Melrose Industries Plc LSE:MRO around 551 at time of writing. Optimism!

#Gold #FTSE  Launched on the AIM market in 2003 with a market capitalisation of £10 million, aerospace company Melrose Industries can be presented as the dream share from the AIM. Adjusting for multiple share price splits over the years, it one enjoyed a low equivalent to 14p in todays money, not bad for a share price which achieved an adjusted high toward 8 quid back in 2020. It’s the sort of story which keeps AIM devotees awake at night while they review their devotion to the likes of Gulf Keystone.

A glance at the company Wikipedia page is certainly recommended, if wanting to be impressed. The company website, not so much, as there are a few dodgy comments. For instance, a commitment to spending a massive 80% of their R&D budget on Climate Related matters per year, to contribute to the decarbonisation of aerospace, raises an eyebrow. It’s a bit like a car manufacturer doing similar, eventually coming to the conclusion it will be better just not to make cars. We’d prefer an aerospace company devoted resources to keeping aircraft in the air!

Perhaps, it’s just one of these dream Green ambitions which a corporate committee thought looked good on the website.

 

Visually, above 590p would make an excellent stop loss level, if chasing a reversal position on this share price. Basically, price movements above such a level utter foul up all our calculations.

Currently, below 540p works out with the potential of reversals down to an initial 507 with our secondary, if broken, an eventual longer term 418p. As the chart below shows, this secondary ambition makes some visual sense, thus presenting a scenario where a rebound can be hoped should it ever appear However, we have some doubts, if only due to the number of share prices attempting their pre-pandemic highs. While Airbus, a leading client, have reported some hesitant numbers this year, there also appears to be a campaign highlighting orders from Airbus from a few national airlines, almost inevitable due to the Farnborough Air Show and corporate schmoozing party taking place this week.

If we choose to take 590p as being a potential trigger level for upward recovery, above this level apparently should trigger movement to an initial 728 with our secondary, if bettered, at 757p. These numbers are interesting, meeting the share price downtrend since 2017 and carrying the suggestion closure above 728p should dump the share in a long term region, where an attraction of 858 makes itself known.

 

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:20:37PM BRENT 8178.9
10:17:04PM GOLD 2398.34 2384 2374 2356 2402 2412 2420 2432 2399 ‘cess
10:21:51PM FTSE 8210.4 8163 8132 8095 8197 8228 8258 8277 8195 Success
10:43:16PM STOX50 4914.9 ‘cess
10:46:19PM GERMANY 18476.8
10:49:15PM US500 5562.6
1:23:30AM DOW 40410
1:27:05AM NASDAQ 19778 Shambles
1:31:45AM JAPAN 39902

 

22/07/2024 FTSE Closed at 8198 points. Change of 0.53%. Total value traded through LSE was: £ 4,556,598,316 a change of 4.43%
19/07/2024 FTSE Closed at 8155 points. Change of -0.6%. Total value traded through LSE was: £ 4,363,233,367 a change of 1.99%
18/07/2024 FTSE Closed at 8204 points. Change of 0.21%. Total value traded through LSE was: £ 4,278,080,573 a change of -5.62%
17/07/2024 FTSE Closed at 8187 points. Change of 0.28%. Total value traded through LSE was: £ 4,532,847,996 a change of 7.45%
16/07/2024 FTSE Closed at 8164 points. Change of -0.22%. Total value traded through LSE was: £ 4,218,485,938 a change of -1.45%
15/07/2024 FTSE Closed at 8182 points. Change of -0.85%. Total value traded through LSE was: £ 4,280,715,319 a change of 2.74%
12/07/2024 FTSE Closed at 8252 points. Change of 0.35%. Total value traded through LSE was: £ 4,166,551,953 a change of -13.98%

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:CAR Carclo** **LSE:IDS International Distribution** **LSE:IGG IG Group** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:TSCO Tesco** **

********

Updated charts published on : Carclo, International Distribution, IG Group, ITV, Just Eat, Marks and Spencer, Natwest, Ocado Plc, Sainsbury, Scancell, Tesco,


LSE:CAR Carclo. Close Mid-Price: 24 Percentage Change: + 13.21% Day High: 25 Day Low: 22

Target met. In the event of Carclo enjoying further trades beyond 25, the ……..

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LSE:IDS International Distribution Close Mid-Price: 341.8 Percentage Change: -0.41% Day High: 343 Day Low: 341

In the event of International Distribution enjoying further trades beyond ……..

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LSE:IGG IG Group. Close Mid-Price: 861.5 Percentage Change: + 1.23% Day High: 863 Day Low: 827.5

Continued trades against IGG with a mid-price ABOVE 863 should improve th ……..

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LSE:ITV ITV. Close Mid-Price: 84.1 Percentage Change: + 0.12% Day High: 89 Day Low: 84.35

Target met. Further movement against ITV ABOVE 89 should improve accelera ……..

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LSE:JET Just Eat. Close Mid-Price: 932 Percentage Change: + 1.86% Day High: 943 Day Low: 908

Continued weakness against JET taking the price below 908 calculates as l ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 320 Percentage Change: + 0.06% Day High: 323.9 Day Low: 318.4

Continued trades against MKS with a mid-price ABOVE 323.9 should improve ……..

