Trends and Targets for 31/08/2017
HURRICANE & PAN AFRICAN (LSE:HUR & LSE:PAF) The plethora of damp misery from the USA almost demands we visit HURRICANE ENERGY just to remain on-topic. Whereas a client rather spoiled our aloof behaviour by advising PAN AFRICAN are liable to benefit should our recent GOLD thoughts come to fruition. In fairness, it's probably a better reason rather than our in-house addiction to Gold Rush on telly!
It must be admitted Hurricane Energy sounds better than Hurricane Harvey but both share a similarity in dampening the outlook for those involved. In the case of LSE:HUR, we rather suspect it's close to a logical "bottom", a point where some sort of bounce should be expected. We're a little vague on this subject due to the plethora of manipulation movements at the open recently but there's now a heck of an argument favouring a bounce from 25p.
We're not entirely sure whether we should actually believe this due to everyone and their dog painting a circle at the gap from 24.5p and convincing themselves the price shall cover the gap before any bounce. This, rather effectively, risks creating a self fulfilling prophecy. Our secondary target, if 25p broken, now calculates at 22p where it almost must bounce. The implication, if it doesn't, is an ultimate bottom of 10p which is visually ridiculous.
Any bounce exceeding 29.5p will better the immediate downtrend, launching the price toward 33p initially hopefully with secondary a very possible 36.75p. Beyond such a point, we will require running the numbers again as some sharp upward travel becomes very possible.
PAN AFRICAN (LSE:PAF) This has exhibited quite a respectable downtrend with traders obviously gearing every decision since July 2016 to ensure the share price failed ever better the BLUE line. Joking aside, this level of manual control can often provide some hysterics as a break above signals control has eased and some swift travel generally follows. The immediate trend suggests anything above 15.5p should target an initial 17.75p. Secondary, if such bettered, comes in at either 21.25 or 23.75p - we're forced to be vague thanks to some manipulation in November 2016 and suspect the reality shall prove to be a glass ceiling at 22p - a series of highs which also match the downtrend.
Rather conveniently, it's also roughly half way between our secondary targets and there's nothing wrong with a reasonable compromise!
|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:AV. Aviva** **LSE:BPC Bahamas Pet** **LSE:BT.A British Telecom** **LSE:EME Empyrean** **LSE:EZJ EasyJet** **LSE:GKP Gulf Keystone** **LSE:IAG British Airways** **LSE:KAZ Kaz Minerals** **LSE:NG. National Glug** **LSE:OPG OPG Power Ventures** **LSE:PMG Parkmead** **LSE:RBS Royal Bank Scot** **LSE:SDY Speedyhire** **LSE:WTG Watchstone** **
Updated charts published on : Asos, Aviva, Bahamas Pet, British Telecom, Empyrean, EasyJet, Gulf Keystone, British Airways, Kaz Minerals, National Glug, OPG Power Ventures, Parkmead, Royal Bank Scot, Speedyhire, Watchstone,
LSE:ASC Asos Close Mid-Price: 5731 Percentage Change: -2.96% Day High: 5950 Day Low: 5611
This has gotten a bit messy. It has broken the immediate uptrend and now, ........
LSE:AV.LSE:AV. Aviva. Close Mid-Price: 517 Percentage Change: + 0.00% Day High: 523.5 Day Low: 516.5
Anything now below 512 signals 495 next with secondary 461p. Anything near ........
LSE:BPC Bahamas Pet Close Mid-Price: 0.98 Downtrend now: 1.446 Uptrend now: 0 Percentage Change: -2.50% Day High: 1 Day Low: 0.96
Below 0.925p suggests bottom at 0.7p.
If needs above 1.56 to escape the ........
LSE:BT.ALSE:BT.A British Telecom. Close Mid-Price: 290.7 Percentage Change: + 1.03% Day High: 291.9 Day Low: 288.5
Target Met. Below 284 remains wuth 253 / 212 but we're almost hopeful at t ........
LSE:EMELSE:EME Empyrean. Close Mid-Price: 10 Percentage Change: + 8.11% Day High: 11 Day Low: 9.62
The interesting movement to 11p early in the session, along with the salie ........
LSE:EZJ EasyJet Close Mid-Price: 1182 Percentage Change: -1.99% Day High: 1208 Day Low: 1181
Below 1181 is still dangerous, suggesting 1129 initially with slight hope ........
LSE:GKPLSE:GKP Gulf Keystone. Close Mid-Price: 121.75 Percentage Change: + 5.87% Day High: 122 Day Low: 115
Now above 122p and apparently we should speculate on 127 next with seconda ........
LSE:IAG British Airways Close Mid-Price: 601 Downtrend now: 611.929 Uptrend now: 0 Percentage Change: -1.39% Day High: 613.5 Day Low: 600.5
Once again, this has been forced below BLUE and now, the suggestion is of ........
LSE:KAZ Kaz Minerals Close Mid-Price: 824 Percentage Change: -0.78% Day High: 839 Day Low: 821.5
Now above 843 points at 860 and a suspicion of a major stutter as the seco ........
LSE:NG.LSE:NG. National Glug. Close Mid-Price: 965.7 Percentage Change: + 0.41% Day High: 966.3 Day Low: 956.1
Anything now above 979 should bring 988 into view which, if bettered, give ........
LSE:OPG OPG Power Ventures Close Mid-Price: 31.88 Percentage Change: -24.56% Day High: 38 Day Low: 30.88
Target Met. This is really not good as it broke 33p Below 30.88 allows for ........
LSE:PMG Parkmead Close Mid-Price: 34.5 Percentage Change: -6.76% Day High: 36 Day Low: 34.5
Target Met. It broke below 35.5 leaving 32p as the next point where a boun ........
LSE:RBS Royal Bank Scot Close Mid-Price: 248.5 Percentage Change: -0.92% Day High: 253.1 Day Low: 248.5
Further weakness below 248 indicates 244 next with secondary, when broken, ........
LSE:SDY Speedyhire Close Mid-Price: 53 Percentage Change: -2.08% Day High: 54.5 Day Low: 52.5
This has managed drill itself in the head as below 52.5 hints at 50 with s ........
LSE:WTGLSE:WTG Watchstone. Close Mid-Price: 90 Percentage Change: + 5.26% Day High: 89.5 Day Low: 85
We're not entirely convinced anything realistic is happening here but abov ........
*** 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:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **LSE:CLLN CARILLION PLC** **LSE:DGE Diageo** **LSE:EMG MAN** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **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:MKS Marks and Spencer** **LSE:MONI Monitise** **LSE:MOS Mobile Streams** **LSE:NIPT Premaltha** **LSE:OXIG Oxford Instruments** **LSE:PMO Premier** **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:SGP Supergroup** **LSE:SHP Shire** **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:UKOG UK Oils and Gas** **LSE:VEC Vectura** **LSE:VED Vedanta** **LSE:VOD Vodafone** **LSE:VOG VICTORIA** **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.
Note: The analysts cannot give financial advice or strategy solutions. If you want to get hold of them, their email is: [email protected]