#France_CAC40 #WallSt There are some companies we’re almost supposed to dislike. Budget airlines loom high on such a list, UK retail banks coming a close second, obviously estate agents with a stock market listing, and also, BT Group reserving a special place in hell. This series of irrational dislikes proves not entirely irrational, due to any cynical attitude coming across in our reports being fueled by personal experience with each corporate.
Despite plenty of personal experience with tobacco, saying goodbye many years ago failed to inspire any negative thoughts relating to the industry. No-one forced me to try a cigarette from the 5 Packet of Embassy Tipped my cousin had somehow procured. The entire exercise ended in disaster soon after, when the cousin proved it was possible to drown a lit cigarette in a can of petrol. The flaw in his thinking came, when the can ignited and he kicked it away. Unfortunately, we were hiding in his fathers garage at the time to enjoy our first smoke, a wooden building full of gardening equipment, a motor mower, and the inevitable cans of oil and grease.
We safely exited the building and ran for it, almost reaching my own house before the noise of a fire engine intruded the peaceful afternoon.
Many years later, the cousin was getting married and I started to reminisce about the event. Despite now being in his mid-40’s, he panicked in case his 80 year old father heard our conversation. Apparently this fire was recorded in history as spontaneous, probably due to the hot weather. Thankfully, by the time of this wedding, neither of us still smoked but neither of us would be inclined to blame the tobacco company for anything. Smoking was once allowed, almost expected.
Now any possible anti-tobacco caveats are exposed, British American Tobacco share price is looking a bit problematic. As the chart below highlights, it suffered the inevitable Covid drop in 2020, a reversal which matched a prior drop a year earlier. In the period since, the share price has proven less than interesting and it’s creating as dangerous a picture as 2 small boys with a petrol can and matches.
In the event the price moves below 2670p, we shall be inclined to view it as heading down to 2554p with secondary, if broken, at 2337p. This secondary creates a major issue for us, taking the share price below its most recent historical dips, creating a “lower low” with an ongoing threat for continued downward travel. We can calculate quite a terrifying series of drop potentials but the bottom line, should 2337p break, is the share shall be regarded as existing in a cycle where our “ultimate bottom” calculation works out at an eventual 692p. We cannot calculate below such a level.
However, just because the share hasn’t recovered since the Covid-19 low doesn’t mean it can’t. Who knows, some bright spark may invent a vaccine which is baked into the fabric of a cigarette, thanks to a spurious theory that a respiratory virus needs a respiratory cure. Or perhaps, with cannabis being legalised for medicinal purposes next month, somehow the tobacco companies shall jump on the bandwagon. At present, BATS needs trade above 2850p to suggest coming recovery to an initial 3091p with a longer term secondary, if exceeded, working out at 3434p. Despite this secondary ambition making perfect visual sense, we shall need revisit the share should such a target level be achieved.
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|Time Issued||Market||Price At Issue||Short Entry||Fast Exit||Slow Exit||Stop||Long Entry||Fast Exit||Slow Exit||Stop||Prior|
4/08/2021 FTSE Closed at 7123 points. Change of 0.25%. Total value traded through LSE was: £ 6,000,336,002 a change of 33.33%
3/08/2021 FTSE Closed at 7105 points. Change of 0.34%. Total value traded through LSE was: £ 4,500,441,860 a change of 3.51%
2/08/2021 FTSE Closed at 7081 points. Change of 0.7%. Total value traded through LSE was: £ 4,347,850,496 a change of -16.5%
30/07/2021 FTSE Closed at 7032 points. Change of -0.65%. Total value traded through LSE was: £ 5,206,905,420 a change of -14.32%
29/07/2021 FTSE Closed at 7078 points. Change of 0.88%. Total value traded through LSE was: £ 6,077,251,516 a change of 24.02%
28/07/2021 FTSE Closed at 7016 points. Change of 0.29%. Total value traded through LSE was: £ 4,900,403,964 a change of 0.43%
27/07/2021 FTSE Closed at 6996 points. Change of -0.41%. Total value traded through LSE was: £ 4,879,437,530 a change of 9.03%
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.
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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:BARC Barclays** **LSE:EXPN Experian** **LSE:GENL Genel** **LSE:HIK Hikma** **LSE:IGG IG Group** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:RR. Rolls Royce** **LSE:SPX Spirax** **
Updated charts published on : Applied Graphene, Barclays, Experian, Genel, Hikma, IG Group, Oxford Instruments, Primary Health, Polymetal, President Energy, Rolls Royce, Spirax,
LSE:AGM Applied Graphene. Close Mid-Price: 31 Percentage Change: + 4.73% Day High: 31.5 Day Low: 29.8
Further movement against Applied Graphene ABOVE 31.5 should improve accel ……..
LSE:BARC Barclays. Close Mid-Price: 178.84 Percentage Change: + 1.41% Day High: 179.2 Day Low: 176.48
In the event of Barclays enjoying further trades beyond 179.2, the share ……..
LSE:EXPN Experian. Close Mid-Price: 3251 Percentage Change: + 1.18% Day High: 3263 Day Low: 3206
Continued trades against EXPN with a mid-price ABOVE 3263 should improve ……..
LSE:GENL Genel Close Mid-Price: 136 Percentage Change: -2.44% Day High: 138.6 Day Low: 132.4
In the event Genel experiences weakness below 132.4 it calculates with a ……..
LSE:HIK Hikma Close Mid-Price: 2655 Percentage Change: -1.30% Day High: 2695 Day Low: 2638
In the event of Hikma enjoying further trades beyond 2695, the share shou ……..
LSE:IGG IG Group. Close Mid-Price: 918 Percentage Change: + 1.38% Day High: 917.5 Day Low: 893
All IG Group needs are mid-price trades ABOVE 917.5 to improve accelerati ……..
LSE:OXIG Oxford Instruments. Close Mid-Price: 0 Percentage Change: + 3.43% Day High: 2560 Day Low: 2410
Target met. Continued trades against OXIG with a mid-price ABOVE 2560 sho ……..
LSE:PHP Primary Health. Close Mid-Price: 166.8 Percentage Change: + 1.46% Day High: 167.3 Day Low: 164.3
Target met. All Primary Health needs are mid-price trades ABOVE 167.3 to ……..
LSE:POLY Polymetal. Close Mid-Price: 1565.5 Percentage Change: + 0.32% Day High: 1586.5 Day Low: 1559.5
Continued trades against POLY with a mid-price ABOVE 1586.5 should improv ……..
LSE:PPC President Energy Close Mid-Price: 1.88 Percentage Change: -7.41% Day High: 2.08 Day Low: 1.82
If President Energy experiences continued weakness below 1.82, it will in ……..
LSE:RR. Rolls Royce. Close Mid-Price: 104.54 Percentage Change: + 1.36% Day High: 105.34 Day Low: 103.32
In the event of Rolls Royce enjoying further trades beyond 105.34, the sh ……..
LSE:SPX Spirax. Close Mid-Price: 15330 Percentage Change: + 0.62% Day High: 15520 Day Low: 15235
Target met. Continued trades against SPX with a mid-price ABOVE 15520 sho ……..