Barclays Plc & a Nasdaq thought

#Brent #DAX On Friday, we piled on the doom & gloom but gave a crucial caveat; “Perhaps the Nasdaq is an early indicator the wildly mooted stock market recession is perhaps not currently scheduled.” It’s interesting to note the Nasdaq has also now produced a pretty classical Lady Gaga moment!

With shares, when a price is Gapped Down below a trend, shortly thereafter the price finding itself Gapped Up above the trend (hence, GaGa), it generally provides a pretty safe and solid indication some strong movement should be anticipated. In the case of the Nasdaq, if we let out all the string in the metaphorical kite, the two circled areas on the chart below allegedly are now suggesting this index intends commence recovery to 14,400 points. Given the media are full of warnings for a coming market crash and recession, we’re now officially puzzled but we cannot ignore Friday producing a 3.5% gain on the Nasdaq! Couple this with the market exhibiting a very deliberate movement to correct a forced drop, things may become quite positive.

Barclays We’re inclined to apply similar recovery logic from the Nasdaq to wider markets, especially as we expressed curiosity relating to last weeks movements and this suspicion proved correct with Fridays surprise movements. Obviously, Russia etc is still going on, the Pandemic still inflicts a headache, and supply chain chaos is on ongoing issue. But far too many positive movements occurred last week, many of which cancelled our Big Picture drop logic.

With Barclays trading at 159p at time of writing, the share price currently need only exceed 162p to suggest the potential of “surprise” movements to an initial 172p with secondary, if bettered, at 186p. Should we opt to apply the Nasdaq model as delineated above, the price could simply keep trundling upward to 203p as a major point of interest.

 

If things intend go pear shaped for Barclays, the price needs below 146p to risk triggering reversals to an initial 133p with secondary, if broken, a hopeful “bottom” at 114p.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
6:56:33PM BRENT 109.43 106.2 105.86 104.22 108.18 110 110.91 112.48 109.3
7:59:35PM GOLD 1827.83
8:02:23PM FTSE 7243
8:17:16PM FRANCE 6127
8:19:39PM GERMANY 13234 12906 12842 12708 13067 13244 13270 13416 13175
8:22:24PM US500 3913.67
8:24:29PM DOW 31509
8:27:09PM NASDAQ 12108
8:37:44PM JAPAN 26884
24/06/2022 FTSE Closed at 7208 points. Change of 2.68%. Total value traded through LSE was: £ 6,296,850,381 a change of 10.86%
23/06/2022 FTSE Closed at 7020 points. Change of -0.97%. Total value traded through LSE was: £ 5,680,077,638 a change of -12.72%
22/06/2022 FTSE Closed at 7089 points. Change of -0.88%. Total value traded through LSE was: £ 6,507,643,698 a change of 40.38%
21/06/2022 FTSE Closed at 7152 points. Change of 0.44%. Total value traded through LSE was: £ 4,635,756,984 a change of -23.37%
20/06/2022 FTSE Closed at 7121 points. Change of 1.5%. Total value traded through LSE was: £ 6,049,529,686 a change of -50.99%
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%

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:AZN Astrazeneca** **LSE:CBX Cellular Goods** **LSE:ECO ECO (Atlantic) O & G** **LSE:EZJ EasyJet** **LSE:GLEN Glencore Xstra** **LSE:SDY Speedyhire** **LSE:TRN The Trainline** **

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Updated charts published on : Astrazeneca, Cellular Goods, ECO (Atlantic) O & G, EasyJet, Glencore Xstra, Speedyhire, The Trainline,

LSE:AZN Astrazeneca. Close Mid-Price: 10776 Percentage Change: + 3.82% Day High: 10792 Day Low: 10422

Further movement against Astrazeneca ABOVE 10792 should improve accelerat ……..

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View Previous Astrazeneca & Big Picture ***

LSE:CBX Cellular Goods Close Mid-Price: 1.23 Percentage Change: -7.55% Day High: 1.32 Day Low: 1.2

Weakness on Cellular Goods below 1.2 will invariably lead to 0.8 with sec ……..

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View Previous Cellular Goods & Big Picture ***

LSE:ECO ECO (Atlantic) O & G Close Mid-Price: 25 Percentage Change: -0.99% Day High: 25.25 Day Low: 24.25

Continued weakness against ECO taking the price below 24.25 calculates as ……..

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View Previous ECO (Atlantic) O & G & Big Picture ***

LSE:EZJ EasyJet Close Mid-Price: 394.9 Percentage Change: -0.88% Day High: 400.2 Day Low: 383.3

In the event EasyJet experiences weakness below 383.3 it calculates with ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 446.25 Percentage Change: + 0.78% Day High: 449.7 Day Low: 431.7

If Glencore Xstra experiences continued weakness below 431.7, it will inv ……..

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View Previous Glencore Xstra & Big Picture ***

LSE:SDY Speedyhire Close Mid-Price: 43 Percentage Change: -1.94% Day High: 43.6 Day Low: 42.8

Continued weakness against SDY taking the price below 42.8 calculates as ……..

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</p

View Previous Speedyhire & Big Picture ***

LSE:TRN The Trainline. Close Mid-Price: 295.6 Percentage Change: + 3.87% Day High: 296.8 Day Low: 276

Weakness on The Trainline below 276 will invariably lead to 257 with seco ……..

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View Previous The Trainline & Big Picture ***

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

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