Barclays Plc & some Wall St thoughts

#Brent_Futures #DAX

Barclays share price remains behaving, to use a technical term, “utterly uselessly”. To judge by movements since April, one could almost imagine they’ve announced a forthcoming move to new headquarters in Moscow with Boris Johnston organising the grand opening party. The Blue line on the chart dates back to 2013 and about the only thing we must concede is the share price is paying close attention to it.

In an update to our numbers, now below 140p threatens reversal to an initial target level of 127p. Oddly, we’ve separate criteria pointing at such a drop ambition, creating a situation where we’d anticipate a solid bounce if such a target level appears. Our longer term secondary calculates down at 98p but, aside from this sort of price level making an appearance in 2020, very little visually backs up any logic pointing at such a target level. And in any case, the inset on the chart appears to enforce our thoughts the market doesn’t want Barclays to drop. It just doesn’t want the share price to go up either!

 

Presently trading around 150p, our inclination is to allocate 169p as a trigger level, our thought process suggesting should this share price trade above 169p, “proper” recovery should prove difficult to restrain. In this scenario, sharp movement to an initial 189 looks very possible with secondary, if exceeded, calculating at 213p. Visually, there appears to be a threat of hesitation, should this 213p make an appearance as some sort of glass ceiling becomes extremely probable. The chart inset suggests, with Barclays, it’s all just a matter of patience. He’s hoping!

Wall St (DOWi:DJI)  When we previously reviewed Wall St in March, we’d proposed the threat of reversal to the 31,000 level. At the time it was trading around 33,900, so it was quite a big drop to consider. The US market hit 31,200 last week, making us question whether this shall be deemed “close enough”, creating a situation where we should anticipate a bounce?

It certainly appears to be the case. The bounce just above our Big Picture target level should have faded away by 32,200 points as, theoretically, there was only sufficient force to fuel a 1,000 point rebound. However, the market bounced higher, futures even joining in the fun by reaching 32,300 points. Maybe it is the case, by bouncing just before our drop target and bouncing higher than initial calculations permitted, we should now regard Wall St as enjoying some hidden strength.

This being the case, now above 32,300 calculates with the potential of ongoing recovery to an initial 32,600 with secondary, if exceeded, working out at 33,170 points. Of course, there’s a little problem with this secondary ambition as it fails to trouble the level at which the Red uptrend was broken (33,650 points), calling into question the integrity of any recovery. Currently we can calculate a third level target, should 33,170 be exceeded, at 33,900 points but, to be honest, we don’t expect it. Instead, the market “feels” like it risks experiencing a slow down for a while.

If trouble is planned in the days ahead, Wall St now needs below 31,400 to justify serious concern as we can point out new drop target levels at an initial 30,100 with secondary 28,000.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
5:31:12PM BRENT 110.45 107 106.81 105.45 109.03 110.84 111.17 114.66 109.5 ‘cess
5:34:10PM GOLD 1812.31 Success
5:36:57PM FTSE 7426.11 Success
5:40:03PM FRANCE 6367 Success
5:42:19PM GERMANY 14041.87 13785 13772 13671 13935 14071 14179 14481 13875 Success
5:44:15PM US500 4023.02 Success
5:46:28PM DOW 32206 ‘cess
5:49:18PM NASDAQ 12379 Success
6:23:03PM JAPAN 26626 Success
13/05/2022 FTSE Closed at 7418 points. Change of 2.56%. Total value traded through LSE was: £ 6,900,608,037 a change of -14.47%
12/05/2022 FTSE Closed at 7233 points. Change of -1.55%. Total value traded through LSE was: £ 8,068,175,968 a change of -13.29%
11/05/2022 FTSE Closed at 7347 points. Change of 1.44%. Total value traded through LSE was: £ 9,304,334,633 a change of 45.01%
10/05/2022 FTSE Closed at 7243 points. Change of 0.37%. Total value traded through LSE was: £ 6,416,543,760 a change of 2.54%
9/05/2022 FTSE Closed at 7216 points. Change of -2.31%. Total value traded through LSE was: £ 6,257,631,157 a change of -11.88%
6/05/2022 FTSE Closed at 7387 points. Change of -1.55%. Total value traded through LSE was: £ 7,100,975,536 a change of 2.72%
5/05/2022 FTSE Closed at 7503 points. Change of 0.13%. Total value traded through LSE was: £ 6,912,828,845 a change of 20.87%

 

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:BLVN Bowleven** **LSE:BT.A British Telecom** **LSE:ECO ECO (Atlantic) O & G** **LSE:IGAS Igas Energy** **LSE:IQE IQE** **LSE:LLOY Lloyds Grp.** **LSE:STAN Standard Chartered** **

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Updated charts published on : Aviva, Bowleven, British Telecom, ECO (Atlantic) O & G, Igas Energy, IQE, Lloyds Grp., Standard Chartered,

LSE:AV. Aviva. Close Mid-Price: 408.2 Percentage Change: + 2.54% Day High: 409.1 Day Low: 401.2

This is getting extremely confusing as below 394 now indicates coming reve ……..

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LSE:BLVN Bowleven. Close Mid-Price: 2.75 Percentage Change: + 0.00% Day High: 2.87 Day Low: 2.75

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LSE:BT.A British Telecom. Close Mid-Price: 180.6 Percentage Change: + 1.38% Day High: 180.55 Day Low: 172

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 26.75 Percentage Change: + 1.90% Day High: 27.25 Day Low: 26

Now below 25 suggests coming drips down to an initial 22 with secondary, i ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 36.4 Percentage Change: + 1.11% Day High: 38.6 Day Low: 36.3

Above 40 now has the potential of a lift to 44 with secondary, if exceeded ……..

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LSE:IQE IQE Close Mid-Price: 28.95 Percentage Change: -2.36% Day High: 29.9 Day Low: 28.25

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 43.88 Percentage Change: + 2.13% Day High: 44.1 Day Low: 43.35

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LSE:STAN Standard Chartered. Close Mid-Price: 581.4 Percentage Change: + 2.90% Day High: 585.2 Day Low: 571.2

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

Serious Bitcoin thoughts & our super FTSE for Friday

#FTSE #Gold

You don’t need dig far into the news to find plenty of doom and gloom stories for crypto currency.  Apparently, it’s “game over” and everyone involved has now lost trillions. The reality, we suspect, shall prove quite different. Firstly, no-one makes a loss until they sell (or are stopped out) and secondly, well “secondly” is curious.

