Natwest and Moaning about Monday…

#Brent #Dax

We’re starting to think there’s something seriously wrong with the UK. Newspaper headlines make daily drama’s about the incompetence of our airports, the inability of the government to actually govern, but never talk about our Toyota SUV. It failed its MoT a month ago, needing a prop-shaft. The garage reported a fairly major issue.

 

Toyota were unable to say if they’d be able to supply one THIS YEAR, apparently an unexpected consequence of Brexit. This particular component was designed as “sealed for life” with Toyota believing, quite reasonably, it would last forever. Unfortunately, living in a stormy environment with the sea literally just across the road, our part of Scotland continually highlights flaws in manufacture. Sometimes it’s just the hinges of a garden gate falling apart, other times it’s the discovery our letter box has worn out, and I’ve still no idea where our fledging hydro electric generator eventually found itself, after our garden stream decided to “man up” following severe rainfall.

We’re used to things falling apart, we are not used to being unable to replace them! The prospect of having an expensive vehicle parked at the garage for months, awaiting parts, was quite worrying. This concern was further enhanced, the mechanic pointing to a row of dusty vehicles, all MoT failures, all awaiting parts from Europe and Japan. UK regulations ensure they can’t be driven as they’re officially unsafe and illegal on the road. Brexit is being blamed but, thinking about it, perhaps this is a consequence of the gap in the supply chain, the two year hole in time during the pandemic. It’s maybe the case in the UK, we’ve hit a perfect storm of excuses and it’s simply going to be a matter of patience.

Thankfully, a family member runs a specialist motor-sport engineering shop and offered to take a look at the Toyota prop-shaft. After a couple of days and a few hundred pounds, he rebuilt it and the car is now back on the road. Needless to say, he’s now contacting MoT garages to offer his services. An interesting codicil to this story, Toyota wanted £1,400 plus VAT for a replacement shaft!

 

However, the point from the foregoing is quite worrying. Something is distinctly wrong in the UK, prices are being driven up, stock markets are behaving quite badly, and rather than enjoy our usual optimistic attitude, we’re increasingly worried as to what to expect during the rest of this year. Worse, it’s not just the UK stock market behaving quite poorly, similar misbehaviour is being noted worldwide and the current loss of confidence in Bitcoin, recently thought of as a “safe haven”, is most emphatically not a UK problem.

 

With this seasoning of anxiety, we’ve some real concerns for the future of Natwest Group share price. Currently, below 215p risks triggering some reversal to an initial 201p. Such a target quite neatly matches the Red uptrend since 2020 and will hopefully provide sufficient excuse for some sort of bounce. However, should 201p break, our secondary calculates at 180p. This secondary ambition creates a painful visual problem, taking the share price below Red and into a zone where our third level drop target introduces itself at 116p.

We’d like to describe this third level as “ridiculous”, were it not for the unpleasant reality of it matching the lows of 2020.

If something is indeed “wrong” in the UK and we’re about to face some unpleasant market retreats, Natwest at 116p would certainly produce an excellent level from which to hope for a future rebound. Currently the share price requires exceed 235p to once again bring hope to the table as it’s easy to imagine a cycle to 270 and beyond commencing.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
9:36:32PM BRENT 111.86 110 109.74 105.57 112.2 113.3 114.59 116.08 111.3
9:38:32PM GOLD 1840.33 1836
9:49:24PM FTSE 7006.19 7085
9:51:33PM FRANCE 5889.2 5920
9:53:22PM GERMANY 13166.88 12997 12905 12794 13136 13240 13285 13363 13140
9:54:41PM US500 3671 3665
10:12:30PM DOW 29870 29977
10:14:02PM NASDAQ 11262 11235
10:15:41PM JAPAN 26010 25945
17/06/2022 FTSE Closed at 7016 points. Change of -0.4%. Total value traded through LSE was: £ 12,344,389,846 a change of 36.38%
16/06/2022 FTSE Closed at 7044 points. Change of -3.15%. Total value traded through LSE was: £ 9,051,276,874 a change of 32.71%
15/06/2022 FTSE Closed at 7273 points. Change of 1.2%. Total value traded through LSE was: £ 6,820,318,073 a change of -14.4%
14/06/2022 FTSE Closed at 7187 points. Change of -0.25%. Total value traded through LSE was: £ 7,967,426,420 a change of 8.5%
13/06/2022 FTSE Closed at 7205 points. Change of -1.53%. Total value traded through LSE was: £ 7,343,380,444 a change of 22%
10/06/2022 FTSE Closed at 7317 points. Change of -2.13%. Total value traded through LSE was: £ 6,019,204,674 a change of -10.01%
9/06/2022 FTSE Closed at 7476 points. Change of -1.54%. Total value traded through LSE was: £ 6,688,998,845 a change of -1.03%

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:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:DARK Darktrace Plc** **LSE:DDDD 4D Pharma** **LSE:FOXT Foxtons** **LSE:HUR Hurrican Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:LLOY Lloyds Grp.** **LSE:NG. National Glib** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Avacta, Cellular Goods, Carnival, Darktrace Plc, 4D Pharma, Foxtons, Hurrican Energy, Intercontinental Hotels Group, Lloyds Grp., National Glib, Zoo Digital,

LSE:AVCT Avacta Close Mid-Price: 97.5 Percentage Change: -4.88% Day High: 103.5 Day Low: 94

Target met. In the event Avacta experiences weakness below 94 it calculat ……..

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LSE:CBX Cellular Goods Close Mid-Price: 1.4 Percentage Change: -3.45% Day High: 1.45 Day Low: 1.4

Weakness on Cellular Goods below 1.4 will invariably lead to 0.8 with se ……..

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LSE:CCL Carnival. Close Mid-Price: 674.8 Percentage Change: + 3.05% Day High: 680.8 Day Low: 641

Weakness on Carnival below 641 will invariably lead to 560 with secondary ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 324.4 Percentage Change: + 2.08% Day High: 326.5 Day Low: 288.8

If Darktrace Plc experiences continued weakness below 288.8, it will inva ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 23.3 Percentage Change: -2.10% Day High: 26.55 Day Low: 23

Continued weakness against DDDD taking the price below 23 calculates as l ……..

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LSE:FOXT Foxtons Close Mid-Price: 34.6 Percentage Change: -2.26% Day High: 35.75 Day Low: 34

In the event Foxtons experiences weakness below 34 it calculates with a d ……..

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LSE:HUR Hurrican Energy Close Mid-Price: 6.3 Percentage Change: -11.27% Day High: 7.32 Day Low: 6.39

In the event Hurrican Energy experiences weakness below 6.39 it calculate ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4252 Percentage Change: + 0.33% Day High: 4352 Day Low: 4226

Weakness on Intercontinental Hotels Group below 4226 will invariably lead ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 42.26 Percentage Change: + 0.05% Day High: 43.28 Day Low: 41.97

In the event Lloyds Grp. experiences weakness below 41.97 it calculates w ……..

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LSE:NG. National Glib Close Mid-Price: 1033.5 Percentage Change: -0.96% Day High: 1052.5 Day Low: 1032.5

If National Glib experiences continued weakness below 1032.5, it will inv ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 102.5 Percentage Change: -0.97% Day High: 102.5 Day Low: 102.5

Continued weakness against ZOO taking the price below 102.5 calculates as ……..

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

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