Trends And Targets

#Brent #Dax “Why don’t you just buy a classic British motorcycle?” said my wife. We were discussing weight loss and she had a vivid memory of my fitness levels improving, along with sharp loss of weight. Unfortunately, the machine in question was a 1949 AJS 500, a sod of a machine which usually broke down, needing pushed home when I ventured out.

Needless to say, I loved it, even the day I fractured my neck (and still had to push the damaged bike home). Years later, an X-ray revealed the historical damage but I still recall the bang when my helmet touched down first. Perhaps this is a strange way to start writing this weeks banking article and, while it’s tempting to draw analogies with banging ones head off a brick wall, the truth is stranger. Someone emailed asking if we’d take a look at an Australian company called “BSA”. Immediately remembering another British machine which needed pushed, often (A BSA Bantam), any assumption the Australian BSA were a reincarnation of the UK company proved incorrect. They’re a technical services contracting company and their share price is pretty boring at 0.28 AUD. Only if it wanders above 0.4AUD shall it risk becoming useful.

 

Bank of America, unlike BSA, already looks capable of some useful movement. Around a year ago, Warren Buffet bought BoA share price at somewhere around the $24US mark, almost doubling his $2bn investment value while the rest of the world coughs politely in the background. With US earnings season announcements proving positive, we shall be fascinated if the share price wanders above $47. Presently, the share is trading around $46.4, so this isn’t one of these vaguely distant potentials.  Above the trigger calculates with the potential of further growth toward an initial 49.1 with secondary, if bettered, at $51.8 sometime in the future.

We cannot calculate above this level presently as it implies a new high for the price. However, we suspect some hesitation, should $51.8 make itself known. The share price needs diminish below $38 to justify panic.

Lloyds Bank. Lloyds, yet again did something useful following our previous update. Presently trading around 49.1p, the share price met our recovery scenario and moved, pretty precisely, to our target levels. Now, the situation exists where we can advance another set of circumstances, this time presenting some rather more useful target levels.

Above just 49.3p currently looks perfectly capable of triggering a nod in the direction of 51.9p. Our secondary, if such a target level exceeded, calculates at 54.7p, pretty close to the pre-pandemic high. Should the share price follow the footsteps of BoA above, some reversal is probable at this level, hopefully short lived. It would be especially nice if Lloyds followed a similar upward trajectory but we’re not inclined to hold our breath!

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
6:47:58PM	BRENT	84.49	83.77	83.37	82.92	84.5	84.69	84.835	85.19	84
6:51:41PM	GOLD	1767.75									Success
7:08:15PM	FTSE	7428.13									‘cess
7:12:28PM	FRANCE	6737									‘cess
7:15:24PM	GERMANY	15611	15462	15417	15352	15537	15612	15655	15727	15569
7:47:29PM	US500	4471.77									‘cess
8:39:23PM	DOW	35299.2									Success
8:41:09PM	NASDAQ	15144
8:43:53PM	JAPAN	29169									Success

 

15/10/2021 FTSE Closed at 7234 points. Change of 0.37%. Total value traded through LSE was: £ 6,099,387,832 a change of 10.37%

14/10/2021 FTSE Closed at 7207 points. Change of 0.92%. Total value traded through LSE was: £ 5,526,155,922 a change of -16.32%

13/10/2021 FTSE Closed at 7141 points. Change of 0.15%. Total value traded through LSE was: £ 6,604,225,806 a change of 15.2%

12/10/2021 FTSE Closed at 7130 points. Change of -0.22%. Total value traded through LSE was: £ 5,733,075,032 a change of 19.23%

11/10/2021 FTSE Closed at 7146 points. Change of 0.72%. Total value traded through LSE was: £ 4,808,445,394 a change of -16.31%

9/10/2021 FTSE Closed at 7095 points. Change of 0%. Total value traded through LSE was: £ 5,745,415,827 a change of -6.11%

8/10/2021 FTSE Closed at 7095 points. Change of 0.24%. Total value traded through LSE was: £ 6,119,595,465 a change of 8.49%

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:AVCT Avacta** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:NWG Natwest** **LSE:RKH Rockhopper** **LSE:VOD Vodafone** **

********

Updated charts published on : Avacta, BP PLC, British Telecom, Glencore Xstra, Hikma, Natwest, Rockhopper, Vodafone,

LSE:AVCT Avacta. Close Mid-Price: 123.7 Percentage Change: + 1.39% Day High: 129 Day Low: 121.5

Further movement against Avacta ABOVE 129 should improve acceleration tow ……..

Subscribe for more

</p

View Previous Avacta & Big Picture ***

LSE:BP. BP PLC. Close Mid-Price: 363.6 Percentage Change: + 1.65% Day High: 365.2 Day Low: 360.6

Further movement against BP PLC ABOVE 365.2 should improve acceleration t ……..

Subscribe for more

</p

View Previous BP PLC & Big Picture ***

LSE:BT.A British Telecom Close Mid-Price: 140.6 Percentage Change: -0.21% Day High: 141.75 Day Low: 138.85

Target met. If British Telecom experiences continued weakness below 138.8 ……..

Subscribe for more

</p

View Previous British Telecom & Big Picture ***

LSE:GLEN Glencore Xstra. Close Mid-Price: 390.55 Percentage Change: + 1.49% Day High: 392.3 Day Low: 387.5

Further movement against Glencore Xstra ABOVE 392.3 should improve accele ……..

Subscribe for more

</p

View Previous Glencore Xstra & Big Picture ***

LSE:HIK Hikma Close Mid-Price: 2343 Percentage Change: -1.35% Day High: 2383 Day Low: 2330

This is being a nuisance and I’m inclined to step back and review it from ……..

Subscribe for more

</p

View Previous Hikma & Big Picture ***

LSE:NWG Natwest. Close Mid-Price: 233.9 Percentage Change: + 1.92% Day High: 234.1 Day Low: 230.3

In the event of Natwest enjoying further trades beyond 234.1, the share s ……..

Subscribe for more

</p

View Previous Natwest & Big Picture ***

LSE:RKH Rockhopper. Close Mid-Price: 6.5 Percentage Change: + 4.84% Day High: 6.8 Day Low: 5.9

All Rockhopper needs are mid-price trades ABOVE 6.8 to improve accelerati ……..