The immediate Bitcoin chart is, at first glance, quite interesting. On Thursday 12th May, the crypto broke the uptrend since 2020, attaining a bottom around $25,300 when the days session effectively opened at 8am. We’d been showing a Big Picture drop target around 27,700 on the current cycle and this, quite precisely, appeared to mesh with the Red uptrend. While the spike down early in the day to a low of 25,300 indeed broke the trend, the damage was undone by 8.45am.

As the chart inset highlights, Bitcoin certainly interfered with the trend but appears extremely unlikely to close the day below our drop target level. As a result, we’re inclined to anticipate some near term recovery as above 29,900 now looks capable of an attempt at an initial 31,290 with secondary, if bettered, a slightly more inspiring 34,800. It’s certainly an ongoing concern as the market “proved” at 8am the 2020 Red uptrend can be broken but visually, it appears unlikely this initial damage is intended to last.

However, to jump on the misery bandwagon, we’d now warn below 25,300 calculates with the risk of reversal now to an initial 21,400 with secondary, if broken, at 13,800 and a return to levels not seen since just 18 months ago.

 

 FTSE for Friday Yet again, we’re stumbling into a Friday feeling uncertain as to just what the heck is going on. It’s supposed to be the case of weakness below 7158 points now generating reversal to an initial 7090 points with secondary, if broken, a hopeful bottom at 7004 points. Unfortunately, there’s quite a strong visual case demanding a bottom at the 7004 point level, thanks to the presence of the Red pandemic trend line. This almost jars with a nice letter received today from Scotland’s fragrant Nicola Sturgeon, effectively letting me know the pandemic shall be deemed “over” from the end of this month, thanks to plentiful supply of treatments for anyone experiencing Covid-19. But personally, not to worry as I remain at the top of the list for any future vaccination campaigns.

It begs the question, should we now disregard the pandemic trend and instead, worry about the Russia trend since March?

 

But the level of surprise recovery shown during Thursday produced a near term trigger level and with the market closing the session at 7233 points, very little work needs done to give some near term hope. Above just 7278 points is supposed to trigger ongoing recovery to an initial 7379 points, a tidy 100 point boost capable of making the chaos of this week feel like a painful memory. Above 7379 and we can calculate a secondary target at 7446 points.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:37:07PM BRENT 107.34 104 102.75 106.05 108 108.99 105.75
9:39:27PM GOLD 1822.82 1821 1819 1827 1843 1849 1831 ‘cess
9:41:50PM FTSE 7211.5 7171 7139 7241 7298 7330 7240 ‘cess
9:43:44PM FRANCE 6200.7 6093 6037 6162 6239 6279 6164
10:02:02PM GERMANY 13669 13470 13311 13580 13804 13875 13671
10:03:32PM US500 3914.65 3857 3830 3904 3966 3974 3914 ‘cess
10:06:53PM DOW 31627 31174 30731 31740 31974 32274 31740 Success
10:12:21PM NASDAQ 11884.97 11685 11572 11786 12088 12140 11955 ‘cess
10:15:11PM JAPAN 25698 25527 25458 25680 26022 26091 25900 Success

 

12/05/2022 FTSE Closed at 7233 points. Change of -1.55%. Total value traded through LSE was: £ 8,068,175,968 a change of -13.29%
11/05/2022 FTSE Closed at 7347 points. Change of 1.44%. Total value traded through LSE was: £ 9,304,334,633 a change of 45.01%
10/05/2022 FTSE Closed at 7243 points. Change of 0.37%. Total value traded through LSE was: £ 6,416,543,760 a change of 2.54%
9/05/2022 FTSE Closed at 7216 points. Change of -2.31%. Total value traded through LSE was: £ 6,257,631,157 a change of -11.88%
6/05/2022 FTSE Closed at 7387 points. Change of -1.55%. Total value traded through LSE was: £ 7,100,975,536 a change of 2.72%
5/05/2022 FTSE Closed at 7503 points. Change of 0.13%. Total value traded through LSE was: £ 6,912,828,845 a change of 20.87%
4/05/2022 FTSE Closed at 7493 points. Change of -100%. Total value traded through LSE was: £ 5,719,365,474 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:ASC Asos** **LSE:CASP Caspian** **LSE:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:CEY Centamin** **LSE:DDDD 4D Pharma** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:HL. Hargreaves Lansdown** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:JET Just Eat** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:POG Petrop etc** **LSE:SDY Speedyhire** **LSE:SPX Spirax** **

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Updated charts published on : AFC Energy, Applied Graphene, Aston Martin, Asos, Caspian, Cellular Goods, Carnival, Centamin, 4D Pharma, Experian, EasyJet, Foxtons, Hargreaves Lansdown, British Airways, IG Group, ITM Power, Intertek, Just Eat, Ocado Plc, Oxford Instruments, Petrop etc, Speedyhire, Spirax,

LSE:AFC AFC Energy Close Mid-Price: 26.42 Percentage Change: -7.30% Day High: 27.4 Day Low: 24.52

Target met. If AFC Energy experiences continued weakness below 24.52, it ……..

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LSE:AGM Applied Graphene Close Mid-Price: 17 Percentage Change: -2.86% Day High: 17 Day Low: 16.52

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LSE:AML Aston Martin Close Mid-Price: 689.2 Percentage Change: -2.02% Day High: 697.4 Day Low: 650.6

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LSE:ASC Asos. Close Mid-Price: 1378 Percentage Change: + 4.08% Day High: 1388 Day Low: 1248

Target met. If Asos experiences continued weakness below 1248, it will in ……..

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LSE:CASP Caspian Close Mid-Price: 2.55 Percentage Change: -5.56% Day High: 2.7 Day Low: 2.55

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LSE:CBX Cellular Goods Close Mid-Price: 2 Percentage Change: -13.04% Day High: 2.1 Day Low: 1.95

Target met. Weakness on Cellular Goods below 1.95 will invariably lead to ……..

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LSE:CCL Carnival Close Mid-Price: 1021.5 Percentage Change: -4.84% Day High: 1046 Day Low: 965

Target met. Continued weakness against CCL taking the price below 965 cal ……..

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LSE:CEY Centamin Close Mid-Price: 80.96 Percentage Change: -5.93% Day High: 86.26 Day Low: 80.74

In the event Centamin experiences weakness below 80.74 it calculates with ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 32.7 Percentage Change: -6.17% Day High: 33.75 Day Low: 31.3

Continued weakness against DDDD taking the price below 31.3 calculates as ……..

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LSE:EXPN Experian Close Mid-Price: 2645 Percentage Change: -0.60% Day High: 2655 Day Low: 2560

If Experian experiences continued weakness below 2560, it will invariably ……..

