#STAGECOACH LSE:SGC #US500 #NK225 The share price of this lot allows us to take a “classroom” approach to this report. Essentially, it’s revealing something faintly interesting about trends. Sometimes they don’t mean a thing!
Of course, even when a trend isn’t viable, to us it can prove important.
We often take the approach of a new trend developing, if the market opts to manipulate the price of a share. In the case of Stagecoach, it was forced downward at the very end of 2015. If addicted to drawing lines, we look for the first upward spike following a gap and it becomes the anchor point for a trend. A series of process’ then commences to “prove” or “disprove” a trend as being viable.
Firstly, the chart shows a Light Blue line, the initial downtrend. The share price appears to respect it fairly accurately, even breaking through the downtrend at the start of 2017. Unfortunately, not only did the price fail to achieve Higher Highs after trend break, it achieved a Lower Low and thus began a further fall from grace, one which (surprisingly) seems to have respected the Light Blue line. This tends imply a degree of control was employed during relaxation from the 2 quid level. Aside from this possibly important detail, Light Blue can be ignored.
Second, there’s the GREEN line. This one is potentially quite a big deal as the price reached for a Higher High following the trend break back in June. The given implication is of some strength being present.
Finally, there’s the RED and BLUE lines. By coincidence, they converged the other day and the share price moved through them and beyond. It’s entirely possible one shall become the ruling trend (from our perspective) as the situation exists of movement now above 177p with a growth potential to 194p initially. Better still, if exceeded, secondary calculates at 242p.
A word of warning though; visually the share price appears ready to introduce a stumble around the 190p point, so even is our 194p ambition is achieved intraday, it’s going to require closure above 190p to make a longer term 242 a sensible ambition.
For now, the price is proving quite shy in movement, hence our requirement it climbs beyond 177p as this will imply strength is present from a bigger picture calculation.
Otherwise, if it intends get in trouble, below 125p would be really alarming, signalling another method of transport will be required due to the large drop potentials.
|
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
|
|
10:34:34PM |
BRENT |
72.96 |
||||||||||
|
10:36:16PM |
GOLD |
1196.46 |
‘cess |
|||||||||
|
10:38:48PM |
FTSE |
7540.9 |
Success |
|||||||||
|
10:40:52PM |
FRANCE |
5409.2 |
‘cess |
|||||||||
|
10:43:44PM |
GERMANY |
12348 |
‘cess |
|||||||||
|
10:46:15PM |
US500 |
2854.37 |
2850 |
2841 |
2831 |
2860 |
2862 |
2873.75 |
2884 |
2850 |
Success |
|
|
10:48:31PM |
DOW |
25756 |
‘cess |
|||||||||
|
10:51:25PM |
NASDAQ |
7358 |
‘cess |
|||||||||
|
10:53:40PM |
JAPAN |
22258 |
22044 |
21948.5 |
21804 |
22244 |
22385 |
22429.5 |
22558 |
22182 |
‘cess |
21/08/2018 FTSE Closed at 7565 points. Change of -0.34%. Total value traded through LSE was: £ 6,482,287,728 a change of 32.74%
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% 
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:HIK Hikma** **LSE:TAN Tanfield** **
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Updated charts published on : Amerisur, Hikma, Tanfield,
LSE:AMERLSE:AMER Amerisur. Close Mid-Price: 15.3 Percentage Change: + 3.73% Day High: 15.58 Day Low: 14.6
2018=70
Now above 15.6 and a near term 16 makes sense with secondary, if bettered, ……..
View Previous Amerisur & Big Picture ***
LSE:HIKLSE:HIK Hikma. Close Mid-Price: 1947.5 Percentage Change: + 2.34% Day High: 1966 Day Low: 1914.5
2018=14
Share price growth continuing above 1966 makes travel toward 2075 expected ……..
View Previous Hikma & Big Picture ***
LSE:TANLSE:TAN Tanfield. Close Mid-Price: 10.75 Percentage Change: + 2.38% Day High: 11 Day Low: 9.05
2018=35
Target Met. Now above 11p and a trip to an initial 12 makes sense. If bett ……..
View Previous Tanfield & 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: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:DGE Diageo** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **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:IGG IG Group** **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:RBS Royal Bank Scot** **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:TCG Thomas Cook Group** **LSE:TLW Tullow** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:UKOG UK Oils and Gas** **LSE:VEC Vectura** **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!
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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.