#CAC40 #NK225 For some reason, our local petrol station attracts a diverse range of staff with surprising interests. The mental scars from making a mistake, asking “what you’re reading” revealed a lady hooked on ‘literary’ porn since buying “Shades of Grey”. She could – and did – talk about it relentlessly. One of the guys recently asked “what do you think of Zoomedica? (AMEX:ZOM) They’re a US company, specialising in diagnostics for animals. His girlfriend came across them while viewing something called ‘The Tiger King’. It was certainly clever product placement as the chap opted to buy shares at around the $2.2 level. Somehow or other, I remembered to run the numbers against the share and next time in the shop, reported the bad news it looked like reversing to $0.84. Thankfully, he’d not taken a heavy investment and the conversation (and share) was forgotten.
A few minutes ago, popping in to refuel, the guy was on duty, itching to report his holding was now worth less than half and how the heck could I know a company, previously never heard of, in a different continent, was going to suffer so badly in the months ahead. The App on his phone was reporting Zoomedica as trading at $0.83 dollars while we were talking and he was both impressed and quite agitated, still to learn to adopt stoic behaviour when trading the market. The lies we tell ourselves, “It’s a long term hold”, “it was just playtime money”, and the classic “guys on the internet say the company is about to release important news. Just wait!”, were doubtless queuing in his brain. Perhaps the real world experience of being caught up in hype from an internet chatroom (Reddit) providing the only research carried out will make the experience a cheap lesson. Who knows, there may even be a miracle in the offing as there’s a strong reason to anticipate a bounce around the current level. Any bounce capable of exceeding $1.60 will force a hard look at the share and we may even cover it here, due to the potential of a longer term $4.3 making an appearance.
This, of course, has absolutely nothing to do with BT Group, other than illustrate an example of us running analysis, then putting it out of our minds. We last reviewed BT Group 2 years ago (link) on 9th April 2019. It was trading around 223p, our report gave criteria for reversal to 99p. Despite checking BT daily for clients, we’d completely forgotten our public report and discovered the share price indeed hit our target last year, bouncing in the most lacklustre fashion in the period since. Our inclination is now toward some optimism for the future thanks to the share price now breaking through the five year downtrend and attempting to paint a series of higher highs.
The immediate situation with BT is fairly straightforward, the share price (presently trading around 153p) needing exceed 158p as this should trigger some price growth to an initial 176p. If exceeded, our longer term secondary is a bit confusing. It’s either 182p or 200p depending on which series of calculations we believe. Essentially, should 176p be exceeded in the course of normal trading, ongoing traffic to 182p makes sense. However, should 176p be exceeded thanks to some positive news, the share price could sharply accelerate to 200p. It’s pretty unusual to face this type of numeric calamity and it’s thanks to the share price opting to remain fascinated with the 99p level for six months last year.
Visually, there’s a pretty strong argument favouring some hesitation, if the 200p level ever makes an appearance and we’d certainly prefer running the numbers again at such a point.
Finally, if BT decides to dial the wrong number, below 99p risks trauma with a probable visit to 86p, a short lived bounce, then a visit to 42p as the ultimate bottom we can calculate. Needless to say, we’ve already forgotten that secondary ambition!
