Barclays 16/12/2019

#Brent #Dax The Xmas Gestapo never forget! After an elm tree in the front garden was decorated with twinkle lights, the lady of the house drove past repeatedly, clambered down to the shore to inspect the job, eventually admitting the display was ‘safe’. A “Top Gear / Grand Tour” inspired illuminated manhood shape still has not been forgotten nor forgiven. Talking of which, Barclays springs to mind and their surprise elevation on Friday with the election result.

Our previous report (link) suggested criteria to drag Barclays up to 187p, a feat it achieved on Friday. We now need examine its potentials with greater scrutiny than Mrs T&T employed with the exterior Xmas light placement. (Thankfully, she did not fly a drone over the back garden! With LED lighting available at 4 quid for 10 metres, creative design proved easy.)

A detail of enormous importance and one worth watching for is the risk of the market finding an excuse to reverse Barclays below Blue on the chart. This could easily create one of our GaGa movements, a Gap Up/Gap Down. The formula we employ with this sort of nonsense indicates should Barclays share price now be trashed below Blue (presently 173p), it’s going to find its way down to 110p eventually.

At present, absolutely nothing suggests this is coming but it’s worth remembering something important about politics. Often, something which looks good on the day, looks rather jaded, when examined in detail!

For now, we’re pretty impressed with the shares immediate performance and now, movement above 188p is supposed to be capable of an initial 204p. Despite the 2 quid level visually suggesting a ‘glass ceiling in waiting’, we’re not so sure as above 204p should make 224pp difficult to avoid.

In summary, quite a lot of hints are saying this intends 204p. Beyond such a level and we start to develop doubts.

Hey, 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

4:55:51PM

BRENT

64.49

64

63.55

62.95

64.85

65.35

65.7

66.49

64.01

Success

4:57:40PM

GOLD

                 

5:00:53PM

FTSE

                 

‘cess

5:06:25PM

FRANCE

                 

‘cess

5:09:21PM

GERMANY

13315.21

13249

13207.5

13124

13337

13458

13498

13560

13300

Success

5:11:37PM

US500

                 

5:13:33PM

DOW

                 

‘cess

5:31:13PM

NASDAQ

                 

5:35:05PM

JAPAN

                 

Success

13/12/2019 FTSE Closed at 7353 points. Change of 1.1%. Total value traded through LSE was: £ 10,792,434,555 a change of 97.15%

12/12/2019 FTSE Closed at 7273 points. Change of 0.79%. Total value traded through LSE was: £ 5,474,098,560 a change of -29.24%

11/12/2019 FTSE Closed at 7216 points. Change of 0.04%. Total value traded through LSE was: £ 7,735,942,999 a change of 44.42%

10/12/2019 FTSE Closed at 7213 points. Change of -0.28%. Total value traded through LSE was: £ 5,356,569,029 a change of 11.8%

9/12/2019 FTSE Closed at 7233 points. Change of -0.08%. Total value traded through LSE was: £ 4,791,115,303 a change of -0.49%

6/12/2019 FTSE Closed at 7239 points. Change of 1.43%. Total value traded through LSE was: £ 4,814,897,408 a change of -16.68%

5/12/2019 FTSE Closed at 7137 points. Change of -0.71%. Total value traded through LSE was: £ 5,778,792,615 a change of 2.21%

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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!

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Updated charts published on : AFC Energy, Barclays, BALFOUR BEATTY, Barrett Devs, Bowleven, BP PLC, Capita, Diageo, EasyJet, Foxtons, Hargreaves Lansdown, Hurrican Energy, British Airways, Igas Energy, IG Group, Intercontinental Hotels Group, ITV, Kaz Minerals, Lloyds Grp., Marks and Spencer, National Glug, Premier, Quadrise, Royal Bank Scot, Royal Male, Sainsbury, Speedyhire, Tullow, Tesco, Taylor Wimpey, Zoldav, Zoo Digital,

LSE:AFC AFC Energy Close Mid-Price: 14.47 Percentage Change: -3.02% Day High: 15.5 Day Low: 14.05

This remains dangerous as below 11.7 now gives 10.3 with some rebound pote ……..

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LSE:BARCLSE:BARC Barclays. Close Mid-Price: 182.48 Percentage Change: + 6.18% Day High: 187.5 Day Low: 182.54

Target met. In the event of Barclays enjoying further trades beyond 187.5 ……..

