Versarien (VRS)

 

Trends and Targets for 7/02/2018

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Versarien (LSE:VRS) & some FTSE thoughts. Obviously, we're in a bit of a tizzy with FTSE movements but thankfully there are early indications today - Wed - promises some recovery. Whether it's genuine or not remains to be seen but even above 7302 points will give some hope.

The trigger level of 7302 broadly equates to that presented for the DOW yesterday though we do hope the FTSE shows more conviction for recovery than the DOW JONES. To cut to the chase, above 7302 calculates with the potential of FTSE recovery toward 7375 points fairly near term. Stop is quite ludicrous, due to recent volatility, at 7200 points. And it is worth remembering the market is trading in an overall zone where "bottom" calculates at 6,800 eventually. Though, to be honest, above 7386 tends lessen such a potential considerably.

As for Versarien, movement this year has been quite worrying, now presenting the probability of weakness below 87 driving the price down to an initial 71p, along with a short lived bounce. Secondary, if (when) 71p breaks calculates at a bottom of 47p and challenge of RED, the most recent viable uptrend.

There is, however, one important facet to this lots price movements since last November which is worth considering. The growth rate has proven extraordinary, regularly exceeding upward target levels by 50%. This is very unusual and hopefully an indicator the market has a plan for its future. It allows us to mention any miracle bounce bettering just 106p now should have an ambition of an initial 118p with secondary, if bettered, at 138p.

And then, we need to review the tea leaves again.

We suspect it shall prove worth watching if it actually does bounce at 71p as maybe, just maybe, the market is playing "hunt the gap"!

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

UP

11:44:00PM

BRENT

67.1

               

Shambles

--

11:46:43PM

US CRUD

63.72

62.93

62.68

62.29

64

64.1

64.415

64.91

63.2

'cess

Dn

11:49:23PM

GOLD

1325.9

               

'cess

UP

11:54:11PM

FTSE

7254

               

SuccSham

UP

11:56:24PM

FRANCE

5278

               

'cess

UP

12:00:04AM

GERMANY

12621

               

Success

--

12:03:30AM

US500

2692

               

UP

12:07:16AM

DOW

24903

               

--

12:09:21AM

JAPAN


21413

21058

20649

21805

22295

22559.5

23064

21795

'cess

 

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:ASC Asos** **LSE:AV. Aviva** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:DGE Diageo** **LSE:FGP Firstgroup** **LSE:HSBA HSBC** **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:RED REDT** **LSE:RR. Rolls Royce** **LSE:SHP Shire** **LSE:SUMM Summit** **LSE:TAN Tanfield** **LSE:TLW Tullow** **LSE:TW. Taylor Wimpey** **LSE:VEC Vectura** **LSE:VOD Vodafone** **

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Updated charts published on : Asos, Aviva, Barclays, BALFOUR BEATTY, Barrett Devs, BP PLC, Diageo, Firstgroup, HSBC, Intercontinental Hotels Group, IQE, Kaz Minerals, Marks and Spencer, National Glug, Polymetal, Royal Bank Scot, REDT, Rolls Royce, Shire, Summit, Tanfield, Tullow, Taylor Wimpey, Vectura, Vodafone,


LSE:ASC Asos Close Mid-Price: 6982 Percentage Change: -3.83% Day High: 7128 Day Low: 6898

Target Met. For a bounce to prove real, movement now above 7120 should tar ........

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View Previous Asos & Big Picture ***


LSE:AV. Aviva Close Mid-Price: 489.1 Percentage Change: -3.30% Day High: 497.6 Day Low: 482.2

This has gotten pretty bad, pretty fast. Weakness now below 488 suggests 4 ........

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LSE:BARC Barclays Close Mid-Price: 189.22 Downtrend now: 192 Uptrend now: 0 Percentage Change: -2.42% Day High: 192.16 Day Low: 187.14

Movement now below 189 tends demand coming weakness to an initial 186 with ........

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LSE:BBY BALFOUR BEATTY Close Mid-Price: 265.1 Percentage Change: -1.27% Day High: 266.7 Day Low: 258.1

Target Met. Continued weakness below 258 still signals travel to 252 and h ........

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LSE:BDEV Barrett Devs Close Mid-Price: 564.4 Percentage Change: -0.46% Day High: 567.8 Day Low: 545.6

Weakness continuing below 545 looks like powering movement to 538 with sec ........

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View Previous Barrett Devs & Big Picture ***


LSE:BP. BP PLC Close Mid-Price: 477.5 Percentage Change: -0.94% Day High: 486.1 Day Low: 452.5

BP obviously felt the need to join the lemming party but we're not convinc ........

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View Previous BP PLC & Big Picture ***


LSE:DGE Diageo Close Mid-Price: 2415 Percentage Change: -2.42% Day High: 2449.5 Day Low: 2379

This is really not great as the price was forced below the RED uptrend, su ........

