SAN Leon Energy (SLE)

 

Trends and Targets for 12/09/2017

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Published 12th Sept. CASPIAN SUNRISE (LSE:CASP) and a bit of SAN LEON too (LSE:SLE) It's always nice to find a share with a cheery name on this day when we're reminded when the b****rds stole the magic of flying. Even after all these years, the special feeling of looking up at an airplane remains a fond memory. Instead, we just look down and wonder where the bottom is.

This brings us rather neatly to CASPIAN as the share price calculates with a bottom of 5.65p, something achieved twice in recent years. This, thankfully, indicates a share price which has tended play by our rules and creates the scenario where below 5.65p is very likely to provoke a slip now to 4.15p. Rather conveniently this matches the ruling uptrend since 2013, hinting rather strongly at a coming bounce is achieved.

Visually, this sort of flamboyant flourish is the sort of nonsense we've come to expect to complete such a vile long term downtrend this share exhibits. Typically, any bounce should be expected to challenge the ruling downtrend, currently at 10.5p though it'll be worth redrawing the line should 4.15p make an appearance.

Recently, we've become fond of tossing around calculations for numbers which, if bettered, will tend suggest a share has bottomed and now showing some upward strength. In the case of CASP,  in the event of the price trading above just 6.875p mid, it ticks the very first box to suggest it has already bottomed, giving the first sign of hope "something" is about to happen. Of course, our favourite caveat remains - if it betters 6.875 as an opening second spike, forget it.

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SAN LEON ENERGY (LSE:SLE)  Some months ago, we'd speculated of a bottom on SLE at 18p (see inset on chart). Usually when this sort of thing happens, we tend hope for a coming bounce to at least challenge the trend but this particular share had a nasty movement the day prior to its last trading suspension. In fact, we're surprised the 'powers that be' were not asked to find justification for what happened.

Our inclination is to ignore the movement and instead, regard the best hope as being a challenge of the real downtrend - currently at 29p. The next few days should allow a story to develop, so we may revisit the share.

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FUTURES

 

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

9:54:55PM

BRENT

53.84

               

'cess

9:59:54PM

US CRUD

48.45

               

10:02:04PM

GOLD

1327.91

1326.37

1323.5

1319

1337

1344

1345.5

1352

1334

Success

10:04:34PM

FTSE

7429.29

               

'cess

10:12:28PM

FRANCE

5187

5099

5064.5

5026

5122

5180

5189.75

5218

5104

'cess

10:14:51PM

GERMANY

12499

               

'cess

10:16:50PM

US500

2487

               

Success

10:19:13PM

DOW

22057

               

Success

10:22:05PM

JAPAN

19680

               

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:BARC Barclays** **LSE:CAR Carclo** **LSE:EME Empyrean** **LSE:FOXT Foxtons** **LSE:HL. Hargreaves Lansdown** **LSE:IPF International Personal Finance** **LSE:KAZ Kaz Minerals** **LSE:LMI LonMin** **LSE:OPG OPG Power Ventures** **LSE:OXIG Oxford Instruments** **LSE:RKH Rockhopper** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SUMM Summit** **LSE:TSCO Tesco** **LSE:VOD Vodafone** **

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Updated charts published on : Barclays, Carclo, Empyrean, Foxtons, Hargreaves Lansdown, International Personal Finance, Kaz Minerals, LonMin, OPG Power Ventures, Oxford Instruments, Rockhopper, Scancell, Speedyhire, Summit, Tesco, Vodafone,


LSE:BARC Barclays Close Mid-Price: 186.65 Percentage Change: -0.51% Day High: 189 Day Low: 183.95

By just 0.4p, this failed to sprinkle pixy dust on hopes of a bounce but g ........

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View Previous Barclays & Big Picture ***


LSE:CARLSE:CAR Carclo. Close Mid-Price: 140.5 Percentage Change: + 0.72% Day High: 140 Day Low: 137

Below 137 allows for 135 and hopefully a real bounce. But below 135p is a ........

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View Previous Carclo & Big Picture ***


LSE:EMELSE:EME Empyrean. Close Mid-Price: 27.88 Percentage Change: + 28.90% Day High: 27.88 Day Low: 22

Target Met. The extraordinary rise remains with the suggestion of movement ........

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View Previous Empyrean & Big Picture ***


LSE:FOXT Foxtons Close Mid-Price: 80.75 Percentage Change: -2.42% Day High: 83 Day Low: 80

Target Met. Continued leaks below 80p suggest 76p next with secondary, if ........