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LSE:BBYLSE:BBY BALFOUR BEATTY. Close Mid-Price: 254.4 Percentage Change: + 5.82% Day High: 258.8 Day Low: 243.6

All BALFOUR BEATTY needs are mid-price trades ABOVE 258.8 to improve acce ……..

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LSE:BDEVLSE:BDEV Barrett Devs. Close Mid-Price: 765 Percentage Change: + 14.01% Day High: 767.4 Day Low: 720

Target met. Continued trades against BDEV with a mid-price ABOVE 767.4 sh ……..

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LSE:BLVN Bowleven Close Mid-Price: 4.92 Percentage Change: -8.80% Day High: 5.42 Day Low: 4.8

If the share price of Bowleven manages to move BELOW 4.8, initial DOWN ta ……..

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LSE:BP. BP PLC Close Mid-Price: 462.45 Percentage Change: -1.47% Day High: 473 Day Low: 461.15

If BP PLC intends to relax, the price needs to get below 461.15 (but igno ……..

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LSE:CPILSE:CPI Capita. Close Mid-Price: 175.5 Percentage Change: + 9.82% Day High: 180.5 Day Low: 168.5

Target met. Further movement against Capita ABOVE 180.5 should improve ac ……..

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LSE:DGE Diageo Close Mid-Price: 3051 Percentage Change: -0.29% Day High: 3068.5 Day Low: 2940.5

Target met. Continued weakness against DGE taking the price below 2940.5 ……..

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LSE:EZJLSE:EZJ EasyJet. Close Mid-Price: 1470 Percentage Change: + 7.93% Day High: 1554.5 Day Low: 1451.5

Target met. Continued trades against EZJ with a mid-price ABOVE 1554.5 sh ……..

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LSE:FOXTLSE:FOXT Foxtons. Close Mid-Price: 85.7 Percentage Change: + 5.41% Day High: 92.5 Day Low: 84.2

Target met. Further movement against Foxtons ABOVE 92.5 should improve ac ……..

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LSE:HL.LSE:HL. Hargreaves Lansdown. Close Mid-Price: 1953 Percentage Change: + 2.36% Day High: 2186 Day Low: 1955.5

Target met. All Hargreaves Lansdown needs are mid-price trades ABOVE 2186 ……..

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LSE:HURLSE:HUR Hurrican Energy. Close Mid-Price: 33.2 Percentage Change: + 9.93% Day High: 34.68 Day Low: 31.18

Near term, above 35p should challenge a pretty useless 37.75p. If exceeded ……..

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LSE:IAGLSE:IAG British Airways. Close Mid-Price: 629.4 Percentage Change: + 13.08% Day High: 631.6 Day Low: 583.6

Target met. Further movement against British Airways ABOVE 631.6 should ……..

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LSE:IGASLSE:IGAS Igas Energy. Close Mid-Price: 47.85 Percentage Change: + 4.02% Day High: 49 Day Low: 46.8

Target met. All Igas Energy needs are mid-price trades ABOVE 49 to improv ……..

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LSE:IGGLSE:IGG IG Group. Close Mid-Price: 696 Percentage Change: + 4.00% Day High: 701.4 Day Low: 682.2

All IG Group needs are mid-price trades ABOVE 701.4 to improve accelerati ……..

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LSE:IHG Intercontinental Hotels Group Close Mid-Price: 4890 Percentage Change: -0.34% Day High: 5064 Day Low: 4854.5

Target met. Continued trades against IHG with a mid-price ABOVE 5064 shou ……..

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View Previous Intercontinental Hotels Group & Big Picture ***


LSE:ITVLSE:ITV ITV. Close Mid-Price: 152.6 Percentage Change: + 5.83% Day High: 165.9 Day Low: 151.3

Target met. Further movement against ITV ABOVE 165.9 should improve accel ……..

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View Previous ITV & Big Picture ***


LSE:KAZLSE:KAZ Kaz Minerals. Close Mid-Price: 534.8 Percentage Change: + 1.06% Day High: 574 Day Low: 532

Target met. In the event of Kaz Minerals enjoying further trades beyond 5 ……..

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LSE:LLOYLSE:LLOY Lloyds Grp.. Close Mid-Price: 64.33 Percentage Change: + 5.25% Day High: 69.99 Day Low: 64.22

Target met. All Lloyds Grp. needs are mid-price trades ABOVE 69.99 to imp ……..

