Easyjet EZJ.L and a Market tale.

#Gold #Nasdaq

Numbers are a funny old thing. Being quite capable of counting the quiet “ding” in an elevator as it goes past floors to knowing the count of “clunks until stop” from the tube track as a carriage approaches a station. Or my ongoing battle with microwaves, entering the correct number of seconds to ensure a soup mug handle is positioned perfectly when it finishes. But perhaps the thing which really drives my wife mad is my morning coffee.

It took an age but finally getting to the point where every coffee is “the perfect one” felt like a major achievement. After far too many years, I was able to leave behind the morning lottery which, maybe once every few months, produced a “perfect” coffee. Achieving this nirvana was, even by my own standards, quite ridiculous and involved experimenting with many types of coffee beans. The next stage was harder, discovering the perfect length of time to grind the beans, finally using the milk steamer to heat milk to the right, for my palate, temperature.

In the last few months, an issue developed. When prices started to rocket, something strange happened with coffee bean purchases as the quality started to prove variable. Three years of producing “the perfect” coffee every morning abruptly became a thing of the past as changes to the supply chain had thrown a spanner in the coffee mug. Chatting to the supplier was illuminating as it transpires other customers were grumbling. He’s investigating but suspects the issue may be coffee beans shipped by boat, rather than as air freight, with a resultant deteriorating in the quality of the product. What’s interesting about this (utterly ridiculous) First World problem is how price rises are changing everything.

Perhaps, with companies like Easyjet once again flying, we shall hopefully discover fresh coffee is again available as they inflict predatory pricing to dissuade customers from bringing luggage, leaving sufficient space in the hold for air cargo…

 

However, before looking at Easyjet, there’s another issue with numbers which we feel worthy of consideration.

2022’s Gain %ge Drop %ge
from 2020 pre-Covid from 2022’s high
Nasdaq 41% -33%
S&P 500 29% -25%
Wall St 22% -22%
FTSE 1% -11%
DAX 15% -13%
Euro Stoxx 12% -26%
UK Crude 48% -40%

 

There’s a constant rumble in the media suggesting market reversals are upon us but the table above illuminates something quite odd. Taking the Nasdaq as a case in point, from 2020’s pre-pandemic high, it rose from 9740 points up to 16740 points, an impressive rise of 41%. But since the start of 2022, it has fallen to a recent low of 10970 points, -33% from this years high. We’ve a sneaking suspicion index’ are all intending to settle around their pre-pandemic level, perhaps making an attempt at some stability. It was interesting, Wall St on Monday 3rd October celebrated being up 22% since 2020, then down 22% from its high, and experienced a day with gains sometimes over 3%. The market is now marginally below the pre-pandemic level (29,550 points) and we’re curious if we’re about to witness some surprise gains on some markets. Obviously, the Euro Stoxx 50 is a bit of an outlier in this theory, as is the FTSE but, for the FTSE, we’ve got local politicians attempting to destroy the country while they enact their versions of “a cunning plan”.

The above is certainly food for thought. We believe, should Wall St exceed 30,050 points anytime soon, threats of market collapse shall prove unfounded.

 

As for Easyjet, when we last reviewed the share price, we’d provided a drop target level at 334p. The share decided to play fair, dropping to our target level and successfully respecting it for a few months until mid-September, when on the 22nd of the month, the share was literally gapped down below our 334p level. This tended to prove we’d been monitoring the correct trend but made us wonder what the market was up to. Our secondary, below 334p, had been given as a silly looking 38p, a target we still have considerable difficulty in taking seriously.

If our suspicion is correct from our examination of market numbers above, perhaps Easyjet may be due a surprise era of price recovery. The immediate situation calculates with the potential of weakness below 277p being capable of 262p and hopefully a bounce. But we do need to concede the share price is trading in a region where ultimate bottom remains at our silly 38p.

Examining the other side of the coin, if a surprise recovery is indeed on the cards, above 292p theoretically should provoke an attempt at 319p initially with secondary, if bettered, a rather more encouraging 355p along with a heightened visual chance of some hesitation. We’d certainly wish to revisit the numbers at such a level, Easyjet needing share price closure above 355p to suggest game changing longer term potentials.

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:29:34PM BRENT 88.62 ‘cess
10:33:21PM GOLD 1699.99 1660 1645 1626 1675 1702 1704 1710 1684 Success
11:00:19PM FTSE 6913.12
11:02:15PM STOX50 3360.7 Success
11:04:30PM GERMANY 12253 Shambles
11:06:22PM US500 3685
11:08:40PM DOW 29526
11:10:56PM NASDAQ 11265 11102 11025 10933 11206 11308 11393 11580 11121
11:13:07PM JAPAN 26609 Success

 

3/10/2022 FTSE Closed at 6908 points. Change of 0.22%. Total value traded through LSE was: £ 5,411,543,289 a change of -20.03%
30/09/2022 FTSE Closed at 6893 points. Change of 0.17%. Total value traded through LSE was: £ 6,766,933,974 a change of -4.67%
29/09/2022 FTSE Closed at 6881 points. Change of -1.77%. Total value traded through LSE was: £ 7,098,757,750 a change of -12.95%
28/09/2022 FTSE Closed at 7005 points. Change of 0.3%. Total value traded through LSE was: £ 8,154,391,132 a change of 17.78%
27/09/2022 FTSE Closed at 6984 points. Change of -0.51%. Total value traded through LSE was: £ 6,923,595,633 a change of 5.34%
26/09/2022 FTSE Closed at 7020 points. Change of 0.03%. Total value traded through LSE was: £ 6,572,681,049 a change of 1.53%
23/09/2022 FTSE Closed at 7018 points. Change of -1.97%. Total value traded through LSE was: £ 6,473,438,666 a change of 23.11%

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 info@trendsandtargets.com. 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:AML Aston Martin** **LSE:ASC Asos** **LSE:BARC Barclays** **LSE:CASP Caspian** **LSE:CCL Carnival** **LSE:DARK Darktrace Plc** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:ITRK Intertek** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:PPC President Energy** **LSE:SBRY Sainsbury** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:VOD Vodafone** **

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Updated charts published on : Aston Martin, Asos, Barclays, Caspian, Carnival, Darktrace Plc, EasyJet, Firstgroup, HSBC, British Airways, Intertek, National Glib, Ocado Plc, President Energy, Sainsbury, Scottish Mortgage Investment Trust, Vodafone,

LSE:AML Aston Martin Close Mid-Price: 109.85 Percentage Change: -8.08% Day High: 123.35 Day Low: 108.4

Weakness on Aston Martin below 108.4 will invariably lead to 102 with sec ……..

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LSE:ASC Asos. Close Mid-Price: 576.5 Percentage Change: + 1.32% Day High: 589 Day Low: 555.5

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LSE:BARC Barclays. Close Mid-Price: 145.08 Percentage Change: + 0.54% Day High: 146.1 Day Low: 141.26

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LSE:CASP Caspian Close Mid-Price: 2.25 Percentage Change: -13.46% Day High: 2.6 Day Low: 2.08

Target met. In the event Caspian experiences weakness below 2.08 it calcu ……..

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LSE:CCL Carnival Close Mid-Price: 538.6 Percentage Change: -7.43% Day High: 560 Day Low: 509.4

Target met. Weakness on Carnival below 509.4 will invariably lead to 475 ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 302.6 Percentage Change: + 2.54% Day High: 306.3 Day Low: 287

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LSE:EZJ EasyJet Close Mid-Price: 287.8 Percentage Change: -2.90% Day High: 290.6 Day Low: 277

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LSE:FGP Firstgroup. Close Mid-Price: 106.5 Percentage Change: + 1.24% Day High: 106.7 Day Low: 100

Target met. In the event Firstgroup experiences weakness below 100 it cal ……..

