Trends And Targets

#Gold #WallSt  The newest buzzword in the marketplace, Artificial Intelligence, is probably a serious issue for the crypto sector. After revelling in the dubious glow of imaginary success, the “new” buzzword has nudged things like Blockchain and Data Mining out of the fast lane as AI edges into position as the great saviour of the marketplace. With WPP teaming up with Nvidia, perhaps the advertising industry is on the edge of the dystopian vision of advertising as shown in movies such as “The Running Man” or “Total Recall”, where a commute to work is punctuated by targeted, instantly generated personalised advertising.

All it will need is facial recognition to recognise individuals, doubtless to be the subject of media hysterics anytime soon.

 

Okay, perhaps we’re being a little melodramatic, easily influenced by the work of authors such as Philip K Dick and Stephen King, neither of whom are famed for a view of the future through rose tinted glasses.

 

 

It’s been a slight surprise the hook up between WPP and Nvidia has failed, so far, to produce anything spectacular with WPP’s share price. Chipmaker Nvidia, on the other hand, continues to soar on the Nasdaq and looks capable of attaining $465 eventually, currently trading around $378 and starting 2023 down at $140!. To compare, WPP started this year at 820p and currently look troubled at 854p.

 

The immediate situation for WPP suggests weakness below 850p should promote reversal to 827p and perhaps some sort of bounce. We’re not particularly confident with such a scenario, suspecting 827p shall break on an initial downward surge, revealing the potential of an eventual bottom at 743p and hopefully a proper rebound.  Glancing at the chart below, the 740p level has history in providing a floor, one which hopefully isn’t made of thin ice as breakage threatens a visit to an eventual bottom of 508p.

 

If things intend become useful for WPP, about the best we dare suggest is a scenario which requires the share price exceed 952p, hopefully triggering price recovery to an initial 1110p with our secondary, if bettered, at 1439p, requiring another hard look at future potentials.

 

 

For now, we suspect WPP intends an eventual bounce just before 743p.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:29:51PM	BRENT	72.37									‘cess
9:31:56PM	GOLD	1963.43	1954	1952	1945	1961	1969	1972	1974	1963	‘cess
9:34:44PM	FTSE	7467.9									Success
9:51:39PM	STOX50	4235.6									ditto
11:06:45PM	GERMANY	15707.98									ditto
11:26:52PM	US500	4184.17									ditto
11:29:34PM	DOW	32869	32735	32646	32533	32911	33007	33107	33231	32917	ditto
11:31:41PM	NASDAQ	14265.82
11:34:30PM	JAPAN	30769									Success

31/05/2023 FTSE Closed at 7446 points. Change of -1.01%. Total value traded through LSE was: £ 14,237,190,282 a change of 154.29%

30/05/2023 FTSE Closed at 7522 points. Change of -1.38%. Total value traded through LSE was: £ 5,598,786,913 a change of 22.18%

26/05/2023 FTSE Closed at 7627 points. Change of 0.75%. Total value traded through LSE was: £ 4,582,588,809 a change of -1.57%

25/05/2023 FTSE Closed at 7570 points. Change of -0.75%. Total value traded through LSE was: £ 4,655,843,667 a change of -31.38%

24/05/2023 FTSE Closed at 7627 points. Change of -1.74%. Total value traded through LSE was: £ 6,784,933,914 a change of 44.14%

23/05/2023 FTSE Closed at 7762 points. Change of -0.1%. Total value traded through LSE was: £ 4,707,065,644 a change of -36.1%

22/05/2023 FTSE Closed at 7770 points. Change of -100%. Total value traded through LSE was: £ 7,366,100,317 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:AML Aston Martin** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:BP. BP PLC** **LSE:DGE Diageo** **LSE:FRES Fresnillo** **LSE:ITM ITM Power** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:MMAG Music Magpie** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:SDY Speedyhire** **LSE:SRP Serco** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **

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Updated charts published on : AFC Energy, Aston Martin, Asos, Aviva, BP PLC, Diageo, Fresnillo, ITM Power, ITV, Just Eat, Music Magpie, Natwest, Ocado Plc, Speedyhire, Serco, Vodafone, Zoo Digital,

LSE:AFC AFC Energy Close Mid-Price: 15.26 Percentage Change: -9.49% Day High: 16.88 Day Low: 15.12

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LSE:AML Aston Martin. Close Mid-Price: 284 Percentage Change: + 9.57% Day High: 290 Day Low: 255.2

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LSE:ASC Asos Close Mid-Price: 343.3 Percentage Change: -3.57% Day High: 368.5 Day Low: 338.4

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LSE:AV. Aviva Close Mid-Price: 394.2 Percentage Change: -2.69% Day High: 405.2 Day Low: 392.7

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LSE:BP. BP PLC Close Mid-Price: 453.3 Percentage Change: -2.85% Day High: 467.35 Day Low: 447.2

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LSE:DGE Diageo Close Mid-Price: 3347 Percentage Change: -1.63% Day High: 3387 Day Low: 3348.5

Target met. Continued weakness against DGE taking the price below 3348.5 ……..

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LSE:FRES Fresnillo Close Mid-Price: 648 Percentage Change: -0.09% Day High: 653 Day Low: 638.8

Target met. Weakness on Fresnillo below 638.8 will invariably lead to 629 ……..

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LSE:ITM ITM Power. Close Mid-Price: 69.24 Percentage Change: + 3.28% Day High: 70.2 Day Low: 66

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LSE:ITV ITV Close Mid-Price: 69.8 Percentage Change: -1.80% Day High: 71 Day Low: 69.26

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LSE:JET Just Eat Close Mid-Price: 1209 Percentage Change: -6.42% Day High: 1280 Day Low: 1207

Target met. Weakness on Just Eat below 1207 will invariably lead to 1181 ……..

