#Gold #SP500 The name of this company has long brought a whimsical smile, always hoping the TV cartoon characters “The Smurfs” were somehow derived from the company name. It was quite disappointing to discover the company was formed in Ireland, named after Jefferson Smurfit in Dublin during 1934. Over the years since, the company has taken over quite a few other companies in the packaging field, most recently WestRock and again changing their identity to Smurfit Westrock from Smurfit Kappa.
With the change of name came a change of moniker for the stock markets, LSE:SWR replacing LSE:SKG with an associated loss of historical trading data!
We’ve cheated a little on the chart below, merging the history of Smurfit Kappa with the just three sessions of the new listing, hopefully giving a reasonable clue as to what is happening as there is insufficient data to justify the positive statements being issued about the “new” listing. Maybe they are correct as we’ve not investigated WestRock, other than to discover the new entity is regarded as one of the worlds largest paper and packaging producers. Maybe there is indeed a possibility of it soaring to new highs.
Currently, above just 3900 works out with the potential of triggering share price movement to an initial 4368p. Our secondary, should such a level be exceeded, calculates at a longer term 4805 and the potential for some hesitation for a while. At such a level, it shall certainly require another review.
Our converse scenario, if things intend go wrong, requires the share price to dip below 3300p as this risks provoking reversal to an initial 3043 with our secondary, should such a level be broken, coming in at a less likely longer term 2705p. We judge this to be “less likely” as it would break the uptrend since 2020, something few shares are currently doing.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 12:44:03AM | BRENT | 8521.4 | |||||||||
| 12:47:28AM | GOLD | 2372.09 | 2367 | 2364 | 2356 | 2376 | 2384 | 2389 | 2402 | 2374 | Success |
| 12:50:53AM | FTSE | 8202.8 | Success | ||||||||
| 12:54:04AM | STOX50 | 4968 | |||||||||
| 12:56:42AM | GERMANY | 18448.9 | Success | ||||||||
| 1:01:04AM | US500 | 5929.2 | 5616 | 5609 | 5600 | 5624 | 5638 | 5640 | 5721 | 5628 | |
| 1:04:32AM | DOW | 39691.8 | Success | ||||||||
| 1:10:25AM | NASDAQ | 20655 | Success | ||||||||
| 1:13:48AM | JAPAN | 42343 | ‘cess |
10/07/2024 FTSE Closed at 8193 points. Change of 0.66%. Total value traded through LSE was: £ 4,725,141,160 a change of -14.23%
9/07/2024 FTSE Closed at 8139 points. Change of -0.66%. Total value traded through LSE was: £ 5,509,291,048 a change of 31.2%
8/07/2024 FTSE Closed at 8193 points. Change of -0.12%. Total value traded through LSE was: £ 4,199,265,800 a change of -27.16%
5/07/2024 FTSE Closed at 8203 points. Change of -0.46%. Total value traded through LSE was: £ 5,765,215,799 a change of 61.04%
4/07/2024 FTSE Closed at 8241 points. Change of 0.86%. Total value traded through LSE was: £ 3,579,962,751 a change of -46.51%
3/07/2024 FTSE Closed at 8171 points. Change of 0.62%. Total value traded through LSE was: £ 6,692,388,368 a change of 28.25%
2/07/2024 FTSE Closed at 8121 points. Change of -0.55%. Total value traded through LSE was: £ 5,218,218,449 a change of 8.89% 
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:IAG British Airways** **LSE:IPF International Personal Finance** **LSE:NG. National Glib** **LSE:SDY Speedyhire** **LSE:VOD Vodafone** **
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Updated charts published on : Avacta, British Airways, International Personal Finance, National Glib, Speedyhire, Vodafone,
LSE:AVCT Avacta. Close Mid-Price: 82.5 Percentage Change: + 10.74% Day High: 83.5 Day Low: 74.05
Target met. Continued trades against AVCT with a mid-price ABOVE 83.5 sho ……..
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View Previous Avacta & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 178 Percentage Change: + 2.95% Day High: 180.3 Day Low: 176.75
In the event of British Airways enjoying further trades beyond 180.3, th ……..
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View Previous British Airways & Big Picture ***
LSE:IPF International Personal Finance. Close Mid-Price: 131.5 Percentage Change: + 2.33% Day High: 135 Day Low: 128
Further movement against International Personal Finance ABOVE 135 should ……..
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View Previous International Personal Finance & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 941.6 Percentage Change: + 1.27% Day High: 945 Day Low: 932.4
In the event of National Glib enjoying further trades beyond 945, the sha ……..
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View Previous National Glib & Big Picture ***
LSE:SDY Speedyhire. Close Mid-Price: 38.15 Percentage Change: + 5.10% Day High: 38.3 Day Low: 37.25
Target met. In the event of Speedyhire enjoying further trades beyond 38. ……..
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View Previous Speedyhire & Big Picture ***
LSE:VOD Vodafone. Close Mid-Price: 72.44 Percentage Change: + 2.03% Day High: 72.9 Day Low: 71.16
Further movement against Vodafone ABOVE 72.9 should improve acceleration ……..
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View Previous Vodafone & Big Picture ***