#GOLD #WALLStThe UK market responded rather well to the news the Prime Minister has finally done something for the good of the country, resigning. Of course, the jury is out on the subject of the next bloke being useful, coming from Manchester and the stomping ground for the grooming brigade. We would have expected the guy would have been all over the media historically but instead, he’s generally opted for the safe route by remaining silent on the dreadful situation within his control area. Doubtless, the media shall start digging into this, once the (expected) next Prime Minister settles in to his place at the trough.
Meanwhile, Persimmon, nothing to do with the fantastic fruit from Spain which they are named after but we finally got around to enjoying a tray. Some hope is apparently deserved for Persimmon share price as it’s been refusing to collapse despite plenty of signals suggesting grabbing a parachute might be a good idea. Below the 10 quid level risks promoting the idea of reversal to an initial 771p with our secondary, if broken, at 502p.
Balancing this gloomy scenario, our previous report calculated with a target of 1,441p, a price level successfully exceeded with the share eventually reaching 1,560p and making us look stupid for our previous calculation. The implicit suggestion is for strength in the share price and despite the immediate situation, we should plan for happy days ahead. Should this be the case, it will be worth watching .
Apparently, above 1,0053p should trigger recovery to a relatively useless 1,096p. Our secondary, if bettered, works out at a more useful 1,224p and dumps the share price into a zone where long term Big Picture potentials are possible at around 1,306p and exceeding the long term downtrend since 2021. This would be quite a big deal.
For now, alas, the share price is porking around in the doldrums, trying to make the idea of reversals looks valid. We suspect the converse shall prove to be the case.And the weather is also good with a Grand Prix imminent.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:17:17PM | BRENT | 7781.1 | |||||||||
| 11:24:02PM | GOLD | 4189.97 | 4137 | 4100 | 4060 | 4179 | 4221 | 4226 | 4261 | 4183 | |
| 11:47:57PM | FTSE | 10414.7 | Shambles | ||||||||
| 11:53:41PM | STOX50 | 6303.7 | |||||||||
| 11:57:10PM | GERMANY | 25046.7 | Success | ||||||||
| 12:08:00AM | US500 | 7464.4 | ‘cess | ||||||||
| 11:38:52PM | DOW | 51757 | 51600 | 51488 | 51354 | 51798 | 51894 | 52026 | 52261 | 51692 | Success |
| 11:42:50PM | NASDAQ | 30188.6 | Shambles | ||||||||
| 11:45:40PM | JAPAN | 71984 | Success |
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:AML Aston Martin** **LSE:AV. Aviva** **LSE:BARC Barclays** **LSE:EZJ EasyJet** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:LLOY Lloyds Grp.** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:STAN Standard Chartered** **LSE:TSCO Tesco** **
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Updated charts published on : Aston Martin, Aviva, Barclays, EasyJet, HSBC, British Airways, Lloyds Grp., National Glib, Natwest, Ocado Plc, Standard Chartered, Tesco,
LSE:AML Aston Martin. Close Mid-Price: 39.3 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Continued weakness against AML taking the price below 38.5 calculates as ……..
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View Previous Aston Martin & Big Picture ***
LSE:AV. Aviva. Close Mid-Price: 644.6 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Continued trades against AV. with a mid-price ABOVE 651.6 should improve ……..
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View Previous Aviva & Big Picture ***
LSE:BARC Barclays. Close Mid-Price: 516 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Further movement against Barclays ABOVE 516.6 should improve acceleration ……..
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View Previous Barclays & Big Picture ***
LSE:EZJ EasyJet. Close Mid-Price: 518 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. Continued trades against EZJ with a mid-price ABOVE 531.2 sho ……..
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View Previous EasyJet & Big Picture ***
LSE:HSBA HSBC. Close Mid-Price: 1451.4 Percentage Change: + 0.00% Day High: 0 Day Low: 0
In the event of HSBC enjoying further trades beyond 1455.8, the share sho ……..
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View Previous HSBC & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 465.8 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Continued trades against IAG with a mid-price ABOVE 467.9 should improve ……..
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View Previous British Airways & Big Picture ***
LSE:LLOY Lloyds Grp.. Close Mid-Price: 109.2 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. All Lloyds Grp. needs are mid-price trades ABOVE 109.2 to imp ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 1221 Percentage Change: + 0.00% Day High: 0 Day Low: 0
This is not looking good. Travel below 1175 risks triggering a visit to 10 ……..
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View Previous National Glib & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 663 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. Continued trades against NWG with a mid-price ABOVE 666.2 sho ……..
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View Previous Natwest & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 170.6 Percentage Change: + 0.00% Day High: 0 Day Low: 0
If Ocado Plc experiences continued weakness below 170.1p, it will invaria ……..
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View Previous Ocado Plc & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 2071 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Further movement against Standard Chartered ABOVE 2099 should improve acc ……..
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View Previous Standard Chartered & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 449.3 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Weakness on Tesco below 436.6 will invariably lead to 411p with our secon ……..
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View Previous Tesco & Big Picture ***