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LSE:MMAG Music Magpie Close Mid-Price: 17.5 Percentage Change: -4.11% Day High: 18.25 Day Low: 17.5

Target met. If Music Magpie experiences continued weakness below 17.5, it ……..

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LSE:NWG Natwest Close Mid-Price: 259.6 Percentage Change: -2.15% Day High: 265.8 Day Low: 259.5

Continued weakness against NWG taking the price below 259.5 calculates as ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 369 Percentage Change: -5.84% Day High: 390.6 Day Low: 367.2

Target met. Weakness on Ocado Plc below 367.2 will invariably lead to 355 ……..

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LSE:SDY Speedyhire Close Mid-Price: 30.9 Percentage Change: -8.04% Day High: 33.05 Day Low: 30.15

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LSE:SRP Serco Close Mid-Price: 142.9 Percentage Change: -0.69% Day High: 144.4 Day Low: 142.5

If Serco experiences continued weakness below 142.5, it will invariably l ……..

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LSE:VOD Vodafone Close Mid-Price: 76.37 Percentage Change: -1.77% Day High: 78.9 Day Low: 76.25

Weakness on Vodafone below 76.25 will invariably lead to 73 with secondar ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 124 Percentage Change: -5.70% Day High: 131.5 Day Low: 125.5

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

#Brent #Dax  Few things are more enjoyable than a surprise holiday Monday. We’d totally forgotten about the one at the end of May, only a last minute invite on Sunday to a BBQ across on the mainland letting us know we’d a free day ahead. Usually, we’ll take steps to give the impression we were working on the holiday but, as we were all attending, such an ambition proved impossible! Instead, a decision was made to refrain from drinking and to knock together something plausible, when the party was over. Unfortunately, this ambition failed to make it past a cousin who’d also a great friend, albeit one with a dodgy sense of humour.

 

Two glasses of wine was all it took to knock me out. Some years ago, we discovered quality red wine is ‘fined’ (presumably a posh term for refined) through gluten and egg white. The method of discovery was simple, the pair of us sharing a bottle of Chateauneuf Du Pape over lunch followed by by me passing out for a day. Since then, as a dedicated cheap wino due to being allergic to egg and also suffer from Coeliac disease (the gluten thing), the joy of a quality glass of plonk has been sadly missed. But the two glasses of Red at the BBQ were excellent, despite each being poured from petrol station wine box, and ignoring the party, falling sound asleep, was the only available option. This fell quite solidly into the “with friends like this, who needs enemies” category as he tried to explain he’d a theory my previous reaction was contrived, because I’d expected it. But on the bright side, I’d only had two glasses of the wine which he’d somehow decanted into the cheap petrol station wine box and thus, left plenty for everyone else!

My wife, on Tuesday, was literally hopping from foot to foot with utter fury, when the “joke” was revealed. After all, she didn’t grow up with the pair of us and our merciless behaviour through childhood, maturing into elaborate practical jokes as we grow older. This time, I only slept for 19 hours, making me suspect the makers of Chateauneuf Du Pape perhaps are easing on their contents in homage to the current round of shrinkflation greed damaging retail.

 

All kidding aside, this perhaps shall provoke troubles for retailers as the year develops and earnings are reported. There must be many folk lifting an item from the shelves in a supermarket, only to decide “nope” as the packet of biscuits once were heavier, the coffee bag once held 300g of beans and now only 200g, an ailment spreading down most aisles of supermarkets. A personal guilty secret, gluten free choc-chip cookies, were in bags of 10 biscuits at the start of this year. Then, the contents shrunk to 8 and now, just 6 smaller cookies, making the decision to avoid buying them easy. Pepsi Cola became a private battle, their two litre bottles shrinking to 1.8 litres while the price increased. Around this point came the discovery supermarket cola tastes just fine with dark rum…

If these buying habits are repeated, it’s easy to suspect future retail earnings report shall be questionable.

 

 

For now, the banking sector remains the most immediate source of chaos as weakness now continuing below 44.9p for Lloyds looks capable of triggering reversal to an initial 43.4p. Should such a price level break, we suspect any bounce shall prove short lives as our secondary target works out at 41p and hopefully a proper bounce, despite the uptrend since 2020 being broken. We can make an eventual argument pointing at 35p as possible but this remains a target level we doubt.

 

If everything intends go right for Lloyds, the share price now needs exceed 50p to hint at the potential of miracle recovery to an initial 56p with secondary, if bettered, at a more useful future 61p. Alas, for now, a series of “lower lows” suggests Lloyds intends head to 41p again.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
9:17:47PM	BRENT	74.2	73.41	72.36	70.3	74.84	76.8	77.56	78.94	75.32
9:19:51PM	GOLD	1959.36								1950
9:21:30PM	FTSE	7536								7572
9:23:28PM	STOX50	4291.4								4287
9:32:56PM	GERMANY	15922.01	15883	15834	15751	15954	16035	16059	16118	15963
9:34:12PM	US500	4210.82								4214
9:35:48PM	DOW	33049.3								33095
9:37:53PM	NASDAQ	14378								14363
9:39:42PM	JAPAN	31135								31257

 

30/05/2023 FTSE Closed at 7522 points. Change of -1.38%. Total value traded through LSE was: £ 5,598,786,913 a change of 22.18%