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LSE:HSBA HSBC Close Mid-Price: 461.4 Percentage Change: -1.26% Day High: 463.15 Day Low: 453.5

Target met. Continued weakness against HSBA taking the price below 453.5 ……..

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LSE:IAG British Airways Close Mid-Price: 93.66 Percentage Change: -1.07% Day High: 95.68 Day Low: 90.48

In the event British Airways experiences weakness below 90.48 it calcula ……..

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LSE:ITRK Intertek Close Mid-Price: 3674 Percentage Change: -0.89% Day High: 3702 Day Low: 3583

Target met. In the event Intertek experiences weakness below 3583 it calc ……..

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LSE:NG. National Glib. Close Mid-Price: 933.4 Percentage Change: + 0.26% Day High: 939.2 Day Low: 917

Continued weakness against NG. taking the price below 917 calculates as l ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 465.7 Percentage Change: -1.44% Day High: 473.7 Day Low: 439.5

Weakness on Ocado Plc below 439.5 will invariably lead to 421 with second ……..

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LSE:PPC President Energy Close Mid-Price: 165 Percentage Change: -5.71% Day High: 175 Day Low: 165

I’m ignoring this until I get historical data through which is adjusted fo ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 176.55 Percentage Change: + 1.29% Day High: 177.05 Day Low: 171.85

In the event Sainsbury experiences weakness below 171.85 it calculates wi ……..

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LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 748.8 Percentage Change: -4.29% Day High: 766.2 Day Low: 744

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LSE:VOD Vodafone. Close Mid-Price: 103.72 Percentage Change: + 2.57% Day High: 104.78 Day Low: 99.63

Weakness on Vodafone below 99.63 will invariably lead to 93 with secondar ……..

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*** End of “Updated Today” comments on shares.

Lloyds Banking Group and the end of a trend…

#Brent #Dax

Sometimes, it feels like our three weekly visit to Lloyds comes around faster than talk of the UK changing Prime Ministers! Our current great leader must be wondering how big an archive of inappropriate photographs TV show, “Have I Got New For You”, hold in reserve. For Lloyds, we’ve one snapshot below which appears worthy of discussion.

Our eye was caught by the share’s Closing Price movements during 5 sessions in September, shown in the r/h inset on the chart. On July 19th, the share price broke above what was assumed to be the 2022 downtrend, lunging upward to 44.3p before settling back down. For the next four sessions, the case price closed each day, carefully placed just above this immediate downtrend. Eventually, curiosity reared its ugly head and we extended this downtrend back in time, wondering where it may end up. The trend commenced on September 19th, 2008, a day where the market somehow decided to spike up to 393p before opting to close the session a pound lower.

We often warn of opening spikes proving capable of fuelling reversals but, by any standards, this one proved a humdinger.

Thankfully, while we’re fascinated in discovering this Blue line can be dated back 14 years, it’s also worth recalling this particular Blue trend line is now regarded as a historical downtrend, the market clearly very aware of it. Despite the current song and dance being enacted by Lloyds share price, it’s usually the case when a historical downtrend is broken, a new trend commences UNLESS a price once again retreats below the previous trend. From a charty perspective, this is a bit like grabbing a pole on the underground, one previously fondled by someone with Covid-19, also Monkeypox, and a liking for ‘I’m A Celebrity’ on UK TV. It’s frightening to note there’s no medical treatment for the last illness.

To pretend optimism, currently Lloyds share price is languishing in a zone where our Big Picture can start to make arguments favouring an eventual 222p as a sane target for the (distant) future!

 

For now, despite our breathless excitement at discovering a trend we’d only suspected, we’re a little worried at current movements as they risk dumping Lloyds share price once again below Blue on the chart, with all the misery it entails. The immediate situation allows for weakness below 40.4p to trigger reversals to an initial non-threatening 39.1p. If broken, our secondary becomes rather more worrying at 35.5p, along with an implicit risk of the share price closing a session below Blue. Our hope, given the market is clearly very aware of the parentage of this trend line, is for a surprise upward change in direction for nails start being hammered into coffins.

We’re always quite fond of trying to identify a point which needs passed to rubbish a series of calculations. In the case of Lloyds, we can argue closure above 43.5p should serve to marshal the share price away from imminent doom, taking the first steps of a journey which should lead to a relatively near term 51p with secondary, if bettered, at 53.5p and some probable hesitation.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
2:08:40PM BRENT 85.45 84.94 83.535 81.8 86.93 87.78 89.5775 90.59 86.52
2:30:36PM GOLD 1661.15
2:33:40PM FTSE 6832
2:36:45PM STOX50 3280.9
3:31:13PM GERMANY 11976 11858 11636 11406 12096 12156 12230 12321 11976
8:34:26PM US500 3591.27
8:36:43PM DOW 28769
8:38:55PM NASDAQ 10982
8:40:36PM JAPAN 25859
30/09/2022 FTSE Closed at 6893 points. Change of 0.17%. Total value traded through LSE was: £ 6,766,933,974 a change of -4.67%
29/09/2022 FTSE Closed at 6881 points. Change of -1.77%. Total value traded through LSE was: £ 7,098,757,750 a change of -12.95%
28/09/2022 FTSE Closed at 7005 points. Change of 0.3%. Total value traded through LSE was: £ 8,154,391,132 a change of 17.78%
27/09/2022 FTSE Closed at 6984 points. Change of -0.51%. Total value traded through LSE was: £ 6,923,595,633 a change of 5.34%
26/09/2022 FTSE Closed at 7020 points. Change of 0.03%. Total value traded through LSE was: £ 6,572,681,049 a change of 1.53%
23/09/2022 FTSE Closed at 7018 points. Change of -1.97%. Total value traded through LSE was: £ 6,473,438,666 a change of 23.11%
22/09/2022 FTSE Closed at 7159 points. Change of -1.08%. Total value traded through LSE was: £ 5,258,363,393 a change of -10.68%

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 info@trendsandtargets.com. 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:AGM Applied Graphene** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CCL Carnival** **LSE:CNA Centrica** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:ODX Omega Diags** **LSE:OXIG Oxford Instruments** **LSE:SMT Scottish Mortgage Investment Trust** **

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Updated charts published on : Applied Graphene, Aston Martin, Asos, Carclo, Caspian, Carnival, Centrica, National Glib, Ocado Plc, Omega Diags, Oxford Instruments, Scottish Mortgage Investment Trust,

LSE:AGM Applied Graphene Close Mid-Price: 13 Percentage Change: -7.14% Day High: 14 Day Low: 13

Weakness on Applied Graphene below 13 will invariably lead to 11.50 with ……..

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LSE:AML Aston Martin Close Mid-Price: 119.5 Percentage Change: -4.74% Day High: 133.7 Day Low: 116.75

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LSE:ASC Asos Close Mid-Price: 569 Percentage Change: -4.37% Day High: 611.5 Day Low: 560.5

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LSE:CAR Carclo Close Mid-Price: 16.7 Percentage Change: -1.47% Day High: 17 Day Low: 16.5

If Carclo experiences continued weakness below 16.5, it will invariably l ……..

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LSE:CASP Caspian Close Mid-Price: 2.6 Percentage Change: -5.45% Day High: 2.75 Day Low: 2.6

Continued weakness against CASP taking the price below 2.6 calculates as ……..

