Trends And Targets

#Brent #WallSt  BP share price appears to have discovered an invisible pause button, matching the share price highs prior to the 2020 Pandemic reversals. This sort of thing is proving distressingly common, the stock market  tending regard these historic levels with a queer degree of reverence. Even the FTSE itself, trapped in the pre-pandemic grip for a few years, is only now starting to signal hope for the longer term.

In the case of BP, our inclination is to take closure above 580p as a pretty solid indicator happy times are ahead. Oddly, there seems to be an assumption heightened tensions in the Middle East should cause runaway acceleration of BP’s share price but in reality, when is there not a war somewhere in the world? Oil prices certainly seemed incline to follow Middle East hysteria and while elevated prices for crude oil usually are reflected in the price of energy shares, there is something truly odd with crude prices. While they remain high, the type of movement is more reminiscent of something being artificially influenced rather reflecting actual market forces. This year, it feels like market forces are conspiring to keep Brent (for instance) in a holding pattern roughly between $80 and $90, no matter what our calculations say. Conventional logic would have Brent crude reversing quite sharply at present, the “the market” simply doesn’t want it to.

 

Circled on the chart is a fairly rare chart pattern, named from an old comedy show called “Allo Allo”. The “Allo Allo Pattern” is so named, due to a storyline from the comedy relating to a painting called “The Fallen Madonna” (With The Big Boobies”). It’s a chart pattern share prices tend experiencing difficulty escaping from, perhaps a reference to the comedy show lasting longer than the 2nd World War in which it was based or perhaps a reminder of a joke being only funny for so long… Okay, we’re kidding about this but it would have made a great analysis for the start of this month!

 

Currently, BP share price needs exceed 541 to give slight early hope, calculating with the potential of 555p and a very possible donk against the Blue downtrend which amazingly dates back to 2006. Closure above 555p will become crucial for the longer term, introducing a strong possibilty of future movement to 658p and a brave new world for the oil giants share value.

The converse scenario, examining the risks if everything goes wrong, proposes below 504p risks triggering reversals to an initial 471p with our secondary, if broken, a less likely 442p. We think this secondary is less likely, due to the presence of the Red uptrend and the care now being taken not to allow BP’s share price to drip below.

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
11:06:54PM	BRENT	8706.3	8518	8344	8068	8672	8778	8827	8929	8686
11:09:18PM	GOLD	2317.32
11:11:34PM	FTSE	8010									‘cess
11:18:58PM	STOX50	4966.5									‘cess
11:21:56PM	GERMANY	18004.9									‘cess
11:24:59PM	US500	5039.6
11:27:52PM	DOW	38400	38304	38225	38106	38456	38584	38863	39404	38469
11:33:08PM	NASDAQ	17343									‘cess
11:37:17PM	JAPAN	37496

 

24/04/2024 FTSE Closed at 8040 points. Change of -0.05%. Total value traded through LSE was: £ 8,038,861,258 a change of 24.9%

23/04/2024 FTSE Closed at 8044 points. Change of 0.26%. Total value traded through LSE was: £ 6,436,213,150 a change of 18.32%

22/04/2024 FTSE Closed at 8023 points. Change of 1.62%. Total value traded through LSE was: £ 5,439,622,583 a change of -22.9%

19/04/2024 FTSE Closed at 7895 points. Change of 0.23%. Total value traded through LSE was: £ 7,055,208,688 a change of 7.7%

18/04/2024 FTSE Closed at 7877 points. Change of 0.38%. Total value traded through LSE was: £ 6,551,072,926 a change of 27.48%

17/04/2024 FTSE Closed at 7847 points. Change of 0.35%. Total value traded through LSE was: £ 5,138,744,008 a change of -8.61%

16/04/2024 FTSE Closed at 7820 points. Change of -1.82%. Total value traded through LSE was: £ 5,622,635,189 a change of 16.7%

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…

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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:AZN Astrazeneca** **LSE:BLOE Block Energy PLC** **LSE:DARK Darktrace Plc** **LSE:ECO ECO (Atlantic) O & G** **LSE:NWG Natwest** **

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Updated charts published on : Astrazeneca, Block Energy PLC, Darktrace Plc, ECO (Atlantic) O & G, Natwest,

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LSE:AZN Astrazeneca. Close Mid-Price: 11352 Percentage Change: + 0.75% Day High: 11412 Day Low: 11288

All Astrazeneca needs are mid-price trades ABOVE 11412 to improve acceler ……..

