#FTSE #Nasdaq Frustration at lack of action in the UK financial sector made us curious as to how things are going in Europe. The worlds 8th largest bank, Banque Nationale de Paris (BNP), is an obvious contender, their share price threatening to exceed the high before Covid-19 fouled up the markets. As both the Stoxx 50 and the CAC40 already have exceeded this benchmark, our suspicion is for financial elements to follow, leaving the UK even further behind.
For BNP, it closed Thursday at 53.83, a tiny amount below the critical 54.18 closing trigger we’re hoping for. Perhaps this shall not prove a big deal, the share price only needing trade above Thursdays day high of 54.58 to hopefully point at near term traffic in the direction of 56.12. Our inclination will be to view 56.12 as significant as the Green line on the chart explains. Reaching this level shall provide a solid definition of “higher high”, launching the share price into a region where a longer term cycle toward 60.62 is believable. In this instance, we can also give a 3rd level target at 67 Euro, an ambition which is visually believable.
If BNP intend go horribly wrong, the share price requires below 45.6, but only if it intends emulate UK banks by languishing in the gutter of despair. We’re inclined toward some hope.
FTSE for FRIDAY With spectacular levels of misplaced optimism, we started April by speculating whether the FTSE would follow the French model, maybe commencing a lunge toward the pre-Covid highs of 2020. The core element for this belief was an expectation the UK would doubtless mess around for a few weeks before finally heading north, perhaps with the FTSE experiencing an 8% gain in the process. At time of writing, the FTSE is at 6,961 points. When we wrote our gullible article (link), it was at 6,942 points. By our calculations, a 19 point movement on the FTSE is rather a lot less than an 8% gain and we’re not amused. Self defence demands we admit timeframes are rarely a strong suit, when applied to stock markets but we’d hoped for something more substantial in the way of a rise. The present situation demands the FTSE CLOSE above 7052 points before we dare believe any gains are being made with integrity.
From a near term viewpoint, the FTSE needs exceed 7025 points and this should trigger positive in the direction of 7052 points with secondary, if exceeded, calculating at 7092 points. If triggered, the tightest stop looks painfully wide at 6955 points.
Alternately and alas, more likely, is the risk travel below 6952 shall now provoke reversals to an initial 6910 points with secondary, if broken, working out at 6859 points.
*** As always, our thanks to those who find the adverts on this page sufficiently fascinating to visit. Rather nicely, it is paying for coffee beans.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:19:16PM | BRENT | 68.03 | 67.12 | 66.785 | 67.97 | 68.43 | 68.775 | 67.54 | Success | ||
| 10:30:25PM | GOLD | 1772.28 | 1755 | 1751 | 1770 | 1782 | 1785 | 1772 | Success | ||
| 10:33:17PM | FTSE | 6966 | 6938 | 6932.5 | 6975 | 7018 | 7039 | 6968 | Success | ||
| 10:38:52PM | FRANCE | 6317 | 6278 | 6270.5 | 6305 | 6350 | 6363.5 | 6325 | Success | ||
| 10:43:16PM | GERMANY | 15180 | 15147 | 15097.5 | 15204 | 15241 | 15259.5 | 15180 | Shambles | ||
| 10:46:27PM | US500 | 4206.77 | 4174 | 4160 | 4210 | 4217 | 4223.75 | 4185 | “” | ||
| 10:49:34PM | DOW | 34038 | 33983 | 33963.5 | 34059 | 34082 | 34142.5 | 33928 | “” | ||
| 10:52:08PM | NASDAQ | 13958 | 13829 | 13808.5 | 13923 | 14041 | 14114.25 | 13900 | “” | ||
| 10:54:12PM | JAPAN | 29006 | 28844 | 28770 | 28990 | 29142 | 29198 | 29051 | “” |
29/04/2021 FTSE Closed at 6961 points. Change of -0.03%. Total value traded through LSE was: £ 5,795,996,815 a change of 1.77%
28/04/2021 FTSE Closed at 6963 points. Change of 0.27%. Total value traded through LSE was: £ 5,695,013,979 a change of 9.25%
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%
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:BBY BALFOUR BEATTY** **LSE:BPC Bahamas Pet** **LSE:BT.A British Telecom** **LSE:EME Empyrean** **LSE:FRES Fresnillo** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IPF International Personal Finance** **LSE:LLOY Lloyds Grp.** **LSE:QFI Quadrise** **LSE:SCLP Scancell** **LSE:STAN Standard Chartered** **LSE:TLW Tullow** **
********
Updated charts published on : BALFOUR BEATTY, Bahamas Pet, British Telecom, Empyrean, Fresnillo, HSBC, Hurrican Energy, British Airways, International Personal Finance, Lloyds Grp., Quadrise, Scancell, Standard Chartered, Tullow,
LSE:BBY BALFOUR BEATTY Close Mid-Price: 317 Percentage Change: -1.18% Day High: 326.8 Day Low: 316
All BALFOUR BEATTY needs are mid-price trades ABOVE 326.8 to improve acce ……..
