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#FTSE #Gold

We suspect the FTSE is performing in a similar fashion to the UK prime minister, essentially avoiding doing anything useful during the holiday season. For the FTSE, there’s the extremely obvious Blue line currently at 7646 points and despite several arguments favouring movement toward it, the index assiduously avoids taking the initiative.

 

This nonsense is creating a situation, where we suspect the FTSE shall spend the rest of the month dodging around between the 7,420 level and 100 points higher at 7,520. If we’re correct, this certainly creates a profitable potential scenario for those brave soles with patience, effectively enabling anyone to take their best shot from half way with a 50 point stop. Obviously, the half way mark is at 7,470 points and by amazing coincidence, the FTSE closed Thursday 11th at 7,469.83 points, pretty much bang on half way.

The immediate situation presents a picture where weakness now below 7,460 is supposed to present reversal to an initial 7,444 with secondary, if broken, at 7,420 points and hopefully a rebound. This, certainly, would be in accordance with our scenario, also presenting a situation where a Long position could be opened at 7,420 with a reasonably tight stop, perhaps around 15 points below. The choice is yours though.

Should there be a successful bounce from the 7,420 level, we’d hope it’d make its way toward an initial 7,450 points with secondary, if bettered, around 7,480 points. Then, suspect it shall settle back to the half way mark before next time, attempting a surge upward.

 

Perhaps it’s the holiday season, permitting such whimsical nonsense but it’s quite strange how recent price movements are tending adhere quite firmly to our calculations, almost confirming our often repeated suspicion of the FTSE being “parked” for August unless any world events start to drive contrary behaviour. This would be a bit of a pity, ‘cos we’re starting to enjoy the wonderful weather and feeling increasingly smug we haven’t scheduled “leave” until October.

Have a good weekend and remember the Factor 50.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:04:32PM BRENT 98.75 96.26 96 98.04 99.75 99.995 98.6 Success
10:06:26PM GOLD 1790.26 1783 1779 1792 1799 1803 1791
10:08:45PM FTSE 7475 7454 7431 7496 7522 7533.5 7480
10:10:37PM STOX50 3754.3 3738 3726 3752 3777 3785 3757
10:12:44PM GERMANY 13680 13629 13587 13687 13800 13829 13720
10:38:04PM US500 4216.02 4200 4186 4222 4239 4250 4208 ‘cess
10:39:50PM DOW 33383 33285 33173 33409 33662 33701 33475 Success
10:41:43PM NASDAQ 13335 13215 13120 13355 13465 13563 13342 Success
10:43:24PM JAPAN 28140 28040 27966 28153 28248 28408 28078

 

11/08/2022 FTSE Closed at 7465 points. Change of -0.56%. Total value traded through LSE was: £ 5,137,633,275 a change of -1.15%
10/08/2022 FTSE Closed at 7507 points. Change of 0.25%. Total value traded through LSE was: £ 5,197,338,086 a change of -9.09%
9/08/2022 FTSE Closed at 7488 points. Change of 0.08%. Total value traded through LSE was: £ 5,716,882,880 a change of 22.59%
8/08/2022 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 4,663,235,289 a change of 8.84%
5/08/2022 FTSE Closed at 7439 points. Change of -0.12%. Total value traded through LSE was: £ 4,284,416,444 a change of -24.22%
4/08/2022 FTSE Closed at 7448 points. Change of 0.04%. Total value traded through LSE was: £ 5,653,918,717 a change of 0.91%
3/08/2022 FTSE Closed at 7445 points. Change of 0.49%. Total value traded through LSE was: £ 5,602,756,478 a change of -3.28%

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:AV. Aviva** **LSE:BP. BP PLC** **LSE:CASP Caspian** **LSE:CCL Carnival** **LSE:EXPN Experian** **LSE:GLEN Glencore Xstra** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:ITM ITM Power** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPX Spirax** **

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Updated charts published on : AFC Energy, Aviva, BP PLC, Caspian, Carnival, Experian, Glencore Xstra, Igas Energy, IG Group, ITM Power, Scottish Mortgage Investment Trust, Spirax,

LSE:AFC AFC Energy. Close Mid-Price: 31.14 Percentage Change: + 11.53% Day High: 31.98 Day Low: 27.98

Further movement against AFC Energy ABOVE 31.98 should improve accelerati ……..

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LSE:AV. Aviva Close Mid-Price: 463.3 Percentage Change: -0.34% Day High: 473.5 Day Low: 453.3

In the event of Aviva enjoying further trades beyond 473.5, the share sho ……..

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LSE:BP. BP PLC. Close Mid-Price: 427.55 Percentage Change: + 1.50% Day High: 428.45 Day Low: 417.55

Continued trades against BP. with a mid-price ABOVE 428.45 should improve ……..

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LSE:CASP Caspian Close Mid-Price: 3.05 Percentage Change: -4.69% Day High: 3.2 Day Low: 3.05

Weakness on Caspian below 3.05 will invariably lead to 2.2 with secondary ……..

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LSE:CCL Carnival. Close Mid-Price: 776.4 Percentage Change: + 1.07% Day High: 803.2 Day Low: 764.2

All Carnival needs are mid-price trades ABOVE 803.2 to improve accelerati ……..

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LSE:EXPN Experian Close Mid-Price: 2923 Percentage Change: -0.65% Day High: 2966 Day Low: 2899

Further movement against Experian ABOVE 2966 should improve acceleration ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 474.6 Percentage Change: + 0.99% Day High: 479.9 Day Low: 469.7

In the event of Glencore Xstra enjoying further trades beyond 479.9, the ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 65.4 Percentage Change: + 12.37% Day High: 67.8 Day Low: 56.6

Target met. Further movement against Igas Energy ABOVE 67.8 should improv ……..