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LSE:BLOE Block Energy PLC. Close Mid-Price: 1.77 Percentage Change: + 5.97% Day High: 1.98 Day Low: 1.68

Target met. In the event of Block Energy PLC enjoying further trades beyo ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 518.6 Percentage Change: + 5.84% Day High: 524.6 Day Low: 494.4

Further movement against Darktrace Plc ABOVE 524.6 should improve acceler ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 9.4 Percentage Change: + 10.59% Day High: 9.7 Day Low: 8.5

Now above 9.75 calculates with the potential of a lift to 10.1 with second ……..

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LSE:NWG Natwest. Close Mid-Price: 285.9 Percentage Change: + 0.03% Day High: 287.4 Day Low: 282

In the event of Natwest enjoying further trades beyond 287.4, the share s ……..

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

#FTSE #Stoxx50  We generally avoid share prices below 1p as too often, they become victims on internet chat room speculation which proves capable of provoking irrational movement. Unfortunately, this sort of nonsense is often accompanied by ridiculous spreads from brokers, making profitable trading difficult. We’ve had a bunch of emails asking about 88 Energy in quantity sufficient to force us to take an interest.

Unsurprisingly, news the company intend dilute their issued shares by a few billion new ordinary shares to raise just over £5 million didn’t impress the market in the efforts of the company to “strengthen” their balance sheet and provide capital for ongoing operations. Obviously, this Placing which is designed to provide sufficient funds for at least 12 months, has provoked some reversal on the share price. With the share price already trading substantially below our calculated “Ultimate Bottom”, a price level which the Big Picture doesn’t allow us to calculate below without introducing impossible Minus Signs into target levels. However, there’s a slight chance the current level could be deemed as “a bottom” and provide a price level where a rebound may be possible. But there’s no doubt the share price is a mess.

Viewing it from the present position, below 0.1575 calculates with the risk of reversal to 0.12 with our secondary, if broken, an eventual painful looking 0.08p. These absurd drop target levels may be viewed with an appreciation our Ultimate Bottom is now at -3p!

 

However, if the market proves kind hearted enough to allow some recovery, it’s now the case where the price need only exceed 0.225p to ideally trigger miracle recovery to an initial 0.45 with our secondary, if bettered, at 0.56p. In this instance, if the market opts to gap the share price up, ongoing acceleration to a third level of 0.78 and some probable hesitation looks amazingly viable.

This one certainly bothers us. We’ve seen plenty of efforts over the years of a company “bilking” shareholders by issuance of a Placing every few years, the share price essentially being driven lower and lower. The eventual endgame of this sort of game generally comes with Price Consolidation, an exercise in “here’s one brand new share in return for 100 of your old shares”, giving a phony reason for the share price to suddenly be shown at a respectable level. It’s one of the other reasons we tend avoid shares when their price declines below 1p.

But should 88 Energy stumble above 0.225p, there’s certainly a chance something useful may happen.

 

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
8:46:14PM	BRENT	8736.7									Success
8:51:35PM	GOLD	2322.4									‘cess
8:55:37PM	FTSE	8069.3	8020	7993	7964	8050	8082	8101	8128	8059
8:58:26PM	STOX50	5018.5	4943	4919	4884	4980	5025	5033	5106	5002	‘cess
9:02:27PM	GERMANY	18159.3
9:05:10PM	US500	5070									‘cess
9:13:41PM	DOW	38487
9:16:52PM	NASDAQ	17496.4									Success
9:19:35PM	JAPAN	37876									‘cess

 

23/04/2024 FTSE Closed at 8044 points. Change of 0.26%. Total value traded through LSE was: £ 6,436,213,150 a change of 18.32%

22/04/2024 FTSE Closed at 8023 points. Change of 1.62%. Total value traded through LSE was: £ 5,439,622,583 a change of -22.9%

19/04/2024 FTSE Closed at 7895 points. Change of 0.23%. Total value traded through LSE was: £ 7,055,208,688 a change of 7.7%

18/04/2024 FTSE Closed at 7877 points. Change of 0.38%. Total value traded through LSE was: £ 6,551,072,926 a change of 27.48%

17/04/2024 FTSE Closed at 7847 points. Change of 0.35%. Total value traded through LSE was: £ 5,138,744,008 a change of -8.61%

16/04/2024 FTSE Closed at 7820 points. Change of -1.82%. Total value traded through LSE was: £ 5,622,635,189 a change of 16.7%

