#Brent #Dax News over the weekend regarding the UK Govt stake in Natwest coming close to falling below 50% surely must provide some confidence for the share price. The thresh-hold could be crossed in coming weeks, doubtless with a fanfare. However, news the bank intend close another 32 branches has leaked, doubtless with inevitable “sad face furore” stories in tabloids.
The whole issue of branch closures is something unsurprising, it proving remarkably easy to avoid going into a bank during the last couple of years. Locally here in Argyll, our small town has a high street remarkably well served with banks and pre-pandemic, the big issue was how busy the branches were. This situation appears unchanged. Last week, thanks to their cash machine hosting an ‘Out of Order’ sticker, stepping inside the bank branch revealed nothing has changed, each teller position was manned and there was a queue. When it was finally my turn, it was clear the queue had nothing to do with the faulty machine, instead the bank was conducting normal bank business.
Obviously throughout the UK, there must be many bank branches where the majority of customers are like me and as a result, it’s hard to argue against closures.
Closing last week at 253p, the share price now requires exceed just 259p to introduce the prospect of coming price recovery to 272p next. If bettered, our secondary calculates at a longer term 332p. At least it seems fair the UK Govt are choosing to drip feed into the market place and avoiding further damage to the share value. We’re certainly curious, if the fact of Natwest no longer being referred to as ‘Majority Owned Bank, Natwest” in every news broadcast shall provide a boost for the longer term.
The immediate fly in the ointment comes from the relative lack of strong growth against the price. It’s certainly exceeded its pre-Covid high, has gone up a bit stopped. While it’s certainly a combination of the Russia Thing, the Interest Rate Thing, or the Inflation Thing, we’re starting to wonder if the share can be expected to suffer some reversals fairly soon. Below 244p looks troubling, allowing for weakness to an initial 227 with secondary, if broken, at 215p. Visually neither number appears troubling as the share price would need close a session below 207p to justify serious alarm. A move such as this would threaten a retreat below the Blue downtrend, once again making a trip down to 155p a truly disturbing possibility.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 3:51:05PM | BRENT | 94.21 | 91.43 | 90.63 | 89.21 | 93 | 94.89 | 95.09 | 96.95 | 93.4 | Success |
| 8:53:41PM | GOLD | 1861.43 | ‘cess | ||||||||
| 8:55:52PM | FTSE | 7573.23 | ‘cess | ||||||||
| 8:59:39PM | FRANCE | 6881.2 | Success | ||||||||
| 9:02:07PM | GERMANY | 15167.76 | 15114 | 15105 | 14935 | 15204 | 15298 | 15350 | 15428 | 15180 | Success |
| 9:05:31PM | US500 | 4420.32 | ‘cess | ||||||||
| 9:25:29PM | DOW | 34787 | Success | ||||||||
| 9:28:36PM | NASDAQ | 14275.67 | Success | ||||||||
| 9:31:27PM | JAPAN | 26920 | Success |
11/02/2022 FTSE Closed at 7661 points. Change of -0.14%. Total value traded through LSE was: £ 6,836,505,104 a change of 3.17%
10/02/2022 FTSE Closed at 7672 points. Change of 0.38%. Total value traded through LSE was: £ 6,626,677,333 a change of -0.02%
9/02/2022 FTSE Closed at 7643 points. Change of 1%. Total value traded through LSE was: £ 6,627,688,349 a change of 1.84%
8/02/2022 FTSE Closed at 7567 points. Change of -0.08%. Total value traded through LSE was: £ 6,508,230,293 a change of 10.94%
7/02/2022 FTSE Closed at 7573 points. Change of 0.76%. Total value traded through LSE was: £ 5,866,179,162 a change of 4.27%
4/02/2022 FTSE Closed at 7516 points. Change of 3.55%. Total value traded through LSE was: £ 5,625,836,746 a change of -14.55%
3/02/2022 FTSE Closed at 7258 points. Change of -4.29%. Total value traded through LSE was: £ 6,584,025,295 a change of 21.45%
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:BBY BALFOUR BEATTY** **LSE:BP. BP PLC** **LSE:CPI Capita** **LSE:DDDD 4D Pharma** **LSE:FRES Fresnillo** **LSE:HIK Hikma** **LSE:IQE IQE** **LSE:ODX Omega Diags** **LSE:PHP Primary Health** **LSE:QFI Quadrise** **LSE:SCLP Scancell** **LSE:TRN The Trainline** **LSE:ZOL Zoldav** **
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Updated charts published on : Avacta, BALFOUR BEATTY, BP PLC, Capita, 4D Pharma, Fresnillo, Hikma, IQE, Omega Diags, Primary Health, Quadrise, Scancell, The Trainline, Zoldav,
LSE:AVCT Avacta Close Mid-Price: 61 Percentage Change: -4.69% Day High: 63 Day Low: 58
Continued weakness against AVCT taking the price below 58 calculates as l ……..
