#Brent #Dax
We truly did not anticipate the FTSE hitting our 7325 drop target on Friday. The 142 point reversal from trigger to target was made doubly worse, thanks to the FTSE closing marginally below our target at 7317 points. It begs the question, should we anticipate things falling further? Thanks to inflation figures, the markets are behaving really badly and we’re worried for the future.
Lloyds Bank is a case in point. When we reviewed the share price three weeks ago, our simple request of the share price stumbling above just 46.4p to bring happy times has proven quite curious. The share price has tickled the trigger level a couple of times, yet utterly failed to exceed 46.4p. Instead, peaking at 46.2p perhaps carries an implication of inherent weakness and now, perhaps Lloyds Bank share price is setting itself up for a bit of a thrashing. If this is the case, the wider behaviour of the markets on Friday must surely carry the expectation of those shares with a possible excuse for a hammering to discover an excuse to run themselves into a brick wall anytime soon.
Should this be the case, it’s entirely possible Lloyds shall be about to introduce some potential entry levels.
Currently, for Lloyds Banking Group, below 43p looks troubling, calculating as capable of provoking reversal to an initial 41.4p. There are difficulties in suggestion 41.4p shall be a profitable entry level as such a target also brings a “lower low”. Neither does such an ambition collide with the Red uptrend, making the prospect of a bounce unlikely.
In the event 41.4p breaks, our secondary is at 38.3p and again, this is a troubled target level. Obviously it breaks the Red uptrend and, less obviously, it gives the share price an opportunity to close a session below the March levels of the Russia low. In this instance, we’re inclined to produce a third level drop target, should 38.3p break. Apparently Lloyds risks a cascade effect and hopefully shall find itself above to bounce at 32.5p. We can also produce an “ultimate bottom” of 26.9p, this representing a level below which we cannot calculate.
On a brighter note, Lloyds still requires exceed 46.4p to suggest happy days ahead. Unfortunately, we’re starting to suspect the only way Lloyds share price shall grow in value is if the company opt to introduce a “Share Split”, for instance taking back 5 shares and issuing 1 share in their place. This method, to artificially inflate the share price, historically fails to impress the markets and will be unlikely to do investors any favours.
Finally, the Baku Grand Prix finally returned the sport to it’s “Most Favoured” status. Sunday saw a few interesting opening laps, then it got boring and permitted a nap, waking up to enjoy the last 4 laps. That’s what Sunday afternoon racing should be like, orderly racing with a chance of a snooze. And no stupid controversy!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 1:05:54PM | BRENT | 120.56 | 118.71 | 118.57 | 116.91 | 120.87 | 121.75 | 122.56 | 123.84 | 120.42 | Success |
| 1:13:38PM | GOLD | 1871 | Success | ||||||||
| 1:17:34PM | FTSE | 7352.98 | ‘cess | ||||||||
| 1:24:16PM | FRANCE | 6187.2 | Success | ||||||||
| 1:36:15PM | GERMANY | 13814 | 13740 | 13678 | 13659 | 13856 | 13968 | 13986 | 14068 | 13804 | Success |
| 1:41:59PM | US500 | 3899 | Success | ||||||||
| 1:47:48PM | DOW | 31391 | Success | ||||||||
| 2:14:45PM | NASDAQ | 11837 | Success | ||||||||
| 2:17:05PM | JAPAN | 27387 | Success |
10/06/2022 FTSE Closed at 7317 points. Change of -2.13%. Total value traded through LSE was: £ 6,019,204,674 a change of -10.01%
9/06/2022 FTSE Closed at 7476 points. Change of -1.54%. Total value traded through LSE was: £ 6,688,998,845 a change of -1.03%
8/06/2022 FTSE Closed at 7593 points. Change of -0.07%. Total value traded through LSE was: £ 6,758,685,339 a change of -1.74%
7/06/2022 FTSE Closed at 7598 points. Change of -0.13%. Total value traded through LSE was: £ 6,878,313,102 a change of 13.3%
6/06/2022 FTSE Closed at 7608 points. Change of 1.01%. Total value traded through LSE was: £ 6,070,626,814 a change of 3.85%
1/06/2022 FTSE Closed at 7532 points. Change of -0.99%. Total value traded through LSE was: £ 5,845,714,503 a change of -53.49%
31/05/2022 FTSE Closed at 7607 points. Change of -100%. Total value traded through LSE was: £ 12,568,637,540 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:CCL Carnival** **LSE:DDDD 4D Pharma** **LSE:ECO ECO (Atlantic) O & G** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:RMG Royal Mail** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:TSCO Tesco** **
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Updated charts published on : Carnival, 4D Pharma, ECO (Atlantic) O & G, Experian, EasyJet, Hikma, Hargreaves Lansdown, ITM Power, Intertek, Royal Mail, Spirax, Serco, Tesco,
LSE:CCL Carnival Close Mid-Price: 821.8 Percentage Change: -6.04% Day High: 880.4 Day Low: 822
Target met. Continued weakness against CCL taking the price below 822 cal ……..
