#Dax #Nikkei This, essentially, is a tale of two transport companies. Both operate internationally, the French company flourishing, the British one rather less well. Obviously, the key ingredient is what they transport, Bollore moving “stuff” in trucks, Jet2 stuffing people onto jets. At least, that’s what Jet2 would love to do, aside from the small matter of a pandemic utterly trashing their business. The original pandemic price drop, when the company were known as Dart Group, saw the share plunge from 19 quid down to below £2. Changing their name last year to Jet2 certainly appears to have improved their fortunes, despite passenger numbers being dreadful
Presently trading around 1225p, it has been a real surprise witnessing the share climb from the pandemic low of 184p, despite air travel remaining a fraught ambition thanks to the UK Govt appearing to apply arbitrary rules against destinations. Even if inclined to fly somewhere, as Portugal recently proved, there’s a real risk of a holiday being interrupted, thanks to a change in status for a destination. The threat of being forced to quarantine for 10 days on return, forced holidaymakers to grab flights to the UK in panic before the new rules were applied.
It certainly begs the question; if a country has become dodgy, facing a change to its status, why bother giving 5 days notice? The Covid-19 germ must be one of the most intelligent virus’ ever, knowing it’s not to travel to the UK during the warning period before travel stops.
We find it interesting the bounce from pandemic bottom has been so energetic. We’d calculated the potential of movement to 1411p, the price achieving this target pretty effortlessly and better still, exceeding the level through 6 price movement cycles, the most recent upward pulse hitting 1571p. While encouraging, movement in the last few weeks is proving a concern, the immediate situation suggesting weakness continuing below 1215 risks an attempt at 1093p.
Descending to such a level risks provoking a bigger picture problem as below 1093p threatens a further change down to a bottom, hopefully, at 949p.
Visually, some slight hope is available, should the share somehow find impetus to lift itself above Red on the chart, currently around 1400p. Such a miracle calculates with a cycle commencing toward 1848p, pretty close to (but not exceeding) their pre-pandemic high. Only when shares start trading above this level shall we become truly enthusiastic, rather than cautious.
Bollore (EU:BOL) Regarded as one of the worlds 500 largest companies, Bollore are a French transport company, founded in 1822. We’ll admit, we’d never heard of them until we studied price movements in Europe in the hope of finding a decent “pick” where the upward potentials reflect what’s happening with the French stock market. As it has exceeded its levels pre-Covid, we’re automatically hopeful for its future.
Before the Covid-19 drop last year, Bollore achieved 3.9 Euro and now, is trading higher at 4.42. The share price has exhibited a reliable climb from being laid low by the virus and importantly, the market opted to gap it upward (circled) in February, clearly intending a visit to happier climes.
The current scenario suggests above 4.6 Euro should head to an initial 4.95, along with some probable hesitation. But we expect 4.95 shall be exceeded, giving a longer term potential of 5.64, along with a need to revisit our numbers for the future. If everything intends go wrong, the share will require trading below 4.03 to inspire panic, along with a real threat of traffic down to 3.4 and hopefully a bounce.
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FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:49:04PM | BRENT | 73.43 | |||||||||
| 10:52:02PM | GOLD | 1812.03 | Success | ||||||||
| 10:54:14PM | FTSE | 7166 | |||||||||
| 10:56:11PM | FRANCE | 6647 | Shambles | ||||||||
| 10:59:24PM | GERMANY | 15671 | 15659 | 15627.5 | 15572 | 15758 | 15767 | 15807.5 | 15857 | 15659 | Success |
| 11:01:25PM | US500 | 4212.27 | Success | ||||||||
| 11:03:53PM | DOW | 33965 | Success | ||||||||
| 11:13:30PM | NASDAQ | 13937 | Success | ||||||||
| 11:15:35PM | JAPAN | 29240 | 29140 | 29110 | 28990 | 29330 | 29412 | 29429 | 29525 | 29234 | Success |
16/06/2021 FTSE Closed at 7184 points. Change of 0.17%. Total value traded through LSE was: £ 5,933,708,307 a change of 0.36%
15/06/2021 FTSE Closed at 7172 points. Change of 0.36%. Total value traded through LSE was: £ 5,912,147,960 a change of 2.11%
14/06/2021 FTSE Closed at 7146 points. Change of 0.17%. Total value traded through LSE was: £ 5,789,732,909 a change of 12.95%
11/06/2021 FTSE Closed at 7134 points. Change of 0.65%. Total value traded through LSE was: £ 5,126,105,822 a change of 3.18%
10/06/2021 FTSE Closed at 7088 points. Change of 0.1%. Total value traded through LSE was: £ 4,968,352,767 a change of 1.13%
9/06/2021 FTSE Closed at 7081 points. Change of -0.2%. Total value traded through LSE was: £ 4,913,059,029 a change of 3.4%
8/06/2021 FTSE Closed at 7095 points. Change of 0.25%. Total value traded through LSE was: £ 4,751,728,118 a change of 8.88%
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.