15/04/2024 FTSE Closed at 7965 points. Change of -0.38%. Total value traded through LSE was: £ 4,817,927,674 a change of -11.37%

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…

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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:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BLOE Block Energy PLC** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:NWG Natwest** **LSE:QED Quadrise** **

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Updated charts published on : Avacta, Astrazeneca, Block Energy PLC, HSBC, British Airways, Natwest, Quadrise,

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LSE:AVCT Avacta Close Mid-Price: 44.5 Percentage Change: -0.22% Day High: 45.5 Day Low: 43.25

Weakness on Avacta below 43.25 will invariably lead to 40p with secondary ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 11268 Percentage Change: + 0.16% Day High: 11362 Day Low: 11220

In the event of Astrazeneca enjoying further trades beyond 11362, the sha ……..

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LSE:BLOE Block Energy PLC. Close Mid-Price: 1.68 Percentage Change: + 11.67% Day High: 1.75 Day Low: 1.5

Target met. All Block Energy PLC needs are mid-price trades ABOVE 1.75 to ……..

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LSE:HSBA HSBC. Close Mid-Price: 667.7 Percentage Change: + 0.18% Day High: 669.6 Day Low: 663.8

All HSBC needs are mid-price trades ABOVE 669.6 to improve acceleration t ……..

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LSE:IAG British Airways. Close Mid-Price: 175.95 Percentage Change: + 0.43% Day High: 179.35 Day Low: 176.15

Further movement against British Airways ABOVE 179.35 should improve acc ……..

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LSE:NWG Natwest. Close Mid-Price: 285.8 Percentage Change: + 2.18% Day High: 286.2 Day Low: 281.3

Further movement against Natwest ABOVE 286.2 should improve acceleration ……..

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LSE:QED Quadrise. Close Mid-Price: 1.82 Percentage Change: + 2.10% Day High: 1.88 Day Low: 1.7

In the event of Quadrise enjoying further trades beyond 1.88, the share s ……..

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

#Gold #S&P500  Something curious appears to be going on with Mobico, once known as National Express until changing their name in 2023. A rash of negative news, turnover up but profits down, their CFO jumping ship, and accounting issues in their German train division all seem to have conspired toward a pretty dire time since 2020 but watching intraday price shuffles at the start of this week made us pause for thought.

There were a lot of factors present, indicating the share price could easily slide further downhill but despite what probably felt like a vile day, things didn’t go anywhere as badly as was possible. Instead, we started to wonder if all the negative news was “factored in” and there shouldn’t be any more surprises left. After all, the public appear to be losing their fear of being crammed into germ laden environments and we’ve already noticed the dreaded tourists busses are making their presence felt on narrow roads locally. Even the local bus service in our bit of Argyll looks like it has experienced a 100% increase in trade as today, two people were spotted on the hourly service to town, a massive increase than the usual person who always sits at the very rear. It’s possible the bus picks up many more passengers on its route as it winds though areas with greater populations but we’ve got our doubts.

 

The myth of all bad news being “factored in” can often end in tears and we’re basing our positive bias against the salient detail this share price didn’t entirely collapse. To prove this inconstant theory, above 59.7p should prove interesting, calculating with the potential of a share price lift to an initial 61.5p with our secondary, if exceeded, calculating at 65.5p. Closure above this secondary value should provide a solid early warning signal of the share price moving into a region, where some Big Picture ambitions become available.

Finally, now below 51p would signal more trouble than 4 flashing Red lights on an overhead motorway gantry, making reversal to an eventual 39p and hopefully, an ultimate bottom as we cannot calculate below such. For now, as with all bus and train journeys, it’s fingers crossed time!

 

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:40:18PM	BRENT	8661
9:42:52PM	GOLD	2328	2325	2301	2262	2344	2364	2379	2397	2352	Success
9:45:22PM	FTSE	8044									Success
9:47:49PM	STOX50	4951
9:53:53PM	GERMANY	17928									‘cess
9:56:54PM	US500	5010.5	4970	4946	4915	4999	5040	5052	5094	5004
9:59:35PM	DOW	38258									Success
10:03:28PM	NASDAQ	17200									‘cess
10:08:48PM	JAPAN	37705									Success

 

22/04/2024 FTSE Closed at 8023 points. Change of 1.62%. Total value traded through LSE was: £ 5,439,622,583 a change of -22.9%

19/04/2024 FTSE Closed at 7895 points. Change of 0.23%. Total value traded through LSE was: £ 7,055,208,688 a change of 7.7%