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LSE:FGP Firstgroup Close Mid-Price: 98.45 Percentage Change: -2.72% Day High: 100.3 Day Low: 96.95

Amazingly, this did not actually close below the RED uptrend but we must p ........

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LSE:HSBA HSBC Close Mid-Price: 727 Percentage Change: -3.04% Day High: 742.6 Day Low: 723.8

Further weakness below 723 paints a picture of a coming bounce at 704p. It ........

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View Previous HSBC & Big Picture ***


LSE:IHG Intercontinental Hotels Group Close Mid-Price: 4510 Percentage Change: -1.98% Day High: 4579 Day Low: 4399

Target Met. This is liable to prove fairly interesting near term as above ........

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View Previous Intercontinental Hotels Group & Big Picture ***


LSE:IQELSE:IQE IQE. Close Mid-Price: 107.6 Percentage Change: + 5.49% Day High: 109.5 Day Low: 96

Growth continuing above 109.5 will confirm the recent low was sufficiently ........

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View Previous IQE & Big Picture ***


LSE:KAZ Kaz Minerals Close Mid-Price: 793.2 Percentage Change: -2.05% Day High: 825.2 Day Low: 774

Target Met or close enough for a 7 quid share. It feels like this should p ........

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View Previous Kaz Minerals & Big Picture ***


LSE:MKS Marks and Spencer Close Mid-Price: 289.1 Percentage Change: -1.33% Day High: 291.7 Day Low: 282

Target Met. Now below 282 and a voyage to 272p looks likely if wanting to ........

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View Previous Marks and Spencer & Big Picture ***


LSE:NG. National Glug Close Mid-Price: 750.4 Percentage Change: -3.94% Day High: 772.3 Day Low: 749.1

Target Met. Or close enough This is actually fairly dangerous now as below ........

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View Previous National Glug & Big Picture ***


LSE:POLY Polymetal Close Mid-Price: 778.2 Percentage Change: -2.92% Day High: 816 Day Low: 771.2

Target Met. This was not great as it broke target, meaning below 771 still ........

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View Previous Polymetal & Big Picture ***


LSE:RBS Royal Bank Scot Close Mid-Price: 274.4 Percentage Change: -2.59% Day High: 281.1 Day Low: 271.2

Target Met. RBS certainly donned big clown feed to celebrate lemming day. ........

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View Previous Royal Bank Scot & Big Picture ***


LSE:RED REDT Close Mid-Price: 7.05 Percentage Change: -7.24% Day High: 7.6 Day Low: 7.05

Target Met. Movement now below 7p enters a phase toward 6.25 next with sec ........

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View Previous REDT & Big Picture ***


LSE:RR. Rolls Royce Close Mid-Price: 820 Percentage Change: -2.38% Day High: 833.6 Day Low: 802

Target Met. This is not looking great for the immediate future as below 80 ........

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View Previous Rolls Royce & Big Picture ***


LSE:SHP Shire Close Mid-Price: 3137.5 Percentage Change: -2.46% Day High: 3223.5 Day Low: 3081

Target Met. For any bounce to prove valid, now above 3200 should generate ........

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View Previous Shire & Big Picture ***


LSE:SUMM Summit Close Mid-Price: 170 Percentage Change: -2.86% Day High: 170 Day Low: 170

Continued weakness below 170 remains with some slight hope 162 will provok ........

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View Previous Summit & Big Picture ***


LSE:TAN Tanfield Close Mid-Price: 11.85 Percentage Change: -8.14% Day High: 13 Day Low: 11.8

Target Met. Will it bounce? Below 11.75 and a visit to 11p remains viable. ........

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View Previous Tanfield & Big Picture ***


LSE:TLW Tullow Close Mid-Price: 183.5 Percentage Change: -2.83% Day High: 189.45 Day Low: 180.55

Now below 180 and travel downhill toward an initial 173 looks viable and w ........

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View Previous Tullow & Big Picture ***


LSE:TW. Taylor Wimpey Close Mid-Price: 184.75 Percentage Change: -1.34% Day High: 187.1 Day Low: 179.05

Target Met. Below 178 now points at 171 where it should exhibit qualities ........

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LSE:VEC Vectura Close Mid-Price: 83.85 Percentage Change: -3.45% Day High: 85.15 Day Low: 77.3

Weakness now below 77 suggests an initial 71 with secondary, when eventual ........

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View Previous Vectura & Big Picture ***


LSE:VOD Vodafone Close Mid-Price: 205.35 Percentage Change: -2.54% Day High: 211.85 Day Low: 200.5

Target Met. Continued bad connections below 200 remain pointing at 192 whe ........

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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:BLVN Bowleven** **LSE:BPC Bahamas Pet** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:EZJ EasyJet** **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:HUR Hurrican Energy** **LSE:IAG British Airways** **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:RKH Rockhopper** **LSE:RMG Royal Male** **LSE:RTHM Rythm One** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SGP Supergroup** **LSE:STAN Standard Chartered** **LSE:SXX Sirius Mins** **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** **

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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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