Subscribe for more

</p

View Previous Rockhopper & Big Picture ***

LSE:VOD Vodafone Close Mid-Price: 110.44 Percentage Change: -0.61% Day High: 111.28 Day Low: 109.64

In the event Vodafone experiences weakness below 109.64 it calculates wit ……..

Subscribe for more

</p

View Previous Vodafone & Big Picture ***

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

#FTSE #GOLD

There are early signs the market(s) are poised for further recovery/growth. Wall St, the Dow Jones, is a case in point, the index managing to clear the immediate downtrend. If we’re honest, reversals through September felt similar to one of these ridiculous “it has to go down, before it goes up” moments.

The funny thing is, the primary US market has been essentially flatlining since May this year, albeit a flatline with a 1,000 point variance. However, traders were not short of complaints regarding the lack of interesting market activity. The big question we need ask is fairly important; Are there sufficient forces in play to take the market above the flatline? Will we see new all time highs?

The immediate situation suggests near term traffic above 34930 points allows recovery to an initial 35078 points. If bettered, our secondary calculates at a healthy sounding 35401 points. While the visuals indicate the potential of some hesitation at our secondary level, we’re not entirely sold on the idea thanks to how well defined the immediate Blue downtrend has been. Instead, we suspect our secondary shall be exceeded, allowing a Big Picture potential of further growth to a new all time high level of 36130, maybe even higher.

For everything to start going horribly wrong for The Dow, the index needs below 33800 points. At present, nothing threatens such reversal.

FTSE for FRIDAY The FTSE looks like some gains are possible but once again, we need point out our sense of time is ridiculous! It was to take almost a week until the market made it successfully to our target, achieving a high of 7216 points on Thursday.

This time around, we remain hopeful for the UK market, the immediate situation suggesting movement above 7216 points should aspire to an initial tame 7230 points. To be fair, we’re inclined to ignore this potential, instead preferring to treat 7230 as a proper trigger level. The tightest stop looks like 7187 points.

Above 7230 currently calculates with the potential of growth to 7262 points. If bettered, our secondary works out at 7330 points. In fact, we can even extrapolate a very possible third level at 7355 points. This third level is liable to become a bit of a problem, impacting the downtrend since 2018.

 

If things intend go wrong, the FTSE needs weaken below 7157 points as this works out with an initial reversal target of 7123. If broken, our secondary is a bit more traumatic at 7070 points and hopefully a bounce, the movement itself being viewed as an attempt to slow down a market which is heating up.

As always, many thanks to those who find adverts on this page worthy of visiting. It’s like buying us a coffee!

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:09:03PM	BRENT	83.88	82.87	82.49		83.75	84.17	84.875		83	‘cess
9:11:02PM	GOLD	1796.95	1787	1782		1797	1800	1803.5		1793
9:13:31PM	FTSE	7220	7168	7146		7201	7221	7246		7171	Success
9:15:53PM	FRANCE	6695.7	6617	6609		6659	6698	6717		6638	Success
9:19:13PM	GERMANY	15500.79	15295	15213		15390	15505	15615		15300	Success
9:21:26PM	US500	4443.97	4399	4387		4412	4444	4464		4394	Success
9:24:02PM	DOW	34961	34458	34355		34606	34961	35001		34840	Success
9:26:17PM	NASDAQ	15082.6	14818	14781		14914	15084	15148.25		14903	Success
9:29:20PM	JAPAN	28766	28568	28521		28690	28782	28805		28644	Success

 

14/10/2021 FTSE Closed at 7207 points. Change of 0.92%. Total value traded through LSE was: £ 5,526,155,922 a change of -16.32%

13/10/2021 FTSE Closed at 7141 points. Change of 0.15%. Total value traded through LSE was: £ 6,604,225,806 a change of 15.2%

12/10/2021 FTSE Closed at 7130 points. Change of -0.22%. Total value traded through LSE was: £ 5,733,075,032 a change of 19.23%

11/10/2021 FTSE Closed at 7146 points. Change of 0.72%. Total value traded through LSE was: £ 4,808,445,394 a change of -16.31%

9/10/2021 FTSE Closed at 7095 points. Change of 0%. Total value traded through LSE was: £ 5,745,415,827 a change of -6.11%

8/10/2021 FTSE Closed at 7095 points. Change of 0.24%. Total value traded through LSE was: £ 6,119,595,465 a change of 8.49%

7/10/2021 FTSE Closed at 7078 points. Change of 1.19%. Total value traded through LSE was: £ 5,640,729,699 a change of -17.12%

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:AVCT Avacta** **LSE:ECO ECO (Atlantic) O & G** **LSE:EMG MAN** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:ITM ITM Power** **LSE:RKH Rockhopper** **LSE:ZOL Zoldav** **

********

Updated charts published on : Asos, Avacta, ECO (Atlantic) O & G, MAN, Gulf Keystone, Glencore Xstra, ITM Power, Rockhopper, Zoldav,

LSE:ASC Asos. Close Mid-Price: 2472 Percentage Change: + 7.48% Day High: 2498 Day Low: 2280

In a small update, below 2266 now suggests coming weakness to 1888 with se ……..

Subscribe for more

</p

View Previous Asos & Big Picture ***

LSE:AVCT Avacta. Close Mid-Price: 122 Percentage Change: + 8.93% Day High: 123.5 Day Low: 112.5

This almost looks ready to be useful as moves above 124 now permit travel ……..

Subscribe for more

</p

View Previous Avacta & Big Picture ***

LSE:ECO ECO (Atlantic) O & G Close Mid-Price: 30.25 Percentage Change: -3.97% Day High: 33.5 Day Low: 29.75

In the event of ECO (Atlantic) O & G enjoying further trades beyond 33.5, ……..

Subscribe for more

</p

View Previous ECO (Atlantic) O & G & Big Picture ***

LSE:EMG MAN. Close Mid-Price: 225.4 Percentage Change: + 3.30% Day High: 228.4 Day Low: 218.7

Target met. Continued trades against EMG with a mid-price ABOVE 228.4 sho ……..

Subscribe for more

</p

View Previous MAN & Big Picture ***

LSE:GKP Gulf Keystone. Close Mid-Price: 217 Percentage Change: + 2.12% Day High: 221 Day Low: 214.5

In the event of Gulf Keystone enjoying further trades beyond 221, the sha ……..

