#Gold #Nasdaq
Rather than believing politicians or media, we inadvertently discovered another way of judging how things are going with The Pandemic. Simply put, a visit to a major drug company website reveals rather swiftly what the corporate world believes to be current. In the case of GSK, the company now trumpet “Our response to the situation in Ukraine”.
You need to do a little digging to discover references to Covid-19 and at time of writing, the easiest link was to scroll down to the very bottom of their corporate homepage to reveal this drug giant retains an interest in the field. Even a quick visit to the Chinese version of their website failed to reveal any great level of panic, despite there being occasional hints of “Major Covid outbreaks in Shanghai”. Perhaps it is indeed the case we should all embrace the new normal and join the corporate mindset by moving on with life.
It’s interesting GSK share price appears to be on the verge of becoming useful, almost at the point of challenging the pre-pandemic highs of 2020. This is creating a fascinating scenario as now above 1,817p suggests imminent moves to an initial 1,841p. In the event such a level is exceeded, quite likely with the price trading around 1,798p at time of writing, our secondary works out at 1,870p and a new all time high. Quite coyly, we’ve chosen to show a longer term 2,009p on the chart below as a viable long term ambition, representing a level at which we’d suspect some hesitation.
For everything to go horribly wrong, GSK needs below 1,700p as this calculates with the threat of reversal to an initial 1,625p. At such a level, we’d hope for a bounce as our secondary works out at an uptrend breaking 1,406p.
At present, we’re inclined toward optimism for this share price.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:00:41PM | BRENT | 112.82 | ‘cess | ||||||||
| 11:02:43PM | GOLD | 1824.1 | 1810 | 1806 | 1799 | 1818 | 1827 | 1831 | 1846 | 1813 | |
| 11:05:10PM | FTSE | 7468 | ‘cess | ||||||||
| 11:06:55PM | FRANCE | 6356 | |||||||||
| 11:08:47PM | GERMANY | 14006.65 | |||||||||
| 11:10:35PM | US500 | 4005.54 | ‘cess | ||||||||
| 11:12:18PM | DOW | 32223 | ‘cess | ||||||||
| 11:14:26PM | NASDAQ | 12247.24 | 12185 | 12089 | 11958 | 12303 | 12409 | 12463 | 12556 | 12270 | |
| 11:16:34PM | JAPAN | 26482 | ‘cess |
16/05/2022 FTSE Closed at 7464 points. Change of 0.62%. Total value traded through LSE was: £ 6,081,329,244 a change of -11.87%
13/05/2022 FTSE Closed at 7418 points. Change of 2.56%. Total value traded through LSE was: £ 6,900,608,037 a change of -14.47%
12/05/2022 FTSE Closed at 7233 points. Change of -1.55%. Total value traded through LSE was: £ 8,068,175,968 a change of -13.29%
11/05/2022 FTSE Closed at 7347 points. Change of 1.44%. Total value traded through LSE was: £ 9,304,334,633 a change of 45.01%
10/05/2022 FTSE Closed at 7243 points. Change of 0.37%. Total value traded through LSE was: £ 6,416,543,760 a change of 2.54%
9/05/2022 FTSE Closed at 7216 points. Change of -2.31%. Total value traded through LSE was: £ 6,257,631,157 a change of -11.88%
6/05/2022 FTSE Closed at 7387 points. Change of -1.55%. Total value traded through LSE was: £ 7,100,975,536 a change of 2.72%
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:AGM Applied Graphene** **LSE:AV. Aviva** **LSE:BLOE Block Energy PLC** **LSE:CAR Carclo** **LSE:DDDD 4D Pharma** **LSE:FOXT Foxtons** **LSE:HIK Hikma** **LSE:IAG British Airways** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:OCDO Ocado Plc** **LSE:SBRY Sainsbury** **LSE:STAN Standard Chartered** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **
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Updated charts published on : Applied Graphene, Aviva, Block Energy PLC, Carclo, 4D Pharma, Foxtons, Hikma, British Airways, International Personal Finance, IQE, Ocado Plc, Sainsbury, Standard Chartered, The Trainline, Tesco,
LSE:AGM Applied Graphene. Close Mid-Price: 17 Percentage Change: + 0.00% Day High: 17 Day Low: 16.27
Weakness on Applied Graphene below 16. will invariably lead to 14.8 with s ……..