18/04/2024 FTSE Closed at 7877 points. Change of 0.38%. Total value traded through LSE was: £ 6,551,072,926 a change of 27.48%

17/04/2024 FTSE Closed at 7847 points. Change of 0.35%. Total value traded through LSE was: £ 5,138,744,008 a change of -8.61%

16/04/2024 FTSE Closed at 7820 points. Change of -1.82%. Total value traded through LSE was: £ 5,622,635,189 a change of 16.7%

15/04/2024 FTSE Closed at 7965 points. Change of -0.38%. Total value traded through LSE was: £ 4,817,927,674 a change of -11.37%

12/04/2024 FTSE Closed at 7995 points. Change of 0.91%. Total value traded through LSE was: £ 5,435,726,241 a change of -8.93%

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…

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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:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:GKP Gulf Keystone** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:QED Quadrise** **LSE:SCLP Scancell** **

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Updated charts published on : Avacta, Astrazeneca, Gulf Keystone, HSBC, British Airways, Quadrise, Scancell,

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LSE:AVCT Avacta Close Mid-Price: 44.6 Percentage Change: -8.04% Day High: 48.5 Day Low: 43.75

In the event Avacta experiences weakness below 43.75 it calculates with a ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 11250 Percentage Change: + 2.78% Day High: 11306 Day Low: 11004

Further movement against Astrazeneca ABOVE 11306 should improve accelerat ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 122.4 Percentage Change: + 9.29% Day High: 129 Day Low: 112.2

All Gulf Keystone needs are mid-price trades ABOVE 129 to improve acceler ……..

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LSE:HSBA HSBC. Close Mid-Price: 666.5 Percentage Change: + 3.14% Day High: 667.8 Day Low: 653.3

Further movement against HSBC ABOVE 667.8 should improve acceleration tow ……..

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LSE:IAG British Airways. Close Mid-Price: 175.2 Percentage Change: + 3.36% Day High: 176.4 Day Low: 170.1

Continued trades against IAG with a mid-price ABOVE 176.4 should improve ……..

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LSE:QED Quadrise. Close Mid-Price: 1.78 Percentage Change: + 11.23% Day High: 1.85 Day Low: 1.7

This is getting interesting as above 1.85 calculates with the potential of ……..

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LSE:SCLP Scancell. Close Mid-Price: 9.6 Percentage Change: + 0.00% Day High: 9.6 Day Low: 9.4

Target met. Weakness on Scancell below 9.4 will invariably lead to 9.4p w ……..

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

#Brent #Germany  When we previously reviewed Lloyds, we commented on the importance of a 25 year old downtrend since 2009 and the way by which Lloyds share price was reacting to it.  But on April 4th & 11th, something quite fascinating happened, confirming our belief the market regards this long term downtrend as really important. At risk of sounding like a dentist, it’s all to do with unsightly gaps!

Following a period of the share price gyrating against the Blue downtrend, on 4th April the price was manipulated above the trend line at the open of trade and in normal circumstances, this should have signalled a potential for some real price recovery, aside from the salient detail the share price was gapped upward. Despite its little nudge in the right direction, Lloyds failed to reach our initial target of 55.5p, the rise faded from the 54p level, causing immediate concern.  On April 11th, as shown on the zoomed in bit of the chart below, this share price was gapped down below the trend. Conventional arguments for this type of price manipulation hints the share price should reverse to 49p and hopefully rebound. There’s a slight chance the movement on April 16th to 49.4p shall be deemed sufficiently close but visually, we have our doubts. With the level of effort going on to keep Lloyds share price under control, if “they” intend play by the rules, we’d normally be quite expectant of a solid 49p making an appearance.

 

Real danger comes if the price makes it below 49p as reversal to 47p calculates as possible with our secondary, if broken, at 44.7p and hopefully a rebound.

On a more positive note, it’s generally the case where the next time a share price heads upward should be the one which triggers some proper movement, a surge in price levels which is generally quite vivid. But for the present, we’re inclined toward caution and above 54.1p should next head to 55.4 with secondary, if beater, at 60p. What would really impress us now though is a serious movement, such as the share price being gapped above 54.1p at the open of trade as this would signal the game is changing and a long term 89p could become a sensible possibility.

Alas, for now, Lloyds remains trapped below this absurd Blue downtrend which dates back to the market crash of 2009.

