Trends and Targets for 13/07/2017
HURRICANE ENERGY (LSE:HUR) It's truly unusual for May to do something without reaching the inevitable conclusion the UK PM has, once again, embraced "silly". But in the case of Hurricane, May certainly has a lot to answer for and the very deliberate decline in the share price bothers us rather a lot. Apparently the magic number is currently 32.925p.
When we view the somewhat artificial decline since May, the share price requires exceed 32.925p to exceed BLUE and hopefully suggest it's ceased dropping. Alas, we're not terribly comfortable with this calculation as the FOUR price moves which define BLUE tend come with the threat of the market having a cunning plan, proving single minded in their devotion.
Or to cut through the flowery language, it looks like the sods want the price to hit 25p, maybe even 20p if "they" intend playing games with the folk who jump in with the assumption the circled gap will provoke a bounce.
If this is indeed the markets secret plan, we'd tend distrust any break of BLUE as it's liable to prove short lived.
While perhaps it may appear absurd we apply such larcenous notions, the illusion of a stock market driven by Malthus theory of Supply & Demand has long vanished, along with any residual respect for a certain Economics lecturer! (Clue: he also believed in Moving Averages as a reliable trend indicator...)
So, what happens if BLUE - currently 32.925 - is bettered. In theory this should generate growth toward 36p initially and while a 3p rise isn't of particular interest, in the event 36p is bettered we'd tend anticipate 39 fairly soon thereafter. Our logic runs along the lines should 36p be exceeded, it ticks the first box to confirm bottom is "in". This being the case, beyond 39p is a visually pleasing jump to 47p.
Oh, and if it breaks 20p, it's stuffed and risks 10p.
|Time Issued||Market||Price At Issue||Short Entry||Fast Exit||Slow Exit||Stop||Long Entry||Fast Exit||Slow Exit||Stop||Prior|
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.
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Section One - Outlook Updated Today. Click here for Section Two - Outlook Remains Valid shares
Click Epic to jump to share: LSE:ASC Asos** **LSE:CLLN CARILLION PLC** **LSE:FGP Firstgroup** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:KAZ Kaz Minerals** **LSE:MKS Marks and Spencer** **LSE:OXIG Oxford Instruments** **LSE:PMO Premier** **LSE:RBS Royal Bank Scot** **LSE:SHP Shire** **LSE:VED Vedanta** **
Updated charts published on : Asos, CARILLION PLC, Firstgroup, Glencore Xstra, Hikma, Kaz Minerals, Marks and Spencer, Oxford Instruments, Premier, Royal Bank Scot, Shire, Vedanta,
LSE:ASCLSE:ASC Asos. Close Mid-Price: 5810 Percentage Change: + 1.01% Day High: 5989 Day Low: 5757
This appears to be playing by the rules as continued oomph above 5990 sugg ........
LSE:CLLN CARILLION PLC Close Mid-Price: 57.2 Percentage Change: -26.57% Day High: 80.6 Day Low: 55.15
Target Met. Fingers crossed time as, despite it breaking 57 during the ses ........
LSE:FGP Firstgroup Close Mid-Price: 115.6 Percentage Change: -2.86% Day High: 120.5 Day Low: 114.5
Target Met. Ideally it shall now bounce as the implications below 114 are ........
LSE:GLENLSE:GLEN Glencore Xstra. Close Mid-Price: 315 Percentage Change: + 2.44% Day High: 317.1 Day Low: 308.7
Up above 318p still suggests 324p shall prove a viable ambition. Secondary ........
LSE:HIKLSE:HIK Hikma. Close Mid-Price: 1380 Percentage Change: + 1.92% Day High: 1391 Day Low: 1340
Below 1340 points at 1271 and ideally a bounce. Moves below allow a dreadf ........
LSE:KAZLSE:KAZ Kaz Minerals. Close Mid-Price: 588 Percentage Change: + 4.44% Day High: 589.5 Day Low: 564
Target Met or close enough as above 592p still suggests 651p initially wit ........
LSE:MKS Marks and Spencer Close Mid-Price: 316.2 Percentage Change: -2.14% Day High: 322.6 Day Low: 314.3
Target Met. This is the third share tonight which reached a bounce point, ........
LSE:OXIGLSE:OXIG Oxford Instruments. Close Mid-Price: 1002 Percentage Change: + 0.20% Day High: 1015 Day Low: 985.5
Although the share did not close below 1000p we're worried as weakness bel ........
LSE:PMOLSE:PMO Premier. Close Mid-Price: 62.5 Percentage Change: + 35.14% Day High: 64.25 Day Low: 57
Target Met. Despite a stonking day, we're not entirely enthusiastic for th ........
LSE:RBS Royal Bank Scot Close Mid-Price: 251.5 Percentage Change: -1.95% Day High: 265.5 Day Low: 250.9
Whatever occured with this during the session indicates weakness below 250 ........
LSE:SHPLSE:SHP Shire. Close Mid-Price: 4270 Percentage Change: + 2.67% Day High: 4286.5 Day Low: 4166
Sometimes it feels someone in the market reads our stuff and plays with us ........
LSE:VEDLSE:VED Vedanta. Close Mid-Price: 729.5 Percentage Change: + 0.83% Day High: 738 Day Low: 723.5
Now above 738 suggests coming growth to 745 with secondary 800p. While we ........
*** 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:AV. Aviva** **LSE:BARC Barclays** **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:CAR Carclo** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:HL. Hargreaves Lansdown** **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:IPF International Personal Finance** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:LMI LonMin** **LSE:MONI Monitise** **LSE:MOS Mobile Streams** **LSE:NG. National Glug** **LSE:NIPT Premaltha** **LSE:OPG OPG Power Ventures** **LSE:PMG Parkmead** **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:SGP Supergroup** **LSE:SL. Standard Life** **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:VOD Vodafone** **LSE:VOG VICTORIA** **LSE:WTG Watchstone** **LSE:ZOL Zoldav** **
Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!
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About the author
Trends and Targets - a new name, but the same old team of analysts with their magic secret software! Formerly Precogz, they provide Interactive Investor’s clients with daily movement forecasts before trading commences, covering nearly 50 of the most popular traded shares.
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