Subscribe for more

</p

View Previous Gulf Keystone & Big Picture ***

LSE:GLEN Glencore Xstra. Close Mid-Price: 384.8 Percentage Change: + 3.37% Day High: 386.4 Day Low: 377.45

Target met. Continued trades against GLEN with a mid-price ABOVE 386.4 sh ……..

Subscribe for more

</p

View Previous Glencore Xstra & Big Picture ***

LSE:ITM ITM Power. Close Mid-Price: 474.8 Percentage Change: + 5.18% Day High: 473.2 Day Low: 452.4

Further movement against ITM Power ABOVE 473.2 should improve acceleratio ……..

Subscribe for more

</p

View Previous ITM Power & Big Picture ***

LSE:RKH Rockhopper. Close Mid-Price: 6.2 Percentage Change: + 11.31% Day High: 6.5 Day Low: 6

Above 6.5 currently suggests the potential of movement to an initial 6.9p. ……..

Subscribe for more

</p

View Previous Rockhopper & Big Picture ***

LSE:ZOL Zoldav Close Mid-Price: 24.5 Percentage Change: -5.77% Day High: 27 Day Low: 24.5

This is looking terrible as below 24 now signals reversal to 17 next. If b ……..

Subscribe for more

</p

View Previous Zoldav & Big Picture ***

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

#WallStreet & #DAX There’s something faintly silly about the forthcoming “Climate Change” conference in Glasgow, the COP26 affair. Glasgow, the one place in the UK where the climate never changes, always untrustworthy.  We are curious how some of the coal miners listed internationally are doing, from RWE.ag in Germany to Arch Resources in the USA.

After all, coal is universally frowned upon as a source of energy. Even the rocket which took Capt Kirk (Wm Shatner) into space today wasn’t coal powered…

While it appears true to say RWE.AG haven’t avoided controversy in Germany, their share present (currently around 31€) has risen quite firmly from its low of 9€ back in 2015. Even the pandemic thrashing in 2020 ‘only’ provoked reversal to the 20€ mark, the price achieving new highs in the period since. However, the company have a fair distance to climb, if the all time high of 100€ in 2008 shall ever be challenged again. A glance at the internet reveals RWE intend reduce their dependence on coal, during the next few years.

The immediate situation with RWE allows movement above just 33 to provoke some gains toward an initial 35.8. If exceeded, we can calculate a longer term secondary at 38.9€, along with the prospect of some hesitation when the price matches this years highs.

The alternate scenario suggests below 29.5€ could trigger reversal to an initial 26.7 with secondary, if broken, a future 21.2€. The surprise from both scenario is nothing forecast is particularly game changing, tending suggest whatever the result of a climate conference, the markets suspect RWE.AG shall remain within a trading pattern developed during the last couple of years.

Arch Resources, the 2nd largest supplier of coal in the US, and based in St Louis, Missouri, enjoy a share price chart which offers considerable hope for the longer term. Presently trading around the $100 mark, the share price already looks ready to extend gains. If playing safe, above $105.5 calculates with the potential of an initial $118 with secondary, if exceeded, working out at a longer term 149 dollars.

Such is the strength of movement, the share price needs below $72 to allow for weakness down to an initial $44. If broken, our secondary looks impossible, down at $5.7 and a new all time low. Obviously, absolutely nothing currently suggests this as a danger.

About the only thing we can conclude is, despite Coal being the victim of a media campaign, the numbers presently suggest the market isn’t paying attention.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:52:25PM	BRENT	83.08									‘cess
10:54:35PM	GOLD	1793.74									Success
11:12:40PM	FTSE	7167.01									‘cess
11:14:56PM	FRANCE	6613.5									Success
11:16:49PM	GERMANY	15288.21	15216	15184	15144	15280	15306	15352.5	15402	15216	Success
11:18:21PM	US500	4369.12
11:21:11PM	DOW	34408.6	34105	34034	33892	34460	34468	34621	34793	34274	‘cess
11:23:23PM	NASDAQ	14798
11:25:13PM	JAPAN	28210

13/10/2021 FTSE Closed at 7141 points. Change of 0.15%. Total value traded through LSE was: £ 6,604,225,806 a change of 15.2%

12/10/2021 FTSE Closed at 7130 points. Change of -0.22%. Total value traded through LSE was: £ 5,733,075,032 a change of 19.23%

11/10/2021 FTSE Closed at 7146 points. Change of 0.72%. Total value traded through LSE was: £ 4,808,445,394 a change of -16.31%

9/10/2021 FTSE Closed at 7095 points. Change of 0%. Total value traded through LSE was: £ 5,745,415,827 a change of -6.11%

8/10/2021 FTSE Closed at 7095 points. Change of 0.24%. Total value traded through LSE was: £ 6,119,595,465 a change of 8.49%

7/10/2021 FTSE Closed at 7078 points. Change of 1.19%. Total value traded through LSE was: £ 5,640,729,699 a change of -17.12%

6/10/2021 FTSE Closed at 6995 points. Change of -1.16%. Total value traded through LSE was: £ 6,806,025,968 a change of 27.41%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AGM Applied Graphene** **LSE:BT.A British Telecom** **LSE:CASP Caspian** **LSE:ECO ECO (Atlantic) O & G** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:GLEN Glencore Xstra** **

********

Updated charts published on : Applied Graphene, British Telecom, Caspian, ECO (Atlantic) O & G, Empyrean, MAN, Glencore Xstra,

LSE:AGM Applied Graphene. Close Mid-Price: 25 Percentage Change: + 0.00% Day High: 25.25 Day Low: 24.5

Weakness on Applied Graphene below 24.5 will invariably lead to 17 with s ……..

Subscribe for more

</p

View Previous Applied Graphene & Big Picture ***

LSE:BT.A British Telecom Close Mid-Price: 141.4 Percentage Change: -2.65% Day High: 143.85 Day Low: 140.9

Target met. In the event British Telecom experiences weakness below 140.9 ……..

Subscribe for more

</p

View Previous British Telecom & Big Picture ***

LSE:CASP Caspian. Close Mid-Price: 4.25 Percentage Change: + 10.39% Day High: 4.6 Day Low: 4

Target met. Continued trades against CASP with a mid-price ABOVE 4.6 shou ……..

Subscribe for more

</p

View Previous Caspian & Big Picture ***

LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 31.5 Percentage Change: + 20.00% Day High: 31.5 Day Low: 26.25

Target met. Further movement against ECO (Atlantic) O & G ABOVE 31.5 shou ……..