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LSE:IGG IG Group Close Mid-Price: 834 Percentage Change: -0.30% Day High: 842 Day Low: 829

All IG Group needs are mid-price trades ABOVE 842 to improve acceleration ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 113 Percentage Change: + 8.65% Day High: 114.6 Day Low: 107

Target met. All International Personal Finance needs are mid-price trades ……..

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LSE:ITM ITM Power. Close Mid-Price: 248.4 Percentage Change: + 12.40% Day High: 250.3 Day Low: 220.9

Continued trades against ITM with a mid-price ABOVE 250.3 should improve ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 926.6 Percentage Change: + 1.91% Day High: 937.8 Day Low: 910.2

Further movement against Scottish Mortgage Investment Trust ABOVE 937.8 s ……..

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LSE:SPX Spirax Close Mid-Price: 11655 Percentage Change: -2.88% Day High: 12440 Day Low: 11280

Continued trades against SPX with a mid-price ABOVE 12440 should improve ……..

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

Rolls-Royce Holdings Plc and the tree…

#Gold #SP500 Of all the TV soaps, the only one which doesn’t force an exit from the room is Coronation St. This is due entirely to the comedy content but it was to take years until the penny dropped about the clever name of the cafe; ‘Roys Rolls’. Balanced against the character “Roy” driving one of the UK’s most awful & unreliable cars, a Morris 1000, the cafe name suddenly became quite funny.

While the current incarnation of Rolls Royce has absolutely nothing to do with the four wheeled monstrosities with the right to use the company name, it was interesting seeing the company name pop up last week in numerous reports from the USA. Modular nuclear power stations have been given the go-ahead in the US, Rolls Royce being directly named as a major contributor to the new technology. These plants, described as the size of a football pitch, are designed to be dropped into suitable sites, producing sufficient power for a city. Somewhat whimsically, RR now mention they’re working on portable nuclear plants, able to be trucked in for events, then removed.

As a result, it’s easy to imagine Glastonbury suddenly becoming more civilised, the festival powered by rather more than banks of generators, perhaps even moving walkways shuffling audiences between various sound stages, as electricity supply ceased being an issue. From our own perspective, a sharp reminded of how important electricity is was delivered by a bunch of lumberjerks. The team of 6 professionals arrived at 9am, having requested access to some trees threatening a neighbours home. The story is complex but the only direct access to this part of the forest is either through our garden or by helicopter. Or maybe by building a bridge over a gully, along with a new 2 mile track. All things considered, it was easier to let the crew of 6 trudge through our gate and into the forest. The guys were given the usual security warning, “don’t feed the dogs, ignore the cats, watch out for the punk black & red squirrel, and yell if you want to make coffee. Oh, and be careful of those two wires. One carries broadband, the other is electricity”. Yup, the last part didn’t work. The very first tree they cut spun gracefully in the air, secured by safety ropes, before catching the power line. Once the power line separated, the dance continued and the phone/broadband line was snagged a few seconds later.

How we all laughed…

The six professionals made appropriate telephone calls, trudged through our garden, and left by lunchtime with vague promises as to when they’d return to finish the job. Curiously, it was BT who first appeared and strung a new line. Many hours later, the electricity guys materialised, vanished, then returned and also strung new lines. The clear victors of the day were our animals, loving the company but the punk squirrel kept out of the way. This weird looking animal is perfectly capable of mistaking a human for a tree, running up your body and leaping from a shoulder with no warning.

But, in keeping with the Rolls Royce story, something important also happened. Around 3pm, our postman delivered a parcel which contained a new hydro-electric generator we’ve been waiting for, our previous hand made effort being a footnote in history when the garden waterfall destroyed it. This time around, we’re taking a Rolls Royce approach, using a series of small generators to charge a bank of batteries. It’s a bit like mooring a nuclear submarine outside parliament in London and if required, just tie another alongside on the Thames. This would finally give the UK’s Rolls Royce powered nuclear fleet something useful to do and also, remove them from our own very immediate area in Argyll. Rolls Royce could birth an entirely new industry, creating 3 pin plug points to replace the acoustic tiles on the hulls of the machines.

There was certainly a feeling of “karma” when the generators arrived as should our modular approach to power generation work, nature can do its worst and we’ll still have the lights on.

 

None of this explains why Rolls Royce share price is rubbish. The company, obviously used to an income stream produced when their jet engines are turning, were obviously hurt during the pandemic. But the daily contrails again decorating the sky above Scotland’s west coast, suggest airlines are again flying, once again paying rent to Rolls Royce for their fabulous jet power. In addition, this modular nuclear solution being accepted in the USA is surely brilliant news, the thinking doubtless to follow into the rest of the world with Rolls Royce at the heart of the matter. But their share price remains rubbish!

If we indulge our favourite party trick of drawing lines on charts, this miserable state of affairs could continue until the end of August, when Rolls Royce reach a point where some action is almost demanded by the market. But if we err on the side of common sense, visually there’s a chance things may not “kick off” until the end of 2022.

All of this presents a bit of a problem, thanks to the Big Picture now demanding the price bottom around 60p, maybe even 55p if the market is having a bad day. Maybe it’s the case until the market is forced to transcend a major trend line, it shall continue to behave badly. If this (somewhat silly) theory is correct, movements during the last month gently suggest the share price has until around August 20th to hit bottom or it will hit the first in a series of trend lines demanding action. This being the case, we shall not be aghast to witness RR enact a final act of self immolation just before August 20th.

