BT Group (LSE:BT.A)
When we reviewed BT in April, we gave criteria for movement toward the 200p level. This was a pretty concise success but we forgot our promise to recalculate should such a level make an appearance. The period since has been dire, the share price opting to mimic their customer service, coming completely unwound. There’s now an issue making itself known, probably not helped by the latest news of their policy of overcharging customers which has resulted in a class action.
From our perspective, it’s all about the 134p share price level. Given the share is presently trading around 137p, very little work is required to hit our next reversal trigger, one with some interesting (but with potentially useful) consequences.
Below 134p now threatens reversal to an initial 111p. Our secondary, if the initial target breaks, is a fascinating 100p. The secondary rates special interest, thanks to the presence of the Red line on the chart. This level dates back to the market crash of 2009, a trend which the market has proven extremely shy of breaking below. Even last year, with all the pandemic trauma, despite a flurry of intraday movements nodding below Red, the stock market was extremely careful to ensure the share price closed on the line, never below. We’ve shown this extraordinary period below as it gives considerable hope should our secondary target of 100p make an appearance anytime soon.
Essentially, reaching 100p comes with a reasonable chance a bounce can be expected. If opting to try a Long position, a stop loss could be emplaced just below last years low of 94p though, we must point out we’re nowhere near a position where we can speculate how high any rebound may extend. At present, the share price needs better 139p to give the potential of movement to an initial 146p with secondary, if bettered, a longer term 156p. Unfortunately, the current visuals suggest the market expects BT.A shares to fall a bit further and this is why we point out the 100p level may be worth keeping an eye on.
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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 |
| 9:38:20PM | BRENT | 84.57 | Sorry | ||||||||
| 9:40:22PM | GOLD | 1769.33 | Success | ||||||||
| 9:42:28PM | FTSE | 7230.42 | |||||||||
| 9:44:48PM | FRANCE | 6659 | 6640 | 6625 | 6602 | 6673 | 6685 | 6697.5 | 6714 | 6648 | |
| 9:52:23PM | GERMANY | 15517 | |||||||||
| 9:54:53PM | US500 | 4525.12 | ‘cess | ||||||||
| 9:56:59PM | DOW | 35487 | ‘cess | ||||||||
| 9:59:46PM | NASDAQ | 15428.47 | Success | ||||||||
| 10:02:03PM | JAPAN | 29329 | 28987 | 28922.5 | 28769 | 29236 | 29391 | 29430 | 29628 | 29192 | Success |
19/10/2021 FTSE Closed at 7217 points. Change of 0.19%. Total value traded through LSE was: £ 5,281,678,962 a change of 1.68%
18/10/2021 FTSE Closed at 7203 points. Change of -0.43%. Total value traded through LSE was: £ 5,194,650,270 a change of -14.83%
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%
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:BBY BALFOUR BEATTY** **LSE:BT.A British Telecom** **LSE:CEG Challenger Energy (aka Bahamas Pet)** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GLEN Glencore Xstra** **LSE:LLOY Lloyds Grp.** **LSE:POG Petrop etc** **LSE:SBRY Sainsbury** **LSE:STAN Standard Chartered** **
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Updated charts published on : Asos, BALFOUR BEATTY, British Telecom, Challenger Energy (aka Bahamas Pet), Fresnillo, Genel, Glencore Xstra, Lloyds Grp., Petrop etc, Sainsbury, Standard Chartered,
LSE:ASC Asos Close Mid-Price: 2540 Percentage Change: -0.78% Day High: 2662 Day Low: 2523
Target met. All Asos needs are mid-price trades ABOVE 2662 to improve acc ……..
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View Previous Asos & Big Picture ***
LSE:BBY BALFOUR BEATTY Close Mid-Price: 262.6 Percentage Change: -0.53% Day High: 264.8 Day Low: 257.8
Target met. Continued weakness against BBY taking the price below 257.8 c ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:BT.A British Telecom Close Mid-Price: 137 Percentage Change: -0.33% Day High: 138.55 Day Low: 136.4
Continued weakness against BT.A taking the price below 136.4 calculates a ……..
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View Previous British Telecom & Big Picture ***
LSE:CEG Challenger Energy (aka Bahamas Pet) Close Mid-Price: 1.12 Percentage Change: -2.17% Day High: 1.2 Day Low: 1.12
This is showing early potentials but, if above 1.33, then a trigger to 1.5 ……..
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View Previous Challenger Energy (aka Bahamas Pet) & Big Picture ***
LSE:FRES Fresnillo. Close Mid-Price: 887.6 Percentage Change: + 2.85% Day High: 888.6 Day Low: 872.2
In the event of Fresnillo enjoying further trades beyond 888.6, the share ……..
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View Previous Fresnillo & Big Picture ***
LSE:GENL Genel. Close Mid-Price: 158.6 Percentage Change: + 1.28% Day High: 160.6 Day Low: 156
Further movement against Genel ABOVE 160.6 should improve acceleration to ……..
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View Previous Genel & Big Picture ***
LSE:GLEN Glencore Xstra Close Mid-Price: 380.7 Percentage Change: -2.99% Day High: 397.8 Day Low: 376.4
In the event of Glencore Xstra enjoying further trades beyond 397.8, the ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:LLOY Lloyds Grp.. Close Mid-Price: 49.4 Percentage Change: + 0.25% Day High: 49.48 Day Low: 49
In the event Lloyds Grp. experiences weakness below 41.35 calculates as l ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:POG Petrop etc. Close Mid-Price: 24.82 Percentage Change: + 1.22% Day High: 25.12 Day Low: 24.36
This is slightly interesting as ^above 25.15 now suggests near term traffi ……..
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View Previous Petrop etc & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 296.8 Percentage Change: + 0.71% Day High: 297.9 Day Low: 293.1
This is getting slightly interesting as above 300p currently suggests comi ……..
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View Previous Sainsbury & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 494.3 Percentage Change: + 0.22% Day High: 495.6 Day Low: 491.1
Further movement against Standard Chartered ABOVE 498 should improve the ……..
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View Previous Standard Chartered & Big Picture ***