Marks and Spencer Plc looking encouraging!

#Gold #Nasdaq Working with wood is a personal hobby, usually without pressure or consequences but Monday produced a foul up of epic proportions. A promise to build an interior for a new mirror wardrobe kept being put on the back burner and eventually my wife produced her “ideal layout”, everything carefully drawn to scale. Pretty key to the plan was her desire for a 12 drawer unit and she’d even bought the drawers. All I needed do was built something for drawers to slide in and out.

With the mirror doors due to arrive later this week, Monday was spent finishing a long, low, drawer unit, built from scratch and by late afternoon, we were able to slide all the drawers into my 2.4 metre creation. I called her through for a query on the height of a rail to hang her epic collection of jackets from, but really, expecting praise for my work. The pine top for the unit was especially noteworthy and none would realise it had once been a dining table! She sat on the bed, looking at her initial plan, frantically measuring depths, and ultimately working herself into a panic.

“When you fit the mirror doors, I will only be able to open 3 of the drawers! Unless I lift a sliding mirror door away…”

My idea of cancelling the floor to ceiling mirrors, instead using a curtain, didn’t find favour. It appears Tuesday shall be spent creating two separate 3 drawer units. Somehow, this calamity was my own fault as I ‘should have known’. Alas, as she’d done the plans, at no point had I felt the need to step back and view the overall concept.

 

As always, there’s a point behind the story, aside from revealing our household to be idiots. Never forget, when viewing a chart, to zoom out to the maximum possible as the Big Picture can be revealing. Since our glance at M&S a year ago, the price has performed according to expectations and now, offers further hope for the future.

The share is currently stuttering as it frolics playfully at the same value achieved, pre-pandemic. However, as the chart below shows, the price has exceeded a very obvious downtrend since 2015. In itself, this is never a guarantee of a coming uptick in values. But in addition to this, the share has also bettered is initial high, since breaking the downtrend. This allows considerable hope for the future, perhaps indicating the threat of supply chain trauma may prove unfounded.

The immediate situation suggests strength above 189p should now make an attempt at 211p next, solidly breaking the high before everything went wrong in 2020. With closure above 211p, we can calculate a longer term potential at 271p, a point where we’d really need take another look at M&S movements.

For everything to go wrong, the share price needs below 130p, risking reversal to 87p. Currently nothing on the chart below suggests this is a risk.

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 Prior
9:56:13PM BRENT 73.36 ‘cess
9:59:24PM GOLD 1793.63 1783 1777 1768 1793 1799 1802 1809 1787
10:01:42PM FTSE 7070.89 ‘cess
10:04:35PM FRANCE 6680.7 Success
10:07:33PM GERMANY 15742 Success
10:10:17PM US500 4476.67
10:12:49PM DOW 34913
10:26:10PM NASDAQ 15455 15398 15336 15260 15449 15459 15524 15549 15380
10:28:31PM JAPAN 30624 ‘cess

 

13/09/2021 FTSE Closed at 7086 points. Change of 0.81%. Total value traded through LSE was: £ 4,706,844,854 a change of 19.18%
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%

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:ASC Asos** **LSE:CEY Centamin** **LSE:DDDD 4D Pharma** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:ITM ITM Power** **LSE:OPG OPG Power Ventures** **LSE:RKH Rockhopper** **

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Updated charts published on : Asos, Centamin, 4D Pharma, Experian, EasyJet, Hurrican Energy, British Airways, ITM Power, OPG Power Ventures, Rockhopper,

LSE:ASC Asos Close Mid-Price: 3116 Percentage Change: -3.08% Day High: 3231 Day Low: 3115

Weakness on Asos below 3115 will invariably lead to 2925 with secondary ( ……..

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LSE:CEY Centamin. Close Mid-Price: 93.1 Percentage Change: + 1.86% Day High: 92.92 Day Low: 89

Target met. If Centamin experiences continued weakness below 89, it will ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 78.2 Percentage Change: -1.01% Day High: 81.2 Day Low: 75.8

Weakness on 4D Pharma below 75.8 will invariably lead to 74 with secondar ……..

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LSE:EXPN Experian Close Mid-Price: 3316 Percentage Change: -0.57% Day High: 3364 Day Low: 3303

Continued trades against EXPN with a mid-price ABOVE 3364 should improve ……..

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LSE:EZJ EasyJet Close Mid-Price: 590 Percentage Change: -13.34% Day High: 595 Day Low: 554.8

Target met. If EasyJet experiences continued weakness below 554, it will ……..

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LSE:HUR Hurrican Energy. Close Mid-Price: 3.4 Percentage Change: + 9.68% Day High: 3.4 Day Low: 2.84

In the event of Hurrican Energy enjoying further trades beyond 3.4, the s ……..

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LSE:IAG British Airways. Close Mid-Price: 148.3 Percentage Change: + 2.05% Day High: 148.4 Day Low: 142

Target met. Weakness on British Airways below 142 will invariably lead t ……..

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LSE:ITM ITM Power Close Mid-Price: 413.8 Percentage Change: -11.62% Day High: 464 Day Low: 392

This has behaved fairly poisonously as travel next below 391 indicates com ……..

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LSE:OPG OPG Power Ventures Close Mid-Price: 11.75 Percentage Change: -3.09% Day High: 12.12 Day Low: 11.75

In the event OPG Power Ventures experiences weakness below 11.75 it calcu ……..

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LSE:RKH Rockhopper. Close Mid-Price: 8.39 Percentage Change: + 6.88% Day High: 8.26 Day Low: 7.8

Weakness on Rockhopper below 7.8 will invariably lead to 6.6 with seconda ……..

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

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