Trends And Targets

#FreeFridayFutures There’s something quite curious happening with the major US indices. The S&P 500 recently achieved logical high levels, one of these points in time where we tend suspect some volatility will be required, prior to a future lift. Wall St, on the other hand, has not yet achieved the level we’d expect the markets to throw a bit of a wobble and it’s creating a pretty vague situation.

Our problem is simple. We calculated 4,265 as a level where some hesitation was expected on the S&P, the index essentially fluttering a few points below this level for the last month. Currently the market exhibits no signs of impending disaster, just a rigid refusal to actually climb higher. On the other hand, Wall St, still has a fair bit of climbing to match the current strength of the S&P, needing to reach a stonking 36,063 points.

The question is fairly simple. Will Wall St discover sufficient oomph for a further 1,000 point gain while the S&P continues to waffle around? Or will the S&P achieve some slight gains, should Wall St start to power upward. We’ve decided to set above 4,265 as a major trigger event for the S&P. Above this level looks capable of a lift to 4,333 points initially with secondary, if exceeded, calculating at 4,586 along with some very possible hesitation.

Wall St, conversely, needs above a trigger of 35,290 to suggest impending growth coming to an initial 36,063 points. If bettered (and cannot believe we’re writing this), our secondary works out at an impossible sounding 37,139 points. Similar to the S&P, we anticipate some market volatility should such a level appear.

The charts below highlight the brutal strength of the two US indices since the crash of 2009. Had the two markets moved in sympathy with the UK market, the highest they would have achieved by now would by 17,000 points for Wall St and 2,100 points for the S&P. Instead, for every step upward in the UK, the two primary US markets have taken 2 steps, a quite dreadful situation given the FTSE and the DOW JONES were regarded as joined at the hip until the financial crash of 2009.

As for our FTSE for FRIDAY, despite the UK market (and others) appears to take a “watch and wait” stance since the start of May, we keep feeling slight touches of optimism, a bit like seeing green shoots between paving slabs, a few days prior to a bunch of weeds suddenly surging upward. It begs the question, who’s got the weed killer for the FTSE to crush hope?

 

Will it be Covid-19, Boris, space aliens, or the ongoing Brexit shambles?

 

At time of writing, the FTSE is trading around 7,090 points and only requires exceed 7,122 as this will apparently trigger a surge in the direction of 7,153 points. If bettered, we’d hope to see our secondary calculation of 7,262 pretty fast thereafter. Or at least, in normal times we would. As the chart below displays with boring clarity, the FTSE continues to pole dance along the Red uptrend, a line which dates back to the lows of 2009 and the market crash. Those folk of a nervous disposition will doubtless only be convinced any upward break is real, if the FTSE finds an excuse to better its prior high of 7,164 points, achieved last month on May 10th.

 

Our converse scenario for the FTSE suggests the index needs trade below 7,040 points to justify some near term concern. This is liable to trigger reversals to an initial 6,971 points. If broken, our secondary calculates at 6,906 and the visuals hint at a bounce, should such a level make an appearance.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:19:38PM	BRENT	72.26	71.13	70.6		72.12	72.7	73.35		71.85	Success
9:22:30PM	GOLD	1898.3	1883	1879		1893	1899	1905		1886	Success
9:29:03PM	FTSE	7085.54	7068	7053.5		7098	7118	7134		7074	‘cess
9:57:06PM	FRANCE	6550	6532	6517.5		6562	6570	6580		6540
9:58:38PM	GERMANY	15586	15512	15467.5		15596	15640	15670.5		15547
10:00:31PM	US500	4239	4212	4204		4226	4245	4252		4224	Success
10:05:12PM	DOW	34472	34396	34295.5		34534	34660	34786		34500	Success
10:07:18PM	NASDAQ	13973	13810	13749		13944	13974	14001		13807	Success
10:09:06PM	JAPAN	28949	28858	28783		29050	29135	29187		28935	Success

10/06/2021 FTSE Closed at 7088 points. Change of 0.1%. Total value traded through LSE was: £ 4,968,352,767 a change of 1.13%

9/06/2021 FTSE Closed at 7081 points. Change of -0.2%. Total value traded through LSE was: £ 4,913,059,029 a change of 3.4%

8/06/2021 FTSE Closed at 7095 points. Change of 0.25%. Total value traded through LSE was: £ 4,751,728,118 a change of 8.88%

7/06/2021 FTSE Closed at 7077 points. Change of 0.11%. Total value traded through LSE was: £ 4,364,121,178 a change of 7.1%

4/06/2021 FTSE Closed at 7069 points. Change of 0.07%. Total value traded through LSE was: £ 4,074,732,159 a change of -14.11%

3/06/2021 FTSE Closed at 7064 points. Change of -0.62%. Total value traded through LSE was: £ 4,744,036,832 a change of -6.04%

2/06/2021 FTSE Closed at 7108 points. Change of -100%. Total value traded through LSE was: £ 5,048,977,038 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AGM Applied Graphene** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:DGE Diageo** **LSE:EMG MAN** **LSE:HL. Hargreaves Lansdown** **LSE:SDY Speedyhire** **LSE:SPX Spirax** **LSE:TW. Taylor Wimpey** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Applied Graphene, British Telecom, Carclo, Diageo, MAN, Hargreaves Lansdown, Speedyhire, Spirax, Taylor Wimpey, Zoo Digital,

LSE:AGM Applied Graphene Close Mid-Price: 29 Percentage Change: -3.33% Day High: 29 Day Low: 27.5

In the event Applied Graphene experiences weakness below 27.5 it calculat ……..

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LSE:BT.A British Telecom. Close Mid-Price: 195.15 Percentage Change: + 6.55% Day High: 198.15 Day Low: 184.5

Target met. Further movement against British Telecom ABOVE 198.15 should ……..

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LSE:CAR Carclo Close Mid-Price: 53 Percentage Change: -8.62% Day High: 56 Day Low: 51.8

Weakness on Carclo below 51.8 will invariably lead to 40p. Secondary is a ……..

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LSE:DGE Diageo Close Mid-Price: 3457 Percentage Change: -0.09% Day High: 3472.5 Day Low: 3435.5

Target met. Further movement against Diageo ABOVE 3472.5 should improve a ……..

