Trends and Targets for 26/06/2018

BARCLAYS (LSE:BARC) The UK Retail banks are like one of these bits of hard skin alongside a finger nail, tantalising and almost demanding attention every now and then. Of course, the experience usually culminates on some brief agony, along with a mental note never to do it again. Until, of course, the next time the opportunity arises. We keep feeling an equal need to revisit the UK retail banks.

Barclays share price is now emulating that little bit of finger (or nail), appearing attractive as everyone knows it’s not going to fall below 190p. Like the bit of nail, it’s just hanging there saying “you know you want to!”

What could go wrong?

In the case of Barclays, quite a lot. Despite the chart visuals suggesting the illusory concept of “resistance” exists at 190p, we have some considerable doubts. If we shuffle the numbers slightly, thanks to some opening second price gaps, the situation now is of trouble below a mid-price of 188.5p allowing the share price to wither somewhat with an initial drop target at 184.5p, this probably being capable of some sort of fake bounce. The real hustle begins when 184.5 breaks as continued reversal toward 174p looks very possible.

Unfortunately, this is a point where we need “get real” as the big picture magnetic attraction shall be regarded as a hopeful bottom at 157p.

To get out the immediate drop zone, the price need only accelerate beyond 203.5p. For now, we really lack optimism.

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

10:52:46PM

BRENT

74.68

10:54:59PM

GOLD

1266.05

1260

1257

1237

1285

1278

1284

1292

1264

10:57:15PM

FTSE

7505.67

Success

10:59:09PM

FRANCE

5289.2

11:02:24PM

GERMANY

12299

‘cess

11:05:24PM

US500

2720.77

Success

11:08:59PM

DOW

24286

‘cess

11:11:52PM

NASDAQ

7051.99

6972

6951

6939

7053

7175

7232.5

7319

7074

Success

11:13:55PM

JAPAN

22215

Success

25/06/2018 FTSE Closed at 7509 points. Change of -2.25%. Total value traded through LSE was: £ 6,031,040,113 a change of 108.27%
22/06/2018 FTSE Closed at 7682 points. Change of 1.67%. Total value traded through LSE was: £ corrupt
21/06/2018 FTSE Closed at 7556 points. Change of -0.93%. Total value traded through LSE was: £ corrupt
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%

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:BBY BALFOUR BEATTY** **LSE:FOXT Foxtons** **LSE:HL. Hargreaves Lansdown** **LSE:KAZ Kaz Minerals** **LSE:PMG Parkmead** **LSE:RMG Royal Male** **LSE:RTHM Rythm One** **LSE:STAN Standard Chartered** **LSE:TCG Thomas Cook Group** **LSE:VEC Vectura** **LSE:VED Vedanta** **LSE:VOG VICTORIA** **

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Updated charts published on : BALFOUR BEATTY, Foxtons, Hargreaves Lansdown, Kaz Minerals, Parkmead, Royal Male, Rythm One, Standard Chartered, Thomas Cook Group, Vectura, Vedanta, VICTORIA,


LSE:BBY BALFOUR BEATTY Close Mid-Price: 282.9 Percentage Change: -1.26% Day High: 286.1 Day Low: 282.5

2018=9

Ongoing drama below 282p suggests travel to 277 with some bounce potential ……..

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View Previous BALFOUR BEATTY & Big Picture ***


LSE:FOXT Foxtons Close Mid-Price: 56.5 Percentage Change: -1.91% Day High: 58 Day Low: 56.1

2018=35

Now below 56 and travel downward to an initial 50p remains extremely proba ……..

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View Previous Foxtons & Big Picture ***


LSE:HL. Hargreaves Lansdown Close Mid-Price: 1953.5 Percentage Change: -2.23% Day High: 1991 Day Low: 1951

2018=18

This has moved into a region where continued traffic below 1950 indicates ……..

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View Previous Hargreaves Lansdown & Big Picture ***


LSE:KAZ Kaz Minerals Close Mid-Price: 821.6 Percentage Change: -4.62% Day High: 862.8 Day Low: 818.6

2018=7

As feared, it appears this is going to the dork side as weakness below 818 ……..

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View Previous Kaz Minerals & Big Picture ***


LSE:PMG Parkmead Close Mid-Price: 58.4 Percentage Change: -7.01% Day High: 63.8 Day Low: 57

2018=70

This is not feeling great as weakness continuing below 53.5p enters a cycl ……..

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View Previous Parkmead & Big Picture ***


LSE:RMG Royal Male Close Mid-Price: 492 Percentage Change: -2.34% Day High: 502.4 Day Low: 489.1

2018=23

The situation now is of weakness below 489 bringing 480p next with seconda ……..

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View Previous Royal Male & Big Picture ***


LSE:RTHM Rythm One Close Mid-Price: 175 Percentage Change: -4.37% Day High: 187 Day Low: 175

2018=12

Continued weakness below 175 remains with the suggestion of 171 initially ……..

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View Previous Rythm One & Big Picture ***


LSE:STAN Standard Chartered Close Mid-Price: 692.8 Percentage Change: -2.57% Day High: 706.2 Day Low: 693.3

2018=12

Things are decidedly dodgy for Stan as weakness now below 693 indicates so ……..

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View Previous Standard Chartered & Big Picture ***


LSE:TCG Thomas Cook Group Close Mid-Price: 108.5 Percentage Change: -5.32% Day High: 113.4 Day Low: 108

2018=35

Weakness continuing below 108 confirms a path to 100 next with secondary, ……..

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View Previous Thomas Cook Group & Big Picture ***


LSE:VEC Vectura Close Mid-Price: 76.4 Percentage Change: -1.10% Day High: 78.3 Day Low: 76.1

2018=14

Weakness now below 76 points at 69p with some bounce potential. Secondary, ……..

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View Previous Vectura & Big Picture ***


LSE:VED Vedanta Close Mid-Price: 632.4 Percentage Change: -4.33% Day High: 665.4 Day Low: 631

2018=14

Weakness below 631 still confirms this on a cycle toward 618 next with sec ……..

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View Previous Vedanta & Big Picture ***


LSE:VOG VICTORIA Close Mid-Price: 27.5 Percentage Change: -7.95% Day High: 29 Day Low: 27.95

2018=70

Ongoing trouble below 27 remains with the suggestion of 23.5p next. Second ……..

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View Previous VICTORIA & 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:AMER Amerisur** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:BARC Barclays** **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:CEY Centamin** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **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:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:ITV ITV** **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: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:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SHP Shire** **LSE:SUMM Summit** **LSE:SXX Sirius Mins** **LSE:TAN Tanfield** **LSE:TLW Tullow** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:UKOG UK Oils and Gas** **LSE:VOD Vodafone** **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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