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LSE:CCL Carnival Close Mid-Price: 581.8 Percentage Change: -21.25% Day High: 758.6 Day Low: 549.8

If Carnival experiences continued weakness below 549.8, it will invariabl ……..

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LSE:CNA Centrica Close Mid-Price: 70.84 Percentage Change: -1.91% Day High: 73.5 Day Low: 69.88

Continued weakness against CNA taking the price below 69.88 calculates as ……..

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LSE:NG. National Glib Close Mid-Price: 931 Percentage Change: -0.68% Day High: 953 Day Low: 924.8

In the event National Glib experiences weakness below 924.8 it calculates ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 472.5 Percentage Change: + 0.68% Day High: 486.4 Day Low: 456.8

Continued weakness against OCDO taking the price below 456.8 calculates a ……..

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LSE:ODX Omega Diags Close Mid-Price: 2.35 Percentage Change: -2.08% Day High: 2.4 Day Low: 2.25

Target met. If Omega Diags experiences continued weakness below 2.25, it ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 1784 Percentage Change: + 1.13% Day High: 1802 Day Low: 1686

Target met. Continued weakness against OXIG taking the price below 1686 c ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 782.4 Percentage Change: + 2.54% Day High: 785.4 Day Low: 751.6

Continued weakness against SMT taking the price below 751.6 calculates as ……..

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*** End of “Updated Today” comments on shares.

Our famous FTSE for Friday FTSE:UKX

#FTSE #Gold

This week has been utterly banana’s across the markets, not just the FTSE, lots of rises which proved fake and short lived, some falls which appear uncertain and again, short lived. In an effort to throw some light on potential market directions, we took a look at Thursdays closing prices across a range of index’. The results proved as illuminating as a worn out toothbrush.

 

Index Thursday Close Thursday Low Previous Low Conclusion Change %
S&P 500 3645 3610 3623 Lower Low -0.36
Stoxx 50 3273 3249 3260 Lower Low -0.34
UK AIM 798 798 799 Lower Low -0.13
France 5676 5628 5653 Lower Low -0.44
Wall St 29237 28997 28953 Higher Low 0.15
Nasdaq 11169 11038 11167 Lower Low -1.17
Germany 11957 11866 11862 Higher Low 0.03
UK FTSE 6864 6829 6836 Lower Low -0.10

As can be seen in the table above, where markets closed Thursday with “Lower Lows”, the resultant percentage wasn’t entirely scary. Equally, on the two index where the market closed with High Lows, the percentage improvement didn’t exactly set the heather on fire. About the best we dare conclude from the above is fairly obvious, 6 out of 8 markets achieved Lower Lows with the result we should really suspect some continuance of grotty market conditions. The strange thing is, we’ve been suspecting the UK market shall bottom around 6750 for some time and the index is within a nod of achieving such a goal. To be honest, this suspected “bottom” is now being adjusted upward to around 6783 points, thanks to the utterly insane market swings experienced in the last couple of sessions. But making matters worse, these insane swings also introduce a Plus or Minus 20 points against this potential bottom!

There’s another question we’d like to skip neatly past but, what happens if our original 6750 level breaks? It feels like the FTSE shall continue to enjoy inflicting misery on traders as we expect a real bottom to make itself known at 6500 points. It’s perhaps worth remembering, on a daily basis we scan many shares and this week has seen a truly excessive number of UK stocks triggering downward movements.

 

From a near term perspective, the FTSE apparently requires to exceed 6917 points to trigger the potential of surprise recovery to an initial 6941 points. If bettered, our secondary calculation comes in at a more encouraging 7013 points.

The converse picture is less happy as below 6829 works out with reversal potentials to an initial 6770 with secondary, if broken, at 6718, taking the index into a region where a bottom around 6500 starts to look extremely probable.

To eradicate all this misery, the UK index needs a miracle above 7179 points, something which currently looks quite impossible.

On the bright side, it’s the Singapore Grand Prix this weekend and we’d like to thank one of our clients for sparing an invitation to visit and watch the race from his shack! <joking>

Have a good weekend.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:22:49PM BRENT 87.53 86.21 85.66 88.38 88.78 89.5975 86.7 ‘cess
9:24:24PM GOLD 1660.62 1641 1634 1651 1665 1668 1655 ‘cess
9:30:20PM FTSE 6883.81 6842 6818 6872 6922 6935 6860 ‘cess
9:32:32PM STOX50 3295.2 3246 3227 3279 3305 3311 3275 Success
9:34:58PM GERMANY 12002 11865 11769 12025 12045 12102 11950 Success
9:37:37PM US500 3642 3607 3596 3649 3697 3724 3658
9:40:01PM DOW 29235 28971 28812 29384 29712 29863 29451
9:42:36PM NASDAQ 11162 11024 10920 11209 11209 11271 11094 Success
9:45:33PM JAPAN 26156 26017 25875 26122 26235 26281 26124
29/09/2022 FTSE Closed at 6881 points. Change of -1.77%. Total value traded through LSE was: £ 7,098,757,750 a change of -12.95%
28/09/2022 FTSE Closed at 7005 points. Change of 0.3%. Total value traded through LSE was: £ 8,154,391,132 a change of 17.78%
27/09/2022 FTSE Closed at 6984 points. Change of -0.51%. Total value traded through LSE was: £ 6,923,595,633 a change of 5.34%
26/09/2022 FTSE Closed at 7020 points. Change of 0.03%. Total value traded through LSE was: £ 6,572,681,049 a change of 1.53%
23/09/2022 FTSE Closed at 7018 points. Change of -1.97%. Total value traded through LSE was: £ 6,473,438,666 a change of 23.11%
22/09/2022 FTSE Closed at 7159 points. Change of -1.08%. Total value traded through LSE was: £ 5,258,363,393 a change of -10.68%
21/09/2022 FTSE Closed at 7237 points. Change of -100%. Total value traded through LSE was: £ 5,887,379,129 a change of 0%

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 info@trendsandtargets.com. 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:AFC AFC Energy** **LSE:AGM Applied Graphene** **LSE:AML Aston Martin** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DARK Darktrace Plc** **LSE:EMG MAN** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:OCDO Ocado Plc** **LSE:ODX Omega Diags** **LSE:OXIG Oxford Instruments** **LSE:RBD Reabold Resources PLC** **LSE:SBRY Sainsbury** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **

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Updated charts published on : AFC Energy, Applied Graphene, Aston Martin, Barclays, Barrett Devs, British Telecom, Centrica, Capita, Darktrace Plc, MAN, Firstgroup, Foxtons, HSBC, British Airways, Igas Energy, IG Group, Intertek, ITV, Lloyds Grp., Marks and Spencer, Ocado Plc, Omega Diags, Oxford Instruments, Reabold Resources PLC, Sainsbury, Scottish Mortgage Investment Trust, Tesco, Taylor Wimpey, Vodafone,

LSE:AFC AFC Energy Close Mid-Price: 17.76 Percentage Change: -3.84% Day High: 18.34 Day Low: 17.16

Weakness on AFC Energy below 17.16 will invariably lead to 16.5 with seco ……..

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LSE:AGM Applied Graphene Close Mid-Price: 14 Percentage Change: -3.45% Day High: 14.5 Day Low: 13.25

In the event Applied Graphene experiences weakness below 13.25 it calcula ……..

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LSE:AML Aston Martin Close Mid-Price: 125.45 Percentage Change: -11.81% Day High: 142.2 Day Low: 124.95

If Aston Martin experiences continued weakness below 124.95, it will inva ……..

