Flight & International Consolidated Airlines (aka British Airways)

#FTSE #Nasdaq Lockdown brought the discovered joy of not needing to fly anywhere, grounding airline share prices. Further notable discoveries during this last year involved Parma Ham packaging and how to get dressed in the dark, just two things which shall be remembered once Lockdown becomes a memory and we’re again are forced to embrace the dubious pleasure of flying.

Getting dressed in the dark, aided by illumination from a mobile, became a feature when required to make video calls for international chats at stupid times. Eventually, it was noted the laundry label on t-shirts and sweaters is always located on the inner left hand seam of garments. Immediately, a fashion faux pas was avoided as it became impossible to wear t-shirts inside out or back to front, similarly with sweaters. For some reason, there’s always a member of the Zoom Stasi, eager to make a “funny comment” about getting dressed in the dark.

The Parma Ham incident, however, was probably something the rest of the world already knows. My wife has learned it’s best to say nothing about my antics when opening cooked meat packaging. Generally, a small kitchen knife is used to stab the package, then cut a flap. Lifting the flap allows the meat (or smoked salmon) to be removed and a quick sandwich assembled (we try to be sociable during video chats), essentially lunching together.

And then one day, the world changed.

The Parma Ham was laid flat, expecting its usual stabbing, when a feature of the plastic caught my eye. Printed on the packet were a series of lines on just one corner. Closer inspection (aka, reading glasses) revealed the edge could be pealed at this point, allowing the lid to be opened and resealed with ease. A quick glance at every similar plastic package led to the discovery of this being a standard thing, even available on packets of bacon and cheese slices.

I could now get dressed, even feed myself and it was all thanks to Lockdown…

 

Will the airline industry reveal any discoveries, once flying resumes? Or shall they continue treating paying customers as a necessary inconvenience. We suspect a charm offensive shall be employed, if only due to the number of surveys reporting extreme reticence about flying, despite immunisations. The airline industry believe it will be many, many years until they can return to their prior passenger levels and this degree of hesitation is illustrated with IAG’s share price movements.

Since breaking though its immediate downtrend back in March this year, any optimism which looked forward to a rise was dashed pretty swiftly, the share price opting to flounder around aimlessly for a couple of months. Worse, not only has it not gone up, the price managed to fall below the level of trend break and this is rarely a good sign. Instead, it tends indicate any historical trend shall be ignored until such time a good reason NOT to ignore it appears. With IAG, there’s been a solid fascination with the 200p trend break level and when we look back in time, this level has been fouling things up since Covid-19 hit at the start of last year.

Presently trading around 203p, the share price needs better 224p to allow hope for the future as we can calculate the potential of this triggering recovery to an initial 261p. If exceeded, we can even propose a longer term attraction lurking at 350p and with prior movement history, we suspect some hesitation at such a level.

There is a caveat we should mention, one which may prove important. If the market discovers reason to “gap” IAG share price upward by around 40p for whatever excuse, we shall take this as a signal the market intends the share price to start a strong recovery process. In such a scenario, we can suggest a Big Picture longer term ambition awaiting from 578p. Absolutely nothing suggests this scenario at present but there are quite a few airline industry shares which will require kick started to get them moving properly.

 

As always, we can present a converse scenario as the price needs break below Red on the chart, currently 183p, to justify concern as this triggering a descent to an initial 153p with our longer term secondary, if broken, working out at 107p and hopefully a proper bounce.

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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
9:50:01PM BRENT 66.08 ‘cess
9:53:06PM GOLD 1777 ‘cess
9:56:08PM FTSE 6949 6926 6916 6896 6961 6976 6989 7039 6938
9:58:02PM FRANCE 6278.5
10:01:07PM GERMANY 15267 ‘cess
10:03:14PM US500 4187.22
10:08:49PM DOW 33914 ‘cess
10:11:10PM NASDAQ 13966 13945 13919 13872 14001 14060 14077 14200 13994
10:14:41PM JAPAN 28979 Success

 

 

27/04/2021 FTSE Closed at 6944 points. Change of -0.27%. Total value traded through LSE was: £ 5,212,742,605 a change of 17.08%
26/04/2021 FTSE Closed at 6963 points. Change of 0.36%. Total value traded through LSE was: £ 4,452,134,004 a change of -2.38%
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%

 

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:BPC Bahamas Pet** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:EXPN Experian** **LSE:GLEN Glencore Xstra** **LSE:ITV ITV** **LSE:NWG Natwest** **LSE:ODX Omega Diags** **LSE:QFI Quadrise** **LSE:RR. Rolls Royce** **LSE:SRP Serco** **LSE:WTG Watchstone** **

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Updated charts published on : Bahamas Pet, British Telecom, Carclo, Experian, Glencore Xstra, ITV, Natwest, Omega Diags, Quadrise, Rolls Royce, Serco, Watchstone,

LSE:BPCLSE:BPC Bahamas Pet. Close Mid-Price: 0.38 Percentage Change: + 0.13% Day High: 0.39 Day Low: 0.37

In the event Bahamas Pet experiences weakness below 0.37 it calculates wi ……..

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LSE:BT.ALSE:BT.A British Telecom. Close Mid-Price: 158.6 Percentage Change: + 1.31% Day High: 158.65 Day Low: 155.5

In the event of British Telecom enjoying further trades beyond 158.65, th ……..

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LSE:CARLSE:CAR Carclo. Close Mid-Price: 40 Percentage Change: + 12.20% Day High: 40.8 Day Low: 33

Target met. All Carclo needs are mid-price trades ABOVE 40.8 to improve a ……..

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LSE:EXPNLSE:EXPN Experian. Close Mid-Price: 2796 Percentage Change: + 1.90% Day High: 2799 Day Low: 2734

Further movement against Experian ABOVE 2799 should improve acceleration ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 302.1 Percentage Change: -1.34% Day High: 308.8 Day Low: 300.65

In the event of Glencore Xstra enjoying further trades beyond 308.8, the ……..

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LSE:ITV ITV Close Mid-Price: 116.55 Percentage Change: -1.73% Day High: 119.1 Day Low: 115.55

Below 114 is starting to look troubling, risking triggering a cascade of r ……..

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LSE:NWGLSE:NWG Natwest. Close Mid-Price: 201.1 Percentage Change: + 1.21% Day High: 201.6 Day Low: 197.55

Target met. All Natwest needs are mid-price trades ABOVE 201.6 to improve ……..

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LSE:ODXLSE:ODX Omega Diags. Close Mid-Price: 74 Percentage Change: + 0.00% Day High: 74 Day Low: 65

Target met. If Omega Diags experiences continued weakness below 65, it wi ……..

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LSE:QFILSE:QFI Quadrise. Close Mid-Price: 4.58 Percentage Change: + 11.56% Day High: 4.56 Day Low: 4.32

Target met. Further movement against Quadrise ABOVE 4.56 should improve a ……..

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LSE:RR. Rolls Royce Close Mid-Price: 102.94 Percentage Change: -4.53% Day High: 107.76 Day Low: 103.18

It continues to feel odd, approaching RR share price with a sinking feelin ……..

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LSE:SRPLSE:SRP Serco. Close Mid-Price: 143.8 Percentage Change: + 1.70% Day High: 148.1 Day Low: 141.6

In the event of Serco enjoying further trades beyond 148.1, the share sho ……..

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LSE:WTG Watchstone Close Mid-Price: 50 Percentage Change: -4.76% Day High: 52 Day Low: 48

Weakness on Watchstone below 48 will invariably lead to 46 with secondary ……..

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View Previous Watchstone & Big Picture ***

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

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