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LSE:EZJ EasyJet Close Mid-Price: 490.2 Percentage Change: -3.01% Day High: 500.8 Day Low: 468.1

If EasyJet experiences continued weakness below 468.1, it will invariably ……..

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LSE:FOXT Foxtons Close Mid-Price: 35 Percentage Change: -5.91% Day High: 36.85 Day Low: 35.8

Continued weakness against FOXT taking the price below 35.8 calculates as ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 861.8 Percentage Change: -3.60% Day High: 866.8 Day Low: 804.8

Continued weakness against HL. taking the price below 804.8 calculates as ……..

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LSE:IAG British Airways Close Mid-Price: 122.36 Percentage Change: -2.94% Day High: 124.8 Day Low: 119.26

Target met. Weakness on British Airways below 119.26 will invariably lea ……..

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LSE:IGG IG Group Close Mid-Price: 707 Percentage Change: -3.42% Day High: 724.5 Day Low: 698.5

Weakness on IG Group below 698.5 will invariably lead to 695 with seconda ……..

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LSE:ITM ITM Power Close Mid-Price: 268.9 Percentage Change: -4.34% Day High: 273.9 Day Low: 253.3

Target met. Continued weakness against ITM taking the price below 253.3 c ……..

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LSE:ITRK Intertek Close Mid-Price: 4861 Percentage Change: -0.96% Day High: 4875 Day Low: 4783

Target met. In the event Intertek experiences weakness below 4783 it calc ……..

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LSE:JET Just Eat. Close Mid-Price: 1568.4 Percentage Change: + 3.08% Day High: 1603.8 Day Low: 1415.8

In the event Just Eat experiences weakness below 1415.8 it calculates wit ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 774 Percentage Change: + 1.28% Day High: 779.2 Day Low: 691.6

Target met. Weakness on Ocado Plc below 691.6 will invariably lead to 604 ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2110 Percentage Change: -0.94% Day High: 2110 Day Low: 2015

In the event Oxford Instruments experiences weakness below 2015 it calcul ……..

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LSE:POG Petrop etc. Close Mid-Price: 2.5 Percentage Change: + 63.93% Day High: 3.49 Day Low: 1.7

Target met. Further movement against Petrop etc ABOVE 3.49 should improve ……..

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LSE:SDY Speedyhire Close Mid-Price: 45.95 Percentage Change: -3.36% Day High: 47.1 Day Low: 45.5

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LSE:SPX Spirax Close Mid-Price: 10830 Percentage Change: -0.91% Day High: 10900 Day Low: 10565

Weakness on Spirax below 10565 will invariably lead to 10,492. If broken, ……..

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

Europcar, is the crash over?

#DAX #SP500 When it comes to describing a “tough time” since the pre-pandemic high, Europcar share price chart takes some beating. Since 2017, the price has received a steady hammering, declining from the 13€ level to effectively zero, achieving a bottom at 0.25€. Everything below this ultimate 0.25€ was prefaced with an impossible minus sign.

Presently trading around 0.50€, we’re not inclined to any form of rabid celebration, the price taking a year to double from its bottom level!

However, in our trawl for anything potentially interesting in Europe, the share price now starts to look hopeful, one we suspect shall prove worth keeping an eye on. In addition, the company enjoying a recent expansion into the US, should find themselves able to become a truly worldwide organisation, this hopefully being reflected on their share price.

Currently, above just 0.53€ looks capable of triggering some price movement to an initial 0.77.  Should this level be exceeded, our secondary calculation comes along at a more useful looking 1.33€ and places the share in a position of considerable hope for the longer term. It’s certainly an item which has suffered pretty nasty reversals and perhaps, it shall prove to be the case, recovery from the pandemic is not sufficient alone in properly moving the price. Instead, their acquisition of US Fox Vehicle rentals may prove the catalyst to get the price moving.

Unless, of course, they’ve bought a turkey… Visually we don’t think this shall be the case.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:21:45PM BRENT 106.74 Success
10:23:32PM GOLD 1852.7
10:25:30PM FTSE 7257.34 ‘cess
10:27:16PM FRANCE 6153.5 Success
10:31:35PM GERMANY 13636 13503 13381 13215 13663 13879 13947 14171 13634
10:35:22PM US500 3942.75 3926 3901 3849 3968 4055 4099 4156 4002 ‘cess
10:39:16PM DOW 31882
10:41:38PM NASDAQ 11998 ‘cess
10:45:31PM JAPAN 25891 Shambles

 

11/05/2022 FTSE Closed at 7347 points. Change of 1.44%. Total value traded through LSE was: £ 9,304,334,633 a change of 45.01%
10/05/2022 FTSE Closed at 7243 points. Change of 0.37%. Total value traded through LSE was: £ 6,416,543,760 a change of 2.54%
9/05/2022 FTSE Closed at 7216 points. Change of -2.31%. Total value traded through LSE was: £ 6,257,631,157 a change of -11.88%
6/05/2022 FTSE Closed at 7387 points. Change of -1.55%. Total value traded through LSE was: £ 7,100,975,536 a change of 2.72%
5/05/2022 FTSE Closed at 7503 points. Change of 0.13%. Total value traded through LSE was: £ 6,912,828,845 a change of 20.87%
4/05/2022 FTSE Closed at 7493 points. Change of -0.9%. Total value traded through LSE was: £ 5,719,365,474 a change of -24.49%
3/05/2022 FTSE Closed at 7561 points. Change of -100%. Total value traded through LSE was: £ 7,574,559,700 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:AGM Applied Graphene** **LSE:DDDD 4D Pharma** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:RR. Rolls Royce** **LSE:SNN Sanne Plc** **LSE:SPX Spirax** **

********

Updated charts published on : Applied Graphene, 4D Pharma, Intertek, ITV, Just Eat, Ocado Plc, Oxford Instruments, Rolls Royce, Sanne Plc, Spirax,

LSE:AGM Applied Graphene Close Mid-Price: 17.5 Percentage Change: -2.78% Day High: 18 Day Low: 17

Target met. If Applied Graphene experiences continued weakness below 17, ……..

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LSE:DDDD 4D Pharma. Close Mid-Price: 34.85 Percentage Change: + 0.87% Day High: 35.55 Day Low: 33.55

Weakness on 4D Pharma below 33.55 will invariably lead to 29 with seconda ……..

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LSE:ITRK Intertek. Close Mid-Price: 4908 Percentage Change: + 0.80% Day High: 4937 Day Low: 4831

Continued weakness against ITRK taking the price below 4831 calculates as ……..

