#FTSE #CAC40 It’s difficult not to retain fondness for the original IBM PC. It was solid, reliable, and the only things which went wrong invariably were not labelled IBM. After a few years, the 2nd generation IBM PC’s came along, the AT models, and these provided a whole new batch of memories. Specifically, their keyboards. An IBM AT keyboard was a work of art, capable of withstanding hot coffee, red wine, sugary drinks. They were solid and when office computers were upgraded, astonishing numbers of folk retained their original IBM AT keyboard as it would work with the newer, faster, ‘IBM Compatible’ PC clone.
In the years since a puppy chewed through my own original IBM keyboard cable, I’ve probably bought dozens of keyboards in an attempt to find the quality and feel of that original design masterpiece. For a while, it even appeared Microsoft were attempting to take the keyboard crown with their ergonomic keyboards. Alas, after a year, it became clear why there is an entire industry selling stick-on keyboard letters on eBay. Presumably factories in China have yet to re-discover a method of ensuring letters and numbers don’t fade away.
Since 2013, IBM’s share price has followed a pretty vile trajectory, the share price halving and thanks to Covid-19, even discovering a logical bottom at $95. We would have hoped for a solid bounce from this bottom level, a feature of price movements which has been noticeably absent for the last 12 months. The good news, we can now identify a trigger level, once which looks capable of returning the warm fuzzy feeling a proper IBM keyboard used to give.
Presently trading around $131, the share price need only CLOSE a session above $136 to give a surprising level of hope for the future. A price gain such as this should trigger the potential for recovery toward an initial $157 with secondary, if exceeded, calculating at $168. In fact, if positive news flow is involved, any gains could easily find their way toward 182 dollars and a level at which we’d anticipate some hesitation. A glance at the chart below confirms this suspicion, given the level of the high at the start of 2017.
To work on trends and targets above $182, we shall require give the tea leaves a stir sometime in the future.
For IBM to give similar levels of dismay as a modern keyboard, the share price needs slide below $105. In such a scenario, the reversal prospects become truly horrendous as the share price risks entering a cycle toward 29 US dollars eventually.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:54:58PM | BRENT | 60.49 | Success | ||||||||
| 9:57:12PM | GOLD | 1727.12 | |||||||||
| 9:59:09PM | FTSE | 6671.77 | 6655 | 6640 | 6609 | 6710 | 6719 | 6737.5 | 6765 | 6655 | |
| 10:17:41PM | FRANCE | 5919.2 | 5912 | 5898 | 5875 | 5936 | 5967 | 5978 | 6000 | 5933 | ‘cess |
| 10:20:01PM | GERMANY | 14610 | ‘cess | ||||||||
| 10:21:23PM | US500 | 3912.32 | |||||||||
| 10:23:19PM | DOW | 32448 | ‘cess | ||||||||
| 10:25:17PM | NASDAQ | 13051 | |||||||||
| 10:28:54PM | JAPAN | 28790 | Success |
23/03/2021 FTSE Closed at 6699 points. Change of -0.4%. Total value traded through LSE was: £ 6,344,120,262 a change of 9.46%
22/03/2021 FTSE Closed at 6726 points. Change of 0.27%. Total value traded through LSE was: £ 5,795,599,482 a change of -59.88%
19/03/2021 FTSE Closed at 6708 points. Change of -1.05%. Total value traded through LSE was: £ 14,446,904,194 a change of 140.91%
18/03/2021 FTSE Closed at 6779 points. Change of 0.25%. Total value traded through LSE was: £ 5,996,916,137 a change of -9.18%
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%
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:ASC Asos** **LSE:BDEV Barrett Devs** **LSE:BLVN Bowleven** **LSE:CBX Cellular Goods** **LSE:EMG MAN** **LSE:GLEN Glencore Xstra** **LSE:POG Petrop etc** **
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Updated charts published on : Asos, Barrett Devs, Bowleven, Cellular Goods, MAN, Glencore Xstra, Petrop etc,
LSE:ASCLSE:ASC Asos. Close Mid-Price: 5918 Percentage Change: + 2.89% Day High: 5982 Day Low: 5656
All Asos needs are mid-price trades ABOVE 5982 to improve acceleration to ……..
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LSE:BDEVLSE:BDEV Barrett Devs. Close Mid-Price: 778 Percentage Change: + 1.91% Day High: 781.8 Day Low: 758
Target met. Further movement against Barrett Devs ABOVE 781.8 should impr ……..
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LSE:BLVN Bowleven Close Mid-Price: 5.7 Percentage Change: -5.00% Day High: 5.85 Day Low: 5.5
Weakness on Bowleven below 5.5 will invariably lead to 4.5 next with seco ……..
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LSE:CBX Cellular Goods Close Mid-Price: 10 Percentage Change: -5.66% Day High: 10.5 Day Low: 9.88
Continued weakness against CBX taking the price below 9.88 calculates as ……..
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View Previous Cellular Goods & Big Picture ***
LSE:EMG MAN Close Mid-Price: 162.15 Percentage Change: -0.31% Day High: 165 Day Low: 161.25
In the event of MAN enjoying further trades beyond 165, the share should ……..
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LSE:GLEN Glencore Xstra Close Mid-Price: 272 Percentage Change: -2.67% Day High: 279.8 Day Low: 271.25
In the event Glencore Xstra experiences weakness below 271.25 it calculat ……..
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LSE:POG Petrop etc Close Mid-Price: 24.8 Percentage Change: -1.78% Day High: 25.6 Day Low: 24.7
Continued weakness against POG taking the price below 24.7 calculates as ……..
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View Previous Petrop etc & Big Picture ***