Trends and Targets for 24/01/2017

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Fastjet (LSE:FJET) It has been a few months since we last looked at Fastjet (link here). The price managed to achieve our 13.5p, actually beating it briefly at the open and in the period since, the share has achieved a degree of recovery.

As the chart illustrates, the price has sleepwalked through the downtrend since 2015 and done exactly nothing since. We'd be nervous advocating any near term rise potentials until such time it starts trading above 19.5p as growth to an initial 24.5 looks about right. Better still, with closure above 24.5p, there's a strong argument favouring 35p and a period of almost certain stutters. The chart shows a few previous occasions when the share reached such a level before the trend break occurred and doubtless selling pressure will slow down any future rise as the folk trapped since June 2016 bail at break even.

However, we can extrapolate a doubtless distant 65p should the price ever manage to actually close above 65p. Amazingly, this coincides suspiciously neatly with the circled gap.

If trouble is planned, should it find any reason to visit 13.5p again, we'll be inclined to move seats to the upright position, place our head between our legs, and kiss our "a**e goodbye. Bottom is at a best guess 4.1p.

Chart goes here

FUTURES

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Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:26:12PM BRENT 55.64                
9:28:46PM USCRUDE 52.92                
9:30:46PM GOLD 1217.34 1209 1205.5 1201 1216 1219 1221 1225 1214 'cess
9:34:08PM FTSE 7174                 Success
9:46:16PM FRANCE 4834                 Success
9:48:08PM GERMANY 11574                 'cess
9:51:30PM US500 2266 2259 2254.5 2247 2267 2270.5 2273.5 2276 2265 Success
9:53:22PM DOW 19800                 Sorry
9:55:43PM JAPAN 18850                 'cess

 

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:BPC Bahamas Pet** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:KAZ Kaz Minerals** **LSE:SGP Supergroup** **LSE:SHP Shire** **LSE:TLW Tullow** **LSE:TSCO Tesco** **LSE:VOD Vodafone** **

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Updated charts published on : Asos, Bahamas Pet, IG Group, International Personal Finance, Kaz Minerals, Supergroup, Shire, Tullow, Tesco, Vodafone,


LSE:ASC Asos Close Mid-Price: 5127 Percentage Change: -0.83% Day High: 5196 Day Low: 5002

Target met. If Asos experiences continued weakness below 5002, it will inv ........

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View Previous Asos & Big Picture ***


LSE:BPCLSE:BPC Bahamas Pet. Close Mid-Price: 1.52 Percentage Change: + 33.77% Day High: 1.5 Day Low: 1.17

In the event of Bahamas Pet enjoying further trades beyond 1.5, the share ........

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View Previous Bahamas Pet & Big Picture ***


LSE:IGGLSE:IGG IG Group. Close Mid-Price: 541 Percentage Change: + 0.19% Day High: 543 Day Low: 532

This feels like it has started to move and while it has not yet achieved 5 ........

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View Previous IG Group & Big Picture ***


LSE:IPFLSE:IPF International Personal Finance. Close Mid-Price: 174.4 Downtrend now: 211.174 Uptrend now: 0 Percentage Change: + 1.22% Day High: 174.5 Day Low: 168.4

This appears to be at the start of a possible slight recovery attempt. Abo ........

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View Previous International Personal Finance & Big Picture ***


LSE:KAZLSE:KAZ Kaz Minerals. Close Mid-Price: 423.3 Percentage Change: + 3.17% Day High: 426.3 Day Low: 409.9

Despite a cracker of a day, the price still has to better 439 to trigger " ........

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View Previous Kaz Minerals & Big Picture ***


LSE:SGPLSE:SGP Supergroup. Close Mid-Price: 1556 Percentage Change: + 0.97% Day High: 1569 Day Low: 1537

Continued weakness against SGP taking the price below 1537 calculates as l ........

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View Previous Supergroup & Big Picture ***


LSE:SHP Shire Close Mid-Price: 4320 Percentage Change: -1.66% Day High: 4363 Day Low: 4299

In the event Shire experiences weakness below 4299 it calculates with a dr ........

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View Previous Shire & Big Picture ***


LSE:TLW Tullow Close Mid-Price: 296.7 Percentage Change: -1.95% Day High: 302.5 Day Low: 294.9

Movement now below 294 suggests 282p initially with secondary a probable b ........

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View Previous Tullow & Big Picture ***


LSE:TSCO Tesco Close Mid-Price: 195 Percentage Change: -1.66% Day High: 197.7 Day Low: 194.75

Anything below 194 points at 186.5 and solidly into the zone where anythin ........

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View Previous Tesco & Big Picture ***


LSE:VOD Vodafone Close Mid-Price: 203.2 Percentage Change: -1.38% Day High: 205 Day Low: 202.45

Below 202 still points at 200 next with secondary, if broken, at 181p.

T ........

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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:AV. Aviva** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:CAR Carclo** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **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:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IEH Intelligent energy** **LSE:IGAS Igas Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:LMI LonMin** **LSE:MKS Marks and Spencer** **LSE:MONI Monitise** **LSE:MOS Mobile Streams** **LSE:NG. National Glug** **LSE:NIPT Premaltha** **LSE:OPG OPG Power Ventures** **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:RXP Roxi Pet.** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SL. Standard Life** **LSE:STAN Standard Chartered** **LSE:SUMM Summit** **LSE:TAN Tanfield** **LSE:TCG Thomas Cook Group** **LSE:TPL Tethys** **LSE:TW. Taylor Wimpey** **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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