#Gold #SP500 We simply will not fly Ryanair or EasyJet for fairly straightforward reasons. The budget airlines, with their “Pile ’em high, sell ’em Cheap” attitude have made flying an often vile experience. The worry is, we are utterly confident they cut corners at every legal opportunity, not least being the fact their cabin crew are not paid unless the aircraft is moving. This, obviously, creates a situation where the cabin staff are unlikely to note sobriety problems, unruly passengers now a frequent story on budget flights. Equally, aboard an aircraft sliding along the runway when landing at Bristol a few years ago, it was evident the pressure to get to the destination had encouraged the flight crew to land in dreadful conditions on an unsafe and poorly maintained airport runway. The entire industry (in the UK) has moved from “Best Practice” to “Cheapest Legal Practice”, making it difficult to summon any enthusiasm for their share prices. To be concise, this writer has not flown since the Easyjet incident.
However…
It seems the market may not agree with our gut reaction to Easyjet and their share price performance, though it may be more to do with the current 4.7Bn pound takeover bid, rather than the thickness of their toilet paper.
Above 542p should now trigger movement to an initial 571p with our longer term secondary, if exceeded, working out at 652p. This secondary is important with closure around such a level creating an “official higher high”, bettering the glass ceiling since 2022 and serving optimism for the market place. The funny thing, in a takeover situation, third level targets often appear which should be of benefit for shareholders. Nowadays, this is never our expectation and perhaps just above 652p shall be a reasonable hope for the future.
For things to go as wrong as a Bristol Airport landing, the share price needs dip below 478p as this risks triggering reversal to an eventual 375p.
On the bright side, we’re slowly edging up to the Austrian Grand Prix, usually one of the better fixtures with some seriously impressive camera angles. Hopefully the race proves more enjoyable than tonight’s Scotland/Brazil footie match, the South American side letting the visually terrified Scottish team off lightly. Apparently, this was the 5th or 6th time Scotland has faced Brazil, historically their best result being a draw, when both sides presumably got bored and walked off to watch the grass growing.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:19:49PM | BRENT | 7336 | Success | ||||||||
| 10:26:55PM | GOLD | 4001.19 | 3960 | 3919 | 3764 | 4042 | 4225 | 4332 | 4456 | 4048 | |
| 11:37:43PM | FTSE | 10456 | |||||||||
| 11:40:21PM | STOX50 | 6231.9 | |||||||||
| 11:45:18PM | GERMANY | 24757.4 | |||||||||
| 11:48:10PM | US500 | 7410.7 | 7336 | 7327 | 7293 | 7393 | 7428 | 7468 | 7512 | 7382 | Shambles |
| 11:56:12PM | DOW | 51918.5 | ‘cess | ||||||||
| 11:42:21PM | NASDAQ | 29809.4 | ‘cess | ||||||||
| 11:50:59PM | JAPAN | 71131 | 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:AZN Astrazeneca** **LSE:BP. BP PLC** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:HIK Hikma** **LSE:IAG British Airways** **
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Updated charts published on : Astrazeneca, BP PLC, EasyJet, Fresnillo, Hikma, British Airways,
LSE:AZN Astrazeneca. Close Mid-Price: 13910 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Further movement against Astrazeneca ABOVE 14383 with our secondary, if b ……..
</p
View Previous Astrazeneca & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 480.05 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. If BP PLC experiences continued weakness below 480.05, it wil ……..
</p
View Previous BP PLC & Big Picture ***
LSE:EZJ EasyJet. Close Mid-Price: 539.6 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Further movement against EasyJet ABOVE 541.6 should improve acceleration ……..
</p
View Previous EasyJet & Big Picture ***
LSE:FRES Fresnillo. Close Mid-Price: 2773 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. Continued weakness against FRES taking the price below 2680 c ……..
</p
View Previous Fresnillo & Big Picture ***
LSE:HIK Hikma. Close Mid-Price: 1527 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Continued trades against HIK with a mid-price ABOVE 1535 should improve t ……..
</p
View Previous Hikma & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 480.9 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. Further movement against British Airways ABOVE 481 should im ……..
</p
View Previous British Airways & Big Picture ***