However, if we chose to believe the company has a future, such a state of affairs almost doesn’t matter (as long as the price bounces), the share price only needing exceed 94p by the start of September to now allegedly trigger recovery to an initial 102p with secondary, if bettered, at 110p. This secondary is fairly important, due to the potential of it exceeding Blue on the chart around the end of this year and provoking some game changing behaviour toward 142p, a price level where we shall require to once again plug in our tea leaves.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:53:37PM BRENT 96.77 ‘cess
9:55:21PM GOLD 1792 1787 1778 1768 1796 1808 1812 1819 1791 ‘cess
9:59:31PM FTSE 7521 Success
10:02:19PM STOX50 3759
11:33:31PM GERMANY 13728
2:27:46AM US500 4221 4111 4081 4034 4138 4222 4224 4261 4192 Success
2:29:56AM DOW 33392 Success
2:31:33AM NASDAQ 13430 Success
2:34:17AM JAPAN 28163 Success

 

10/08/2022 FTSE Closed at 7507 points. Change of 0.25%. Total value traded through LSE was: £ 5,197,338,086 a change of -9.09%
9/08/2022 FTSE Closed at 7488 points. Change of 0.08%. Total value traded through LSE was: £ 5,716,882,880 a change of 22.59%
8/08/2022 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 4,663,235,289 a change of 8.84%
5/08/2022 FTSE Closed at 7439 points. Change of -0.12%. Total value traded through LSE was: £ 4,284,416,444 a change of -24.22%
4/08/2022 FTSE Closed at 7448 points. Change of 0.04%. Total value traded through LSE was: £ 5,653,918,717 a change of 0.91%
3/08/2022 FTSE Closed at 7445 points. Change of 0.49%. Total value traded through LSE was: £ 5,602,756,478 a change of -3.28%
2/08/2022 FTSE Closed at 7409 points. Change of -0.05%. Total value traded through LSE was: £ 5,792,539,911 a change of 52.35%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:ASC Asos** **LSE:AV. Aviva** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:RMG Royal Mail** **

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Updated charts published on : Asos, Aviva, Barclays, BALFOUR BEATTY, IG Group, Intercontinental Hotels Group, International Personal Finance, Royal Mail,

LSE:ASC Asos. Close Mid-Price: 1002 Percentage Change: + 1.93% Day High: 1015 Day Low: 955

Target met. Weakness on Asos below 955 will invariably lead to 946 with s ……..

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LSE:AV. Aviva. Close Mid-Price: 464.9 Percentage Change: + 12.21% Day High: 465.4 Day Low: 424.7

All Aviva needs are mid-price trades ABOVE 465.4 to improve acceleration ……..

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LSE:BARC Barclays. Close Mid-Price: 169.76 Percentage Change: + 2.35% Day High: 170.1 Day Low: 165.42

In the event of Barclays enjoying further trades beyond 170.1, the share ……..

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 286.8 Percentage Change: + 1.85% Day High: 288.4 Day Low: 280.8

All BALFOUR BEATTY needs are mid-price trades ABOVE 288.4 to improve acce ……..

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LSE:IGG IG Group. Close Mid-Price: 836.5 Percentage Change: + 1.58% Day High: 837.5 Day Low: 819

Continued trades against IGG with a mid-price ABOVE 837.5 should improve ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5072 Percentage Change: + 2.11% Day High: 5090 Day Low: 4934

Further movement against Intercontinental Hotels Group ABOVE 5090 should ……..

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LSE:IPF International Personal Finance Close Mid-Price: 104 Percentage Change: -2.80% Day High: 110.8 Day Low: 104.4

In the event of International Personal Finance enjoying further trades be ……..

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LSE:RMG Royal Mail. Close Mid-Price: 269.3 Percentage Change: + 1.09% Day High: 268.5 Day Low: 255.5

If Royal Mail experiences continued weakness below 255.5, it will invaria ……..

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

Can Bluejay Mining Plc head north?

#FTSE #STOXX50 An aspect of marketing is generally “the big lie”. Naming an ice covered, arctic island “Greenland” was an early example. And in Scotland, we have “The Summer Isles”, a hellhole of bad weather for most of the year. Whereas in England, there’s always “Cheddar Gorge”, a pleasant drive but always utterly bereft of cheese.

Greenland was named quite deliberately, in the hope of attracting gullible Norse settlers to an island 80% covered by ice sheets, a place which rivals “The Summer Isles” for vegetation cover. And similar to Cheddar Gorge, the streets are not paved with cheese.

Bluejay Mining are centred on Greenland, doubtless taking advantage of climate change due to more of the landscape becoming accessible for mining operations. They’re focussed on a mineral sand called ilmenite (or limenite), essentially the most important or of titanium, used in producing lightweight strong metal components. In addition, titanium oxide provides substantial longevity in paints, inks, plastics, and so on, even somehow including some foodstuffs. This latter fact fell into the category of “I don’t want to know”.

We’re writing about Bluejay Mining, thanks to a few emails asking our opinion of their share price future potentials.It’s not difficult to understand why folk are suddenly interested, thanks to their share price experiencing a 43% leap on 9th August. Hopefully it’s not just the result of spurious internet chatroom gossip, especially as the upward surge has landed the share in a pretty comfortable position, making further advances a quite viable proposition.