</p
View Previous BALFOUR BEATTY & Big Picture ***
LSE:BPCLSE:BPC Bahamas Pet. Close Mid-Price: 0.36 Percentage Change: + 2.43% Day High: 0.38 Day Low: 0.32
Weakness on Bahamas Pet below 0.32 will invariably lead to 0.31 with seco ……..
</p
View Previous Bahamas Pet & Big Picture ***
LSE:BT.ALSE:BT.A British Telecom. Close Mid-Price: 163.8 Percentage Change: + 2.47% Day High: 164.7 Day Low: 161.15
Continued trades against BT.A with a mid-price ABOVE 164.7 should improve ……..
</p
View Previous British Telecom & Big Picture ***
LSE:EMELSE:EME Empyrean. Close Mid-Price: 6.35 Percentage Change: + 13.39% Day High: 6.5 Day Low: 5.6
Target met. Further movement against Empyrean ABOVE 6.5 should improve ac ……..
</p
View Previous Empyrean & Big Picture ***
LSE:FRES Fresnillo Close Mid-Price: 830.4 Percentage Change: -2.33% Day High: 868 Day Low: 825.2
Continued weakness against FRES taking the price below 825.2 calculates a ……..
</p
View Previous Fresnillo & Big Picture ***
LSE:HSBALSE:HSBA HSBC. Close Mid-Price: 454.3 Percentage Change: + 2.47% Day High: 458.95 Day Low: 444
Further movement against HSBC ABOVE 458.95 should improve acceleration to ……..
</p
View Previous HSBC & Big Picture ***
LSE:HUR Hurrican Energy Close Mid-Price: 2.3 Percentage Change: -2.13% Day High: 2.47 Day Low: 2.25
Target met. In the event Hurrican Energy experiences weakness below 2.25 ……..
</p
View Previous Hurrican Energy & Big Picture ***
LSE:IAG British Airways Close Mid-Price: 201.45 Percentage Change: -0.64% Day High: 205.5 Day Low: 198.24
Quite absurdly, after 2 months, this has effectively done nothing and if I ……..
</p
View Previous British Airways & Big Picture ***
LSE:IPFLSE:IPF International Personal Finance. Close Mid-Price: 128.6 Percentage Change: + 6.28% Day High: 129.6 Day Low: 122.8
Target met. In the event of International Personal Finance enjoying furth ……..
</p
View Previous International Personal Finance & Big Picture ***
LSE:LLOYLSE:LLOY Lloyds Grp.. Close Mid-Price: 45.45 Percentage Change: + 0.78% Day High: 45.86 Day Low: 45
In the event of Lloyds Grp. enjoying further trades beyond 45.86, the sha ……..
</p
View Previous Lloyds Grp. & Big Picture ***
LSE:QFILSE:QFI Quadrise. Close Mid-Price: 5.7 Percentage Change: + 8.57% Day High: 5.98 Day Low: 5.36
Target met. All Quadrise needs are mid-price trades ABOVE 5.98 to improve ……..
</p
View Previous Quadrise & Big Picture ***
LSE:SCLP Scancell Close Mid-Price: 20.6 Percentage Change: -4.19% Day High: 21.25 Day Low: 19.75
In the event Scancell experiences weakness below 19.75 it calculates with ……..
</p
View Previous Scancell & Big Picture ***
LSE:STANLSE:STAN Standard Chartered. Close Mid-Price: 521.6 Percentage Change: + 5.63% Day High: 533.2 Day Low: 498
Further movement against Standard Chartered ABOVE 533.2 should improve ac ……..
</p
View Previous Standard Chartered & Big Picture ***
LSE:TLWLSE:TLW Tullow. Close Mid-Price: 56.18 Percentage Change: + 13.11% Day High: 57.72 Day Low: 50.52
Further movement against Tullow ABOVE 57.72 should improve acceleration t ……..
</p
View Previous Tullow & Big Picture ***