#Brent #Dax The folk behind Formula One should have a go at running the stock market in the UK. After witnessing the distasteful end to the final race of the season on Sunday, it’s perfectly possible #Natwest would find itself enjoying a share price in excess of 570p within just a day or two! For those who didn’t watch the race, F1 management engineered a situation where the existing world champion was forced to lose to the contender in the final lap, despite the champion significantly leading the entire race.
Perhaps the greater complaint was the; “Well, that’s 90 minutes of my time I’ll never get back” irritation. After all, Xmas lights were not going to hang themselves in the garden and by the time the sham race completed, there was only 60 minutes of daylight left. Just to further make the experience more fun, it was also raining and windy, despite being dry during this final race of the year. When my wife arrived home a few hours later, she was delighted at the display, blissfully unaware I’d literally tossed clumps of tangled lights onto the bushes and let the wind decide how they’d appear. Since the advent of cheap, exterior, LED lights, it seems every year I’m being assigned more of the things to carefully position around the front shrubbery.
However, to focus on Natwest, we tossed 570p into the conversation in the opening paragraph. This is liable to prove quite an important price level sometime in the future for some incredibly complex and simple reasons. It’s worth remembering Natwest was once called RBS (or the clown bank by some) and chart packages tend pretend the share price 10:1 consolidation of 2012 didn’t happen, as it fouls historical data. As pointed our with depressing regularity, the current price of 216p is actually 21.6p, if we admit the 10:1 event took place. In the financial crisis of 2009, RBS (Natwest) hit 9.7p as a low, and while the low in 2020 of 90p may sound better, the reality is the share price was just 9p in ‘original’ money. To be honest, RBS never shied away from their 10:1 consolidation as being a straightforward exercise, just to make the share sound more respectable as a major member of the FTSE 100.
Unfortunately, our grouch in-house came from the 57p level, a number which is now 570p. When we were designing our software, we used quite a few key players from the market while we explored how many ways we could get things wrong with numbers. RBS was one such company and by the time the company fiddled with the number of shares in issue, we’d – rather comfortably – identified 57p as an absolutely critical level above which the share was required, before any rising cycle could be taken seriously. After consolidation, the only thing which changed from a seriously Big Picture perspective was this trigger level became 570p. And as per 10 years ago, the share price has remained more distant from the 570p trigger than a Conservative politician admitting to attending a festive party!
Since we previously reviewed Natwest, the market opted to force the Covid-19/Omicron variant reversal, a movement which thus far has failed to stick. In the great scheme of this, we would have expected Natwest to commence a reversal cycle to 186p, something which just has not happened. Instead, we can see the share price has recovered, once again tickling price levels before the manipulation (market gap) downward. It’s all very strange, making us wonder whether UK PM Boris Johnstone sunken eyed address to the nation on Sunday evening shall be a last minute attempt to force panic again into the markets, just to ensure a grotty end to the year.
If our cynical nature is to be confirmed, below 210p looks troubling, calculating with the potential of reversal to 186p with secondary, if broken, at 176p and hopefully some sort of bounce. And alternate scenario, for gains, is rather less certain, requiring above 228p to suggest recovery to 239p with secondary, if bettered, at 253p.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:39:15PM | BRENT | 75.22 | 73.66 | 73.005 | 71.83 | 74.9 | 75.6 | 76.07 | 76.82 | 74.2 | Shambles |
| 9:46:41PM | GOLD | 1782.98 | |||||||||
| 9:49:09PM | FTSE | 7295.73 | ‘cess | ||||||||
| 9:51:13PM | FRANCE | 6994.8 | |||||||||
| 9:55:10PM | GERMANY | 15650 | 15601 | 15572 | 15531 | 15652 | 15659 | 15682 | 15707 | 15622 | |
| 9:57:41PM | US500 | 4691.77 | Success | ||||||||
| 10:01:28PM | DOW | 35851 | ‘cess | ||||||||
| 10:42:24PM | NASDAQ | 16240 | Success | ||||||||
| 10:44:13PM | JAPAN | 28610 |
10/12/2021 FTSE Closed at 7291 points. Change of -0.41%. Total value traded through LSE was: £ 4,638,576,552 a change of -14.79%
