#France #Dow As a consumer, one thing I detest is being treated as a fool. Currently, the thing which really irritates is the sneaky practice of downsizing products. Suddenly, toilet rolls are no longer as wide and soon we’ll get two on a dispenser. Then there’s Diet Cola. For ages, a 2 Ltr bottle has cost 2 quid locally. Now, it’s just 1.5 Ltrs for 2 quid and as for dog treats, a particular product has shrunk from 15cm to 10cm but the packaging remains the original size. In fairness, the preferred mixer of choice for dark Rum has become Morrison’s own brand Diet Cola. It’s just 59p for 2 litres and difficult to fault on the flavour front.
One of the retail industry spokesmen has predicted food prices shall double during 2022, a trend which is already well under way. Surely this shall produce a solid bottom line for supermarket chains. After all, if a weekly shop goes from £100 to £200, should we not expect profits to experience a similar proportionate rise, giving interesting future earnings?
Currently Sainsbury share price is looking slightly worrying. Weakness anytime soon below 274p looks capable of triggering reversals down to an initial 264p with secondary, if broken, calculating down at a longer term 235p and hopefully a bounce. Of course, there’s a ‘however’ as it’s probably the Russia thing which was used to promote recent blips below the trend.
Instead, above 300p now has a visual impression of breaking through a glass ceiling, one which allows for recovery to an initial 326p with secondary, if bettered, at a more distant 346p. We’ve included a Really Big Picture chart below, showing the implications, if our secondary ambitions take effect. Movement like this will take the share into official “higher high” territory, allowing a cycle to an eventual 514p to commence. It’s easy to speculate a substantial rise in profits could easily break the share price from the hiatus which has existed since 2014.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:46:56PM | BRENT | 91.93 | |||||||||
| 9:49:50PM | GOLD | 1853.34 | Shambles | ||||||||
| 9:54:07PM | FTSE | 7591 | |||||||||
| 9:56:48PM | FRANCE | 6978 | 6906 | 6897 | 6867 | 6956 | 6988 | 7025 | 7064 | 6928 | ‘cess |
| 9:59:09PM | GERMANY | 15418 | ‘cess | ||||||||
| 10:01:33PM | US500 | 4465.37 | ‘cess | ||||||||
| 10:03:42PM | DOW | 34957 | ‘cess | ||||||||
| 10:06:16PM | NASDAQ | 14601.85 | 14434 | 14374 | 14290 | 14570 | 14626 | 14690 | 14783 | 14501 | Success |
| 10:08:42PM | JAPAN | 27445 | ‘cess |
16/02/2022 FTSE Closed at 7603 points. Change of -0.07%. Total value traded through LSE was: £ 6,729,531,357 a change of 15.27%
15/02/2022 FTSE Closed at 7608 points. Change of 1.02%. Total value traded through LSE was: £ 5,838,071,822 a change of -10.14%
14/02/2022 FTSE Closed at 7531 points. Change of -1.7%. Total value traded through LSE was: £ 6,497,209,256 a change of -4.96%
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%
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:BT.A British Telecom** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:EME Empyrean** **LSE:EZJ EasyJet** **LSE:HUR Hurrican Energy** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:MKS Marks and Spencer** **LSE:OXIG Oxford Instruments** **
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Updated charts published on : British Telecom, Diageo, ECO (Atlantic) O & G, Empyrean, EasyJet, Hurrican Energy, IG Group, IQE, Marks and Spencer, Oxford Instruments,
LSE:BT.A British Telecom. Close Mid-Price: 200.9 Percentage Change: + 1.57% Day High: 201 Day Low: 197.3
In the event of British Telecom enjoying further trades beyond 201, the s ……..
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View Previous British Telecom & Big Picture ***
LSE:DGE Diageo Close Mid-Price: 3605 Percentage Change: -2.05% Day High: 3678.5 Day Low: 3595.5
In the event Diageo experiences weakness below 3595.5 it calculates with ……..
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View Previous Diageo & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 35.25 Percentage Change: + 8.80% Day High: 35.25 Day Low: 32
Target met. In the event of ECO (Atlantic) O & G enjoying further trades ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:EME Empyrean. Close Mid-Price: 7.5 Percentage Change: + 2.74% Day High: 8.15 Day Low: 6.95
Continued trades against EME with a mid-price ABOVE 8.15 should improve t ……..
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View Previous Empyrean & Big Picture ***
LSE:EZJ EasyJet Close Mid-Price: 714.8 Percentage Change: -0.06% Day High: 729.2 Day Low: 707.6
Continued trades against EZJ with a mid-price ABOVE 729.2 should improve ……..
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View Previous EasyJet & Big Picture ***
LSE:HUR Hurrican Energy. Close Mid-Price: 5.77 Percentage Change: + 11.50% Day High: 5.92 Day Low: 5
All Hurrican Energy needs are mid-price trades ABOVE 5.92 to improve acce ……..
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View Previous Hurrican Energy & Big Picture ***
LSE:IGG IG Group Close Mid-Price: 764 Percentage Change: -0.84% Day High: 774.5 Day Low: 764
If IG Group experiences continued weakness below 764, it will invariably ……..
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View Previous IG Group & Big Picture ***
LSE:IQE IQE. Close Mid-Price: 41.3 Percentage Change: + 11.02% Day High: 42.85 Day Low: 39.05
Target met. Further movement against IQE ABOVE 42.85 should improve accel ……..
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View Previous IQE & Big Picture ***
LSE:MKS Marks and Spencer Close Mid-Price: 190.85 Percentage Change: -0.78% Day High: 194.85 Day Low: 187.1
Target met. If Marks and Spencer experiences continued weakness below 187 ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:OXIG Oxford Instruments Close Mid-Price: 2010 Percentage Change: -0.50% Day High: 2080 Day Low: 1958
If Oxford Instruments experiences continued weakness below 1958, it will ……..
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View Previous Oxford Instruments & Big Picture ***