#Gold #SP500 Sometimes a share price can perform in surprising ways and over the years, we’ve learned to pay attention to some specific movements. At present, Prudential Plc are exhibiting one of these dance movements which perhaps shall become an early warning signal for some movement of strength. In this instance, we’ve drawn a circle on the chart where the share price appears to be reacting to the downtrend for 2023 and visually, there seems to be no reason for this.
When this phenomena occurs, it costs nothing to keep an eye on the share price, especially as next time it exceeds the downtrend there’s a heightened chance of an upward spike and usually it’s one which shall stick. In the case of Prudential, exceeding Blue at 925.91 presently, will serve to introduce the potential of gains to an initial 1004p with our longer term secondary, if exceeded, calculating at a future 1189p. Obviously, we are being a touch cautious here as just because the share price is following the downtrend from afar, there’s no certainty it will indeed shoot higher. But then again, this is the stock market, a field where the word “certainty” should be banned, perhaps replaced with “balance of probabilities!”
Overall, should Prudential share price successfully manage to close a session above Blue, we can calculate a long term attraction as coming from 1499p.
Our alternate scenario for Prudential questions the drop potentials, if the share price were to discover an excuse to break below Red on the chart. Currently this level is around 817p and movement below such a point risks triggering reversals to an initial 697p with our secondary, if such a level breaks, working out at a silly looking future 465p.
Our inclination, for now, is to lean on the side of optimism.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:51:36PM | BRENT | 8242.1 | |||||||||
| 10:55:50PM | GOLD | 1945.92 | 1943 | 1933 | 1922 | 1950 | 1950 | 1955 | 1962 | 1945 | |
| 10:58:31PM | FTSE | 7430.9 | |||||||||
| 11:00:57PM | STOX50 | 4234.6 | |||||||||
| 11:03:59PM | GERMANY | 15367 | ‘cess | ||||||||
| 11:06:44PM | US500 | 4412.3 | 4404 | 4397 | 4388 | 4414 | 4420 | 4424 | 4428 | 4409 | |
| 11:09:09PM | DOW | 34343 | |||||||||
| 11:11:29PM | NASDAQ | 15493.6 | |||||||||
| 11:14:38PM | JAPAN | 32796 |
13/11/2023 FTSE Closed at 7425 points. Change of 0.88%. Total value traded through LSE was: £ 5,102,955,229 a change of 1.94%
10/11/2023 FTSE Closed at 7360 points. Change of -1.27%. Total value traded through LSE was: £ 5,005,893,152 a change of 2.35%
9/11/2023 FTSE Closed at 7455 points. Change of 0.73%. Total value traded through LSE was: £ 4,890,859,412 a change of -30.52%
8/11/2023 FTSE Closed at 7401 points. Change of -0.12%. Total value traded through LSE was: £ 7,039,129,505 a change of 60.87%
7/11/2023 FTSE Closed at 7410 points. Change of -0.09%. Total value traded through LSE was: £ 4,375,663,657 a change of 7.72%
6/11/2023 FTSE Closed at 7417 points. Change of 0%. Total value traded through LSE was: £ 4,062,204,136 a change of -15.12%
3/11/2023 FTSE Closed at 7417 points. Change of -0.39%. Total value traded through LSE was: £ 4,785,653,725 a change of -23.42%
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:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GKP Gulf Keystone** **LSE:GRG Greggs** **LSE:JET Just Eat** **LSE:RR. Rolls Royce** **LSE:STAR Star Energy** **
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Updated charts published on : Firstgroup, Foxtons, Fresnillo, Gulf Keystone, Greggs, Just Eat, Rolls Royce, Star Energy,
LSE:FGP Firstgroup. Close Mid-Price: 165.1 Percentage Change: + 0.06% Day High: 167.8 Day Low: 164
Target met. In the event of Firstgroup enjoying further trades beyond 167 ……..
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LSE:FOXT Foxtons. Close Mid-Price: 40 Percentage Change: + 2.43% Day High: 41.15 Day Low: 39
All Foxtons needs are mid-price trades ABOVE 41.15 to improve acceleratio ……..
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LSE:FRES Fresnillo. Close Mid-Price: 517.8 Percentage Change: + 0.23% Day High: 521.4 Day Low: 511.6
There seems to be something very wrong with this share price as weakness n ……..
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View Previous Fresnillo & Big Picture ***
LSE:GKP Gulf Keystone. Close Mid-Price: 138.4 Percentage Change: + 17.69% Day High: 142.2 Day Low: 120.9
Target met. Continued trades against GKP with a mid-price ABOVE 142.2 sho ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:GRG Greggs. Close Mid-Price: 2538 Percentage Change: + 0.00% Day High: 2574 Day Low: 2530
Further movement against Greggs ABOVE 2574 should improve acceleration to ……..
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View Previous Greggs & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 1152 Percentage Change: + 4.44% Day High: 1155 Day Low: 1108
In the event of Just Eat enjoying further trades beyond 1155, the share s ……..
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View Previous Just Eat & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 240.2 Percentage Change: + 3.53% Day High: 240.2 Day Low: 232.6
Target met. Further movement against Rolls Royce ABOVE 240.2 should impro ……..
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View Previous Rolls Royce & Big Picture ***
LSE:STAR Star Energy Close Mid-Price: 9.98 Percentage Change: -3.94% Day High: 10.4 Day Low: 9.51
Weakness on Star Energy below 9.51 will invariably lead to 8p with second ……..
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View Previous Star Energy & Big Picture ***