Trends and Targets for 6/02/2018

Share this

IQE (LSE:IQE) & some DOW thoughts The media will be awash with scare stories of the DOW JONES suffering its biggest drop ever, all designed to grab headlines and frankly misinform. Aug 24th, 2015 was considerably worse, -6.67% while 16,000 points, but as the DOW is now 24,000+, mislaying 1600 points in a single session was frankly careless.

And 800 points were dropped in just 8 minutes of the session.

We were not entirely surprised at the miracle recovery toward 24,800 as it carried a vague promise for continued oomph to around 25,500 points. Alas, it was not to be as the miracle faded like a politicians promise, refusing to budge beyond 24,800. Perhaps tomorrow will yield a surprise...

For some reason, IQE was a share we were continually asked about during the Monday. It's 'one of ours' and quite oddly, managed to close the session at a target level we've been postulating for over a month. We're a little perturbed at the movement below 102 during the session as it hints, very dangerously, 87p should provide a bottom.

This notion worries as, especially as it risks challenging RED, the immediate uptrend. The implication, should RED break, is of further dismal travel down to 57p, rather effectively undoing all the good work of the last year.

Who knows though, perhaps the low of 89p shall prove sufficiently close to our 87p calculation to promote a bounce?

In the event of the price managing a miracle above  112p, we'd view it as beating the immediate downtrend and capable of continuing growth to 116p. Then, it becomes a matter of where the price closes as above 116p and we're expecting future recovery toward 135p.

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

Dn

10:02:22PM

BRENT

66.93

               

Success

Dn

10:05:28PM

US CRUD

63.3

               

'cess

--

10:07:26PM

GOLD

1339.98

1327

1321.68

1315.03

1337

1342

1343.85

1349.31

1332


--

10:14:56PM

FTSE

7089.42

               

Success

--

10:21:10PM

FRANCE

5125

5111

5095

4934

5195

5277

5332

5409

5237

Success

--

10:24:39PM

GERMANY

12157

               

Success

UP

10:28:18PM

US500

2619.65

               

Success

Dn

10:32:58PM

DOW

24085

               

Success

Dn

10:36:25PM

JAPAN

21594

               

Success

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:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:HIK Hikma** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:IQE IQE** **LSE:KAZ Kaz Minerals** **LSE:MKS Marks and Spencer** **LSE:NG. National Glug** **LSE:POLY Polymetal** **LSE:RBS Royal Bank Scot** **LSE:RR. Rolls Royce** **LSE:SDY Speedyhire** **LSE:SHP Shire** **LSE:SUMM Summit** **LSE:TLW Tullow** **LSE:TW. Taylor Wimpey** **LSE:VEC Vectura** **LSE:VOD Vodafone** **

********

Updated charts published on : Barclays, BALFOUR BEATTY, Barrett Devs, Hikma, British Airways, Intercontinental Hotels Group, IQE, Kaz Minerals, Marks and Spencer, National Glug, Polymetal, Royal Bank Scot, Rolls Royce, Speedyhire, Shire, Summit, Tullow, Taylor Wimpey, Vectura, Vodafone,


LSE:BARC Barclays Close Mid-Price: 193.92 Percentage Change: -0.84% Day High: 196.34 Day Low: 192.9

Movement now below 192 tends demand coming weakness to an initial 186 with ........

Subscribe for more

View Previous Barclays & Big Picture ***


LSE:BBY BALFOUR BEATTY Close Mid-Price: 268.5 Percentage Change: -1.00% Day High: 269.8 Day Low: 265.2

Target Met. Now below 265 and it almost must bounce at 263.5 as the risk b ........

Subscribe for more

View Previous BALFOUR BEATTY & Big Picture ***


LSE:BDEV Barrett Devs Close Mid-Price: 567 Percentage Change: -1.32% Day High: 570 Day Low: 561.6

Weakness continuing below 561 looks like powering movement to 538 with sec ........

Subscribe for more

View Previous Barrett Devs & Big Picture ***


LSE:HIK Hikma Close Mid-Price: 915.2 Percentage Change: -2.85% Day High: 947.6 Day Low: 875

Target Met. Continued weakness now below 875 points at 844 next with secon ........

Subscribe for more

View Previous Hikma & Big Picture ***


LSE:IAG British Airways Close Mid-Price: 625.8 Percentage Change: -0.60% Day High: 629.2 Day Low: 611

This is showing theoretical early signs of trouble as weakness below 611 s ........

Subscribe for more

View Previous British Airways & Big Picture ***


LSE:IHG Intercontinental Hotels Group Close Mid-Price: 4601 Percentage Change: -1.18% Day High: 4611 Day Low: 4557

Target Met. Now below 4550 and a trip down to 4483 looks viable with secon ........

