#BrentCrude #CAC40Index When we last speculated over market trends and prospective targets with Lloyds, we’d expressed some thoughts of the 40p level being important sometime in the future. Price movements proved strange, taking 3 sessions before the critical level triggered, then a further 5 sessions before things started to look fairly positive. Only when reviewing price movements did everything start to make a degree of sense.
This is very much a ‘Back to School Basics’ exercise. On 24th February, when the share price spiked to 41p, it did so at the open. A pretty reliable rule of thumb, proven correct at 80% of the time, warns of some dangers with opening second spikes. Generally, unless this artificial high is exceeded within the first 90 minutes of trading, the spike will prove “fake”, rarely able to sustain the day and creating a situation where some folk believe “the price had to go up, so it could go down…” We’re less than comfortable with any logic behind this statement but experience teaches it’s often true. Unless an order has been previously placed, we feel few traders rarely can take advantage of these situations to see and worse, if it was a Buy Order, many folk would be furious at almost being tricked into buying a share which looses 7% of its value shortly thereafter.
We prefer to stand back and take a deep breath. After all, the market just proved the trigger level can be pulled, so it’s all just a matter of patience thereafter.
Last week, the share again exceeded the 40p level and now we’re inclined to some real optimism for the future. Hopefully neither Covid, Brexit, or The Royal Family stick their oar in and spoil things. Presently, every indication against Lloyds suggests movement next continuing above 42p should attempt an initial 50p with secondary, if bettered, calculating at 55p along with a strong possibility of some hesitation. As the chart below illustrates, prior to the Covid-19 drop last year, for some reason Lloyds stuttered around just above the 55p level before joining the rest of the market in leaping off a cliff.
We suspect this share price shall require closure above 55p in the future to indicate happy days ahead with some ‘proper’ price recovery.
To warn of things going wrong, Lloyds bank needs trade below 36p to justify some panic. Visually, there appears little threat of such a movement. Yet!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:44:41PM | BRENT | 69.03 | 67.7 | 65.81 | 64.03 | 68.4 | 69.58 | 70.565 | 71.98 | 58.7 | |
| 9:46:46PM | GOLD | 1724.91 | Success | ||||||||
| 9:49:02PM | FTSE | 6800 | ‘cess | ||||||||
| 9:52:46PM | FRANCE | 6066 | 6015 | 5994 | 5969 | 6039 | 6068 | 6215 | 6425 | 5905 | ‘cess |
| 9:54:21PM | GERMANY | 14558 | Success | ||||||||
| 9:56:03PM | US500 | 3943.37 | |||||||||
| 9:58:04PM | DOW | 32795 | ‘cess | ||||||||
| 10:02:52PM | NASDAQ | 12941 | ‘cess | ||||||||
| 10:05:17PM | JAPAN | 29684 | Success |
12/03/2021 FTSE Closed at 6761 points. Change of 0.37%. Total value traded through LSE was: £ 5,418,064,712 a change of -9.29%
11/03/2021 FTSE Closed at 6736 points. Change of 0.16%. Total value traded through LSE was: £ 5,972,975,685 a change of -1.35%
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%
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:BARC Barclays** **LSE:GENL Genel** **LSE:MKS Marks and Spencer** **LSE:OPG OPG Power Ventures** **LSE:QFI Quadrise** **LSE:RKH Rockhopper** **LSE:RMG Royal Mail** **LSE:TLW Tullow** **
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Updated charts published on : Barclays, Genel, Marks and Spencer, OPG Power Ventures, Quadrise, Rockhopper, Royal Mail, Tullow,
LSE:BARCLSE:BARC Barclays. Close Mid-Price: 180.6 Percentage Change: + 3.64% Day High: 180.72 Day Low: 174.64
Target met. Continued trades against BARC with a mid-price ABOVE 180.72 s ……..
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View Previous Barclays & Big Picture ***
LSE:GENLLSE:GENL Genel. Close Mid-Price: 191.6 Percentage Change: + 0.10% Day High: 194.8 Day Low: 189.6
All Genel needs are mid-price trades ABOVE 194.8 to improve acceleration ……..
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View Previous Genel & Big Picture ***
LSE:MKSLSE:MKS Marks and Spencer. Close Mid-Price: 158.1 Percentage Change: + 1.28% Day High: 158.45 Day Low: 154.45
Target met. All Marks and Spencer needs are mid-price trades ABOVE 158.45 ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:OPG OPG Power Ventures Close Mid-Price: 19.05 Percentage Change: -2.31% Day High: 19.5 Day Low: 19.05
In the event of OPG Power Ventures enjoying further trades beyond 19.5, t ……..
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View Previous OPG Power Ventures & Big Picture ***
LSE:QFILSE:QFI Quadrise. Close Mid-Price: 3.73 Percentage Change: + 5.51% Day High: 3.96 Day Low: 3.57
In a change to the previous numbers, while above 3.96 remains pointing at ……..
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View Previous Quadrise & Big Picture ***
LSE:RKHLSE:RKH Rockhopper. Close Mid-Price: 10.5 Percentage Change: + 6.06% Day High: 10.5 Day Low: 9.7
All Rockhopper needs are mid-price trades ABOVE 10.5 to improve accelerat ……..
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View Previous Rockhopper & Big Picture ***
LSE:RMGLSE:RMG Royal Mail. Close Mid-Price: 501.8 Percentage Change: + 1.27% Day High: 507.4 Day Low: 495
Target met. In the event of Royal Mail enjoying further trades beyond 507 ……..
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View Previous Royal Mail & Big Picture ***
LSE:TLWLSE:TLW Tullow. Close Mid-Price: 60.82 Percentage Change: + 10.18% Day High: 61.48 Day Low: 54.38
Continued trades against TLW with a mid-price ABOVE 61.48 should improve ……..
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View Previous Tullow & Big Picture ***