#FTSE #CAC40
It’s easy to sympathise with the likes of #Easyjet, due to currently experiencing very vaguely similar trauma to the airline. They must be constantly wondering “what else can go wrong?” with their industry. The Boeing 737 Max?, Covid-19 lockdowns, Russia, an in-house Covid outbreak, and now, Manchester Airport gloriously shocking incompetence. Every time Easyjet think they dare relax, another “gotcha” awaits. My own crisis comes from easing of mask regulations, thankfully still in place in Scotland but ignored by around 50% of folk.
From a personal stance, it has become crucial mask regulations remain in force north of the border. A visit to the dentist with a bunch of x-rays, resulted in a particularly unpleasant telephone call. The dental practice holds meetings to discuss awkward cases and my own issue was discussed, a course of action agreed upon. It involves the removal of four of my top row front teeth, due to a gum infection. Even worse, due to other issues (which may result in a prolonged healing time and excess bleeding) there is also a warning cosmetic work may require delayed for up to 2 months. This results in the situation where I’m forced to become a leading advocate of wearing masks in public and shall complain to the Scottish puppet government, if they dare consider relaxing regulations. If passengers on every Easyjet flight from Luton to Glasgow are required to slip a mask on, as they over-fly Carlisle, it shan’t bother me in the slightest. Vanity has a new name.
Easyjet share price is a bit of a mess, the constant negative influences against the airline clearly taking their toll. Price movements since 2020 have created a ‘head & shoulders’ formation on the chart and while never a certainty for trauma, some pause for thought is recommended, especially if the share price ever discovers an excuse to drop below the “Russia” low of 417p in March. Anything as unpleasant as this risks reversal to an initial 295p with secondary, if broken, down at an eventual 22p.
Strangely though, things get worse with this ridiculous sounding scenario. If we visit the really big picture and run the numbers against price shuffles since 2012, Easyjet has a truly serious problem at 417p. We now cannot calculate an ultimate bottom, thanks to all Big Picture calculations returning answers below zero. Some hope can be taken from the precise nature of the Russia drop to 417p, almost tending to indicate the market performed a similar calculation and decided not to mess with The Big Picture.
For any sign of optimism, the share price needs exceed 580p for early hope, calculating with the potential of a lift to 698p next. If bettered, our secondary works out at 821p, a significant level which should easily promote future ambitions toward 1049p. Who knows, perhaps current UK PM Boris Johnston shall designate Easyjet as his favourite Party Airline…
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FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:46:18PM | BRENT | 105.22 | |||||||||
| 10:47:44PM | GOLD | 1924.02 | Shambles | ||||||||
| 10:53:30PM | FTSE | 7597.33 | 7534 | 7516 | 7483 | 7574 | 7617 | 7631 | 7680 | 7567 | Success |
| 10:55:13PM | FRANCE | 6624.5 | 6599 | 6578 | 6519 | 6649 | 6657 | 6673 | 6698 | 6616 | Success |
| 10:57:12PM | GERMANY | 14395.94 | Shambles | ||||||||
| 10:58:49PM | US500 | 4533.57 | ‘cess | ||||||||
| 11:00:41PM | DOW | 34688 | ‘cess | ||||||||
| 11:02:33PM | NASDAQ | 14852 | |||||||||
| 11:04:16PM | JAPAN | 27545 | ‘cess |
5/04/2022 FTSE Closed at 7613 points. Change of 0.73%. Total value traded through LSE was: £ 8,046,795,473 a change of 61.76%
4/04/2022 FTSE Closed at 7558 points. Change of 0.28%. Total value traded through LSE was: £ 4,974,492,195 a change of -8.16%
1/04/2022 FTSE Closed at 7537 points. Change of 0.29%. Total value traded through LSE was: £ 5,416,602,044 a change of -16.69%
31/03/2022 FTSE Closed at 7515 points. Change of -0.83%. Total value traded through LSE was: £ 6,501,691,261 a change of -12.58%
30/03/2022 FTSE Closed at 7578 points. Change of 0.54%. Total value traded through LSE was: £ 7,437,044,011 a change of -7.97%
29/03/2022 FTSE Closed at 7537 points. Change of 0.86%. Total value traded through LSE was: £ 8,081,315,259 a change of 39.66%
28/03/2022 FTSE Closed at 7473 points. Change of -0.13%. Total value traded through LSE was: £ 5,786,403,389 a change of -6.97%
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:AZN Astrazeneca** **LSE:DDDD 4D Pharma** **LSE:EMG MAN** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:GENL Genel** **LSE:GLEN Glencore Xstra** **LSE:IGAS Igas Energy** **LSE:JET Just Eat** **LSE:NG. National Glib** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **
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Updated charts published on : Astrazeneca, 4D Pharma, MAN, Firstgroup, Foxtons, Genel, Glencore Xstra, Igas Energy, Just Eat, National Glib, The Trainline, Tesco,
LSE:AZN Astrazeneca. Close Mid-Price: 10334 Percentage Change: + 1.89% Day High: 10348 Day Low: 10080
Continued trades against AZN with a mid-price ABOVE 10348 should improve ……..