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LSE:BARC Barclays Close Mid-Price: 144.66 Percentage Change: -4.25% Day High: 150.26 Day Low: 142.72

Weakness on Barclays below 142.72 will invariably lead to 128 with second ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 323.4 Percentage Change: -12.76% Day High: 341.8 Day Low: 317.8

Target met. Continued weakness against BDEV taking the price below 317.8 ……..

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LSE:BT.A British Telecom Close Mid-Price: 121.5 Percentage Change: -4.67% Day High: 127.15 Day Low: 120.8

Target met. If British Telecom experiences continued weakness below 120.8 ……..

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LSE:CNA Centrica Close Mid-Price: 72.22 Percentage Change: -4.45% Day High: 75.44 Day Low: 71.12

In the event Centrica experiences weakness below 71.12 it calculates with ……..

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LSE:CPI Capita Close Mid-Price: 23.62 Percentage Change: -6.42% Day High: 25.1 Day Low: 22.9

Continued weakness against CPI taking the price below 22.9 calculates as ……..

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LSE:DARK Darktrace Plc Close Mid-Price: 299 Percentage Change: -4.72% Day High: 318.2 Day Low: 286.6

Target met. In the event Darktrace Plc experiences weakness below 286.6 i ……..

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LSE:EMG MAN Close Mid-Price: 217.4 Percentage Change: -6.90% Day High: 231.6 Day Low: 214.7

If MAN experiences continued weakness below 214.7, it will invariably lea ……..

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LSE:FGP Firstgroup Close Mid-Price: 104.6 Percentage Change: -3.33% Day High: 110 Day Low: 103.1

Weakness on Firstgroup below 103.1 will invariably lead to 102p. If broke ……..

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LSE:FOXT Foxtons Close Mid-Price: 30.55 Percentage Change: -7.42% Day High: 31.5 Day Low: 28.7

Target met. Continued weakness against FOXT taking the price below 28.7 c ……..

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LSE:HSBA HSBC Close Mid-Price: 467 Percentage Change: -3.40% Day High: 479.5 Day Low: 461.95

Target met. If HSBC experiences continued weakness below 461.95, it will ……..

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LSE:IAG British Airways Close Mid-Price: 94.67 Percentage Change: -5.05% Day High: 99.95 Day Low: 93.62

Target met. Continued weakness against IAG taking the price below 93.62 c ……..

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LSE:IGAS Igas Energy Close Mid-Price: 50.6 Percentage Change: -8.00% Day High: 56 Day Low: 49.5

In the event Igas Energy experiences weakness below 49.5 it calculates wi ……..

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LSE:IGG IG Group Close Mid-Price: 743.5 Percentage Change: -1.85% Day High: 759.5 Day Low: 736

If IG Group experiences continued weakness below 736, it will invariably ……..

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LSE:ITRK Intertek Close Mid-Price: 3688 Percentage Change: -2.38% Day High: 3744 Day Low: 3663

Weakness on Intertek below 3663 will invariably lead to 3597 with seconda ……..

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LSE:ITV ITV Close Mid-Price: 55.22 Percentage Change: -4.53% Day High: 58.1 Day Low: 53.98

Continued weakness against ITV taking the price below 53.98 calculates as ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 40.72 Percentage Change: -2.72% Day High: 41.98 Day Low: 40.44

Target met. If Lloyds Grp. experiences continued weakness below 40.44, it ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 95.54 Percentage Change: -7.87% Day High: 103.05 Day Low: 93.9

Target met. Weakness on Marks and Spencer below 93.9 will invariably lead ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 469.3 Percentage Change: -10.16% Day High: 512.8 Day Low: 468.4

Target met. If Ocado Plc experiences continued weakness below 468.4, it w ……..

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LSE:ODX Omega Diags Close Mid-Price: 2.4 Percentage Change: -4.00% Day High: 2.5 Day Low: 2.4

Continued weakness against ODX taking the price below 2.4 calculates as l ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 1764 Percentage Change: -1.12% Day High: 1782 Day Low: 1716

Target met. Weakness on Oxford Instruments below 1716 will invariably lea ……..

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LSE:RBD Reabold Resources PLC Close Mid-Price: 0.24 Percentage Change: -13.39% Day High: 0.29 Day Low: 0.22

Target met. If Reabold Resources PLC experiences continued weakness below ……..

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LSE:SBRY Sainsbury Close Mid-Price: 172.3 Percentage Change: -5.51% Day High: 181.35 Day Low: 172.3

Target met. Weakness on Sainsbury below 172.3 will invariably lead to 169 ……..

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LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 763 Percentage Change: -5.78% Day High: 807 Day Low: 760.8

If Scottish Mortgage Investment Trust experiences continued weakness belo ……..

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LSE:TSCO Tesco Close Mid-Price: 200.3 Percentage Change: -5.30% Day High: 210.8 Day Low: 199.8

Target met. In the event Tesco experiences weakness below 199.8 it calcul ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 85.08 Percentage Change: -6.46% Day High: 89.56 Day Low: 83.18

Continued weakness against TW. taking the price below 83.18 calculates as ……..

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LSE:VOD Vodafone Close Mid-Price: 101.84 Percentage Change: -3.12% Day High: 105.28 Day Low: 101.2

If Vodafone experiences continued weakness below 101.2, it will invariabl ……..

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*** End of “Updated Today” comments on shares.

Boohoo Group Plc LSE:BOO doing Halloween early!

#Brent #DOW

With Halloween just about upon us, it appears apt the company who like to say “Boo” are scaring the pants off traders, their share price taking part in a ruthless quest to discover a bottom. Given the company share price value has reduced by 75% since the start of this year, there’s certainly quite a lot to find frightening.

The online clothing retailer recently reported a 10% fall in revenues for the last 6 months and warned they expect annual sales to be down by a similar amount. Taking the blame for the reduction in revenue has been the “cost of living” crisis as no-one could have forecast increasing prices would lead to a reduction in sales. Couple this with a (long overdue) policy of now charging customers £1.99 for returning unwanted items, and the salient detail people are now free to visit shops, it becomes inevitable Boohoo would be given a good reason to cry.

 

In normal circumstances, we’d be quite enthusiastic for the immediate future, due to share price movements on the 28th September. Unfortunately, the price was initially gapped downward at the open, then spiked downward to 30p. The forced downward movement was thus spoiled as, while a downward spike in the opening second will often presage a surprise rise in price, the fact the price was firstly gapped downward confuses the issue.

Our inclination is to step back and simply quote from our Big Picture arguments. Allegedly, weakness continuing below 30 should trigger further reversal to an initial 25p with secondary, if broken, down at 15p and an “ultimate” bottom, this being a price level we cannot calculate below. From the Big Picture perspective, the price almost must bounce before the 15p level is attained, if ever.

However, if we pretend the manipulation gap didn’t happen, some optimism is permitted. Above 41p should now trigger gains in the direction of an initial 47p with secondary, if bettered, at 62p. Visually, it looks like a glass ceiling awaits around the 62p price level, due to historical movements. During July and August, the market decided this to be a “shall not pass” level and doubtless traders surfing a current rise shall assume the same set of rules will apply, selling pressure creating a self fulfilling prophecy.

