#CAC40 #DAX The dystopian vision of a future from the film Wall-E is already upon us. It began with the invention of the wheel, continued with the advent of the TV remote control, and now, we no longer need shop or even phone for food. Historically, it appears a safe bet to satisfy the human craving to do as little as possible, as effortlessly as possible. Perhaps there’s an opening for a robot domestic vacuum cleaner, capable of opening the front door and collecting dinner from the bloke on the moped…
Even here in our corner of Argyll, a part of the UK usually last to adopt new fangled things, has Just Eat delivering food from the Chinese takeaway. The outlet opted to ban collections from their shop for the duration of lockdown. The delivery driver, amusingly, doubles as the local postman, ensuring he always knows exactly where he’s going. We suspect folk familiar with Just Eats predatory order commissions retain the habit of just phoning the restaurant anyway.
We’re curious if delivery companies shall suffer, with lockdown starting to ease throughout the country. We suspect any reduction shall prove short lived, thanks to folk becoming used to the sheer convenience of hot food delivery and return to our opening paragraph. Essentially, to mangle a saying, no-one ever went broke betting on humans taking the easiest path.
After expressing hope for the future with such confidence, we’re a little curious due to recent price movements for Just Eat. At time of writing, the share is trading around 6844p, needing below 6320p to give cause for concern. There’s a very real risk of such weakness triggering reversals to an initial 5024 with secondary, when broken, at a bottom of 4427p and hopefully a proper rebound. To be fair, we’d hope our secondary never makes an appearance, any bounce occurring well above such a level.
At present, the price needs exceed Blue (7225p) to give immediate hope as this looks very capable of triggering growth to an initial 7864 with secondary, if bettered, at 8257p. With the company due to issue a trading statement, perhaps some optimism can be anticipated as the last year must surely have provided a gift to their income levels during 2020.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:24:47PM | BRENT | 67.13 | |||||||||
| 10:26:39PM | GOLD | 1716.38 | |||||||||
| 10:29:15PM | FTSE | 6739 | Success | ||||||||
| 10:40:38PM | FRANCE | 5928 | 5892 | 5884 | 5864 | 5918 | 5943 | 5956 | 5985 | 5920 | |
| 10:43:19PM | GERMANY | 14460 | 14308 | 14251.5 | 14176 | 14393 | 14478 | 14491 | 14548 | 14404 | |
| 10:45:55PM | US500 | 3875.42 | ‘cess | ||||||||
| 10:48:24PM | DOW | 31879 | |||||||||
| 10:52:11PM | NASDAQ | 12818 | |||||||||
| 10:55:18PM | JAPAN | 29189 |
9/03/2021 FTSE Closed at 6730 points. Change of 0.16%. Total value traded through LSE was: £ 6,881,664,141 a change of 1.69%
8/03/2021 FTSE Closed at 6719 points. Change of 1.34%. Total value traded through LSE was: £ 6,767,361,334 a change of -3.17%
5/03/2021 FTSE Closed at 6630 points. Change of -0.3%. Total value traded through LSE was: £ 6,989,244,582 a change of -1.26%
4/03/2021 FTSE Closed at 6650 points. Change of -0.37%. Total value traded through LSE was: £ 7,078,677,923 a change of 10.48%
3/03/2021 FTSE Closed at 6675 points. Change of 0.94%. Total value traded through LSE was: £ 6,407,091,178 a change of -5.86%
2/03/2021 FTSE Closed at 6613 points. Change of 0.38%. Total value traded through LSE was: £ 6,806,160,931 a change of 10.04%
1/03/2021 FTSE Closed at 6588 points. Change of 1.62%. Total value traded through LSE was: £ 6,185,435,500 a change of -34.59%
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:AVCT Avacta** **LSE:BDEV Barrett Devs** **LSE:CAR Carclo** **LSE:ECO ECO (Atlantic) O & G** **LSE:GENL Genel** **LSE:IPF International Personal Finance** **LSE:ITV ITV** **LSE:MKS Marks and Spencer** **LSE:RR. Rolls Royce** **LSE:TW. Taylor Wimpey** **
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Updated charts published on : Avacta, Barrett Devs, Carclo, ECO (Atlantic) O & G, Genel, International Personal Finance, ITV, Marks and Spencer, Rolls Royce, Taylor Wimpey,
LSE:AVCTLSE:AVCT Avacta. Close Mid-Price: 222 Percentage Change: + 2.30% Day High: 227.5 Day Low: 217.5
Target met. Further movement against Avacta ABOVE 227.5 should improve ac ……..
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View Previous Avacta & Big Picture ***
LSE:BDEVLSE:BDEV Barrett Devs. Close Mid-Price: 750.2 Percentage Change: + 1.24% Day High: 760 Day Low: 740.2
Target met. Further movement against Barrett Devs ABOVE 760 should improv ……..
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View Previous Barrett Devs & Big Picture ***
LSE:CARLSE:CAR Carclo. Close Mid-Price: 29.8 Percentage Change: + 5.49% Day High: 30.9 Day Low: 28.3
In the event of Carclo enjoying further trades beyond 30.9, the share sho ……..
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View Previous Carclo & Big Picture ***
LSE:ECOLSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 24 Percentage Change: + 1.48% Day High: 24 Day Low: 23.5
Showing early signs of interest, the needs trade above 24.5p to be viewed ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:GENL Genel Close Mid-Price: 187.2 Percentage Change: -0.21% Day High: 192 Day Low: 183.8
In the event of Genel enjoying further trades beyond 192, the share shoul ……..
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View Previous Genel & Big Picture ***
LSE:IPFLSE:IPF International Personal Finance. Close Mid-Price: 109.8 Percentage Change: + 4.17% Day High: 109.6 Day Low: 104.6
In the event of International Personal Finance enjoying further trades be ……..
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View Previous International Personal Finance & Big Picture ***
LSE:ITVLSE:ITV ITV. Close Mid-Price: 126.35 Percentage Change: + 3.99% Day High: 127.1 Day Low: 112.6
All ITV needs are mid-price trades ABOVE 127.1 to improve acceleration to ……..
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View Previous ITV & Big Picture ***
LSE:MKSLSE:MKS Marks and Spencer. Close Mid-Price: 154 Percentage Change: + 3.32% Day High: 154.25 Day Low: 146.8
Target met. In the event of Marks and Spencer enjoying further trades bey ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:RR. Rolls Royce Close Mid-Price: 113.85 Percentage Change: -2.27% Day High: 118.2 Day Low: 112.45
Continued trades against RR. with a mid-price ABOVE 118.2 should improve ……..
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View Previous Rolls Royce & Big Picture ***
LSE:TW.LSE:TW. Taylor Wimpey. Close Mid-Price: 179.05 Percentage Change: + 0.22% Day High: 181.7 Day Low: 177.5
Continued trades against TW. with a mid-price ABOVE 181.7 should improve ……..
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View Previous Taylor Wimpey & Big Picture ***