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LSE:NWG Natwest. Close Mid-Price: 338.6 Percentage Change: + 0.92% Day High: 338.8 Day Low: 335.3

Further movement against Natwest ABOVE 338.8 should improve acceleration ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 424.1 Percentage Change: + 12.17% Day High: 422 Day Low: 396.4

Further movement against Ocado Plc ABOVE 422 should improve acceleration ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 273.4 Percentage Change: + 0.22% Day High: 276 Day Low: 272.6

Continued trades against SBRY with a mid-price ABOVE 276 should improve t ……..

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LSE:SCLP Scancell. Close Mid-Price: 14 Percentage Change: + 7.69% Day High: 14.25 Day Low: 13

Further movement against Scancell ABOVE 14.25 should improve acceleration ……..

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LSE:TSCO Tesco. Close Mid-Price: 326.2 Percentage Change: + 0.06% Day High: 327.8 Day Low: 325

Further movement against Tesco ABOVE 327.8 should improve acceleration to ……..

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

Barclays Bank LSE:BARC around 228 at time of writing

#BrentFutures #Germany  Weekends are becoming fun. We had the UK racing team McLaren deliver a masterclass in how to win a race, yet still lose in Hungary. And Mr Trump delivered a heartfelt salutation to retiring President Biden, describing him as the worst US President ever. The US situation certainly begs the question why Biden feels he can last 4 more months as President yet will be unable to function for 4 more years. McLaren were equally perplexing, ordering their race winning driver to let his team mate pass, entirely for mysterious political reason. It provided a confusing end to a race which once again denied viewers the chance to go for a nap during the normally boring middle section.

 

It certainly was one heck of an ending to the week for the markets. We’ve our usual data feed which has proven very reliable over the years. However, we’re not entirely gullible, also sourcing data from a source in the USA and just in case this goes wrong, a limited backup is available from France. By around 8.30am, we’d come to the conclusion everything was a waste of time, nothing working reliably as while connections were possible, what was being received was garbage. Amusingly, my wife phoned in utter frustration at 9am, asking if something was wrong with the internet? Her offices had 30 computers, 27 of which had decided they couldn’t talk to the outside world and the IT department had recommended rebooting each system. Which of course failed to do anything other than allow the IT guys to escape from each phone call. When I told her the issue was worldwide, she checked with their offices in Cape Town and the Philippines, in the process discovering the entire company was engaged in uselessly rebooting PC’s constantly. Eventually, their IT folk discovered a workaround which let their main server accept connections, just one hour before my wife left for the day. From our perspective, it took until Sunday afternoon until our usual data feeds proved completely accessible.

 

Things seem to be improving for Barclays since our update 3 weeks ago. The current situation suggests movement above 235p shall endeavour to reach 254p next with our secondary, if beaten, now at a longer term 291p. Should things intend go wrong for this share price, below 200 looks like it has the potential of triggering reversal to 184p with secondary, if broken, at 167p.

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
11:01:41PM BRENT 8199.9 8167 7929 7645 8323 8535 8616 8755 8300
11:08:59PM GOLD 2403.51 2440
11:11:28PM FTSE 8170.2 8154
1:56:27AM STOX50 4828.8 4865
1:59:30AM GERMANY 18219 18176 18140 17926 18276 18386 18467 18574 18290
2:01:49AM US500 5525.7 5523
2:04:49AM DOW 40359 40597
2:06:51AM NASDAQ 19627.3 19679
2:09:13AM JAPAN 39695 39700

 

19/07/2024 FTSE Closed at 8155 points. Change of -0.6%. Total value traded through LSE was: £ 4,363,233,367 a change of 1.99%
18/07/2024 FTSE Closed at 8204 points. Change of 0.21%. Total value traded through LSE was: £ 4,278,080,573 a change of -5.62%
17/07/2024 FTSE Closed at 8187 points. Change of 0.28%. Total value traded through LSE was: £ 4,532,847,996 a change of 7.45%
16/07/2024 FTSE Closed at 8164 points. Change of -0.22%. Total value traded through LSE was: £ 4,218,485,938 a change of -1.45%
15/07/2024 FTSE Closed at 8182 points. Change of -0.85%. Total value traded through LSE was: £ 4,280,715,319 a change of 2.74%
12/07/2024 FTSE Closed at 8252 points. Change of 0.35%. Total value traded through LSE was: £ 4,166,551,953 a change of -13.98%
11/07/2024 FTSE Closed at 8223 points. Change of 0.37%. Total value traded through LSE was: £ 4,843,565,860 a change of 2.51%

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:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **LSE:CASP Caspian** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:TSCO Tesco** **

********

Updated charts published on : BALFOUR BEATTY, Block Energy PLC, Caspian, Just Eat, Marks and Spencer, Sainsbury, Scancell, Tesco,


LSE:BBY BALFOUR BEATTY Close Mid-Price: 412.4 Percentage Change: -0.29% Day High: 423.6 Day Low: 411.8

Target met. All BALFOUR BEATTY needs are mid-price trades ABOVE 423.6 to ……..

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LSE:BLOE Block Energy PLC Close Mid-Price: 0.9 Percentage Change: -2.70% Day High: 0.92 Day Low: 0.88

Continued weakness against BLOE taking the price below 0.88 calculates as ……..