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View Previous Carnival & Big Picture ***
LSE:DDDD 4D Pharma Close Mid-Price: 27.1 Percentage Change: -5.90% Day High: 28.5 Day Low: 26.35
Continued weakness against DDDD taking the price below 26.35 calculates a ……..
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View Previous 4D Pharma & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 30.5 Percentage Change: + 1.67% Day High: 31 Day Low: 29.6
Further movement against ECO (Atlantic) O & G ABOVE 31 should improve acc ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:EXPN Experian Close Mid-Price: 2423 Percentage Change: -2.57% Day High: 2467 Day Low: 2410
Target met. Weakness on Experian below 2410 will invariably lead to 2397 ……..
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View Previous Experian & Big Picture ***
LSE:EZJ EasyJet Close Mid-Price: 452.2 Percentage Change: -3.23% Day High: 463.3 Day Low: 448.9
In the event EasyJet experiences weakness below 448.9 it calculates with ……..
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View Previous EasyJet & Big Picture ***
LSE:HIK Hikma Close Mid-Price: 1583.5 Percentage Change: -1.71% Day High: 1614 Day Low: 1579.5
If Hikma experiences continued weakness below 1579.5, it will invariably ……..
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View Previous Hikma & Big Picture ***
LSE:HL. Hargreaves Lansdown Close Mid-Price: 790 Percentage Change: -2.64% Day High: 817.6 Day Low: 790.6
Target met. In the event Hargreaves Lansdown experiences weakness below 7 ……..
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View Previous Hargreaves Lansdown & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 231.2 Percentage Change: -2.12% Day High: 243.7 Day Low: 228.9
If ITM Power experiences continued weakness below 228.9, it will invariab ……..
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View Previous ITM Power & Big Picture ***
LSE:ITRK Intertek Close Mid-Price: 4377 Percentage Change: -1.60% Day High: 4421 Day Low: 4331
Target met. Weakness on Intertek below 4331 will invariably lead to 4300 ……..
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View Previous Intertek & Big Picture ***
LSE:RMG Royal Mail Close Mid-Price: 279.1 Percentage Change: -2.21% Day High: 283.4 Day Low: 276.4
Target met. Weakness on Royal Mail below 276.4 will invariably lead to 26 ……..
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View Previous Royal Mail & Big Picture ***
LSE:SPX Spirax Close Mid-Price: 9840 Percentage Change: -3.53% Day High: 10145 Day Low: 9816
Target met. If Spirax experiences continued weakness below 9816, it will ……..
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View Previous Spirax & Big Picture ***
LSE:SRP Serco Close Mid-Price: 178.6 Percentage Change: -2.83% Day High: 186 Day Low: 177.8
Target met. All Serco needs are mid-price trades ABOVE 186 to improve acc ……..
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View Previous Serco & Big Picture ***
LSE:TSCO Tesco Close Mid-Price: 250.1 Percentage Change: -0.83% Day High: 253.7 Day Low: 248.9
Target met. Weakness on Tesco below 248.9 will invariably lead to 243 wit ……..
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View Previous Tesco & Big Picture ***