 

We do suspect Boohoo are about to enact a “surprise” slight recovery and believe it should be worth watching in the days ahead.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:19:16PM BRENT 88.01 84.83 83.74 82.21 85.4 88.33 88.57 90.59 85.3
9:42:52PM GOLD 1659
9:45:06PM FTSE 7040 Success
9:47:15PM STOX50 3361 Success
10:29:38PM GERMANY 12288.88 Success
10:31:43PM US500 3716 Success
10:34:46PM DOW 29673 29107 28812 28473 29362 29835 30100 30527 29548 Shambles
10:37:10PM NASDAQ 11483 Success
10:39:09PM JAPAN 26681 Success

 

28/09/2022 FTSE Closed at 7005 points. Change of 0.3%. Total value traded through LSE was: £ 8,154,391,132 a change of 17.78%
27/09/2022 FTSE Closed at 6984 points. Change of -0.51%. Total value traded through LSE was: £ 6,923,595,633 a change of 5.34%
26/09/2022 FTSE Closed at 7020 points. Change of 0.03%. Total value traded through LSE was: £ 6,572,681,049 a change of 1.53%
23/09/2022 FTSE Closed at 7018 points. Change of -1.97%. Total value traded through LSE was: £ 6,473,438,666 a change of 23.11%
22/09/2022 FTSE Closed at 7159 points. Change of -1.08%. Total value traded through LSE was: £ 5,258,363,393 a change of -10.68%
21/09/2022 FTSE Closed at 7237 points. Change of 0.63%. Total value traded through LSE was: £ 5,887,379,129 a change of 9.29%
20/09/2022 FTSE Closed at 7192 points. Change of -100%. Total value traded through LSE was: £ 5,386,737,074 a change of 0%

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 info@trendsandtargets.com. 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:AML Aston Martin** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:CASP Caspian** **LSE:CNA Centrica** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:QFI Quadrise** **LSE:RMG Royal Mail** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:SDY Speedyhire** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **

********

Updated charts published on : Aston Martin, Asos, Aviva, Barclays, Barrett Devs, British Telecom, Caspian, Centrica, EasyJet, Firstgroup, Hikma, HSBC, British Airways, Igas Energy, IG Group, ITV, Lloyds Grp., Marks and Spencer, National Glib, Ocado Plc, Oxford Instruments, Primary Health, Quadrise, Royal Mail, Rolls Royce, Sainsbury, Speedyhire, The Trainline, Tesco, Taylor Wimpey, Vodafone,

LSE:AML Aston Martin Close Mid-Price: 142.25 Percentage Change: -5.04% Day High: 146.2 Day Low: 129.15

Target met. Continued weakness against AML taking the price below 129.15 ……..

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LSE:ASC Asos. Close Mid-Price: 634 Percentage Change: + 1.52% Day High: 637.5 Day Low: 566

In the event Asos experiences weakness below 566 it calculates with a dro ……..

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LSE:AV. Aviva Close Mid-Price: 389 Percentage Change: -4.87% Day High: 405.2 Day Low: 373.5

Target met. Weakness on Aviva below 373.5 will invariably lead to 360 wit ……..

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LSE:BARC Barclays Close Mid-Price: 151.08 Percentage Change: -3.05% Day High: 154.3 Day Low: 146.5

In the event Barclays experiences weakness below 146.5 it calculates with ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 370.7 Percentage Change: + 2.89% Day High: 370.8 Day Low: 346.1

Weakness on Barrett Devs below 346.1 will invariably lead to 321 with sec ……..

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LSE:BT.A British Telecom. Close Mid-Price: 127.45 Percentage Change: + 1.51% Day High: 127.75 Day Low: 122.5

Target met. Continued weakness against BT.A taking the price below 122.5 ……..

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LSE:CASP Caspian Close Mid-Price: 2.75 Percentage Change: -3.51% Day High: 2.85 Day Low: 2.75

Weakness on Caspian below 2.75 will invariably lead to 2.2 with secondary ……..

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LSE:CNA Centrica. Close Mid-Price: 75.58 Percentage Change: + 2.30% Day High: 76.38 Day Low: 72.42

If Centrica experiences continued weakness below 72.42, it will invariabl ……..

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LSE:EZJ EasyJet Close Mid-Price: 297 Percentage Change: -1.26% Day High: 297.3 Day Low: 279

Target met. In the event EasyJet experiences weakness below 279 it calcul ……..

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LSE:FGP Firstgroup Close Mid-Price: 108.2 Percentage Change: -2.17% Day High: 110.8 Day Low: 105.1

If Firstgroup experiences continued weakness below 105.1, it will invaria ……..

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LSE:HIK Hikma. Close Mid-Price: 1390.5 Percentage Change: + 12.05% Day High: 1412.5 Day Low: 1236.5

In what looks like a major change of mood, above 1413 now projects the pos ……..

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LSE:HSBA HSBC Close Mid-Price: 483.45 Percentage Change: -2.47% Day High: 485.15 Day Low: 469.55

In the event HSBC experiences weakness below 469.55 it calculates with a ……..

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LSE:IAG British Airways Close Mid-Price: 99.71 Percentage Change: -1.90% Day High: 100.92 Day Low: 96.52

Weakness on British Airways below 96.52 will invariably lead to 94 with ……..

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LSE:IGAS Igas Energy Close Mid-Price: 55 Percentage Change: -8.33% Day High: 61 Day Low: 51.8

Continued weakness against IGAS taking the price below 51.8 calculates as ……..

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LSE:IGG IG Group Close Mid-Price: 757.5 Percentage Change: -0.39% Day High: 763 Day Low: 743

In the event IG Group experiences weakness below 743 it calculates with a ……..

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LSE:ITV ITV Close Mid-Price: 57.84 Percentage Change: -1.30% Day High: 58.16 Day Low: 54.94

Target met. If ITV experiences continued weakness below 54.94, it will in ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 41.85 Percentage Change: -3.31% Day High: 42.94 Day Low: 41.12

Weakness on Lloyds Grp. below 41.12 will invariably lead to 40.4 with sec ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 103.7 Percentage Change: + 1.37% Day High: 104.8 Day Low: 98.1

Target met. If Marks and Spencer experiences continued weakness below 98. ……..

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LSE:NG. National Glib. Close Mid-Price: 969.4 Percentage Change: + 2.24% Day High: 981.4 Day Low: 931.8

Target met. Weakness on National Glib below 931.8 will invariably lead to ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 522.4 Percentage Change: -3.47% Day High: 534.2 Day Low: 499

Target met. In the event Ocado Plc experiences weakness below 499 it calc ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 1784 Percentage Change: -0.45% Day High: 1792 Day Low: 1728

If Oxford Instruments experiences continued weakness below 1728, it will ……..

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LSE:PHP Primary Health. Close Mid-Price: 113.5 Percentage Change: + 2.99% Day High: 113.1 Day Low: 106.6

Target met. Continued weakness against PHP taking the price below 106.6 c ……..

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LSE:QFI Quadrise Close Mid-Price: 1.13 Percentage Change: -0.66% Day High: 1.12 Day Low: 1.1

If Quadrise experiences continued weakness below 1.1, it will invariably ……..

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LSE:RMG Royal Mail Close Mid-Price: 187.2 Percentage Change: -3.53% Day High: 190.05 Day Low: 177.15

Target met. If Royal Mail experiences continued weakness below 177.15, it ……..

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LSE:RR. Rolls Royce Close Mid-Price: 66.7 Percentage Change: -3.65% Day High: 68.38 Day Low: 64.48

Target met. Weakness on Rolls Royce below 64.48 will invariably lead to 6 ……..

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LSE:SBRY Sainsbury Close Mid-Price: 182.35 Percentage Change: -3.57% Day High: 187.3 Day Low: 177.25

Target met. Continued weakness against SBRY taking the price below 177.25 ……..

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LSE:SDY Speedyhire Close Mid-Price: 36.25 Percentage Change: -2.16% Day High: 37.8 Day Low: 35.55

If Speedyhire experiences continued weakness below 35.55, it will invaria ……..