26/05/2023 FTSE Closed at 7627 points. Change of 0.75%. Total value traded through LSE was: £ 4,582,588,809 a change of -1.57%

25/05/2023 FTSE Closed at 7570 points. Change of -0.75%. Total value traded through LSE was: £ 4,655,843,667 a change of -31.38%

24/05/2023 FTSE Closed at 7627 points. Change of -1.74%. Total value traded through LSE was: £ 6,784,933,914 a change of 44.14%

23/05/2023 FTSE Closed at 7762 points. Change of -0.1%. Total value traded through LSE was: £ 4,707,065,644 a change of -36.1%

22/05/2023 FTSE Closed at 7770 points. Change of 0.18%. Total value traded through LSE was: £ 7,366,100,317 a change of 37.01%

19/05/2023 FTSE Closed at 7756 points. Change of -100%. Total value traded through LSE was: £ 5,376,481,422 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:ASC Asos** **LSE:CAR Carclo** **LSE:CCL Carnival** **LSE:CNA Centrica** **LSE:EME Empyrean** **LSE:FRES Fresnillo** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:MMAG Music Magpie** **LSE:NWG Natwest** **LSE:SRP Serco** **LSE:VOD Vodafone** **

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Updated charts published on : AFC Energy, Asos, Carclo, Carnival, Centrica, Empyrean, Fresnillo, ITV, Just Eat, Music Magpie, Natwest, Serco, Vodafone,

LSE:AFC AFC Energy Close Mid-Price: 16.86 Percentage Change: -3.77% Day High: 18.04 Day Low: 16.78

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LSE:ASC Asos Close Mid-Price: 356 Percentage Change: -12.32% Day High: 415.2 Day Low: 356

Target met. Continued weakness against ASC taking the price below 356 cal ……..

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LSE:CAR Carclo. Close Mid-Price: 13 Percentage Change: + 8.33% Day High: 14 Day Low: 12.95

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LSE:CCL Carnival Close Mid-Price: 796.4 Percentage Change: -0.10% Day High: 831.6 Day Low: 794

Continued trades against CCL with a mid-price ABOVE 831.6 should improve ……..

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LSE:CNA Centrica. Close Mid-Price: 119.9 Percentage Change: + 1.27% Day High: 122.2 Day Low: 118.9

Target met. Further movement against Centrica ABOVE 122.2 should improve ……..

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LSE:EME Empyrean Close Mid-Price: 0.82 Percentage Change: -20.39% Day High: 0.9 Day Low: 0.8

Target met. If Empyrean experiences continued weakness below 0.8, it will ……..

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LSE:FRES Fresnillo Close Mid-Price: 648.6 Percentage Change: -1.13% Day High: 661.4 Day Low: 644.4

Target met. If Fresnillo experiences continued weakness below 644.4, it w ……..

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LSE:ITV ITV Close Mid-Price: 71.08 Percentage Change: -0.75% Day High: 71.94 Day Low: 70.68

Target met. In the event ITV experiences weakness below 70.68 it calculat ……..

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LSE:JET Just Eat Close Mid-Price: 1292 Percentage Change: -3.08% Day High: 1342 Day Low: 1293

If Just Eat experiences continued weakness below 1293, it will invariably ……..

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LSE:MMAG Music Magpie Close Mid-Price: 18.25 Percentage Change: -3.95% Day High: 19.25 Day Low: 18.25

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LSE:NWG Natwest Close Mid-Price: 265.3 Percentage Change: -0.82% Day High: 269 Day Low: 264.8

Weakness on Natwest below 264.8 will invariably lead to 238 with secondar ……..

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LSE:SRP Serco Close Mid-Price: 143.9 Percentage Change: -1.17% Day High: 145.8 Day Low: 143.7

Continued weakness against SRP taking the price below 143.7 calculates as ……..

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LSE:VOD Vodafone Close Mid-Price: 77.75 Percentage Change: -2.16% Day High: 79.97 Day Low: 77.42

Target met. In the event Vodafone experiences weakness below 77.42 it cal ……..

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

#FTSE #Gold  Historically, we distrust Bitcoin but visually, we’re on the edge of suspecting it intends an “amusing” strategy anytime soon, due to some recent price movements.  Since April, the price of the imaginary currency has been paying homage to the downtrend since 2021 and often, this sort of thing will often exhibit a typical  end game. Which can be risky!

When a price becomes devoted to a trend line, matters will often conclude with a sharp ‘surprise and irrational’ movement and in the case of Bitcoin, we shall not be aghast if it suddenly discovers an excuse to decline below 25800 dollars to an immediate 25330 with secondary, if this initial breaks, at around 24800 dollars and hopefully a proper bounce. The interesting thing comes, if any bounce exceeds Blue on the chart, we’d hope for a visit to $30000 with secondary, if bettered, at an eventual 40000 dollars.

The risk element comes as this is clearly a case of trying to catch a falling knife but, in the case of something where price movements appear to be often manipulated, it can prove worth watching for the scenario unfolding.

 

The FTSE has been misbehaving this week, rarely doing anything which looked sane and now, quite worrying to note, the value has once again sneaked below the Blue downtrend which dates back to 2018. This sort of thing is interesting, making us question whether a new trend is about to spawn as the market feels like it doesn’t have a clue what to do. From a near term perspective, below 7569 risks reversal to a paltry 7555 points with secondary, if broken, at 7500 points.

Below 7500 risks quite a degree of pain as the FTSE enters a cycle where an eventual 7359 calculates as bottom. The tightest stop against this scenario works out 7650 points, wide but given the risk/reward, perfectly logical.