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View Previous Foxtons & Big Picture ***


LSE:HL.LSE:HL. Hargreaves Lansdown. Close Mid-Price: 1400 Percentage Change: + 0.65% Day High: 1415 Day Low: 1383

Target Met or close enough for an update. Now above 1419p and we're lookin ........

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View Previous Hargreaves Lansdown & Big Picture ***


LSE:IPF International Personal Finance Close Mid-Price: 208.5 Percentage Change: -2.11% Day High: 217.25 Day Low: 208.25

Movement now above 218 allows for 222 next with secondary at 241p. It appe ........

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View Previous International Personal Finance & Big Picture ***


LSE:KAZLSE:KAZ Kaz Minerals. Close Mid-Price: 816 Percentage Change: + 3.55% Day High: 817 Day Low: 787

There's been some messing around going on with this during Sept and moves ........

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View Previous Kaz Minerals & Big Picture ***


LSE:LMI LonMin Close Mid-Price: 82.75 Percentage Change: -1.78% Day High: 84.75 Day Low: 81.5

We've been expecting this to fall off a cliff, something it resolutely has ........

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View Previous LonMin & Big Picture ***


LSE:OPGLSE:OPG OPG Power Ventures. Close Mid-Price: 28.75 Percentage Change: + 5.50% Day High: 29.12 Day Low: 27

This appears to be bouncing with some conviction and now, above 30.25p con ........

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LSE:OXIGLSE:OXIG Oxford Instruments. Close Mid-Price: 1138 Percentage Change: + 0.00% Day High: 1174 Day Low: 1114

Target Met. Movement now bettering 1174 looks capable of 1215p next with s ........

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View Previous Oxford Instruments & Big Picture ***


LSE:RKH Rockhopper Close Mid-Price: 23.25 Percentage Change: -1.06% Day High: 25.5 Day Low: 22.75

Target Met or close enough again for another update. Above 26 and 28.5p re ........

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View Previous Rockhopper & Big Picture ***


LSE:SCLPLSE:SCLP Scancell. Close Mid-Price: 14.12 Percentage Change: + 0.89% Day High: 14.12 Day Low: 14

This has been experiencing some truly fruitcake price moves and we test di ........

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View Previous Scancell & Big Picture ***


LSE:SDY Speedyhire Close Mid-Price: 50.75 Percentage Change: -2.40% Day High: 52 Day Low: 50.25

Target Met. Will it bounce? While below 50 remains with 47 as a point wher ........

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View Previous Speedyhire & Big Picture ***


LSE:SUMMLSE:SUMM Summit. Close Mid-Price: 242.5 Percentage Change: + 14.12% Day High: 265 Day Low: 210

Target Met. Wow. Quick! While above 265p remains pointing at 270 next, the ........

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View Previous Summit & Big Picture ***


LSE:TSCO Tesco Close Mid-Price: 186.15 Percentage Change: -0.85% Day High: 189.25 Day Low: 185.2

By just 0.25p, this appears to be threatening the fuse for growth above 18 ........

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View Previous Tesco & Big Picture ***


LSE:VODLSE:VOD Vodafone. Close Mid-Price: 216.2 Percentage Change: + 1.15% Day High: 216.8 Day Low: 213.85

By 0.8p, VOD has managed tick the first box to suggest bottom is in. Now b ........

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View Previous Vodafone & 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:AGM Applied Graph.** **LSE:AMER Amerisur** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:BPC Bahamas Pet** **LSE:BT.A British Telecom** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **LSE:CLLN CARILLION PLC** **LSE:DGE Diageo** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IEH Intelligent energy** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:MOS Mobile Streams** **LSE:NG. National Glug** **LSE:NIPT Premaltha** **LSE:PMG Parkmead** **LSE:PMO Premier** **LSE:POG Petrop etc** **LSE:POL Polo Resources** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:QFI Quadrise** **LSE:RBS Royal Bank Scot** **LSE:RED REDT** **LSE:RMG Royal Male** **LSE:RR. Rolls Royce** **LSE:RTHM Rythm One** **LSE:SBRY Sainsbury** **LSE:SGP Supergroup** **LSE:SHP Shire** **LSE:STAN Standard Chartered** **LSE:SXX Sirius Mins** **LSE:TAN Tanfield** **LSE:TCG Thomas Cook Group** **LSE:TLW Tullow** **LSE:TW. Taylor Wimpey** **LSE:UKOG UK Oils and Gas** **LSE:VEC Vectura** **LSE:VED Vedanta** **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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