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
9:14:27PM	BRENT	8663	8625	8427	8229	8730	8730	8790	8864	8640
9:17:13PM	GOLD	2391.29								2387
9:20:42PM	FTSE	7931.3								7889
9:43:49PM	STOX50	4905.3
9:46:31PM	GERMANY	17715.9	17647	17608	17553	17717	1774	17937	18116	17692
9:49:10PM	US500	4965
9:51:50PM	DOW	37974
9:54:15PM	NASDAQ	17033.3
9:57:11PM	JAPAN	37081

 

19/04/2024 FTSE Closed at 7895 points. Change of 0.23%. Total value traded through LSE was: £ 7,055,208,688 a change of 7.7%

18/04/2024 FTSE Closed at 7877 points. Change of 0.38%. Total value traded through LSE was: £ 6,551,072,926 a change of 27.48%

17/04/2024 FTSE Closed at 7847 points. Change of 0.35%. Total value traded through LSE was: £ 5,138,744,008 a change of -8.61%

16/04/2024 FTSE Closed at 7820 points. Change of -1.82%. Total value traded through LSE was: £ 5,622,635,189 a change of 16.7%

15/04/2024 FTSE Closed at 7965 points. Change of -0.38%. Total value traded through LSE was: £ 4,817,927,674 a change of -11.37%

12/04/2024 FTSE Closed at 7995 points. Change of 0.91%. Total value traded through LSE was: £ 5,435,726,241 a change of -8.93%

11/04/2024 FTSE Closed at 7923 points. Change of -0.48%. Total value traded through LSE was: £ 5,968,969,501 a change of -30.54%

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…

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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:AML Aston Martin** **LSE:AVCT Avacta** **LSE:BLOE Block Energy PLC** **LSE:IAG British Airways** **

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Updated charts published on : Aston Martin, Avacta, Block Energy PLC, British Airways,

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LSE:AML Aston Martin. Close Mid-Price: 151.9 Percentage Change: + 0.60% Day High: 152.4 Day Low: 147.6

Weakness on Aston Martin below 147.6 will invariably lead to 145p with se ……..

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LSE:AVCT Avacta. Close Mid-Price: 48.5 Percentage Change: + 1.04% Day High: 47.75 Day Low: 45.75

Target met. Continued weakness against AVCT taking the price below 45.75 ……..

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LSE:BLOE Block Energy PLC. Close Mid-Price: 1.5 Percentage Change: + 7.14% Day High: 1.55 Day Low: 1.4

Continued trades against BLOE with a mid-price ABOVE 1.55 should improve ……..

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LSE:IAG British Airways Close Mid-Price: 169.5 Percentage Change: -0.18% Day High: 170.1 Day Low: 162.15

If British Airways experiences continued weakness below 162.15, it will ……..

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

#FTSE #Gold  Many dog owners hate an amusing game played by their pets, the “it’s a ‘look only toy’, don’t touch, as the animal parades around carrying a toy, a stick, underwear, or even a live frog in the case of our monster. While the dog finds it hysterical, their devotion to the game can prove every bit as distressing as the FTSE’s “Will It or Won’t It?” antics as the UK market refuses to behave.

For us, the issue started on February 16th last year, a day when the FTSE hit a high of 8047 points, closing the session at 8012 points. By achieving these highs, the market laid down a fairly clear set of rules for the future, two target levels and if both were exceeded, we’d logically anticipate a climbing period ahead for the FTSE. Unfortunately, despite teasing investors like a grinning Golden Retriever, the index remains moribund with the highest set of results being on 12th April, a high of 8044 and a closing price of 7995 points. Typically, when intraday highs start to exceed prior highs, it gives a fairly reliable indication of good times ahead but with this set of results, we now lack confidence. But we’re not rushing out to dig holes to hide in, not yet anyway.

 

Following on from Tuesday big fall on the FTSE of 172 points, the market has been struggling to show coherent recovery and it’s currently the case where below 7793 risks triggering reversal to an initial 7726 points and a very possible rebound. This difficulty comes with closure below 7726 as it dumps the FTSE into a zone, where ongoing reversal to an eventual 7556 calculates as possible. Our suspicion currently is what’s going on is being blamed on Middle East war nerves, rather than anything solid and as a result, the market is quite literally colouring within the lines until resolution or otherwise is achieved. For the FTSE, almost regardless of outcome, we suspect the index shall head upward eventually.

Should this scenario trigger, our tightest stop works out at 7861 points.