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View Previous Applied Graphene & Big Picture ***
LSE:AV. Aviva Close Mid-Price: 394.65 Percentage Change: -3.32% Day High: 401.35 Day Low: 384
Target Met or near enough. Below 394 now indicates 381 with quite a strong ……..
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View Previous Aviva & Big Picture ***
LSE:BLOE Block Energy PLC Close Mid-Price: 1.48 Percentage Change: -4.84% Day High: 1.55 Day Low: 1.48
Something is going on here as above 1.55 now suggests the potential of mov ……..
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View Previous Block Energy PLC & Big Picture ***
LSE:CAR Carclo. Close Mid-Price: 20.65 Percentage Change: + 0.73% Day High: 21 Day Low: 20
Continued weakness against CAR taking the price below 20 calculates as lea ……..
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View Previous Carclo & Big Picture ***
LSE:DDDD 4D Pharma Close Mid-Price: 33.25 Percentage Change: -2.49% Day High: 34.7 Day Low: 33
This has gotten dodgy and now, below 31 points at the potential of reversa ……..
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View Previous 4D Pharma & Big Picture ***
LSE:FOXT Foxtons Close Mid-Price: 36 Percentage Change: -1.37% Day High: 35.65 Day Low: 35.6
Continued weakness against FOXT taking the price below 35 calculates as le ……..
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View Previous Foxtons & Big Picture ***
LSE:HIK Hikma Close Mid-Price: 1711 Percentage Change: -0.75% Day High: 1737.5 Day Low: 1696.5
Now below 1651 suggests 1571 next with secondary, if broken, at 1504 and h ……..
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View Previous Hikma & Big Picture ***
LSE:IAG British Airways Close Mid-Price: 121.9 Percentage Change: -1.02% Day High: 123.24 Day Low: 120.04
It’s still the case below 120 points at 118 next with secondary, if broken ……..
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View Previous British Airways & Big Picture ***
LSE:IPF International Personal Finance. Close Mid-Price: 89.6 Percentage Change: + 3.58% Day High: 88 Day Low: 84.7
If International Personal Finance experiences continued weakness below 84. ……..
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View Previous International Personal Finance & Big Picture ***
LSE:IQE IQE. Close Mid-Price: 29.1 Percentage Change: + 0.52% Day High: 29.35 Day Low: 28
If IQE experiences continued weakness below 28, it will invariably lead to ……..
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View Previous IQE & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 811.8 Percentage Change: + 0.12% Day High: 822.6 Day Low: 794.8
Above 823 now should signal surprise recovery to an initial 871 with secon ……..
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View Previous Ocado Plc & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 244.6 Percentage Change: + 2.43% Day High: 245.4 Day Low: 238
Now looking a little interesting, above 246 suggests the potential of near ……..
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View Previous Sainsbury & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 587.6 Percentage Change: + 1.07% Day High: 588.4 Day Low: 572.8
Target Met. Above 589 now signals the concept of a visit to 615 next with ……..
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View Previous Standard Chartered & Big Picture ***
LSE:TRN The Trainline Close Mid-Price: 288.7 Percentage Change: -4.66% Day High: 302.1 Day Low: 288.4
This is starting to become interesting as above 306 now calculates with th ……..
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View Previous The Trainline & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 286.7 Percentage Change: + 1.96% Day High: 287.8 Day Low: 279.7
This has potentials, now looking capable of movement above 288 bringing an ……..
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View Previous Tesco & Big Picture ***