#SP500 #BrentCrude New returnee to the FTSE 100, we’d hoped the market throw a surprise party. Alas, the converse seems true. A chum worked at Weirs Pumps Glasgow unit in the 1980’s, a designer who was never comfortable with the morning commute. One day, instead of his daily paper for the train, he noticed Playboy magazine had a prominent article on a motorcycle, one he really wanted to buy. Needless to say, “legend” status was achieved, sitting reading Playboy while surrounded by folk reading the Guardian or whatever, everyone frantically trying not to look over his shoulder. The monthly Playboy habit stuck and for years was known as the guy who literally bought Playboy for the writing.
As mentioned, there appears to be a lack of a party mood for Weirs, quite the converse at present. Presently trading around 1875p, the share need only slip below 1789 to enter a cycle toward an initial 1593p. Despite the visuals implying the possibility of a rebound at such a level, the longer term secondary of 1186p looks more capable of providing a “bottom” sometime in the future, especially as it covers the market gap from October last year.
Surprisingly, we’d a “however”, one which dates back to the downtrend since 2014. Twice this year, the market has shown this vague trend can be exceeded and it’s not terribly difficult to surmise any future nudge above shall present a picture of growth.
Effectively, above just 1990p should prove useful, entering a continued growth cycle to an initial 2272 with secondary, if exceeded, calculating at a longer term 2527p and some probable hesitation.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:45:17PM | BRENT | 68.04 | 66.32 | 65.795 | 64 | 67.63 | 69.07 | 69.17 | 70.12 | 67.34 | |
| 9:53:16PM | GOLD | 1726 | |||||||||
| 10:05:08PM | FTSE | 6741 | |||||||||
| 10:09:29PM | FRANCE | 5998 | Success | ||||||||
| 10:14:45PM | GERMANY | 14584 | Success | ||||||||
| 10:16:16PM | US500 | 3909.17 | 3857 | 3840.5 | 3815 | 3887 | 3917 | 3924.5 | 3947 | 3885 | ‘cess |
| 10:26:24PM | DOW | 32372 | Success | ||||||||
| 10:29:32PM | NASDAQ | 12792 | ‘cess | ||||||||
| 10:31:49PM | JAPAN | 29106 |
10/03/2021 FTSE Closed at 6725 points. Change of -0.07%. Total value traded through LSE was: £ 6,055,011,331 a change of -12.01%
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%
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:BLVN Bowleven** **LSE:CAR Carclo** **LSE:ECO ECO (Atlantic) O & G** **LSE:IGAS Igas Energy** **LSE:MKS Marks and Spencer** **LSE:RKH Rockhopper** **LSE:RMG Royal Mail** **LSE:UKOG UK Oils and Gas** **LSE:VEC Vectura** **
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Updated charts published on : Avacta, Barrett Devs, Bowleven, Carclo, ECO (Atlantic) O & G, Igas Energy, Marks and Spencer, Rockhopper, Royal Mail, UK Oils and Gas, Vectura,
LSE:AVCTLSE:AVCT Avacta. Close Mid-Price: 250 Percentage Change: + 12.61% Day High: 252 Day Low: 218.5
Target met. In the event of Avacta enjoying further trades beyond 252, th ……..
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View Previous Avacta & Big Picture ***
LSE:BDEVLSE:BDEV Barrett Devs. Close Mid-Price: 760.4 Percentage Change: + 1.36% Day High: 764.2 Day Low: 743.6
Target met. In the event of Barrett Devs enjoying further trades beyond 7 ……..
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View Previous Barrett Devs & Big Picture ***
LSE:BLVNLSE:BLVN Bowleven. Close Mid-Price: 6.75 Percentage Change: + 0.00% Day High: 6.75 Day Low: 6.75
This does not “feel” right, needing below 6.3 to provoke 4.5 next with sec ……..
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View Previous Bowleven & Big Picture ***
LSE:CARLSE:CAR Carclo. Close Mid-Price: 31.55 Percentage Change: + 5.87% Day High: 34.8 Day Low: 29.3
Target met. All Carclo needs are mid-price trades ABOVE 34.8 to improve a ……..
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View Previous Carclo & Big Picture ***
LSE:ECOLSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 25 Percentage Change: + 4.17% Day High: 25 Day Low: 24
Further movement against ECO (Atlantic) O & G ABOVE 25 should improve acc ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:IGASLSE:IGAS Igas Energy. Close Mid-Price: 26.9 Percentage Change: + 3.46% Day High: 26.1 Day Low: 26.1
Dangerously close to interesting, movement now above 30.5 should attempt a ……..
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View Previous Igas Energy & Big Picture ***
LSE:MKSLSE:MKS Marks and Spencer. Close Mid-Price: 156.75 Percentage Change: + 1.79% Day High: 157.7 Day Low: 152.95
Continued trades against MKS with a mid-price ABOVE 157.7 should improve ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:RKH Rockhopper Close Mid-Price: 9.65 Percentage Change: -3.50% Day High: 10 Day Low: 9.5
Currently somewhat lethargic, we are now to believe above 10p should bring ……..
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View Previous Rockhopper & Big Picture ***
LSE:RMGLSE:RMG Royal Mail. Close Mid-Price: 490.6 Percentage Change: + 3.63% Day High: 494.2 Day Low: 463.1
Target met. Further movement against Royal Mail ABOVE 494.2 should improv ……..
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View Previous Royal Mail & Big Picture ***
LSE:UKOG UK Oils and Gas Close Mid-Price: 0.12 Percentage Change: -4.00% Day High: 0.12 Day Low: 0.12
By just about any standards, this is royally stuffed. Below .12 signals re ……..
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View Previous UK Oils and Gas & Big Picture ***
LSE:VEC Vectura Close Mid-Price: 113.8 Percentage Change: -1.56% Day High: 117.8 Day Low: 112.6
This is a bit unsettling, needing below 109 to enter a cycle to an initial ……..
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View Previous Vectura & Big Picture ***