 

Our alternate scenario, should gains be planned, suggests movement above 7650 should attempt an initial 7680 points with secondary, if exceeded, calculating at a surprising 7755 points! Despite this being the weekend of the exquisitely boring Monte Carlo Grand Prix, we’re inclined toward optimism for the near future, suspecting Friday shall display some FTSE recovery.

 

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
9:39:13PM	BRENT	76.04	75.6	74.44		76.25	78.38	78.68		77.09	Success
9:40:55PM	GOLD	1940.74	1938	1934		1954	1964	1974		1954	‘cess
9:45:22PM	FTSE	7590.03	7558	7464		7648	7636	7655		7605
9:47:20PM	STOX50	4287.9	4248	4239		4273	4298	4312		4268
9:50:18PM	GERMANY	15836.78	15769	15668		15890	15890	15935		15814	‘cess
9:52:30PM	US500	4152.62	4127	4111		4151	4167	4181		4144
9:55:43PM	DOW	32753.7	32566	32254		32870	32868	32941		32674	‘cess
9:57:48PM	NASDAQ	13949	13783	13722		13847	13994	14064		13881	Success
9:59:52PM	JAPAN	13063	30603	30476		30903	31114	31297		30856	‘cess

 

25/05/2023 FTSE Closed at 7570 points. Change of -0.75%. Total value traded through LSE was: £ 4,655,843,667 a change of -31.38%

24/05/2023 FTSE Closed at 7627 points. Change of -1.74%. Total value traded through LSE was: £ 6,784,933,914 a change of 44.14%

23/05/2023 FTSE Closed at 7762 points. Change of -0.1%. Total value traded through LSE was: £ 4,707,065,644 a change of -36.1%

22/05/2023 FTSE Closed at 7770 points. Change of 0.18%. Total value traded through LSE was: £ 7,366,100,317 a change of 37.01%

19/05/2023 FTSE Closed at 7756 points. Change of 0.18%. Total value traded through LSE was: £ 5,376,481,422 a change of -9.9%

18/05/2023 FTSE Closed at 7742 points. Change of 0.25%. Total value traded through LSE was: £ 5,967,034,656 a change of 12.56%

17/05/2023 FTSE Closed at 7723 points. Change of -0.36%. Total value traded through LSE was: £ 5,301,388,137 a change of 17.83%

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:AV. Aviva** **LSE:EME Empyrean** **LSE:FRES Fresnillo** **LSE:GRG Greggs** **LSE:IDS International Distribution** **LSE:ITV ITV** **LSE:MMAG Music Magpie** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:QED Quadrise** **

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Updated charts published on : Aviva, Empyrean, Fresnillo, Greggs, International Distribution, ITV, Music Magpie, National Glib, Natwest, Quadrise,

LSE:AV. Aviva. Close Mid-Price: 400.1 Percentage Change: + 0.30% Day High: 403.8 Day Low: 394.7

If Aviva experiences continued weakness below 394.7, it will invariably l ……..

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LSE:EME Empyrean Close Mid-Price: 1.06 Percentage Change: -3.78% Day High: 1 Day Low: 0.9

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LSE:FRES Fresnillo Close Mid-Price: 652.6 Percentage Change: -1.30% Day High: 662.2 Day Low: 652.4

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LSE:GRG Greggs. Close Mid-Price: 2658 Percentage Change: + 0.15% Day High: 2678 Day Low: 2600

Weakness on Greggs below 2600 will invariably lead to 2569 with secondary ……..

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LSE:IDS International Distribution Close Mid-Price: 196.85 Percentage Change: -0.05% Day High: 199.15 Day Low: 191.2

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LSE:ITV ITV Close Mid-Price: 72.44 Percentage Change: -0.44% Day High: 73.04 Day Low: 72.06

Weakness on ITV below 72.06 will invariably lead to 71 with secondary (if ……..

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LSE:MMAG Music Magpie Close Mid-Price: 18.5 Percentage Change: -3.90% Day High: 19.25 Day Low: 18.5

Continued weakness against MMAG taking the price below 18.5 calculates as ……..

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LSE:NG. National Glib Close Mid-Price: 1083.5 Percentage Change: -1.37% Day High: 1105 Day Low: 1074

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LSE:NWG Natwest. Close Mid-Price: 268.3 Percentage Change: + 0.07% Day High: 270.4 Day Low: 266.1

If Natwest experiences continued weakness below 266.1, it will invariably ……..

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LSE:QED Quadrise Close Mid-Price: 1.05 Percentage Change: -4.95% Day High: 0 Day Low: 0

Weakness on Quadrise below 1.05 will invariably lead to 0.7 and that’s it ……..

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

#Gold #NK225  While we count the minutes down to Monaco and what’s generally the most boring Grand Prix of the year, it’d be churlish not to review something fuel related. Shell, recently revealing astounding profit levels and surprising levels of PR incompetence at their AGM by allowing climate protesters to invade, while going on to defend their own emissions targets.

What remains funny is the habit of the media in continuing to attribute Shells doubling of profits to Ukraine, ignoring the reality of the jump in oil and gas prices occurring in the 3 months before the Ukraine thing kicked off. Thankfully, the pain of high fuel prices has eased considerably with today, here in Argyll, our local fuel station has Diesel priced at 129p/litre, Unleaded at 134p/litre. Across on the mainland, people are doubtless paying substantially less but fuel extortion is part of the cost of living in a remote area of Scotland.

To be honest, we’re clueless as to what brand of fuel is sold locally but think it’s probably Shell, due to the use of a corporate yellow everywhere in an independent outlet.

