Trends and Targets for 15/06/2018

Created 14/06/2018 at 22:46

FTSE FOR FRIDAY (FTSE:UKX) It would be rather understating the issue when we mention some fairly strong grievances exist about movement on the FTSE on the 14th, during the first two hours. Basically, the market moved 8 points below a trigger level, then stuffed the drop logic.

Of course, this behaviour could simply related to the continuing underlying trend on the FTSE – we even mentioned 10,000 points as a longer term attraction at the start of the week. When strong upward numbers are available, we should know by now short positions will usually underperform. In reality though, our objection was the behaviour of a market, essentially flatlining below a trigger level and almost appearing to be luring short positions prior to a proper drop.

The impressive upward reversal closed the session in tempting territory, creating the situation where movements now above 7795 points should generate some further growth to an initial 7845 points. And if bettered, secondary calculates at a less likely 7935 points. If triggered, the tightest sane stop position looks like 7729 points.

What happens if 7729 points break?

It seems reversal to 7715 should be expected with secondary, if broken, down at 7688 points. If triggered, stop looks like 7755 points.

Have a good weekend.

Chart goes here

FTSE Closed at 7765 points. Total value traded through LSE was: £ 9,738,026,893

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:49:09PM

BRENT

75.72

10:51:16PM

GOLD

1302.59

Success

10:54:40PM

FTSE

7775.66

Shambles

10:57:37PM

FRANCE

5536.5

5480

5466.25

5413

5501

5556

5571.25

5595

5484

Success

11:04:03PM

GERMANY

13138

Success

11:08:18PM

US500

2781

‘cess

11:11:18PM

DOW

25168.8

11:13:09PM

NASDAQ

7275.37

7122

7086.5

7018

7190

7292.62

7309.75

7329

7242

Shambles

11:14:55PM

JAPAN

22867

‘cess

 

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

The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:ASC Asos** **LSE:BARC Barclays** **LSE:CEY Centamin** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:GKP Gulf Keystone** **LSE:HL. Hargreaves Lansdown** **LSE:IHG Intercontinental Hotels Group** **LSE:ITV ITV** **LSE:MKS Marks and Spencer** **LSE:OXIG Oxford Instruments** **LSE:POG Petrop etc** **LSE:RBS Royal Bank Scot** **LSE:RR. Rolls Royce** **LSE:TAN Tanfield** **LSE:TW. Taylor Wimpey** **LSE:UKOG UK Oils and Gas** **

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Updated charts published on : AFC Energy, Asos, Barclays, Centamin, EasyJet, Firstgroup, Gulf Keystone, Hargreaves Lansdown, Intercontinental Hotels Group, ITV, Marks and Spencer, Oxford Instruments, Petrop etc, Royal Bank Scot, Rolls Royce, Tanfield, Taylor Wimpey, UK Oils and Gas,


LSE:AFC AFC Energy Close Mid-Price: 8.64 Percentage Change: -1.14% Day High: 8.88 Day Low: 8.28

2018=70

This sleeping cliche of price movements appears to be making decisions as ……..

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View Previous AFC Energy & Big Picture ***


LSE:ASCLSE:ASC Asos. Close Mid-Price: 6834 Percentage Change: + 0.92% Day High: 6870 Day Low: 6726

2018=10

This is still fairly interesting as above 6870 should now provide an initi ……..

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View Previous Asos & Big Picture ***


LSE:BARCLSE:BARC Barclays. Close Mid-Price: 200.6 Percentage Change: + 1.37% Day High: 201.25 Day Low: 195.68

2018=12

The odd gap and spike downward at the open is a bit of a puzzle. Should we ……..

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View Previous Barclays & Big Picture ***


LSE:CEY Centamin Close Mid-Price: 119.5 Percentage Change: -0.21% Day High: 120.55 Day Low: 115.8

2018=35

It is still the case that below 115 makes a trip to 96p a pretty certain c ……..

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View Previous Centamin & Big Picture ***


LSE:EZJLSE:EZJ EasyJet. Close Mid-Price: 1796 Percentage Change: + 0.76% Day High: 1803.5 Day Low: 1761

2018=35

Target met or close enough. It’s now the case of movement exceeding 1804 i ……..

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View Previous EasyJet & Big Picture ***


LSE:FGP Firstgroup Close Mid-Price: 84 Percentage Change: -1.00% Day High: 84.4 Day Low: 80.5

2018=23

Target Met. Ongoing travel below 80p remains with a discount ride to 75p. ……..

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View Previous Firstgroup & Big Picture ***


LSE:GKPLSE:GKP Gulf Keystone. Close Mid-Price: 220 Percentage Change: + 3.04% Day High: 220 Day Low: 212.5

2018=10

Movement up above 220 still looks capable of an initial 222p. Secondary, i ……..

