#France #WallSt and Eon from Trends and Targets
Our weekly trip to discover which shares are being most heavily traded in Europe brought E.On to our attention. To be honest, we’d no idea the company was German based, for some reason assuming they were Spanish. A glance at their corporate website revealed a pretty thorough checklist of all the current “right on” terms. They’ve Diversity mentioned, Hydrogen, Fuel Cells, Digital, Sustainability, and of course Innovation. The word “Profitable” was also mentioned once, a daring departure from the norm. Most corporate entities seem to prefer a web presence where dangerous trigger words like ‘profit’ are avoided!
Presently trading around 10,5 Eur, the share price is starting to show some interesting potentials despite spending most of May trapped in the arms of boring. Needing only above 10.8 Eur, a trip toward an initial 11.29 looks pretty assured and confident. For some surprising reason, we’ve multiple calculations all pointing at such an ambition and the story doesn’t actually end there.
Our secondary calculation, should 11.29 be exceeded, works out at 13 Eur. In fact, it may even be 13.4 Euro, thanks to the circled gap on the chart tossing a spanner in the works. Yet again, something surprising occurs with this secondary ambition as yet again, we’ve multiple arguments favouring price recovery to such a level. For this sort of thing to occur once, when reviewing a share price, is pretty unusual and generally indicates a comfortable “no-brainer” expectation of movement to a target level. We’ve never experienced this twice, against the same share, both from Big Picture and Near Term calculations. Time will tell as we’ve no idea what the numbers are telling us…
We started by complained Eon share price has been pretty boring during May and the reason appears to be the Blue line on the chart. If we zoom out, viewing the Big Picture since 2014, considerable effort is being made (currently) to inhibit Eon from exploring above this level. (See the inset) As a result, anything now above 10.8 is liable to promote fairly fast and strong price recovery.
Many thanks to those folk who find the few adverts on this page interesting. Pays for our necessary coffee intake!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:41:51PM | BRENT | 68.43 | ‘cess | ||||||||
| 10:43:57PM | GOLD | 1869.68 | ‘cess | ||||||||
| 10:46:09PM | FTSE | 7006.34 | Shambles | ||||||||
| 10:48:12PM | FRANCE | 6326.2 | 6323 | 6306 | 6267 | 6370 | 6357 | 6364 | 6377 | 6331 | ‘cess |
| 10:50:12PM | GERMANY | 15301 | ‘cess | ||||||||
| 10:53:21PM | US500 | 4118.42 | |||||||||
| 10:55:48PM | DOW | 34012 | 33976 | 33884 | 33683 | 34126 | 34126 | 34158 | 34219 | 34038 | Success |
| 10:58:03PM | NASDAQ | 13196.22 | |||||||||
| 11:00:09PM | JAPAN | 28026 | Success |
18/05/2021 FTSE Closed at 7034 points. Change of 0.03%. Total value traded through LSE was: £ 5,094,076,340 a change of 18.05%
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%
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:CBX Cellular Goods** **LSE:DGE Diageo** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:LLOY Lloyds Grp.** **LSE:POLY Polymetal** **LSE:RMG Royal Mail** **
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Updated charts published on : BP PLC, British Telecom, Cellular Goods, Diageo, IG Group, International Personal Finance, Lloyds Grp., Polymetal, Royal Mail,
LSE:BP. BP PLC. Close Mid-Price: 316.8 Percentage Change: + 0.44% Day High: 322.3 Day Low: 315.45
All BP PLC needs are mid-price trades ABOVE 322.3 to improve acceleration ……..
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View Previous BP PLC & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 170.5 Percentage Change: + 2.59% Day High: 171.25 Day Low: 165.25
All British Telecom needs are mid-price trades ABOVE 171.25 to improve ac ……..
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View Previous British Telecom & Big Picture ***
LSE:CBX Cellular Goods Close Mid-Price: 6.8 Percentage Change: -2.86% Day High: 7 Day Low: 6.78
If Cellular Goods experiences continued weakness below 6.78, it will inva ……..
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View Previous Cellular Goods & Big Picture ***
LSE:DGE Diageo Close Mid-Price: 3349 Percentage Change: -0.36% Day High: 3387 Day Low: 3325
All Diageo needs are mid-price trades ABOVE 3387 to improve acceleration ……..
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View Previous Diageo & Big Picture ***
LSE:IGG IG Group Close Mid-Price: 850 Percentage Change: -1.73% Day High: 871.5 Day Low: 852
This is entering dodgy territory. Now below 837p appears threatening, an i ……..
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View Previous IG Group & Big Picture ***
LSE:IPF International Personal Finance. Close Mid-Price: 141.8 Percentage Change: + 3.50% Day High: 142.8 Day Low: 135
Target met. Further movement against International Personal Finance ABOVE ……..
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View Previous International Personal Finance & Big Picture ***
LSE:LLOY Lloyds Grp.. Close Mid-Price: 48.6 Percentage Change: + 1.10% Day High: 48.95 Day Low: 48.31
In the event of Lloyds Grp. enjoying further trades beyond 48.95, the sha ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:POLY Polymetal. Close Mid-Price: 1674.5 Percentage Change: + 1.73% Day High: 1683.5 Day Low: 1654.5
All Polymetal needs are mid-price trades ABOVE 1683.5 to improve accelera ……..
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View Previous Polymetal & Big Picture ***
LSE:RMG Royal Mail. Close Mid-Price: 529.6 Percentage Change: + 2.00% Day High: 531 Day Low: 521.2
Continued trades against RMG with a mid-price ABOVE 531 should improve th ……..
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View Previous Royal Mail & Big Picture ***