 

Since March, Shells share price movements have been just as chaotic as the company recent AGM proved. The value has pretended it’s going to go up, then produced a feint downward which also proved fake. But now, we’re a little worried, thanks to the share price carefully following an invisible path below the Red uptrend since 2020. The chart extract, showing the precise closing prices for each session,

begs the question, is this a warning for coming problems?

 

 

From an immediate perspective, if we take recent behaviour as a sign of nerves, it appears below 2320p risks triggering reversals to an initial 2216p with secondary, if broken, down at 2096p and hopefully a bounce. Just for light relief, we’ve decorated the chart with a 3rd level drop target should the secondary break as 1889p calculates as possible.

 

However, our inclination is to suspect Shell shall discover a reason for a share price boost. Unfortunately, it needs above 2496p to convince us of something useful happening as this works out with the potential of a visit to an initial 2629p with secondary, if bettered, at 2784p and doubtless some hesitation, due to prior highs back in 2018.

 

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:11:49PM	BRENT	77.97								77.54
9:14:42PM	GOLD	1959.65	1956	1943	1929	1970	1985	1992	2005	1971	‘cess
9:20:45PM	FTSE	7629.39								7612	Success
9:24:02PM	STOX50	4278.9								4294	Success
9:26:40PM	GERMANY	15907								16013	Success
9:29:47PM	US500	4133.72								4143	‘cess
9:32:30PM	DOW	32810								32983	Success
9:35:35PM	NASDAQ	13737								13688	‘cess
9:37:55PM	JAPAN	30555	30388	30306	29957	30594	30845	31006	31208	30660	‘cess

 

24/05/2023 FTSE Closed at 7627 points. Change of -1.74%. Total value traded through LSE was: £ 6,784,933,914 a change of 44.14%

23/05/2023 FTSE Closed at 7762 points. Change of -0.1%. Total value traded through LSE was: £ 4,707,065,644 a change of -36.1%

22/05/2023 FTSE Closed at 7770 points. Change of 0.18%. Total value traded through LSE was: £ 7,366,100,317 a change of 37.01%

19/05/2023 FTSE Closed at 7756 points. Change of 0.18%. Total value traded through LSE was: £ 5,376,481,422 a change of -9.9%

18/05/2023 FTSE Closed at 7742 points. Change of 0.25%. Total value traded through LSE was: £ 5,967,034,656 a change of 12.56%

17/05/2023 FTSE Closed at 7723 points. Change of -0.36%. Total value traded through LSE was: £ 5,301,388,137 a change of 17.83%

16/05/2023 FTSE Closed at 7751 points. Change of -0.33%. Total value traded through LSE was: £ 4,499,249,343 a change of -9.01%

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:AV. Aviva** **LSE:GRG Greggs** **LSE:IDS International Distribution** **LSE:MKS Marks and Spencer** **LSE:MMAG Music Magpie** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:PMG Parkmead** **LSE:QED Quadrise** **LSE:RBD Reabold Resources PLC** **

********

Updated charts published on : Aviva, Greggs, International Distribution, Marks and Spencer, Music Magpie, National Glib, Natwest, Parkmead, Quadrise, Reabold Resources PLC,

LSE:AV. Aviva Close Mid-Price: 398.9 Percentage Change: -5.88% Day High: 418.9 Day Low: 397.7

Weakness on Aviva below 397.7 will invariably lead to 387 with secondary, ……..

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LSE:GRG Greggs Close Mid-Price: 2654 Percentage Change: -1.19% Day High: 2684 Day Low: 2624

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LSE:IDS International Distribution Close Mid-Price: 196.95 Percentage Change: -1.82% Day High: 200 Day Low: 193.95

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LSE:MKS Marks and Spencer. Close Mid-Price: 184.75 Percentage Change: + 12.93% Day High: 188.15 Day Low: 173.9

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LSE:MMAG Music Magpie Close Mid-Price: 19.25 Percentage Change: -3.75% Day High: 20 Day Low: 19.25

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LSE:NG. National Glib Close Mid-Price: 1098.5 Percentage Change: -1.17% Day High: 1107 Day Low: 1088.5

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LSE:NWG Natwest Close Mid-Price: 268.1 Percentage Change: -2.15% Day High: 272.8 Day Low: 268.5

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LSE:PMG Parkmead Close Mid-Price: 20.25 Percentage Change: -3.57% Day High: 21 Day Low: 20.25

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LSE:QED Quadrise Close Mid-Price: 1.11 Percentage Change: -2.63% Day High: 1.12 Day Low: 1.1

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

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LSE:RBD Reabold Resources PLC Close Mid-Price: 0.14 Percentage Change: -1.69% Day High: 0.15 Day Low: 0.14

In the event Reabold Resources PLC experiences weakness below 0.14 it cal ……..

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

#Stocks50 #Nasdaq  As it has been nearly a year since our previous GSK review, we’d hoped for something approaching useful share price behaviour but instead, the company has managed a level of stability usually seen in the banking sector. This, of course, is a polite way of saying “nothing much happening!” which is a surprise. Glancing at their Wiki page, they could inspire an entire franchise of movies capable of challenging ‘Pirates of the Caribbean’ or ‘Jason Bourne’ due to an eye watering range of fines levied for corporate misbehaviour and oopsies.

 

However, speaking as someone whose daily diet includes at least 3 of their pharmaceutical products, GSK are obviously a brilliant, innovative, company and one which we should support. But discovering they’d actually managed to get fined in one country for claiming Ribena contained Vitamin C, when none was actually present in the product, was a surprise. The company has now divested themselves of the brand and we’d imagine this little error has now been remedied internationally. And in any case, Ribena is nice, regardless.

