intraday traffic bettering 33p is very liable to approach 36.75 initially but to be honest, it should not prove difficult to attain our 42p as moves perceived as "breakout" will often prove flamboyant. Fingers crossed time but even near term intraday traffic above just 32p should give early warning something is coming. Ideally, it will not be an opening minute spike as the something coming risks being a train in the other direction!

Chart goes here

FUTURES

 

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:38:01PM

BRENT

56.45

               

10:41:36PM

US CRUD

51.12

49.44

48.935

48.15

50.37

51.25

51.865

52.74

50.23

'cess

10:45:03PM

GOLD

1288.33

               

'cess

10:48:32PM

FTSE

7554.82

               

'cess

10:51:59PM

FRANCE

5375.2

               

'cess

10:54:20PM

GERMANY

12962

               

10:56:55PM

US500

2550

               

Success

10:59:42PM

DOW

22842.3

22768

22735.5

22698

22826

22845

22855.5

22885

22780

Success

11:02:10PM

JAPAN

20815

               

Success

 

SPAIN

watching waiting               Success

 

 

SUCCESS above means both FAST & SLOW targets were met. 'CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today's updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

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. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

 

We can be contacted at [email protected] Spam filters set to maximum so only legit emails get through...

 


Section One - Outlook Updated Today. Click here for Section Two - Outlook Remains Valid shares

 

 

Click Epic to jump to share: LSE:AGM Applied Graph.** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:EMG MAN** **LSE:HSBA HSBC** **LSE:IHG Intercontinental Hotels Group** **LSE:LLOY Lloyds Grp.** **LSE:OPG OPG Power Ventures** **LSE:PMG Parkmead** **LSE:RBS Royal Bank Scot** **LSE:SGP Supergroup** **LSE:UKOG UK Oils and Gas** **

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Updated charts published on : Applied Graph., Barclays, Barrett Devs, British Telecom, MAN, HSBC, Intercontinental Hotels Group, Lloyds Grp., OPG Power Ventures, Parkmead, Royal Bank Scot, Supergroup, UK Oils and Gas,


LSE:AGM Applied Graph. Close Mid-Price: 44 Percentage Change: -31.78% Day High: 54 Day Low: 38.5

This has failed to make any upward break obviously and now, below 38p and ........

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View Previous Applied Graph. & Big Picture ***


LSE:BARCLSE:BARC Barclays. Close Mid-Price: 190 Downtrend now: 209.918 Uptrend now: 0 Percentage Change: + 0.88% Day High: 190.85 Day Low: 188.2

Chart refreshed but otherwise the same: Above 196 still signals 200p next ........

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View Previous Barclays & Big Picture ***


LSE:BDEVLSE:BDEV Barrett Devs. Close Mid-Price: 667.5 Percentage Change: + 1.91% Day High: 667 Day Low: 652

Above 668 points at 676p next with a bit of a stutter. Secondary comes in ........

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View Previous Barrett Devs & Big Picture ***


LSE:BT.A British Telecom Close Mid-Price: 277.05 Percentage Change: -0.88% Day High: 280.25 Day Low: 276.4

Below 276 risks 253p next with secondary, if broken, at 212p. It need only ........

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View Previous British Telecom & Big Picture ***


LSE:EMGLSE:EMG MAN. Close Mid-Price: 179.5 Percentage Change: + 1.70% Day High: 179.9 Day Low: 176.5

Above 180 suggests 192 next with secondary, if bettered, at 222p.

The s ........

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View Previous MAN & Big Picture ***


LSE:HSBALSE:HSBA HSBC. Close Mid-Price: 763.4 Percentage Change: + 1.03% Day High: 769.9 Day Low: 760.5

Now this has actually closed above 760p, it appears bettering 770 shall pr ........

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View Previous HSBC & Big Picture ***


LSE:IHG Intercontinental Hotels Group Close Mid-Price: 4102 Percentage Change: -0.32% Day High: 4133 Day Low: 4096

Now above 4133 and 4208 looks fairly comfortable. Secondary comes along at ........

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View Previous Intercontinental Hotels Group & Big Picture ***


LSE:LLOYLSE:LLOY Lloyds Grp.. Close Mid-Price: 67.1 Percentage Change: + 0.83% Day High: 67.95 Day Low: 66.63

Moves above 68 continue pointing at 69.5p next with secondary 72.7p. Previ ........

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View Previous Lloyds Grp. & Big Picture ***


LSE:OPG OPG Power Ventures Close Mid-Price: 32.5 Percentage Change: -2.26% Day High: 34.25 Day Low: 32

Above 34.25p and movement up to 35.5 with secondary 41 makes sense.

If ........

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View Previous OPG Power Ventures & Big Picture ***


LSE:PMG Parkmead Close Mid-Price: 39 Percentage Change: -0.64% Day High: 44.75 Day Low: 37.5

Target Met. A bit of a waste of time, given all the moves occurred in the ........

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View Previous Parkmead & Big Picture ***


LSE:RBSLSE:RBS Royal Bank Scot. Close Mid-Price: 277.5 Downtrend now: 288.312 Uptrend now: 0 Percentage Change: + 1.95% Day High: 278.6 Day Low: 274.1

Target Met. Movement now above 279p tends make a visit to 290p sensible wi ........

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View Previous Royal Bank Scot & Big Picture ***


LSE:SGPLSE:SGP Supergroup. Close Mid-Price: 1747 Percentage Change: + 0.98% Day High: 1763 Day Low: 1726

Above 1763 and moves to an initial 1784 can be expected where it will prob ........

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View Previous Supergroup & Big Picture ***


LSE:UKOG UK Oils and Gas Close Mid-Price: 6.3 Percentage Change: -0.79% Day High: 6.78 Day Low: 5.8

Target Met. This is really not good as despite recovering from its drop, t ........

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View Previous UK Oils and Gas & Big Picture ***


*** End of "Updated Today" comments on shares. Listed below are those where commentary remains valid.

Click Epic to jump to share:LSE:AFC AFC Energy** **LSE:AMER Amerisur** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:BBY BALFOUR BEATTY** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:BPC Bahamas Pet** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **LSE:CLLN CARILLION PLC** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IEH Intelligent energy** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:KAZ Kaz Minerals** **LSE:LMI LonMin** **LSE:MKS Marks and Spencer** **LSE:MOS Mobile Streams** **LSE:NG. National Glug** **LSE:NIPT Premaltha** **LSE:OXIG Oxford Instruments** **LSE:PMO Premier** **LSE:POG Petrop etc** **LSE:POL Polo Resources** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:QFI Quadrise** **LSE:RED REDT** **LSE:RKH Rockhopper** **LSE:RMG Royal Male** **LSE:RR. Rolls Royce** **LSE:RTHM Rythm One** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SHP Shire** **LSE:STAN Standard Chartered** **LSE:SUMM Summit** **LSE:SXX Sirius Mins** **LSE:TAN Tanfield** **LSE:TCG Thomas Cook Group** **LSE:TLW Tullow** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VEC Vectura** **LSE:VED Vedanta** **LSE:VOD Vodafone** **LSE:VOG VICTORIA** **LSE:WTG Watchstone** **LSE:ZOL Zoldav** **

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Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!

 

Risk Warning & Notice to Investors

Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Trends and Targets Ltd, Shareprice, or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.

 

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