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LSE:ITV ITV. Close Mid-Price: 68.62 Percentage Change: + 2.33% Day High: 69.72 Day Low: 66.9

If ITV experiences continued weakness below 66.9, it will invariably lead ……..

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LSE:JET Just Eat Close Mid-Price: 1521.6 Percentage Change: -0.82% Day High: 1589 Day Low: 1449.4

If Just Eat experiences continued weakness below 1449.4, it will invariab ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 764.2 Percentage Change: -3.44% Day High: 793.2 Day Low: 758

Continued weakness against OCDO taking the price below 758 calculates as ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2130 Percentage Change: + 0.71% Day High: 2135 Day Low: 2080

Continued weakness against OXIG taking the price below 2080 calculates as ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 80.5 Percentage Change: + 2.88% Day High: 81.88 Day Low: 77.89

Weakness on Rolls Royce below 77.89 will invariably lead to 72 with secon ……..

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LSE:SNN Sanne Plc Close Mid-Price: 895 Percentage Change: -0.89% Day High: 905 Day Low: 893

Continued weakness against SNN taking the price below 893 calculates as l ……..

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LSE:SPX Spirax. Close Mid-Price: 10930 Percentage Change: + 0.78% Day High: 11105 Day Low: 10675

If Spirax experiences continued weakness below 10675, it will invariably ……..

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

A close up on Rentokil

#FTSE #Nasdaq

A colonoscopy is probably pretty high on the list of things blokes don’t talk about. While undergoing one on Friday, the subject of Rentokil drifted into my addled brain as I watched the live video showing what was happening inside. The idea of a film camera, a laser, and garden shears being guided up ones nether region was horrific but this is the reality we all face, once past the age of 50 and a health service determined to protect people. A bowel cancer test, routine every two years, revealed something questionable, but with 95% of results being ‘false positives’, real terror came from the concept of what the procedure entailed.

To be utterly truthful, the worst slight discomfort came from the needle administering local anaesthetic, rapidly forgotten while a fascinating hunt for what looked like wild mushrooms inside the colon took place. When one was found, it was chopped down, then cauterised with a laser. There was no pain, despite the brutal war being waged internally, and eventually the film crew exploring my colon engaged reverse gear, their enemy defeated. The exercise was a “false positive”, samples taken revealing something called polyps, essentially skin tags. It all felt very routine except for the genius idea which allowed the patient a live action view. The last time I’d seen anything like this, I’d been watching a Rentokil guy feeding a probe along a cavity wall.

Of course, thanks to an anaesthetic high, I started to question why Rentokil don’t offer such a scanning service to the NHS. The idea of one of their distinctive vans pulling up, the driver telling a patient to just bend over, and…. You get the idea. And the real message is, unlike the writer, don’t panic at the thought of such a procedure. Getting your teeth cleaned is substantially worse in terms of discomfort.

 

Once the drugs wore off, the idea of reviewing Rentokil share price remained as it’s been a while and doubtless, with a return to offices, the company should surely experience an upsurge in business.

 

Currently, Rentokil share price doesn’t entirely share my optimism for their future. It appears weakness below 508p risks triggering some near term reversal down to an initial 493p with secondary, if broken, down at 472p and a very probable bottom. Curiously, it feels like overall market conditions are presently inhibiting the share price as above 550p (Blue) is supposed to trigger imminent recovery to an initial 609 with secondary, if bettered, at 627p and some hesitation.

In terms of panic, we’d certainly have concerns should the price manage to close a session below 472p. This risks being quite problematic, signalling the potential of reversal to a trend breaking 445p, unfortunately finding itself in a zone where an eventual bottom at 261p calculates as possible. For now, we suspect 472p shall prove to be an eventual bounce point and thus, suspect this shall be a share worth watching.

Unlike the live video feed from my colonoscopy! (shudder)

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:13:00PM BRENT 101.37 ‘cess
10:14:48PM GOLD 1838.35 Success
10:17:41PM FTSE 7256.85 7192 7152 7098 7245 7315 7346 7412 7245 Shambles
10:19:11PM FRANCE 6144.2
10:21:14PM GERMANY 13572
10:23:08PM US500 3997.17 ‘cess
10:25:24PM DOW 32140.7 ‘cess
10:27:14PM NASDAQ 12332.79 12102 11970 11777 12300 12549 12584 12746 12387 Success
10:32:17PM JAPAN 26061

 

10/05/2022 FTSE Closed at 7243 points. Change of 0.37%. Total value traded through LSE was: £ 6,416,543,760 a change of 2.54%
9/05/2022 FTSE Closed at 7216 points. Change of -2.31%. Total value traded through LSE was: £ 6,257,631,157 a change of -11.88%
6/05/2022 FTSE Closed at 7387 points. Change of -1.55%. Total value traded through LSE was: £ 7,100,975,536 a change of 2.72%
5/05/2022 FTSE Closed at 7503 points. Change of 0.13%. Total value traded through LSE was: £ 6,912,828,845 a change of 20.87%
4/05/2022 FTSE Closed at 7493 points. Change of -0.9%. Total value traded through LSE was: £ 5,719,365,474 a change of -24.49%
3/05/2022 FTSE Closed at 7561 points. Change of 0.23%. Total value traded through LSE was: £ 7,574,559,700 a change of 8.37%
29/04/2022 FTSE Closed at 7544 points. Change of -100%. Total value traded through LSE was: £ 6,989,742,428 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:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:DDDD 4D Pharma** **LSE:EZJ EasyJet** **LSE:IAG British Airways** **LSE:ITM ITM Power** **LSE:JET Just Eat** **LSE:OXIG Oxford Instruments** **

********

Updated charts published on : Aston Martin, Cellular Goods, Carnival, 4D Pharma, EasyJet, British Airways, ITM Power, Just Eat, Oxford Instruments,

LSE:AML Aston Martin Close Mid-Price: 680 Percentage Change: -9.14% Day High: 777.2 Day Low: 680

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LSE:CBX Cellular Goods Close Mid-Price: 2.1 Percentage Change: -4.55% Day High: 2.15 Day Low: 2.1

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LSE:CCL Carnival Close Mid-Price: 1044.5 Percentage Change: -2.75% Day High: 1105 Day Low: 1032

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LSE:DDDD 4D Pharma Close Mid-Price: 34.55 Percentage Change: -4.69% Day High: 38 Day Low: 34

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LSE:EZJ EasyJet Close Mid-Price: 490.3 Percentage Change: -0.35% Day High: 503.6 Day Low: 485.6

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LSE:IAG British Airways Close Mid-Price: 123.02 Percentage Change: -3.47% Day High: 130.08 Day Low: 123.34

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LSE:ITM ITM Power Close Mid-Price: 268.9 Percentage Change: -2.92% Day High: 288.5 Day Low: 267.3

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LSE:JET Just Eat Close Mid-Price: 1534.2 Percentage Change: -3.56% Day High: 1671.8 Day Low: 1519.4

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LSE:OXIG Oxford Instruments Close Mid-Price: 2115 Percentage Change: -1.17% Day High: 2170 Day Low: 2085

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

Prudential Plc & the US Index’ too

#Gold #SP500

Prudential provided a bit of a shock, when a client asked us to review the share. We try and loop through most of the FTSE 100 but somehow, last reviewed Prudential back in November 2014! At the time, the price was around 1300p and we gave a target level around an eventual 2000p. It took years, reached target, and has been floundering a bit uncertainly since.

