#FTSE #Japan
It was to prove a worthwhile exercise, glancing at how major markets are performing this year. Germany is down 15%, Wall St down 13%, France down 12%, the S&P down 15% and the usually dreadful UK market has relaxed from its 2022 high by just 6.5%! As a result, we opted to review another British success story, British American Tobacco…
Sticking with the FTSE for a minute, all the other markets had previously strongly exceeded their Covid-19 high, essentially placing themselves at risk of some reversals should a suitable excuse be discovered. On the other hand, the FTSE only flirted briefly with its prior high levels and it still in a “recovery” zone, whereas other markets were in a “growth” zone. We suspect this is reflected in the FTSE only attaining half the rate of damage to other markets. It’s a strange phenomena, one which we witness all the time with shares, where items which go up fast come down even faster. However, we’re still not ready to start running in circles, declaring “the sky is falling”.
We reviewed LSE:BATS last August, giving an upper target at 3434p and the share cheerfully delivered the target, even managing to close very slightly higher at 3439p. This creates a new situation, where the largest cigarette company in the world can now present a new growth scenario. Next above 3459p should enter a cycle toward an initial 3746p next. If exceeded, our longer term secondary comes in at 4188p. It’s always a bit of a puzzle just who is buying cigarettes and even, where can they buy them?
Our local town here in Argyll boasted a tobacconist on the high street. It was a properly old fashioned shop, also carrying a bewildering range of pipe tobacco and of course, some really vulgar pipes. The place became an early victim of Lockdown, announcing the store wasn’t going to reopen. But as to the question of just who is buying tobacco products, it’s easy to suspect many folk do. But as someone who stopped smoking, mingling in the semi-enclosed bicycle sheds placed discretely outside offices everywhere has become a thing of the past. Given LON.BATS share price, it’s pretty certain the company still have a strong market for their output.
If things intend go wrong for BATS.L, the price needs fall below 3200p as this risks provoking reversal to 2987p. If broken, our secondary calculation comes along at 2728p, hopefully a level with an excuse for a solid rebound.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:44:27PM | BRENT | 107.26 | Success | ||||||||
| 10:47:19PM | GOLD | 1945.73 | Success | ||||||||
| 10:50:36PM | FTSE | 7319.11 | 7269 | 7255 | 7192 | 7342 | 7338 | 7358 | 7388 | 7297 | ‘cess |
| 10:55:25PM | FRANCE | 6337 | Success | ||||||||
| 10:58:39PM | GERMANY | 13854.76 | Success | ||||||||
| 11:02:10PM | US500 | 4312.69 | Shambles | ||||||||
| 11:05:07PM | DOW | 33368 | ‘cess | ||||||||
| 11:06:57PM | NASDAQ | 14026 | |||||||||
| 11:09:20PM | JAPAN | 26434 | 26316 | 26210 | 25943 | 26523 | 26568 | 26634 | 26742 | 26422 |
1/03/2022 FTSE Closed at 7330 points. Change of -1.72%. Total value traded through LSE was: £ 8,527,347,509 a change of -15.97%
28/02/2022 FTSE Closed at 7458 points. Change of -0.41%. Total value traded through LSE was: £ 10,147,661,297 a change of 20.2%
25/02/2022 FTSE Closed at 7489 points. Change of 3.91%. Total value traded through LSE was: £ 8,442,124,681 a change of -14.64%
24/02/2022 FTSE Closed at 7207 points. Change of -3.88%. Total value traded through LSE was: £ 9,889,574,342 a change of 64.76%
23/02/2022 FTSE Closed at 7498 points. Change of 0.05%. Total value traded through LSE was: £ 6,002,308,781 a change of -10.52%
22/02/2022 FTSE Closed at 7494 points. Change of 0.13%. Total value traded through LSE was: £ 6,707,697,679 a change of 29%
21/02/2022 FTSE Closed at 7484 points. Change of -0.39%. Total value traded through LSE was: £ 5,199,890,341 a change of -19.05%
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:BARC Barclays** **LSE:CPI Capita** **LSE:DARK Darktrace Plc** **LSE:FOXT Foxtons** **LSE:GLEN Glencore Xstra** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:NG. National Glib** **LSE:POG Petrop etc** **LSE:POLY Polymetal** **LSE:RR. Rolls Royce** **LSE:SCLP Scancell** **LSE:TRN The Trainline** **
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Updated charts published on : Barclays, Capita, Darktrace Plc, Foxtons, Glencore Xstra, British Airways, Igas Energy, International Personal Finance, IQE, National Glib, Petrop etc, Polymetal, Rolls Royce, Scancell, The Trainline,
LSE:BARC Barclays Close Mid-Price: 173.22 Percentage Change: -5.28% Day High: 185.18 Day Low: 173.04
Ongoing trouble below 173 still points at the potential of reversal to an ……..