Subscribe for more

</p

View Previous ECO (Atlantic) O & G & Big Picture ***

LSE:EME Empyrean. Close Mid-Price: 9 Percentage Change: + 1.12% Day High: 9.15 Day Low: 8.7

Continued trades against EME with a mid-price ABOVE 9.15 should improve t ……..

Subscribe for more

</p

View Previous Empyrean & Big Picture ***

LSE:EMG MAN. Close Mid-Price: 218.2 Percentage Change: + 7.59% Day High: 219.8 Day Low: 212.1

Further movement against MAN ABOVE 220 should improve acceleration toward ……..

Subscribe for more

</p

View Previous MAN & Big Picture ***

LSE:GLEN Glencore Xstra. Close Mid-Price: 372.25 Percentage Change: + 0.34% Day High: 374.95 Day Low: 366.25

Target met. In the event of Glencore Xstra enjoying further trades beyond ……..

Subscribe for more

</p

View Previous Glencore Xstra & Big Picture ***

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

#FTSE #CAC40 We previously reviewed Cellular Goods a couple of weeks ago, the share price taking just 4 sessions to reach our initial target 7p. But then, despite exceeding the 7p level with an early lunge to 8.4p, the price has studiously avoided our secondary of 9.1p. To be honest, we’re not terribly concerned, the company website continuing to show updates with launch dates given. In fairness, exceeding our 7p target and swelling to 8.4p is being regarded as a good thing, ideally a sign of the future.

After all, it’s rare for a price to simply keep moving in a single direction. If that were the case, the market would be no fun, would it?

For now, we suspect the number to watch is around 7.675p, this being the level the share price needs exceed currently to exceed the Blue downtrend on the chart. An event such as this apparently calculates with the potential of further movement to 8.65p next. Our ‘longer term’ secondary is debateable, thanks to an absurd logic we employ in-house. Essentially, if the recent surge to 8.4p was “simply” our 7p target being exceeded, we should now give 10.6p as a viable secondary. However, if the surge to 8.4p indicated the share lacking strength to reach 9.1p, then 9.1p must be regarded as the next target. The scenario is a bit of a head-scratcher but, in the absence of negative news flow, we remain optimistic.

 

As always, there’s another side of the coin. Presently trading around 6.9p, the share needs weaken below 5.8p to give pause for concern  This is not an enjoyable picture, introducing the threat of ongoing weakness to 4.8p and a new low.

 

Yet again, our thanks to those who find adverts on this page fascinating and informative. It buys the coffee

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:14:32PM	BRENT	83.1									‘cess
11:21:38PM	GOLD	1760.43									Success
11:23:11PM	FTSE	7128	7101	7092	7074	7132	7148	7167.5	7204	7101
11:25:07PM	FRANCE	6546	6499	6488	6462	6567	6566	6579	6611	6540	‘cess
11:26:57PM	GERMANY	15142.88
11:29:05PM	US500	4340
11:30:50PM	DOW	34335.8
11:32:33PM	NASDAQ	14618.6

 

12/10/2021 FTSE Closed at 7130 points. Change of -0.22%. Total value traded through LSE was: £ 5,733,075,032 a change of 19.23%

11/10/2021 FTSE Closed at 7146 points. Change of 0.72%. Total value traded through LSE was: £ 4,808,445,394 a change of -16.31%

9/10/2021 FTSE Closed at 7095 points. Change of 0%. Total value traded through LSE was: £ 5,745,415,827 a change of -6.11%

8/10/2021 FTSE Closed at 7095 points. Change of 0.24%. Total value traded through LSE was: £ 6,119,595,465 a change of 8.49%

7/10/2021 FTSE Closed at 7078 points. Change of 1.19%. Total value traded through LSE was: £ 5,640,729,699 a change of -17.12%

6/10/2021 FTSE Closed at 6995 points. Change of -1.16%. Total value traded through LSE was: £ 6,806,025,968 a change of 27.41%

5/10/2021 FTSE Closed at 7077 points. Change of 0.94%. Total value traded through LSE was: £ 5,341,866,967 a change of -12.71%

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:ASC Asos** **LSE:AVCT Avacta** **LSE:CBX Cellular Goods** **LSE:EME Empyrean** **LSE:GLEN Glencore Xstra** **LSE:ITV ITV** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:VOD Vodafone** **LSE:VOG VICTORIA** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Asos, Avacta, Cellular Goods, Empyrean, Glencore Xstra, ITV, Spirax, Serco, Vodafone, VICTORIA, Zoo Digital,

LSE:ASC Asos Close Mid-Price: 2377 Percentage Change: -1.29% Day High: 2423 Day Low: 2266

Continued weakness against ASC taking the price below 2266 calculates as ……..

Subscribe for more

</p

View Previous Asos & Big Picture ***

LSE:AVCT Avacta Close Mid-Price: 107 Percentage Change: -3.60% Day High: 109.5 Day Low: 106

Below 95.3 now looks like a trigger level for danger, allowing weakness to ……..

Subscribe for more

</p

View Previous Avacta & Big Picture ***

LSE:CBX Cellular Goods. Close Mid-Price: 6.88 Percentage Change: + 0.36% Day High: 6.88 Day Low: 6.69

If Cellular Goods experiences continued weakness below 6.69, it will inva ……..

Subscribe for more

</p

View Previous Cellular Goods & Big Picture ***

LSE:EME Empyrean. Close Mid-Price: 8.9 Percentage Change: + 3.49% Day High: 9.05 Day Low: 8.25

In the event of Empyrean enjoying further trades beyond 9.05, the share s ……..

Subscribe for more

</p

View Previous Empyrean & Big Picture ***

LSE:GLEN Glencore Xstra. Close Mid-Price: 371 Percentage Change: + 1.09% Day High: 371.8 Day Low: 360.65

All Glencore Xstra needs are mid-price trades ABOVE 371.8 to improve acce ……..

Subscribe for more

</p

View Previous Glencore Xstra & Big Picture ***

LSE:ITV ITV Close Mid-Price: 102.6 Percentage Change: -1.49% Day High: 103.9 Day Low: 102.6

Continued weakness against ITV taking the price below 102.6 calculates as ……..

