GlaxoSmithKline, some price potentials

#Gold #SP500 When we previously reviewed GSK back in March, we provided criteria for movement to 1524p. Guess what, the share topped out at 1528p last month, a pretty accurate rise to target. It even closed a session at 1525p, falling pretty firmly since. In an effort to educate ourselves, we opted to read the Wiki page on the company, a truly eye opening experience.

Like most folk, we tend take Big Pharma conspiracy theories with a pinch of salt. But reading how, worldwide, GSK amassed quite an impressive range of fines and convictions for bribery, market manipulation, false claims, failing to recall defective products, even bribing doctors in China with sexual favours, the penny eventually dropped. “Conspiracy nuts” may actually have a point. Of course, GSK are just one of the Big Pharma corporates, rated 6th in the world in 2019, and it’s certain their particular playing field is equally sullied by others in the marketplace. It’s doubtless say to say all the organisations must maintain a department, tasking with sanitising their reputation across the web.

This all made receiving the Covid-19 vaccination something of a non-event as we weren’t even bribed with a lollipop prior to the jag!

 

Since achieving our 1524p target, GSK share price has experienced quite vivid reversals, even managing to wander below the immediate 2021 uptrend. The immediate situation isn’t particularly happy with the share price needing below 1377p to continue a cycle to an initial 1269p. If broken, we would hope for a solid rebound below 1236p makes itself known. If opting for a speculative short position, we can nominate 1,442p as a potential stop loss level.

In the event the company share price somehow manages to close a session above 1442p, some further hope for the longer term looks possible as while we can anticipate a climb hesitating at 1524p (or so) again, we’d now tend hope for continued movement to 1632p with secondary, if bettered, a longer term 1707p. We can calculate higher than 1707p for the future but visually, there’s a heck of an expectation for a price stumble at such a level.

Hey, chart goes here

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

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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
9:30:08PM BRENT 73.76 ‘cess
9:32:51PM GOLD 1765.54 1741 1734.5 1724 1758 1768 1772 1782 1748
9:35:10PM FTSE 6902.68 Success
9:38:36PM FRANCE 6443.2 ditto
9:41:31PM GERMANY 15112 ditto
9:44:54PM US500 4352.12 4326 4298 4214 4359 4382 4402 4435 4332 ‘cess
9:58:48PM DOW 33926.7 Success
10:02:16PM NASDAQ 15003 ditto
10:05:12PM JAPAN 29688 ditto
20/09/2021 FTSE Closed at 6903 points. Change of -0.86%. Total value traded through LSE was: £ 6,471,386,958 a change of -56.78%
17/09/2021 FTSE Closed at 6963 points. Change of -0.91%. Total value traded through LSE was: £ 14,974,489,872 a change of 149%
16/09/2021 FTSE Closed at 7027 points. Change of 0.16%. Total value traded through LSE was: £ 6,013,769,162 a change of 0.85%
15/09/2021 FTSE Closed at 7016 points. Change of -0.26%. Total value traded through LSE was: £ 5,962,830,996 a change of 19.14%
14/09/2021 FTSE Closed at 7034 points. Change of -0.73%. Total value traded through LSE was: £ 5,004,739,047 a change of 6.33%
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%

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:AFC AFC Energy** **LSE:AV. Aviva** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:CAR Carclo** **LSE:CEY Centamin** **LSE:CNA Centrica** **LSE:DDDD 4D Pharma** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:ITV ITV** **LSE:NWG Natwest** **LSE:ODX Omega Diags** **LSE:OPG OPG Power Ventures** **LSE:POLY Polymetal** **LSE:STAN Standard Chartered** **LSE:VOD Vodafone** **

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Updated charts published on : Aviva, BALFOUR BEATTY, Barrett Devs, Carclo, Centamin, Centrica, 4D Pharma, EasyJet, Foxtons, Hargreaves Lansdown, HSBC, British Airways, Igas Energy, ITV, Natwest, Omega Diags, OPG Power Ventures, Polymetal, Standard Chartered, Vodafone,

LSE:AFC AFC Energy Close Mid-Price: 51.2 Percentage Change: -3.40% Day High: 54.9 Day Low: 49.45

Target met. If AFC Energy experiences continued weakness below 49.45, it ……..

