#Gold #Germany Once the largest brewer in the world, it was something of a surprise to peruse Wikipedia and discover the company are not longer in the business of supplying the good stuff. Instead, now operating as a hospitality company, they run the largest hotel chain in the UK and are spreading in Germany too. In addition, they’re the organisation behind chains of bland but reliable restaurants serving mass produced food.
We received a couple of emails asking for a quick opinion on Whitbread as something seems to be causing optimism but we didn’t need try terribly hard to spot a potential tripwire. From our perspective, there’s a very clear tripwire down at 2766p, this representing a price level below which the share dare not close a day. Such a movement would be dodgy, creating the risk of reversals down to an initial 2335p. Our secondary looks less likely but should such a level break, it works out at an eventual 1867p and a spectacular return to the lows of 2020.
However, if the emails received prove correct, there’s an expectation Whitbread are about to reverse the downward course they’ve been ploughing this year.
Should this be the case, above 2933p may perhaps trigger price recovery to an initial 3089p with our secondary, if bettered, at 3307p and almost certain hesitation. If the share price ever closes above 3307p, we shall regard this as potentially game changing, allowing for attempts in the longer term above 3700p and the high at the start of this year.
Perhaps worth raising a toast to, just not with a mug of Whitbread beer.
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FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:17:10PM | BRENT | 7742.9 | ‘cess | ||||||||
| 9:32:37PM | GOLD | 2503.52 | 2487 | 2478 | 2467 | 2497 | 2512 | 2526 | 2540 | 2495 | |
| 9:53:17PM | FTSE | 8338 | ‘cess | ||||||||
| 10:37:16PM | STOX50 | 4871.3 | ‘cess | ||||||||
| 10:42:55PM | GERMANY | 18423.1 | 18282 | 18216 | 18136 | 18342 | 18456 | 18587 | 19110 | 18280 | ‘cess |
| 11:16:25PM | US500 | 5601.6 | Success | ||||||||
| 11:22:17PM | DOW | 40890.5 | Success | ||||||||
| 11:29:02PM | NASDAQ | 19778.8 | Success | ||||||||
| 11:33:00PM | JAPAN | 37882 |
19/08/2024 FTSE Closed at 8356 points. Change of 0.54%. Total value traded through LSE was: £ 3,932,181,241 a change of -1.04%
16/08/2024 FTSE Closed at 8311 points. Change of -0.43%. Total value traded through LSE was: £ 3,973,574,909 a change of -9.98%
15/08/2024 FTSE Closed at 8347 points. Change of 0.8%. Total value traded through LSE was: £ 4,413,998,964 a change of 1.84%
14/08/2024 FTSE Closed at 8281 points. Change of 0.56%. Total value traded through LSE was: £ 4,334,159,938 a change of 16.54%
13/08/2024 FTSE Closed at 8235 points. Change of 0.3%. Total value traded through LSE was: £ 3,719,074,811 a change of -40.15%
12/08/2024 FTSE Closed at 8210 points. Change of 0.51%. Total value traded through LSE was: £ 6,213,997,853 a change of 45.06%
9/08/2024 FTSE Closed at 8168 points. Change of 0.29%. Total value traded through LSE was: £ 4,283,759,175 a change of -11.55% 
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:AV. Aviva** **LSE:BDEV Barrett Devs** **LSE:GKP Gulf Keystone** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:JET Just Eat** **LSE:SBRY Sainsbury** **LSE:TSCO Tesco** **
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Updated charts published on : Aviva, Barrett Devs, Gulf Keystone, IG Group, International Personal Finance, Just Eat, Sainsbury, Tesco,
LSE:AV. Aviva. Close Mid-Price: 506.6 Percentage Change: + 1.24% Day High: 507.8 Day Low: 498.2
Target met. Further movement against Aviva ABOVE 507.8 should improve acc ……..
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View Previous Aviva & Big Picture ***
LSE:BDEV Barrett Devs. Close Mid-Price: 554 Percentage Change: + 3.40% Day High: 554 Day Low: 537.2
Target met. In the event of Barrett Devs enjoying further trades beyond 5 ……..
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View Previous Barrett Devs & Big Picture ***
LSE:GKP Gulf Keystone. Close Mid-Price: 128.8 Percentage Change: + 1.66% Day High: 130.3 Day Low: 125.5
Continued trades against GKP with a mid-price ABOVE 130.3 should improve ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 975 Percentage Change: + 1.09% Day High: 980.5 Day Low: 960.5
Target met. Further movement against IG Group ABOVE 980.5 should improve ……..
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View Previous IG Group & Big Picture ***
LSE:IPF International Personal Finance. Close Mid-Price: 161 Percentage Change: + 2.22% Day High: 162 Day Low: 157.5
Target met. All International Personal Finance needs are mid-price trades ……..
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View Previous International Personal Finance & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 1102 Percentage Change: + 0.18% Day High: 1126 Day Low: 1094
In the event of Just Eat enjoying further trades beyond 1126, the share s ……..
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View Previous Just Eat & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 284.2 Percentage Change: + 1.28% Day High: 284.2 Day Low: 280
Target met. Continued trades against SBRY with a mid-price ABOVE 284.2 sh ……..
</p
View Previous Sainsbury & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 341.4 Percentage Change: + 0.06% Day High: 343.4 Day Low: 340
Target met. Further movement against Tesco ABOVE 343.4 should improve acc ……..
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View Previous Tesco & Big Picture ***