Some gossip about Facebook

#DaxFutures #SP500 The social network never appears out of the headlines, usually for the wrong reasons. This week, a service outage tragically was repaired after a few hours. The company owner also featured in The Pandora Papers tax avoidance cache, there is a ‘whistleblower scandal’ and topping things off, UK staff are being given a three month deadline to reduce working from home. We avoid Facebook for none of these reasons, just disliking a service which tends be regarded as ‘always on’ by many devoted users who’re keen on protecting their illusory ‘friends circle’.

 

Rather more important than our distaste of the platform, gathering questions regarding the share price future are appearing in the financial media. Visually, there is certainly cause for concern and it appears a ‘final straw’ trigger level is making itself known. Below US $320 looks very capable of triggering reversal to an initial $291. As the chart below highlights, this will represent a lower low since the Red trend break. Such an event, therefore, takes the price into a region where below $291 looks like provoking further ongoing reversals to $220.

We can calculate below such a level for the longer term but such a target level effectively matches the share price highs, pre-pandemic. As a result, should such a frightening drop occur, there’s a strong argument favouring a bounce if this $220 target ever actually appears. We should be quite cynical about these potentials, thanks to the potential stop loss level of just $335. The markets are rarely quite as generous to traders!

If we chose to review a miracle gain scenario, above $335 calculates with a movement up to $367. If exceeded, our secondary works out at an eventual $377, along with probable hesitation.

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:23:12PM BRENT 80.69
9:32:46PM GOLD 1764 Shambles
9:35:09PM FTSE 7044 Success
9:36:52PM FRANCE 6537 ‘cess
9:38:55PM GERMANY 15073 14920 14875 14808 15010 15080 15119 15221 14981 Success
9:40:52PM US500 4367.87 4289 4272 4240 4330 4367 4383 4417 4317
9:42:50PM DOW 34456
9:44:46PM NASDAQ 14782 Success
9:47:05PM JAPAN 27681 Success

 

 

6/10/2021 FTSE Closed at 6995 points. Change of -1.16%. Total value traded through LSE was: £ 6,806,025,968 a change of 27.41%
5/10/2021 FTSE Closed at 7077 points. Change of 0.94%. Total value traded through LSE was: £ 5,341,866,967 a change of -12.71%
4/10/2021 FTSE Closed at 7011 points. Change of -0.23%. Total value traded through LSE was: £ 6,119,595,465 a change of -4.22%
1/10/2021 FTSE Closed at 7027 points. Change of -0.83%. Total value traded through LSE was: £ 6,388,941,462 a change of -10.36%
30/09/2021 FTSE Closed at 7086 points. Change of -0.31%. Total value traded through LSE was: £ 7,127,714,126 a change of 20.18%
29/09/2021 FTSE Closed at 7108 points. Change of 1.14%. Total value traded through LSE was: £ 5,930,956,235 a change of -17.13%
28/09/2021 FTSE Closed at 7028 points. Change of -0.5%. Total value traded through LSE was: £ 7,157,189,596 a change of 15.93%

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:AGM Applied Graphene** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:EME Empyrean** **LSE:FOXT Foxtons** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:NWG Natwest** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:RMG Royal Mail** **LSE:SPX Spirax** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:ZOO Zoo Digital** **

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Updated charts published on : AFC Energy, Applied Graphene, Aston Martin, Asos, Barrett Devs, British Telecom, Empyrean, Foxtons, Genel, Gulf Keystone, IG Group, ITM Power, Intertek, ITV, Natwest, Primary Health, Parkmead, Royal Mail, Spirax, Tesco, Taylor Wimpey, Zoo Digital,

LSE:AFC AFC Energy Close Mid-Price: 44 Percentage Change: -2.22% Day High: 46.75 Day Low: 43.45

In the event AFC Energy experiences weakness below 43.45 it calculates wi ……..

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LSE:AGM Applied Graphene Close Mid-Price: 24.3 Percentage Change: -6.54% Day High: 26 Day Low: 25

If Applied Graphene experiences continued weakness below 25, it will inva ……..