Subscribe for more

View Previous Intercontinental Hotels Group & Big Picture ***


LSE:IQE IQE Close Mid-Price: 102 Percentage Change: -2.30% Day High: 106.8 Day Low: 89

Target Met. This is now at real risk of pain with below 89 now giving 87 w ........

Subscribe for more

View Previous IQE & Big Picture ***


LSE:KAZLSE:KAZ Kaz Minerals. Close Mid-Price: 809.8 Percentage Change: + 1.53% Day High: 822 Day Low: 784.4

Below 784 and it remains with the potential of a trip to 770 expected, whe ........

Subscribe for more

View Previous Kaz Minerals & Big Picture ***


LSE:MKS Marks and Spencer Close Mid-Price: 293 Percentage Change: -1.35% Day High: 296.7 Day Low: 292.2

Target Met or near enough. Now below 291p and travel toward 286 is expecte ........

Subscribe for more

View Previous Marks and Spencer & Big Picture ***


LSE:NG. National Glug Close Mid-Price: 781.2 Percentage Change: -1.29% Day High: 792.2 Day Low: 781.3

We remain expectant of the price reaching 745 with future weakness below 7 ........

Subscribe for more

View Previous National Glug & Big Picture ***


LSE:POLYLSE:POLY Polymetal. Close Mid-Price: 801.6 Percentage Change: + 0.48% Day High: 819.2 Day Low: 794.8

Further weakness now below 794 remains with the potential of a trip to 781 ........

Subscribe for more

View Previous Polymetal & Big Picture ***


LSE:RBS Royal Bank Scot Close Mid-Price: 281.7 Percentage Change: -1.71% Day High: 284.5 Day Low: 280.7

Target Met. The brief movement below 281 bothers us as it suggests anythin ........

Subscribe for more

View Previous Royal Bank Scot & Big Picture ***


LSE:RR. Rolls Royce Close Mid-Price: 840 Percentage Change: -2.89% Day High: 855.4 Day Low: 833.2

This is still not great as weakness now below 833 expects a visit to an in ........

Subscribe for more

View Previous Rolls Royce & Big Picture ***


LSE:SDY Speedyhire Close Mid-Price: 51.8 Percentage Change: -2.26% Day High: 55 Day Low: 51.6

Continued weakness below 51 now looks capable of a bounce, hopefully, at 4 ........

Subscribe for more

View Previous Speedyhire & Big Picture ***


LSE:SHP Shire Close Mid-Price: 3216.5 Percentage Change: -2.93% Day High: 3280.5 Day Low: 3205.5

Below 3200 still indicates travel downhill toward 3100 and a bounce. Secon ........

Subscribe for more

View Previous Shire & Big Picture ***


LSE:SUMM Summit Close Mid-Price: 175 Percentage Change: -6.67% Day High: 187.5 Day Low: 175

Target Met. Continued weakness below 175 remains with some slight hope 162 ........

Subscribe for more

View Previous Summit & Big Picture ***


LSE:TLW Tullow Close Mid-Price: 188.85 Percentage Change: -3.65% Day High: 195.25 Day Low: 188

Target Met. Or close enough. Now below 187 and travel to 173 looks viable ........

Subscribe for more

View Previous Tullow & Big Picture ***


LSE:TW. Taylor Wimpey Close Mid-Price: 187.25 Percentage Change: -1.03% Day High: 187.9 Day Low: 184.85

Below 184 suggests continued weakness to 180 with secondary 178, this sugg ........

Subscribe for more

View Previous Taylor Wimpey & Big Picture ***


LSE:VEC Vectura Close Mid-Price: 86.85 Percentage Change: -3.45% Day High: 91 Day Low: 86.5

This is almost officially bad due to the price closing below the long term ........

Subscribe for more

View Previous Vectura & Big Picture ***


LSE:VOD Vodafone Close Mid-Price: 210.7 Percentage Change: -4.01% Day High: 218.95 Day Low: 210.3

Weakness now below 210 still is indicative of travel to 207 next with seco ........

Subscribe for more

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:ASC Asos** **LSE:AV. Aviva** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:BPC Bahamas Pet** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **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:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:LMI LonMin** **LSE:MOS Mobile Streams** **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:PPC President Energy** **LSE:QFI Quadrise** **LSE:RED REDT** **LSE:RKH Rockhopper** **LSE:RMG Royal Male** **LSE:RTHM Rythm One** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SGP Supergroup** **LSE:STAN Standard Chartered** **LSE:SXX Sirius Mins** **LSE:TAN Tanfield** **LSE:TCG Thomas Cook Group** **LSE:TSCO Tesco** **LSE:UKOG UK Oils and Gas** **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.

 

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
Type the characters you see in this picture. (verify using audio)
Type the characters you see in the picture above; if you can't read them, submit the form and a new image will be generated. Not case sensitive.
479973