#BrentCrude #DAX_Futures With tonight’s Top Gear filmed, almost literally on our doorstep here in Argyll, editing of the program provided a reminder of a finished product rarely reflecting reality. For instance, the runway scenes at Oban Airport, seamlessly skipping to the lighthouse & lightbulb saga, concealed something quite funny. Typically, to get from that airport to that lighthouse involves a pretty hard 3+ hour drive, doubtless an unpleasant surprise for whoever planned the episode. When mixed with only 7 hours of daylight when filmed, it’s certain there were some major challenges behind the scenes.
The announcement by GSK on Friday, seeking emergency authorization in the US for their new Covid antibody drug, served to remind just because GSK have been fairly absent from the raft of drug companies promising miracle cures, behind the scenes they’ve obviously been pretty busy. It’s interesting their “antibody” solution is the same class of treatment used last year to treat US President Trump and few folk will ever forget his fast, almost suspiciously fast, recovery from Covid-19.
We’re curious as to whether GSK share price shall experience a pandemic surge?
The recent fall to 1190p was quite curious, achieving a bottom with arithmetic precision according to our favourite logic. The subsequent rebound has taken a fascinating path, now suggesting share price growth above 1312p (trading around 1297 at time of writing) should promote price recovery toward an initial 1384p. Visually this implies a looming challenge against the downtrend since 2020 but in the event the price manages exceed 1384p, things calculate with some fairly strong numbers. Our “longer term” secondary works out at 1524p, solidly confirming a break above the Blue downtrend. In this instance, we can regard 1743p as exerting a long term lure for some proper share price growth.
For things to go wrong, the price needs slip below 1190p as we can calculate a path commencing toward a future bottom of 979p eventually. Visually, it looks unlikely.
|Time Issued||Market||Price At Issue||Short Entry||Fast Exit||Slow Exit||Stop||Long Entry||Fast Exit||Slow Exit||Stop||Prior|
26/03/2021 FTSE Closed at 6740 points. Change of 0.99%. Total value traded through LSE was: £ 5,863,243,404 a change of -5.15%
25/03/2021 FTSE Closed at 6674 points. Change of -0.57%. Total value traded through LSE was: £ 6,181,901,218 a change of 0.02%
24/03/2021 FTSE Closed at 6712 points. Change of 0.19%. Total value traded through LSE was: £ 6,180,734,714 a change of -2.58%
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%
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 firstname.lastname@example.org. 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
Click Epic to jump to share: LSE:AV. Aviva** **LSE:BDEV Barrett Devs** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:KAZ Kaz Minerals** **LSE:OXIG Oxford Instruments** **LSE:PMG Parkmead** **LSE:POLY Polymetal** **LSE:SRP Serco** **
Updated charts published on : Aviva, Barrett Devs, IQE, ITV, Kaz Minerals, Oxford Instruments, Parkmead, Polymetal, Serco,
LSE:AV.LSE:AV. Aviva. Close Mid-Price: 401.2 Percentage Change: + 0.30% Day High: 408.7 Day Low: 400
Target met. In the event of Aviva enjoying further trades beyond 408.7, t ……..
LSE:BDEV Barrett Devs Close Mid-Price: 770.6 Percentage Change: -1.15% Day High: 787.4 Day Low: 766
In the event of Barrett Devs enjoying further trades beyond 787.4, the sh ……..
LSE:IQE IQE Close Mid-Price: 56.45 Percentage Change: -8.36% Day High: 62.45 Day Low: 55.35
Target met. Continued weakness against IQE taking the price below 55.35 c ……..
LSE:ITVLSE:ITV ITV. Close Mid-Price: 127.55 Percentage Change: + 1.51% Day High: 128.5 Day Low: 125.95
Further movement against ITV ABOVE 128.5 should improve acceleration towa ……..
LSE:KAZLSE:KAZ Kaz Minerals. Close Mid-Price: 864.6 Percentage Change: + 2.93% Day High: 866.2 Day Low: 861.2
Target met. Further movement against Kaz Minerals ABOVE 866.2 should impr ……..
LSE:OXIGLSE:OXIG Oxford Instruments. Close Mid-Price: 2000 Percentage Change: + 11.61% Day High: 2095 Day Low: 1936
In the event of Oxford Instruments enjoying further trades beyond 2095, t ……..
LSE:PMGLSE:PMG Parkmead. Close Mid-Price: 37 Percentage Change: + 3.50% Day High: 35 Day Low: 35
This now only needs trade above 37 to become interesting, allowing recover ……..
LSE:POLY Polymetal Close Mid-Price: 1411 Percentage Change: -1.02% Day High: 1432 Day Low: 1399
Target met. In the event Polymetal experiences weakness below 1399 it cal ……..
LSE:SRPLSE:SRP Serco. Close Mid-Price: 140.2 Percentage Change: + 0.94% Day High: 140.8 Day Low: 136.3
Now above 143 should make recovery toward an initial 154 very possible. Ou ……..
*** End of “Updated Today” comments on shares.
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