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LSE:AML Aston Martin Close Mid-Price: 1650.5 Percentage Change: -5.71% Day High: 1752 Day Low: 1645.5

Target met. Continued weakness against AML taking the price below 1645.5 ……..

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LSE:ASC Asos Close Mid-Price: 2802 Percentage Change: -2.54% Day High: 2862 Day Low: 2785

In the event Asos experiences weakness below 2785 it calculates with a dr ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 628.2 Percentage Change: -2.36% Day High: 636.6 Day Low: 618.8

Target met. In the event Barrett Devs experiences weakness below 618.8 it ……..

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LSE:BT.A British Telecom Close Mid-Price: 146.5 Percentage Change: -3.20% Day High: 150.4 Day Low: 145.75

Weakness on British Telecom below 145.75 will invariably lead to 142 with ……..

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LSE:EME Empyrean. Close Mid-Price: 7.85 Percentage Change: + 6.80% Day High: 8.6 Day Low: 7.35

All Empyrean needs are mid-price trades ABOVE 8.6 to improve acceleration ……..

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LSE:FOXT Foxtons Close Mid-Price: 47.85 Percentage Change: -1.03% Day High: 48.65 Day Low: 46.75

In the event Foxtons experiences weakness below 46.75 it calculates with ……..

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LSE:GENL Genel Close Mid-Price: 146.8 Percentage Change: -4.55% Day High: 158.2 Day Low: 145.8

In the event of Genel enjoying further trades beyond 158.2, the share sho ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 208.5 Percentage Change: -1.88% Day High: 217 Day Low: 208

Further movement against Gulf Keystone ABOVE 217 should improve accelerat ……..

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LSE:IGG IG Group Close Mid-Price: 780 Percentage Change: -2.13% Day High: 795.5 Day Low: 774

If IG Group experiences continued weakness below 774, it will invariably ……..

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LSE:ITM ITM Power Close Mid-Price: 371.6 Percentage Change: -3.73% Day High: 391.6 Day Low: 356.2

Target met. Weakness on ITM Power below 356.2 will invariably lead to 336 ……..

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LSE:ITRK Intertek Close Mid-Price: 4775 Percentage Change: -0.35% Day High: 4794 Day Low: 4724

Weakness on Intertek below 4724 will invariably lead to 4698 with seconda ……..

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LSE:ITV ITV Close Mid-Price: 103.95 Percentage Change: -1.98% Day High: 106 Day Low: 103.5

In the event ITV experiences weakness below 103.5 it calculates with a dr ……..

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LSE:NWG Natwest Close Mid-Price: 228.1 Percentage Change: -0.74% Day High: 230.1 Day Low: 227.6

Continued trades against NWG with a mid-price ABOVE 230.1 should improve ……..

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LSE:PHP Primary Health Close Mid-Price: 151.3 Percentage Change: -0.79% Day High: 152 Day Low: 149.5

If Primary Health experiences continued weakness below 149.5, it will inv ……..

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LSE:PMG Parkmead Close Mid-Price: 60.1 Percentage Change: -1.31% Day High: 64.4 Day Low: 59.2

Target met. In the event of Parkmead enjoying further trades beyond 64.4, ……..

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LSE:RMG Royal Mail Close Mid-Price: 404.1 Percentage Change: -2.51% Day High: 413.2 Day Low: 404

In the event Royal Mail experiences weakness below 404 it calculates with ……..

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LSE:SPX Spirax Close Mid-Price: 14625 Percentage Change: -1.12% Day High: 14690 Day Low: 14405

If Spirax experiences continued weakness below 14405, it will invariably ……..

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LSE:TSCO Tesco. Close Mid-Price: 268.05 Percentage Change: + 5.95% Day High: 272.5 Day Low: 259.9

Target met. Continued trades against TSCO with a mid-price ABOVE 272.5 sh ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 148 Percentage Change: -3.33% Day High: 152.3 Day Low: 146.85

Weakness on Taylor Wimpey below 146.85 will invariably lead to 121 with s ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 114.5 Percentage Change: -2.14% Day High: 117 Day Low: 114.5

Continued weakness against ZOO taking the price below 114.5 calculates as ……..

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View Previous Zoo Digital & Big Picture ***

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

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