Bushveld Minerals Ltd (BMN)

 

Trends and Targets for 4/04/2018

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BUSHVELD MINERALS (LSE:BMN) It's funny how just the mention of the first two letters of a company share code can provoke a frisson of discomfort. When asked about BMN, we immediately thought "BMR", closely followed by some rather unkind - though deserved - epithets.

However, BMN's share potentials came like a breath of fresh air as something quite positive appears to be occurring with this price. In what passes for 'normal' calculations, the current rise should have fizzled at 14p. As the share actually closed the 3rd April at 14.95p, we've some hope for the future as it appears some real strength is evident.

To cut to the chase, movement now continuing above 15p should enter a cycle toward 19p next. If bettered, secondary calculates at a longer term (if somewhat unlikely unless boosted by positive news) 25p. We should also point out the strong possibility of a stutter at 16.5p fairly soon but we'd hope big picture imperatives shall boost the price over such a point toward the 19p target.

If trouble is planned, we're inclined to rely on the sudden downward spike on March 26th as this appears designed to provide a near term uptrend. It creates the scenario where the market needs break the dashed RED line - currently 12p - to indicate a slowdown potential. Such a movement should prove capable of reversal to 9.5p and - hopefully - another bounce.

Chart goes here

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:23:20PM

BRENT

68.07

               

10:25:30PM

GOLD

1333.27

1328

1326.585

1320.53

1341

1344.75

1348.2

1354.6

1330


10:27:27PM

FTSE

7044

             

6998


10:29:42PM

FRANCE

5171

             

5131


10:31:57PM

GERMANY

12061

             

11913


10:34:10PM

US500

2612

             

2573


10:36:36PM

DOW

24009

             

23850


10:38:24PM

NASDAQ

6455

             

6363


10:40:22PM

JAPAN

21482

21251

21158.5

21044

21436

21502

21691

21955

21251


 

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

The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!

Click Epic to jump to share: LSE:HL. Hargreaves Lansdown** **LSE:IHG Intercontinental Hotels Group** **LSE:OXIG Oxford Instruments** **LSE:RTHM Rythm One** **LSE:SXX Sirius Mins** **LSE:ZOL Zoldav** **

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Updated charts published on : Hargreaves Lansdown, Intercontinental Hotels Group, Oxford Instruments, Rythm One, Sirius Mins, Zoldav,


LSE:HL.LSE:HL. Hargreaves Lansdown. Close Mid-Price: 1636.5 Percentage Change: + 0.21% Day High: 1640.5 Day Low: 1594

2018=18

This is pretty risky as, while weakness below 1594 signals 1560p with boun ........

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View Previous Hargreaves Lansdown & Big Picture ***


LSE:IHG Intercontinental Hotels Group Close Mid-Price: 0 Percentage Change: -0.87% Day High: 4243 Day Low: 4196

2018=9

Target Met or close enough. Movement now below 4190 is liable to provoke t ........

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View Previous Intercontinental Hotels Group & Big Picture ***


LSE:OXIGLSE:OXIG Oxford Instruments. Close Mid-Price: 769 Percentage Change: + 3.78% Day High: 775 Day Low: 740

2018=14

Above 755 remains pointing at movement toward 798 with secondary, if bette ........

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View Previous Oxford Instruments & Big Picture ***


LSE:RTHM Rythm One Close Mid-Price: 172 Percentage Change: -1.71% Day High: 176 Day Low: 168

2018=9

Below 168 now indicates 145 initially with secondary still at a "must boun ........

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View Previous Rythm One & Big Picture ***


LSE:SXXLSE:SXX Sirius Mins. Close Mid-Price: 32.2 Percentage Change: + 6.06% Day High: 32.7 Day Low: 30.34

2018=28

Now above 32.7p still makes travel toward 34p probable with secondary, if ........

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View Previous Sirius Mins & Big Picture ***


LSE:ZOLLSE:ZOL Zoldav. Close Mid-Price: 22 Percentage Change: + 12.82% Day High: 22.5 Day Low: 18

2018=9

Some sort of game is being played with this. Now above 22.5p and movement ........

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View Previous Zoldav & Big Picture ***


*** End of "Updated Today" comments on shares. Listed below are those where commentary remains valid.

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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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