Movement now continuing north above 7.05p suggests the potential of a visit to a warm sounding 8.8p next. Should the market successfully close above this level, our longer term secondary calculates at 12p. Normally, we’d simply say “if 8.8p is exceeded, our secondary is 12p” but in this instance, with such a massive jump, we’re understandably nervous at the risk of creating enhanced expectations. But we shall admit a visit to 12p makes a lot of visual sense and closure above such a point ‘risks’ becoming game changing for the long term.

The share price requires to fall below 4.3p to suggest ditching snow boots and investing in running shoes.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:19:21PM BRENT 95.91 ‘cess
9:40:32PM GOLD 1794 ‘cess
9:49:08PM FTSE 7493.97 7468 7456 7440 7488 7504 7516 7522 7484
9:51:33PM STOX50 3720 3704 3684 3652 3733 3743 3759 3792 3704 ‘cess
9:53:16PM GERMANY 13541 ‘cess
9:55:37PM US500 4127
9:57:34PM DOW 32810
10:00:03PM NASDAQ 13031 Success
10:03:12PM JAPAN 27871 Success

 

 

9/08/2022 FTSE Closed at 7488 points. Change of 0.08%. Total value traded through LSE was: £ 5,716,882,880 a change of 22.59%
8/08/2022 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 4,663,235,289 a change of 8.84%
5/08/2022 FTSE Closed at 7439 points. Change of -0.12%. Total value traded through LSE was: £ 4,284,416,444 a change of -24.22%
4/08/2022 FTSE Closed at 7448 points. Change of 0.04%. Total value traded through LSE was: £ 5,653,918,717 a change of 0.91%
3/08/2022 FTSE Closed at 7445 points. Change of 0.49%. Total value traded through LSE was: £ 5,602,756,478 a change of -3.28%
2/08/2022 FTSE Closed at 7409 points. Change of -0.05%. Total value traded through LSE was: £ 5,792,539,911 a change of 52.35%
1/08/2022 FTSE Closed at 7413 points. Change of -0.13%. Total value traded through LSE was: £ 3,802,113,332 a change of -37.81%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:ASC Asos** **LSE:BP. BP PLC** **LSE:IGAS Igas Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:PPC President Energy** **

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Updated charts published on : Asos, BP PLC, Igas Energy, Intercontinental Hotels Group, President Energy,

LSE:ASC Asos Close Mid-Price: 983 Percentage Change: -5.84% Day High: 1052 Day Low: 970

Continued weakness against ASC taking the price below 970 calculates as l ……..

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LSE:BP. BP PLC. Close Mid-Price: 422.55 Percentage Change: + 1.50% Day High: 425.65 Day Low: 415.9

In the event of BP PLC enjoying further trades beyond 425.65, the share s ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 56 Percentage Change: + 0.36% Day High: 59 Day Low: 56

Target met. All Igas Energy needs are mid-price trades ABOVE 59 to improv ……..

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LSE:IHG Intercontinental Hotels Group Close Mid-Price: 4967 Percentage Change: -0.98% Day High: 5056 Day Low: 4900

Continued trades against IHG with a mid-price ABOVE 5056 should improve t ……..

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LSE:PPC President Energy Close Mid-Price: 1.2 Percentage Change: -4.00% Day High: 1.25 Day Low: 1.2

Target met. If President Energy experiences continued weakness below 1.2, ……..

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

Alliance Trust Plc, a surprise from Dundee!

#Gold #Nasdaq As one of the UK’s largest and oldest investment trusts, it was something of a surprise to discover they’re domiciled In Dundee, a city famous for cartoon characters like ‘Desperate Dan’, George Galloway, the DC Thomson empire, and little else. Similar to every country in the world, Scotland has a social split between the West Coast and East Coast. Dundee is an East Coast town, deserving of little attention and long been cursed as somewhere you must pass through on the way to somewhere more interesting. But a glance at the history of Alliance Trust reveals an aggressively outgoing company, its very DNA always focussed on investment across the Atlantic and now, globally.

Okay, we’re west coast based and expected to be biased about the wrong side of Scotland.

 

It appears Alliance Trust enjoy a share price which is shuffling toward the starting position for some positive movement.  Presently trading around 995p, we regard 1,008p as a potential trigger level which should prove capable of providing a lift to an initial 1,070p. Visually, this matches the previous all time high of last year but, should the price close a session above 1,070, we’d hope a further cycle shall commence to our secondary target of 1,164p. The company has certainly experienced a firm climb in value, since the lows of the financial crash in 2009 and now, in the long term, suggests an eventual 1,215p shall provide some sort of future ceiling and probable hesitation.

As always, we’d be careful with that number as, should the market start to “gap” the share price up at the open, it will become entirely possible the market itself has different ideas beyond 1,215p.

 

The converse scenario demands weakness below 875p to trigger potential reversal to an initial 800p with secondary, if broken, at 656p and hopefully a bounce. Visually, there’s nothing suggesting this scenario shall become an issue.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:11:20PM BRENT 96.19
10:15:14PM GOLD 1789.05 1681 1648 1507 1740 1790 1797 1808 1755
10:18:05PM FTSE 7494.57 Success
10:19:39PM STOX50 3764 ‘cess
10:22:26PM GERMANY 13700 ‘cess
10:26:00PM US500 4153 ‘cess
10:35:42PM DOW 32930 Success
10:39:14PM NASDAQ 13211 13170 13115 13021 13220 13320 13445 13500 13153 Success
10:41:53PM JAPAN 28174 ‘cess
8/08/2022 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 4,663,235,289 a change of 8.84%
5/08/2022 FTSE Closed at 7439 points. Change of -0.12%. Total value traded through LSE was: £ 4,284,416,444 a change of -24.22%
4/08/2022 FTSE Closed at 7448 points. Change of 0.04%. Total value traded through LSE was: £ 5,653,918,717 a change of 0.91%
3/08/2022 FTSE Closed at 7445 points. Change of 0.49%. Total value traded through LSE was: £ 5,602,756,478 a change of -3.28%
2/08/2022 FTSE Closed at 7409 points. Change of -0.05%. Total value traded through LSE was: £ 5,792,539,911 a change of 52.35%
1/08/2022 FTSE Closed at 7413 points. Change of -0.13%. Total value traded through LSE was: £ 3,802,113,332 a change of -37.81%
29/07/2022 FTSE Closed at 7423 points. Change of 1.06%. Total value traded through LSE was: £ 6,113,428,375 a change of 2.61%

