MERLIN (LSE:MERL #GOLD #CAC40 ) As financial volumes through London reach almost 1/3rd normal levels, many shares across the market continue to make weak, almost pretend, movements. The retail banks (the clown sector) all are signalling coming drops yet trading as if in denial.
Merlin on the other hand looks like it may have broken its wand, again! The price has finally moved below this years uptrend, now trading in a region where weakness below 365 suggests the price being slightly spellbound. Travel to an initial 345, along with a short term bounce looks perfectly viable. But if 345 is broken, we’re calculating 319p as a sane bottom where a real bounce can be hoped for.
Longer term, any break of 319p would be viewed as a “really bad thing”, taking the price into “lower low” territory with a potential floor level are 264 (at best).
However, there is not a great deal of magic required to inhibit the dangers as it now requires trade above just 385p to suggest coming strength to an initial 405p. Given this exceeds the downtrend since 2017, it appears reasonable to plan for 441p as a secondary target.
Normally we’d be perfectly comfortable this share intends 319p eventually but something quite surprising has appeared amongst our varied calculations. Three distinctly different formula, each taking a different approach, suggest this share wants to go to 441p. Alas, the timeframe element does not inform us as to what century we should plan for…
|
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
|
|
9:55:46PM |
BRENT |
72.42 |
||||||||||
|
10:01:58PM |
GOLD |
1190.74 |
1182 |
1180.5 |
1177 |
1191 |
1191 |
1196 |
1202 |
1182 |
‘cess |
|
|
10:04:21PM |
FTSE |
7593.49 |
‘cess |
|||||||||
|
10:09:29PM |
FRANCE |
5373.5 |
5350 |
5331.5 |
5310 |
5385 |
5397 |
5409.5 |
5453 |
5350 |
‘cess |
|
|
10:19:09PM |
GERMANY |
12315.9 |
Success |
|||||||||
|
10:23:07PM |
US500 |
2857.02 |
||||||||||
|
10:26:05PM |
DOW |
25755.6 |
‘cess |
|||||||||
|
10:27:40PM |
NASDAQ |
7375.72 |
‘cess |
|||||||||
|
10:31:48PM |
JAPAN |
22173 |
20/08/2018 FTSE Closed at 7591 points. Change of 0.44%. Total value traded through LSE was: £ 4,883,481,928 a change of -2.25%
17/08/2018 FTSE Closed at 7558 points. Change of 0.03%. Total value traded through LSE was: £ 4,995,924,570 a change of -18.94%
16/08/2018 FTSE Closed at 7556 points. Change of 0.79%. Total value traded through LSE was: £ 6,163,458,056 a change of -7.57%
15/08/2018 FTSE Closed at 7497 points. Change of -1.5%. Total value traded through LSE was: £ 6,668,537,339 a change of 18.15%
14/08/2018 FTSE Closed at 7611 points. Change of -0.41%. Total value traded through LSE was: £ 5,644,123,716 a change of 21.53%
13/08/2018 FTSE Closed at 7642 points. Change of -0.33%. Total value traded through LSE was: £ 4,644,175,815 a change of -12.56%
10/08/2018 FTSE Closed at 7667 points. Change of -0.96%. Total value traded through LSE was: £ 5,311,037,680 a change of 2.17% 
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:CBUY Cloudbuy** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:KAZ Kaz Minerals** **
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Updated charts published on : Cloudbuy, Glencore Xstra, Hikma, Hargreaves Lansdown, Kaz Minerals,
LSE:CBUY Cloudbuy Close Mid-Price: 2.9 Percentage Change: -3.33% Day High: 3 Day Low: 2.9
2018=23
This is behaving badly as weakness continuing below 2.9p suggests travel d ……..
View Previous Cloudbuy & Big Picture ***
LSE:GLENLSE:GLEN Glencore Xstra. Close Mid-Price: 306.05 Percentage Change: + 0.34% Day High: 314.5 Day Low: 307.15
2018=23
Target Met. It was a pity this did not close the session higher as the pri ……..
View Previous Glencore Xstra & Big Picture ***
LSE:HIKLSE:HIK Hikma. Close Mid-Price: 1903 Percentage Change: + 4.68% Day High: 1919 Day Low: 1824
2018=14
This still appears to be embracing a set of big picture movements, so now ……..
View Previous Hikma & Big Picture ***
LSE:HL.LSE:HL. Hargreaves Lansdown. Close Mid-Price: 2201 Percentage Change: + 1.34% Day High: 2213 Day Low: 2177
2018=18
Target Met or sufficiently close. Now above 2218 and a visit to 2244 looks ……..
View Previous Hargreaves Lansdown & Big Picture ***
LSE:KAZ Kaz Minerals Close Mid-Price: 471.3 Percentage Change: -1.50% Day High: 502.2 Day Low: 469.4
2018=7
Further weakness now below 466 indicates 419 with some bounce potential. I ……..
View Previous Kaz Minerals & Big Picture ***
*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.
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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!
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