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LSE:MKSLSE:MKS Marks and Spencer. Close Mid-Price: 223.6 Percentage Change: + 6.83% Day High: 236.5 Day Low: 221

Target met. Continued trades against MKS with a mid-price ABOVE 236.5 sho ……..

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LSE:NG.LSE:NG. National Glug. Close Mid-Price: 928.1 Percentage Change: + 4.52% Day High: 960 Day Low: 917.4

Target met. In the event of National Glug enjoying further trades beyond ……..

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View Previous National Glug & Big Picture ***


LSE:PMOLSE:PMO Premier. Close Mid-Price: 95.04 Percentage Change: + 7.10% Day High: 96.6 Day Low: 89.6

All Premier needs are mid-price trades ABOVE 96.6 to improve acceleration ……..

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LSE:QFILSE:QFI Quadrise. Close Mid-Price: 3.2 Percentage Change: + 0.79% Day High: 3.46 Day Low: 3.15

In the event Quadrise experiences weakness below 3.15 it calculates with ……..

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LSE:RBSLSE:RBS Royal Bank Scot. Close Mid-Price: 251.8 Percentage Change: + 8.39% Day High: 265 Day Low: 251.3

Target met. Further movement against Royal Bank Scot ABOVE 265 should imp ……..

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View Previous Royal Bank Scot & Big Picture ***


LSE:RMGLSE:RMG Royal Male. Close Mid-Price: 236.5 Percentage Change: + 1.85% Day High: 258.6 Day Low: 236.2

Target met. In the event of Royal Male enjoying further trades beyond 258 ……..

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LSE:SBRYLSE:SBRY Sainsbury. Close Mid-Price: 223.2 Percentage Change: + 2.62% Day High: 227.2 Day Low: 222.3

Continued trades against SBRY with a mid-price ABOVE 227.2 should improve ……..

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LSE:SDYLSE:SDY Speedyhire. Close Mid-Price: 72.4 Percentage Change: + 11.38% Day High: 72.8 Day Low: 67.6

Target met. Further movement against Speedyhire ABOVE 72.8 should improve ……..

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LSE:TLWLSE:TLW Tullow. Close Mid-Price: 67.8 Percentage Change: + 11.77% Day High: 70.26 Day Low: 62.34

In the event of Tullow enjoying further trades beyond 70.26, the share sh ……..

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LSE:TSCOLSE:TSCO Tesco. Close Mid-Price: 251.3 Percentage Change: + 3.93% Day High: 255.4 Day Low: 250.3

Target met. Continued trades against TSCO with a mid-price ABOVE 255.4 sh ……..

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LSE:TW.LSE:TW. Taylor Wimpey. Close Mid-Price: 199.65 Percentage Change: + 14.68% Day High: 201.6 Day Low: 185

Target met. Further movement against Taylor Wimpey ABOVE 201.6 should imp ……..

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LSE:ZOL Zoldav Close Mid-Price: 39 Percentage Change: -3.70% Day High: 40.5 Day Low: 38.5

Continued weakness against ZOL taking the price below 38.5 calculates as ……..

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View Previous Zoldav & Big Picture ***


LSE:ZOO Zoo Digital Close Mid-Price: 69.5 Percentage Change: -4.79% Day High: 73 Day Low: 69.5

If Zoo Digital experiences continued weakness below 69.5, it will invaria ……..

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View Previous Zoo Digital & Big Picture ***


*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.

Click Epic to jump to share:LSE:AGM Applied Graph.** **LSE:AMER Amerisur** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:BLOE Block Energy PLC** **LSE:BPC Bahamas Pet** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CCL Carnival** **LSE:CEY Centamin** **LSE:ECO ECO (Atlantic) O & G** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:FGP Firstgroup** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:LMI LonMin** **LSE:OPG OPG Power Ventures** **LSE:OXIG Oxford Instruments** **LSE:PMG Parkmead** **LSE:POG Petrop etc** **LSE:POL Polo Resources** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:RBD Reabold Resources PLC** **LSE:RED REDT** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SCLP Scancell** **LSE:STAN Standard Chartered** **LSE:SUMM Summit** **LSE:SXX Sirius Mins** **LSE:TAN Tanfield** **LSE:UKOG UK Oils and Gas** **LSE:VEC Vectura** **LSE:VOD Vodafone** **LSE:VOG VICTORIA** **LSE:WTG Watchstone** **

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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.

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