Trends and Targets for 23/05/2017
GAME DIGITAL (LSE:GMD) & #Nutters Hashtag Nutters is a reference to ourselves and a favourite area of irritation. The "Alphabet Game" which the stock market often indulges; earlier alphabet entries being more active, has once again made itself known. In shares we monitor, 131 "A-M" shares feature against just 81 "N-Z" stocks so far in May. The conclusion remains, if you want a faster mover then look at the first half of the alphabet.
GAME DIGITAL (LSE:GMD) has experienced a pretty torrid time over the last few years, proving an early entry in the alphabet does NOT mean fast growth, just faster movement regardless of direction! The situation now is a bit fragrant as the price dare not - from our perspective - close below 40p as it tends make travel to 20p almost inevitable. Perhaps of greater concern is we cannot calculate a secondary without using minus signs. The conclusion therefore is should this appear at 20p, some sort of punt is possible in the hope of a bounce but it's dangerous.
Some slight hope can be taken from BLUE on the chart as, despite the share price sleep walking through the trend, it has only experienced a 6p range in the period since. Perhaps BLUE will prove to be valid as anything now above 47p should provide an initial 53p with secondary, if bettered, at a longer term 61p. As always, there's a necessary limit to our optimism as the price ideally needs an excuse to better the prior bonk against the trend at 69p before we'll gush enthusiastically about its future.
For now, about the nicest we dare suggest comes from movements through most of January where a glass ceiling was poured at 60p. Perhaps closure above this level will prove an early harbinger of good times ahead.
|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.
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:ASC Asos** **LSE:BARC Barclays** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CEY Centamin** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:KAZ Kaz Minerals** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:NG. National Glug** **LSE:OPG OPG Power Ventures** **LSE:TLW Tullow** **LSE:VOD Vodafone** **
Updated charts published on : Asos, Barclays, BP PLC, British Telecom, Centamin, Glencore Xstra, Hikma, Kaz Minerals, Lloyds Grp., Marks and Spencer, National Glug, OPG Power Ventures, Tullow, Vodafone,
LSE:ASCLSE:ASC Asos. Close Mid-Price: 6209 Percentage Change: + 0.96% Day High: 6218 Day Low: 6110
Further oomph bettering 6218 remains pointing at 6464 next as a pretty maj ........
LSE:BARC Barclays Close Mid-Price: 213.65 Percentage Change: -0.02% Day High: 216.1 Day Low: 213.1
Now above 216.1 should confirm bottom is in and produce a near term ^up to ........
LSE:BP.LSE:BP. BP PLC. Close Mid-Price: 473.95 Downtrend now: 543.178 Uptrend now: 329.231 Percentage Change: + 0.38% Day High: 478 Day Low: 472.3
Now ^up above 478p should signal near term oomph to 490p next with seconda ........
LSE:BT.ALSE:BT.A British Telecom. Close Mid-Price: 314.85 Percentage Change: + 1.06% Day High: 316 Day Low: 311.65
Unusually, by 0.85p, BT appears to have done the right thing. It results i ........
LSE:CEYLSE:CEY Centamin. Close Mid-Price: 169.8 Percentage Change: + 0.89% Day High: 170.5 Day Low: 167.8
This appears to have experienced a serious bounce as moves above 171p stil ........
LSE:GLENLSE:GLEN Glencore Xstra. Close Mid-Price: 296.5 Percentage Change: + 0.46% Day High: 299.5 Day Low: 295.35
Above 300p suggests 307 as the next point of interest with secondary 327p. ........
LSE:HIK Hikma Close Mid-Price: 1656 Percentage Change: -4.61% Day High: 1744 Day Low: 1656
This now appears a little crooked as below 1656 expects 1555 initially wit ........
LSE:KAZLSE:KAZ Kaz Minerals. Close Mid-Price: 500 Percentage Change: + 0.87% Day High: 512 Day Low: 498.9
It took a while but KAZ has almost reached optimistic territory. Above 512 ........
LSE:LLOYLSE:LLOY Lloyds Grp.. Close Mid-Price: 71.79 Percentage Change: + 0.01% Day High: 72.47 Day Low: 71.75
Lloyds Grp. needs mid-price trades ABOVE 72.5 to improve acceleration towa ........
LSE:MKSLSE:MKS Marks and Spencer. Close Mid-Price: 395.5 Percentage Change: + 2.75% Day High: 397.2 Day Low: 385.2
Movement above 398p still suggests 402p as a significant stutter level. Se ........
LSE:NG.LSE:NG. National Glug. Close Mid-Price: 1063.5 Percentage Change: + 0.90% Day High: 1067 Day Low: 1049.5
Now above 1077 still points at 1090 next with secondary a longer 1193p.
LSE:OPG OPG Power Ventures Close Mid-Price: 40.75 Percentage Change: -1.21% Day High: 41.25 Day Low: 40.25
Below 40 suggests 37.5 next with secondary 33p. It needs better 47p to get ........
LSE:TLWLSE:TLW Tullow. Close Mid-Price: 213.9 Percentage Change: + 1.62% Day High: 216.2 Day Low: 211
This appears to have gotten itself out of trouble finally. Above 217 start ........
LSE:VODLSE:VOD Vodafone. Close Mid-Price: 224.35 Downtrend now: 239.718 Uptrend now: 208.668 Percentage Change: + 1.84% Day High: 225.6 Day Low: 220.7
Above 226p points at 228p next and a probable stutter. Only with closure a ........
*** 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:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:BLVN Bowleven** **LSE:BPC Bahamas Pet** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CLLN CARILLION PLC** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **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:LMI LonMin** **LSE:MONI Monitise** **LSE:MOS Mobile Streams** **LSE:NIPT Premaltha** **LSE:OXIG Oxford Instruments** **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: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:SHP Shire** **LSE:SL. Standard Life** **LSE:STAN Standard Chartered** **LSE:SUMM Summit** **LSE:SXX Sirius Mins** **LSE:TAN Tanfield** **LSE:TCG Thomas Cook Group** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VED Vedanta** **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!
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.
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.
Note: The analysts cannot give financial advice or strategy solutions. If you want to get hold of them, their email is: [email protected]