#Brent #Dax Three weeks ago when we wrote about Lloyds, the share price was at 46.8p. At time of writing, it’s at 45.8p and wonder, as politicians look out their buckets and spades for summer, if the share shall take advantage of Westminster recess to actually do something useful. We doubt it, thanks to the two innocent little circles on the chart, potentially a classic Lady GaGa movement.
When a share price is Gapped Up, followed by a Gap Down, this justifies alarm as the manoeuvre often is a reliable precursor for reversals. Worse, when the manipulation has been used to move a price above a particular trend, then below a trend, the chances for reversal are somewhat enhanced. Staying with the subject of trend lines, another warning occurs when a price mysteriously blips below a trend during the trading session, only for the market to ensure it closes the day above the trend. We’ve painted a pretty Red box around this movement, regarding it as a potential warning signal for coming reversals. All things considered, negative energy is starting to accumulate which suggests Lloyds share price is about to throw a hissy fit.
Rather than being alarmed and worrying, this is perhaps one of these occasions when it shall be worth watching and waiting to see if the numbers work out, thanks to the bottom potential showing with considerable reason to provoke a rebound, maybe presenting a sane level at which a position could be taken. Sometimes this sort of thing works out quite well and in this case, it hints placing an open order at 39.5p, perhaps even 33p, may reap rewards. Many folk are afraid of these medium term commitments, preferring the daily buzz of watching the market but there’s a certain satisfaction in placing an order which is a country mile away from the current price, giving it a reasonable “cancel after 30 days” expiration time. We tend think of this sort of thing as ‘fire and forget’ positions. Sometimes, the actual price can take months to make itself known. The recent drop by Rolls Royce to 86p had first been mooted back in March of 2021 and we know of one trader who opted to buy in sheer frustration (boredom) at 102p, just because she was getting fed up renewing her order!
Near term, Lloyds Bank needs shrivel below 42p to confirm a reversal cycle toward an initial 39.5p. If broken, we now can calculate a longer term secondary at 32.5 and a price level which visually gives ample hope for a bounce.
Alternately, perhaps we’re being spoofed as the price need only exceed 49 to suggest coming recovery to 52.5p with secondary, if bettered, at 56.5p. Our inclination is to anticipate reversals.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:49:40PM | BRENT | 73.65 | 72.78 | 72.495 | 72.11 | 73.44 | 73.7 | 74.375 | 76.83 | 72.76 | |
| 9:52:02PM | GOLD | 1802 | |||||||||
| 9:54:23PM | FTSE | 7023 | ‘cess | ||||||||
| 9:59:18PM | FRANCE | 6563 | Success | ||||||||
| 10:02:21PM | GERMANY | 15652 | 15538 | 15522.5 | 15466 | 15645 | 15696 | 15765 | 15868 | 15576 | ‘cess |
| 10:05:41PM | US500 | 4409 | ‘cess | ||||||||
| 10:08:32PM | DOW | 35057 | Success | ||||||||
| 10:11:40PM | NASDAQ | 15105 | Success | ||||||||
| 10:15:34PM | JAPAN | 28221 |
23/07/2021 FTSE Closed at 7027 points. Change of 0.85%. Total value traded through LSE was: £ 3,739,108,834 a change of -21.27%
22/07/2021 FTSE Closed at 6968 points. Change of -0.43%. Total value traded through LSE was: £ 4,748,992,590 a change of -28.77%
21/07/2021 FTSE Closed at 6998 points. Change of 1.7%. Total value traded through LSE was: £ 6,667,496,815 a change of 20.91%
20/07/2021 FTSE Closed at 6881 points. Change of 0.54%. Total value traded through LSE was: £ 5,514,441,062 a change of 18.32%
19/07/2021 FTSE Closed at 6844 points. Change of -2.34%. Total value traded through LSE was: £ 4,660,799,780 a change of -7.14%
16/07/2021 FTSE Closed at 7008 points. Change of -0.06%. Total value traded through LSE was: £ 5,019,385,780 a change of -1.58%
15/07/2021 FTSE Closed at 7012 points. Change of -1.11%. Total value traded through LSE was: £ 5,099,995,306 a change of 13.98%
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:AGM Applied Graphene** **LSE:AV. Aviva** **LSE:BP. BP PLC** **LSE:CAR Carclo** **LSE:CEY Centamin** **LSE:CNA Centrica** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:GLEN Glencore Xstra** **LSE:MRW Morrisons** **LSE:ODX Omega Diags** **LSE:PHP Primary Health** **LSE:POLY Polymetal** **LSE:QFI Quadrise** **LSE:RR. Rolls Royce** **LSE:SPX Spirax** **LSE:ZOO Zoo Digital** **
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Updated charts published on : Applied Graphene, Aviva, BP PLC, Carclo, Centamin, Centrica, EasyJet, Fresnillo, Glencore Xstra, Morrisons, Omega Diags, Primary Health, Polymetal, Quadrise, Rolls Royce, Spirax, Zoo Digital,
LSE:AGM Applied Graphene Close Mid-Price: 27 Percentage Change: -3.23% Day High: 27.9 Day Low: 26.95
Below 25.5 now points at 17.25 with secondary, if broken, at a bottom of 1 ……..