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LSE:CASP Caspian. Close Mid-Price: 5 Percentage Change: + 5.26% Day High: 5.05 Day Low: 4.75

Continued trades against CASP with a mid-price ABOVE 5.05 should improve ……..

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LSE:JET Just Eat Close Mid-Price: 915 Percentage Change: -4.59% Day High: 940 Day Low: 920

Weakness on Just Eat below 920 will invariably lead to 905p with secondar ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 319.8 Percentage Change: + 3.00% Day High: 322.3 Day Low: 308.5

Target met. Further movement against Marks and Spencer ABOVE 322.3 should ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 272.8 Percentage Change: + 0.66% Day High: 274 Day Low: 269.4

All Sainsbury needs are mid-price trades ABOVE 274 to improve acceleratio ……..

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LSE:SCLP Scancell. Close Mid-Price: 13 Percentage Change: + 8.33% Day High: 13.4 Day Low: 12.15

Target met. Continued trades against SCLP with a mid-price ABOVE 13.4 sho ……..

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LSE:TSCO Tesco. Close Mid-Price: 326 Percentage Change: + 0.34% Day High: 325.7 Day Low: 322.5

Continued trades against TSCO with a mid-price ABOVE 325.7 should improve ……..

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

Our Famed FTSE for FRIDAY (FTSE:UKX)

#FTSE #WallSt  As the world dangerously sneaks up on the awful August break from Formula1 with only the usually chaotic Belgian GP to follow Hungary this weekend, then a hiatus for four boring weeks. Usually, we dread August for another reason as it’s generally clear the markets are really on holiday with interns manning the controls. Unfortunately, this has felt to be the case since the start of June this year but there’s been a couple of notable differences.

For instance, on Thursday, we advised clients the FTSE expected gains but the USA looked quite dodgy. This is quite unusual as the FTSE will generally exploit whatever has given the US a doze of collywobbles, ensuring a terrible session. Instead, as expected, the FTSE ended the day in positive territory while North American markets were clearly being guarded by the countries Secret Service, all ending the session in the Red. And oddly, that sentence was not a carefully contrived joke! Anyway, in more important news, it’s possible Scotland has exported some wet weather to Hungary, so perhaps this Grand Prix shall also be worth watching.

 

As for the FTSE, market behaviour since the start of June has been truly awful. The chart below shows in minute-by-minute mode, how pathetic the market has been. We’d initially assumed this was something to do with the UK General Election but such a notion looks erroneous. Are we to experience an even worse August or did everyone decide to take 3 months off this year? We want to make fun of the movement pattern, calling it a Sine Wave but a Sine Wave should be measurable in Wavelength, the distance between two peaks, and the FTSE clearly dodges such an accusation. However, it does come close in terms of Amplitude, the distance between the median and the highs. About the only conclusion which can be drawn is of time not mattering to the markets, only the variance above and below a roughly 8200 points pivot level.

What’s the point of knowing this?

When it happens, a trader can enjoy a (usually brief) period when switching from short to long positions. Our rule of thumb is to allow for 3 peaks, then distrust everything. But in this instance, the FTSE has been playing ball through an amazing 5 peaks so far. And if our suspicion of August being pretty rubbish, this state of affairs could easily continue, after a doubtless short period when the market will throw all the toys out before reverting to placid behaviour again.

 

FTSE for FRIDAY.  If we’re right with the voodoo science above, it will actually make a fair bit of sense if the FTSE opens Friday around 8195 points, then experiences a surprising bounce to around 8223 points. If bettered, our secondary works out at 8244 points and a price level where the market could stutter a bit. While visually this makes zero sense, it is certainly a theory and one which allows a super tight stop loss at 8187 points. Our reasoning behind this outlandish idea is due to the market having a history since June of reverting to the median level of 8200, then bouncing before a proper reversal.

 

Of course, we’ve a converse scenario we can present and it kicks into life, if the FTSE (do remember, we are talking about the actual market, not before or after hours futures) manages below 8187 points, it risks triggering reversal to an initial 8147 with our secondary, if broken, at 8105 points.

 

Hopefully it’s a good weekend for everyone, hopefully its a good Grand Prix and Louis Hamilton wins again, and hopefully we don’t end up covered in egg due to the scenario above!

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
11:25:58PM BRENT 8422 8375 8343 8512 8532 8565 8411
11:29:20PM GOLD 2444.24 2440 2432 2453 2484 2489 2456 ‘cess
11:32:12PM FTSE 8173.9 8158 8148 8190 8205 8224 8183 Success
11:35:04PM STOX50 4870 4869 4854 4887 4894 4905 4866
11:39:39PM GERMANY 18333.4 18290 18280 18381 18381 18423 18336
11:48:17PM DOW 40704 40590 40486 40760 40949 41093 40794
11:45:26PM US500 5555.2 5542 5526 5567 5568 5580 5542 Success
12:01:44AM NASDAQ 19778.5 19735 19587 19833 19973 20140 19832 ‘cess
12:06:00AM JAPAN 40127 39863 39770 40164 40421 40586 40187 ‘cess
18/07/2024 FTSE Closed at 8204 points. Change of 0.21%. Total value traded through LSE was: £ 4,278,080,573 a change of -5.62%
17/07/2024 FTSE Closed at 8187 points. Change of 0.28%. Total value traded through LSE was: £ 4,532,847,996 a change of 7.45%
16/07/2024 FTSE Closed at 8164 points. Change of -0.22%. Total value traded through LSE was: £ 4,218,485,938 a change of -1.45%
15/07/2024 FTSE Closed at 8182 points. Change of -0.85%. Total value traded through LSE was: £ 4,280,715,319 a change of 2.74%
12/07/2024 FTSE Closed at 8252 points. Change of 0.35%. Total value traded through LSE was: £ 4,166,551,953 a change of -13.98%
11/07/2024 FTSE Closed at 8223 points. Change of 0.37%. Total value traded through LSE was: £ 4,843,565,860 a change of 2.51%
10/07/2024 FTSE Closed at 8193 points. Change of 0.66%. Total value traded through LSE was: £ 4,725,141,160 a change of -14.23%