 

 

If GSK share price intends cause real trouble in the future, presently below 1330p looks like firing the first warning shot, risking the price sinking below Red on the chart below and finding its way down to an initial 1260, perhaps with a short lived bounce. In such a scenario, we suspect 1260 shall break, with the share price eventually finding a bottom by 1144p and hopefully a proper rebound. There’s a major problem at the 1144 level as any break below calculates with the potential of slippage to 770p eventually.

Currently, absolutely nothing suggests this is a threat.

 

We shall be more interested, if the share price manages to find its way above 1527p, breaking through the immediate Blue downtrend and giving some hope for future recovery. Such a movement works out with the potential ability to climb to an initial 1520p with secondary, if beaten, at 1717p. Above such a level will require us to again view the tea leaves, thanks to potentials which suggest a new all time high is awaiting in the distant future.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:45:31PM	BRENT	77.42									‘cess
9:47:42PM	GOLD	1974.99									Success
9:49:57PM	FTSE	7738.51
9:51:46PM	STOX50	4327.3	4316	4303	4266	4344	4398	4409	4422	4369	Success
9:53:33PM	GERMANY	16083									Success
9:55:26PM	US500	4149.62
9:57:46PM	DOW	33086.1
10:00:07PM	NASDAQ	13689	13664	13579	13461	13729	13774	13790	13832	13720	Shambles
10:01:55PM	JAPAN	30688

 

23/05/2023 FTSE Closed at 7762 points. Change of -0.1%. Total value traded through LSE was: £ 4,707,065,644 a change of -36.1%

22/05/2023 FTSE Closed at 7770 points. Change of 0.18%. Total value traded through LSE was: £ 7,366,100,317 a change of 37.01%

19/05/2023 FTSE Closed at 7756 points. Change of 0.18%. Total value traded through LSE was: £ 5,376,481,422 a change of -9.9%

18/05/2023 FTSE Closed at 7742 points. Change of 0.25%. Total value traded through LSE was: £ 5,967,034,656 a change of 12.56%

17/05/2023 FTSE Closed at 7723 points. Change of -0.36%. Total value traded through LSE was: £ 5,301,388,137 a change of 17.83%

16/05/2023 FTSE Closed at 7751 points. Change of -0.33%. Total value traded through LSE was: £ 4,499,249,343 a change of -9.01%

15/05/2023 FTSE Closed at 7777 points. Change of 0.3%. Total value traded through LSE was: £ 4,944,763,554 a change of 10.08%

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:BARC Barclays** **LSE:CCL Carnival** **LSE:FRES Fresnillo** **LSE:GKP Gulf Keystone** **LSE:MMAG Music Magpie** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:QED Quadrise** **

********

Updated charts published on : Barclays, Carnival, Fresnillo, Gulf Keystone, Music Magpie, National Glib, Natwest, Quadrise,

LSE:BARC Barclays. Close Mid-Price: 163.44 Percentage Change: + 2.10% Day High: 163.76 Day Low: 159.96

Further movement against Barclays ABOVE 163.76 should improve acceleratio ……..

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LSE:CCL Carnival. Close Mid-Price: 798.6 Percentage Change: + 1.37% Day High: 810.4 Day Low: 780.8

In the event of Carnival enjoying further trades beyond 810.4, the share ……..

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LSE:FRES Fresnillo Close Mid-Price: 656 Percentage Change: -0.52% Day High: 661.8 Day Low: 653.2

Continued weakness against FRES taking the price below 653.2 calculates a ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 131.8 Percentage Change: + 0.76% Day High: 132.6 Day Low: 121.8

In the event Gulf Keystone experiences weakness below 121.8 it calculates ……..

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LSE:MMAG Music Magpie Close Mid-Price: 20 Percentage Change: -2.44% Day High: 20.75 Day Low: 19.75

If Music Magpie experiences continued weakness below 19.75, it will invar ……..

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LSE:NG. National Glib. Close Mid-Price: 1111.5 Percentage Change: + 0.59% Day High: 1121.5 Day Low: 1090.5

Weakness on National Glib below 1090.5 will invariably lead to 1066 with ……..

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LSE:NWG Natwest. Close Mid-Price: 274 Percentage Change: + 0.88% Day High: 275.5 Day Low: 270.7

All Natwest needs are mid-price trades ABOVE 275.5 to improve acceleratio ……..

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LSE:QED Quadrise Close Mid-Price: 1.14 Percentage Change: -1.30% Day High: 1.18 Day Low: 1.15

In the event Quadrise experiences weakness below 1.15 it calculates with ……..

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

#Gold #SP500  A childhood fascination with Wilbur Smith books provided an early introduction to Namibia and the Skeleton Coast**. This big beach remains an unticked box, the ambition to visit finding fertile ground in my 11 year old imagination. A few years ago in Pretoria, the discovery it was quite a bit further for a visit on a whim during a spare weekend, was disappointing. Africa, it turns out, is a big place! Andrada Mining Plc, listed on the AIM, operate in Namibia, thus providing an immediate excuse to review their share price.

 

Visually, there’s clearly something potentially very interesting happening at present as there’s a glass ceiling making itself known at the 6p level. It’s worth considering the implications of this 6p level (okay, 6.05p) as the share price recently exceeded the major downtrend since 2022. This trend was defined by a high of 6.05p at the start of this year and now, should such a level be exceeded, it feels reasonable to anticipate some near term recovery in the share price.