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View Previous Astrazeneca & Big Picture ***
LSE:DDDD 4D Pharma Close Mid-Price: 38.7 Percentage Change: -5.15% Day High: 41.8 Day Low: 38.2
If 4D Pharma experiences continued weakness below 38.2, it will invariabl ……..
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View Previous 4D Pharma & Big Picture ***
LSE:EMG MAN. Close Mid-Price: 243.6 Percentage Change: + 2.05% Day High: 245.5 Day Low: 238.4
All MAN needs are mid-price trades ABOVE 245.5 to improve acceleration to ……..
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View Previous MAN & Big Picture ***
LSE:FGP Firstgroup. Close Mid-Price: 114.9 Percentage Change: + 2.59% Day High: 115.5 Day Low: 112.1
Further movement against Firstgroup ABOVE 115.5 should improve accelerati ……..
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View Previous Firstgroup & Big Picture ***
LSE:FOXT Foxtons. Close Mid-Price: 46.55 Percentage Change: + 1.75% Day High: 47.4 Day Low: 44.6
In the event of Foxtons enjoying further trades beyond 47.4, the share sh ……..
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View Previous Foxtons & Big Picture ***
LSE:GENL Genel. Close Mid-Price: 191 Percentage Change: + 2.80% Day High: 191.4 Day Low: 186.8
All Genel needs are mid-price trades ABOVE 191.4 to improve acceleration ……..
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View Previous Genel & Big Picture ***
LSE:GLEN Glencore Xstra. Close Mid-Price: 516.8 Percentage Change: + 2.34% Day High: 516.3 Day Low: 493.55
In the event of Glencore Xstra enjoying further trades beyond 516.3, the ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:IGAS Igas Energy. Close Mid-Price: 44.2 Percentage Change: + 14.81% Day High: 46 Day Low: 38.5
Target met. Continued trades against IGAS with a mid-price ABOVE 46 shoul ……..
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View Previous Igas Energy & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 3009 Percentage Change: + 1.66% Day High: 3063.5 Day Low: 2890.5
Further movement against Just Eat ABOVE 3063.5 should improve acceleratio ……..
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View Previous Just Eat & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 1211 Percentage Change: + 3.59% Day High: 1211.5 Day Low: 1169.5
Target met. Further movement against National Glib ABOVE 1211.5 should im ……..
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View Previous National Glib & Big Picture ***
LSE:TRN The Trainline. Close Mid-Price: 282.1 Percentage Change: + 3.33% Day High: 283.8 Day Low: 268.2
Target met. In the event of The Trainline enjoying further trades beyond ……..
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View Previous The Trainline & Big Picture ***
LSE:TSCO Tesco Close Mid-Price: 274.7 Percentage Change: -0.43% Day High: 276.4 Day Low: 270.9
Continued weakness against TSCO taking the price below 270.9 calculates a ……..
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View Previous Tesco & Big Picture ***