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:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **LSE:CEY Centamin** **LSE:IDS International Distribution** **LSE:ITV ITV** **LSE:NWG Natwest** **LSE:SBRY Sainsbury** **LSE:TSCO Tesco** **

********

Updated charts published on : Barclays, BALFOUR BEATTY, Block Energy PLC, Centamin, International Distribution, ITV, Natwest, Sainsbury, Tesco,


LSE:BARC Barclays Close Mid-Price: 228.6 Percentage Change: -0.91% Day High: 234.3 Day Low: 228.4

Target met. All Barclays needs are mid-price trades ABOVE 234.3 to improv ……..

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 413.6 Percentage Change: + 1.27% Day High: 415.6 Day Low: 408

Further movement against BALFOUR BEATTY ABOVE 415.6 should improve accele ……..

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LSE:BLOE Block Energy PLC Close Mid-Price: 0.92 Percentage Change: -7.50% Day High: 1 Day Low: 0.92

Weakness on Block Energy PLC below 0.92 will invariably lead to 0.82p wit ……..

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LSE:CEY Centamin Close Mid-Price: 132.9 Percentage Change: -0.23% Day High: 134.1 Day Low: 131.8

In the event of Centamin enjoying further trades beyond 134.1, the share ……..

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LSE:IDS International Distribution. Close Mid-Price: 342 Percentage Change: + 1.79% Day High: 342.8 Day Low: 335

All International Distribution needs are mid-price trades ABOVE 342.8 to ……..

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LSE:ITV ITV. Close Mid-Price: 84.5 Percentage Change: + 1.38% Day High: 85.5 Day Low: 83.3

Target met. In the event of ITV enjoying further trades beyond 85.5, the ……..

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LSE:NWG Natwest. Close Mid-Price: 336.3 Percentage Change: + 2.41% Day High: 337.2 Day Low: 330.6

Target met. Continued trades against NWG with a mid-price ABOVE 337.2 sho ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 271 Percentage Change: + 1.80% Day High: 270.8 Day Low: 266.6

Target met. In the event of Sainsbury enjoying further trades beyond 270. ……..

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LSE:TSCO Tesco. Close Mid-Price: 324.9 Percentage Change: + 1.03% Day High: 324.3 Day Low: 321.2

Target met. All Tesco needs are mid-price trades ABOVE 324.3 to improve a ……..

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

Argo Blockchain (LSE:ARB) around 12p at time of writing

#Gold #Japan Historically, we’ve maintained a pretty foul opinion of anything to do with crypto, especially when the buzzword “Blockchain” is woven into the narrative. The methodology which keeps pirate download sites alive, torrent streaming, bears more than a passing nod to being rebranded as Blockchain. It may even come as a surprise to many to discover Pirate Bay remains functioning, currently hosted in Ukraine or Vietnam…

We often liken torrent streaming sites as being akin to the ant colony which flourishes on our patio, every year. We use the miracle white powder to bomb the entrances and within hours, no ants can be seen. But a few days later, streams of the things can be found heading to new entrances like morning traffic approaching the Blackwall Tunnel. This game of “Whack a Mole” generally continues for the entire summer until suddenly, a week goes by with the realisation there has been no need to continue the fight against the ants. The war is therefore over for another year though, at some stage, we should lift the paving slabs and emplace a new membrane to keep the termites at bay.

 

It has been a couple of years since we reviewed Argo Blockchain and despite the miserable expectations of our last report, the company continues to do its thing, even boosting its way up to 35p at the start of this year in what looks like a successful promotion campaign via internet chatrooms. Surprisingly, the share value feels like it may be twitching once again with hope for some recovery. Our hope comes from the Red line on the chart below, along with the fact the market opted to gap the share price up on the 17th, closing the day up 20% and crucially, regaining the trend.

Generally behaviour such as this implies some optimism may be allowed as the immediate implication is of movement above 12p ideally triggering gains to an initial 14.2p. Our “longer term” secondary, if this level is bettered, works out at 16.25p.

 

Finally, nothing to do with ants or Blockchain but the press releases below were predictable. Wonder how the markets shall react, if Biden withdraws as it seems a lame attempt to “one up” a shooting.


