Barclays Plc, looking dangerous.

#Brent #Dax

Sometimes things are not what they seem. A TV interview with Queen musician, Brian May, was a visual surprise. The guy has gradually turned into a clone of Top Gear bloke, James May! He only needed start talking about the awkward float valve in an old SU carb to complete the visual illusion. Barclays, once upon a time a share which radiated hope for recovery has morphed, now joining a select group of very few shares trading below their “Russia” drop from March 7th.

Despite the “Russia” drop being to 142p and Barclays recently hitting 140p, only very slight hope may be taken from the 10p bounce as the share price has failed to to move into the realms of safety. Worse, from our perspective, by wandering below 142p, the share has triggered a serious reversal potential. Ongoing weakness below 140p now suggests the threat of a an initial 132p with secondary, if broken, a hopeful “bottom” at 96p.

Strange to say, the only thing giving some hope is the Blue downtrend which dates back 10 years. For some reason, movements against Barclays since July of 2021 are attempting to treat this Blue trend as important. We fear this level of respect is only a bad news story away from being broken, the visuals tending suggest a plunge to 95p should impress folk looking to grab a piece of the UK banking sector for under a quid…

 

To get out of trouble, above 151p is supposed to generate a lift to an initial 156p. If exceeded, our secondary works out at 169p which sounds useful but unfortunately fails to exceed any sort of recent highs. At present, Barclays requires above 184p to suggest a comprehensive attempt is being made to escape the zone which increasingly looks capable of dragging the price down to 96p.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
5:36:37PM BRENT 105.53 105.1 102.54 98.77 107.15 107.71 108.175 109.2 105.7 ‘cess
5:38:29PM GOLD 1932.04 ‘cess
5:43:33PM FTSE 7482.45 Success
5:45:40PM FRANCE 6536.5
5:48:17PM GERMANY 14020 14003 13958 13862 14039 14155 14195 14259 14083 Success
6:05:13PM US500 4273 Success
6:07:16PM DOW 33833.1 Success
6:09:18PM NASDAQ 13361.05 Success

 

22/04/2022 FTSE Closed at 7521 points. Change of -1.39%. Total value traded through LSE was: £ 6,766,539,663 a change of -21.54%
21/04/2022 FTSE Closed at 7627 points. Change of -0.03%. Total value traded through LSE was: £ 8,624,086,669 a change of 11.51%
20/04/2022 FTSE Closed at 7629 points. Change of 0.37%. Total value traded through LSE was: £ 7,734,053,627 a change of 26.25%
19/04/2022 FTSE Closed at 7601 points. Change of -0.2%. Total value traded through LSE was: £ 6,126,164,773 a change of -7.53%
14/04/2022 FTSE Closed at 7616 points. Change of 0.47%. Total value traded through LSE was: £ 6,624,976,338 a change of 20.3%
13/04/2022 FTSE Closed at 7580 points. Change of 0.05%. Total value traded through LSE was: £ 5,507,163,189 a change of -5.24%
12/04/2022 FTSE Closed at 7576 points. Change of -100%. Total value traded through LSE was: £ 5,811,485,837 a change of 0%

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:CAR Carclo** **LSE:IQE IQE** **LSE:OCDO Ocado Plc** **LSE:POG Petrop etc** **

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Updated charts published on : Avacta, BALFOUR BEATTY, Carclo, IQE, Ocado Plc, Petrop etc,

LSE:AVCT Avacta. Close Mid-Price: 142.5 Percentage Change: + 4.78% Day High: 143.5 Day Low: 131.5

Target met. In the event of Avacta enjoying further trades beyond 143.5, ……..

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View Previous Avacta & Big Picture ***

LSE:BBY BALFOUR BEATTY Close Mid-Price: 256.2 Percentage Change: -2.06% Day High: 260 Day Low: 256

Apparently, moves now above just 270p should power this toward an initial ……..

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LSE:CAR Carclo Close Mid-Price: 25.35 Percentage Change: -3.80% Day High: 25.6 Day Low: 25.6

This is looking a bit risky as weakness next below 25 suggests coming reve ……..

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LSE:IQE IQE Close Mid-Price: 31.6 Percentage Change: -6.65% Day High: 33.5 Day Low: 31.85

Ongoing traffic below 30.8 suggests coming travel down to an initial 29.5 ……..

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View Previous IQE & Big Picture ***

LSE:OCDO Ocado Plc Close Mid-Price: 1042 Percentage Change: -4.40% Day High: 1083.5 Day Low: 1027

In the event Ocado Plc experiences weakness below 1027 it calculates with ……..

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View Previous Ocado Plc & Big Picture ***

LSE:POG Petrop etc. Close Mid-Price: 2 Percentage Change: + 2.56% Day High: 2.75 Day Low: 2.11

All Petrop etc needs are mid-price trades ABOVE 2.75 to improve accelerat ……..

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View Previous Petrop etc & Big Picture ***

*** End of “Updated Today” comments on shares.

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