Subscribe for more

</p

View Previous ITV & Big Picture ***

LSE:SPX Spirax. Close Mid-Price: 14525 Percentage Change: + 0.55% Day High: 14530 Day Low: 14170

Target met. Weakness on Spirax below 14170 will invariably lead to 13986 ……..

Subscribe for more

</p

View Previous Spirax & Big Picture ***

LSE:SRP Serco Close Mid-Price: 124.5 Percentage Change: -1.43% Day High: 126.5 Day Low: 124.3

Target met. Continued weakness against SRP taking the price below 124.3 c ……..

Subscribe for more

</p

View Previous Serco & Big Picture ***

LSE:VOD Vodafone Close Mid-Price: 111.02 Percentage Change: -0.66% Day High: 111.14 Day Low: 110.1

Target met. Weakness on Vodafone below 110.1 will invariably lead to 108 ……..

Subscribe for more

</p

View Previous Vodafone & Big Picture ***

LSE:VOG VICTORIA. Close Mid-Price: 3.38 Percentage Change: + 3.53% Day High: 3.38 Day Low: 3.21

If VICTORIA experiences continued weakness below 3.21, it will invariably ……..

Subscribe for more

</p

View Previous VICTORIA & Big Picture ***

LSE:ZOO Zoo Digital. Close Mid-Price: 115.5 Percentage Change: + 1.76% Day High: 115.5 Day Low: 111.25

In the event Zoo Digital experiences weakness below 111.25 it calculates ……..

Subscribe for more

</p

View Previous Zoo Digital & Big Picture ***

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

#Gold #SP500 Unsurprisingly, both TUI & Boohoo featured in our email requests. Boohoo, despite online retailers achieving success, currently enjoy a share price just 50% below its high this year. While TUI, desperate to repay the German Govt loans and raising capital, celebrated tourist travel restarting, with a share price 45% below its high of 2021. Neither share presents a pretty picture for the future.

 

As aspect of Tui which is worth paying slight attention to is the little red circle on the chart. When the market opted to gap the share price down, there was a pretty strong suggestion the Red uptrend since the pandemic low of last year was still in charge. This is one of the first things we check, when price manipulation such as this occurs. It’s fairly useful if we’re given a clue as to where a trend actually is as it allows us to extrapolate potential movements. In the case of TUI, the implication is of weakness continuing below 268 threatening reversal to 229 with secondary, if broken, at a hopeful bottom of 211p. In plain English, our suggestion is of the share price still being capable of some relaxation but hopefully bottom shall not be too distant.

Their share needs ascend fairly steeply, needing above 358 to suggest happy days are ahead, this apparently capable of triggering a cycle to 419p. Above this level, we shall prefer ‘running the numbers’ again.

With Boohoo, we’d previously expressed dismay at the online retailer experiencing remarkable success in bucking an upward trend which other online companies have enjoyed. Their Lockdown period recovery started off well. And now, has fallen apart. We find ourselves in the ridiculous position of being forced to mention the lowest we can calculate is 65p. We cannot work out a number below such a dreadful level.

The immediate situation is troubling. When we previously reviewed Boohoo back in July, we proposed a scenario with reversal to 198p, hopeful this would present a “bottom” for the troubled share price. A few days ago, the price cheerfully ignored our calculations and simply kept nudging downward. Presently at 185p, we’re not optimistic for the future as below just 178p suggests ongoing weakness coming to an initial 141p. Normally we’d hope for a rebound at such a level, especially as it virtually matches the pandemic low of March 2020. However, should 141p break, bottom works out at 121p with recovery threatening to be a confused process.

For Boohoo to even regain the immediate downtrend, the share price requires exceed 265p to give hope. In doing so, we can calculate a cycle commencing to 393p eventually.

As ever, our thanks to those who buy us a coffee, every time an advert on this page proves interesting.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:29:36PM	BRENT	83.35									‘cess
9:33:30PM	GOLD	1754.16	1750	1742	1729	1759	1761	1763.5	1768	1754
9:35:46PM	FTSE	7110.14									Success
10:10:57PM	FRANCE	6534									‘cess
10:32:37PM	GERMANY	15130									Success
10:34:36PM	US500	4358	4352	4334	4307	4392	4387	4398	4413	4368	Success
10:37:19PM	DOW	34493.4									Sorry
10:39:02PM	NASDAQ	14701.47									‘cess
10:41:10PM	JAPAN	28456									‘cess

11/10/2021 FTSE Closed at 7146 points. Change of 0.72%. Total value traded through LSE was: £ 4,808,445,394 a change of -16.31%

9/10/2021 FTSE Closed at 7095 points. Change of 0%. Total value traded through LSE was: £ 5,745,415,827 a change of -6.11%

8/10/2021 FTSE Closed at 7095 points. Change of 0.24%. Total value traded through LSE was: £ 6,119,595,465 a change of 8.49%

7/10/2021 FTSE Closed at 7078 points. Change of 1.19%. Total value traded through LSE was: £ 5,640,729,699 a change of -17.12%

6/10/2021 FTSE Closed at 6995 points. Change of -1.16%. Total value traded through LSE was: £ 6,806,025,968 a change of 27.41%

5/10/2021 FTSE Closed at 7077 points. Change of 0.94%. Total value traded through LSE was: £ 5,341,866,967 a change of -12.71%

4/10/2021 FTSE Closed at 7011 points. Change of -0.23%. Total value traded through LSE was: £ 6,119,595,465 a change of -4.22%

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:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BP. BP PLC** **LSE:CNA Centrica** **LSE:IGG IG Group** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:SDY Speedyhire** **LSE:SPX Spirax** **LSE:STAN Standard Chartered** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Asos, Barclays, BALFOUR BEATTY, BP PLC, Centrica, IG Group, National Glib, Natwest, Speedyhire, Spirax, Standard Chartered, Zoo Digital,

LSE:ASC Asos Close Mid-Price: 2408 Percentage Change: -13.41% Day High: 2649 Day Low: 2300

Target met. Weakness on Asos below 2300 will invariably lead to 2212 with ……..

Subscribe for more

</p

View Previous Asos & Big Picture ***

LSE:BARC Barclays. Close Mid-Price: 197.68 Percentage Change: + 1.29% Day High: 198.6 Day Low: 194.54

In the event of Barclays enjoying further trades beyond 198.6, the share ……..

Subscribe for more

</p

View Previous Barclays & Big Picture ***

LSE:BBY BALFOUR BEATTY Close Mid-Price: 265.2 Percentage Change: -0.90% Day High: 274 Day Low: 263.8

Weakness on BALFOUR BEATTY below 263.8 will invariably lead to 258 with s ……..

