Trends and Targets for 25/06/2018

FTSE THIS WEEK (FTSE:UKX) Last week managed to pretty much conform to our expectations, right until the point when the FTSE opted to go slightly mad. Our problem was, the market ticked every box for the 7,500 level, flattened 50 points higher then erupted like a surprise pimple.

There’s a fairly large however lurking in the wings. And as always, it’s a BLUE line!

Currently, the FTSE requires exceed BLUE at 7,750 points to escape a path to 7,500 initially with secondary, when broken, at a bottom of 7,360 points. Unfortunately, it appears the high jinx of Friday only imparted sufficient near term strength for growth to 7705 points.

What happens in the event 7705 is bettered?

In theory we shall be looking for miracle recovery continuing to 7750 initially, essentially a donk against the downtrend. In the event 7750 is exceeded, things get a little more interesting at 7790 points along with the requirement we update our thinking.

Chart goes here

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

9:56:55PM

BRENT

75.62

73.74

73.01

72.14

75.24

75.75

76.365

77.58

74.24

Success

10:01:24PM

GOLD

1270

10:04:00PM

FTSE

7671.66

Success

10:06:35PM

FRANCE

5368

10:09:13PM

GERMANY

12556.15

10:11:08PM

US500

2754.17

10:13:37PM

DOW

24584

10:17:12PM

NASDAQ

7195.37

‘cess

10:19:04PM

JAPAN

22511

22387

22294

22183

22575

22627

22673.5

22769

22480

22/06/2018 FTSE Closed at 7682 points. Change of 1.67%. Total value traded through LSE was: £ corrupt data
21/06/2018 FTSE Closed at 7556 points. Change of -0.93%. Total value traded through LSE was: £ corrupt data
20/06/2018 FTSE Closed at 7627 points. Change of 0.32%. Total value traded through LSE was: £ 7,069,313,880 a change of -2.71%
19/06/2018 FTSE Closed at 7603 points. Change of -0.37%. Total value traded through LSE was: £ 7,266,497,554 a change of 32.03%
18/06/2018 FTSE Closed at 7631 points. Change of -0.03%. Total value traded through LSE was: £ 5,503,551,631 a change of -58.08%
15/06/2018 FTSE Closed at 7633 points. Change of -1.7%. Total value traded through LSE was: £ 13,127,209,955 a change of 34.8%
14/06/2018 FTSE Closed at 7765 points. Change of 0.8%. Total value traded through LSE was: £ 9,738,026,893 a change of 39.41%

 

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:AMER Amerisur** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:GKP Gulf Keystone** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:RMG Royal Male** **LSE:SBRY Sainsbury** **LSE:TW. Taylor Wimpey** **LSE:VEC Vectura** **LSE:VED Vedanta** **

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Updated charts published on : Amerisur, BALFOUR BEATTY, Barrett Devs, Gulf Keystone, IQE, ITV, Royal Male, Sainsbury, Taylor Wimpey, Vectura, Vedanta,


LSE:AMERLSE:AMER Amerisur. Close Mid-Price: 14.98 Percentage Change: + 0.00% Day High: 26 Day Low: 26

2018=70

Continued weakness below 14p indicates a fake bounce at 13p, prior to it e ……..

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View Previous Amerisur & Big Picture ***


LSE:BBYLSE:BBY BALFOUR BEATTY. Close Mid-Price: 284.8 Percentage Change: + 0.32% Day High: 287.5 Day Low: 284.3

2018=9

Target Met. Ongoing drama below 284p suggests travel to 277 with some boun ……..

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View Previous BALFOUR BEATTY & Big Picture ***


LSE:BDEVLSE:BDEV Barrett Devs. Close Mid-Price: 522.6 Percentage Change: + 0.93% Day High: 527 Day Low: 519.4

2018=12

Continued traffic below 519 suggest 503 next with secondary, if broken, at ……..

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View Previous Barrett Devs & Big Picture ***


LSE:GKPLSE:GKP Gulf Keystone. Close Mid-Price: 231.5 Percentage Change: + 0.97% Day High: 207.5 Day Low: 203.5

2018=10

Target Met. Now above 249p and a stutter feels pretty certain at the 255p ……..

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View Previous Gulf Keystone & Big Picture ***


LSE:IQE IQE Close Mid-Price: 100.7 Percentage Change: -0.68% Day High: 104.4 Day Low: 101.7

2018=10

This is not looking great as weakness continuing below 100.7 suggests 97.7 ……..

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View Previous IQE & Big Picture ***


LSE:ITVLSE:ITV ITV. Close Mid-Price: 176.6 Percentage Change: + 0.95% Day High: 175.7 Day Low: 173.35

2018=18

It still appears near term above 178p shall promote movement up to 181p fa ……..

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View Previous ITV & Big Picture ***


LSE:RMGLSE:RMG Royal Male. Close Mid-Price: 503.8 Percentage Change: + 1.27% Day High: 160 Day Low: 153

2018=23

The situation now is of weakness below 493 bringing 480p next with seconda ……..

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View Previous Royal Male & Big Picture ***


LSE:SBRYLSE:SBRY Sainsbury. Close Mid-Price: 317.5 Percentage Change: + 0.26% Day High: 312 Day Low: 310

2018=23

In what passes for sensible, it now appears movement above 318p should pro ……..

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View Previous Sainsbury & Big Picture ***


LSE:TW.LSE:TW. Taylor Wimpey. Close Mid-Price: 181.1 Percentage Change: + 1.18% Day High: 181.6 Day Low: 178.15

2018=23

Continued traffic below 178 remains indicative of weakness to an initial 1 ……..

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View Previous Taylor Wimpey & Big Picture ***


LSE:VEC Vectura Close Mid-Price: 77.25 Percentage Change: -4.40% Day High: 1057.6 Day Low: 986

2018=14

Weakness now below 77 points at 69p with some bounce potential. Secondary, ……..

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View Previous Vectura & Big Picture ***


LSE:VEDLSE:VED Vedanta. Close Mid-Price: 661 Percentage Change: + 0.97% Day High: 207.5 Day Low: 203.5

2018=14

Weakness below 646 still confirms this on a cycle toward 618 next with sec ……..

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View Previous Vedanta & Big Picture ***


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

Click Epic to jump to share:LSE:AFC AFC Energy** **LSE:AGM Applied Graph.** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:BARC Barclays** **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:CEY Centamin** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:KAZ Kaz Minerals** **LSE:LLOY Lloyds Grp.** **LSE:LMI LonMin** **LSE:MKS Marks and Spencer** **LSE:MOS Mobile Streams** **LSE:NG. National Glug** **LSE:NIPT Premaltha** **LSE:OPG OPG Power Ventures** **LSE:OXIG Oxford Instruments** **LSE:PMG Parkmead** **LSE:PMO Premier** **LSE:POG Petrop etc** **LSE:POL Polo Resources** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:QFI Quadrise** **LSE:RBS Royal Bank Scot** **LSE:RED REDT** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:RTHM Rythm One** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SHP Shire** **LSE:STAN Standard Chartered** **LSE:SUMM Summit** **LSE:SXX Sirius Mins** **LSE:TAN Tanfield** **LSE:TCG Thomas Cook Group** **LSE:TLW Tullow** **LSE:TSCO Tesco** **LSE:UKOG UK Oils and Gas** **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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