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:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:PHP Primary Health** **LSE:RR. Rolls Royce** **

********

Updated charts published on : Barclays, British Airways, Igas Energy, IG Group, National Glib, Natwest, Primary Health, Rolls Royce,

LSE:BARC Barclays. Close Mid-Price: 166 Percentage Change: + 1.22% Day High: 166.92 Day Low: 164.74

This is starting to make, I think, a bigger picture movement. Above 167 no ……..

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LSE:IAG British Airways. Close Mid-Price: 120.64 Percentage Change: + 0.75% Day High: 121.52 Day Low: 118.92

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LSE:IGAS Igas Energy. Close Mid-Price: 55.8 Percentage Change: + 9.20% Day High: 55.8 Day Low: 52

Continued trades against IGAS with a mid-price ABOVE 56 should improve the ……..

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LSE:IGG IG Group. Close Mid-Price: 822 Percentage Change: + 0.55% Day High: 831 Day Low: 818.5

In the event of IG Group enjoying further trades beyond 831, the share sho ……..

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LSE:NG. National Glib. Close Mid-Price: 1135 Percentage Change: + 1.16% Day High: 1142.5 Day Low: 1122

It feels increasingly likely moves now above 1156 shall bring recovery to ……..

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LSE:NWG Natwest. Close Mid-Price: 254.1 Percentage Change: + 0.36% Day High: 256.3 Day Low: 252.3

Target Met or near enough. Interesting to report, movement next above 258 ……..

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LSE:PHP Primary Health. Close Mid-Price: 145.4 Percentage Change: + 1.68% Day High: 146.2 Day Low: 143.1

This is confusing. It now needs movement above 152 to signal the potential ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 86.7 Percentage Change: + 4.46% Day High: 87.05 Day Low: 82.96

Trades now above 90 should prove interesting, making a visit to an initial ……..

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

Barclays Plc, mildly optimistic

#Brent #Dax August has now swung into full frustration mode, many share prices simply going through the motion during a period when no-one is particularly interested. In Europe, this must be an especially strange month on the markets, due to the very real nature of close-downs for the entire holiday month. But the UK, resolutely, pretends to ignore reality and instead, just moan about the weather.

One thing worthy of comment, due to ongoing ridiculous fuel costs, has been the recent approval by US Regulators of the first Small Modular Nuclear Reactors. This approval is especially germane for Rolls Royce who’ve announced they’re looking at producing a Mobile Small Nuclear Reactor. While thinking this was exactly what a nuclear submarine was – and remains – we’ve been keeping abreast with Rolls Royce work in this field.

Our little tractor would doubtless benefit from a “Back To The Future” type of nuclear device, ideally capable of treating grass cuttings as reaction mass, as it’s now easy to grudge every trip to the local petrol station to fill various fuel cans for various machines. The tractor likes one fuel, the chainsaw and pressure cleaner another, the strimmer yet another special mix, and somehow, they each appear to consume 5 litres per month. Previously this thirst had been ignored but now, the cost has been “noticed”.

All kidding aside, we’re mildly fascinated with Rolls Royce share price movements, entirely due to their nuclear initiative, and shall doubtless cover them in a headline analysis during the coming week.

 

As for Barclays, hopefully they’re also capable of finally doing something useful during August. Near term, above 166p should make an attempt at an initial 169p with secondary, if exceeded, a rather more interesting 177p. Visually, it isn’t difficult to understand why the secondary is of interest, taking the share price above it’s previous two highs and finding itself in a region where a longer term visit to 212p now makes quite a lot of sense.

For everything to now go wrong, the price requires slip below Red on the chart, presently around 150p, to risk triggering reversals to an initial 133p with secondary, if broken, at 119p eventually.

However, we suspect we’ve just seen early signs of an attempt to drive Barclays up to 212p, doubtless not during August.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:57:14PM BRENT 94.09 92.45 91.07 88.16 94.7 96.12 97.25 98.86 93.7 ‘cess
9:59:19PM GOLD 1775.47
10:01:47PM FTSE 7456
10:03:53PM STOX50 3739 ‘cess
10:05:37PM GERMANY 13618 13557 13517 13424 13620 13695 13743 13805 13623
10:17:32PM US500 4144.6 Success
10:19:57PM DOW 32794 Success
10:23:09PM NASDAQ 13208
10:24:58PM JAPAN 28117

 

