#BrentCrude #DAX Everyone’s hero, Warren Buffett, dumped his Apple shares and found himself using the pocket change generated to buy one or two shares in US telecoms giant Verizon. In fact, his company Berkshire Hathaway are now Verizon largest shareholder. Obviously, the markets regard this as quite a big deal and a Trends and Targets quick survey of hedge funds shows a substantial majority bullish on the share prospects.
Unfortunately, the last few years have not been particularly kind to many hedge funds, their reputation somewhat tarnished due to the horrific number which shut down.
Despite everyone being eager to find ‘the next Tesla share’, it’s generally far safer to explore slower, safer, and more stable companies, though obviously worth considering what field they are in, along with their future potentials. In telecoms, the demand is obviously for a high tech future and to judge by their press releases, Verizon are producing all the right 5G noises for the USA market.
Despite all our optimistic writing, we’re pretty far from convinced the immediate future is rosy for Verizon, the immediate trend indicating the risk of weakness below just 54 dollars driving the share price back to a visually appealing 52 dollars. We like this level as it promises some sort of bounce but the danger comes should 52 break as ongoing travel down to targets of 50.5 dollars (or less) calculates as possible. As the chart below highlights, this presents an issue.
By breaking the Red uptrend since 2010, the share price enters a region where “bottom” calculates down at $44 in the event our 50.5 level breaks. This, in theory, is the case anyway but we’ve some doubts. Inevitably, a bunch of smart folk would review any break of trends as an opportunity, especially if a share price failed to make it below its most recent low. In the case of NYSE:VZ, this suggests the price requires break below the $49 level to justify hysterical behaviour.
In summary, we suspect Verizon shall reverse from its current 55 dollars but we’re more inclined to regard the movement as presenting an opportunity for the longer term.
For everything to come up roses, the share price currently requires exceed $59 to enter a region, where growth to an initial $68 is hoped with secondary, if bettered, at 72 US dollars. Importantly, we cannot calculate any targets above the $72 dollar level for this company. This does not mean a ceiling awaits, just should it exceed 72 dollars, it enters unknown territory where things can become very illogical! Perhaps worth keeping an eye on, if contemplating a ‘fire and forget’ long position.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:27:11PM | BRENT | 67.63 | 66.72 | 66.285 | 65.52 | 67.8 | 67.97 | 68.34 | 68.88 | 67.03 | Shambles |
| 9:33:55PM | GOLD | 1745.75 | ‘cess | ||||||||
| 9:40:31PM | FTSE | 6784 | |||||||||
| 9:59:47PM | FRANCE | 6074 | ‘cess | ||||||||
| 10:02:10PM | GERMANY | 14665 | 14530 | 14477 | 14408 | 14580 | 14684 | 14698.5 | 14737 | 14625 | |
| 10:04:54PM | US500 | 3976 | ‘cess | ||||||||
| 10:18:33PM | DOW | 33052 | ‘cess | ||||||||
| 10:20:43PM | NASDAQ | 13215 | ‘cess |
17/03/2021 FTSE Closed at 6762 points. Change of -0.6%. Total value traded through LSE was: £ 6,602,740,362 a change of -14.86%
16/03/2021 FTSE Closed at 6803 points. Change of 0.8%. Total value traded through LSE was: £ 7,754,900,384 a change of 34.17%
15/03/2021 FTSE Closed at 6749 points. Change of -0.18%. Total value traded through LSE was: £ 5,779,699,069 a change of 6.67%
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%
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:BLVN Bowleven** **LSE:BT.A British Telecom** **LSE:EME Empyrean** **LSE:RMG Royal Mail** **LSE:RR. Rolls Royce** **LSE:SDY Speedyhire** **LSE:VOD Vodafone** **
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Updated charts published on : Bowleven, British Telecom, Empyrean, Royal Mail, Rolls Royce, Speedyhire, Vodafone,
LSE:BLVNLSE:BLVN Bowleven. Close Mid-Price: 6.5 Percentage Change: + 0.00% Day High: 6.5 Day Low: 6.08
If Bowleven experiences continued weakness below 6.08, it will invariably ……..
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View Previous Bowleven & Big Picture ***
LSE:BT.ALSE:BT.A British Telecom. Close Mid-Price: 152.5 Percentage Change: + 6.49% Day High: 153.45 Day Low: 145.6
All British Telecom needs are mid-price trades ABOVE 153.45 to improve ac ……..
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View Previous British Telecom & Big Picture ***
LSE:EMELSE:EME Empyrean. Close Mid-Price: 5.2 Percentage Change: + 30.00% Day High: 5.2 Day Low: 3.8
Continued trades against EME with a mid-price ABOVE 5.2 should improve th ……..
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View Previous Empyrean & Big Picture ***
LSE:RMG Royal Mail Close Mid-Price: 517.8 Percentage Change: -0.23% Day High: 523.8 Day Low: 515.6
All Royal Mail needs are mid-price trades ABOVE 523.8 to improve accelera ……..
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View Previous Royal Mail & Big Picture ***
LSE:RR.LSE:RR. Rolls Royce. Close Mid-Price: 127.2 Percentage Change: + 3.54% Day High: 128.55 Day Low: 125.1
In the event of Rolls Royce enjoying further trades beyond 128.55, the sh ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SDY Speedyhire Close Mid-Price: 66 Percentage Change: -2.65% Day High: 69.2 Day Low: 66
This remains close to presenting a ‘sure thing’ trade. If above 70, traffi ……..
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View Previous Speedyhire & Big Picture ***
LSE:VODLSE:VOD Vodafone. Close Mid-Price: 136.92 Percentage Change: + 1.78% Day High: 137.58 Day Low: 135.12
Target met. All Vodafone needs are mid-price trades ABOVE 137.58 to impro ……..
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View Previous Vodafone & Big Picture ***