BSA, Bank of America & Lloyds Bank also

#Brent #Dax “Why don’t you just buy a classic British motorcycle?” said my wife. We were discussing weight loss and she had a vivid memory of my fitness levels improving, along with sharp loss of weight. Unfortunately, the machine in question was a 1949 AJS 500, a sod of a machine which usually broke down, needing pushed home when I ventured out.

Needless to say, I loved it, even the day I fractured my neck (and still had to push the damaged bike home). Years later, an X-ray revealed the historical damage but I still recall the bang when my helmet touched down first. Perhaps this is a strange way to start writing this weeks banking article and, while it’s tempting to draw analogies with banging ones head off a brick wall, the truth is stranger. Someone emailed asking if we’d take a look at an Australian company called “BSA”. Immediately remembering another British machine which needed pushed, often (A BSA Bantam), any assumption the Australian BSA were a reincarnation of the UK company proved incorrect. They’re a technical services contracting company and their share price is pretty boring at 0.28 AUD. Only if it wanders above 0.4AUD shall it risk becoming useful.

 

Bank of America, unlike BSA, already looks capable of some useful movement. Around a year ago, Warren Buffet bought BoA share price at somewhere around the $24US mark, almost doubling his $2bn investment value while the rest of the world coughs politely in the background. With US earnings season announcements proving positive, we shall be fascinated if the share price wanders above $47. Presently, the share is trading around $46.4, so this isn’t one of these vaguely distant potentials.  Above the trigger calculates with the potential of further growth toward an initial 49.1 with secondary, if bettered, at $51.8 sometime in the future.

We cannot calculate above this level presently as it implies a new high for the price. However, we suspect some hesitation, should $51.8 make itself known. The share price needs diminish below $38 to justify panic.

Hey, chart goes here

Lloyds Bank. Lloyds, yet again did something useful following our previous update. Presently trading around 49.1p, the share price met our recovery scenario and moved, pretty precisely, to our target levels. Now, the situation exists where we can advance another set of circumstances, this time presenting some rather more useful target levels.

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Above just 49.3p currently looks perfectly capable of triggering a nod in the direction of 51.9p. Our secondary, if such a target level exceeded, calculates at 54.7p, pretty close to the pre-pandemic high. Should the share price follow the footsteps of BoA above, some reversal is probable at this level, hopefully short lived. It would be especially nice if Lloyds followed a similar upward trajectory but we’re not inclined to hold our breath!

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
6:47:58PM BRENT 84.49 83.77 83.37 82.92 84.5 84.69 84.835 85.19 84
6:51:41PM GOLD 1767.75 Success
7:08:15PM FTSE 7428.13 ‘cess
7:12:28PM FRANCE 6737 ‘cess
7:15:24PM GERMANY 15611 15462 15417 15352 15537 15612 15655 15727 15569
7:47:29PM US500 4471.77 ‘cess
8:39:23PM DOW 35299.2 Success
8:41:09PM NASDAQ 15144
8:43:53PM JAPAN 29169 Success

 

15/10/2021 FTSE Closed at 7234 points. Change of 0.37%. Total value traded through LSE was: £ 6,099,387,832 a change of 10.37%
14/10/2021 FTSE Closed at 7207 points. Change of 0.92%. Total value traded through LSE was: £ 5,526,155,922 a change of -16.32%
13/10/2021 FTSE Closed at 7141 points. Change of 0.15%. Total value traded through LSE was: £ 6,604,225,806 a change of 15.2%
12/10/2021 FTSE Closed at 7130 points. Change of -0.22%. Total value traded through LSE was: £ 5,733,075,032 a change of 19.23%
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%

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:AVCT Avacta** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:NWG Natwest** **LSE:RKH Rockhopper** **LSE:VOD Vodafone** **

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Updated charts published on : Avacta, BP PLC, British Telecom, Glencore Xstra, Hikma, Natwest, Rockhopper, Vodafone,

LSE:AVCT Avacta. Close Mid-Price: 123.7 Percentage Change: + 1.39% Day High: 129 Day Low: 121.5

Further movement against Avacta ABOVE 129 should improve acceleration tow ……..

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LSE:BP. BP PLC. Close Mid-Price: 363.6 Percentage Change: + 1.65% Day High: 365.2 Day Low: 360.6

Further movement against BP PLC ABOVE 365.2 should improve acceleration t ……..

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LSE:BT.A British Telecom Close Mid-Price: 140.6 Percentage Change: -0.21% Day High: 141.75 Day Low: 138.85

Target met. If British Telecom experiences continued weakness below 138.8 ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 390.55 Percentage Change: + 1.49% Day High: 392.3 Day Low: 387.5

Further movement against Glencore Xstra ABOVE 392.3 should improve accele ……..

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LSE:HIK Hikma Close Mid-Price: 2343 Percentage Change: -1.35% Day High: 2383 Day Low: 2330

This is being a nuisance and I’m inclined to step back and review it from ……..

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LSE:NWG Natwest. Close Mid-Price: 233.9 Percentage Change: + 1.92% Day High: 234.1 Day Low: 230.3

In the event of Natwest enjoying further trades beyond 234.1, the share s ……..

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LSE:RKH Rockhopper. Close Mid-Price: 6.5 Percentage Change: + 4.84% Day High: 6.8 Day Low: 5.9

All Rockhopper needs are mid-price trades ABOVE 6.8 to improve accelerati ……..

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LSE:VOD Vodafone Close Mid-Price: 110.44 Percentage Change: -0.61% Day High: 111.28 Day Low: 109.64

In the event Vodafone experiences weakness below 109.64 it calculates wit ……..

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

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