5/08/2022 FTSE Closed at 7439 points. Change of -0.12%. Total value traded through LSE was: £ 4,284,416,444 a change of -24.22%
4/08/2022 FTSE Closed at 7448 points. Change of 0.04%. Total value traded through LSE was: £ 5,653,918,717 a change of 0.91%
3/08/2022 FTSE Closed at 7445 points. Change of 0.49%. Total value traded through LSE was: £ 5,602,756,478 a change of -3.28%
2/08/2022 FTSE Closed at 7409 points. Change of -0.05%. Total value traded through LSE was: £ 5,792,539,911 a change of 52.35%
1/08/2022 FTSE Closed at 7413 points. Change of -0.13%. Total value traded through LSE was: £ 3,802,113,332 a change of -37.81%
29/07/2022 FTSE Closed at 7423 points. Change of 1.06%. Total value traded through LSE was: £ 6,113,428,375 a change of 2.61%
28/07/2022 FTSE Closed at 7345 points. Change of -0.04%. Total value traded through LSE was: £ 5,958,117,609 a change of -17.71%

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:GLEN Glencore Xstra** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:SMT Scottish Mortgage Investment Trust** **

********

Updated charts published on : Glencore Xstra, Igas Energy, IG Group, Scottish Mortgage Investment Trust,

LSE:GLEN Glencore Xstra. Close Mid-Price: 466.8 Percentage Change: + 1.53% Day High: 473.8 Day Low: 457.75

Target Met or near enough. All Glencore Xstra needs are mid-price trades A ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 51.1 Percentage Change: + 3.76% Day High: 53.6 Day Low: 49.3

Continued trades against IGAS with a mid-price ABOVE 54 should improve the ……..

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LSE:IGG IG Group Close Mid-Price: 817.5 Percentage Change: -0.06% Day High: 826.5 Day Low: 815.5

In the event of IG Group enjoying further trades beyond 827, the share sho ……..

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LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 907 Percentage Change: -0.59% Day High: 926.8 Day Low: 899.6

Now above 927 makes a climb to an initial 978 a pretty confident concept. ……..

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

FTSE for Friday & Wall St, a match made in hell

#FTSE #DJI There’s something distinctly strange going on, as evinced by the Bank of England on Thursday. By announcing a long recession, along with the deepest plunge in living standards ever, the organisation gave a subtle hint things may not be rosy for the next 18 months or so. Perhaps politicians shall decide to throw street parties to combat this misery?

The “strange” element of all this gloom is the markets don’t currently seem to be embracing the concept of a recession, perhaps quite the opposite. It may be the case the current boost in corporate profits, due to price gouging, will face payback. With the service sector announcing their worst month, since the pandemic lockdown started, maybe we’re seeing the opening salvo of what’s to come. It’s also quite curious, with Crude Oil prices now flirting with a reversal cycle (ie; Brent Crude to $77 looks possible), we can entertain a faint hope of a reduction in fuel costs. Unfortunately, for this to become a reality, it will require oil refineries to revisit a pricing structure based on greed. Fuel prices will not experience “proper” reversal until such time the cost of cooking a barrel of oil returns to sane levels. The current increase, from pre-pandemic $9 to between $39 and $50 dollars to refine a barrel, may prove difficult to sustain in the face of reduced demand, due to the forecast recession.

From an immediate perspective, Wall St (The Dow Jones Industrial Average, it’s tedious name) is trading around 32,726 at time of writing. This index needs exceed just 32,914 points to suggest coming movement to an initial 33,137 points, a fairly tame increase which simply matches the highs of June. Should such a level be exceeded, our secondary is at 33,758 points, along with a challenge against the Blue downtrend for 2022. It’s interesting, closure above such a level is liable to be game changing, allowing a future cycle toward 36,875 points!

Should everything plan to go pear shaped on Wall St, the index needs below 30,500 points (Red on the chart) to risk a reversal cycle which permits a future 25,600 as a hopeful bottom. Amusingly, should such a level break, an ultimate bottom calculates around 16,000 points, undoing all the gains experienced since Mr Trump became president…

As for the FTSE for Friday, the UK market is proving slightly less optimistic than the US. As usual, there’s a plethora of probable causes, the Conservative Ugly Baby contest, Brexit, Bank of England, August holiday time, or even the weather but, the FTSE has not been holding any lasting upward momentum recently. This week has been as concise in direction as a bluebottle, all calculations suggesting the market should be heading up, the market refusing to co-operate. The immediate situation is pitiful, working out with movement above 7,492 presenting a useless challenge of attaining 7,513 points next. Even our secondary, should such a level be exceeded, is pretty dismal and works out at 7,531 points. About the only hope possible is our theoretical 3rd target level of 7,587 but in a week where only initial targets were being attained, we’re not inclined to any great hope for this ambition.

In addition, there’s now a tiny little problem at 7,410 points.

Should this level break, a reversal cycle to 7,340 looks possible as our initial target. If broken, our secondary calculates at 7,317 points. In this instance, a surprisingly tight stop loss level looks possible around 7,450 points.

Have a good weekend and relax, it’s only another 21 days until the next Grand Prix weekend

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:16:34PM BRENT 93.47 93 92.61 94.22 97.84 99.66 96 Success
9:18:28PM GOLD 1792.53 1766 1755 1774 1795 1805 1775 Success
9:20:23PM FTSE 7435 7416 7399 7444 7466 7482 7442 Shambles
9:22:44PM STOX50 3753 3731 3717 3762 3762 3761 3740 Success
9:24:52PM GERMANY 13655 13613 13544 13691 13796 13851 13601 Success
9:36:07PM US500 4150.97 4133 4119 4159 4171 4179 4144
9:37:38PM DOW 32745 32640 32579 32756 32906 32951 32763
9:39:01PM NASDAQ 13306 13163 13099 13254 13334 13394 13248
9:56:47PM JAPAN 27877 27820 27711 27929 27965 27987 27895 ‘cess

 