Subscribe for more

</p

View Previous BALFOUR BEATTY & Big Picture ***

LSE:BP. BP PLC. Close Mid-Price: 360.3 Percentage Change: + 1.91% Day High: 361.5 Day Low: 354.95

Target met. In the event of BP PLC enjoying further trades beyond 361.5, ……..

Subscribe for more

</p

View Previous BP PLC & Big Picture ***

LSE:CNA Centrica. Close Mid-Price: 60.72 Percentage Change: + 1.20% Day High: 61 Day Low: 59.88

Further movement against Centrica ABOVE 61 should improve acceleration to ……..

Subscribe for more

</p

View Previous Centrica & Big Picture ***

LSE:IGG IG Group. Close Mid-Price: 781.5 Percentage Change: + 0.58% Day High: 777.5 Day Low: 769.5

In the event IG Group experiences weakness below 769.5 it calculates with ……..

Subscribe for more

</p

View Previous IG Group & Big Picture ***

LSE:NG. National Glib Close Mid-Price: 886.9 Percentage Change: -0.35% Day High: 891.7 Day Low: 881.1

Continued weakness against NG. taking the price below 881.1 calculates as ……..

Subscribe for more

</p

View Previous National Glib & Big Picture ***

LSE:NWG Natwest. Close Mid-Price: 231 Percentage Change: + 2.12% Day High: 233.9 Day Low: 225

Target met. Further movement against Natwest ABOVE 233.9 should improve a ……..

Subscribe for more

</p

View Previous Natwest & Big Picture ***

LSE:SDY Speedyhire Close Mid-Price: 62 Percentage Change: -0.48% Day High: 63 Day Low: 60.2

Continued weakness against SDY taking the price below 60.2 calculates as ……..

Subscribe for more

</p

View Previous Speedyhire & Big Picture ***

LSE:SPX Spirax Close Mid-Price: 14445 Percentage Change: -0.38% Day High: 14470 Day Low: 14215

Target met. Continued weakness against SPX taking the price below 14215 c ……..

Subscribe for more

</p

View Previous Spirax & Big Picture ***

LSE:STAN Standard Chartered. Close Mid-Price: 491.7 Percentage Change: + 2.27% Day High: 498.1 Day Low: 478.7

Continued trades against STAN with a mid-price ABOVE 498.1 should improve ……..

Subscribe for more

</p

View Previous Standard Chartered & Big Picture ***

LSE:ZOO Zoo Digital Close Mid-Price: 113.5 Percentage Change: -0.87% Day High: 114.5 Day Low: 113.5

Weakness on Zoo Digital below 113.5 will invariably lead to 95p If broken ……..

Subscribe for more

</p

View Previous Zoo Digital & Big Picture ***

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

#Brent #Dax Holes in Emmental cheese are caused by milking cows with hiccups! One of the funnier things about grandchildren is being able to deliver the occasional verbal bomb, utterly unaware when it will go off. Avoiding cliches like; ‘candlestick patterns are real’ or ‘you can rely on moving averages’ is an easy proposition, little girls are simply not interested. What I didn’t know until recently is their mum interrogates them subtly, on their return.

 

Apparently our daughter didn’t find it funny, the day she corrected a ski guide on how mogul fields form on a mountain. Her perfectly logical explanation of rocks deposited in a previous ice age not retaining heat from the sun, whereas warmer ancient volcanic rocks on the same mountainside ensured snow would cover the slope unevenly, creating the mounds of snow much loved by some skiers. I’d given her this explanation when she was around 12 years old and six years later, was able to deliver a ‘fact’ from her pool of incorrect knowledge.

Hopefully the Emmental cheese story survives as it conjures up delicious mental images. After all, a belief in candlestick patterns or moving averages remains a thing, despite a daily plethora of evidence to the contrary!

 

As for Natwest, when we reviewed the share three weeks ago, our criteria suggests above 217p should propel the price to 225p next. This thankfully proved correct but we’ve a slight concern regarding the initial surge to 225p. The first two sessions where this target was achieved (29 & 30th Sept), the share steadfastly refused to actually close at or above 225p, instead opting for 224.6p and 224.9p as the close on the day. In the period since, there has been a slight reversal and now, obviously, the share price has closed above 225p on several occasions. In addition, it’s now flaffing around at the price level prior to the pandemic drop in 2020, this being something we should regard as encouraging, if we use the model of other world markets as an indicator.

Unfortunately, the last week has seen the FTSE remaining remarkably resilient despite other world index’s retreating, making us wonder if some common ground shall be discovered as perhaps world markets heated up too fast, while the FTSE failed to make it out of the deep freeze.

 

For Natwest, the updated picture now suggests strength above 227.5p should next enter a cycle toward 233p next. With closure above 233p, it should prove difficult to avoid a path opening up to 250p sometime in the future. The share price needs CLOSE a session below 219p to scupper our optimism and, to cause outright panic, trade below 208p.

Our thanks to the nice folk who find adverts on this page worthy of checking out. It buys the morning coffee!

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
1:32:34PM	BRENT	82.42	81.73	81.465	80.89	82.5	83.19	83.73	84.4	82.22	Success
1:36:04PM	GOLD	1757									Success
2:14:37PM	FTSE	7096.14
2:19:55PM	FRANCE	6555
2:29:15PM	GERMANY	15188	15177	15141	15098	15224	15258	15276	15309	15177	‘cess
2:32:54PM	US500	4391.77
2:36:16PM	DOW	34744
2:46:52PM	NASDAQ	14820									‘cess
2:49:00PM	JAPAN	28031

8/10/2021 FTSE Closed at 7095 points. Change of 0.24%. Total value traded through LSE was: £ 6,119,595,465 a change of 8.49%

7/10/2021 FTSE Closed at 7078 points. Change of 1.19%. Total value traded through LSE was: £ 5,640,729,699 a change of -17.12%

6/10/2021 FTSE Closed at 6995 points. Change of -1.16%. Total value traded through LSE was: £ 6,806,025,968 a change of 27.41%

5/10/2021 FTSE Closed at 7077 points. Change of 0.94%. Total value traded through LSE was: £ 5,341,866,967 a change of -12.71%

4/10/2021 FTSE Closed at 7011 points. Change of -0.23%. Total value traded through LSE was: £ 6,119,595,465 a change of -4.22%

1/10/2021 FTSE Closed at 7027 points. Change of -0.83%. Total value traded through LSE was: £ 6,388,941,462 a change of -10.36%

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:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CBX Cellular Goods** **LSE:CNA Centrica** **LSE:FOXT Foxtons** **LSE:IGG IG Group** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:TSCO Tesco** **LSE:VOD Vodafone** **

********

Updated charts published on : Barclays, Bowleven, BP PLC, British Telecom, Cellular Goods, Centrica, Foxtons, IG Group, Serco, Standard Chartered, Tesco, Vodafone,

LSE:BARC Barclays. Close Mid-Price: 195.16 Percentage Change: + 0.73% Day High: 195.76 Day Low: 193.38

All Barclays needs are mid-price trades ABOVE 195.76 to improve accelerat ……..

