#Brent #Dax From our viewpoint, last week proved about as bad as it can get. Due to incompetence inspired by Covid-19 infections, we effectively competed in-house to expand upon any error made, eventually getting to the stage it was easiest just to walk away. Quite why it took 5 days for the golden rule “When in a hole, stop digging” to give a reasonable excuse to turn up the heating and just wrap up against the elements. Neither of us would recommend discovering a cheeky little 5 day work holiday due to Covid as it wasn’t a lot of fun. For me, sustenance for the week totalled; 3 mincemeat xmas pies, 4 lattes, 6 litres of fresh orange juice. My wife, on the other hand, suffered no appetite degradation instead, developing a need for constant pasta. It was all a very strange experience and not to be recommended, if only due to the “brains to mush” symptom.
Barclays Bank share price appears to be developing its own “brains to mush” symptoms, their share price once again retreating below a prior downtrend. This is rarely a comfortably signal, creating a scenario where below 144.5p should possibly make an attempt at 141 with our secondary, if broken, a very possible bottom price level at 136.3p. While our calculations do point to the strong potential of a bounce at 136p level, the danger should such a level break, if for an ongoing weakness cycle down to an eventual 99p. Unfortunately, the visuals on the chart make such a prospect fairly sensible, given prior history.
If Barclays intend make a serious effort to improve their share price, now above 157.5p shall be viewed as extremely significant, calculation with the potential of a lift to an initial 168 with our secondary, if bettered, at 181p.
Unfortunately, for now, we regard it as heading to 136.3p and unlike a Covid wheeze, pouring Covonia over it looks unlikely to bear fruit.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 10:29:31PM | BRENT | 7821.2 | 7785 | 7735 | 7625 | 7868 | 7862 | 7886 | 7920 | 7824 |
| 10:32:36PM | GOLD | 2048.83 | ||||||||
| 10:34:57PM | FTSE | 7627 | ||||||||
| 10:38:01PM | STOX50 | 4482.2 | ||||||||
| 10:55:46PM | GERMANY | 16712.4 | 16537 | 16528 | 16423 | 16619 | 16717 | 16807 | 16897 | 16670 |
| 10:58:16PM | US500 | 4776.4 | ||||||||
| 11:04:55PM | DOW | 37539.6 | ||||||||
| 11:08:20PM | NASDAQ | 16802.6 | ||||||||
| 11:12:33PM | JAPAN | 35504 |
12/01/2024 FTSE Closed at 7624 points. Change of 0.63%. Total value traded through LSE was: £ 5,758,721,485 a change of -30.28%
11/01/2024 FTSE Closed at 7576 points. Change of -0.98%. Total value traded through LSE was: £ 8,259,450,269 a change of 68.77%
10/01/2024 FTSE Closed at 7651 points. Change of -0.42%. Total value traded through LSE was: £ 4,893,879,848 a change of -19.09%
9/01/2024 FTSE Closed at 7683 points. Change of -0.14%. Total value traded through LSE was: £ 6,048,276,632 a change of 28.89%
8/01/2024 FTSE Closed at 7694 points. Change of 0.07%. Total value traded through LSE was: £ 4,692,765,125 a change of -13.08%
7/01/2024 FTSE Closed at 7689 points. Change of -0.44%. Total value traded through LSE was: £ 5,398,845,060 a change of 19.89%
4/01/2024 FTSE Closed at 7723 points. Change of -100%. Total value traded through LSE was: £ 4,502,996,889 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:DARK Darktrace Plc** **LSE:HIK Hikma** **LSE:IGG IG Group** **LSE:ITRK Intertek** **LSE:SRP Serco** **
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Updated charts published on : Darktrace Plc, Hikma, IG Group, Intertek, Serco,
LSE:DARK Darktrace Plc Close Mid-Price: 352.4 Percentage Change: -3.69% Day High: 375 Day Low: 351.6
In the event of Darktrace Plc enjoying further trades beyond 375, the sha ……..
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View Previous Darktrace Plc & Big Picture ***
LSE:HIK Hikma. Close Mid-Price: 1929.5 Percentage Change: + 1.39% Day High: 1929.5 Day Low: 1904.5
Continued trades against HIK with a mid-price ABOVE 1929.5 should improve ……..
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View Previous Hikma & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 778 Percentage Change: + 1.43% Day High: 784.5 Day Low: 766.5
All IG Group needs are mid-price trades ABOVE 784.5 to improve accelerati ……..
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View Previous IG Group & Big Picture ***
LSE:ITRK Intertek. Close Mid-Price: 4354 Percentage Change: + 1.44% Day High: 4376 Day Low: 4299
Further movement against Intertek ABOVE 4376 should improve acceleration ……..
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View Previous Intertek & Big Picture ***
LSE:SRP Serco. Close Mid-Price: 167 Percentage Change: + 2.14% Day High: 168.1 Day Low: 163.8
All Serco needs are mid-price trades ABOVE 168.1 to improve acceleration ……..
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View Previous Serco & Big Picture ***