4/08/2022 FTSE Closed at 7448 points. Change of 0.04%. Total value traded through LSE was: £ 5,653,918,717 a change of 0.91%
3/08/2022 FTSE Closed at 7445 points. Change of 0.49%. Total value traded through LSE was: £ 5,602,756,478 a change of -3.28%
2/08/2022 FTSE Closed at 7409 points. Change of -0.05%. Total value traded through LSE was: £ 5,792,539,911 a change of 52.35%
1/08/2022 FTSE Closed at 7413 points. Change of -0.13%. Total value traded through LSE was: £ 3,802,113,332 a change of -37.81%
29/07/2022 FTSE Closed at 7423 points. Change of 1.06%. Total value traded through LSE was: £ 6,113,428,375 a change of 2.61%
28/07/2022 FTSE Closed at 7345 points. Change of -0.04%. Total value traded through LSE was: £ 5,958,117,609 a change of -17.71%
27/07/2022 FTSE Closed at 7348 points. Change of 0.57%. Total value traded through LSE was: £ 7,240,157,901 a change of 9.37%

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:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:DARK Darktrace Plc** **LSE:EXPN Experian** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:OCDO Ocado Plc** **LSE:ODX Omega Diags** **LSE:SRP Serco** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : BP PLC, British Telecom, Darktrace Plc, Experian, British Airways, Igas Energy, Ocado Plc, Omega Diags, Serco, Vodafone, Zoo Digital,

LSE:BP. BP PLC Close Mid-Price: 408 Percentage Change: -0.66% Day High: 420.85 Day Low: 406.8

All BP PLC needs are mid-price trades ABOVE 420.85 to improve acceleratio ……..

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LSE:BT.A British Telecom Close Mid-Price: 156.2 Percentage Change: -3.28% Day High: 157.3 Day Low: 154

If British Telecom experiences continued weakness below 154, it will inva ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 400 Percentage Change: + 0.03% Day High: 402.4 Day Low: 397

In the event of Darktrace Plc enjoying further trades beyond 402.4, the s ……..

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LSE:EXPN Experian. Close Mid-Price: 2927 Percentage Change: + 1.07% Day High: 2946 Day Low: 2884

In the event of Experian enjoying further trades beyond 2946, the share s ……..

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LSE:IAG British Airways. Close Mid-Price: 119.5 Percentage Change: + 0.42% Day High: 121.06 Day Low: 118.36

All British Airways needs are mid-price trades ABOVE 121.06 to improve a ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 49.25 Percentage Change: + 4.34% Day High: 49.9 Day Low: 48.1

Target met. Continued trades against IGAS with a mid-price ABOVE 49.9 sho ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 940 Percentage Change: + 3.05% Day High: 989.6 Day Low: 914

Target met. Further movement against Ocado Plc ABOVE 989.6 should improve ……..

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LSE:ODX Omega Diags Close Mid-Price: 3.17 Percentage Change: -5.93% Day High: 3.35 Day Low: 3.05

Weakness on Omega Diags below 3.05 will invariably lead to 2.5 with secon ……..

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LSE:SRP Serco Close Mid-Price: 183.2 Percentage Change: -0.97% Day High: 199 Day Low: 183.1

Target met. In the event of Serco enjoying further trades beyond 199, the ……..

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LSE:VOD Vodafone Close Mid-Price: 118.64 Percentage Change: -0.19% Day High: 119.12 Day Low: 117.42

Continued weakness against VOD taking the price below 117.42 calculates a ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 142.5 Percentage Change: + 1.79% Day High: 148.5 Day Low: 142.5

Target met. All Zoo Digital needs are mid-price trades ABOVE 148.5 to imp ……..

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

Synthomer Plc, the sticky polymer people

#Brent #SP500 We never expected to be confirming how successful a polymer companies products are but, in the case of Synthomer, we can testify their bitumen adhesive is superb, remaining pliable, waterproof, and is a complete sod to remove from human skin and the hair. Panic reading of the ingredients of the black gloop came with the realisation this very successful British company were involved in the contents. Most of which I was now ‘wearing’.

 

It all started with a good idea, gluing a roll of bitumen sheet to a steel roof, attempting to finally cure the level of condensation inside the shed. One half of the shed was easily treated, the gooey black adhesive painted on and solidly grabbing the roll of roofing bitumen. The rear of the shed was a different story, a spectacular drop available into a stream 12 feet below if the ladders shoogled the wrong way. The suggestion the roofing sheet be treated similar to wall-paper, the adhesive applied to the roll, not to the metal roof, was quickly adopted and within minutes, I was at the top of the ladders, starting to unfold the roofing sheet.

A gust of wind caught the 5 metre sheet, causing it to wrap around the idiot (me) at the top of the ladders, quickly bonding me to the side of the shed, along with the ladders. Utter panic ensued along with a painful realisation this was not a job I should be doing on my own. At least there was very little chance I’d topple backward into the stream below, thanks to the bonding capability of Synthomer’s fabulous product. But unfortunately, wrapped in black sticky glue, the only response was to tear myself out of the wrapping as I didn’t fancy a career as a human burrito.

Once my wife stopped laughing, when I appeared outside the kitchen window, she drove to the local hardware store to buy plenty of paint remover. The latex gloves I’d been wearing were a distant memory, the short sleeved shirt provided zero protection against the black ooze, and thankfully the shorts I’d been wearing were due to be replaced. Several hours later, the worst of the gunge had been removed, a long soak in a hot bath assisted the attempts to get the product out from under my fingernails, and we were confident my hair would grow back as it was decided it was safer to cut the worst off, rather than attempt trying to replace shampoo with paint brush cleaner.