Circled on the chart is something peculiar which occurred last year, the share price quite deliberately gapped below the uptrend since 2020. This sort of thing tends broadcast all the wrong signals (unless, of course, by some miracle the market opts to gap a price back above the trend. In which case, take a Long position and wait!). The provider of life and health insurance, focussed on Africa and Asia, look set for continued share price tumbles currently.

Below 882p projects the potential of reversal to an initial 833p. Should such a level break, our secondary calculation comes in at 752p. We’d normally hope for a proper rebound, should 833p make an appearance but closure below such a level makes our secondary almost essential to provide an excuse for a bounce. The problem comes, if the price closes below our 752p secondary target as an ultimate bottom of 397p becomes dangerously viable.

Currently the share price needs exceed 1085 just to suggest the immediate rate of descent has eased, entering a zone where a path to 1377 works out as possible. For now, it doesn’t look like ‘Dear Prudence’ wants to come out to play.

The US markets (DOW, S&P500, Nasdaq) The league table of disaster on Monday was led by the Nasdaq, boasting a daily reversal at -4%. The S&P came second, down -3.2% and the Dow proved fairly half hearted, only dropping by -2%. As the Nasdaq has taken the lead in this calamity, we’re extremely interested if 12,130 points breaks anytime soon. Such a mess would remove logic which asked for a bounce, instead risking triggering ongoing reversals to an initial 10,946 with secondary, if broken, at 9243 points. This level of trouble looks almost ridiculous, negating growth over the last year and visually dumping the index back to the level it enjoyed, prior to the pandemic. The index requires exceed 13,500 to cancel the logic pointing to this drop scenario.

The S&P500 looks pretty painful, perhaps approaching a level where some sort of rebound can be hoped. Currently, below 3975 threatens ongoing reversal to 3909 points with secondary, if broken, at 3768 points. The market requires exceed 4270 just to get out of trouble and in this instance, we can calculate a 3rd level target at 3,525. This is just above the pre-pandemic high, creating a visually pleasing level hopefully capable of generating a trampoline moment.

The DOW JONES is a bit of a puzzle. For some time we’ve been expecting the 31,000 level to make a guest appearance and now, despite the rest of the market being on fire, the index resisted the temptation. Of course, with Earnings Season in full swing in the USA, there are liable to be plenty of mitigating circumstances avoiding an immediate rout. Glancing through headlines, the falls are being blamed on interest rate rise concerns, worries about market growth, Russia, oil prices, and whether the US Miami Grand Prix justified $13,000 ticket prices for the VIP area, where lack of a grandstand made watching the race extremely difficult and lack of booze deliveries made forgetting the event even harder. Reports suggest there were catering issues…

Now below 32,100 points for Wall St calculates with a hopeful bottom potential at 31,100 points. If broken, our secondary calculates down at an incredible 28,050 points but in this instance, we’re inclined to regard below 30,800 at a final trigger level down to the 28,000 level. This numbers have been muddied, thanks to the index being gapped down several times at the open of trade in recent days.

To start digging its way out of trouble, Wall St needs miracle recovery above 33,700 to negate the reversal potentials.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:18:59PM BRENT 104.51 Success
10:21:30PM GOLD 1854.24 1852 1846 1838 1860 1871 1875 1883 1861 ‘cess
10:29:46PM FTSE 7211 Success
10:32:21PM FRANCE 6081 Success
10:48:15PM GERMANY 13397 Success
10:50:23PM US500 3994 3974 3964 3900 4008 4075 4089 4127 4033 Success
10:54:11PM DOW 32266 ‘cess
11:00:06PM NASDAQ 12199 Success
11:02:51PM JAPAN 26016 ‘cess

 

9/05/2022 FTSE Closed at 7216 points. Change of -2.31%. Total value traded through LSE was: £ 6,257,631,157 a change of -11.88%
6/05/2022 FTSE Closed at 7387 points. Change of -1.55%. Total value traded through LSE was: £ 7,100,975,536 a change of 2.72%
5/05/2022 FTSE Closed at 7503 points. Change of 0.13%. Total value traded through LSE was: £ 6,912,828,845 a change of 20.87%
4/05/2022 FTSE Closed at 7493 points. Change of -0.9%. Total value traded through LSE was: £ 5,719,365,474 a change of -24.49%
3/05/2022 FTSE Closed at 7561 points. Change of 0.23%. Total value traded through LSE was: £ 7,574,559,700 a change of 8.37%
29/04/2022 FTSE Closed at 7544 points. Change of 0.47%. Total value traded through LSE was: £ 6,989,742,428 a change of 18.72%
28/04/2022 FTSE Closed at 7509 points. Change of -100%. Total value traded through LSE was: £ 5,887,371,702 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:BDEV Barrett Devs** **LSE:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:DDDD 4D Pharma** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:HL. Hargreaves Lansdown** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:OXIG Oxford Instruments** **LSE:RMG Royal Mail** **LSE:TRN The Trainline** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : AFC Energy, Applied Graphene, Aston Martin, Barrett Devs, Cellular Goods, Carnival, 4D Pharma, Experian, EasyJet, Foxtons, Hargreaves Lansdown, IG Group, IQE, ITM Power, Intertek, ITV, Just Eat, Oxford Instruments, Royal Mail, The Trainline, Taylor Wimpey,

LSE:AFC AFC Energy Close Mid-Price: 28.92 Percentage Change: -4.87% Day High: 30.24 Day Low: 28.1

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LSE:AGM Applied Graphene Close Mid-Price: 18 Percentage Change: -2.70% Day High: 18 Day Low: 17.5