 

However, if the market chooses to celebrate the fact Dec & Ant are no longer on television, above 7861 holds some slight hope as above this level calculates with the potential of launching the FTSE toward 7906 points. Our secondary, if such is exceeded, works out at 7950 points, obviously doubtful given the lethargic nature of the market currently.

 

It’s a weekend without snow, despite the promised 20cm the Met Office threatened for yesterday and today. Instead, we’ve have rain, hail, sunshine, wind, rain, and then some more rain. But this weekend looks good, so if you’re heading to Argyll, now’s your chance for at least two days. Except on recent form, the Met Office are terrible.

Enjoy Formula1 this weekend. It’s from China, so the winning drivers have probably been chosen already as nothing interesting ever seems to come from racing in Shanghai. We expect Red Bull 1st & 2nd, a Ferrari, then no-one really cares thereafter.

 

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:56:55PM	BRENT	8626.6	8560	8518		8710	8727	8783		8664	‘cess
11:00:30PM	GOLD	2378.98	2364	2348		2381	2395	2417		2375
11:02:38PM	FTSE	7837	7845	7833		7883	7902	7925		7865
11:05:04PM	STOX50	4919.6	4892	4872		4928	4951	4966		4921
11:10:45PM	GERMANY	17759.7	17716	17668		17778	17870	17908		17771
11:13:33PM	US500	5013.3	5001	4944		5049	5057	5076		5025
11:17:12PM	DOW	37795.5	37675	37550		37817	38092	38199		37802	Shambles
11:20:13PM	NASDAQ	17386	17355	17293		17430	17595	17673		17388
11:23:23PM	JAPAN	37761	37705	37525		37854	38123	38180		38014

 

18/04/2024 FTSE Closed at 7877 points. Change of 0.38%. Total value traded through LSE was: £ 6,551,072,926 a change of 27.48%

17/04/2024 FTSE Closed at 7847 points. Change of 0.35%. Total value traded through LSE was: £ 5,138,744,008 a change of -8.61%

16/04/2024 FTSE Closed at 7820 points. Change of -1.82%. Total value traded through LSE was: £ 5,622,635,189 a change of 16.7%

15/04/2024 FTSE Closed at 7965 points. Change of -0.38%. Total value traded through LSE was: £ 4,817,927,674 a change of -11.37%

12/04/2024 FTSE Closed at 7995 points. Change of 0.91%. Total value traded through LSE was: £ 5,435,726,241 a change of -8.93%

11/04/2024 FTSE Closed at 7923 points. Change of -0.48%. Total value traded through LSE was: £ 5,968,969,501 a change of -30.54%

10/04/2024 FTSE Closed at 7961 points. Change of 0.34%. Total value traded through LSE was: £ 8,593,583,138 a change of 30.85%

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…

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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:AML Aston Martin** **LSE:IAG British Airways** **LSE:IPF International Personal Finance** **LSE:OCDO Ocado Plc** **

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Updated charts published on : Aston Martin, British Airways, International Personal Finance, Ocado Plc,

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LSE:AML Aston Martin. Close Mid-Price: 151 Percentage Change: + 0.00% Day High: 154.6 Day Low: 149.5

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LSE:IAG British Airways. Close Mid-Price: 169.8 Percentage Change: + 5.66% Day High: 169.5 Day Low: 163.55

Above 172 now calculates as capable of a lift to an initial 195p. If excee ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 102.5 Percentage Change: + 0.99% Day High: 103.5 Day Low: 100

In the event International Personal Finance experiences weakness below 10 ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 350 Percentage Change: + 0.52% Day High: 350.5 Day Low: 335.2

Target met. In the event Ocado Plc experiences weakness below 335.2 it ca ……..

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

#Gold #SP500  The decision to change the holding company name Royal Mail to International Distribution Services back in 2022 must appear, with hindsight, the work of genius as it firmly separated the organisation  from the Post Office. This probably minimised the amount of  potential cross contamination due to Post Offices abhorrent behaviour over the years. The level of negative publicity the Post Office continues to shower upon itself is truly mind blowing.

However, over the years Royal Mail certainly managed to put a few feet wrong, not least being their misguided effort to ditch the Royal Mail brand and introduce Consignia. This concept, perhaps the work of an outsourced PR department in Namibia, proved rather silly as the company attempted to walk away from the good will generated by 500 years of history. The disaster is still apparently taught to marketing students as a case study in how not to do things in the real world.

Royal Mail (International Distribution Services) share price rose by an impressive 28.85% on news someone is offering £4.5bn to take the company over. While the initial bid has been rejected, a further bid is being discussed and as a result, the share price is showing interesting potentials.

