Boohoo & Tui too…

#Gold #SP500 Unsurprisingly, both TUI & Boohoo featured in our email requests. Boohoo, despite online retailers achieving success, currently enjoy a share price just 50% below its high this year. While TUI, desperate to repay the German Govt loans and raising capital, celebrated tourist travel restarting, with a share price 45% below its high of 2021. Neither share presents a pretty picture for the future.

 

As aspect of Tui which is worth paying slight attention to is the little red circle on the chart. When the market opted to gap the share price down, there was a pretty strong suggestion the Red uptrend since the pandemic low of last year was still in charge. This is one of the first things we check, when price manipulation such as this occurs. It’s fairly useful if we’re given a clue as to where a trend actually is as it allows us to extrapolate potential movements. In the case of TUI, the implication is of weakness continuing below 268 threatening reversal to 229 with secondary, if broken, at a hopeful bottom of 211p. In plain English, our suggestion is of the share price still being capable of some relaxation but hopefully bottom shall not be too distant.

Their share needs ascend fairly steeply, needing above 358 to suggest happy days are ahead, this apparently capable of triggering a cycle to 419p. Above this level, we shall prefer ‘running the numbers’ again.

Hey, chart goes here

With Boohoo, we’d previously expressed dismay at the online retailer experiencing remarkable success in bucking an upward trend which other online companies have enjoyed. Their Lockdown period recovery started off well. And now, has fallen apart. We find ourselves in the ridiculous position of being forced to mention the lowest we can calculate is 65p. We cannot work out a number below such a dreadful level.

The immediate situation is troubling. When we previously reviewed Boohoo back in July, we proposed a scenario with reversal to 198p, hopeful this would present a “bottom” for the troubled share price. A few days ago, the price cheerfully ignored our calculations and simply kept nudging downward. Presently at 185p, we’re not optimistic for the future as below just 178p suggests ongoing weakness coming to an initial 141p. Normally we’d hope for a rebound at such a level, especially as it virtually matches the pandemic low of March 2020. However, should 141p break, bottom works out at 121p with recovery threatening to be a confused process.

For Boohoo to even regain the immediate downtrend, the share price requires exceed 265p to give hope. In doing so, we can calculate a cycle commencing to 393p eventually.

Hey, chart goes here

As ever, our thanks to those who buy us a coffee, every time an advert on this page proves interesting.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:29:36PM BRENT 83.35 ‘cess
9:33:30PM GOLD 1754.16 1750 1742 1729 1759 1761 1763.5 1768 1754
9:35:46PM FTSE 7110.14 Success
10:10:57PM FRANCE 6534 ‘cess
10:32:37PM GERMANY 15130 Success
10:34:36PM US500 4358 4352 4334 4307 4392 4387 4398 4413 4368 Success
10:37:19PM DOW 34493.4 Sorry
10:39:02PM NASDAQ 14701.47 ‘cess
10:41:10PM JAPAN 28456 ‘cess
11/10/2021 FTSE Closed at 7146 points. Change of 0.72%. Total value traded through LSE was: £ 4,808,445,394 a change of -16.31%
9/10/2021 FTSE Closed at 7095 points. Change of 0%. Total value traded through LSE was: £ 5,745,415,827 a change of -6.11%
8/10/2021 FTSE Closed at 7095 points. Change of 0.24%. Total value traded through LSE was: £ 6,119,595,465 a change of 8.49%
7/10/2021 FTSE Closed at 7078 points. Change of 1.19%. Total value traded through LSE was: £ 5,640,729,699 a change of -17.12%
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%

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:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BP. BP PLC** **LSE:CNA Centrica** **LSE:IGG IG Group** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:SDY Speedyhire** **LSE:SPX Spirax** **LSE:STAN Standard Chartered** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Asos, Barclays, BALFOUR BEATTY, BP PLC, Centrica, IG Group, National Glib, Natwest, Speedyhire, Spirax, Standard Chartered, Zoo Digital,

LSE:ASC Asos Close Mid-Price: 2408 Percentage Change: -13.41% Day High: 2649 Day Low: 2300

Target met. Weakness on Asos below 2300 will invariably lead to 2212 with ……..

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LSE:BARC Barclays. Close Mid-Price: 197.68 Percentage Change: + 1.29% Day High: 198.6 Day Low: 194.54

In the event of Barclays enjoying further trades beyond 198.6, the share ……..

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LSE:BBY BALFOUR BEATTY Close Mid-Price: 265.2 Percentage Change: -0.90% Day High: 274 Day Low: 263.8

Weakness on BALFOUR BEATTY below 263.8 will invariably lead to 258 with s ……..

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LSE:BP. BP PLC. Close Mid-Price: 360.3 Percentage Change: + 1.91% Day High: 361.5 Day Low: 354.95

Target met. In the event of BP PLC enjoying further trades beyond 361.5, ……..

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LSE:CNA Centrica. Close Mid-Price: 60.72 Percentage Change: + 1.20% Day High: 61 Day Low: 59.88

Further movement against Centrica ABOVE 61 should improve acceleration to ……..

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LSE:IGG IG Group. Close Mid-Price: 781.5 Percentage Change: + 0.58% Day High: 777.5 Day Low: 769.5

In the event IG Group experiences weakness below 769.5 it calculates with ……..

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LSE:NG. National Glib Close Mid-Price: 886.9 Percentage Change: -0.35% Day High: 891.7 Day Low: 881.1

Continued weakness against NG. taking the price below 881.1 calculates as ……..

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LSE:NWG Natwest. Close Mid-Price: 231 Percentage Change: + 2.12% Day High: 233.9 Day Low: 225

Target met. Further movement against Natwest ABOVE 233.9 should improve a ……..

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LSE:SDY Speedyhire Close Mid-Price: 62 Percentage Change: -0.48% Day High: 63 Day Low: 60.2

Continued weakness against SDY taking the price below 60.2 calculates as ……..

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LSE:SPX Spirax Close Mid-Price: 14445 Percentage Change: -0.38% Day High: 14470 Day Low: 14215

Target met. Continued weakness against SPX taking the price below 14215 c ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 491.7 Percentage Change: + 2.27% Day High: 498.1 Day Low: 478.7

Continued trades against STAN with a mid-price ABOVE 498.1 should improve ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 113.5 Percentage Change: -0.87% Day High: 114.5 Day Low: 113.5

Weakness on Zoo Digital below 113.5 will invariably lead to 95p If broken ……..

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

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