#Nasdaq #Japan
We did promise to go easy on Formula 1 coverage but, as it’s the Monaco Grand Prix this weekend, perhaps a glance at how the owners of Formula1 are doing is justified. Oddly, choosing Monaco as an excuse to delve into things is a bit of a misnomer. Of all the races, Monaco is traditionally the one most likely to send viewers to sleep. Generally, all the action happens during the preceding day with qualifying as, the “race” tends become a boring procession of cars unable to pass each other.
Some slight excitement is usually generated with the occasional mechanical failure but that’s about it. Unless the organisers adopt a cunning plan of spraying water across a few corners to spice things up, the boring stream of cars unable to pass each other, will once again dominate Sunday afternoon. The venue is certainly spectacular, the pit lane audience glamorous, but attaching the word “race” to the weekend is traditionally an exercise in futility.
Then again, the recent Spanish Grand Prix turned into a real race, a true surprise as it’s also a race which can be overlooked quite easily, an excuse for a nap between Lap 4 and Lap 60. Maybe this time Monaco shall also discover a method of producing entertainment.
A couple of recent share price movements for Liberty appear worthy of some consideration. At time of writing, the share is trading around 57 and just needs above 59 to hopefully trigger price movements to an initial 65 with our longer term secondary, if bettered, calculating at a confident looking $73.
But in recent weeks, the Red uptrend has suffered a couple of assaults, not least thanks to heroic levels of incompetence in management of the new US Miami GP. As the fallout has cleared, Liberty share price has once again regained the uptrend with extreme care being taken to ensure the price doesn’t close a session below Red. Hopefully this indicates an expectation of future gains.
If trouble is planned, the share price needs slump below the Miami low of 50 as this risks triggering reversal to an initial 37. Below such a level, things get silly as our secondary works out at a bottom of just $18. When the pandemic low of 2020 is taken into consideration, proposing a visit to the 18 dollar level becomes less foolish. However, our expectation is to see an eventual visit to the $73 level.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:37:42PM | BRENT | 111.77 | ‘cess | ||||||||
| 10:39:27PM | GOLD | 1853.72 | |||||||||
| 10:41:16PM | FTSE | 7530.32 | |||||||||
| 10:48:44PM | FRANCE | 6319.6 | Shambles | ||||||||
| 10:51:07PM | GERMANY | 14031.51 | |||||||||
| 10:53:23PM | US500 | 3973.52 | ‘cess | ||||||||
| 10:55:13PM | DOW | 32118.2 | ‘cess | ||||||||
| 10:57:32PM | NASDAQ | 11885 | 11766 | 11704 | 11594 | 11891 | 11954 | 12042 | 12198 | 11881 | ‘cess |
| 10:59:32PM | JAPAN | 26748 | 26481 | 26437 | 26204 | 26637 | 26879 | 26979 | 27145 | 26651 | Shambles |
25/05/2022 FTSE Closed at 7522 points. Change of 0.51%. Total value traded through LSE was: £ 6,164,105,326 a change of -26.57%
24/05/2022 FTSE Closed at 7484 points. Change of -0.39%. Total value traded through LSE was: £ 8,394,166,006 a change of 28.44%
23/05/2022 FTSE Closed at 7513 points. Change of 1.68%. Total value traded through LSE was: £ 6,535,271,427 a change of -11.05%
20/05/2022 FTSE Closed at 7389 points. Change of 1.19%. Total value traded through LSE was: £ 7,347,493,432 a change of 4.36%
19/05/2022 FTSE Closed at 7302 points. Change of -1.83%. Total value traded through LSE was: £ 7,040,483,001 a change of 0.49%
18/05/2022 FTSE Closed at 7438 points. Change of -1.06%. Total value traded through LSE was: £ 7,006,146,182 a change of 17.44%
17/05/2022 FTSE Closed at 7518 points. Change of 0.72%. Total value traded through LSE was: £ 5,965,741,785 a change of -1.9%
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:AML Aston Martin** **LSE:AV. Aviva** **LSE:BARC Barclays** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:FGP Firstgroup** **LSE:GKP Gulf Keystone** **LSE:HIK Hikma** **LSE:IPF International Personal Finance** **LSE:ITRK Intertek** **LSE:MKS Marks and Spencer** **LSE:RR. Rolls Royce** **LSE:SDY Speedyhire** **LSE:STAN Standard Chartered** **LSE:TRN The Trainline** **
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Updated charts published on : Aston Martin, Aviva, Barclays, British Telecom, Cellular Goods, Carnival, Firstgroup, Gulf Keystone, Hikma, International Personal Finance, Intertek, Marks and Spencer, Rolls Royce, Speedyhire, Standard Chartered, The Trainline,
LSE:AML Aston Martin Close Mid-Price: 614 Percentage Change: -2.04% Day High: 634.8 Day Low: 591.6
If Aston Martin experiences continued weakness below 590, it will invariab ……..
