Natwest Group Plc and Sleeping Beauty

#BrentCrude #WallSt Except for the stock markets, there’s a lot to be said for “nothing really happening” as we’re all in favour of a bit of peace and quiet, especially following the unpleasant year we’ve all experienced. Unfortunately, the FTSE 100 remains a fully paid up member of “The Lethargy Club” and this boredom has encompassed unpleasant numbers of shares. Thankfully, with the FTSE, the last week has given early warning for a change in fortunes and with Natwest, perhaps we should see the bank share price finally do something interesting.

The core issue with Natwest took place 6 weeks ago, a triggering movement which thus far has produced nothing. This has been so utterly frustrating we’re still featuring our irritation in this, our 3rd analysis since March 7th 2021. Despite moaning we’re not great with timeframes, it has been very frustrating witnessing the rest of the world enjoy stock markets which perform according to logic while in the UK, we’re a stock market which models itself after “The Sleeping Beauty”. We should maybe console ourselves with the sentiment, ‘while nothing good has happened, neither has anything bad’.

 

Our immediate hope comes from easing of many UK Lockdown restrictions from 26th April. Perhaps this, finally, shall provide an excuse for the UK primary market to wake up and dance (or whatever Sleeping Beauty did) as we can calculate some interesting potentials from a Big Picture perspective, along with a fascinating near term ambition.

For Natwest share price, next above 201p remains with a hope for 212p next, this number fascinating us since March. The bank share price has done nothing to dispel the notion, just joylessly failed to make the final step to our target level.

What sparks our interest comes should the movement to 212p occur as this risks a cascade effect. Or at least, it would if the UK market opts to follow the examples being set in France, Germany, the USA, Japan, Australia, etc. Achieving 212p should prove important to The Big Picture, triggering a longer term cycle toward 251p with a longer term main attraction residing at 307p. It’s not often we can present a scenario for a retail bank which gives the prospect of 50% growth. If it were not for the visuals on the chart below, our inclination would be to distrust the game plan as a pipe dream.

 

At time of writing, the share is trading around 194p. The price needs below 183p to give reason for panic, allowing weakness to an initial 171p with secondary, if broken, a scary looking 141p.

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Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:50:09PM BRENT 65.48 64.59 63.8 62.53 65.67 65.76 66.06 66.71 65
9:52:42PM GOLD 1777.46 ‘cess
9:54:31PM FTSE 6923.79
10:02:43PM FRANCE 6251 Shambles
10:04:56PM GERMANY 15267.96 ‘cess
10:06:55PM US500 4178.37 ‘cess
10:09:34PM DOW 34040 33951 33884.5 33793 34056 34080 34162.25 34226 33980 ‘cess
10:11:50PM NASDAQ 13936.74 ‘cess
10:14:16PM JAPAN 29166
23/04/2021 FTSE Closed at 6938 points. Change of 0%. Total value traded through LSE was: £ 4,560,582,809 a change of -19.42%
22/04/2021 FTSE Closed at 6938 points. Change of 0.62%. Total value traded through LSE was: £ 5,660,042,698 a change of 11.95%
21/04/2021 FTSE Closed at 6895 points. Change of 0.52%. Total value traded through LSE was: £ 5,055,857,470 a change of -18.68%
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%

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:AML Aston Martin** **LSE:ASC Asos** **LSE:BPC Bahamas Pet** **LSE:EME Empyrean** **LSE:FGP Firstgroup** **LSE:ITRK Intertek** **LSE:NG. National Glug** **LSE:PMG Parkmead** **LSE:QFI Quadrise** **LSE:WTG Watchstone** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Aston Martin, Asos, Bahamas Pet, Empyrean, Firstgroup, Intertek, National Glug, Parkmead, Quadrise, Watchstone, Zoo Digital,

LSE:AML Aston Martin Close Mid-Price: 1956 Percentage Change: -0.69% Day High: 1968.5 Day Low: 1930

This seems to be flatlining but realistically, the price needs below 1795 ……..

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View Previous Aston Martin & Big Picture ***

LSE:ASCLSE:ASC Asos. Close Mid-Price: 5314 Percentage Change: + 1.07% Day High: 5328 Day Low: 5176

Next below 4965 should indicate problems, allowing ongoing weakness to an ……..

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View Previous Asos & Big Picture ***

LSE:BPC Bahamas Pet Close Mid-Price: 0.4 Percentage Change: -24.19% Day High: 0.48 Day Low: 0.38

Continued weakness against BPC taking the price below 0.38 calculates as ……..

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View Previous Bahamas Pet & Big Picture ***

LSE:EMELSE:EME Empyrean. Close Mid-Price: 5.95 Percentage Change: + 5.31% Day High: 5.95 Day Low: 5.4

In the event of Empyrean enjoying further trades beyond 5.95, the share s ……..

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View Previous Empyrean & Big Picture ***

LSE:FGPLSE:FGP Firstgroup. Close Mid-Price: 88.9 Percentage Change: + 4.47% Day High: 101.3 Day Low: 88.55

Target met. All Firstgroup needs are mid-price trades ABOVE 101.3 to impr ……..

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LSE:ITRKLSE:ITRK Intertek. Close Mid-Price: 6198 Percentage Change: + 0.98% Day High: 6266 Day Low: 6112

Continued trades against ITRK with a mid-price ABOVE 6266 should improve ……..

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LSE:NG. National Glug Close Mid-Price: 903.5 Percentage Change: -1.26% Day High: 918 Day Low: 899.5

Further movement against National Glug ABOVE 918 should improve accelerat ……..

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LSE:PMGLSE:PMG Parkmead. Close Mid-Price: 48.15 Percentage Change: + 6.76% Day High: 49 Day Low: 47.1

In the event of Parkmead enjoying further trades beyond 49, the share sho ……..

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LSE:QFI Quadrise Close Mid-Price: 4.04 Percentage Change: -6.05% Day High: 4.36 Day Low: 3.91

In the event of Quadrise enjoying further trades beyond 4.36, the share s ……..

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LSE:WTG Watchstone Close Mid-Price: 51.1 Percentage Change: -4.66% Day High: 52.6 Day Low: 50.2

Target met. In the event Watchstone experiences weakness below 50.2 it ca ……..

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</p

View Previous Watchstone & Big Picture ***

LSE:ZOOLSE:ZOO Zoo Digital. Close Mid-Price: 129.5 Percentage Change: + 1.57% Day High: 132.5 Day Low: 127.5

Target met. All Zoo Digital needs are mid-price trades ABOVE 132.5 to imp ……..

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View Previous Zoo Digital & Big Picture ***

*** End of “Updated Today” comments on shares.

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