#Brent #Nasdaq With Christmas nearly upon us, my wife spent quite a few hours assembling, illuminating, and decorating an 8 foot Xmas tree. The finished creation looks fantastic from two angles but, from the kitchen door, it’s strangely reminiscent of “The Sorting Hat” from the Harry Potter franchise. The issue, distortion of the core, probably due to it spending the last year under a pile of bags. My offer to fix it, using a six foot length of steel tube, tied to the trunk with cable ties, was refused as she’s decided “quirky” is actually quite nice. And anyway, no one will notice it unless they sit in my seat, go into the kitchen, or sit at the dining table. Personally I think she’s spent too much time trying to make sense of Lloyds vague share price movements! Our domestic conversations are often fascinating…
Similar to our Xmas tree, Lloyds share price is misbehaving on a massive scale (from our perspective). When we previously reviewed the share, we expressed a longing for the share price to close above 57.2p but unfortunately the highest closing price achieved has been 56.48p, along with the best intraday price being just 57.06p. All things considered, it’s not a great situation, especially as the share price has now broken below Red on the chart, the uptrend since February of this year.
Interestingly, the trend-break level was at 53.4p but, by some sort of miracle, the share has closed at 53.7 since, thus allegedly making the trend break a fake – according to our rules. However, if we adhere to our other rules, the situation now should suggest weakness below 52.5p should promote reversal to an initial 51p with our secondary, if broken, at a very, very, probable bottom by 49p. Movements since July of this year we indicating 49p as a potential bottom target, this calculation remaining correct with reversals in October and again, the recent plunge below Red.
Perhaps this shall prove correct, making it worthwhile keeping an eye on this share as the market is indicating a reasonable chance for a bounce at 49p. Be warned, closing below such a target level would be a bad thing as we can advance 45.7p as a potential third level target. Reaching such a level would effectively undo all the work of 2024, indicates next year shall kick off at virtually the same level of this year.
Returning to our comment above about Lloyds marginally exceeding the trend break level, perhaps we should attempt to concentrate on “what if”, just in case the market is playing games.
Currently, closure above Red at 54p shall be treated as important, calculating with the potential of recovery to an initial 57.6 with our secondary, if bettered, working out at 61.5p. Neither ambition is particularly spectacular, dumping the share price into a zone where proper future growth becomes difficult and once again indicating the risk of the market spending time teasing traders until some sort of game changing reason for share price growth comes along. Unsurprisingly, the Retail Banking sector has left us disappointed with movements during 2024.
FUTURES
FUTURES
Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
10:40:15PM | BRENT | 7112.6 | 7093 | 7021 | 6885 | 7166 | 7302 | 7391 | 7493 | 7180 |
10:43:57PM | GOLD | 2637.97 | 2648 | |||||||
10:47:18PM | FTSE | 8312.5 | 8320 | |||||||
10:50:17PM | STOX50 | 4973.5 | 4933 | |||||||
10:54:32PM | GERMANY | 20415.5 | 20365 | |||||||
11:00:56PM | US500 | 6091.2 | 6081 | |||||||
11:03:40PM | DOW | 44644 | 44624 | |||||||
11:11:08PM | NASDAQ | 21612.9 | 21382 | 21298 | 21187 | 21464 | 21631 | 21681 | 22147 | 21528 |
11:14:14PM | JAPAN | 39199 | 39190 |
6/12/2024 FTSE Closed at 8308 points. Change of -0.49%. Total value traded through LSE was: £ 4,647,469,843 a change of -11.07%
5/12/2024 FTSE Closed at 8349 points. Change of 0.17%. Total value traded through LSE was: £ 5,225,818,106 a change of -2.92%
4/12/2024 FTSE Closed at 8335 points. Change of -0.29%. Total value traded through LSE was: £ 5,383,163,281 a change of 3.03%
3/12/2024 FTSE Closed at 8359 points. Change of 0.57%. Total value traded through LSE was: £ 5,224,934,773 a change of 21.03%
2/12/2024 FTSE Closed at 8312 points. Change of 0.3%. Total value traded through LSE was: £ 4,317,215,202 a change of -3.75%
29/11/2024 FTSE Closed at 8287 points. Change of 0.07%. Total value traded through LSE was: £ 4,485,252,544 a change of 30.02%
28/11/2024 FTSE Closed at 8281 points. Change of 0.08%. Total value traded through LSE was: £ 3,449,559,431 a change of -33.99%
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:EZJ EasyJet** **LSE:GENL Genel** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:JET Just Eat** **LSE:MMAG Music Magpie** **LSE:NWG Natwest** **
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Updated charts published on : Barclays, EasyJet, Genel, HSBC, British Airways, Just Eat, Music Magpie, Natwest,
LSE:BARC Barclays Close Mid-Price: 264.8 Percentage Change: -1.03% Day High: 269.45 Day Low: 264.25
Target met. Continued trades against BARC with a mid-price ABOVE 269.45 s ……..
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View Previous Barclays & Big Picture ***
LSE:EZJ EasyJet Close Mid-Price: 574.4 Percentage Change: -0.24% Day High: 578.6 Day Low: 568.2
In the event of EasyJet enjoying further trades beyond 578.6, the share s ……..
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View Previous EasyJet & Big Picture ***
LSE:GENL Genel Close Mid-Price: 65.3 Percentage Change: -3.69% Day High: 68.4 Day Low: 64.9
All Genel needs are mid-price trades ABOVE 68.4 to improve acceleration t ……..
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View Previous Genel & Big Picture ***
LSE:HSBA HSBC Close Mid-Price: 743.6 Percentage Change: -1.02% Day High: 752 Day Low: 742.1
Further movement against HSBC ABOVE 752 should improve acceleration towar ……..
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View Previous HSBC & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 283.3 Percentage Change: + 0.14% Day High: 285.4 Day Low: 281.9
Target met. Further movement against British Airways ABOVE 285.4 should ……..
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View Previous British Airways & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 1374 Percentage Change: + 4.57% Day High: 1376 Day Low: 1306
Target met. Continued trades against JET with a mid-price ABOVE 1376 shou ……..
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View Previous Just Eat & Big Picture ***
LSE:MMAG Music Magpie. Close Mid-Price: 8.95 Percentage Change: + 0.00% Day High: 9.41 Day Low: 8.95
Continued trades against MMAG with a mid-price ABOVE 9.41 should improve ……..
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View Previous Music Magpie & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 413.9 Percentage Change: + 0.34% Day High: 418.6 Day Low: 412.8
Further movement against Natwest ABOVE 418.6 should improve acceleration ……..
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View Previous Natwest & Big Picture ***