Orange S.A. looking quite tasty in Europe.

#France #SP500 Our weekly wander through an apparently ‘riot torn’ Europe (a vaccination thing) revealed a little surprise. French multinational corporation, Orange (previously France Telecom) enjoy a share price which is starting to look quite useful. Immediately opting to glance at Vodafone, in the hope it’s about to experience similar behaviour, proved a wasted exercise. Vodafone remains languishing with the wrong numbers and we suspect it shall not “bottom” until it discovers 100p again.

Orange, on the other hand, by minimal amounts, is now looking fairly useful, the share proving one of the most active stocks on Tuesday 23rd November. Even visually, it appears something positive may be happening, hopefully an end to the lethargic behaviour since the Covid-19 drop last year. What really surprises us is the extent of recovery possible on the immediate cycle, ideally capable of eventually returning the share price to its previous hiatus between 14€ and 15€ since 2015.

 

Presently trading around 9.93 euro, the price need only exceed 9.96€ to calculate with the potential of movement to 10.50. Visually, there’s an implication of some coming hesitation around such a level, due to behaviour during this year. However, with closure above 10.50, we can present a secondary ambition at 11.83€ and this is a point where the share price absolutely must close above the secondary target. Doing so shall ideally send a strong signal the market wants Orange share price to return to its hiatus level as we can calculate a long term target at 14.67€ eventually.

 

If everything decided to go wrong for Orange, below 9.56 looks very troubling, allowing reversal to an initial 9.28 with secondary, if broken, at a hopeful bottom of 8.91€. For now, we lean toward optimism for the share price future.

Yet again, our thanks to those who chose to visit some of the fascinating adverts on this page.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:25:45PM FTSE 7288 ‘cess
9:28:48PM BRENT 81.67 Success
9:31:42PM GOLD 1790.49 ‘cess
9:33:58PM FRANCE 7057.4 7033 7019 6988 7064 7112 7123 7141 7076 Success
9:36:23PM GERMANY 15987.9 Success
9:38:19PM US500 4686.82 4651 4643 4610 4686 4698 4711 4731 4668 Success
9:40:40PM DOW 35797.7 Success
9:43:05PM NASDAQ 16292.72 Success
9:45:07PM JAPAN 29725 ‘cess

 

 

23/11/2021 FTSE Closed at 7266 points. Change of 0.15%. Total value traded through LSE was: £ 5,349,222,584 a change of 8.04%
22/11/2021 FTSE Closed at 7255 points. Change of 0.44%. Total value traded through LSE was: £ 4,951,055,285 a change of -23.97%
19/11/2021 FTSE Closed at 7223 points. Change of -0.44%. Total value traded through LSE was: £ 6,512,253,332 a change of 26.1%
18/11/2021 FTSE Closed at 7255 points. Change of -0.49%. Total value traded through LSE was: £ 5,164,170,076 a change of -21.09%
17/11/2021 FTSE Closed at 7291 points. Change of -0.48%. Total value traded through LSE was: £ 6,544,197,629 a change of 2.92%
16/11/2021 FTSE Closed at 7326 points. Change of -0.34%. Total value traded through LSE was: £ 6,358,395,076 a change of 26.19%
15/11/2021 FTSE Closed at 7351 points. Change of 0.05%. Total value traded through LSE was: £ 5,038,681,465 a change of -24.12%

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:AML Aston Martin** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:DARK Darktrace Plc** **LSE:EMG MAN** **LSE:HIK Hikma** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:NG. National Glib** **LSE:POG Petrop etc** **LSE:PPC President Energy** **LSE:RMG Royal Mail** **LSE:TW. Taylor Wimpey** **

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Updated charts published on : Aston Martin, BALFOUR BEATTY, Barrett Devs, Darktrace Plc, MAN, Hikma, IG Group, IQE, National Glib, Petrop etc, President Energy, Royal Mail, Taylor Wimpey,

LSE:AML Aston Martin Close Mid-Price: 1563.5 Percentage Change: -2.52% Day High: 1594 Day Low: 1540.5

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 245.2 Percentage Change: + 0.91% Day High: 246.4 Day Low: 238.4

Weakness on BALFOUR BEATTY below 238.4 will invariably lead to 237 with s ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 702.2 Percentage Change: + 2.45% Day High: 709.2 Day Low: 683.8

All Barrett Devs needs are mid-price trades ABOVE 709.2 to improve accele ……..

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LSE:DARK Darktrace Plc Close Mid-Price: 498.8 Percentage Change: -2.00% Day High: 516 Day Low: 490.8

If Darktrace Plc experiences continued weakness below 490.8, it will inva ……..

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LSE:EMG MAN Close Mid-Price: 223.8 Percentage Change: -1.10% Day High: 225 Day Low: 222.2

Weakness on MAN below 222.2 will invariably lead to 214p. If broken, hope ……..

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LSE:HIK Hikma Close Mid-Price: 2282 Percentage Change: -0.35% Day High: 2296 Day Low: 2260

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LSE:IGG IG Group Close Mid-Price: 762 Percentage Change: -0.52% Day High: 769 Day Low: 759

Weakness on IG Group below 759 will invariably lead to 751p If broken, it ……..

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LSE:IQE IQE. Close Mid-Price: 50.4 Percentage Change: + 0.60% Day High: 51.6 Day Low: 48.85

Above 52p now looks capable of movement up to an initial 55 with secondary ……..

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LSE:NG. National Glib. Close Mid-Price: 992.4 Percentage Change: + 0.75% Day High: 999.2 Day Low: 982.5

Continued trades against NG. with a mid-price ABOVE 999.2 should improve ……..

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LSE:POG Petrop etc Close Mid-Price: 20.5 Percentage Change: -2.57% Day High: 20.9 Day Low: 18.55

If Petrop etc experiences continued weakness below 18.55, it will invaria ……..

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LSE:PPC President Energy. Close Mid-Price: 2.3 Percentage Change: + 2.22% Day High: 2.45 Day Low: 2.2

Target met. In the event of President Energy enjoying further trades beyo ……..

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LSE:RMG Royal Mail Close Mid-Price: 509 Percentage Change: -0.74% Day High: 514.4 Day Low: 501.6

Moves now ^up above 515 indicate the potential of recovery to an initial 5 ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 157.8 Percentage Change: + 0.61% Day High: 160.45 Day Low: 156

All Taylor Wimpey needs are mid-price trades ABOVE 160.45 to improve acce ……..

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

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