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LSE:AML Aston Martin Close Mid-Price: 748.4 Percentage Change: -9.81% Day High: 827.2 Day Low: 745.4

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LSE:BDEV Barrett Devs Close Mid-Price: 459.1 Percentage Change: -2.34% Day High: 470.8 Day Low: 457.6

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LSE:CBX Cellular Goods Close Mid-Price: 2.2 Percentage Change: -4.35% Day High: 2.3 Day Low: 2.2

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LSE:CCL Carnival Close Mid-Price: 1074 Percentage Change: -9.67% Day High: 1181 Day Low: 1069

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LSE:DDDD 4D Pharma Close Mid-Price: 36.25 Percentage Change: -4.35% Day High: 38 Day Low: 34.55

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LSE:EXPN Experian Close Mid-Price: 2630 Percentage Change: -0.60% Day High: 2666 Day Low: 2593

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LSE:EZJ EasyJet Close Mid-Price: 492 Percentage Change: -3.61% Day High: 512.8 Day Low: 488.4

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LSE:FOXT Foxtons Close Mid-Price: 36.8 Percentage Change: -5.03% Day High: 38 Day Low: 36.1

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LSE:HL. Hargreaves Lansdown. Close Mid-Price: 854 Percentage Change: + 1.04% Day High: 865.8 Day Low: 833.8

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LSE:IGG IG Group Close Mid-Price: 727 Percentage Change: -0.34% Day High: 731 Day Low: 713.5

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LSE:IQE IQE Close Mid-Price: 28.25 Percentage Change: -6.15% Day High: 30.15 Day Low: 28.4

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LSE:ITM ITM Power Close Mid-Price: 277 Percentage Change: -8.25% Day High: 303.9 Day Low: 277.5

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LSE:ITRK Intertek Close Mid-Price: 4896 Percentage Change: -0.55% Day High: 4961 Day Low: 4835

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LSE:ITV ITV Close Mid-Price: 67.92 Percentage Change: -2.13% Day High: 69.46 Day Low: 67.4

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LSE:JET Just Eat Close Mid-Price: 1590.8 Percentage Change: -8.16% Day High: 1731.4 Day Low: 1575.6

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LSE:OXIG Oxford Instruments Close Mid-Price: 2140 Percentage Change: -4.46% Day High: 2260 Day Low: 2100

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LSE:RMG Royal Mail Close Mid-Price: 322.4 Percentage Change: -1.32% Day High: 325.2 Day Low: 316.1

Weakness on Royal Mail below 316.1 will invariably lead to 301 with secon ……..

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LSE:TRN The Trainline Close Mid-Price: 290.4 Percentage Change: -6.89% Day High: 324 Day Low: 289.4

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LSE:TW. Taylor Wimpey Close Mid-Price: 120.25 Percentage Change: -2.59% Day High: 123.75 Day Low: 120.2

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

Natwest, as boring as F1 from Miami!

#Brent #Dax

Natwest share price looks more interesting than the Miami Grand Prix. Unfortunately, this isn’t entirely a complement, the race proving pretty uninteresting despite Max Verstappen looking like he’s heading for his 1st real world championship, if he can only finish races. Three weeks ago, when we reviewed Natwest, we warned of the dangers should the share price break below 206p, something it failed to do. We also mentioned an early sign of hope, if the share price would only exceed 226p. With breathless excitement, one day it closed at 226.4p, then, like Miami Formula 1, nothing much happened since.

 

We’re now a little nervous as to what the future holds for Natwest. In reality, it made an upward trigger yet failed to respond. Everything is now being blamed on the popular holiday destination, Ukraine. Surely, this hotspot for politicians, politicians wives, musicians giving performances, is supposed to be the centre of a war zone? But the US presidents wife visited to photo opportunities at the weekend, while over-rated musicians U2 gave a concert. It all appears quite strange, a world away from how the media treated the Gulf War or even events in Afganistan. Perhaps TUI travel intend offering all-inclusive weekends in Ukraine sometime soon!

Perhaps this is what Natwest are doing wrong, failing to announce new branches in the war torn country. Then again, there was a period at the start of WW2 which became known as ‘the phoney war’ for the UK. The weather apparently co-operated, allowing the population to spend rather a lot of time at the beach until suddenly, everything changed.

 

The situation remains slightly unchanged with Natwest, below 206 now suggesting the potential of reversal to an initial 194p and a challenge against the uptrend since 2020. If broken, our secondary is at 182p and a very possible bounce, given this matches the Russia/Ukraine low of March. Importantly though, closure below 192p risks proving quite traumatic from a bigger picture perspective, showing the potential of a further nose dive to 154p.

However, by just 0.4p, Natwest did manage above our trigger level, creating a situation where above 227p should now being miracle recovery to an initial 243p with secondary, if bettered, now calculating at 256p.

We suspect Natwest intends reversals.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
9:46:42PM BRENT 112.49 109.36 109.04 107.7 111.05 113.62 115.2 117.34 110.3
9:47:55PM GOLD 1883.58 1873
9:50:30PM FTSE 7402.6 7423
10:09:14PM FRANCE 6251.4 6250
10:10:36PM GERMANY 13662.32 13585 13531 13459 13672 13903 13933 14049 13721
10:12:19PM US500 4125.32 4114
10:14:21PM DOW 32910.9 32940
10:15:48PM NASDAQ 12694 12815
10:28:01PM JAPAN 26791 26887

 

6/05/2022 FTSE Closed at 7387 points. Change of -1.55%. Total value traded through LSE was: £ 7,100,975,536 a change of 2.72%
5/05/2022 FTSE Closed at 7503 points. Change of 0.13%. Total value traded through LSE was: £ 6,912,828,845 a change of 20.87%
4/05/2022 FTSE Closed at 7493 points. Change of -0.9%. Total value traded through LSE was: £ 5,719,365,474 a change of -24.49%
3/05/2022 FTSE Closed at 7561 points. Change of 0.23%. Total value traded through LSE was: £ 7,574,559,700 a change of 8.37%
29/04/2022 FTSE Closed at 7544 points. Change of 0.47%. Total value traded through LSE was: £ 6,989,742,428 a change of 18.72%
28/04/2022 FTSE Closed at 7509 points. Change of 1.13%. Total value traded through LSE was: £ 5,887,371,702 a change of -15.1%
27/04/2022 FTSE Closed at 7425 points. Change of 0.53%. Total value traded through LSE was: £ 6,934,236,931 a change of -7.56%

