#France #Nasdaq Our intention of looking at an EU share every week was nearly forgotten, taking a low flying A400 military transport to provide a reminder. To set the scene, Tuesday was an overcast day, our dog being walked in the valley between two snow covered mountains. Quiet, peaceful, the only hazard being the sudden appearance of deer or squirrel, always the precursor to spending an hour or so trying to get a Golden Retriever to come back.
From nowhere, a massive aircraft roared overhead, sufficiently close to the ground a blast of wind heralded its passage. The RAF were playing with one of their new toys, an Airbus A400 which, it must be noted, appears substantially quieter thank the old fashioned Hercules it replaced. There was absolutely no way a Hercules could sneak up on me, the 4 engine grumble always giving sufficient warning one of the birds was prowling around in the Scottish glens, giving time to reach for a camera. This new toy, a discrete A400, gave zero warning of its low level approach, and only a glimpse of its distinctive tail fin gave enough of a clue for a Google search to identify the intruder.
This effort also served to remind of our campaign to cover some European stocks, on the basis they’re mostly doing better than UK offerings. Except, that is, for Airbus…
The company share price has proven about as interesting as all aviation stocks, since Covid-19 impacted. Similar to US Boeing, Airbus feels like the share price is about to take a trip to challenge the lows of 2021. The immediate suggestion is of weakness below 95 Eu triggering reversal to an initial 85, not a very threatening reversal and certainly giving the visual impression we should anticipate a bounce, should 85 make an appearance. The real danger comes if anything allows the share price to actually close below 85 Euro as our calculations become quite nasty. In such a scenario, we’re able to favour further descent in the direction of 61 Euro, a point where it almost must bounce. Even the visuals share such a suspicion.
However, we suspect the share shall struggle to get below 85, our calculations feeling just a little hysterical. As a result, there’s a fair chance this will prove worth keeping an eye on in case 85 makes a guest appearance.
To review the other side of the coin, the share price requires exceed 105 to hint at happy days ahead. Such a trigger presents an initial target level of 115 Euro with secondary, if exceeded, calculating at 128 Euro. Neither ambition comes close to exceeding the pre-Covid high of 138 and given a plethora of gloomy outlooks relating to air travel, common sense suggests aviation shares shall remain trapped between the pandemic highs and lows until such time confidence returns to the world.
Who knows, perhaps that bloke who runs Ryanair shall figure out a way of paying people to fly in his fleet!
Another huge thanks to those folk who find adverts on this page worth visiting.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:21:36PM | BRENT | 68.6 | Exact ! | ||||||||
| 10:23:58PM | GOLD | 1787 | ‘cess | ||||||||
| 10:25:55PM | FTSE | 7037.54 | Success | ||||||||
| 10:28:03PM | FRANCE | 6339.2 | 6310 | 6298 | 6282 | 6332 | 6346 | 6356.5 | 6397 | 6312 | Success |
| 10:33:30PM | GERMANY | 15153 | ‘cess | ||||||||
| 10:46:44PM | US500 | 4164 | |||||||||
| 10:49:07PM | DOW | 34227.1 | ‘cess | ||||||||
| 10:50:58PM | NASDAQ | 13502 | 13469 | 13451 | 13378 | 13601 | 13670 | 13722 | 13806 | 13540 | |
| 10:53:11PM | JAPAN | 29006 | Success |
5/05/2021 FTSE Closed at 7039 points. Change of 1.68%. Total value traded through LSE was: £ 6,461,512,143 a change of 1.02%
4/05/2021 FTSE Closed at 6923 points. Change of -0.66%. Total value traded through LSE was: £ 6,395,995,707 a change of -1.38%
30/04/2021 FTSE Closed at 6969 points. Change of 0.11%. Total value traded through LSE was: £ 6,485,673,817 a change of 11.9%
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 -100%. Total value traded through LSE was: £ 4,452,134,004 a change of 0%
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
Click Epic to jump to share: LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:EME Empyrean** **LSE:GLEN Glencore Xstra** **LSE:ITV ITV** **LSE:NG. National Glug** **LSE:QFI Quadrise** **LSE:TAN Tanfield** **
********
Updated charts published on : BP PLC, British Telecom, Empyrean, Glencore Xstra, ITV, National Glug, Quadrise, Tanfield,
LSE:BP. BP PLC. Close Mid-Price: 318.5 Percentage Change: + 2.69% Day High: 319 Day Low: 311.8
Further movement against BP PLC ABOVE 319 should improve acceleration tow ……..
</p
View Previous BP PLC & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 170.25 Percentage Change: + 1.37% Day High: 171.1 Day Low: 168.1
In the event of British Telecom enjoying further trades beyond 171.1, the ……..
</p
View Previous British Telecom & Big Picture ***
LSE:EME Empyrean Close Mid-Price: 6.2 Percentage Change: -10.14% Day High: 7.1 Day Low: 6.15
In the event of Empyrean enjoying further trades beyond 7.1, the share sh ……..
</p
View Previous Empyrean & Big Picture ***
LSE:GLEN Glencore Xstra. Close Mid-Price: 309.9 Percentage Change: + 4.63% Day High: 309.9 Day Low: 300.7
Continued trades against GLEN with a mid-price ABOVE 309.9 should improve ……..
</p
View Previous Glencore Xstra & Big Picture ***
LSE:ITV ITV. Close Mid-Price: 127.45 Percentage Change: + 2.53% Day High: 127.5 Day Low: 123.2
Further movement against ITV ABOVE 127.5 should improve acceleration towa ……..
</p
View Previous ITV & Big Picture ***
LSE:NG. National Glug Close Mid-Price: 910.1 Percentage Change: -0.57% Day High: 924 Day Low: 908.9
Target met. Continued trades against NG. with a mid-price ABOVE 924 shoul ……..
</p
View Previous National Glug & Big Picture ***
LSE:QFI Quadrise Close Mid-Price: 6.22 Percentage Change: -2.05% Day High: 6.66 Day Low: 6.08
Further movement against Quadrise ABOVE 6.66 should improve acceleration ……..
</p
View Previous Quadrise & Big Picture ***
LSE:TAN Tanfield. Close Mid-Price: 2.57 Percentage Change: + 14.73% Day High: 0 Day Low: 0
Tanfield share price movements stink, to use a technical term. For the las ……..
</p
View Previous Tanfield & Big Picture ***