Subscribe for more

</p

View Previous Barclays & Big Picture ***

LSE:BLVN Bowleven. Close Mid-Price: 4.5 Percentage Change: + 5.88% Day High: 4.5 Day Low: 4.38

Continued trades against BLVN with a mid-price ABOVE 4.5 should improve t ……..

Subscribe for more

</p

View Previous Bowleven & Big Picture ***

LSE:BP. BP PLC. Close Mid-Price: 353.55 Percentage Change: + 2.54% Day High: 354.95 Day Low: 346.6

Continued trades against BP. with a mid-price ABOVE 354.95 should improve ……..

Subscribe for more

</p

View Previous BP PLC & Big Picture ***

LSE:BT.A British Telecom. Close Mid-Price: 146.35 Percentage Change: + 0.07% Day High: 146.6 Day Low: 143.65

Continued weakness against BT.A taking the price below 143.65 calculates ……..

Subscribe for more

</p

View Previous British Telecom & Big Picture ***

LSE:CBX Cellular Goods Close Mid-Price: 6.8 Percentage Change: -1.16% Day High: 6.95 Day Low: 6.75

Weakness on Cellular Goods below 6.75 will invariably lead to 6.4 next an ……..

Subscribe for more

</p

View Previous Cellular Goods & Big Picture ***

LSE:CNA Centrica. Close Mid-Price: 60 Percentage Change: + 1.94% Day High: 60.64 Day Low: 59

Continued trades against CNA with a mid-price ABOVE 60.64 should improve ……..

Subscribe for more

</p

View Previous Centrica & Big Picture ***

LSE:FOXT Foxtons Close Mid-Price: 46.05 Percentage Change: -2.54% Day High: 47.15 Day Low: 45.5

If Foxtons experiences continued weakness below 45.5, it will invariably ……..

Subscribe for more

</p

View Previous Foxtons & Big Picture ***

LSE:IGG IG Group Close Mid-Price: 777 Percentage Change: -0.70% Day High: 791.5 Day Low: 772.5

Continued weakness against IGG taking the price below 772.5 calculates as ……..

Subscribe for more

</p

View Previous IG Group & Big Picture ***

LSE:SRP Serco Close Mid-Price: 127.1 Percentage Change: -0.78% Day High: 128.6 Day Low: 126.8

Weakness on Serco below 126.8 will invariably lead to 124.5 with secondar ……..

Subscribe for more

</p

View Previous Serco & Big Picture ***

LSE:STAN Standard Chartered. Close Mid-Price: 480.8 Percentage Change: + 1.86% Day High: 482.5 Day Low: 470.8

All Standard Chartered needs are mid-price trades ABOVE 482.5 to improve ……..

Subscribe for more

</p

View Previous Standard Chartered & Big Picture ***

LSE:TSCO Tesco. Close Mid-Price: 275.6 Percentage Change: + 0.90% Day High: 276.95 Day Low: 272.15

In the event of Tesco enjoying further trades beyond 276.95, the share sh ……..

Subscribe for more

</p

View Previous Tesco & Big Picture ***

LSE:VOD Vodafone Close Mid-Price: 112.1 Percentage Change: -0.30% Day High: 113.04 Day Low: 111.38

If Vodafone experiences continued weakness below 111.38, it will invariab ……..

Subscribe for more

</p

View Previous Vodafone & Big Picture ***

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

#Gold #FTSE

Someone emailed an interesting question; There’s an ongoing effort attempting to make Bitcoin the ‘new Gold’ in terms of perceived value. For time immemorial, Gold has been the favoured place of safety for money. After all, no matter what, there’s still Gold. Suspecting this effort is doomed to failure, the question was simple. Can we identify the level at which ‘the last straw’ breaks for Bitcoin?

 

It’s a fairly understandable stance, one which makes more sense than our own dislike for crypto currency. We don’t like it, simply due to the haphazard nature of the crypto marketplace. From our perspective, too often we see movements which appear leveraged against traders.  The immediate situation for Bitcoin (presently trading around $54,600) using conventional arguments, suggests above US $55,800 should make an attempt at the 60,000 level next. If bettered, there’s a heck of a calculation which gives $70,600 as the potential for a new all time high.

What concerns us, should the trigger level be exceeded, is any path to glory is liable to be paved with a few corpses. Bitcoin, similar to other crypto markets, is perfectly capable of throwing fake movements at traders, these bizarre momentary drops intended to trigger sell orders, prior to a movement up. In fact, the other wizard wheeze of a brief high to trigger buy orders, then equally brief reversal to trigger stop loss levels, isn’t an unknown ploy in the crypto market place.

If we stop grinding our axe, we can perhaps answer the question. Where’s the level where Bitcoin risks becoming a lost cause?

 

Visually, anything now below 29,000 dollars would justify extreme levels of concern. This risks triggering reversal to an initial 23,700 with secondary, if (or when) broken, at a bottom around $4,700. To be fair, when we review recent movements, even below $40,000 will provide strong reasons for a very raised eyebrow.

Gold (COMEX:GC) As for Gold, something a bit odd happened a few sessions ago, a circled movement we’re inclined to suspect is providing early warning for coming trouble. The uptrend since March 2020 broke, the price quickly recovering above the trend as the market was clearly not in the mood for a sharp reversal. However, now below 1,727 dollars calculates as capable of reaching down to 1,695. If broken, our secondary works out with a hopeful bottom at $1,620. At present, Gold is feeling a little fragile.