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LSE:EMG MAN. Close Mid-Price: 181.25 Percentage Change: + 0.11% Day High: 183.7 Day Low: 177.5

In the event of MAN enjoying further trades beyond 183.7, the share shoul ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 1620 Percentage Change: -1.43% Day High: 1645 Day Low: 1592.5

In the event Hargreaves Lansdown experiences weakness below 1592.5 it cal ……..

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LSE:SDY Speedyhire. Close Mid-Price: 71.7 Percentage Change: + 0.00% Day High: 72.4 Day Low: 71.6

The situation now is of movement below 66p ringing alarm bells as this ris ……..

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LSE:SPX Spirax. Close Mid-Price: 13030 Percentage Change: + 0.04% Day High: 13135 Day Low: 12990

Further movement against Spirax ABOVE 13135 should improve acceleration t ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 163.45 Percentage Change: -2.24% Day High: 168.05 Day Low: 163.5

Continued weakness against TW. taking the price below 163.5 calculates as ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 148.5 Percentage Change: -0.67% Day High: 153.5 Day Low: 148

Target met. In the event of Zoo Digital enjoying further trades beyond 15 ……..

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

#Brent #SP500 It wasn’t difficult to find inspiration for tonight’s headline article. After driving a neighbour* 9 miles to the ferry terminal at 8am, the need to buy milk ensured a stop at a local village shop, a tiny little store with a post-office, selling groceries, fishing tackle, newspapers, welly boots, and booze. It even boasts parking spaces for 2 cars, both mercifully empty, and I pulled in. While paying for the milk, there was the sound of air-brakes outside as a fuel tanker double parked, blocking my exit.

*(Calling a taxi isn’t an option in the remote highlands. Their meters move faster than Bitcoin, when it reverses.)

As I left the shop, the tanker driver entered with a ‘just be a minute’ as he walked past.

His word proved good, he quickly appeared with a newspaper and soft drink. I started my engine, looking forward to my usual scan of the markets at the open while I try and figure out what the markets intend, prior to publishing our popular “Live Market” report sometime around 9.30am. The truck started its engine, lurched forward quite dramatically, the cab seemed to jump up a bit, and the air-brakes make an incredible noise. Then everything went quiet.

Long story short, it seems HGV’s have some sort of system to lock the brakes when parked and this HGV was refusing to disengage the mechanism. In front of me, a red post box ensured I couldn’t bump onto the pavement. To the rear, the parking area was lined with concrete bollards, so my car was trapped. When the driver finished his phone calls, he advised it would take some time for a repair crew to come across from the mainland. Making matters worse, my own mobile phone was on charge, beside my keyboard on my desk. My wallet was in my waxed cotton jacket, hanging on the back of my chair. I’d grabbed spare change from the car ashtray to buy the milk.

As I was now only around 4 miles from home, a brisk walk was ahead, smug in the knowledge I was in the highlands and we help each other. Invariably, someone would stop and ask if I wanted a lift. Unfortunately, this sort of thing only happens when you don’t need a lift. Cars driving past at 60mph, now in light rain, the concept of walking was feeling increasingly stupid. The final insult came just as my house came into view, my wife finally noticing I wasn’t around and exiting the driveway to search for me. She’d noticed my abandoned mobile phone and put two and two together. By now, I was utterly soaked, had forgotten to pick up the milk from the car, and was substantially late with publication of our futures report.

About the only bright thing from the exercise was the tanker. Tonight, I was going to write about a petrol company and there was a fair chance I would be quite spiteful.

 

For BP Plc, it’s always worth remembering the thick Red line on the chart. While we’d like to ridicule a trend line 30 years old, share price movements tend suggest the market is perfectly aware of this splash of colour on the chart. It creates a trading environment where the share price ‘Ultimate Bottom’ computes down at 29p and thanks to this calculation, share price drops can easily outperform with some dreadful amateur dramatics.

Our inclination is to believe the market shall become aware of this danger, hopefully opting to enact some panic recovery as is so often the case with such things. Given the current boost to Crude Oil prices, surely it’s about time oiler share prices started to enjoy the benefits of increased sale values too. With this in mind, something about recent share price movements is worth a glance. Despite our expectation of being negative on future prospects, BP has built itself a little glass ceiling in the last year at 324p and we notice today, 9th May, the share price finally closed a session above this level at 324.75p. While perhaps not the most significant of movements, we’re always inclined to optimism when a share is permitted to break a glass ceiling.

In the case of BP, as the chart below highlights, it’s perhaps an early warning for some proper price action.

Finally, we reach the part of the story where we must run some calculations for the long term. If the price movement on 9th May was indeed an early warning for happier times, we need explore whether recovery above the long term Red uptrend is a viable ambition. Equally, should we anticipate action which reflects the immediate Blue downtrend since 2019?

It appears the answer to both questions should be “Yes”.

Near term trades bettering just 330p should make recovery difficult to restrain as we’re calculating the potential of movement to an initial 369p. As shown below, this will marginally take the price above Red on the chart and into a zone of illusory safety. We’d hope our initial calculation would be exceeded with this scenario, making our longer term secondary target of 430p an extremely viable ambition. Movement beyond such a level starts to produce some surprising targets, the first of which works out at 516p and challenging the price highs prior to the pandemic hitting the fan.

Finally, there is an aspect of BP’s dance steps over the last 18 months which is worthy of additional consideration.

We’ve drawn a pretty circle on the chart below. Our idea of perfection would come, if the market somehow found sufficient excuse to “Gap Up” the share price at some point soon. This will create a “GapDown/GapUp” picture, a game plan which should make BP a perfect candidate for a hold, just to see how high the price intends go. It’s a thought!