 

The immediate situation calculates with the potential of movement above 6.05p apparently being capable of triggering share price recovery to an initial 7p. Our longer term secondary, if such a level is exceeded, works out at 8.2p, a price level where the visuals indicate an expectation of some hesitation, due to historical movements. To trigger party time for the miner, closure above 8.2p should prove critical for the Big Picture, dumping the price into a zone where a future 11p becomes a reasonable new all time high, along with a demand we review the share price again.

 

If everything intends go horribly wrong, the share needs close below Blue on the chart, currently around 4.5p, as this would imply the threat of future reversal to 2p and that’s it. We cannot calculate below such a point.

 

 

**The Skeleton Coast was originally named, due to the number of whale carcases washed ashore due to whaling activities. However, the name remains deserved as it’s littered with the skeletons of hundreds of ship wrecks. The author, Wilbur Smith, was enamoured with Namibia, the people, and the environment.

 

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:09:29PM	BRENT	75.85
10:11:25PM	GOLD	1972.07	1968.8	1966	1961	1979	1983	1993	2007	1968
10:13:01PM	FTSE	7778
10:15:05PM	STOX50	4392
10:16:56PM	GERMANY	16236
10:18:35PM	US500	4197	4178	4167	4153	4196	4209	4217	4230	4189
10:32:30PM	DOW	33319									‘cess
10:34:40PM	NASDAQ	13866.72
10:39:10PM	JAPAN	31194									Success

 

22/05/2023 FTSE Closed at 7770 points. Change of 0.18%. Total value traded through LSE was: £ 7,366,100,317 a change of 37.01%

19/05/2023 FTSE Closed at 7756 points. Change of 0.18%. Total value traded through LSE was: £ 5,376,481,422 a change of -9.9%

18/05/2023 FTSE Closed at 7742 points. Change of 0.25%. Total value traded through LSE was: £ 5,967,034,656 a change of 12.56%

17/05/2023 FTSE Closed at 7723 points. Change of -0.36%. Total value traded through LSE was: £ 5,301,388,137 a change of 17.83%

16/05/2023 FTSE Closed at 7751 points. Change of -0.33%. Total value traded through LSE was: £ 4,499,249,343 a change of -9.01%

15/05/2023 FTSE Closed at 7777 points. Change of 0.3%. Total value traded through LSE was: £ 4,944,763,554 a change of 10.08%

12/05/2023 FTSE Closed at 7754 points. Change of 0.31%. Total value traded through LSE was: £ 4,492,113,080 a change of -8.91%

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:FRES Fresnillo** **LSE:HSBA HSBC** **LSE:IDS International Distribution** **LSE:MMAG Music Magpie** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:ODX Omega Diags** **LSE:TERN Tern Plc** **

********

Updated charts published on : AFC Energy, HSBC, International Distribution, Music Magpie, Natwest, Ocado Plc, Omega Diags, Tern Plc,

LSE:AFC AFC Energy Close Mid-Price: 17.92 Percentage Change: -2.71% Day High: 19 Day Low: 17.8

Continued weakness against AFC taking the price below 17.8 calculates as ……..

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LSE:FRES Fresnillo Close Mid-Price: 659.4 Percentage Change: -0.81% Day High: 666.8 Day Low: 655.6

Weakness on Fresnillo below 655.6 will invariably lead to 649 with second ……..

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LSE:HSBA HSBC. Close Mid-Price: 617.2 Percentage Change: + 1.05% Day High: 620.4 Day Low: 613.6

Target met. Continued trades against HSBA with a mid-price ABOVE 620.4 sh ……..

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LSE:IDS International Distribution Close Mid-Price: 201.2 Percentage Change: -1.57% Day High: 208.4 Day Low: 199.3

If International Distribution experiences continued weakness below 199.3, ……..

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LSE:MMAG Music Magpie Close Mid-Price: 20.5 Percentage Change: -6.82% Day High: 22.25 Day Low: 20.5

In the event Music Magpie experiences weakness below 20.5 it calculates w ……..

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LSE:NWG Natwest. Close Mid-Price: 271.6 Percentage Change: + 1.19% Day High: 272.3 Day Low: 269

Further movement against Natwest ABOVE 272.3 should improve acceleration ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 403.4 Percentage Change: + 2.39% Day High: 408.9 Day Low: 391

In the event Ocado Plc experiences weakness below 391 it calculates with ……..

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LSE:ODX Omega Diags. Close Mid-Price: 2.5 Percentage Change: + 2.04% Day High: 2.5 Day Low: 2.4

If Omega Diags experiences continued weakness below 2.4, it will invariab ……..

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LSE:TERN Tern Plc Close Mid-Price: 4.1 Percentage Change: -3.53% Day High: 4.25 Day Low: 3.75

Weakness on Tern Plc below 3.75 will invariably lead to 2.6 next with sec ……..

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

#Brent #SP500  In keeping with what’s become tradition in the retail banking sector, Barclays Plc managed to spend the last three weeks doing very little, failing to trigger any viable upward motion, failing to trigger anything seriously downward. What’s proving a little befuddling is any attempt to compare the banks price history with the history of the sector index. At first glance, the pair seem pretty similar but unfortunately, everything fell apart at the start of this year.

 

When we review the wider banking sector, we’re supposed to believe optimism should be justified. According to the sector index, the value broken through the downtrend since 2007 at the start of this year and has pretty rigidly adhered to “our rulebook” in the period since and despite a few sessions of amateur dramatics, utterly failed to close a session below the point of trend-break (3,250 points). This behaviour leads us to conclude the sector is simply awaiting an excuse to elected itself toward the 4,000 level sometime soon.

