#FTSE #CAC40 Our weekly glance at the German stock market highlighted #Lufthansa as being pretty active in a positive direction. This proved quite a surprise as postal companies appear to be conducting a campaign against airlines! Here in the UK, Royal Mail refuse to ship mobile phone batteries from England to Scotland, in case the package ends up in an aircraft. Apparently, the battery is only “safe” if it’s in a mobile phone.
The logic behind the affair defies belief. Attempting to buy a replacement battery for an antique, reliable, Samsung Note4 phone resulted in payments being refunded, due to the battery being identified with terrorist tendencies. However, suppliers were quite happy to ship the battery, along with a mobile phone as this complies with the Royal Mail dictat. The other real surprise was Royal Mail allegedly fly 2nd class mail from England to Scotland, puncturing the illusion the carrier rely on the rail network to move things around.
An assumption airlines must frantically be search for freight, as the world eases away from the pandemic, is clearly incorrect.
However, Lufthansa started November making positive share price gains and, presently trading at 7€ only need exceed 7.14€ to suggest the potential of further gains in the direction of 7.82. At this price level, we’ve a little difficulty for various reasons.
Firstly, Lufthansa is now trading lower than at any time previously.
Secondly, there’s the circled gap on the chart. When the company opted to issue some new shares to hasten repayment of state aid, the market reacted quite harshly, forcing the price below logical levels. According to our calculations, the presence of this gap makes any recovery above 7.82€ difficult. Visually, we suspect should 7.82 make an appearance, the markets next strategy shall be to discover a reason to manipulate (aka Gap) the price upward, effectively forcing a situation where longer term improvements shall occur. Regular readers will doubtless recall our fondness for shares which experience a Gap Down, followed by a Gap Up. This GaGa motion tends prove a pretty reliable indicator for a markets longer term intentions and the chart allows us to nominate Lufthansa as a likely candidate.
For now, we can advance weak speculation on a secondary above 7.82 at 8.79 euro eventually. But in an ideal world, the market shall opt to ‘gap’ the share above 8.79, dumping the price in a zone where a cycle to 11.97€ calculates as possible in the long term. Who knows, perhaps Lufthansa shall make a major announcement of their willingness to fly my mobile phone battery! We think this share shall be worth keeping an eye on.
Finally, as the COP26 Climate talking shop continues, we note our report on the price of Uranium Energy from September has proven pretty accurate, the share price almost doubling in the intervening period. But we suspect one term absent from the conference has been ‘nuclear power’…
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:42:04PM | BRENT | 84.57 | ‘cess | ||||||||
| 9:43:52PM | GOLD | 1832.57 | ‘cess | ||||||||
| 9:46:07PM | FTSE | 7278.6 | 7267 | 7257 | 7233 | 7283 | 7312 | 7330 | 7351 | 7274 | ‘cess |
| 9:47:57PM | FRANCE | 7044 | 7015 | 7006 | 6981 | 7048 | 7064 | 7076 | 7091 | 7038 | Shambles |
| 9:50:23PM | GERMANY | 16031.65 | ‘cess | ||||||||
| 10:00:42PM | US500 | 4682 | |||||||||
| 10:09:20PM | DOW | 36285.4 | Success | ||||||||
| 10:11:11PM | NASDAQ | 16205.77 | Success | ||||||||
| 10:13:12PM | JAPAN | 29267 | ‘cess |
9/11/2021 FTSE Closed at 7274 points. Change of -0.36%. Total value traded through LSE was: £ 6,437,458,851 a change of 17.56%
8/11/2021 FTSE Closed at 7300 points. Change of -0.04%. Total value traded through LSE was: £ 5,475,805,501 a change of 1.81%
5/11/2021 FTSE Closed at 7303 points. Change of 0.33%. Total value traded through LSE was: £ 5,378,363,881 a change of -21.99%
4/11/2021 FTSE Closed at 7279 points. Change of 0.43%. Total value traded through LSE was: £ 6,894,189,975 a change of 28.51%
3/11/2021 FTSE Closed at 7248 points. Change of -0.36%. Total value traded through LSE was: £ 5,364,561,051 a change of -4.12%
2/11/2021 FTSE Closed at 7274 points. Change of -0.19%. Total value traded through LSE was: £ 5,594,886,752 a change of 24.19%
1/11/2021 FTSE Closed at 7288 points. Change of 0.7%. Total value traded through LSE was: £ 4,505,252,834 a change of -24.3%
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:AGM Applied Graphene** **LSE:BDEV Barrett Devs** **LSE:CBX Cellular Goods** **LSE:CNA Centrica** **LSE:FRES Fresnillo** **LSE:IGAS Igas Energy** **LSE:ITRK Intertek** **LSE:OXIG Oxford Instruments** **LSE:RR. Rolls Royce** **LSE:TW. Taylor Wimpey** **
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Updated charts published on : Applied Graphene, Barrett Devs, Cellular Goods, Centrica, Fresnillo, Igas Energy, Intertek, Oxford Instruments, Rolls Royce, Taylor Wimpey,
LSE:AGM Applied Graphene. Close Mid-Price: 28 Percentage Change: + 0.00% Day High: 28.25 Day Low: 27.5
This now need only better 31 to point at an initial 38 with secondary, if ……..
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View Previous Applied Graphene & Big Picture ***
LSE:BDEV Barrett Devs Close Mid-Price: 650 Percentage Change: -0.85% Day High: 667.2 Day Low: 648.2
Ongoing weakness below 640 now comes with the threat of an initial 603 wit ……..
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View Previous Barrett Devs & Big Picture ***
LSE:CBX Cellular Goods Close Mid-Price: 8.24 Percentage Change: -0.12% Day High: 8.8 Day Low: 8.05
All Cellular Goods needs are mid-price trades ABOVE 8.8 to improve accele ……..
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View Previous Cellular Goods & Big Picture ***
LSE:CNA Centrica Close Mid-Price: 63.76 Percentage Change: -0.38% Day High: 64.98 Day Low: 63.62
Target met. In the event of Centrica enjoying further trades beyond 65, t ……..
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View Previous Centrica & Big Picture ***
LSE:FRES Fresnillo. Close Mid-Price: 926.4 Percentage Change: + 0.06% Day High: 940.2 Day Low: 924.8
All Fresnillo needs are mid-price trades ABOVE 940.2 to improve accelerat ……..
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View Previous Fresnillo & Big Picture ***
LSE:IGAS Igas Energy Close Mid-Price: 14.4 Percentage Change: -1.87% Day High: 14.65 Day Low: 14.2
In the event Igas Energy experiences weakness below 14.2 it calculates wi ……..
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View Previous Igas Energy & Big Picture ***
LSE:ITRK Intertek Close Mid-Price: 5158 Percentage Change: -0.04% Day High: 5186 Day Low: 5132
Further movement against Intertek ABOVE 5186 should improve acceleration ……..
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View Previous Intertek & Big Picture ***
LSE:OXIG Oxford Instruments Close Mid-Price: 2305 Percentage Change: -3.96% Day High: 2465 Day Low: 2245
All Oxford Instruments needs are mid-price trades ABOVE 2465 to improve a ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 146.86 Percentage Change: + 3.60% Day High: 150.48 Day Low: 142
Continued trades against RR. with a mid-price ABOVE 150.48 should improve ……..
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View Previous Rolls Royce & Big Picture ***
LSE:TW. Taylor Wimpey Close Mid-Price: 154 Percentage Change: -1.16% Day High: 158.3 Day Low: 153
About as close to a sure thing as possible, above 159 now points ^up at a ……..
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View Previous Taylor Wimpey & Big Picture ***