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:42:26PM	BRENT	71.88	71.6	71.47	71.06	72.3	72.7	72.885	73.66	71.75	‘cess
10:45:06PM	GOLD	1888.8
10:50:56PM	FTSE	7083.97									‘cess
10:52:52PM	FRANCE	6564.9									Shambles
10:56:09PM	GERMANY	15583.61									Success
10:57:46PM	US500	4222.72	4219	4215	4208	4232	4236	4245	4258	4224
11:01:16PM	DOW	34479.2									‘cess
11:03:28PM	NASDAQ	13821
11:05:22PM	JAPAN	28850									Success

 

9/06/2021 FTSE Closed at 7081 points. Change of -0.2%. Total value traded through LSE was: £ 4,913,059,029 a change of 3.4%

8/06/2021 FTSE Closed at 7095 points. Change of 0.25%. Total value traded through LSE was: £ 4,751,728,118 a change of 8.88%

7/06/2021 FTSE Closed at 7077 points. Change of 0.11%. Total value traded through LSE was: £ 4,364,121,178 a change of 7.1%

4/06/2021 FTSE Closed at 7069 points. Change of 0.07%. Total value traded through LSE was: £ 4,074,732,159 a change of -14.11%

3/06/2021 FTSE Closed at 7064 points. Change of -0.62%. Total value traded through LSE was: £ 4,744,036,832 a change of -6.04%

2/06/2021 FTSE Closed at 7108 points. Change of 0.4%. Total value traded through LSE was: £ 5,048,977,038 a change of -2.93%

1/06/2021 FTSE Closed at 7080 points. Change of -100%. Total value traded through LSE was: £ 5,201,214,939 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BLOE Block Energy PLC** **LSE:BP. BP PLC** **LSE:CCL Carnival** **LSE:DGE Diageo** **LSE:FOXT Foxtons** **LSE:IHG Intercontinental Hotels Group** **LSE:ODX Omega Diags** **LSE:RR. Rolls Royce** **LSE:TW. Taylor Wimpey** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Block Energy PLC, BP PLC, Carnival, Diageo, Foxtons, Intercontinental Hotels Group, Omega Diags, Rolls Royce, Taylor Wimpey, Zoo Digital,

LSE:BLOE Block Energy PLC. Close Mid-Price: 2.9 Percentage Change: + 13.73% Day High: 3.2 Day Low: 2.55

Target met. Further movement against Block Energy PLC ABOVE 3.2 should im ……..

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LSE:BP. BP PLC. Close Mid-Price: 324.75 Percentage Change: + 0.48% Day High: 326.45 Day Low: 320.7

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LSE:CCL Carnival. Close Mid-Price: 1865.4 Percentage Change: + 0.76% Day High: 1890.2 Day Low: 1853.4

All Carnival needs are mid-price trades ABOVE 1890.2 to improve accelerat ……..

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LSE:DGE Diageo. Close Mid-Price: 3460 Percentage Change: + 1.30% Day High: 3462.5 Day Low: 3399

Continued trades against DGE with a mid-price ABOVE 3462.5 should improve ……..

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LSE:FOXT Foxtons Close Mid-Price: 58 Percentage Change: -1.02% Day High: 60.9 Day Low: 56.6

If Foxtons experiences continued weakness below 56.6, it will invariably ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5210 Percentage Change: + 0.85% Day High: 5254 Day Low: 5150

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LSE:ODX Omega Diags Close Mid-Price: 59 Percentage Change: -3.28% Day High: 61 Day Low: 58.5

If Omega Diags experiences continued weakness below 58.5, it will invaria ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 112.56 Percentage Change: + 1.04% Day High: 113.14 Day Low: 110.32

All Rolls Royce needs are mid-price trades ABOVE 113.14 to improve accele ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 167.2 Percentage Change: -1.68% Day High: 170.15 Day Low: 165.75

Weakness on Taylor Wimpey below 165.75 will invariably lead to 159 with s ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 149.5 Percentage Change: + 5.65% Day High: 149.5 Day Low: 141.5

Target met. All Zoo Digital needs are mid-price trades ABOVE 149.5 to imp ……..

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

#FTSE #Nasdaq One thing the clever people making tests forget is the 30 minutes spent in the car afterward, waiting for results while your eyes are watering and your throat is gagging. A weekly visit to an elderly relative in a nursing home has resulted in a game of “things to do while awaiting the all clear to enter”. The car has never had such a clean dashboard, spotless windows, even vacuuming the interior while awaiting for Covid-19 test results, a requirement before entering the building.

But I remain uncertain whether I will ever get used to intrusion so far up the nostrils, or poking around in the throat. But at least the 30 minute delay allows some productive time in the car park!

 

There seems considerable discussion as to what type of Covid-19 test is best and today, once my eyes stopped watering, took some time to review recent reports relative to Avacta. Glancing at some of their scientific information, only two numbers immediately stood out. Firstly, it appears the waiting time for results may be reduced to 20 minutes and secondly, a comment of a 99%/100% success rate in diagnosis for their latest product, recently granted medical approval. Personally, I’m not interested in the difference between testing and while it’s tempting to throw terms like “PCR” or “lateral flow test” into the sentence, my layman interest only wants the test to be accurate and avoid false positives (and false negatives).

 

When we reviewed Avacta last September, we teased with a chart showing 291p and a mention it was a region with substantial longer term gains. It took until April this year for the price to top out at 290p, cheerfully close to our target level and a number capable of creating considerable optimism again for the future. Alas, while sitting in the nursing home car park today, time was also take to glance at internet chatrooms to get a feel for what private investors are thinking.

One person what writing about the potential of the price heading to £40, another was promising £10 by Xmas. Thankfully, the majority of posters were embracing sanity while forgetting the 100:1 share split back in 2016 means a few long term holders will need this share to reach above £50, just to break even. When we adjust the share price to accommodate this history, it’s certainly the case a miracle is arithmetically possible. Strangely, the price does not require much work to give early signs for happy days.

The immediate situation is pretty straightforward. Presently trading around 238p, the share price now needs better 290p to enter a cycle where further growth toward 314p calculates as very possible. Should the 314p level be exceeded, we can supply 388p as a pretty impressive longer term ambition. At this level, the share split 100:1 risks effecting everything as our software, rather exhuberantly, projects the next target level at an insane looking 1,338p. Except, it’s not insane when historical share prices are adjusted to cope with the share split.

 

As always, we can paint an alternate scenario and for Avacta, the share price needs below 176p to trigger alarm. Such a severe dip currently threatens reversal to an initial 137p with secondary, when broken, at a bottom of 86p and hopefully a bounce. Currently there are no warning signs suggesting this is probable.