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View Previous Barclays & Big Picture ***
LSE:CPI Capita Close Mid-Price: 26.41 Percentage Change: -5.68% Day High: 29.3 Day Low: 26.23
Continued weakness against CPI taking the price below 26.2 still calculate ……..
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View Previous Capita & Big Picture ***
LSE:DARK Darktrace Plc. Close Mid-Price: 459 Percentage Change: + 3.75% Day High: 462.8 Day Low: 444.4
This has gotten mildly interesting as above 463 now should promote recover ……..
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View Previous Darktrace Plc & Big Picture ***
LSE:FOXT Foxtons Close Mid-Price: 34.65 Percentage Change: -0.72% Day High: 35.2 Day Low: 33.9
Weakness on Foxtons below 33.9 will invariably lead to 32.5 with secondary ……..
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View Previous Foxtons & Big Picture ***
LSE:GLEN Glencore Xstra. Close Mid-Price: 444.95 Percentage Change: + 0.63% Day High: 451.55 Day Low: 434.8
Target Met. Wonder where that came from! Now above 452 should signal 461 a ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:IAG British Airways Close Mid-Price: 136.08 Percentage Change: -8.40% Day High: 154.8 Day Low: 137.32
Airlines must be considering sacrificing stewardesses into a volcano in Ic ……..
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View Previous British Airways & Big Picture ***
LSE:IGAS Igas Energy Close Mid-Price: 21.75 Percentage Change: -2.68% Day High: 23.3 Day Low: 21.5
All Igas Energy needs are mid-price trades ABOVE 23.3 to improve accelerat ……..
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View Previous Igas Energy & Big Picture ***
LSE:IPF International Personal Finance. Close Mid-Price: 112.8 Percentage Change: + 0.71% Day High: 113.8 Day Low: 110.6
Weakness on International Personal Finance below 110 will invariably lead ……..
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View Previous International Personal Finance & Big Picture ***
LSE:IQE IQE Close Mid-Price: 40.5 Percentage Change: -4.37% Day High: 43.5 Day Low: 39.95
Target Met. Now above 44 hints at 49p next with secondary, if bettered, a ……..
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View Previous IQE & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 318.6 Percentage Change: -4.09% Day High: 374.8 Day Low: 302
Target Met. But it was a truly crazy day and now, it requires above 350p t ……..
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View Previous ITM Power & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 1138.2 Percentage Change: + 0.65% Day High: 1147.4 Day Low: 1120.6
Target Met. National Grid is starting to look quite useful as above 1148 n ……..
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View Previous National Glib & Big Picture ***
LSE:POG Petrop etc Close Mid-Price: 4.97 Percentage Change: -37.88% Day High: 8.25 Day Low: 4
Target Met. Serves them right for having a Russian name… Must be guilty! ……..
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View Previous Petrop etc & Big Picture ***
LSE:POLY Polymetal Close Mid-Price: 258.9 Percentage Change: -26.28% Day High: 371.3 Day Low: 250
In the event Polymetal experiences weakness below 250 it calculates with a ……..
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View Previous Polymetal & Big Picture ***
LSE:RR. Rolls Royce Close Mid-Price: 92 Percentage Change: -11.11% Day High: 104.94 Day Low: 92.36
In the event Rolls Royce experiences weakness below 92 it remains with a d ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SCLP Scancell. Close Mid-Price: 12.25 Percentage Change: + 1.66% Day High: 12.25 Day Low: 11.75
If Scancell experiences continued weakness below 11.75, it will invariably ……..
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View Previous Scancell & Big Picture ***
LSE:TRN The Trainline Close Mid-Price: 184.3 Percentage Change: -9.48% Day High: 203 Day Low: 183.5
In the event The Trainline experiences weakness below 183, it calculates w ……..
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View Previous The Trainline & Big Picture ***