Ripple & HSBC (Coin:XRPUSD) & LSE:HSBA) We’re not entirely clear how folk are able to trade the crypto, Ripple, but our interest is aroused due to the number of emails received regarding our thoughts for the its future. The immediate picture would be attractive, if we were not discussing a crypto as we don’t trust their pricing across exchanges. For Ripple, presently trading around 1.513, it appears movement above 1.70 is almost certain to promote price growth toward an initial 1.95.
Should such a level be exceeded, we can calculate a secondary ambition which we’d usually refer to as ‘longer term’ at 2.19. Of course, as this is a crypto, longer term can easily mean sometime in the next hour or so. When things get exciting, crypto will almost move pretty fast.
It’s curious to note our ambition around the 1.95 level coincides with a Blue downtrend line, a feature in price movements which dates back to 2018. Common sense tends suggest expecting some price hesitation at such a level, especially as it almost matches the prior highs from April this year.
Only if Ripple tends trade below 0.86 would we now be inclined to panic as the reversal threat to 0.07 is quite hideous. To be fair, we suspect the Red line on the chart would intrude as we’re not the only folk capable of drawing straight lines.
As always, our thanks to those who find useful advertising on this page!
HSBC Holdings PLC (LSE:HSBA) When we last reviewed this bank in 2020 (link), we quite gloomily projected the threat of a bottom at 302p. We were feeling quite smug about our prediction until Sept 21st when the market opted to gap (manipulate) the price below our target (circled). Just four days later, the market opted to gap the price above our target level. How we chuckled as a perfect Lady GaGa performance ensued. This is a reference to some really irrational behaviour, mainly from London, where a price is Gapped Down, then Gapped Up. This piece of insanity will often be the precursor for a period of strength and in the case of HSBC, the share price rose steadily from 302p up to 450p. By any standards, an epic GaGa performance, one rarely seen since Covid-19 hit the markets in March 2020.
To be honest, we’ve been unable to produce a reliable map for this behaviour, due to these price gaps giving a period where the share has moved without trades. This makes our usual progression formula uncertain. As everyone learns, you can multiply zero by a million and the answer is still zero. Perhaps this alone provides a reason for this type of market behaviour.
The situation now with HSBC suggests growth next exceeding 459p should aim for an initial 491p. With closure above this point, our longer term secondary calculates at a confident looking 575p.
Should HSBC decide to explore the u-bend in the toilet of share prices, it needs drop below 410 to suggest panic as this threatens reversal to an initial 379p. If broken, our secondary is at 306p and an almost certain bottom.
Success
17/05/2021 FTSE Closed at 7032 points. Change of -0.16%. Total value traded through LSE was: £ 4,315,305,188 a change of -15.16%
14/05/2021 FTSE Closed at 7043 points. Change of 1.15%. Total value traded through LSE was: £ 5,086,620,345 a change of -7.58%
13/05/2021 FTSE Closed at 6963 points. Change of -0.59%. Total value traded through LSE was: £ 5,503,652,334 a change of -7.78%
12/05/2021 FTSE Closed at 7004 points. Change of 0.82%. Total value traded through LSE was: £ 5,968,278,155 a change of -15.12%
11/05/2021 FTSE Closed at 6947 points. Change of -2.47%. Total value traded through LSE was: £ 7,031,531,361 a change of 14.21%
10/05/2021 FTSE Closed at 7123 points. Change of -0.08%. Total value traded through LSE was: £ 6,156,776,739 a change of 2.81%
7/05/2021 FTSE Closed at 7129 points. Change of 0.75%. Total value traded through LSE was: £ 5,988,474,650 a change of -25.26%
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:06:50PM | BRENT | 69.39 | ‘cess | ||||||||
| 10:08:34PM | GOLD | 1867.28 | 1843 | 1835 | 1824 | 1856 | 1868 | 1872.75 | 1882 | 1852 | Success |
| 10:10:29PM | FTSE | 7061.04 | |||||||||
| 10:12:15PM | FRANCE | 6382 | |||||||||
| 10:14:14PM | GERMANY | 15432 | |||||||||
| 10:16:18PM | US500 | 4165 | |||||||||
| 10:24:04PM | DOW | 34368 | |||||||||
| 10:28:04PM | NASDAQ | 13325.15 | 13187 | 13144.5 | 13041 | 13285 | 13405 | 13466 | 13558 | 13303 | Success |
| 10:30:59PM | JAPAN | 27761 | Success |
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:AML Aston Martin** **LSE:BARC Barclays** **LSE:CBX Cellular Goods** **LSE:FOXT Foxtons** **LSE:HUR Hurrican Energy** **LSE:IPF International Personal Finance** **LSE:NG. National Glug** **LSE:SBRY Sainsbury** **
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Updated charts published on : Aston Martin, Barclays, Cellular Goods, Foxtons, Hurrican Energy, International Personal Finance, National Glug, Sainsbury,
LSE:AML Aston Martin Close Mid-Price: 1915.5 Percentage Change: -2.15% Day High: 1956.5 Day Low: 1880
There are slight suggestions this is about to break down. Weakness next be ……..
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LSE:BARC Barclays Close Mid-Price: 179.22 Percentage Change: -0.82% Day High: 182.24 Day Low: 178.14
This is still painful, worse than listening to Little Mix… Above 187 sho ……..
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LSE:CBX Cellular Goods. Close Mid-Price: 7 Percentage Change: + 0.00% Day High: 7.1 Day Low: 6.88
Weakness on Cellular Goods below 6.88 will invariably lead to 6.5 with se ……..
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LSE:FOXT Foxtons Close Mid-Price: 59.2 Percentage Change: -0.50% Day High: 60 Day Low: 58.7
Foxton share price movements seem a little off colour, especially given ho ……..
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LSE:HUR Hurrican Energy. Close Mid-Price: 0.71 Percentage Change: + 7.87% Day High: 0.73 Day Low: 0.64
In the event Hurrican Energy experiences weakness below 0.64 it calculate ……..
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LSE:IPF International Personal Finance. Close Mid-Price: 137 Percentage Change: + 0.59% Day High: 140 Day Low: 136.6
Continued trades against IPF with a mid-price ABOVE 140 should improve th ……..
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LSE:NG. National Glug Close Mid-Price: 931.1 Percentage Change: -0.53% Day High: 942.1 Day Low: 924.6
Continued trades against NG. with a mid-price ABOVE 942.1 should improve ……..
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LSE:SBRY Sainsbury. Close Mid-Price: 264.5 Percentage Change: + 2.12% Day High: 266.8 Day Low: 259.8
Target met. In the event of Sainsbury enjoying further trades beyond 266. ……..
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*** End of “Updated Today” comments on shares.