Yet again, our thanks to the folk who find adverts 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
10:11:39PM	BRENT	72									Shambles
10:13:19PM	GOLD	1893.14
10:15:18PM	FTSE	7102	7070	7060.5	7040	7112	7122	7142	7185	7091	‘cess
10:17:10PM	FRANCE	6567									‘cess
10:19:11PM	GERMANY	15663
10:21:03PM	US500	4225.92									‘cess
10:23:17PM	DOW	34597									‘cess
10:26:35PM	NASDAQ	13812	13741	13720	13652	13836	13923	13968	14112	13712	‘cess
10:29:36PM	JAPAN	28961

 

8/06/2021 FTSE Closed at 7095 points. Change of 0.25%. Total value traded through LSE was: £ 4,751,728,118 a change of 8.88%

7/06/2021 FTSE Closed at 7077 points. Change of 0.11%. Total value traded through LSE was: £ 4,364,121,178 a change of 7.1%

4/06/2021 FTSE Closed at 7069 points. Change of 0.07%. Total value traded through LSE was: £ 4,074,732,159 a change of -14.11%

3/06/2021 FTSE Closed at 7064 points. Change of -0.62%. Total value traded through LSE was: £ 4,744,036,832 a change of -6.04%

2/06/2021 FTSE Closed at 7108 points. Change of 0.4%. Total value traded through LSE was: £ 5,048,977,038 a change of -2.93%

1/06/2021 FTSE Closed at 7080 points. Change of 0.83%. Total value traded through LSE was: £ 5,201,214,939 a change of -13.74%

28/05/2021 FTSE Closed at 7022 points. Change of -100%. Total value traded through LSE was: £ 6,029,889,894 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:AV. Aviva** **LSE:BT.A British Telecom** **LSE:DDDD 4D Pharma** **LSE:EMG MAN** **LSE:IHG Intercontinental Hotels Group** **LSE:ITV ITV** **LSE:OPG OPG Power Ventures** **LSE:RMG Royal Mail** **LSE:SPX Spirax** **LSE:ZOL Zoldav** **

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Updated charts published on : Aston Martin, Aviva, British Telecom, 4D Pharma, MAN, Intercontinental Hotels Group, ITV, OPG Power Ventures, Royal Mail, Spirax, Zoldav,

LSE:AML Aston Martin Close Mid-Price: 2162 Percentage Change: -1.77% Day High: 2262 Day Low: 2156

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LSE:AV. Aviva. Close Mid-Price: 421.8 Percentage Change: + 2.70% Day High: 426.4 Day Low: 413.8

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LSE:BT.A British Telecom. Close Mid-Price: 185.75 Percentage Change: + 1.23% Day High: 187.1 Day Low: 183.25

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LSE:DDDD 4D Pharma Close Mid-Price: 88.8 Percentage Change: -2.09% Day High: 91.1 Day Low: 88

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LSE:EMG MAN. Close Mid-Price: 181.1 Percentage Change: + 1.31% Day High: 181.5 Day Low: 178.15

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5166 Percentage Change: + 3.86% Day High: 5208 Day Low: 4965

Continued trades against IHG with a mid-price ABOVE 5208 should improve t ……..

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LSE:ITV ITV. Close Mid-Price: 132.5 Percentage Change: + 0.80% Day High: 132.55 Day Low: 129.85

In the event of ITV enjoying further trades beyond 132.55, the share shou ……..

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LSE:OPG OPG Power Ventures Close Mid-Price: 15.25 Percentage Change: -1.61% Day High: 15.5 Day Low: 15.25

Weakness on OPG Power Ventures below 15.25 will invariably lead to 14p. I ……..

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LSE:RMG Royal Mail. Close Mid-Price: 606.4 Percentage Change: + 1.17% Day High: 606.2 Day Low: 597.6

There are two solid reasons to suspect some hesitation around the current ……..

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LSE:SPX Spirax. Close Mid-Price: 13030 Percentage Change: + 1.28% Day High: 13085 Day Low: 12850

Continued trades against SPX with a mid-price ABOVE 13085 should improve ……..

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LSE:ZOL Zoldav Close Mid-Price: 22.5 Percentage Change: -11.76% Day High: 25.5 Day Low: 22.5

Target met. Weakness on Zoldav below 22.5 will invariably lead to 14 with ……..

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

#Gold #Dax_Futures Webis Holdings owns subsidiaries which trade in the gaming and technology sectors, operating from Isle of Man and the USA. We’ve been just a little curious as to their prospects, due to worldwide lockdowns effectively trashing their ability to offer wagers on a large number of racetracks globally. Given the change in USA facilities for sports betting gradually expanding as each state enacts new legislation, allowing the country to effectively catch up with the UK by betting via Mobile Apps and Desktop. Doubtless they shall also offer an awful onslaught of dire television adverts for the new services.

Our curiosity is pretty basic, wondering if the company shall indeed take advantage of the change in US regulations, especially as New York and California go through the process of licensing.

To be blunt, we suspect the US tax authorities took quite a hit from loss of gambling income and desperately are encouraging individual states to seek additional income streams from gambling duties and taxes, available from online betting. Long story short, our belief is it shall doubtless be worth taking a hard look at what Webis have planned as the company are a long established player in the betting field. Unfortunately, there’s an immediate requirement for Webis to enjoy a bit of positive news, something which will a particular threat to their share price presently making itself apparent.

 

Our immediate scenario suggests the following. Price movement below 3.9p (aka the current share price) risks promoting share reversal toward an initial 2.7p. If broken, our longer term secondary calculates down at 1.4p and we’d hope for a bounce should such a level make an appearance.

 

We’ve a pretty solid reason to hope for some sort of bounce from the current 3.9p level but unfortunately, the share needs some substantial movement just to give the first clue any rebound has integrity. Apparently, above 5.3p should bring movement to an initial 5.75p which, if exceeded, ticks the first box for hope for the future. Our secondary computes at 6.8p but importantly, given the circled area on the chart from earlier this year, it will be reasonable to anticipate such ambition being ignored as the share could simply power on upward toward 8.9p.

Above such a level and we shall need take a further look into the crystal ball for the longer term. It’s a bit of an oddball share and hopefully someone finds it of interest. And if they don’t, do check the adverts on this page as one of them may be useful (It pays for our coffee!)