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LSE:AV. Aviva Close Mid-Price: 389.2 Percentage Change: -3.62% Day High: 400 Day Low: 388.7

Target met. Weakness on Aviva below 388.7 will invariably lead to 386 wit ……..

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LSE:BBY BALFOUR BEATTY Close Mid-Price: 275.2 Percentage Change: -1.08% Day High: 283 Day Low: 274.2

Weakness on BALFOUR BEATTY below 274.2 will invariably lead to 272 with s ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 676.2 Percentage Change: -0.53% Day High: 682.2 Day Low: 668.2

In the event Barrett Devs experiences weakness below 668.2 it calculates ……..

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LSE:CAR Carclo Close Mid-Price: 37 Percentage Change: -7.50% Day High: 38 Day Low: 36

If Carclo experiences continued weakness below 36, it will invariably lea ……..

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LSE:CEY Centamin. Close Mid-Price: 92.64 Percentage Change: + 3.09% Day High: 93.04 Day Low: 88.2

In the event Centamin experiences weakness below 88.2 it calculates with ……..

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LSE:CNA Centrica. Close Mid-Price: 53.42 Percentage Change: + 4.58% Day High: 53.58 Day Low: 50.1

Further movement against Centrica ABOVE 53.58 should improve acceleration ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 65.5 Percentage Change: -6.43% Day High: 69.5 Day Low: 64.6

Target met. Continued weakness against DDDD taking the price below 64.6 c ……..

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LSE:EZJ EasyJet. Close Mid-Price: 654.2 Percentage Change: + 3.78% Day High: 664 Day Low: 614.6

Target met. Continued trades against EZJ with a mid-price ABOVE 664 shoul ……..

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LSE:FOXT Foxtons Close Mid-Price: 52.5 Percentage Change: -0.57% Day High: 54.9 Day Low: 49.5

If Foxtons experiences continued weakness below 49.5, it will invariably ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 1421.5 Percentage Change: -0.21% Day High: 1449 Day Low: 1403.5

In the event Hargreaves Lansdown experiences weakness below 1403.5 it cal ……..

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LSE:HSBA HSBC Close Mid-Price: 361.7 Percentage Change: -3.82% Day High: 370.95 Day Low: 361.85

Target met. In the event HSBC experiences weakness below 361.85 it calcul ……..

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LSE:IAG British Airways. Close Mid-Price: 166.18 Percentage Change: + 11.16% Day High: 167.2 Day Low: 149.06

It’s impossible to ignore the day this had, despite the share remaining wi ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 28.8 Percentage Change: + 51.58% Day High: 37.5 Day Low: 20.9

Target met. Further movement against Igas Energy ABOVE 37.5 should improv ……..

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LSE:ITV ITV Close Mid-Price: 107.45 Percentage Change: -1.01% Day High: 108.3 Day Low: 105.65

Weakness on ITV below 105.65 will invariably lead to 98 with secondary, i ……..

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LSE:NWG Natwest Close Mid-Price: 207.5 Percentage Change: -2.58% Day High: 210.4 Day Low: 205.5

Target met. Continued weakness against NWG taking the price below 205.5 c ……..

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LSE:ODX Omega Diags Close Mid-Price: 48.7 Percentage Change: -5.44% Day High: 51.5 Day Low: 48.5

In the event Omega Diags experiences weakness below 48.5 it calculates wi ……..

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LSE:OPG OPG Power Ventures Close Mid-Price: 11.25 Percentage Change: -4.26% Day High: 11.75 Day Low: 11.25

Target met. If OPG Power Ventures experiences continued weakness below 11 ……..

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LSE:POLY Polymetal. Close Mid-Price: 1345.5 Percentage Change: + 2.05% Day High: 1355.5 Day Low: 1315.5

Weakness on Polymetal below 1315.5 will invariably lead to 1310 with seco ……..

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LSE:STAN Standard Chartered Close Mid-Price: 411 Percentage Change: -7.01% Day High: 435.4 Day Low: 410.9

Continued weakness against STAN taking the price below 410.9 calculates a ……..

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LSE:VOD Vodafone Close Mid-Price: 114.14 Percentage Change: -0.16% Day High: 114.56 Day Low: 112.82

In the event Vodafone experiences weakness below 112.82 it calculates wit ……..

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