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
11:29:54PM BRENT 8468.6 Success
12:11:50AM GOLD 2458.38 2451 2445 2432 2465 2484 2515 2548 2452 ‘cess
12:14:33AM FTSE 8210.1 ‘cess
12:18:48AM STOX50 4889.6 Success
12:22:04AM GERMANY 18472.5 ‘cess
12:24:52AM US500 5599.2 Success
12:28:00AM DOW 41252
1:38:07AM NASDAQ 19865.2 Success
1:40:54AM JAPAN 40191 40068 40006 39314 40323 41429 41745 42304 41252 Success
17/07/2024 FTSE Closed at 8187 points. Change of 0.28%. Total value traded through LSE was: £ 4,532,847,996 a change of 7.45%
16/07/2024 FTSE Closed at 8164 points. Change of -0.22%. Total value traded through LSE was: £ 4,218,485,938 a change of -1.45%
15/07/2024 FTSE Closed at 8182 points. Change of -0.85%. Total value traded through LSE was: £ 4,280,715,319 a change of 2.74%
12/07/2024 FTSE Closed at 8252 points. Change of 0.35%. Total value traded through LSE was: £ 4,166,551,953 a change of -13.98%
11/07/2024 FTSE Closed at 8223 points. Change of 0.37%. Total value traded through LSE was: £ 4,843,565,860 a change of 2.51%
10/07/2024 FTSE Closed at 8193 points. Change of 0.66%. Total value traded through LSE was: £ 4,725,141,160 a change of -14.23%
9/07/2024 FTSE Closed at 8139 points. Change of -0.66%. Total value traded through LSE was: £ 5,509,291,048 a change of 31.2%

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:BBY BALFOUR BEATTY** **LSE:CAR Carclo** **LSE:CEY Centamin** **LSE:TSCO Tesco** **

********

Updated charts published on : Barclays, BALFOUR BEATTY, Carclo, Centamin, Tesco,


LSE:BARC Barclays. Close Mid-Price: 230.7 Percentage Change: + 1.47% Day High: 233 Day Low: 227.45

Target met. Continued trades against BARC with a mid-price ABOVE 233 shou ……..

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 408.4 Percentage Change: + 0.05% Day High: 413.4 Day Low: 407.6

Target met. In the event of BALFOUR BEATTY enjoying further trades beyond ……..

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LSE:CAR Carclo Close Mid-Price: 21.8 Percentage Change: -6.84% Day High: 24 Day Low: 21.2

Further movement against Carclo ABOVE 24 should improve acceleration towa ……..

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LSE:CEY Centamin. Close Mid-Price: 133.2 Percentage Change: + 1.29% Day High: 133.7 Day Low: 128.9

Further movement against Centamin ABOVE 133.7 should improve acceleration ……..

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LSE:TSCO Tesco. Close Mid-Price: 321.6 Percentage Change: + 0.85% Day High: 320.9 Day Low: 316.4

In the event of Tesco enjoying further trades beyond 320.9, the share sho ……..

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

British American Tobacco (LSE:BATS) around 2464 at time of writing

#FTSE #Nasdaq  For reasons, entirely to do with shoe shopping, my wife left me standing waiting for her at the exit junction of our local hospital.  It was a nice day, not even raining for a change, making leaning against a convenient wall while listening to an audio book, not the most onerous of tasks. She was eventually 20 minutes late and worse, even admitted to not finding the type of boots she wanted. But this wasn’t the end of the story.

Watching traffic exit the hospital car park provided an interesting insight into human behaviour. We’ve long suspected the writing must be “on the wall” for the likes of BAT, anti-smoking rhetoric, regulations, and laws making what was once a favourite pastime as viable as voting Conservative in Scotland. But one thing was in evidence. Generally, when people start their cars moving, they either have the urge to pick their nose or engage in a more common activity, taking a draw of a cigarette. While I didn’t count, I’d estimate over half the vehicles coming out from the hospital either had the driver smoking or the passenger, implying the habit is still as popular as ever. Perhaps sales may have fallen but the cigarette companies don’t appear to be begging for Government aid. When adding the fact retailers now boast grey nondescript cupboards in prime retail space, holding impressive levels of stock, it seems ‘the habit’ remains ingrained, making us suspect the current battle against vaping may be more to do with tax revenue than health or safety.

 

BAT share price decline from 2017’s unfathomable high has led it to currently at just under 50% of such a level, leading us to fear more drama may yet come. While the Red uptrend since 2008 has recently experienced a couple of solid confirmation footfalls by the share price, we’re inclined to suspect more reversals are coming.

Currently below 2340p would tick a pretty major box for concern, risking triggering reversals down to an initial 1982p, something with quite devastating visual implications. Our secondary works out at a longer term 1416p and hopefully a bottom as it rather neatly matches the prior low of 2018.

Conversely, BATS would need above 2575p to give the first dusting of hope, potentially triggering recovery to an initial 2717p with secondary, if beaten, at 2881p. Only with closure above this secondary level shall we dare hope some true recovery may be lighting things up. Who knows, perhaps their slogan “Our portfolio of powerful smokeless product brands will drive progress to a smokeless world” isn’t entirely delivered with a corporate tongue, firmly embedded in the cheek.