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:44:52PM	BRENT	71.43
9:49:30PM	GOLD	1899.97	1880	1865	1848	1892	1900	1916.5	1937	1880
9:53:26PM	FTSE	7083.88
9:55:40PM	FRANCE	6551.9									‘cess
10:06:47PM	GERMANY	15704	15655	15622	15585	15711	15732	15753	15801	15659
10:08:40PM	US500	4228
10:10:34PM	DOW	34642									‘cess
10:12:35PM	NASDAQ	13825									‘cess
10:14:08PM	JAPAN	29136

7/06/2021 FTSE Closed at 7077 points. Change of 0.11%. Total value traded through LSE was: £ 4,364,121,178 a change of 7.1%

4/06/2021 FTSE Closed at 7069 points. Change of 0.07%. Total value traded through LSE was: £ 4,074,732,159 a change of -14.11%

3/06/2021 FTSE Closed at 7064 points. Change of -0.62%. Total value traded through LSE was: £ 4,744,036,832 a change of -6.04%

2/06/2021 FTSE Closed at 7108 points. Change of 0.4%. Total value traded through LSE was: £ 5,048,977,038 a change of -2.93%

1/06/2021 FTSE Closed at 7080 points. Change of 0.83%. Total value traded through LSE was: £ 5,201,214,939 a change of -13.74%

28/05/2021 FTSE Closed at 7022 points. Change of 0.04%. Total value traded through LSE was: £ 6,029,889,894 a change of -45.96%

27/05/2021 FTSE Closed at 7019 points. Change of -100%. Total value traded through LSE was: £ 11,159,138,786 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BT.A British Telecom** **LSE:CCL Carnival** **LSE:DDDD 4D Pharma** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:NWG Natwest** **LSE:ODX Omega Diags** **LSE:OPG OPG Power Ventures** **LSE:QFI Quadrise** **LSE:RKH Rockhopper** **LSE:RMG Royal Mail** **LSE:SPX Spirax** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Aston Martin, Barclays, BALFOUR BEATTY, British Telecom, Carnival, 4D Pharma, EasyJet, Firstgroup, Natwest, Omega Diags, OPG Power Ventures, Quadrise, Rockhopper, Royal Mail, Spirax, Zoo Digital,

LSE:AML Aston Martin. Close Mid-Price: 2201 Percentage Change: + 2.23% Day High: 2230 Day Low: 2114

All Aston Martin needs are mid-price trades ABOVE 2230 to improve acceler ……..

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LSE:BARC Barclays. Close Mid-Price: 186.98 Percentage Change: + 1.64% Day High: 188.02 Day Low: 184.02

Further movement against Barclays ABOVE 188.02 should improve acceleratio ……..

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 305.8 Percentage Change: + 0.20% Day High: 307.4 Day Low: 298.2

Weakness on BALFOUR BEATTY below 298.2 will invariably lead to 293 with s ……..

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LSE:BT.A British Telecom. Close Mid-Price: 183.5 Percentage Change: + 3.67% Day High: 184.6 Day Low: 177.85

Target met. All British Telecom needs are mid-price trades ABOVE 184.6 to ……..

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LSE:CCL Carnival. Close Mid-Price: 1862.4 Percentage Change: + 1.92% Day High: 1873.4 Day Low: 1813

In the event of Carnival enjoying further trades beyond 1873.4, the share ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 90.7 Percentage Change: -1.41% Day High: 93.1 Day Low: 89

Weakness on 4D Pharma below 89 will invariably lead to 79 with secondary ……..

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LSE:EZJ EasyJet. Close Mid-Price: 963.2 Percentage Change: + 3.13% Day High: 965.6 Day Low: 925.6

Continued weakness against EZJ taking the price below 925.6 calculates as ……..

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LSE:FGP Firstgroup Close Mid-Price: 81.75 Percentage Change: -0.30% Day High: 82.75 Day Low: 78

In the event Firstgroup experiences weakness below 78 it calculates with ……..

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LSE:NWG Natwest. Close Mid-Price: 209.9 Percentage Change: + 1.11% Day High: 212.4 Day Low: 208.1

Further movement against Natwest ABOVE 212.4 should improve acceleration ……..

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LSE:ODX Omega Diags Close Mid-Price: 60.5 Percentage Change: -3.97% Day High: 66.5 Day Low: 59

Weakness on Omega Diags below 59 will invariably lead to 54 with secondar ……..

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LSE:OPG OPG Power Ventures Close Mid-Price: 15.5 Percentage Change: -2.36% Day High: 15.88 Day Low: 15.5

In the event OPG Power Ventures experiences weakness below 15.5 it calcul ……..

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LSE:QFI Quadrise Close Mid-Price: 4.12 Percentage Change: -7.31% Day High: 4.44 Day Low: 4.05

Weakness on Quadrise below 4.05 will invariably lead to 3.2 with secondar ……..

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LSE:RKH Rockhopper Close Mid-Price: 9.7 Percentage Change: -3.77% Day High: 10.38 Day Low: 9.53

This now looks like it needs trade above 10.9 to signify any recovery may ……..

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LSE:RMG Royal Mail. Close Mid-Price: 599.4 Percentage Change: + 1.42% Day High: 612.6 Day Low: 592

All Royal Mail needs are mid-price trades ABOVE 612.6 to improve accelera ……..

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LSE:SPX Spirax Close Mid-Price: 12865 Percentage Change: -0.62% Day High: 13020 Day Low: 12870

In the event of Spirax enjoying further trades beyond 13020, the share sh ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 143.5 Percentage Change: + 5.51% Day High: 143.5 Day Low: 135.5

Further movement against Zoo Digital ABOVE 143.5 should improve accelerat ……..

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

#Brent #CAC40 Since May 2007, Natwest has allegedly had a downtrend, one we’re showing in Blue on the chart. Unfortunately, the integrity of this Blue line is in considerable doubt, due to the share price experiencing a 10:1 consolidation in 2012, changing their name from Royal Bank, and companies managing to utterly confuse historical share movements, when merging RBS data into the new name, along with the artificially changed value of individual shares.

This Blue downtrend is thankfully verified by price movements in both 2015 and 2019, suggesting Natwest now only need exceed a current 218.964p (roughly) to start trading above the historical downtrend and start promising great things for the future. What surprises us, greatly, about this supposed break-out level is the price required is virtually identical to the share price for Natwest, when all the germs hit the pandemic fan in February 2020. With Natwest presently trading around 208p, the share price certainly does not need extend itself far to drift into territory where optimism for the longer term becomes possible.