*** It’s easy to suspect our article on Argo for Tuesday didn’t impress the folk who’ve been finding the adverts on this page interesting. Perhaps BT will ring the right bells!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:20:26PM | BRENT | 65.8 | Success | ||||||||
| 10:30:15PM | GOLD | 1778.98 | |||||||||
| 10:34:02PM | FTSE | 6873.52 | Success | ||||||||
| 10:36:32PM | FRANCE | 6161.8 | 6144 | 6128.5 | 6066 | 6192 | 6177 | 6184 | 6197 | 6157 | Success |
| 10:40:31PM | GERMANY | 15141 | Success | ||||||||
| 10:43:09PM | US500 | 4129.92 | Success | ||||||||
| 10:45:49PM | DOW | 33833 | Success | ||||||||
| 10:48:16PM | NASDAQ | 13749 | ‘cess | ||||||||
| 10:51:35PM | JAPAN | 28578 | 28512 | 28090 | 27969 | 28675 | 28690 | 28758 | 28840 | 28526 | Success |
20/04/2021 FTSE Closed at 6859 points. Change of -2.01%. Total value traded through LSE was: £ 6,216,900,407 a change of 19.04%
19/04/2021 FTSE Closed at 7000 points. Change of -0.27%. Total value traded through LSE was: £ 5,222,332,197 a change of -24.15%
16/04/2021 FTSE Closed at 7019 points. Change of 0.52%. Total value traded through LSE was: £ 6,885,119,827 a change of 21.21%
15/04/2021 FTSE Closed at 6983 points. Change of 0.63%. Total value traded through LSE was: £ 5,680,355,568 a change of 19.55%
14/04/2021 FTSE Closed at 6939 points. Change of 0.71%. Total value traded through LSE was: £ 4,751,574,999 a change of -6.5%
13/04/2021 FTSE Closed at 6890 points. Change of 0.01%. Total value traded through LSE was: £ 5,082,010,354 a change of 5.4%
12/04/2021 FTSE Closed at 6889 points. Change of -0.38%. Total value traded through LSE was: £ 4,821,423,252 a change of -22.92%
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:AGM Applied Graphene** **LSE:AVCT Avacta** **LSE:CPI Capita** **LSE:GKP Gulf Keystone** **LSE:HSBA HSBC** **LSE:NG. National Glug** **LSE:ODX Omega Diags** **LSE:PMG Parkmead** **LSE:SDY Speedyhire** **LSE:SRP Serco** **LSE:WTG Watchstone** **
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Updated charts published on : Applied Graphene, Avacta, Capita, Gulf Keystone, HSBC, National Glug, Omega Diags, Parkmead, Speedyhire, Serco, Watchstone,
LSE:AGM Applied Graphene Close Mid-Price: 38 Percentage Change: -2.56% Day High: 38.5 Day Low: 37
Gosh, this is getting boring. Conventional logic really suggests it’s at r ……..
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View Previous Applied Graphene & Big Picture ***
LSE:AVCTLSE:AVCT Avacta. Close Mid-Price: 244.8 Percentage Change: + 4.62% Day High: 290 Day Low: 243
In the event of Avacta enjoying further trades beyond 290, the share shou ……..
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View Previous Avacta & Big Picture ***
LSE:CPI Capita Close Mid-Price: 43.09 Percentage Change: -4.16% Day High: 45.14 Day Low: 43.02
Capita are another share, dazzling everyone with the darkness of inactivit ……..
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View Previous Capita & Big Picture ***
LSE:GKP Gulf Keystone Close Mid-Price: 174.6 Percentage Change: -2.78% Day High: 181.4 Day Low: 174
GKP are doing that thing, where the share price appears trapped at the lev ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:HSBA HSBC Close Mid-Price: 417.25 Percentage Change: -2.53% Day High: 427.85 Day Low: 416.65
This is looking a bit risky as weakness below 416 threatens reversal to an ……..
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View Previous HSBC & Big Picture ***
LSE:NG.LSE:NG. National Glug. Close Mid-Price: 911.3 Percentage Change: + 0.42% Day High: 911.9 Day Low: 900.6
Continued trades against NG. with a mid-price ABOVE 911.9 should improve ……..
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View Previous National Glug & Big Picture ***
LSE:ODX Omega Diags Close Mid-Price: 73 Percentage Change: -5.19% Day High: 78.5 Day Low: 71.5
Continued weakness against ODX taking the price below 71.5 calculates as ……..
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View Previous Omega Diags & Big Picture ***
LSE:PMGLSE:PMG Parkmead. Close Mid-Price: 39.35 Percentage Change: + 0.25% Day High: 40.3 Day Low: 38.3
Continued trades against PMG with a mid-price ABOVE 40.3 should improve t ……..
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View Previous Parkmead & Big Picture ***
LSE:SDYLSE:SDY Speedyhire. Close Mid-Price: 76.7 Percentage Change: + 1.46% Day High: 78 Day Low: 75
Target met. All Speedyhire needs are mid-price trades ABOVE 78 to improve ……..
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View Previous Speedyhire & Big Picture ***
LSE:SRP Serco Close Mid-Price: 142 Percentage Change: -0.98% Day High: 145 Day Low: 141.8
Continued trades against SRP with a mid-price ABOVE 145 should improve th ……..
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View Previous Serco & Big Picture ***
LSE:WTG Watchstone Close Mid-Price: 53.9 Percentage Change: -2.36% Day High: 53.2 Day Low: 53
Weakness on Watchstone below 53 will invariably lead to 50 with secondary ……..
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View Previous Watchstone & Big Picture ***