 

Since the company name change in 2022, the share price has been virtually flatlining, somehow adhering to an unwritten rule the share price at changeover of 206p was going to hold a long term attraction. As a result, every attempt to head north has seen the price rappel down to around the 2 quid level But with the introduction of a new player – who is already the largest shareholder, there’s quite a fascinating potential making itself known. Above just 279p now looks capable of triggering movement to an initial 292p with our secondary, if beaten, at 356p.

Should everything decide to go wrong, below 212p would strike the first blow, signalling the potential of reversal to 199p initially with secondary, if broken, at a hopeful bottom of 176p.

We think this intends head upward.

 

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:02:49PM	BRENT	8693									‘cess
10:05:51PM	GOLD	2360.26	2356	2347	2330	2380	2400	2419	2450	2373
10:08:12PM	FTSE	7868									Shambles
10:10:23PM	STOX50	4909.2									‘cess
10:21:42PM	GERMANY	17769
10:26:56PM	US500	5020	5007	4975	4936	5041	5079	5100	5131	5056
10:29:43PM	DOW	37742
10:36:12PM	JAPAN	37696									‘cess

 

17/04/2024 FTSE Closed at 7847 points. Change of 0.35%. Total value traded through LSE was: £ 5,138,744,008 a change of -8.61%

16/04/2024 FTSE Closed at 7820 points. Change of -1.82%. Total value traded through LSE was: £ 5,622,635,189 a change of 16.7%

15/04/2024 FTSE Closed at 7965 points. Change of -0.38%. Total value traded through LSE was: £ 4,817,927,674 a change of -11.37%

12/04/2024 FTSE Closed at 7995 points. Change of 0.91%. Total value traded through LSE was: £ 5,435,726,241 a change of -8.93%

11/04/2024 FTSE Closed at 7923 points. Change of -0.48%. Total value traded through LSE was: £ 5,968,969,501 a change of -30.54%

10/04/2024 FTSE Closed at 7961 points. Change of 0.34%. Total value traded through LSE was: £ 8,593,583,138 a change of 30.85%

9/04/2024 FTSE Closed at 7934 points. Change of -0.11%. Total value traded through LSE was: £ 6,567,332,567 a change of 22.56%

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:CCL Carnival** **LSE:MMAG Music Magpie** **LSE:OCDO Ocado Plc** **LSE:SCLP Scancell** **

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Updated charts published on : Block Energy PLC, Carnival, Music Magpie, Ocado Plc, Scancell,

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LSE:BLOE Block Energy PLC. Close Mid-Price: 1.45 Percentage Change: + 7.41% Day High: 1.5 Day Low: 1.35

Further movement against Block Energy PLC ABOVE 1.5 should improve accele ……..

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LSE:CCL Carnival. Close Mid-Price: 1012.5 Percentage Change: + 0.60% Day High: 1032 Day Low: 994

In the event Carnival experiences weakness below 994 it calculates with a ……..

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LSE:MMAG Music Magpie Close Mid-Price: 6.25 Percentage Change: -3.85% Day High: 6.5 Day Low: 6.25

Target met. If Music Magpie experiences continued weakness below 6.25, it ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 348.2 Percentage Change: + 1.55% Day High: 352 Day Low: 340

Continued weakness against OCDO taking the price below 340 calculates as ……..

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LSE:SCLP Scancell Close Mid-Price: 9.55 Percentage Change: -1.04% Day High: 9.65 Day Low: 9.44

If Scancell experiences continued weakness below 9.44, it will invariably ……..

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

#FTSE #Trump  To judge by internet chat rooms, Americans are once again showing an inclination to take their politicians seriously. While in the UK, there seems to be a broad appreciation our elected ‘representatives’ neither represent us, most have dubious morality, and the vast majority are only on the job to maximise their earnings. Such is the character of debate in the UK, most MP’s should only have risen to the rank of Local Councillor.

It’s easy to expect the next UK election will suffer lower voting figures than ever, while politicians wring their hands and blame the electorate for not engaging with them. It’s easy to wish we’d adopt a “None Of The Above” option on voting slips, something with mandatory implications to avoid what happened in America, where a recent uncontested vote for the Republican presidential nomination saw the unchallenged candidate lose substantially to “None of The Above”, unfortunately a non-binding choice. However, the woman did ultimately withdraw from the race for the top job.