The Friday FTSE (FTSE:UKX) It’s US ‘Non Farm Payrolls Day’ with an apparent expectation of a fall in jobless numbers around 235,000 people. It all kicks of at 13:30 and with the US markets presently treading on egg shells due to China Evergrande, Covid, energy prices, and a nuclear submarine collision in the South China Sea, things could go horribly wrong quite fast.

However, the UK market has been showing surprising strength, closing Thursday at 7083 points. It now need only exceed 7095 points and we should anticipate a climbing cycle to an initial 7145 points. If bettered, we can calculate a secondary at an impressive 7211 points. As always, beware any triggering movement which occurs in the opening seconds of trade. As it’s Payroll Friday, a curved ball should be expected.

Our converse scenario triggers if London manages below 7035 points. Reversal toward 7018 points looks possible with secondary, if broken, at a hopeful bottom of 6995 points.

Again, our thanks to the kind folk who effectively buy us a coffee, when they discover an advert on this page worth a visit.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:41:19PM	BRENT	82.28	81.35	81.205		82.12	82.3	82.435		81.5	Success
9:43:18PM	GOLD	1756.78	1750	1746		1763	1767	1772		1754
9:45:21PM	FTSE	7085.82	7040	7018		7074	7095	7118		7042	‘cess
9:47:30PM	FRANCE	6586	6543	6533		6592	6616	6629		6574	‘cess
9:54:30PM	GERMANY	15222	15109	15041		15195	15245	15270		15135	Success
9:56:27PM	US500	4400.62	4378	4362		4408	4419	4439.75		4385	Success
10:03:43PM	DOW	34766	34506	34389		34695	34983	35028.5		34670	Success
10:05:32PM	NASDAQ	14907	14871	14809.5		14965	15015	15057.75		14870	Success
10:07:46PM	JAPAN	28046	27616	27525		27840	28137	28560.5		27855	‘cess

 

7/10/2021 FTSE Closed at 7078 points. Change of 1.19%. Total value traded through LSE was: £ 5,640,729,699 a change of -17.12%

6/10/2021 FTSE Closed at 6995 points. Change of -1.16%. Total value traded through LSE was: £ 6,806,025,968 a change of 27.41%

5/10/2021 FTSE Closed at 7077 points. Change of 0.94%. Total value traded through LSE was: £ 5,341,866,967 a change of -12.71%

4/10/2021 FTSE Closed at 7011 points. Change of -0.23%. Total value traded through LSE was: £ 6,119,595,465 a change of -4.22%

1/10/2021 FTSE Closed at 7027 points. Change of -0.83%. Total value traded through LSE was: £ 6,388,941,462 a change of -10.36%

30/09/2021 FTSE Closed at 7086 points. Change of -0.31%. Total value traded through LSE was: £ 7,127,714,126 a change of 20.18%

29/09/2021 FTSE Closed at 7108 points. Change of 1.14%. Total value traded through LSE was: £ 5,930,956,235 a change of -17.13%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:ASC Asos** **LSE:BLOE Block Energy PLC** **LSE:CBX Cellular Goods** **LSE:CNA Centrica** **LSE:HL. Hargreaves Lansdown** **LSE:RR. Rolls Royce** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:TSCO Tesco** **

********

Updated charts published on : AFC Energy, Asos, Block Energy PLC, Cellular Goods, Centrica, Hargreaves Lansdown, Rolls Royce, Serco, Standard Chartered, Tesco,

LSE:AFC AFC Energy Close Mid-Price: 43.8 Percentage Change: -0.45% Day High: 46.85 Day Low: 43.25

If AFC Energy experiences continued weakness below 43.25, it will invaria ……..

Subscribe for more

</p

View Previous AFC Energy & Big Picture ***

LSE:ASC Asos Close Mid-Price: 2796 Percentage Change: -0.21% Day High: 2901 Day Low: 2691

If Asos experiences continued weakness below 2691, it will invariably lea ……..

Subscribe for more

</p

View Previous Asos & Big Picture ***

LSE:BLOE Block Energy PLC Close Mid-Price: 1.7 Percentage Change: -26.09% Day High: 1.95 Day Low: 1.55

Target met. Weakness on Block Energy PLC below 1.55 will invariably lead ……..

Subscribe for more

</p

View Previous Block Energy PLC & Big Picture ***

LSE:CBX Cellular Goods Close Mid-Price: 6.88 Percentage Change: -1.01% Day High: 7.05 Day Low: 6.85

It’s easy to believe the market is simply playing games now with traders, ……..

Subscribe for more

</p

View Previous Cellular Goods & Big Picture ***

LSE:CNA Centrica. Close Mid-Price: 58.86 Percentage Change: + 2.22% Day High: 59.68 Day Low: 58.4

All Centrica needs are mid-price trades ABOVE 59.68 to improve accelerati ……..

Subscribe for more

</p

View Previous Centrica & Big Picture ***

LSE:HL. Hargreaves Lansdown Close Mid-Price: 1399 Percentage Change: -1.13% Day High: 1428 Day Low: 1366.5

Target met. Weakness on Hargreaves Lansdown below 1366.5 will invariably ……..

Subscribe for more

</p

View Previous Hargreaves Lansdown & Big Picture ***

LSE:RR. Rolls Royce. Close Mid-Price: 141.22 Percentage Change: + 0.51% Day High: 143.74 Day Low: 140.38

I’m now inclined to a different attitude against this. From a bigger pictu ……..

Subscribe for more

</p

View Previous Rolls Royce & Big Picture ***

LSE:SRP Serco Close Mid-Price: 128.1 Percentage Change: -1.99% Day High: 132.1 Day Low: 127.3

Target met. In the event Serco experiences weakness below 127.3 it calcul ……..

Subscribe for more

</p

View Previous Serco & Big Picture ***

LSE:STAN Standard Chartered. Close Mid-Price: 472 Percentage Change: + 4.77% Day High: 475.2 Day Low: 454.8

Further movement against Standard Chartered ABOVE 475.2 should improve ac ……..

Subscribe for more

</p

View Previous Standard Chartered & Big Picture ***

LSE:TSCO Tesco. Close Mid-Price: 273.15 Percentage Change: + 1.90% Day High: 274.9 Day Low: 268.65

Further movement against Tesco ABOVE 274.9 should improve acceleration to ……..

Subscribe for more

</p

View Previous Tesco & Big Picture ***

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