#Morrison Supermarkets & #TUI (LSE:MRW & LSE:TUI) Over the years, a decent moniker is generally coined to encompass a disaster for the markets. The start of the 21st Century heralded “The Tech Crisis”, a few years later we weathered “The Financial Crisis” (not sure if that one is over yet!) and now, what can describe recent events. It’s easy to use the term “The Pandemic” as a catchall but it fails to elaborate on where problems really reside.
From a UK perspective, it’s all about travel, regardless whether you’re a human or a pineapple. Or a hybrid of the two, masquerading as a UK politician… Perhaps this shall become known as “The Year The Earth Stood Still” but invariably, the easiest option will be used and we should just accept the “Covid Crisis”.
Supermarkets appear to be developing a quaint custom, rather than admit supply shortages we’re faced with the fruit aisle displaying lovely cardboard photographs of what they don’t have in stock. Whether it’s pictures of exotic fruit or boring oranges, we’ve quickly become used to glancing up a corridor before deciding it’s a waste of time. Elsewhere in the store, a mainstay of cuisine everywhere, the Pot Noodle container, has expanded from its usual humble residence, often enjoying placement from bottom shelf to top shelf to conceal the fact real food is unavailable.
Elsewhere, travel, which used to give humans a taste of maximum holiday flight discomfort, has suffered, airlines, airport, air cargo, all experiencing substantial drops in numbers. The holiday industry where TUI is a giant, is one such example, the company seeing their share price collapse from 18 quid just three years ago. Surprisingly, the price already halved in the period prior to the pandemic, doubtless a prescient gift from the coming Brexit.
Current price movements for TUI do not inspire confidence. There’s an immediate threat of weakness below 359 provoking reversal to an initial 343 with secondary, if broken, at 318p and hopefully a proper bounce. The implications below 318p look quite nasty from a bigger picture perspective, as an excursion down to 221p becomes painfully possible.
Slight hope is possible, if the price discovers an excuse to trade above 419p as recovery to an initial 462 calculates as probable with our longer term secondary working out at 525p. Only if the share price actually manages above 525p shall we feel safe in assuming “real” recovery has commenced.
Morrison Supermarkets With speculation over the companies future ownership remaining the silly season story, there appears to be several theories as to whether a bidding war will ensue between private equity firms and even the likes of Amazon for control of the supermarket chain. In an act of kindness, the market opted to gap the share price up by 40p, giving an early clue as to where they regard the base worth of the share in current conditions.
At present, we’re interested in the price potentials should the share price manage above 242p. Such an event looks capable of driving future price growth to an initial 260p with secondary, if exceeded, calculating at 334p. Due to our secondary matching the previous high from 2012, such an ambition makes quite a lot of visual sense.
For everything to go wrong, the market would need gap the share price down below 200p. Such a movement would suggest running for the hills as the implications for the share price are quite dreadful.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:49:41PM | BRENT | 74.7 | ‘cess | ||||||||
| 9:51:56PM | GOLD | 1760.84 | Success | ||||||||
| 9:54:22PM | FTSE | 7087 | 7061 | 7046 | 7021 | 7090 | 7099 | 7105 | 7119 | 7071 | |
| 9:56:18PM | FRANCE | 6567 | 6560 | 6551 | 6535 | 6575 | 6599 | 6615 | 6637 | 6575 | Success |
| 9:58:57PM | GERMANY | 15705 | Success | ||||||||
| 10:01:28PM | US500 | 4294.12 | ‘cess | ||||||||
| 10:03:30PM | DOW | 34303 | Success | ||||||||
| 10:07:09PM | NASDAQ | 14594 | |||||||||
| 10:09:31PM | JAPAN | 28836 |
29/06/2021 FTSE Closed at 7087 points. Change of 0.21%. Total value traded through LSE was: £ 4,426,489,456 a change of -5.63%
28/06/2021 FTSE Closed at 7072 points. Change of -0.9%. Total value traded through LSE was: £ 4,690,740,791 a change of -4.03%