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:ASC Asos** **LSE:AVCT Avacta** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:CAR Carclo** **LSE:CCL Carnival** **LSE:DDDD 4D Pharma** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:OCDO Ocado Plc** **LSE:RR. Rolls Royce** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : AFC Energy, Applied Graphene, Asos, Avacta, BALFOUR BEATTY, Barrett Devs, BP PLC, Carclo, Carnival, 4D Pharma, Experian, EasyJet, Foxtons, Hikma, Hargreaves Lansdown, British Airways, IG Group, Intertek, ITV, Just Eat, Marks and Spencer, Ocado Plc, Rolls Royce, Taylor Wimpey,

LSE:AFC AFC Energy Close Mid-Price: 30.4 Percentage Change: -4.70% Day High: 32 Day Low: 30

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LSE:AGM Applied Graphene Close Mid-Price: 18.5 Percentage Change: -2.63% Day High: 19.5 Day Low: 18

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LSE:ASC Asos. Close Mid-Price: 1353 Percentage Change: + 0.45% Day High: 1368 Day Low: 1284

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LSE:AVCT Avacta Close Mid-Price: 106.5 Percentage Change: -3.18% Day High: 109.5 Day Low: 103.5

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LSE:BBY BALFOUR BEATTY Close Mid-Price: 235 Percentage Change: -1.84% Day High: 239.6 Day Low: 232.8

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LSE:BDEV Barrett Devs Close Mid-Price: 470.1 Percentage Change: -3.69% Day High: 488.5 Day Low: 469.2

Target met. If Barrett Devs experiences continued weakness below 469.2, i ……..

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LSE:BP. BP PLC. Close Mid-Price: 426.65 Percentage Change: + 1.85% Day High: 430.75 Day Low: 419.2

Continued trades against BP. with a mid-price ABOVE 430.75 should improve ……..

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LSE:CAR Carclo Close Mid-Price: 20.65 Percentage Change: -1.43% Day High: 20.6 Day Low: 20.1

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LSE:CCL Carnival Close Mid-Price: 1189 Percentage Change: -1.82% Day High: 1212 Day Low: 1143.5

Target met. If Carnival experiences continued weakness below 1143.5, it w ……..

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LSE:DDDD 4D Pharma. Close Mid-Price: 37.9 Percentage Change: + 0.40% Day High: 38.95 Day Low: 35.6

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LSE:EXPN Experian Close Mid-Price: 2646 Percentage Change: -3.50% Day High: 2738 Day Low: 2641

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LSE:EZJ EasyJet Close Mid-Price: 510.4 Percentage Change: -1.43% Day High: 518.8 Day Low: 491

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LSE:FOXT Foxtons Close Mid-Price: 38.75 Percentage Change: -1.77% Day High: 40 Day Low: 37.45

If Foxtons experiences continued weakness below 37.45, it will invariably ……..

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LSE:HIK Hikma. Close Mid-Price: 1735 Percentage Change: + 2.94% Day High: 1739.5 Day Low: 1651.5

If Hikma experiences continued weakness below 1651.5, it will invariably ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 845.2 Percentage Change: -4.52% Day High: 881 Day Low: 841

Target met. In the event Hargreaves Lansdown experiences weakness below 8 ……..

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LSE:IAG British Airways Close Mid-Price: 131.44 Percentage Change: -8.29% Day High: 138 Day Low: 125.88

If British Airways experiences continued weakness below 125.88, it will ……..

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LSE:IGG IG Group Close Mid-Price: 729.5 Percentage Change: -2.41% Day High: 748.5 Day Low: 722.5

Target met. In the event IG Group experiences weakness below 722.5 it cal ……..

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LSE:ITRK Intertek Close Mid-Price: 4923 Percentage Change: -4.63% Day High: 5138 Day Low: 4906

Weakness on Intertek below 4906 will invariably lead to 4802 with seconda ……..

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LSE:ITV ITV Close Mid-Price: 69.4 Percentage Change: -2.45% Day High: 71.36 Day Low: 68.68

In the event ITV experiences weakness below 68.68 it calculates with a dr ……..

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LSE:JET Just Eat Close Mid-Price: 1732.2 Percentage Change: -4.29% Day High: 1857.6 Day Low: 1723.4

Target met. In the event Just Eat experiences weakness below 1723.4 it ca ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 134.05 Percentage Change: -1.32% Day High: 136.9 Day Low: 130.9

Target met. If Marks and Spencer experiences continued weakness below 130 ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 800.2 Percentage Change: -3.59% Day High: 821 Day Low: 763

Target met. In the event Ocado Plc experiences weakness below 763 it calc ……..

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LSE:RR. Rolls Royce Close Mid-Price: 80.31 Percentage Change: -1.75% Day High: 82 Day Low: 78.45

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LSE:TW. Taylor Wimpey Close Mid-Price: 123.45 Percentage Change: -2.45% Day High: 126.2 Day Low: 122.9

Weakness on Taylor Wimpey below 122.9 will invariably lead to 112 with se ……..

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

Our famous FTSE for FRIDAY

#FTSE #Gold

There was a time when we looked forward to producing our Friday outlook for the FTSE. There was always a reasonable chance the volatile UK leading indicator would do something useful but unfortunately, since the Russia drop, things are proving pretty fake, the market essentially pretending to move while effectively remaining enmeshed in place.

Visually, we need to zoom out and glance at market behaviour since the start of 2020 to appreciate how horrific the situation really is!

The big blue line on the chart below can be called a Glass Ceiling or, more accurately, a horizontal trend. It’s effectively broadcasting a harsh reality, the UK index has a solid border crossing at 7690 points and this creates a reasonable expectation growth cannot be regarded as real until such time the FTSE actually exceeds this trend. What proved a bit of a surprise was we’d expected the FTSE to follow a similar model to markets elsewhere in the world. From the US to Asia, once a market exceeded its personal Pre-Pandemic High, that market started to go up. By the time the FTSE managed to better 7550 points, the model was pretty firmly established and we’d expected London to dutifully follow the pack.

For a few sessions, it appeared this was indeed going to be the case, then along came the Russia issue with the FTSE behaving badly at every excuse thereafter. To be fair, neither the USA nor Europe appear to be covering themselves in glory while Ukraine remains an issue, perhaps the UK is even performing better than our neighbours.

Except, of course, for the issue at 7690 points.

From a fairly Big Picture perspective, above 7690 remains with the “almost certain” prospect of a FTSE lift to the 8100 point level. If the FTSE were regarded as a share, we’d probably describe the prospect as a “no brainer” category of trade, throwing in a gentle caveat of a reality reminder; The FTSE IS NOT a share!

