#FTSE #WallSt One of our “things” is to watch, carefully, is for a share price reacting to a trend. In the case of Prudence, there’s no doubt the Blue downtrend since 2018 has assumed some importance to the share price. It is currently surfing the trend, creating a mildly scary image. But it is worth pausing to consider how the price ended in this situation. It dropped below the trend at 964p, then achieved some slight recovery above the trend a few days later and has paused. Usually (and in this instance)., some confidence can be taken with a price trading above the level of the trend break. In other words, the opposite of a Red Flag…
If we assume confidence for Prudential, a share price next above just 1,020p (the high following the trend break) should trigger near term gains to an initial 1,096p with our secondary, if bettered, at a pretty useful looking 1,203p. This secondary becomes a pretty big deal, demanding the share price close above 1,203p to open a long term route toward the 14 quid level.
We are optimistic for gains.
However, if things intend go wrong, the price only needs below 962p to cause problems, opening a scenario where reversal to an initial 837 looks possible with our secondary, if broken, down at 734p and hopefully a price rebound. Visually,. this makes little sense.
Prudential is looking relatively hopeful for the future, though crossing fingers may not be the worst strategy.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:51:09PM | BRENT | 7357.9 | |||||||||
| 10:54:31PM | GOLD | 4016.78 | |||||||||
| 10:56:56PM | FTSE | 10509 | 10470 | 10448 | 10421 | 10505 | 10530 | 10551 | 10601 | 10490 | |
| 10:59:10PM | STOX50 | 6254.3 | |||||||||
| 11:01:11PM | GERMANY | 24729.3 | |||||||||
| 11:40:03PM | US500 | 7423.9 | |||||||||
| 11:43:27PM | DOW | 52114.6 | 51854 | 51726 | 51530 | 52033 | 52310 | 52413 | 52678 | 52110 | |
| 11:47:40PM | NASDAQ | 29661 | |||||||||
| 11:51:54PM | JAPAN | 69433 |
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:BBY BALFOUR BEATTY** **LSE:BP. BP PLC** **LSE:EZJ EasyJet** **LSE:HIK Hikma** **
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Updated charts published on : Astrazeneca, BALFOUR BEATTY, BP PLC, EasyJet, Hikma,
LSE:AZN Astrazeneca. Close Mid-Price: 14298 Percentage Change: + 0.00% Day High: 0 Day Low: 0
In the event of Astrazeneca enjoying further trades beyond 14386, the sha ……..
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View Previous Astrazeneca & Big Picture ***
LSE:BBY BALFOUR BEATTY. Close Mid-Price: 866 Percentage Change: + 0.00% Day High: 0 Day Low: 0
All BALFOUR BEATTY needs are mid-price trades ABOVE 878.5 to improve acce ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 472.7 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. In the event BP PLC experiences weakness below 468 it calcula ……..
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View Previous BP PLC & Big Picture ***
LSE:EZJ EasyJet. Close Mid-Price: 582 Percentage Change: + 0.00% Day High: 0 Day Low: 0
All EasyJet needs are mid-price trades ABOVE 587 to improve acceleration ……..
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View Previous EasyJet & Big Picture ***
LSE:HIK Hikma. Close Mid-Price: 1540 Percentage Change: + 0.00% Day High: 0 Day Low: 0
All Hikma needs are mid-price trades ABOVE 1540 to improve acceleration t ……..
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View Previous Hikma & Big Picture ***