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:27:00PM BRENT 8343 ‘cess
10:37:32PM GOLD 2468.65 ‘cess
11:19:06PM FTSE 8194.8 8124 8106 8048 8172 8204 8217 8248 8160 ‘cess
11:56:11PM STOX50 4963.3 ‘cess
12:00:02AM GERMANY 18578 ‘cess
12:51:14AM US500 5665.9
12:54:44AM DOW 40958 Success
1:58:00AM NASDAQ 20367 20265 20190 20057 20412 20481 20527 20614 20366
2:00:02AM JAPAN 41344 ‘cess

 

16/07/2024 FTSE Closed at 8164 points. Change of -0.22%. Total value traded through LSE was: £ 4,218,485,938 a change of -1.45%
15/07/2024 FTSE Closed at 8182 points. Change of -0.85%. Total value traded through LSE was: £ 4,280,715,319 a change of 2.74%
12/07/2024 FTSE Closed at 8252 points. Change of 0.35%. Total value traded through LSE was: £ 4,166,551,953 a change of -13.98%
11/07/2024 FTSE Closed at 8223 points. Change of 0.37%. Total value traded through LSE was: £ 4,843,565,860 a change of 2.51%
10/07/2024 FTSE Closed at 8193 points. Change of 0.66%. Total value traded through LSE was: £ 4,725,141,160 a change of -14.23%
9/07/2024 FTSE Closed at 8139 points. Change of -0.66%. Total value traded through LSE was: £ 5,509,291,048 a change of 31.2%
8/07/2024 FTSE Closed at 8193 points. Change of -0.12%. Total value traded through LSE was: £ 4,199,265,800 a change of -27.16%

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:CAR Carclo** **LSE:IHG Intercontinental Hotels Group** **LSE:JET Just Eat** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:SCLP Scancell** **LSE:TSCO Tesco** **

********

Updated charts published on : Barclays, Carclo, Intercontinental Hotels Group, Just Eat, Ocado Plc, Primary Health, Parkmead, Scancell, Tesco,


LSE:BARC Barclays. Close Mid-Price: 227.35 Percentage Change: + 0.71% Day High: 227.65 Day Low: 223.55

In the event of Barclays enjoying further trades beyond 227.65, the share ……..

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LSE:CAR Carclo. Close Mid-Price: 23.4 Percentage Change: + 14.15% Day High: 23.2 Day Low: 21.8

Target met. Continued trades against CAR with a mid-price ABOVE 23.2 shou ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 8526 Percentage Change: + 1.69% Day High: 8542 Day Low: 8324

All Intercontinental Hotels Group needs are mid-price trades ABOVE 8542 t ……..

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LSE:JET Just Eat Close Mid-Price: 954 Percentage Change: -0.62% Day High: 957 Day Low: 935

If Just Eat experiences continued weakness below 935, it will invariably ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 360.5 Percentage Change: + 5.90% Day High: 407.3 Day Low: 359.2

Continued trades against OCDO with a mid-price ABOVE 407.3 should improve ……..

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LSE:PHP Primary Health Close Mid-Price: 95.75 Percentage Change: -0.52% Day High: 97.5 Day Low: 95.35

Further movement against Primary Health ABOVE 97.5 should improve acceler ……..

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LSE:PMG Parkmead Close Mid-Price: 11.75 Percentage Change: -4.08% Day High: 12.25 Day Low: 11.75

Weakness on Parkmead below 11.75 will invariably lead to 10p with seconda ……..

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LSE:SCLP Scancell. Close Mid-Price: 12 Percentage Change: + 5.26% Day High: 12.25 Day Low: 11.4

All Scancell needs are mid-price trades ABOVE 12.25 to improve accelerati ……..

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LSE:TSCO Tesco. Close Mid-Price: 318.9 Percentage Change: + 1.01% Day High: 319.8 Day Low: 314.1

Target met. Further movement against Tesco ABOVE 319.8 should improve acc ……..

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

Tesla Inc (Nasdaq:TSLA) around 252.6 at time of writing.

#Gold #SP500  To be honest, while some people worship Taylor Swift, a person hero is Elon Musk. Why begs the question, does this make me a “musky” to use the Taylor Swift vernacular? The guys space ships continue to fly with SpaceX currently discretely plotting a rescue mission for the two folk NASA/Boeing have managed to strand on the ISS, a 7 day mission NASA are currently trying to claim will last 90 days. Apparently the Boeing Starliner will remain “not stranded” on the space station indefinitely.

Then there’s Twitter (X) with the Elon Musk account regularly posting updates of record usage numbers, always a surprise as the hoard of folk he fired when culling the company all postulated the end of the platform. Instead, it seems to be going from strength to strength, even openly challenging the EU after turning down their offer of hush money to allow the EU to silence folk they didn’t like. Unless the EU chickens out, it’s going to be an interesting court case as Mr Musk seems happy to ridicule the unelected civil servants who tried to blackmail Twitter.

Finally, we’ve got Tesla, once again reclaiming the place as largest EV supplier. Here in Argyll, we’ve gone from a few of the things to truly astounding numbers in the course of the last year. Apparently there’s even a local owners club where they meet up for coffee and to complain about the cost of chargers. Once, upon seeing the packed car park at the cafe, it was easy to feel sorry for the person who’d broken the mould by choosing a Red Tesla, the poor car looking as regal as a 1980’s offering from the British car industry while surrounded by the obligatory Pearl White offerings. Our personal doubts about justification for EV’s remain, especially after discovering my own mileage has been just over 3,000 miles/year for the last ten years. This was quite a surprise, given driving 1,100 miles in a single day wasn’t previously unknown, when making a dash from Scotland to the ski slopes in France.