FTSE for FRIDAY As for near term movements for Friday, we’re a little nervous about immediate market prospects, suspecting some imminent reversals risk proving possible. It’s worth remembering it’s a US Payrolls Friday, often an excuse to display some flamboyant movements and therefore, extreme caution is recommended with any positions open just prior to 1.30pm.

For the FTSE, we’re nervous at any excuse to drive the index below 7477 points as this now risks imminent reversal to an initial 7435 points with secondary, if broken, at 7400 and hopefully a bounce. Below 7400 risks spoiling the party (sorry Boris) as a further 70 point reversal to 7330 becomes possible. If triggered, the tightest stop loss appears to be hideously wide at 7557 points.

 

The alternate scenario comes, should the FTSE somehow manage to stagger above 7557 points. Initially, we’re looking for recovery to a useless 7572 points with secondary, if exceeded, calculating at 7621 points.

Have a good weekend. Hopefully the Miami Grand Prix proves worth watching.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:03:25PM BRENT 110.75 108.76 107.49 111 113.55 114.0825 109.55 Success
10:05:51PM GOLD 1877.45 1872 1865 1890 1909 1915 1887 Success
10:07:45PM FTSE 7499.65 7458 7417 7521 7522 7547 7488
10:09:39PM FRANCE 6358.9 6310 6297 6382 6382 6412 6347 ‘cess
10:11:56PM GERMANY 13886 13790 13740 13911 13936 13984 13857 ‘cess
10:14:15PM US500 4155 4104 4089 4141 4176 4191 4136 ‘cess
10:16:40PM DOW 33025.6 32668 32531 32927 33208 33297 32986
10:19:39PM NASDAQ 12897 12702 12613 12825 12993 13093 12860
10:25:25PM JAPAN 26741 26572 26445 26774 26861 26936 26757

 

5/05/2022 FTSE Closed at 7503 points. Change of 0.13%. Total value traded through LSE was: £ 6,912,828,845 a change of 20.87%
4/05/2022 FTSE Closed at 7493 points. Change of -0.9%. Total value traded through LSE was: £ 5,719,365,474 a change of -24.49%
3/05/2022 FTSE Closed at 7561 points. Change of 0.23%. Total value traded through LSE was: £ 7,574,559,700 a change of 8.37%
29/04/2022 FTSE Closed at 7544 points. Change of 0.47%. Total value traded through LSE was: £ 6,989,742,428 a change of 18.72%
28/04/2022 FTSE Closed at 7509 points. Change of 1.13%. Total value traded through LSE was: £ 5,887,371,702 a change of -15.1%
27/04/2022 FTSE Closed at 7425 points. Change of 0.53%. Total value traded through LSE was: £ 6,934,236,931 a change of -7.56%
26/04/2022 FTSE Closed at 7386 points. Change of -100%. Total value traded through LSE was: £ 7,501,270,625 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:BARC Barclays** **LSE:BP. BP PLC** **LSE:CAR Carclo** **LSE:CCL Carnival** **LSE:CPI Capita** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:IGG IG Group** **LSE:JET Just Eat** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:RR. Rolls Royce** **LSE:STAN Standard Chartered** **LSE:TRN The Trainline** **

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Updated charts published on : Barclays, BP PLC, Carclo, Carnival, Capita, Genel, Gulf Keystone, Hikma, Hargreaves Lansdown, IG Group, Just Eat, Ocado Plc, Oxford Instruments, Rolls Royce, Standard Chartered, The Trainline,

LSE:BARC Barclays Close Mid-Price: 149.82 Percentage Change: -0.49% Day High: 154.44 Day Low: 149.52

Further movement against Barclays ABOVE 154.44 should improve acceleratio ……..

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LSE:BP. BP PLC. Close Mid-Price: 418.9 Percentage Change: + 0.72% Day High: 427.35 Day Low: 416.65

Target met. Further movement against BP PLC ABOVE 427.35 should improve a ……..

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LSE:CAR Carclo Close Mid-Price: 20.95 Percentage Change: -9.11% Day High: 22.5 Day Low: 21

Weakness on Carclo below 21 will invariably lead to 18.7 with secondary ( ……..

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LSE:CCL Carnival Close Mid-Price: 1211 Percentage Change: -2.06% Day High: 1287.5 Day Low: 1210

Target met. Continued weakness against CCL taking the price below 1210 ca ……..

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LSE:CPI Capita Close Mid-Price: 24.12 Percentage Change: -9.93% Day High: 27.9 Day Low: 23.9

Continued trades against CPI with a mid-price ABOVE 27.9 should improve t ……..

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LSE:GENL Genel Close Mid-Price: 195.6 Percentage Change: -0.51% Day High: 200 Day Low: 195

Target met. Continued trades against GENL with a mid-price ABOVE 200 shou ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 269 Percentage Change: + 2.67% Day High: 275 Day Low: 262

Target met. Further movement against Gulf Keystone ABOVE 275 should impro ……..

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LSE:HIK Hikma Close Mid-Price: 1685.5 Percentage Change: -9.01% Day High: 1734.5 Day Low: 1657.5

Continued weakness against HIK taking the price below 1657.5 calculates a ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 885.2 Percentage Change: -2.36% Day High: 916.2 Day Low: 881.2

Target met. If Hargreaves Lansdown experiences continued weakness below 8 ……..

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LSE:IGG IG Group Close Mid-Price: 747.5 Percentage Change: -2.35% Day High: 775.5 Day Low: 741

Continued weakness against IGG taking the price below 741 calculates as l ……..

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LSE:JET Just Eat Close Mid-Price: 1809.8 Percentage Change: -10.65% Day High: 2122 Day Low: 1810

Target met. If Just Eat experiences continued weakness below 1810, it wil ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 830 Percentage Change: -6.93% Day High: 931 Day Low: 830.2

Target met. If Ocado Plc experiences continued weakness below 830.2, it w ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2285 Percentage Change: -0.87% Day High: 2360 Day Low: 2260

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LSE:RR. Rolls Royce Close Mid-Price: 81.74 Percentage Change: -1.78% Day High: 86.22 Day Low: 81.69

In the event Rolls Royce experiences weakness below 81.69 it calculates w ……..

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LSE:STAN Standard Chartered Close Mid-Price: 565 Percentage Change: -0.67% Day High: 584 Day Low: 567.8

Further movement against Standard Chartered ABOVE 584 should improve acce ……..

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LSE:TRN The Trainline. Close Mid-Price: 303.7 Percentage Change: + 9.28% Day High: 320 Day Low: 284.1

In the event of The Trainline enjoying further trades beyond 320, the sha ……..

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