We should point out something which makes a lot of sense. It will be exceedingly probable Natwest will experience some hesitation around the 220p level, both due to the proximity of the Blue downtrend and also, the prior pre-pandemic high. However, in the event the share manages close above the Blue line, we’re able to calculate the potential of recovery toward an initial longer term 252p with secondary, if bettered, working out at 308p.

Anything above the 308p level will require we take a hard look at the tea leaves again, due to this moving the share price into a region where some extraordinary gains become very possible.

 

Due to this being a UK share and worse, a UK retail bank, it’s essential we glance at possible downsides. At present, the price needs below 184p to indicate issues ahead, risking reversal to an initial 168 with secondary, if broken, at 132p. We really dislike the idea of such a secondary, given it provides a “lower low” and promises a future with the share price stuck in the doldrums.

Many thanks to those who found adverts on this page worth a visit on Friday. Really grateful!

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
1:04:44PM	BRENT	71.71	71.01	70.8	70.38	71.7	72.06	72.3025	73.42	71.18
1:33:14PM	GOLD	1891
1:39:07PM	FTSE	7078
2:16:54PM	FRANCE	6525	6494	6485	6471	6519	6527	6541	6564	6494
2:21:06PM	GERMANY	15685
2:24:31PM	US500	4229.22									‘cess
2:59:32PM	DOW	34753									‘cess
3:38:50PM	NASDAQ	13768									‘cess
3:41:22PM	JAPAN	29178									Shambles

4/06/2021 FTSE Closed at 7069 points. Change of 0.07%. Total value traded through LSE was: £ 4,074,732,159 a change of -14.11%

3/06/2021 FTSE Closed at 7064 points. Change of -0.62%. Total value traded through LSE was: £ 4,744,036,832 a change of -6.04%

2/06/2021 FTSE Closed at 7108 points. Change of 0.4%. Total value traded through LSE was: £ 5,048,977,038 a change of -2.93%

1/06/2021 FTSE Closed at 7080 points. Change of 0.83%. Total value traded through LSE was: £ 5,201,214,939 a change of -13.74%

28/05/2021 FTSE Closed at 7022 points. Change of 0.04%. Total value traded through LSE was: £ 6,029,889,894 a change of -45.96%

27/05/2021 FTSE Closed at 7019 points. Change of -0.1%. Total value traded through LSE was: £ 11,159,138,786 a change of 114.44%

26/05/2021 FTSE Closed at 7026 points. Change of -0.04%. Total value traded through LSE was: £ 5,203,804,555 a change of -0.88%

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:EZJ EasyJet** **LSE:GLEN Glencore Xstra** **LSE:NWG Natwest** **LSE:OPG OPG Power Ventures** **LSE:SBRY Sainsbury** **LSE:SPX Spirax** **LSE:TLW Tullow** **

********

Updated charts published on : Carclo, EasyJet, Glencore Xstra, Natwest, OPG Power Ventures, Sainsbury, Spirax, Tullow,

LSE:CAR Carclo. Close Mid-Price: 61 Percentage Change: + 8.93% Day High: 62.8 Day Low: 58.6

Ongoing movement against Carclo ABOVE 71 should improve acceleration towar ……..

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LSE:EZJ EasyJet Close Mid-Price: 934 Percentage Change: -2.63% Day High: 960.8 Day Low: 930.6

If EasyJet experiences continued weakness below 930.6, it will invariably ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 329.75 Percentage Change: + 1.45% Day High: 330.75 Day Low: 324.7

Continued trades against GLEN with a mid-price ABOVE 340 should improve th ……..

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LSE:NWG Natwest Close Mid-Price: 207.6 Percentage Change: -1.19% Day High: 210 Day Low: 206.9

In the event of Natwest enjoying further trades beyond 210, the share sho ……..

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LSE:OPG OPG Power Ventures Close Mid-Price: 15.88 Percentage Change: -2.31% Day High: 16.75 Day Low: 15.88

Continued weakness against OPG taking the price below 15.88 calculates as ……..

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LSE:SBRY Sainsbury Close Mid-Price: 265.4 Percentage Change: -1.63% Day High: 269.9 Day Low: 264.7

Further movement against Sainsbury ABOVE 269.9 should improve acceleratio ……..

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LSE:SPX Spirax. Close Mid-Price: 12945 Percentage Change: + 0.90% Day High: 12970 Day Low: 12825

Target met. All Spirax needs are mid-price trades ABOVE 12970 to improve ……..

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LSE:TLW Tullow. Close Mid-Price: 59.7 Percentage Change: + 0.98% Day High: 61.84 Day Low: 58.32

Target met. Continued trades against TLW with a mid-price ABOVE 61.84 sho ……..

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

#FTSE #DAX #FreeFutures We’ve a few clients holding Ripple and while we’d prefer use a UK “travel traffic light system”(always set at Red) we’re opting to feature it as a headline item once a week. This also begs the question, just how did the UK manage to install traffic lights in the sky to ensure aircraft behave in accordance with whatever directive is issued to confuse the travel industry?

The crypto blockchain, device, Ripple, has enjoyed a fairly placid week and is presently trading around US$1.09. The surprise comes if it manages above just $1.10 as apparently we should anticipate recovery to an initial $1.40. If bettered, our secondary is a bit more exciting at $1.87. Exceeding this secondary amibition is liable to be a really big deal, allegedly threatening a cycle to commence to $2.5 and some hesitation.

We’d now have significant concern, if the price of this crypto manages below $0.70 as we cannot calculate drop targets below such a level.

FTSE for FRIDAY The FTSE continues to move slower than our Golden Retriever, when she realises her time at the beach is over for the day. In our part of Scotland, brilliant weather, coupled with a lack of tourists (during the week) has ensured a daily visit to the local sands with the dog. She’s developed the habit of staying in the sea, just out of reach, when we return toward the car. This dog should have been on the UK’s Brexit negotiating team, her skill in getting her own way unparalleled.

For the FTSE, May managed a less than spectacular trading range of just 160 points. It also manages a pretty dull gain from 6969 points to close the month at 7022 points. In percentage terms, the UK 100 grew by a stonking 0.7%, impressing no-one.  At time of writing, the index is trading around 7064 points and we hope the current, mid term, ruling attraction from 7185 points shall not be doomed to represent a high point for June. It just wouldn’t be fair!