9/12/2021 FTSE Closed at 7321 points. Change of -0.22%. Total value traded through LSE was: £ 5,443,441,871 a change of -11.44%
8/12/2021 FTSE Closed at 7337 points. Change of -0.04%. Total value traded through LSE was: £ 6,146,296,986 a change of 1.35%
7/12/2021 FTSE Closed at 7340 points. Change of 1.49%. Total value traded through LSE was: £ 6,064,412,188 a change of 23.32%
6/12/2021 FTSE Closed at 7232 points. Change of 1.54%. Total value traded through LSE was: £ 4,917,455,192 a change of -4.51%
3/12/2021 FTSE Closed at 7122 points. Change of -0.1%. Total value traded through LSE was: £ 5,149,568,407 a change of -8.34%
2/12/2021 FTSE Closed at 7129 points. Change of -0.54%. Total value traded through LSE was: £ 5,618,064,136 a change of -12.19%
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:BT.A British Telecom** **LSE:CEY Centamin** **LSE:CNA Centrica** **LSE:DARK Darktrace Plc** **LSE:GENL Genel** **LSE:IQE IQE** **LSE:PMG Parkmead** **LSE:POLY Polymetal** **LSE:RKH Rockhopper** **LSE:SBRY Sainsbury** **LSE:TW. Taylor Wimpey** **
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Updated charts published on : Aston Martin, British Telecom, Centamin, Centrica, Darktrace Plc, Genel, IQE, Parkmead, Polymetal, Rockhopper, Sainsbury, Taylor Wimpey,
LSE:AML Aston Martin Close Mid-Price: 1293.5 Percentage Change: -3.86% Day High: 1342 Day Low: 1290
Target met. In the event Aston Martin experiences weakness below 1290 it ……..
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View Previous Aston Martin & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 178.45 Percentage Change: + 1.02% Day High: 180.55 Day Low: 175.55
All British Telecom needs are mid-price trades ABOVE 180.55 to improve ac ……..
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View Previous British Telecom & Big Picture ***
LSE:CEY Centamin Close Mid-Price: 85.74 Percentage Change: -2.15% Day High: 87.96 Day Low: 83.9
Target met. In the event Centamin experiences weakness below 83.9 it calc ……..
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View Previous Centamin & Big Picture ***
LSE:CNA Centrica Close Mid-Price: 67.76 Percentage Change: -0.18% Day High: 68.46 Day Low: 67.42
If Centrica experiences continued weakness below 67.42, it will invariabl ……..
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View Previous Centrica & Big Picture ***
LSE:DARK Darktrace Plc Close Mid-Price: 397 Percentage Change: -4.20% Day High: 417.6 Day Low: 397.4
In the event Darktrace Plc experiences weakness below 397.4 it calculates ……..
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View Previous Darktrace Plc & Big Picture ***
LSE:GENL Genel Close Mid-Price: 125 Percentage Change: -4.87% Day High: 128.2 Day Low: 123
If Genel experiences continued weakness below 123, it will invariably lea ……..
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View Previous Genel & Big Picture ***
LSE:IQE IQE Close Mid-Price: 33.7 Percentage Change: -1.61% Day High: 34.85 Day Low: 33.25
Continued weakness against IQE taking the price below 33.25 calculates as ……..
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View Previous IQE & Big Picture ***
LSE:PMG Parkmead Close Mid-Price: 34.4 Percentage Change: -3.10% Day High: 35.3 Day Low: 34.4
Target met. In the event Parkmead experiences weakness below 34.4 it calc ……..
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View Previous Parkmead & Big Picture ***
LSE:POLY Polymetal. Close Mid-Price: 1327.5 Percentage Change: + 0.76% Day High: 1331.5 Day Low: 1299.5
Weakness on Polymetal below 1299.5 will invariably lead to 1243. If broke ……..
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View Previous Polymetal & Big Picture ***
LSE:RKH Rockhopper. Close Mid-Price: 8.1 Percentage Change: + 15.63% Day High: 8.54 Day Low: 7.25
Target met. Continued trades against RKH with a mid-price ABOVE 8.54 shou ……..
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View Previous Rockhopper & Big Picture ***
LSE:SBRY Sainsbury Close Mid-Price: 275.2 Percentage Change: -0.11% Day High: 275.2 Day Low: 272
Weakness on Sainsbury below 272 will invariably lead to 264 with secondar ……..
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View Previous Sainsbury & Big Picture ***
LSE:TW. Taylor Wimpey Close Mid-Price: 167.5 Percentage Change: -0.92% Day High: 171.05 Day Low: 166.85
Further movement against Taylor Wimpey ABOVE 171.05 should improve accele ……..
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View Previous Taylor Wimpey & Big Picture ***