)#Gold #SP500 JD’s decision to deliver a late Christmas present to investors, starting 2024 with a cheery profits warning, managed to utterly trash their share price and movements since continue to sow confusion. What we find a little interesting are the number of emails asking where we can calculate an eventual bottom, suggesting folk are keeping a fairly close eye on the price.
Perhaps there is already a degree of inherent strength, the share already bouncing from the Red pandemic low uptrend. This bounce allows us to create a box ticking scenario, one where we can take movement above 118.75p as hopefully ticking the first box suggesting any gains may prove viable. As the share is currently trading around 115p, it certainly doesn’t have far to go for an attempt at our first major trigger level. Share price gains exceeding 118.75 calculate with the potential of a lift to an initial 124p with secondary, if beaten, at 136p.
It’s certainly curious how recovery such as this shall certainly tickle the forced price from from the start of this year, almost hinting the drop was perhaps overcooked. Confirmation of such will be given, if there’s any effort made to gap this share price upward as we will be inclined to believe a cycle of gains can be expected to continue.
Of course, there’s an obvious risk of trouble, thanks to companies generally being pretty circumspect when throwing around profit warnings. As a result, the worst may not be over yet and the share price now needs only slink below 105p to dial in the potential of a visit to 95p and a price level which is visually a bounce point. In the event such a level breaks, our secondary works out at 75p and we think any recovery from such a level shall require patience and probably the right market conditions.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:15:02PM | BRENT | 7949 | |||||||||
| 9:18:04PM | GOLD | 2020.16 | 2017 | 2013 | 2004 | 2026 | 2030 | 2035 | 2041 | 2023 | |
| 10:01:52PM | FTSE | 7487 | Shambles | ||||||||
| 10:03:43PM | STOX50 | 4471.7 | ‘cess | ||||||||
| 11:34:53PM | GERMANY | 16664.5 | ‘cess | ||||||||
| 11:41:01PM | US500 | 4852.2 | 4844 | 4834 | 4823 | 4858 | 4869 | 4896 | 4930 | 4844 | ‘cess |
| 11:44:56PM | DOW | 37996.5 | ‘cess | ||||||||
| 11:48:28PM | NASDAQ | 17341.5 | |||||||||
| 11:50:49PM | JAPAN | 36631 | ‘cess |
22/01/2024 FTSE Closed at 7487 points. Change of 0.35%. Total value traded through LSE was: £ 5,074,323,347 a change of -15.67%
19/01/2024 FTSE Closed at 7461 points. Change of 0.03%. Total value traded through LSE was: £ 6,017,076,844 a change of 5.37%
18/01/2024 FTSE Closed at 7459 points. Change of 0.17%. Total value traded through LSE was: £ 5,710,434,313 a change of 4.63%
17/01/2024 FTSE Closed at 7446 points. Change of -1.48%. Total value traded through LSE was: £ 5,457,663,350 a change of -3.81%
16/01/2024 FTSE Closed at 7558 points. Change of -0.47%. Total value traded through LSE was: £ 5,673,801,232 a change of 52.3%
15/01/2024 FTSE Closed at 7594 points. Change of -0.39%. Total value traded through LSE was: £ 3,725,366,941 a change of -35.31%
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% 
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:AVCT Avacta** **LSE:BP. BP PLC** **LSE:EME Empyrean** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GLEN Glencore Xstra** **LSE:GRG Greggs** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:SRP Serco** **
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Updated charts published on : Avacta, BP PLC, Empyrean, Foxtons, Fresnillo, Glencore Xstra, Greggs, Intercontinental Hotels Group, Serco,
LSE:AVCT Avacta Close Mid-Price: 101 Percentage Change: -2.88% Day High: 104 Day Low: 99.5
Target met. Weakness on Avacta below 99.5 will invariably lead to 98p wit ……..
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View Previous Avacta & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 446.05 Percentage Change: + 0.06% Day High: 448.35 Day Low: 441.1
If BP PLC experiences continued weakness below 441.1, it will invariably ……..
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View Previous BP PLC & Big Picture ***
LSE:EME Empyrean Close Mid-Price: 0.48 Percentage Change: -13.64% Day High: 0.5 Day Low: 0.4
Target met. If Empyrean experiences continued weakness below 0.4, it will ……..
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View Previous Empyrean & Big Picture ***
LSE:FOXT Foxtons. Close Mid-Price: 53.3 Percentage Change: + 2.30% Day High: 54 Day Low: 52.1
In the event of Foxtons enjoying further trades beyond 54, the share shou ……..
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View Previous Foxtons & Big Picture ***
LSE:FRES Fresnillo. Close Mid-Price: 477.8 Percentage Change: + 0.17% Day High: 484.8 Day Low: 474.9
In the event Fresnillo experiences weakness below 474.9 it calculates wit ……..
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View Previous Fresnillo & Big Picture ***
LSE:GLEN Glencore Xstra Close Mid-Price: 397.9 Percentage Change: -3.49% Day High: 414.75 Day Low: 397.45
Target met. If Glencore Xstra experiences continued weakness below 397.45 ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:GRG Greggs. Close Mid-Price: 2708 Percentage Change: + 0.67% Day High: 2732 Day Low: 2680
In the event of Greggs enjoying further trades beyond 2732, the share sho ……..
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View Previous Greggs & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 7490 Percentage Change: + 0.92% Day High: 7558 Day Low: 7432
Further movement against Intercontinental Hotels Group ABOVE 7558 should ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 45.12 Percentage Change: -3.90% Day High: 47.46 Day Low: 43.2
Target met. Continued weakness against ITM taking the price below 43.2 ca ……..
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View Previous ITM Power & Big Picture ***
LSE:SRP Serco. Close Mid-Price: 167.6 Percentage Change: + 0.84% Day High: 170 Day Low: 166.3
In the event of Serco enjoying further trades beyond 170, the share shoul ……..
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View Previous Serco & Big Picture ***