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View Previous Applied Graphene & Big Picture ***
LSE:AV. Aviva Close Mid-Price: 385.2 Percentage Change: -0.54% Day High: 389 Day Low: 383.3
Exploring below 373 now points at reversal to an initial 359 and probable ……..
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View Previous Aviva & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 284.1 Percentage Change: + 0.04% Day High: 288.05 Day Low: 282.05
Continued weakness against BP. taking the price below 273 calculates as le ……..
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View Previous BP PLC & Big Picture ***
LSE:CAR Carclo. Close Mid-Price: 47.5 Percentage Change: + 9.20% Day High: 48.9 Day Low: 45.5
Mildly interesting, above 49 allegedly points at 56.75 next with secondary ……..
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View Previous Carclo & Big Picture ***
LSE:CEY Centamin Close Mid-Price: 100 Percentage Change: -1.86% Day High: 103.25 Day Low: 99.6
It’s still the case weakness below 99 should take this down to 90p but imp ……..
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View Previous Centamin & Big Picture ***
LSE:CNA Centrica Close Mid-Price: 48.04 Percentage Change: -2.56% Day High: 50.02 Day Low: 47.94
If Centrica experiences continued weakness below 47, it will invariably le ……..
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View Previous Centrica & Big Picture ***
LSE:EZJ EasyJet. Close Mid-Price: 813.8 Percentage Change: + 0.39% Day High: 833 Day Low: 809
Continued weakness against EZJ taking the price below 753 now calculates a ……..
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View Previous EasyJet & Big Picture ***
LSE:FRES Fresnillo Close Mid-Price: 745.2 Percentage Change: -1.69% Day High: 766.2 Day Low: 743.6
If Fresnillo experiences continued weakness below 743.5 it will invariably ……..
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View Previous Fresnillo & Big Picture ***
LSE:GLEN Glencore Xstra. Close Mid-Price: 315.75 Percentage Change: + 1.32% Day High: 317.45 Day Low: 313.4
Movement next above 318 should attempt an initial 331 with secondary, if b ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:MRW Morrisons Close Mid-Price: 266.5 Percentage Change: -0.52% Day High: 269.2 Day Low: 265
In the event of Morrisons enjoying further trades beyond 270, the share s ……..
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View Previous Morrisons & Big Picture ***
LSE:ODX Omega Diags. Close Mid-Price: 53 Percentage Change: + 0.95% Day High: 54 Day Low: 51
In the event Omega Diags experiences weakness below 40.5 it calculates wit ……..
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View Previous Omega Diags & Big Picture ***
LSE:PHP Primary Health. Close Mid-Price: 161.5 Percentage Change: + 0.50% Day High: 161.9 Day Low: 160.1
Continued trades against PHP with a mid-price ABOVE^ 162 should improve th ……..
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View Previous Primary Health & Big Picture ***
LSE:POLY Polymetal Close Mid-Price: 1520 Percentage Change: -0.94% Day High: 1547.5 Day Low: 1515.5
In the event Polymetal experiences weakness below 1515, it calculates wit ……..
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View Previous Polymetal & Big Picture ***
LSE:QFI Quadrise Close Mid-Price: 3.17 Percentage Change: -0.78% Day High: 3.09 Day Low: 2.9
Continued weakness against QFI taking the price below 2.9 still calculates ……..
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View Previous Quadrise & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 95.63 Percentage Change: + 0.37% Day High: 98.83 Day Low: 95.33
Near term, above 99 is supposed to bring 103.1 with secondary, if bettered ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 14650 Percentage Change: + 0.79% Day High: 14670 Day Low: 14525
Target Met. This is a confusing nightmare as it appears the market wants t ……..
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View Previous Spirax & Big Picture ***
LSE:ZOO Zoo Digital. Close Mid-Price: 132.5 Percentage Change: + 0.76% Day High: 132.5 Day Low: 130.5
Above 133 currently indicates the potential of growth to an initial 148p. ……..
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View Previous Zoo Digital & Big Picture ***