As for Synthomers fundamentals, do your own research! However, from a personal perspective, their product works well but unfortunately, the markets look a bit nervous in the way their share price is moving.

 

Since 2014, there’s been a visual promise the share price has a logical “floor” around 190p and once again, the market is tap dancing at this level. Doubtless, a bunch of folk will be anticipating a bounce anytime soon but unfortunately, we’re starting to develop some doubts. The ongoing problem with “glass ceilings” or “floors” is fairly brutal. They usually break around the 3rd or 4th time they are assaulted. Currently, the price is, for the 3rd time, engaging with this hypothetical floor but unfortunately, the share price has also dripped below the Red uptrend on the chart, a line which dates back to 2009. Basically, all the pieces are in place for a loss of confidence for any immediate bounce.

Thankfully, the curious series of movements since the pandemic hit tend suggest ongoing weakness below 192p should hopefully “only” provoke relaxation to 169p and hopefully a proper recoil. Our secondary target level calculates at 159p, virtually the same number. We literally cannot calculate a bottom number below 159p. This results in a scenario, by our own in-house rules, of a strong expectation for a bounce, ideally just above the 169p level.

In the event everything intends suddenly go right, the price presently needs better Blue on the chart, currently around 260p, to enter a cycle which gives a vague promise of a distant 468p.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:49:06PM BRENT 96.87 96.27 95.6 93.2 97.82 98.99 99.65 100.77 97.84 Success
9:51:14PM GOLD 1765
9:55:25PM FTSE 7456 Success
9:58:22PM STOX50 3740 Success
10:42:25PM GERMANY 13624 Success
10:44:47PM US500 4151.52 4123 4110 4091 4139 4159 4174 4187 4141 Success
10:47:04PM DOW 32806 Success
11:18:01PM NASDAQ 13221 Success
11:19:59PM JAPAN 27995 Success
3/08/2022 FTSE Closed at 7445 points. Change of 0.49%. Total value traded through LSE was: £ 5,602,756,478 a change of -3.28%
2/08/2022 FTSE Closed at 7409 points. Change of -0.05%. Total value traded through LSE was: £ 5,792,539,911 a change of 52.35%
1/08/2022 FTSE Closed at 7413 points. Change of -0.13%. Total value traded through LSE was: £ 3,802,113,332 a change of -37.81%
29/07/2022 FTSE Closed at 7423 points. Change of 1.06%. Total value traded through LSE was: £ 6,113,428,375 a change of 2.61%
28/07/2022 FTSE Closed at 7345 points. Change of -0.04%. Total value traded through LSE was: £ 5,958,117,609 a change of -17.71%
27/07/2022 FTSE Closed at 7348 points. Change of 0.57%. Total value traded through LSE was: £ 7,240,157,901 a change of 9.37%
26/07/2022 FTSE Closed at 7306 points. Change of 0%. Total value traded through LSE was: £ 6,619,636,706 a change of 9.19%

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:BP. BP PLC** **LSE:CBX Cellular Goods** **LSE:DARK Darktrace Plc** **LSE:EXPN Experian** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:OCDO Ocado Plc** **LSE:ODX Omega Diags** **LSE:PMG Parkmead** **LSE:TRN The Trainline** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : BP PLC, Cellular Goods, Darktrace Plc, Experian, IG Group, International Personal Finance, Ocado Plc, Omega Diags, Parkmead, The Trainline, Zoo Digital,

LSE:BP. BP PLC. Close Mid-Price: 410.7 Percentage Change: + 1.82% Day High: 416 Day Low: 402.4

Further movement against BP PLC ABOVE 416 should improve acceleration tow ……..

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LSE:CBX Cellular Goods Close Mid-Price: 2.1 Percentage Change: -25.00% Day High: 3.05 Day Low: 2.05

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LSE:DARK Darktrace Plc. Close Mid-Price: 399.9 Percentage Change: + 4.74% Day High: 399.8 Day Low: 377.3

Target met. Further movement against Darktrace Plc ABOVE 399.8 should imp ……..

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LSE:EXPN Experian. Close Mid-Price: 2896 Percentage Change: + 1.44% Day High: 2893 Day Low: 2840

Continued trades against EXPN with a mid-price ABOVE 2893 should improve ……..

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LSE:IGG IG Group. Close Mid-Price: 814 Percentage Change: + 2.58% Day High: 820 Day Low: 787.5

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LSE:IPF International Personal Finance Close Mid-Price: 105 Percentage Change: -0.94% Day High: 109 Day Low: 99.1

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LSE:OCDO Ocado Plc. Close Mid-Price: 912.2 Percentage Change: + 4.90% Day High: 919.4 Day Low: 857

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LSE:ODX Omega Diags. Close Mid-Price: 3.38 Percentage Change: + 5.47% Day High: 3.8 Day Low: 3.35

Further movement against Omega Diags ABOVE 3.8 should improve acceleratio ……..

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LSE:PMG Parkmead. Close Mid-Price: 79 Percentage Change: + 7.63% Day High: 79.6 Day Low: 73

Target met. All Parkmead needs are mid-price trades ABOVE 79.6 to improve ……..

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LSE:TRN The Trainline Close Mid-Price: 401.4 Percentage Change: -1.62% Day High: 416.3 Day Low: 397.8

Target met. In the event of The Trainline enjoying further trades beyond ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 140 Percentage Change: + 4.48% Day High: 140 Day Low: 134

Continued trades against ZOO with a mid-price ABOVE 140 should improve th ……..

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