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LSE:TRN The Trainline. Close Mid-Price: 307.5 Percentage Change: + 1.82% Day High: 326 Day Low: 287.7

Weakness on The Trainline below 287.7 will invariably lead to 266 with se ……..

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LSE:TSCO Tesco Close Mid-Price: 211.5 Percentage Change: -2.13% Day High: 215.3 Day Low: 206.5

Target met. Continued weakness against TSCO taking the price below 206.5 ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 90.96 Percentage Change: + 2.29% Day High: 91.54 Day Low: 84.76

Weakness on Taylor Wimpey below 84.76 will invariably lead to 61 with sec ……..

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LSE:VOD Vodafone Close Mid-Price: 105.12 Percentage Change: -0.42% Day High: 105.66 Day Low: 102.24

Target met. In the event Vodafone experiences weakness below 102.24 it ca ……..

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*** End of “Updated Today” comments on shares.

GBP vs USD (FX:GBPUSD) and doom

#FTSE #SP500

Back in 1985, the UK enjoyed what was probably the most recent “real” Prime Minister in Margaret Thatcher, along with the release of Dire Straits cracker of a tune, “Money for Nothing”. Quite aptly, it also marked the last time Sterling collapsed against the Dollar, finding itself at a bottom of 1.05, marginally above the most recent fall from grace.

This time around, obviously entirely due to the lack of a “proper” Prime Minister, along with anyone producing decent music, we’re not convinced bottom is “in” for the GBPUSD relationship.

 

From our perspective, the problem comes from the pairing reaching 1.03x (the exact number varies depending on which platform data is taken from). From a Big Picture perspective, we’ve been expecting 1.01, perhaps even 0.99 as “bottom”. Perhaps it shall be the case residual strength in Sterling is presenting itself as capable of a solid bounce but, this being the case, movements in the last couple of days fail to inspire us with any confidence. In theory, the bounce should have ensured the pairing CLOSED Monday above 1.088 but despite briefly exceeding such a level, failed to close in relative safety. As a result, we suspect the agony may not be over for the UK Pound.

Maybe the UK Government needs rush out pound coins with the new Kings likeness stamped on them. That’ll do it! Or maybe not.

From a near term perspective, if weakness is indeed hiding within the pair, below 1.0610 looks capable of reversal to 1.0402 with secondary, if broken, down at 1.0160 from a near term perspective. Strangely, this is extremely close to 0.9986, the bottom the Big Picture almost demands must provide a bounce.

 

In the event the relationship manages above Mondays “spike” high of 1.095, there is apparently an encouraging potential of recovery to an initial 1.1353 with secondary, if beaten, at 1.2184.

Unfortunately, we feel duty bound to now mention Sterling is trading in a quite absurd area, one where we are allowed to mention 0.65 as the “ultimate” bottom.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:39:27PM BRENT 84.59 Success
10:40:53PM GOLD 1629.26
10:42:43PM FTSE 6975 6954 6932 6886 6982 6981 6995 7015 6955
10:44:42PM STOX50 3326.5 Shambles
10:47:35PM GERMANY 12109 ‘cess
10:49:36PM US500 3652.37 3621 3606 3569 3660 3672 3678 3697 3656 Shambles
10:52:05PM DOW 29176.5 Success
10:54:20PM NASDAQ 11278 Shambles
10:56:36PM JAPAN 26421

 

27/09/2022 FTSE Closed at 6984 points. Change of -0.51%. Total value traded through LSE was: £ 6,923,595,633 a change of 5.34%
26/09/2022 FTSE Closed at 7020 points. Change of 0.03%. Total value traded through LSE was: £ 6,572,681,049 a change of 1.53%
23/09/2022 FTSE Closed at 7018 points. Change of -1.97%. Total value traded through LSE was: £ 6,473,438,666 a change of 23.11%
22/09/2022 FTSE Closed at 7159 points. Change of -1.08%. Total value traded through LSE was: £ 5,258,363,393 a change of -10.68%
21/09/2022 FTSE Closed at 7237 points. Change of 0.63%. Total value traded through LSE was: £ 5,887,379,129 a change of 9.29%
20/09/2022 FTSE Closed at 7192 points. Change of -0.61%. Total value traded through LSE was: £ 5,386,737,074 a change of -59.64%
16/09/2022 FTSE Closed at 7236 points. Change of -100%. Total value traded through LSE was: £ 13,346,961,271 a change of 0%

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 info@trendsandtargets.com. 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:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:IGAS Igas Energy** **LSE:ITV ITV** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:PPC President Energy** **LSE:SBRY Sainsbury** **LSE:SDY Speedyhire** **LSE:TRN The Trainline** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : Barrett Devs, British Telecom, Igas Energy, ITV, Marks and Spencer, National Glib, Ocado Plc, Primary Health, President Energy, Sainsbury, Speedyhire, The Trainline, Taylor Wimpey,

LSE:BDEV Barrett Devs Close Mid-Price: 360.3 Percentage Change: -6.46% Day High: 391.3 Day Low: 361.4

Target Met. This is quite bad and now on the edge of troubling times. Weak ……..

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LSE:BT.A British Telecom Close Mid-Price: 125.55 Percentage Change: -1.68% Day High: 128.6 Day Low: 125.3

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LSE:IGAS Igas Energy Close Mid-Price: 60 Percentage Change: -14.53% Day High: 70 Day Low: 54

Currently a little dodgy, below 54 now looks capable of 39 and hopefully a ……..

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LSE:ITV ITV Close Mid-Price: 58.6 Percentage Change: -2.27% Day High: 61.86 Day Low: 58.8

In the event ITV experiences weakness below 58, it calculates with a drop ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 102.3 Percentage Change: -0.68% Day High: 106.8 Day Low: 102.1

Continued weakness against MKS taking the price below 102 calculates as le ……..

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LSE:NG. National Glib Close Mid-Price: 948.2 Percentage Change: -4.05% Day High: 991.6 Day Low: 953.8

Target Met. If National Grid experiences continued weakness below 953, it ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 541.2 Percentage Change: -2.70% Day High: 572.2 Day Low: 539.8

Weakness on Ocado Plc below 539 will invariably lead to 515 with secondary ……..

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LSE:PHP Primary Health Close Mid-Price: 110.2 Percentage Change: -5.41% Day High: 120 Day Low: 110.3

Target Met. Now below 110 looks capable of 106 next. If broken, it almost ……..

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LSE:PPC President Energy Close Mid-Price: 0.88 Percentage Change: -22.22% Day High: 1.15 Day Low: 0.88

Target Met. This feels like it successfully shot itself in the foot. Now b ……..

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LSE:SBRY Sainsbury Close Mid-Price: 189.1 Percentage Change: -1.23% Day High: 194.4 Day Low: 189.45

If Sainsbury experiences continued weakness below 189, it will invariably ……..

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LSE:SDY Speedyhire Close Mid-Price: 37.05 Percentage Change: -1.20% Day High: 38.7 Day Low: 37.35

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LSE:TRN The Trainline Close Mid-Price: 302 Percentage Change: -4.58% Day High: 322.1 Day Low: 296.7

In the event of The Trainline enjoying further trades beyond 400, the shar ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 88.92 Percentage Change: -7.22% Day High: 97.24 Day Low: 89.48

Target Met. This is getting really bad as weakness below 89 now allows for ……..

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*** End of “Updated Today” comments on shares.

Finsbury Growth and Income Trust Plc (LSE:FGT)

#Gold #SP500

It was a pleasure to read the headline blurb in Finsbury’s “About Us” section on their website. It was a master class in no-nonsense PR writing, completely avoiding buzz words, terminology invented by committee think, or meaningless guff. About our only complaint was the use of a 54 word sentence but conversely, it managed to be readable!