 

As the inset on the chart below indicates, the market appears to have decided Tesla share price should break above the downtrend since 2021. Our inclination is to take this quite seriously as visually it appears Tesla share price is once again revving up for some further acceleration. Currently, above 271p looks like triggering movement to an initial 279 with our secondary, if bettered, at 294 and some possible hesitation. However, in the even the market makes it past such a level, our third level ambition of a future 358 dollars becomes very viable.

Unlike a Red Tesla, we think this share price shall prove worth watching. While we’ve given 271 as potential trigger level, even above 263 should theoretically serve to get things moving. Should things intend going wrong, below 231 shall certainly justify panic as it risks promoting reversals down to 210 initially with our secondary, if broken, at an eventual hopeful bottom of 158.

 

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
12:47:01AM BRENT 8459.6
12:51:43AM GOLD 2421.35 2401 2395 2380 2415 2440 2464 2490 2412 Success
12:54:18AM FTSE 8173 Success
12:56:49AM STOX50 4971.9 ‘cess
1:05:35AM GERMANY 18582
1:08:27AM US500 8445.4 8416 8401 8331 8475 8502 8527 8564 8454
1:15:45AM DOW 40275
2:19:19AM NASDAQ 20431.4 ‘cess
2:21:32AM JAPAN 41314

 

15/07/2024 FTSE Closed at 8182 points. Change of -0.85%. Total value traded through LSE was: £ 4,280,715,319 a change of 2.74%
12/07/2024 FTSE Closed at 8252 points. Change of 0.35%. Total value traded through LSE was: £ 4,166,551,953 a change of -13.98%
11/07/2024 FTSE Closed at 8223 points. Change of 0.37%. Total value traded through LSE was: £ 4,843,565,860 a change of 2.51%
10/07/2024 FTSE Closed at 8193 points. Change of 0.66%. Total value traded through LSE was: £ 4,725,141,160 a change of -14.23%
9/07/2024 FTSE Closed at 8139 points. Change of -0.66%. Total value traded through LSE was: £ 5,509,291,048 a change of 31.2%
8/07/2024 FTSE Closed at 8193 points. Change of -0.12%. Total value traded through LSE was: £ 4,199,265,800 a change of -27.16%
5/07/2024 FTSE Closed at 8203 points. Change of -0.46%. Total value traded through LSE was: £ 5,765,215,799 a change of 61.04%

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:BBY BALFOUR BEATTY** **LSE:CASP Caspian** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:RKH Rockhopper** **LSE:SDY Speedyhire** **LSE:STAR Star Energy** **

********

Updated charts published on : BALFOUR BEATTY, Caspian, Intercontinental Hotels Group, ITM Power, Rockhopper, Speedyhire, Star Energy,


LSE:BBY BALFOUR BEATTY Close Mid-Price: 404.6 Percentage Change: -0.25% Day High: 412.6 Day Low: 403

Continued trades against BBY with a mid-price ABOVE 412.6 should improve ……..

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LSE:CASP Caspian. Close Mid-Price: 4.55 Percentage Change: + 40.00% Day High: 5.25 Day Low: 3.35

Target met. Further movement against Caspian ABOVE 5. should improve acce ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 8384 Percentage Change: + 0.82% Day High: 8448 Day Low: 8302

In the event of Intercontinental Hotels Group enjoying further trades bey ……..

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LSE:ITM ITM Power Close Mid-Price: 61.55 Percentage Change: -6.03% Day High: 67.6 Day Low: 61

Target met. All ITM Power needs are mid-price trades ABOVE 68p to improve ……..

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LSE:RKH Rockhopper. Close Mid-Price: 15 Percentage Change: + 0.00% Day High: 15.35 Day Low: 14.9

All Rockhopper needs are mid-price trades ABOVE 15.35 to improve accelera ……..

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LSE:SDY Speedyhire. Close Mid-Price: 39.5 Percentage Change: + 0.89% Day High: 40.9 Day Low: 38.8

Continued trades against SDY with a mid-price ABOVE 40.9 should improve t ……..

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LSE:STAR Star Energy. Close Mid-Price: 7.79 Percentage Change: + 2.50% Day High: 0 Day Low: 0

Further movement against Star Energy ABOVE 8.05 should improve accelerati ……..

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

Lloyds Banking Group (LSE:LLOY) around 59.1 and more to come?

#Brent #Dax  Out in the garden to catch photographs of the setting sun here in Argyll, the sound of distant applause and cheers made its was across the sea. There’s a pub with a beer garden almost exactly 2 miles across the water and on a calm evening, sound really carries.  Returning indoors in the usual panic to avoid the Scottish Midge, I commented to my wife; “Sounds like England lost whatever game they were playing!” and she replied, saying it had just finished and Spain had won.

Some things about Scotland never change and soon Twitter was awash with pictures of a street party in Dundee. For those who care, here’s a picture of a nice sunset, easily missed if watching football.

It was all a refreshing change of pace from the previous night, where a brief glance at “Meghan Kelly Live” (sometimes it’s unintentionally funny) on YouTube proved riveting viewing. Minutes earlier, someone had just taken a couple of pot shots at Mr Trump, and the media was hurriedly eating itself in a frenzy to get more information, thankfully not yet at the stage of interviewing each other. The absolute venom directed at CNN reporters, one of whom tried to ridicule Trump for jumping after a couple of “pops”, made it easy to believe an uncivil war was about to break out between the news networks. The whole thing became surreal and by 4am, it was obvious aside from the live video of the shooting, nothing new was going to come out. Though the lady reporter from CNN should really be looking for a new profession very soon, one which doesn’t need a functioning brain. Perhaps a career in politics awaits her.

