National Grid (NG.)

 

Trends and Targets for 13/02/2018

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National Grid (LSE:NG.) It can be quite strange, how some days the FTSE shows as 1%+ up yet from our perspective, nothing is happening. This nonsense occurs when the market moves within trigger levels, essentially pretending to be interesting. On Monday, the action happened between 8:09am and 9am and a trading range of 28 points.

Or in plain English, nothing actually happened.

But with National Grid, something almost did occur to judge by emails received. This lot are "one of ours", a share we monitor on a daily basis for clients. For some time, we've been warning this is on a path to 690p with secondary, when broken, at a bouncy bottom hopefully around the 630p mark.

The dashed line across the bottom of the screen dates from 2003 and certainly gives hope some justification will be found for a bounce should 630p - or so - make an appearance eventually. Alas, we've a slight concern about the 630p ambition as it catapults the share price into a region where 490p makes a long term attraction, rather effectively matching the lows of 2010 and signalling a viable entry point. If it even appears!

There's very little positive showing against this lot as the price needs better RED at 950p currently before we'd abandon our expectation against further drops coming. If looking for straws to clutch, the immediate downtrend (BLUE) is currently 850p, suggesting the share needs grow by a quid just to ease the immediate pace of descent.

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

--

10:23:03PM

BRENT

62.54

               

--

10:28:26PM

US CRUD

59.2

               

'cess

Dn

10:41:58PM

GOLD

1323.14

1315

1312.5

1308

1323

1326

1328.67

1334.56

1318


UP

10:43:44PM

FTSE

7207

               

'cess

--

10:46:06PM

FRANCE

5169.2

5093

5077.5

5044

5140

5178

5211.5

5291

5110


UP

10:48:19PM

GERMANY

12348

               

UP

10:55:27PM

US500

2655.34

               

'cess

--

10:58:02PM

DOW

24608

               

'cess

--

11:00:50PM

JAPAN

21644

               

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:GKP Gulf Keystone** **LSE:IQE IQE** **LSE:KAZ Kaz Minerals** **LSE:LMI LonMin** **LSE:MOS Mobile Streams** **LSE:QFI Quadrise** **

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Updated charts published on : Gulf Keystone, IQE, Kaz Minerals, LonMin, Mobile Streams, Quadrise,


LSE:GKPLSE:GKP Gulf Keystone. Close Mid-Price: 114.4 Percentage Change: + 7.92% Day High: 115 Day Low: 108

This lot appear to be bouncing just above the 106 drop trigger, so it feel ........

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View Previous Gulf Keystone & Big Picture ***


LSE:IQELSE:IQE IQE. Close Mid-Price: 106.7 Percentage Change: + 6.17% Day High: 111.5 Day Low: 101

We're going to move the goalposts here as, despite the RED line on the scr ........

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View Previous IQE & Big Picture ***


LSE:KAZLSE:KAZ Kaz Minerals. Close Mid-Price: 788 Percentage Change: + 2.95% Day High: 803.6 Day Low: 779

Target Met. This is awkward. It met our 795 but utterly failed to close ab ........

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View Previous Kaz Minerals & Big Picture ***


LSE:LMILSE:LMI LonMin. Close Mid-Price: 69.8 Percentage Change: + 2.27% Day High: 69.9 Day Low: 66.45

Further weakness below 66p now looks capable of drilling down to 60p next ........

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View Previous LonMin & Big Picture ***


LSE:MOSLSE:MOS Mobile Streams. Close Mid-Price: 1.62 Percentage Change: + 12.07% Day High: 1.65 Day Low: 1.45

We are willfully ignoring this as it's trading in extremely dangerous terr ........

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View Previous Mobile Streams & Big Picture ***


LSE:QFILSE:QFI Quadrise. Close Mid-Price: 9.1 Percentage Change: + 13.75% Day High: 7.5 Day Low: 7.5

In an extremely odd session, this avoided changing price until the market ........

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View Previous Quadrise & Big Picture ***


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

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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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