Due to our job, we read rather a lot of creative website descriptions and are often guilty of forming an instant dislike toward a company and their products, due to a plethora of guff. But with Finsbury, our kneejerk reaction was to nod approval at the sense of solid stability generated by their unashamedly big sentence. In the investment sector, this is how it should be, justifying our distain toward those companies who trumpet their credentials in the Blockchain and Crypto fields.

 

With regard the company share price, we’re currently a little less enthusiastic as weakness below 798p looks perfectly capable of provoking reversal to an initial 780p with secondary, if broken, at 742p. The secondary is something of a concern as it has the potential of taking the price below the Red uptrend since the pandemic drop of 2020. This creates the situation where should 742p break, we shall be forced to introduce 678p as a longer term drop target.

However, we note the share price need only close a session above 820p to nonsense these drop potentials.

On a brighter note, the share price moving above 850p will be taken as significant, allowing price recovery to an initial 885p with secondary, if beaten, at 935p. Such a price level meets a natural high which has formed since 2019 and hopefully, this time with a 3rd jab at the level will finally allow an upward attempt at a new all time high, calculating at an eventual 1058p.

Alas, with the feel of the markets at present, we suspect this FTSE 250 component shall be doomed to visit the 742p level.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:30:20PM BRENT 82.78 ‘cess
9:32:21PM GOLD 1622.51 1621 1614 1603 1631 1649 1661 1674 1639 ‘cess
9:33:56PM FTSE 7002.07
9:35:40PM STOX50 3342.4
9:37:28PM GERMANY 12216
9:39:06PM US500 3654.12 3643 3626 3596 3676 3716 3736 3767 3687
9:40:46PM DOW 29268
9:42:39PM NASDAQ 11253
9:44:35PM JAPAN 26548

 

26/09/2022 FTSE Closed at 7020 points. Change of 0.03%. Total value traded through LSE was: £ 6,572,681,049 a change of 1.53%
23/09/2022 FTSE Closed at 7018 points. Change of -1.97%. Total value traded through LSE was: £ 6,473,438,666 a change of 23.11%
22/09/2022 FTSE Closed at 7159 points. Change of -1.08%. Total value traded through LSE was: £ 5,258,363,393 a change of -10.68%
21/09/2022 FTSE Closed at 7237 points. Change of 0.63%. Total value traded through LSE was: £ 5,887,379,129 a change of 9.29%
20/09/2022 FTSE Closed at 7192 points. Change of -0.61%. Total value traded through LSE was: £ 5,386,737,074 a change of -59.64%
16/09/2022 FTSE Closed at 7236 points. Change of -0.63%. Total value traded through LSE was: £ 13,346,961,271 a change of 170.28%
15/09/2022 FTSE Closed at 7282 points. Change of -100%. Total value traded through LSE was: £ 4,938,182,265 a change of 0%

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 info@trendsandtargets.com. 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:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:CASP Caspian** **LSE:EZJ EasyJet** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:NG. National Glib** **LSE:PHP Primary Health** **LSE:RMG Royal Mail** **LSE:SBRY Sainsbury** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **

********

Updated charts published on : Asos, Barrett Devs, British Telecom, Caspian, EasyJet, Genel, Gulf Keystone, HSBC, British Airways, National Glib, Primary Health, Royal Mail, Sainsbury, Tesco, Taylor Wimpey, Vodafone,

LSE:ASC Asos. Close Mid-Price: 625 Percentage Change: + 3.99% Day High: 625.5 Day Low: 581

Weakness on Asos below 581 will invariably lead to 559 with secondary 494 ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 385.2 Percentage Change: -5.12% Day High: 400.9 Day Low: 383.9

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LSE:BT.A British Telecom Close Mid-Price: 127.7 Percentage Change: -1.66% Day High: 130.05 Day Low: 125.85

Target met. Weakness on British Telecom below 125.85 will invariably lead ……..

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LSE:CASP Caspian. Close Mid-Price: 3 Percentage Change: + 1.69% Day High: 3.15 Day Low: 2.85

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LSE:EZJ EasyJet Close Mid-Price: 301.6 Percentage Change: -1.63% Day High: 309.1 Day Low: 294.4

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LSE:GENL Genel Close Mid-Price: 121 Percentage Change: -2.26% Day High: 122.6 Day Low: 116.4

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LSE:GKP Gulf Keystone Close Mid-Price: 197.4 Percentage Change: -1.10% Day High: 199.8 Day Low: 190

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LSE:HSBA HSBC Close Mid-Price: 501.6 Percentage Change: -1.65% Day High: 506 Day Low: 492

Weakness on HSBC below 492 will invariably lead to 464 and a hopeful boun ……..

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LSE:IAG British Airways. Close Mid-Price: 101.26 Percentage Change: + 0.94% Day High: 102.68 Day Low: 98.98

If British Airways experiences continued weakness below 98.98, it will i ……..

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LSE:NG. National Glib Close Mid-Price: 988.2 Percentage Change: -2.45% Day High: 1016 Day Low: 970

If National Glib experiences continued weakness below 970, it will invari ……..

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LSE:PHP Primary Health Close Mid-Price: 116.5 Percentage Change: -3.32% Day High: 122.5 Day Low: 115.5

Target met. Weakness on Primary Health below 115.5 will invariably lead t ……..

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LSE:RMG Royal Mail Close Mid-Price: 195.85 Percentage Change: -0.31% Day High: 199.85 Day Low: 192.95

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LSE:SBRY Sainsbury Close Mid-Price: 191.45 Percentage Change: -0.78% Day High: 195 Day Low: 190.1

Target met. If Sainsbury experiences continued weakness below 190.1, it w ……..

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LSE:TSCO Tesco Close Mid-Price: 217.6 Percentage Change: -1.18% Day High: 221.4 Day Low: 215.1

Target met. Weakness on Tesco below 215.1 will invariably lead to 211 wit ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 95.84 Percentage Change: -7.09% Day High: 101.05 Day Low: 95.26

Target met. If Taylor Wimpey experiences continued weakness below 95.26, ……..

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LSE:VOD Vodafone Close Mid-Price: 106.66 Percentage Change: -1.35% Day High: 109.8 Day Low: 105.68

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*** End of “Updated Today” comments on shares.

Barclays

#Brent #Dax

Somewhat half heartedly, Barclays apparently triggered a recovery cycle to the 200p level a couple of weeks ago. Alas, the share price failed to complete the job, failing to close a session above 174p, instead – somewhat spitefully – opting to close at a high of just 173.96p. By 4/100th of a penny, it carefully avoiding committing to a trigger level, an utterly frustrating movement.

This sort of thing would be funny, if it weren’t real people with real money being played with. At least the price shuffle effectively confirmed we’d been following the correct trend, despite the market pushing us to the edge of a temper tantrum. Unfortunately, in the period since, the share price has found itself under threat by wider market influences (aka, interest rates, inflation, Russia).

 

Presently trading around 161.86p, the immediate situation suggests weakness below 160.5p risks triggering reversals to an initial 155.3p with secondary, if broken, at 150p and a very probable bounce. This “threat” of a bounce is further compounded by the present a the Red uptrend since the pandemic low of March 2020. It’s also quite important such a level justifies a bounce, thanks to a very real implication of a further 1/3 drop to an eventual ridiculous looking 100p!

 

There’s a bit of a however, thanks to the current market wide series of reversals all feeling a bit contrived. We harbour a suspicion the series of reversals shall suddenly cease, potentially by the time the FTSE troubles the 6,700 level. Hopefully, this shall tie in quite neatly with Barclays hitting the 150p level.