 

We can claim a recent major success with Lloyds, due to our previous analysis giving criteria by which the share price should’ve triggered an initial 58p with secondary, if bettered, at 59.5p with any movement exceeding an initial 56.1p. Neither target ambition was particularly ambitious but what we really find interesting is shown on the chart extract below. For the last six sessions, Lloyds share price has been scurrying around between our target levels, the implication being our logic is currently correct for this share. This is something which is often quite assuring, providing a degree of confidence for the future.

From our perspective, we’re now inclined to assign 60.4p as our next potential trigger level, due to movement above such a point now calculating with the potential of an initial lift to 64.3p with our secondary, if beaten, now at 65.8p. According to the visuals, some hesitation should be anticipated at such highs, due to the market finally matching the highs before the pandemic plunge. For some reason, this sort of thing is proving an immediate hindrance in many rising cycles, though not all. As a result, we shall not be surprised, if this triggers, to see an attempt at the 70p level as a third level hope.

Our converse scenario, if everything decides to go wrong, demands the share price move below 52p to potentially trigger reversal to an initial 50.8 with secondary, if broken, at 47p and hopefully a bottom.

 

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
10:06:33PM BRENT 8473.6 8445 8403 8334 8535 8609 8638 8723 8532
10:08:28PM GOLD 2410.67 2410
10:23:26PM FTSE 8237 8228
10:27:16PM STOX50 5026.3 5020
10:31:10PM GERMANY 18709.4 18527 18436 18320 18575 18784 18836 18925 18714
10:34:30PM US500 5615.3 5625
1:04:09AM DOW 40011.5 40032
1:06:11AM NASDAQ 20342 20436
1:08:51AM JAPAN 41308 41283

 

12/07/2024 FTSE Closed at 8252 points. Change of 0.35%. Total value traded through LSE was: £ 4,166,551,953 a change of -13.98%
11/07/2024 FTSE Closed at 8223 points. Change of 0.37%. Total value traded through LSE was: £ 4,843,565,860 a change of 2.51%
10/07/2024 FTSE Closed at 8193 points. Change of 0.66%. Total value traded through LSE was: £ 4,725,141,160 a change of -14.23%
9/07/2024 FTSE Closed at 8139 points. Change of -0.66%. Total value traded through LSE was: £ 5,509,291,048 a change of 31.2%
8/07/2024 FTSE Closed at 8193 points. Change of -0.12%. Total value traded through LSE was: £ 4,199,265,800 a change of -27.16%
5/07/2024 FTSE Closed at 8203 points. Change of -0.46%. Total value traded through LSE was: £ 5,765,215,799 a change of 61.04%
4/07/2024 FTSE Closed at 8241 points. Change of 0.86%. Total value traded through LSE was: £ 3,579,962,751 a change of -46.51%

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:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:OCDO Ocado Plc** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : BALFOUR BEATTY, Block Energy PLC, IG Group, ITM Power, Ocado Plc, Sainsbury, Scancell, Tesco, Taylor Wimpey,


LSE:BBY BALFOUR BEATTY. Close Mid-Price: 405.6 Percentage Change: + 0.75% Day High: 408.6 Day Low: 402

Target met. All BALFOUR BEATTY needs are mid-price trades ABOVE 408.6 to ……..

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LSE:BLOE Block Energy PLC. Close Mid-Price: 1.02 Percentage Change: + 0.00% Day High: 1.02 Day Low: 0.98

If Block Energy PLC experiences continued weakness below 0.98, it will in ……..

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LSE:IGG IG Group. Close Mid-Price: 851.5 Percentage Change: + 0.00% Day High: 858.5 Day Low: 848.5

Target met. All IG Group needs are mid-price trades ABOVE 858.5 to improv ……..

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LSE:ITM ITM Power. Close Mid-Price: 65.5 Percentage Change: + 2.50% Day High: 65.55 Day Low: 61.6

Target met. Further movement against ITM Power ABOVE 65.55 should improve ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 380 Percentage Change: + 0.13% Day High: 388.3 Day Low: 373.7

All Ocado Plc needs are mid-price trades ABOVE 388.3 to improve accelerat ……..

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LSE:SBRY Sainsbury Close Mid-Price: 265.2 Percentage Change: -1.04% Day High: 269.6 Day Low: 265.4

Further movement against Sainsbury ABOVE 269.6 should improve acceleratio ……..

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LSE:SCLP Scancell. Close Mid-Price: 11.4 Percentage Change: + 3.64% Day High: 11.4 Day Low: 10.95

In the event of Scancell enjoying further trades beyond 11.4, the share s ……..

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LSE:TSCO Tesco. Close Mid-Price: 318.3 Percentage Change: + 1.37% Day High: 318.1 Day Low: 314.6

Continued trades against TSCO with a mid-price ABOVE 318.1 should improve ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 157.05 Percentage Change: + 1.65% Day High: 157.4 Day Low: 154.25

Target met. In the event of Taylor Wimpey enjoying further trades beyond ……..

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