Is Barclays boring and what about Tesco?

#Brent #Dax We have to concede, writing about each of the big three retail banks, once every three weeks, has become a tad repetitive. So, to give folk a slight break, this weeks coverage of Barclays can consist of a single sentence. If it goes below 174, we expect an initial visit to 167 with secondary, if broken, at a bottom of 155p. Now for Tesco!

Hey, chart goes here

Trends and Targets. Past performance is not a reliable indicator of future results.

 

Tesco are rather more interesting than Barclays, their share price actually making some real movements. When we reviewed the share back in April, we speculated on a future which involved 242p initially with secondary, 259p. More importantly, with closure above 242p, we could dream of a future which encompassed a visit to 295p eventually. Amazingly, we’d shown a chart with a target of 259p and the high eventually attained last week was 259.6, then the price reversed slightly. Visually there are plenty of reasons to embrace hope for the future, despite a plethora of media headlines warning of food shortages due to Brexit and work-shy lorry drivers. But as the UK Govt has announced we can expect supermarket shelves being full for Xmas, there’s clearly nothing to worry about…

Hopefully, supermarkets shall not be “full” of the familiar space filler, Chicken & Mushroom Pot Noodle containers. Perhaps a festive twist, giving Turkey & Mushroom flavouring would prove effective.

On the basis Tesco manage to discover how to stock their shops, the pandemic also opting not to revisit the country in winter fatality mode, it’d be churlish not to admit there’s a feeling of ‘back to normal’ nervously prowling the country. Whether we ever return to previous norms is obviously open to question. Many folk appear delighted to remain working from home. A chum, a Cisco corporate support guy, used Lockdown to recreate his entire support office in a spare bedroom. Quite literally, he has full access to their phone systems, video net, call centres, and servers, as his spare bedroom now is a secure node on their network. He’s not intending return to the office more than a couple of days a week.

For Tesco, should the share next manage to trade above 260p, a further growth cycle to an initial 268p with secondary, if exceeded, now working out at 291p calculates as possible. The share price has been nervously flirting with the pre-pandemic highs but there are plenty of reasons to hope for future price positivity.

Even if it all intends go wrong, the immediate situation threatens weakness below 248p leading down to an initial 240p. If broken, our secondary works out at 225p, signaling an unhealthy interest in the Blue downtrend which dates back to 2010. We would anticipate a rebound in the unlikely event such a target level appears.

Hey, chart goes here

Trends and Targets. Past performance is not a reliable indicator of future results.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
12:07:52PM BRENT 72.65 71.7 71.295 70.77 72.88 73.6 74.55 72.29
12:09:30PM GOLD 1787.92
12:10:56PM FTSE 7019.92
12:13:09PM FRANCE 6638.2
12:19:32PM GERMANY 15557 15547 15504 15437 15639 15649 15670 15711 15583
12:30:17PM US500 4460.02
12:34:52PM DOW 34612
12:37:15PM NASDAQ 15445
12:38:42PM JAPAN 30142

 

10/09/2021 FTSE Closed at 7029 points. Change of 0.07%. Total value traded through LSE was: £ 3,949,508,746 a change of -29.02%
9/09/2021 FTSE Closed at 7024 points. Change of -1%. Total value traded through LSE was: £ 5,564,442,934 a change of 5.99%
8/09/2021 FTSE Closed at 7095 points. Change of -0.76%. Total value traded through LSE was: £ 5,249,791,565 a change of 12.94%
7/09/2021 FTSE Closed at 7149 points. Change of -0.53%. Total value traded through LSE was: £ 4,648,354,855 a change of 42.06%
6/09/2021 FTSE Closed at 7187 points. Change of 0.69%. Total value traded through LSE was: £ 3,272,196,059 a change of -29.07%
3/09/2021 FTSE Closed at 7138 points. Change of -0.35%. Total value traded through LSE was: £ 4,613,097,281 a change of 1%
2/09/2021 FTSE Closed at 7163 points. Change of 0.2%. Total value traded through LSE was: £ 4,567,320,494 a change of -8.51%

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:BT.A British Telecom** **LSE:CEY Centamin** **LSE:DDDD 4D Pharma** **LSE:EXPN Experian** **LSE:FOXT Foxtons** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:RKH Rockhopper** **

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Updated charts published on : British Telecom, Centamin, 4D Pharma, Experian, Foxtons, Hurrican Energy, British Airways, Polymetal, President Energy, Rockhopper,

LSE:BT.A British Telecom Close Mid-Price: 159.25 Percentage Change: -1.21% Day High: 163.15 Day Low: 158.5

Weakness on British Telecom below 158.5 will invariably lead to 153 with ……..

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LSE:CEY Centamin Close Mid-Price: 91.4 Percentage Change: -1.17% Day High: 93.54 Day Low: 91.52

Continued weakness against CEY taking the price below 91.52 calculates as ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 79 Percentage Change: -1.25% Day High: 81.4 Day Low: 77.6

If 4D Pharma experiences continued weakness below 77.6, it will invariabl ……..

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LSE:EXPN Experian. Close Mid-Price: 3335 Percentage Change: + 2.55% Day High: 3342 Day Low: 3264

Target met. All Experian needs are mid-price trades ABOVE 3342 to improve ……..

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LSE:FOXT Foxtons. Close Mid-Price: 52.7 Percentage Change: + 3.33% Day High: 53.9 Day Low: 50

Weakness on Foxtons below 50 will invariably lead to 47.5p viable. If bro ……..

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LSE:HUR Hurrican Energy. Close Mid-Price: 3.1 Percentage Change: + 24.40% Day High: 3.2 Day Low: 2.6

It may just be a butterfy stretching its wings but Hurricane is showing th ……..

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LSE:IAG British Airways Close Mid-Price: 145.32 Percentage Change: -4.07% Day High: 151.96 Day Low: 145.16

If British Airways experiences continued weakness below 145.16, it will ……..

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LSE:POLY Polymetal Close Mid-Price: 1372 Percentage Change: -1.26% Day High: 1405 Day Low: 1368

Target met. Continued weakness against POLY taking the price below 1368 c ……..

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LSE:PPC President Energy Close Mid-Price: 1.7 Percentage Change: -2.86% Day High: 1.75 Day Low: 1.62

Continued weakness against PPC taking the price below 1.62 calculates as ……..

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LSE:RKH Rockhopper Close Mid-Price: 7.85 Percentage Change: -7.92% Day High: 8.69 Day Low: 8

In the event Rockhopper experiences weakness below 8 it calculates with a ……..

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*** End of “Updated Today” comments on shares.

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