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View Previous Aston Martin & Big Picture ***
LSE:AV. Aviva. Close Mid-Price: 434.8 Percentage Change: + 1.42% Day High: 439.8 Day Low: 428.5
Target Met. In the event of Aviva enjoying further trades beyond 441, the ……..
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View Previous Aviva & Big Picture ***
LSE:BARC Barclays. Close Mid-Price: 163.88 Percentage Change: + 0.68% Day High: 164.78 Day Low: 162.06
Target Met or near enough for another update! Finally something positive ……..
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View Previous Barclays & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 427.85 Percentage Change: + 1.00% Day High: 431.1 Day Low: 424.2
Continued trades against BP. with a mid-price ABOVE 432 should improve the ……..
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View Previous BP PLC & Big Picture ***
LSE:BT.A British Telecom Close Mid-Price: 189.9 Percentage Change: -0.34% Day High: 193.2 Day Low: 187.7
All British Telecom needs are mid-price trades ABOVE 194 to improve accele ……..
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View Previous British Telecom & Big Picture ***
LSE:CBX Cellular Goods. Close Mid-Price: 1.8 Percentage Change: + 2.86% Day High: 1.88 Day Low: 1.75
This is making early signs of bouncing as above 1.88 now suggests recovery ……..
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View Previous Cellular Goods & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 884.4 Percentage Change: + 1.42% Day High: 900.4 Day Low: 846.4
Weakness on Carnival below 846 will invariably lead to 827 with secondary ……..
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View Previous Carnival & Big Picture ***
LSE:FGP Firstgroup. Close Mid-Price: 119.4 Percentage Change: + 3.20% Day High: 119.4 Day Low: 114.2
All Firstgroup needs are mid-price trades ABOVE 120 to improve acceleratio ……..
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View Previous Firstgroup & Big Picture ***
LSE:GKP Gulf Keystone. Close Mid-Price: 284 Percentage Change: + 5.19% Day High: 297 Day Low: 278
Target Met. Now above 297 suggests ongoing traffic to an initial 305p. If ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:HIK Hikma Close Mid-Price: 1676.5 Percentage Change: -0.80% Day High: 1702 Day Low: 1631.5
Now below 1631 suggests 1571 next with secondary, if broken, at 1504 and h ……..
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View Previous Hikma & Big Picture ***
LSE:IPF International Personal Finance Close Mid-Price: 83.6 Percentage Change: -7.42% Day High: 92.3 Day Low: 81
Target Met. Weakness on International Personal Finance below 81 will invar ……..
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View Previous International Personal Finance & Big Picture ***
LSE:ITRK Intertek. Close Mid-Price: 4682 Percentage Change: + 1.52% Day High: 4671 Day Low: 4587
This is not happy as below 4587 now suggests weakness coming to an initial ……..
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View Previous Intertek & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 138.65 Percentage Change: + 4.84% Day High: 138.15 Day Low: 127.35
Target Met or near enough for a bounce, hopefully. Now above 139 should br ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 83.52 Percentage Change: + 4.30% Day High: 83.26 Day Low: 80.18
This is maybe shuffling into position, needing above 85 to trigger a usele ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SDY Speedyhire. Close Mid-Price: 44.95 Percentage Change: + 0.33% Day High: 45.2 Day Low: 44.05
Weakness on Speedyhire below 44 will invariably lead to 43 with secondary ……..
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View Previous Speedyhire & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 617.6 Percentage Change: + 0.32% Day High: 622.2 Day Low: 609.4
Further movement against Standard Chartered ABOVE 623 should improve accel ……..
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View Previous Standard Chartered & Big Picture ***
LSE:TRN The Trainline. Close Mid-Price: 306 Percentage Change: + 3.59% Day High: 310.1 Day Low: 297.2
This is still interesting as above 311 calculates with the potential of an ……..
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View Previous The Trainline & Big Picture ***