Amusingly, from a near term perspective, Barclays share price need only exceed 167p to once again give the prospect of a visit to 174p. Closing above this level remains utterly crucial for longer term hope, recovery to 198p with secondary 202p remaining very possible. The close proximity of this pair of targets tends suggest a stumble should be expected around such a level. Visually, this would make sense given the previous highs at the start of this year.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
8:56:48PM BRENT 85.86 84.65 83.75 82.1 85.66 85.92 86.47 87.06 85.24
8:58:36PM GOLD 1644.01 1667
9:01:01PM FTSE 7030.07 7010
9:03:42PM STOX50 3359.2 3347
9:05:38PM GERMANY 12311 12232 12193 12137 12296 12384 12456 12549 12274
9:08:38PM US500 3696 3700
9:12:38PM DOW 29607 29630
9:14:48PM NASDAQ 11317 11414
9:17:46PM JAPAN 26628 26605

 

23/09/2022 FTSE Closed at 7018 points. Change of -1.97%. Total value traded through LSE was: £ 6,473,438,666 a change of 23.11%
22/09/2022 FTSE Closed at 7159 points. Change of -1.08%. Total value traded through LSE was: £ 5,258,363,393 a change of -10.68%
21/09/2022 FTSE Closed at 7237 points. Change of 0.63%. Total value traded through LSE was: £ 5,887,379,129 a change of 9.29%
20/09/2022 FTSE Closed at 7192 points. Change of -0.61%. Total value traded through LSE was: £ 5,386,737,074 a change of -59.64%
16/09/2022 FTSE Closed at 7236 points. Change of -0.63%. Total value traded through LSE was: £ 13,346,961,271 a change of 170.28%
15/09/2022 FTSE Closed at 7282 points. Change of 0.07%. Total value traded through LSE was: £ 4,938,182,265 a change of -14.27%
14/09/2022 FTSE Closed at 7277 points. Change of -1.46%. Total value traded through LSE was: £ 5,760,077,523 a change of 12.58%

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 info@trendsandtargets.com. 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:AFC AFC Energy** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:BT.A British Telecom** **LSE:DARK Darktrace Plc** **LSE:EZJ EasyJet** **LSE:GKP Gulf Keystone** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:RMG Royal Mail** **LSE:SPX Spirax** **LSE:TERN Tern Plc** **LSE:TSCO Tesco** **

********

Updated charts published on : AFC Energy, Aston Martin, Asos, British Telecom, Darktrace Plc, EasyJet, Gulf Keystone, British Airways, IG Group, Intercontinental Hotels Group, ITM Power, Intertek, ITV, Just Eat, Marks and Spencer, National Glib, Ocado Plc, Oxford Instruments, Primary Health, Royal Mail, Spirax, Tern Plc, Tesco,

LSE:AFC AFC Energy Close Mid-Price: 17.98 Percentage Change: -4.36% Day High: 19.6 Day Low: 17.5

Target met. If AFC Energy experiences continued weakness below 17.5, it w ……..

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LSE:AML Aston Martin Close Mid-Price: 143.7 Percentage Change: -3.69% Day High: 146 Day Low: 133.25

Weakness on Aston Martin below 133.25 will invariably lead to 132.5 with ……..

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LSE:ASC Asos Close Mid-Price: 601 Percentage Change: -6.53% Day High: 653.5 Day Low: 602.5

Continued weakness against ASC taking the price below 602.5 calculates as ……..

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LSE:BT.A British Telecom Close Mid-Price: 129.85 Percentage Change: -3.46% Day High: 135.7 Day Low: 129.15

In the event British Telecom experiences weakness below 129.15 it calcula ……..

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LSE:DARK Darktrace Plc Close Mid-Price: 303.2 Percentage Change: -3.35% Day High: 322.2 Day Low: 297.6

If Darktrace Plc experiences continued weakness below 297.6, it will inva ……..

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LSE:EZJ EasyJet Close Mid-Price: 306.6 Percentage Change: -4.90% Day High: 328.2 Day Low: 304.6

Target met. Weakness on EasyJet below 304.6 will invariably lead to 281 w ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 199.6 Percentage Change: -7.81% Day High: 221 Day Low: 197.8

Continued weakness against GKP taking the price below 197.8 calculates as ……..

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LSE:IAG British Airways Close Mid-Price: 100.32 Percentage Change: -1.94% Day High: 104.5 Day Low: 99.33

Target met. In the event British Airways experiences weakness below 99.3 ……..

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LSE:IGG IG Group. Close Mid-Price: 758.5 Percentage Change: + 0.20% Day High: 767 Day Low: 751

Weakness on IG Group below 751 will invariably lead to 717 with secondary ……..

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LSE:IHG Intercontinental Hotels Group Close Mid-Price: 4275 Percentage Change: -1.79% Day High: 4332 Day Low: 4224

In the event Intercontinental Hotels Group experiences weakness below 422 ……..

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LSE:ITM ITM Power Close Mid-Price: 101.65 Percentage Change: -5.40% Day High: 107.65 Day Low: 97.54

Target met. Weakness on ITM Power below 97.54 will invariably lead to 80 ……..

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LSE:ITRK Intertek. Close Mid-Price: 3761 Percentage Change: + 1.35% Day High: 3793 Day Low: 3671

Continued weakness against ITRK taking the price below 3671 calculates as ……..

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LSE:ITV ITV Close Mid-Price: 60.64 Percentage Change: -3.75% Day High: 63.34 Day Low: 59.92

Target met. In the event ITV experiences weakness below 59.92 it calculat ……..

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LSE:JET Just Eat Close Mid-Price: 1279.8 Percentage Change: -4.35% Day High: 1341.2 Day Low: 1274

If Just Eat experiences continued weakness below 1274, it will invariably ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 106.55 Percentage Change: -3.49% Day High: 113.2 Day Low: 106.25

Continued weakness against MKS taking the price below 106.25 calculates a ……..

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LSE:NG. National Glib Close Mid-Price: 1013 Percentage Change: -1.36% Day High: 1034 Day Low: 989

In the event National Glib experiences weakness below 989 it calculates w ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 553.4 Percentage Change: -0.75% Day High: 566.8 Day Low: 540.6

Target met. Weakness on Ocado Plc below 540.6 will invariably lead to 515 ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 1838 Percentage Change: -2.75% Day High: 1894 Day Low: 1770

Target met. In the event Oxford Instruments experiences weakness below 17 ……..

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LSE:PHP Primary Health Close Mid-Price: 120.5 Percentage Change: -2.43% Day High: 123.7 Day Low: 118.8

Target met. If Primary Health experiences continued weakness below 118.8, ……..

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LSE:RMG Royal Mail Close Mid-Price: 196.45 Percentage Change: -3.98% Day High: 208.3 Day Low: 195.15

Target met. Weakness on Royal Mail below 195.15 will invariably lead to 1 ……..

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LSE:SPX Spirax Close Mid-Price: 9806 Percentage Change: -0.67% Day High: 9988 Day Low: 9448

Continued weakness against SPX taking the price below 9448 calculates as ……..

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LSE:TERN Tern Plc Close Mid-Price: 9.25 Percentage Change: -9.84% Day High: 9.5 Day Low: 8.25

Target met. In the event Tern Plc experiences weakness below 8.25 it calc ……..

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LSE:TSCO Tesco Close Mid-Price: 220.2 Percentage Change: -3.00% Day High: 228.2 Day Low: 219.5

Target met. If Tesco experiences continued weakness below 219.5, it will ……..

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*** End of “Updated Today” comments on shares.