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View Previous Gulf Keystone & Big Picture ***


LSE:HL.LSE:HL. Hargreaves Lansdown. Close Mid-Price: 2088 Percentage Change: + 1.41% Day High: 2096 Day Low: 2041

2018=18

Now exceeding 2096 and we suspect a stutter awaits at 2151p. If bettered, ……..

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View Previous Hargreaves Lansdown & Big Picture ***


LSE:IHG Intercontinental Hotels Group Close Mid-Price: 4944 Percentage Change: -0.44% Day High: 5004 Day Low: 4888

2018=8

Above 5005p confirms a path toward 5242 next with secondary 5685p. It need ……..

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View Previous Intercontinental Hotels Group & Big Picture ***


LSE:ITVLSE:ITV ITV. Close Mid-Price: 174.65 Percentage Change: + 1.63% Day High: 174.95 Day Low: 170.6

2018=18

In what passes for normal, it still appears near term above 175p shall pro ……..

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View Previous ITV & Big Picture ***


LSE:MKSLSE:MKS Marks and Spencer. Close Mid-Price: 307 Percentage Change: + 1.49% Day High: 307.9 Day Low: 299.9

2018=18

This is interesting as it has closed beyond BLUE on the chart. As a result ……..

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View Previous Marks and Spencer & Big Picture ***


LSE:OXIGLSE:OXIG Oxford Instruments. Close Mid-Price: 1064 Percentage Change: + 4.72% Day High: 1078 Day Low: 1032

2018=10

Allegedly movement above 1078 should still lead to 1114 next. If exceeded, ……..

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View Previous Oxford Instruments & Big Picture ***


LSE:POGLSE:POG Petrop etc. Close Mid-Price: 8.33 Percentage Change: + 1.09% Day High: 8.75 Day Low: 7.89

2017=84

Recovery continuing above 8.75 still points at an initial 8.9p. If bettere ……..

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View Previous Petrop etc & Big Picture ***


LSE:RBSLSE:RBS Royal Bank Scot. Close Mid-Price: 263.6 Percentage Change: + 0.61% Day High: 264.6 Day Low: 259.8

2018=7

The spike down at the open tends give a slight undertaking some recovery – ……..

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View Previous Royal Bank Scot & Big Picture ***


LSE:RR.LSE:RR. Rolls Royce. Close Mid-Price: 882.8 Percentage Change: + 6.54% Day High: 883.6 Day Low: 845

2018=23

Target Met. Now above just 884 and we can anticipate movement to 896p next ……..

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View Previous Rolls Royce & Big Picture ***


LSE:TAN Tanfield Close Mid-Price: 10.75 Percentage Change: -8.12% Day High: 10.1 Day Low: 10.1

2018=35

This appears to be stuffing itself again as below 10.1 still indicates 9.8 ……..

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View Previous Tanfield & Big Picture ***


LSE:TW.LSE:TW. Taylor Wimpey. Close Mid-Price: 188.1 Percentage Change: + 1.05% Day High: 188.8 Day Low: 182.95

2018=23

The spike down at the open was curious, suggesting above 189p shall now pr ……..

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View Previous Taylor Wimpey & Big Picture ***


LSE:UKOGLSE:UKOG UK Oils and Gas. Close Mid-Price: 1.5 Percentage Change: + 46.34% Day High: 2.23 Day Low: 1.02

2018=35

Target Met. That took its sweet time. Now above 2.28 is liable to be a rea ……..

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View Previous UK Oils and Gas & Big Picture ***


*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.

Click Epic to jump to share:LSE:AGM Applied Graph.** **LSE:AMER Amerisur** **LSE:AV. Aviva** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:BPC Bahamas Pet** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:KAZ Kaz Minerals** **LSE:LLOY Lloyds Grp.** **LSE:LMI LonMin** **LSE:MOS Mobile Streams** **LSE:NG. National Glug** **LSE:NIPT Premaltha** **LSE:OPG OPG Power Ventures** **LSE:PMG Parkmead** **LSE:PMO Premier** **LSE:POL Polo Resources** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:QFI Quadrise** **LSE:RED REDT** **LSE:RKH Rockhopper** **LSE:RMG Royal Male** **LSE:RTHM Rythm One** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SHP Shire** **LSE:STAN Standard Chartered** **LSE:SUMM Summit** **LSE:SXX Sirius Mins** **LSE:TCG Thomas Cook Group** **LSE:TLW Tullow** **LSE:TSCO Tesco** **LSE:VEC Vectura** **LSE:VED Vedanta** **LSE:VOD Vodafone** **LSE:VOG VICTORIA** **LSE:WTG Watchstone** **LSE:ZOL Zoldav** **

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Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!

Risk Warning & Notice to Investors

Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Trends and Targets Ltd, Shareprice, or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.

 

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