#Brent #CAC40
(LSE:BARC) When we previously reviewed #Barclays, we’d a thing about 140p, giving grave warnings should such a level break. Thankfully, the share price has avoided such a trigger level like a politician avoiding the truth, carefully skirting around it. Hopefully this is final confirmation some residual value is seen in the bank share price, despite its horrific behaviour since dinosaurs ruled the earth.
This, of course, logically brings us to ‘Jurassic World Dominion’, due in UK cinemas this week. A neighbour is visiting Los Angeles and blagged his way into a special early screening last week. His take appears quite straightforward, deeming it worth going to a cinema to see as the original gang are back together again. Perhaps this, coupled with another few recent major titles, shall contribute to cinema chain share prices showing some solid recovery.
Barclays share price is certainly showing potentials, almost presenting itself as pretty close to a sure thing. Of course, given we are discussing a retail bank and thus, it must be remembered there’s no such thing as a “sure thing” where a UK bank is concerned. It was amusing reading some notes on profitability, realising the 3rd most profitable part of Barclays is based in Luxemburg, an office with just 54 staff members and potentially a branch where income is legally diverted to avoid paying UK taxes. The story had a certain whiff of the bank taking careful aim at their own share price, once again!
For now, above 174p should trigger confident price movement to an initial 188p with secondary, if exceeded, now calculating at 204p. To spoil such a party, the share needs break below 161p as this would utterly foul our calculations.
Hopefully, movement to our 188p target level comes quicker than the August Bank Holiday which currently feels like a very distant hope.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 6:18:19PM | BRENT | 120.51 | 115.59 | 114.94 | 112.92 | 117.13 | 120.9 | 121.32 | 123.99 | 118.6 |
| 6:20:38PM | GOLD | 1851 | ||||||||
| 6:34:57PM | FTSE | 7567 | ||||||||
| 7:14:40PM | FRANCE | 6486 | 6470 | 6456 | 6424 | 6497 | 6552 | 6564 | 6619 | 6522 |
| 7:16:46PM | GERMANY | 14495 | ||||||||
| 7:41:41PM | US500 | 4108 | ||||||||
| 7:43:26PM | DOW | 32896 | ||||||||
| 7:46:49PM | NASDAQ | 12548 | ||||||||
| 7:48:22PM | JAPAN | 27561 |
1/06/2022 FTSE Closed at 7532 points. Change of -0.99%. Total value traded through LSE was: £ 5,845,714,503 a change of -53.49%
31/05/2022 FTSE Closed at 7607 points. Change of 0.09%. Total value traded through LSE was: £ 12,568,637,540 a change of 132.45%
30/05/2022 FTSE Closed at 7600 points. Change of 0.2%. Total value traded through LSE was: £ 5,407,099,048 a change of 2.21%
27/05/2022 FTSE Closed at 7585 points. Change of 0.28%. Total value traded through LSE was: £ 5,290,006,868 a change of -11.27%
26/05/2022 FTSE Closed at 7564 points. Change of 0.56%. Total value traded through LSE was: £ 5,961,976,188 a change of -3.28%
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%
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:BLOE Block Energy PLC** **LSE:BLVN Bowleven** **LSE:CBX Cellular Goods** **LSE:DGE Diageo** **LSE:HUR Hurrican Energy** **LSE:IGAS Igas Energy** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **
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Updated charts published on : Block Energy PLC, Bowleven, Cellular Goods, Diageo, Hurrican Energy, Igas Energy, Serco, Standard Chartered,
LSE:BLOE Block Energy PLC. Close Mid-Price: 1.62 Percentage Change: + 16.07% Day High: 1.62 Day Low: 1.4
Further movement against Block Energy PLC ABOVE 1.62 should improve accel ……..
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View Previous Block Energy PLC & Big Picture ***
LSE:BLVN Bowleven. Close Mid-Price: 2.5 Percentage Change: + 0.00% Day High: 2.5 Day Low: 2.38
Weakness on Bowleven below 2.38 will invariably lead to 1.5 with secondar ……..
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View Previous Bowleven & Big Picture ***
LSE:CBX Cellular Goods. Close Mid-Price: 1.95 Percentage Change: + 5.41% Day High: 1.95 Day Low: 1.85
All Cellular Goods needs are mid-price trades ABOVE 1.95 to improve accel ……..
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View Previous Cellular Goods & Big Picture ***
LSE:DGE Diageo Close Mid-Price: 3622 Percentage Change: -1.44% Day High: 3731.5 Day Low: 3621.5
In the event of Diageo enjoying further trades beyond 3731.5, the share s ……..
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View Previous Diageo & Big Picture ***
LSE:HUR Hurrican Energy Close Mid-Price: 7.76 Percentage Change: -2.51% Day High: 7.9 Day Low: 7.61
In the event Hurrican Energy experiences weakness below 7.61 it calculate ……..
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View Previous Hurrican Energy & Big Picture ***
LSE:IGAS Igas Energy Close Mid-Price: 26.8 Percentage Change: -3.94% Day High: 28.7 Day Low: 26
Weakness on Igas Energy below 26 will invariably lead to 25 with secondar ……..
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View Previous Igas Energy & Big Picture ***
LSE:SRP Serco. Close Mid-Price: 178.9 Percentage Change: + 1.53% Day High: 181.5 Day Low: 177.3
Target met. All Serco needs are mid-price trades ABOVE 181.5 to improve a ……..
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View Previous Serco & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 632.8 Percentage Change: + 0.48% Day High: 640.2 Day Low: 631.8
Continued trades against STAN with a mid-price ABOVE 640.2 should improve ……..
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View Previous Standard Chartered & Big Picture ***