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:CNA Centrica** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:GKP Gulf Keystone** **LSE:HIK Hikma** **LSE:IAG British Airways** **LSE:OXIG Oxford Instruments** **LSE:QFI Quadrise** **LSE:SPX Spirax** **LSE:TLW Tullow** **
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Updated charts published on : BP PLC, British Telecom, Centrica, Capita, Diageo, MAN, Experian, Gulf Keystone, Hikma, British Airways, Oxford Instruments, Quadrise, Spirax, Tullow,
LSE:BP. BP PLC Close Mid-Price: 328.95 Percentage Change: -1.13% Day High: 336.95 Day Low: 328.4
In the event of BP PLC enjoying further trades beyond 336.95, the share s ……..
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View Previous BP PLC & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 200.2 Percentage Change: + 1.44% Day High: 203.1 Day Low: 197.1
All British Telecom needs are mid-price trades ABOVE 203.1 to improve acc ……..
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View Previous British Telecom & Big Picture ***
LSE:CNA Centrica Close Mid-Price: 52.16 Percentage Change: -0.15% Day High: 52.44 Day Low: 51.66
In the event Centrica experiences weakness below 51.66 it calculates with ……..
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View Previous Centrica & Big Picture ***
LSE:CPI Capita Close Mid-Price: 38.55 Percentage Change: -1.26% Day High: 39.5 Day Low: 37.83
In the event Capita experiences weakness below 37.83 it calculates with a ……..
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View Previous Capita & Big Picture ***
LSE:DGE Diageo. Close Mid-Price: 3486.5 Percentage Change: + 0.23% Day High: 3509 Day Low: 3478.5
Target met. All Diageo needs are mid-price trades ABOVE 3509 to improve a ……..
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View Previous Diageo & Big Picture ***
LSE:EMG MAN. Close Mid-Price: 190.2 Percentage Change: + 0.77% Day High: 190.85 Day Low: 186.95
Target met. All MAN needs are mid-price trades ABOVE 190.85 to improve ac ……..
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View Previous MAN & Big Picture ***
LSE:EXPN Experian. Close Mid-Price: 2770 Percentage Change: + 0.91% Day High: 2775 Day Low: 2750
Further movement against Experian ABOVE 2775 should improve acceleration ……..
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View Previous Experian & Big Picture ***
LSE:GKP Gulf Keystone. Close Mid-Price: 201 Percentage Change: + 1.21% Day High: 202.5 Day Low: 197.4
In the event of Gulf Keystone enjoying further trades beyond 202.5, the s ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:HIK Hikma. Close Mid-Price: 2512 Percentage Change: + 1.05% Day High: 2533 Day Low: 2479
In the event of Hikma enjoying further trades beyond 2533, the share shou ……..
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View Previous Hikma & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 196.64 Percentage Change: + 0.92% Day High: 198.06 Day Low: 193.64
This now needs exceed 226 to confirm “proper” upward travel, allowing an i ……..
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View Previous British Airways & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2265 Percentage Change: + 0.89% Day High: 2290 Day Low: 2215
Target met. Continued trades against OXIG with a mid-price ABOVE 2290 sho ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:QFI Quadrise Close Mid-Price: 3.94 Percentage Change: -8.37% Day High: 4.3 Day Low: 3.89
Continued weakness against QFI taking the price below 3.89 calculates as ……..
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View Previous Quadrise & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 13595 Percentage Change: + 0.93% Day High: 13655 Day Low: 13455
ABOVE 13585 should improve the share value to firstly 14070 with secondary ……..
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View Previous Spirax & Big Picture ***
LSE:TLW Tullow. Close Mid-Price: 64.94 Percentage Change: + 0.90% Day High: 66.18 Day Low: 63.56
In the event of Tullow enjoying further trades beyond 66.18, the share sh ……..
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View Previous Tullow & Big Picture ***