Perhaps living in Scotland has soured any taste of politics, both due to the utter incompetence of the party in Government here and the corrupt behaviour of the previous leaders cabal of witches and their attempts to see Mr Salmond imprisoned on fabricated evidence. This particular story hasn’t run its course yet with more hilarity anticipated later this year, while many existing members of the Scottish parliament are following English Tories by announcing they don’t intend stand for re-election. In the UK, we never get the leader we voted for, simply because such a facility isn’t open to us. But in the USA, they seem to get the ‘leadership’ which the best money can buy…

 

This disappointing nature of politics in the UK and USA is certainly ringing a sour note this year.

 

Mr Trumps most recent ‘astounding’ triumph, NASDAQ:DJT, has been deemed a cumbersome name, not worthy of the being written again. This, the vehicle behind his answer to Twitter, a social media venture called “Truth” has experienced a pretty varied time over the last few years and the anti-Trump clique in chatrooms are crowing at the demise of the share price. While doubtless this is partially to do with the blokes legal affairs, the fact the company are choosing to issue more shares and further dilute the issued value certainly hasn’t helped, effectively pouring petrol on the fire.

We’re not convinced the pro-Biden brigade shall have the first laugh here.

While more immediate price reversal appears possible, below $22 suggests imminent weakness to an initial $20 with our secondary, if broken, at possible bottom of just 11 dollars. This target level is really quite important, representing a price level below which we cannot calculate. As a result, it may be worth while keeping an eye on Trump Media in case the $11 level makes an appearance.

Currently it is the case any bounce needs above $31 to catch our interest as this looks capable of promoting movements to an initial 34 with our secondary, if beaten, at a game changing $43, along with a need to urgently revisit our analysis. And hopefully this shall be the only time this year we need enact an analysis where both Biden or Trump get mentioned.

 

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:49:28PM	BRENT	8946.1
9:52:27PM	GOLD	2383.5
9:55:20PM	FTSE	7827	7794	7763	7668	7835	7884	7914	7954	7836	Success
9:59:16PM	STOX50	4928.2									Success
10:01:51PM	GERMANY	17766.7									‘cess
10:04:41PM	US500	5051.9
10:07:10PM	DOW	37828.5									‘cess
10:23:26PM	NASDAQ	17727									Shambles
10:26:03PM	JAPAN	38462	38288	38160	37559	38500	38648	38720	38864	38434	‘cess

 

16/04/2024 FTSE Closed at 7820 points. Change of -1.82%. Total value traded through LSE was: £ 5,622,635,189 a change of 16.7%

15/04/2024 FTSE Closed at 7965 points. Change of -0.38%. Total value traded through LSE was: £ 4,817,927,674 a change of -11.37%

12/04/2024 FTSE Closed at 7995 points. Change of 0.91%. Total value traded through LSE was: £ 5,435,726,241 a change of -8.93%

11/04/2024 FTSE Closed at 7923 points. Change of -0.48%. Total value traded through LSE was: £ 5,968,969,501 a change of -30.54%

10/04/2024 FTSE Closed at 7961 points. Change of 0.34%. Total value traded through LSE was: £ 8,593,583,138 a change of 30.85%

9/04/2024 FTSE Closed at 7934 points. Change of -0.11%. Total value traded through LSE was: £ 6,567,332,567 a change of 22.56%

8/04/2024 FTSE Closed at 7943 points. Change of 0.4%. Total value traded through LSE was: £ 5,358,628,061 a change of -25.26%

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:BLOE Block Energy PLC** **LSE:CCL Carnival** **LSE:OCDO Ocado Plc** **

********

Updated charts published on : Aston Martin, Block Energy PLC, Carnival, Ocado Plc,

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LSE:AML Aston Martin Close Mid-Price: 154.9 Percentage Change: -1.90% Day High: 157.4 Day Low: 150.5

Target met. In the event Aston Martin experiences weakness below 150.5 it ……..

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LSE:BLOE Block Energy PLC. Close Mid-Price: 1.35 Percentage Change: + 17.39% Day High: 1.35 Day Low: 1.1

Now above 1.375 calculates with the potential of a lift to 1.68 with our s ……..

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LSE:CCL Carnival Close Mid-Price: 1006.5 Percentage Change: -2.75% Day High: 1028.5 Day Low: 998.4

Continued weakness against CCL taking the price below 998.4 calculates as ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 342.9 Percentage Change: -5.77% Day High: 365.6 Day Low: 341.6

Weakness on Ocado Plc below 341.6 will invariably lead to 335p with secon ……..

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