Trends and Targets for 27/06/2018

Pets At Home Group (LSE:PETS) Curiosity regarding the future prospects for girls, featured in Penthouse magazine was assuaged with the formation of Pets at Home. Or so we thought… All joking aside, our two Golden Retrievers must surely contribute to the company bottom line and this brings a puzzle.

The share price has been falling, fairly remorselessly, since 2015. It would be reasonable to speculate where bottom should be found. A bottom ideally without a dogs nose jammed against it!

Currently trading around 129p, we suspect it remains on a track toward 111p and a point where we’d hope for a real bounce. Despite some recent dance steps giving the impression of 120p providing a solid foundation, we’re not entirely convinced as a, hopefully final, lunge down to 111p should serve to scare the pants off traders. A fairly serious issue exists should the price break 111p or worse, be ‘gapped’ down below such a point as it will tend move bottom to 84p. We do have two fairly important “rules” which demand a bounce around the 84p level.

We also need point out the share price is trading in a region with ultimate bottom down at 21p, requiring above BLUE at 193p to utterly nonsense such a calculation.

How can a bounce be judged to try and ascertain “bottom” is in?

The immediate situation requires the share price to trade in excess of 141p to enter a phase toward an initial 174p. If bettered, we’re able to calculate a secondary at a longer term 203p. This should comfortably exceed the 2015 downtrend and challenge prior highs, hinting at the coming formation of a glass ceiling at the 2 quid level.

Chart goes here

26/06/2018 FTSE Closed at 7537 points. Change of 0.37%. Total value traded through LSE was: £ 6,329,823,692 a change of 4.95%
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 0%
22/06/2018 FTSE Closed at 7682 points. Change of 1.67%. Total value traded through LSE was: £ 0
21/06/2018 FTSE Closed at 7556 points. Change of -0.93%. Total value traded through LSE was: £ 0
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%

 

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:25:21PM

BRENT

76.31

10:30:22PM

GOLD

1259.47

‘cess

10:32:49PM

FTSE

7569

10:44:56PM

FRANCE

5298.2

5277

5250

5202

5316

5316

5343

5365

5296

10:46:34PM

GERMANY

12291

10:49:49PM

US500

2723.32

2712

2701

2671

2733

2733

2738.5

2752

2720

10:52:12PM

DOW

24285

10:55:04PM

NASDAQ

7073.62

10:57:40PM

JAPAN

22301

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

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

Click Epic to jump to share: LSE:DGE Diageo** **LSE:FGP Firstgroup** **LSE:FRES Fresnillo** **LSE:GLEN Glencore Xstra** **LSE:KAZ Kaz Minerals** **LSE:RTHM Rythm One** **LSE:STAN Standard Chartered** **LSE:TCG Thomas Cook Group** **LSE:TSCO Tesco** **LSE:VEC Vectura** **LSE:VED Vedanta** **

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Updated charts published on : Diageo, Firstgroup, Fresnillo, Glencore Xstra, Kaz Minerals, Rythm One, Standard Chartered, Thomas Cook Group, Tesco, Vectura, Vedanta,


LSE:DGELSE:DGE Diageo. Close Mid-Price: 2690 Percentage Change: + 0.32% Day High: 2714.5 Day Low: 2655

2018=35

As the inset shows, some effort is being employed to stop this falling. De ……..

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View Previous Diageo & Big Picture ***


LSE:FGP Firstgroup Close Mid-Price: 79.45 Percentage Change: -0.56% Day High: 80.65 Day Low: 79

2018=23

Ongoing travel below 79p remains with a discount ride to 75p. Secondary if ……..

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View Previous Firstgroup & Big Picture ***


LSE:FRESLSE:FRES Fresnillo. Close Mid-Price: 1146 Percentage Change: + 0.04% Day High: 1154.5 Day Low: 1131

2018=35

Below 1131 still suggests weakness coming to 1112p and, ideally, a bounce ……..

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View Previous Fresnillo & Big Picture ***


LSE:GLEN Glencore Xstra Close Mid-Price: 367.25 Percentage Change: -0.47% Day High: 372.65 Day Low: 362.25

2018=23

Further weakness now below 362 indicates reversal to an initial 330 and ho ……..

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View Previous Glencore Xstra & Big Picture ***


LSE:KAZLSE:KAZ Kaz Minerals. Close Mid-Price: 823.2 Percentage Change: + 0.19% Day High: 840 Day Low: 815.8

2018=7

Weakness below 815 confirms travel down to an initial 788p. If broken, sec ……..

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View Previous Kaz Minerals & Big Picture ***


LSE:RTHM Rythm One Close Mid-Price: 172 Percentage Change: -1.71% Day High: 179 Day Low: 171

2018=12

Target Met. A small problem intrudes should this stumble below 171. Essent ……..

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View Previous Rythm One & Big Picture ***


LSE:STAN Standard Chartered Close Mid-Price: 690.9 Percentage Change: -0.27% Day High: 696.6 Day Low: 686.3

2018=12

Weakness now below 686 indicates some reversals to 668 where a bounce can ……..

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View Previous Standard Chartered & Big Picture ***


LSE:TCG Thomas Cook Group Close Mid-Price: 107 Percentage Change: -1.38% Day High: 108.2 Day Low: 106.2

2018=35

Weakness continuing below 106 sprays weadkiller on a path to 100 next with ……..

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View Previous Thomas Cook Group & Big Picture ***


LSE:TSCO Tesco Close Mid-Price: 257.2 Percentage Change: -1.49% Day High: 262.3 Day Low: 255.9

2018=23

This still seems to be performing according to the rules and above 263 sho ……..

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View Previous Tesco & Big Picture ***


LSE:VECLSE:VEC Vectura. Close Mid-Price: 76.7 Percentage Change: + 0.39% Day High: 78 Day Low: 73.75

2018=14

Weakness now below 73 points at 68p with some bounce potential. Secondary, ……..

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View Previous Vectura & Big Picture ***


LSE:VEDLSE:VED Vedanta. Close Mid-Price: 633.6 Percentage Change: + 0.19% Day High: 643.4 Day Low: 624.6

2018=14

Weakness below 624 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:AMER Amerisur** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:BARC Barclays** **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:CEY Centamin** **LSE:CPI Capita** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **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: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: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:RMG Royal Male** **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:TW. Taylor Wimpey** **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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