Trends and Targets for 1/08/2018

#Hummingbird (LSE:HUM) #CAC40 #SP500 It’s almost fraudulent claiming this is the end of July. We all know the month ended last week as there’s sod all happening. Brexit, Novichok and Meghan are all the media are concerned with. But the FTSE has powered up!

Oddly, this time of the year can also produce some surprise movements amongst shares and we’ve had a bunch of mails asking about the prospects for Hummingbird. If nothing else, it appears people are looking at it. As usual, we have taken absolutely no interest in what the company do, opting to focus on the numbers and strength potentials. Generally we find this approach fairly safe unless something game changing comes along.

With Hummingbird, we’re a little bit concerned though, due to the share price now managing to close marginally below a prior low of 29.8p. This unfortunately stuffed it into a region where traffic continuing below 28p will tend drive the price down to 25.75p, a point where a bounce can be hoped. It’s critical the price does not close below 25.75, due to our next drop target lurking at 24.75p along with a clear break of the RED uptrend since 2016. A move such as this stuffs the price into a region where “bottom” calculates at 11.5p.

However, there share price has been messing around aimlessly for most of this year and now need only find an excuse to exceed 33p to enter a cycle toward an initial 36p. Something like this will tend change direction quite rapidly, bettering the ruling downtrend and placing the price in a zone where above 36p is very liable to provoke further recovery to a game changing 44p and a region with 67p as an extremely viable longer term ambition.

In summary, despite it breaking below this years boring 5p price range, we rather suspect this to be a harbinger for some future upward travel rather than a warning the price intends hit the 11p floor level.

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

10:40:21PM

BRENT

73.67

‘cess

10:42:53PM

GOLD

1224.41

‘cess

10:47:36PM

FTSE

7763.76

Success

10:49:30PM

FRANCE

5505.5

5470

5449

5422

5498

5520

5534.75

5544

5494

Success

10:51:30PM

GERMANY

12845

‘cess

10:53:35PM

US500

2825.72

2801

2791

2772

2817

2826.5

2831.5

2843

2812

‘cess

10:57:07PM

DOW

25498

10:59:16PM

NASDAQ

7284.92

Success

11:01:03PM

JAPAN

22647

‘cess

 

31/07/2018 FTSE Closed at 7748 points. Change of 0.62%. Total value traded through LSE was: £ 5,355,409,774 a change of 3.16%
30/07/2018 FTSE Closed at 7700 points. Change of -0.01%. Total value traded through LSE was: £ 5,191,373,123 a change of -6.91%
27/07/2018 FTSE Closed at 7701 points. Change of 0.5%. Total value traded through LSE was: £ 5,576,810,683 a change of -9.57%
26/07/2018 FTSE Closed at 7663 points. Change of 0.07%. Total value traded through LSE was: £ 6,167,111,078 a change of 1.99%
25/07/2018 FTSE Closed at 7658 points. Change of -0.66%. Total value traded through LSE was: £ 6,046,971,973 a change of -8.48%
24/07/2018 FTSE Closed at 7709 points. Change of 0.71%. Total value traded through LSE was: £ 6,607,606,745 a change of 36.7%
23/07/2018 FTSE Closed at 7655 points. Change of -0.3%. Total value traded through LSE was: £ 4,833,553,865 a change of -19.07%

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:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:FOXT Foxtons** **LSE:HIK Hikma** **LSE:IGG IG Group** **LSE:RBS Royal Bank Scot** **LSE:TCG Thomas Cook Group** **LSE:TLW Tullow** **LSE:VEC Vectura** **

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Updated charts published on : Barclays, BALFOUR BEATTY, Foxtons, Hikma, IG Group, Royal Bank Scot, Thomas Cook Group, Tullow, Vectura,


LSE:BARCLSE:BARC Barclays. Close Mid-Price: 193.96 Percentage Change: + 0.52% Day High: 196.12 Day Low: 192.42

2018=12

Something happened! Now, above 196.12 indicates traffic upward to an initi ……..

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View Previous Barclays & Big Picture ***


LSE:BBYLSE:BBY BALFOUR BEATTY. Close Mid-Price: 294.5 Percentage Change: + 0.51% Day High: 295.2 Day Low: 292.6

2018=9

Ongoing growth now exceeding 296 indicates travel up to 302p next. If bett ……..

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View Previous BALFOUR BEATTY & Big Picture ***


LSE:FOXTLSE:FOXT Foxtons. Close Mid-Price: 58.9 Percentage Change: + 0.23% Day High: 94.28 Day Low: 94.02

2018=35

Target Met. Continued oomph above 60p will probably experience a stutter a ……..

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View Previous Foxtons & Big Picture ***


LSE:HIKLSE:HIK Hikma. Close Mid-Price: 1638 Percentage Change: + 1.71% Day High: 1659.5 Day Low: 1596.5

2018=14

Now above 1650 indicates 1723 next with secondary, if bettered, up at 1765 ……..

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View Previous Hikma & Big Picture ***


LSE:IGGLSE:IGG IG Group. Close Mid-Price: 921.5 Percentage Change: + 2.16% Day High: 922.5 Day Low: 902

2018=23

Target Met. It took two months! Now above 923 and it seems a stutter can b ……..

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View Previous IG Group & Big Picture ***


LSE:RBSLSE:RBS Royal Bank Scot. Close Mid-Price: 256.4 Percentage Change: + 1.14% Day High: 258.8 Day Low: 252.8

2018=7

Similar to Barcs, something has happened here and movement now above 259 s ……..

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View Previous Royal Bank Scot & Big Picture ***


LSE:TCG Thomas Cook Group Close Mid-Price: 96.6 Percentage Change: -0.26% Day High: 102.7 Day Low: 91.75

2018=35

Target Met or close enough. Now above 104p makes travel to an initial 108. ……..

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View Previous Thomas Cook Group & Big Picture ***


LSE:TLWLSE:TLW Tullow. Close Mid-Price: 227 Percentage Change: + 0.84% Day High: 229.3 Day Low: 224.8

2018=10

Target Met. We still expect a bit of a stutter around the 230 level (now) ……..

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View Previous Tullow & Big Picture ***


LSE:VECLSE:VEC Vectura. Close Mid-Price: 78 Percentage Change: + 8.33% Day High: 85 Day Low: 71

2018=14

Now above 85 and a visit to 86.75 makes a lot of sense. Prior highs along ……..

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View Previous Vectura & 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: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:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:ITV ITV** **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:RED REDT** **LSE:RKH Rockhopper** **LSE:RMG Royal Male** **LSE:RR. Rolls Royce** **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:TAN Tanfield** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:UKOG UK Oils and Gas** **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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