25/06/2021 FTSE Closed at 7136 points. Change of 0.38%. Total value traded through LSE was: £ 4,887,856,351 a change of -13.99%
24/06/2021 FTSE Closed at 7109 points. Change of 0.49%. Total value traded through LSE was: £ 5,682,704,264 a change of 17.41%
23/06/2021 FTSE Closed at 7074 points. Change of -0.23%. Total value traded through LSE was: £ 4,840,178,620 a change of 4.89%
22/06/2021 FTSE Closed at 7090 points. Change of 0.4%. Total value traded through LSE was: £ 4,614,657,268 a change of -14.59%
21/06/2021 FTSE Closed at 7062 points. Change of 0.64%. Total value traded through LSE was: £ 5,402,713,223 a change of -54.05%
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:EME Empyrean** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:ITM ITM Power** **LSE:OXIG Oxford Instruments** **LSE:POLY Polymetal** **LSE:RBD Reabold Resources PLC** **LSE:RR. Rolls Royce** **LSE:SPX Spirax** **
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Updated charts published on : Empyrean, EasyJet, Fresnillo, Genel, HSBC, British Airways, ITM Power, Oxford Instruments, Polymetal, Reabold Resources PLC, Rolls Royce, Spirax,
LSE:EME Empyrean. Close Mid-Price: 6.6 Percentage Change: + 1.54% Day High: 6.6 Day Low: 6.4
All Empyrean needs are mid-price trades ABOVE 6.6 to improve acceleration ……..
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View Previous Empyrean & Big Picture ***
LSE:EZJ EasyJet Close Mid-Price: 892.4 Percentage Change: -0.80% Day High: 914.8 Day Low: 875.2
Target met. In the event EasyJet experiences weakness below 875.2 it calc ……..
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View Previous EasyJet & Big Picture ***
LSE:FRES Fresnillo Close Mid-Price: 786.4 Percentage Change: -1.82% Day High: 800 Day Low: 783.4
In the event Fresnillo experiences weakness below 783.4 it calculates wit ……..
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View Previous Fresnillo & Big Picture ***
LSE:GENL Genel Close Mid-Price: 152.2 Percentage Change: -0.39% Day High: 154.6 Day Low: 150.6
This has issues as below 145 now threatens reversal to an initial 120 with ……..
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View Previous Genel & Big Picture ***
LSE:HSBA HSBC. Close Mid-Price: 421.3 Percentage Change: + 0.21% Day High: 424.55 Day Low: 419.4
Impressing no-one, this needs above 462 to now indicate an initial 569 wit ……..
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View Previous HSBC & Big Picture ***
LSE:IAG British Airways Close Mid-Price: 173.9 Percentage Change: -1.42% Day High: 179.14 Day Low: 171.86
If British Airways experiences continued weakness below 171.86, it will ……..
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View Previous British Airways & Big Picture ***
LSE:ITM ITM Power. Close Mid-Price: 490.4 Percentage Change: + 7.17% Day High: 492 Day Low: 459.4
Target met. All ITM Power needs are mid-price trades ABOVE 492 to improve ……..
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View Previous ITM Power & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2355 Percentage Change: + 1.07% Day High: 2405 Day Low: 2355
Further movement against Oxford Instruments ABOVE 2405 should improve acc ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:POLY Polymetal Close Mid-Price: 1562.5 Percentage Change: -3.25% Day High: 1620 Day Low: 1565.5
This is becoming a bit of a problem with weakness below 1565 indicating th ……..
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View Previous Polymetal & Big Picture ***
LSE:RBD Reabold Resources PLC Close Mid-Price: 0.46 Percentage Change: -11.65% Day High: 0.53 Day Low: 0.42
Weakness on Reabold Resources PLC below 0.42 will invariably lead to 0.38 ……..
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View Previous Reabold Resources PLC & Big Picture ***
LSE:RR. Rolls Royce Close Mid-Price: 98.58 Percentage Change: -1.91% Day High: 103.1 Day Low: 98.04
Continued weakness against RR. taking the price below 98.04 calculates as ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 13745 Percentage Change: + 0.55% Day High: 13815 Day Low: 13675
Further movement against Spirax ABOVE 13815 should improve acceleration t ……..
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View Previous Spirax & Big Picture ***