Near term, FTSE movement exceeding just 7075 points calculates with a potential gain toward a pretty useful 7117 points. We’re less optimistic with our secondary arithmetic as it works out at 7157 points. The tightest stop is unpleasantly wide at 7013 points, the low price of Thursday.

Our alternate scenario, if it all goes wrong (it is US Non-Farm Payrolls Friday, after all) suggests any weakness continuing below 7013 risks triggering reversal to an initial 6982 points. If broken, our secondary is a hopeful bounce level of 6922 points.

Before you go, please check this page for any adverts which fascinate you. We’re grateful for every contribution to “the coffee fund!” Many thanks.

Have a good weekend, enjoy the Grand Prix, and don’t visit Argyll during the week! Our dog will thank you.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:47:51PM	BRENT	71.32	70.54	70.145	69.56	71.23	71.91	72.265	72.84	71.1	‘cess
10:54:40PM	GOLD	1870.79	1865	1850	1828	1884	1909	1914.5	1931	1890	Success
10:57:37PM	FTSE	7067	7049	7014	6977	7087	7110	7124.75	7141	7050	Success
11:00:31PM	FRANCE	6506	6470	6457	6435	6515	6522	6543	6567	6501
11:02:24PM	GERMANY	15648.27	15467	15381	15279	15585	15657	15713	15795	15600	Shambles
11:05:18PM	US500	4194	4167	4155	4129	4203	4210	4224	4243	4189	Success
11:07:15PM	DOW	34604.9	34322	34217	34006	34469	34674	34728.5	34864	34550	‘cess
11:12:10PM	NASDAQ	13544	13513	13489	13391	13645	13702	13779.5	13886	13596	Success
11:15:20PM	JAPAN	28977	28770	28587	28387	28952	29052	29136	29240	28902	Success

 

3/06/2021 FTSE Closed at 7064 points. Change of -0.62%. Total value traded through LSE was: £ 4,744,036,832 a change of -6.04%

2/06/2021 FTSE Closed at 7108 points. Change of 0.4%. Total value traded through LSE was: £ 5,048,977,038 a change of -2.93%

1/06/2021 FTSE Closed at 7080 points. Change of 0.83%. Total value traded through LSE was: £ 5,201,214,939 a change of -13.74%

28/05/2021 FTSE Closed at 7022 points. Change of 0.04%. Total value traded through LSE was: £ 6,029,889,894 a change of -45.96%

27/05/2021 FTSE Closed at 7019 points. Change of -0.1%. Total value traded through LSE was: £ 11,159,138,786 a change of 114.44%

26/05/2021 FTSE Closed at 7026 points. Change of -0.04%. Total value traded through LSE was: £ 5,203,804,555 a change of -0.88%

25/05/2021 FTSE Closed at 7029 points. Change of -100%. Total value traded through LSE was: £ 5,249,852,674 a change of 0%

 

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

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

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

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

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

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

Click Epic to jump to share: LSE:AGM Applied Graphene** **LSE:BP. BP PLC** **LSE:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:CPI Capita** **LSE:EZJ EasyJet** **LSE:HUR Hurrican Energy** **LSE:ITM ITM Power** **LSE:SCLP Scancell** **LSE:TLW Tullow** **

********

Updated charts published on : Applied Graphene, BP PLC, Cellular Goods, Carnival, Capita, EasyJet, Hurrican Energy, ITM Power, Scancell, Tullow,

LSE:AGM Applied Graphene Close Mid-Price: 28.5 Percentage Change: -4.20% Day High: 29.75 Day Low: 28.4

Continued weakness against AGM taking the price below 28.4 calculates as ……..

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LSE:BP. BP PLC. Close Mid-Price: 324.1 Percentage Change: + 0.73% Day High: 326.1 Day Low: 317.7

Target met. Continued trades against BP. with a mid-price ABOVE 326.1 sho ……..

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LSE:CBX Cellular Goods. Close Mid-Price: 7.4 Percentage Change: + 4.23% Day High: 8.07 Day Low: 7.12

We only included this for fun, along with a suspicion the Beckhams will no ……..

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LSE:CCL Carnival Close Mid-Price: 1837.8 Percentage Change: -0.40% Day High: 1864.2 Day Low: 1821.8

Further movement against Carnival ABOVE 1864.2 should improve acceleratio ……..

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LSE:CPI Capita Close Mid-Price: 38.75 Percentage Change: -1.25% Day High: 39.85 Day Low: 38.76

Continued weakness against CPI taking the price below 38.76 calculates as ……..

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LSE:EZJ EasyJet Close Mid-Price: 959.2 Percentage Change: -5.08% Day High: 1012 Day Low: 945.4

Running an airline, every day must feel like opening night for a new stage ……..

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LSE:HUR Hurrican Energy. Close Mid-Price: 1.18 Percentage Change: + 12.38% Day High: 1.4 Day Low: 1.05

This is hellish. In the event Hurrican Energy experiences weakness below 0 ……..

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LSE:ITM ITM Power Close Mid-Price: 380.4 Percentage Change: -1.81% Day High: 388 Day Low: 375.8

This is pretty grotty, requiring above 430p to now signal some proper reco ……..

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LSE:SCLP Scancell. Close Mid-Price: 19.25 Percentage Change: + 0.00% Day High: 19.5 Day Low: 18.75

If Scancell experiences continued weakness below 18.75, it will invariabl ……..

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LSE:TLW Tullow. Close Mid-Price: 59.12 Percentage Change: + 3.32% Day High: 60.3 Day Low: 57.82

Target met. All Tullow needs are mid-price trades ABOVE 60.3 to improve a ……..

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

#FTSE #WallSt For us, increasingly it appears everything revolves around price levels before the Covid-19 drop last year. If a price has recovered above this level, we tend toward enthusiasm, due to a price moving from ‘recovery’ into ‘growth’. For instance, with the #Stoxx50, the index level was roughly 3,900 before the pandemic hit the fan and now, it’s trading around 4,085 points. In this instance, we’re happy and able to speculate on a surprising future for the European index.

The immediate future is pretty amazing, needing above just 4,102 points to confirm a cycle toward an initial 4,178 points. If exceeded, our longer term secondary calculates at 4,405 points. We’ve quite a strong cluster of arguments pointing at the 4,400 level as a viable ambition. Not least is the impression from the chart below as, in addition to arithmetic, there’s a strong visual indication some hesitation can be anticipated, should the index make it up the mountain to challenge a high not seen since 2007.