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View Previous Avacta & Big Picture ***
LSE:BBY BALFOUR BEATTY Close Mid-Price: 249.2 Percentage Change: -0.24% Day High: 250.2 Day Low: 244.4
In the event BALFOUR BEATTY experiences weakness below 244.4 it calculate ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 417.2 Percentage Change: + 1.58% Day High: 419.15 Day Low: 405.5
Further movement against BP PLC ABOVE 419.15 should improve acceleration ……..
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View Previous BP PLC & Big Picture ***
LSE:CPI Capita Close Mid-Price: 31.16 Percentage Change: -0.76% Day High: 31.4 Day Low: 30.11
Continued weakness against CPI taking the price below 30.11 calculates as ……..
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View Previous Capita & Big Picture ***
LSE:DDDD 4D Pharma Close Mid-Price: 34.2 Percentage Change: -0.44% Day High: 35.95 Day Low: 33
If 4D Pharma experiences continued weakness below 33, it will invariably ……..
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View Previous 4D Pharma & Big Picture ***
LSE:FRES Fresnillo Close Mid-Price: 622.4 Percentage Change: -1.46% Day High: 626.6 Day Low: 610.6
Weakness on Fresnillo below 610.6 will invariably lead to 592 with second ……..
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View Previous Fresnillo & Big Picture ***
LSE:HIK Hikma Close Mid-Price: 1965.5 Percentage Change: -1.97% Day High: 1998 Day Low: 1965
In the event Hikma experiences weakness below 1965 it calculates with a d ……..
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View Previous Hikma & Big Picture ***
LSE:IQE IQE. Close Mid-Price: 36.95 Percentage Change: + 2.64% Day High: 37.15 Day Low: 35.05
Continued trades against IQE with a mid-price ABOVE 37.15 should improve ……..
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View Previous IQE & Big Picture ***
LSE:ODX Omega Diags Close Mid-Price: 5.88 Percentage Change: -18.97% Day High: 6.38 Day Low: 5.6
If Omega Diags experiences continued weakness below 5.6, it will invariab ……..
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View Previous Omega Diags & Big Picture ***
LSE:PHP Primary Health Close Mid-Price: 135 Percentage Change: -1.17% Day High: 135.7 Day Low: 133.6
If Primary Health experiences continued weakness below 133.6, it will inv ……..
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View Previous Primary Health & Big Picture ***
LSE:QFI Quadrise Close Mid-Price: 1.8 Percentage Change: -6.37% Day High: 1.97 Day Low: 1.7
Weakness on Quadrise below 1.7 will invariably lead to 1.65 with secondar ……..
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View Previous Quadrise & Big Picture ***
LSE:SCLP Scancell Close Mid-Price: 14.62 Percentage Change: -5.65% Day High: 15.62 Day Low: 14.12
Target met. Weakness on Scancell below 14.12 will invariably lead to 13 w ……..
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View Previous Scancell & Big Picture ***
LSE:TRN The Trainline Close Mid-Price: 237 Percentage Change: -1.99% Day High: 245 Day Low: 232
Further movement against The Trainline ABOVE 245 should improve accelerat ……..
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View Previous The Trainline & Big Picture ***
LSE:ZOL Zoldav Close Mid-Price: 15 Percentage Change: -14.29% Day High: 17.5 Day Low: 12.5
Target met. In the event Zoldav experiences weakness below 12.5 it calcul ……..
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View Previous Zoldav & Big Picture ***