 

Conventional wisdom suggests Barclays should be following a similar trajectory to the sector index but this year, conventional wisdom joined political integrity as both appear to be taking a holiday somewhere far, far, away.

 

A quick glance at Barclays below reveals a broad similarity between the two entities until the start of this year, when something pretty important appears to have changed, hence our confusion.

 

While the sector index cheerfully launched itself into 2023 with a break above the trend, Barclays followed suit yet ran out of enthusiasm by mid-February, when the market opted to manipulate (gap) the banks share price back below the historical Blue downtrend. Normally, we would expect such behaviour to promote the potential of impending reversal down to 115p eventually, something which has obviously failed to happen. The reversal logic has now changed, requiring the share price to close a session below 138p to trigger an ambition of reversal to an initial 128p with secondary, if broken, at 115p and hopefully a solid bounce.

 

Unfortunately – or perhaps fortunately, due to the behaviour of of the sector index, we’re pretty far from comfortable predicting reversals against Barclays. Instead, we’ve a sneaking suspicion some surprise recovery may be awaiting an opportunity, the share price needing above 165p to hopefully trigger a twitch in the direction of 176p. With the share price presently trading around 159p, it certainly doesn’t need much work to hopefully kick things into life.

Our secondary, should 176p be exceeded. becomes especially interesting, calculating with the potential of triggering a surge to 221p and some probable hesitation.

What’s mildly humorous, an article over the weekend suggested investors should make an effort to select those sectors/companies which international governments will protect at all costs. Obviously, the biggest banks & mortgage houses feature, the biggest aviation companies, essentially any of the ‘too big to fail’ companies which pride themselves as being able to count on a bailout, if market conditions change unfavourably.

The only problem we experience, with the conclusion of such an article, comes from the salient detail these behemoths are now all suffering from dire share price movements, doubtless due to government bailouts taking the shine off the way the company is perceived. Even in Germany, Lufthansa €who aggressively dug themselves out from under the government, has a share price which is struggling to move above its level, pre-pandemic and, it any sort of fair world, it should be heading to 13.24€ rather than floundering around just above the 9 Euro mark.

 

 

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
9:26:26PM	BRENT	75.64	75	74.47	73.5	75.98	76.65	77.71	78.34	75.64
10:28:54PM	GOLD	1978.15								1972
10:30:17PM	FTSE	7770.79								7768
10:32:26PM	STOX50	4397								4387
10:35:36PM	GERMANY	16270.13								16090
10:37:20PM	US500	4193.77	4179	4164	4147	4198	4219	4223	4248	4180
10:39:52PM	DOW	33423.5								33370
10:42:07PM	NASDAQ	13810.32								13810
10:43:53PM	JAPAN	30825								30848

 

19/05/2023 FTSE Closed at 7756 points. Change of 0.18%. Total value traded through LSE was: £ 5,376,481,422 a change of -9.9%

18/05/2023 FTSE Closed at 7742 points. Change of 0.25%. Total value traded through LSE was: £ 5,967,034,656 a change of 12.56%

17/05/2023 FTSE Closed at 7723 points. Change of -0.36%. Total value traded through LSE was: £ 5,301,388,137 a change of 17.83%

16/05/2023 FTSE Closed at 7751 points. Change of -0.33%. Total value traded through LSE was: £ 4,499,249,343 a change of -9.01%

15/05/2023 FTSE Closed at 7777 points. Change of 0.3%. Total value traded through LSE was: £ 4,944,763,554 a change of 10.08%

12/05/2023 FTSE Closed at 7754 points. Change of 0.31%. Total value traded through LSE was: £ 4,492,113,080 a change of -8.91%

11/05/2023 FTSE Closed at 7730 points. Change of -0.14%. Total value traded through LSE was: £ 4,931,618,860 a change of 7.65%

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:CCL Carnival** **LSE:FRES Fresnillo** **LSE:IDS International Distribution** **LSE:OCDO Ocado Plc** **LSE:PMG Parkmead** **LSE:RKH Rockhopper** **

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Updated charts published on : Carnival, Fresnillo, International Distribution, Ocado Plc, Parkmead, Rockhopper,

LSE:CCL Carnival Close Mid-Price: 770.6 Percentage Change: -2.06% Day High: 797.2 Day Low: 772.2

Further movement against Carnival ABOVE 797.2 should improve acceleration ……..

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View Previous Carnival & Big Picture ***

LSE:FRES Fresnillo. Close Mid-Price: 664.8 Percentage Change: + 0.79% Day High: 667.8 Day Low: 659

If Fresnillo experiences continued weakness below 659, it will invariably ……..

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View Previous Fresnillo & Big Picture ***

LSE:IDS International Distribution Close Mid-Price: 204.4 Percentage Change: -2.15% Day High: 208 Day Low: 201.2

Weakness on International Distribution below 201.2 will invariably lead t ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 394 Percentage Change: -0.93% Day High: 403.2 Day Low: 394

If Ocado Plc experiences continued weakness below 394, it will invariably ……..

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LSE:PMG Parkmead Close Mid-Price: 21 Percentage Change: -1.18% Day High: 21.25 Day Low: 20.75

Continued weakness against PMG taking the price below 20.75 calculates as ……..

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LSE:RKH Rockhopper Close Mid-Price: 14.5 Percentage Change: -2.03% Day High: 15 Day Low: 14

Continued trades against RKH with a mid-price ABOVE 15 should improve the ……..

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