Trends and Targets for 24/01/2017
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.
|Time Issued||Market||Price At Issue||Short Entry||Fast Exit||Slow Exit||Stop||Long Entry||Fast Exit||Slow Exit||Stop||Prior|
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: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** **
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 ........
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 ........
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 ........
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 ........
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 " ........
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 ........
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 ........
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 ........
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 ........
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.
*** End of "Updated Today" comments on shares. Listed below are those where commentary remains valid.
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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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