If exceeded, there’s an even longer term influence from 4,817 points, allegedly painting the potential of a new all time high. For it all to go pear shaped, the European index needs reverse below Blue on the chart, presently around 3,800 points.

Petrofac, and as mentioned above, we ration our enthusiasm until such point a price is trading above its pre-pandemic level. In the case of Petrofac, describing themselves as; “Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world’s leading energy companies.”, their share price prior to the Covid-19 drop was 373p. At time of writing, the company is trading around 139p, substantially below the level achieved on the initial pandemic drop. We’re actually fairly impressed the share price has carefully avoided closing below 90p as there were many reasons to hope for a rebound at such a level.

Currently, with oil prices rising and lockdown easing, surely increased activity in the oil sector shall rub off on Petrofac. If we’re strict, we can establish 145p as a potential trigger level, exceeding this should propel the share price to a stunning 150p. Okay, perhaps not very impressive but in the event 150p is bettered, Bigger Picture forces should start influencing the share price properly, provoking recovery toward an initial 182p. The Big Picture is slightly vague as to our secondary price growth target, if this level is successfully challenged. The share price could either head toward a longer term 255p or, more probably, an attempt at pre-pandemic levels which works out at 375p.

Petrofac needs reverse below 90p to cause utter panic for the company share price future. For now, we suspect it shall prove worth watching.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:41:18PM	BRENT	71.21
10:48:04PM	GOLD	1908.52									Shambles
10:51:15PM	FTSE	7104.56	7069	7050	7026	7112	7122	7133.5	7155	7082	Success
10:53:12PM	FRANCE	6516.2									‘cess
10:55:12PM	GERMANY	15594.94
10:58:32PM	US500	4208.92
11:04:16PM	DOW	34615	34495	34391	34238	34595	34712	34771	34863	34576
11:06:17PM	NASDAQ	13685									‘cess
11:09:11PM	JAPAN	28862									Success

2/06/2021 FTSE Closed at 7108 points. Change of 0.4%. Total value traded through LSE was: £ 5,048,977,038 a change of -2.93%

1/06/2021 FTSE Closed at 7080 points. Change of 0.83%. Total value traded through LSE was: £ 5,201,214,939 a change of -13.74%

28/05/2021 FTSE Closed at 7022 points. Change of 0.04%. Total value traded through LSE was: £ 6,029,889,894 a change of -45.96%

27/05/2021 FTSE Closed at 7019 points. Change of -0.1%. Total value traded through LSE was: £ 11,159,138,786 a change of 114.44%

26/05/2021 FTSE Closed at 7026 points. Change of -0.04%. Total value traded through LSE was: £ 5,203,804,555 a change of -0.88%

25/05/2021 FTSE Closed at 7029 points. Change of -0.31%. Total value traded through LSE was: £ 5,249,852,674 a change of 45.96%

24/05/2021 FTSE Closed at 7051 points. Change of -100%. Total value traded through LSE was: £ 3,596,890,836 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AGM Applied Graphene** **LSE:CCL Carnival** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:EMG MAN** **LSE:IHG Intercontinental Hotels Group** **LSE:NG. National Glug** **LSE:OXIG Oxford Instruments** **LSE:QFI Quadrise** **LSE:RR. Rolls Royce** **LSE:SCLP Scancell** **LSE:SPX Spirax** **

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Updated charts published on : Applied Graphene, Carnival, Capita, Diageo, MAN, Intercontinental Hotels Group, National Glug, Oxford Instruments, Quadrise, Rolls Royce, Scancell, Spirax,

LSE:AGM Applied Graphene Close Mid-Price: 29.75 Percentage Change: -0.50% Day High: 30 Day Low: 28.5

Weakness on Applied Graphene below 28.5 will invariably lead to 17 with s ……..

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LSE:CCL Carnival. Close Mid-Price: 1845.2 Percentage Change: + 1.43% Day High: 1849.8 Day Low: 1790.2

Continued trades against CCL with a mid-price ABOVE 1849.8 should improve ……..

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LSE:CPI Capita Close Mid-Price: 39.24 Percentage Change: -3.04% Day High: 40.82 Day Low: 39.09

Weakness on Capita below 39.09 will invariably lead to 31p and possible b ……..

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LSE:DGE Diageo. Close Mid-Price: 3419.5 Percentage Change: + 0.37% Day High: 3451 Day Low: 3403.5

Target met. All Diageo needs are mid-price trades ABOVE 3451 to improve a ……..

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LSE:EMG MAN. Close Mid-Price: 177.85 Percentage Change: + 0.11% Day High: 180 Day Low: 176.55

Continued trades against EMG with a mid-price ABOVE 180 should improve th ……..

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LSE:IHG Intercontinental Hotels Group Close Mid-Price: 5046 Percentage Change: -0.04% Day High: 5096 Day Low: 4996

Further movement against Intercontinental Hotels Group ABOVE 5096 should ……..

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LSE:NG. National Glug. Close Mid-Price: 960.6 Percentage Change: + 1.11% Day High: 965.6 Day Low: 948.5

Target met. In the event of National Glug enjoying further trades beyond ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2170 Percentage Change: + 2.84% Day High: 2210 Day Low: 2065

All Oxford Instruments needs are mid-price trades ABOVE 2210 to improve a ……..

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LSE:QFI Quadrise Close Mid-Price: 4.21 Percentage Change: -10.15% Day High: 4.5 Day Low: 4.21

If Quadrise experiences continued weakness below 4.21, it will invariably ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 112.3 Percentage Change: + 3.08% Day High: 112.6 Day Low: 108.96

In the event of Rolls Royce enjoying further trades beyond 112.6, the sha ……..

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LSE:SCLP Scancell Close Mid-Price: 19.25 Percentage Change: -2.78% Day High: 19.75 Day Low: 19.25

Continued weakness against SCLP taking the price below 19.25 calculates a ……..

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LSE:SPX Spirax. Close Mid-Price: 12785 Percentage Change: + 0.47% Day High: 12900 Day Low: 12725

Further movement against Spirax ABOVE 12900 should improve acceleration t ……..

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