Ranked 7th largest Defence Contractor in the world, the UK’s BAE systems appear to have a share price worth paying attention to. When we previously reviewed Bae Systems in February this year, it was before the Russia/Ukraine event tossed Europe into the current political shambles. Thankfully, all three of our price targets were attained and, with the share price soaring to new all time highs and closing above 805p, it’s time to revisit and once again stir the tea leaves.
This history of BAE is worth a read, the company being the successor to some true greats in aviation and the wider military field. This includes; Hawker Siddeley (the Harrier), de Havilland (the Comet), Supermarine (Spitfire), BAC (Concorde). Added to the mix, a vast range of historical shipbuilding and electronic expertise, ensures there’s nothing like a war to make the company sit up and take notice of their future. It’s easy to be curious where the company will plan on parking their submarines, given Scotland’s intention to hold another independence referendum, one which should not suffer the same degree of jaw dropping fraud as the 2014 effort.
We’ve a little axe to grind on the submarine thing, given we stay just a few minutes away from the largest nuclear weapons dump outside the USA. When the UK’s newest aircraft carrier visited recently and tied up outside the friendly local “Nuclear Shoppe”, it was pretty obvious the closure of roads and restricted access was an attempt to conceal the transfer of some big fireworks. All this hardware is expected to be moved, should Scotland regain its nationhood!
With BAE share price at new levels and now closing above our 3rd level target of 805p (it closed at 826 on Tuesday), the situation now appears to be a potential of movement above just 827p calculating with a potential of 942p next. If exceeded, our secondary is quite fascinating at 1001p. Our interest in the secondary is actually arithmetic. We simply cannot currently calculate any higher! For this reason, we’d anticipate some hesitation at such a level unless the stock market simply opts to start gapping the share price upward to create a new trend.
For those interested in “charty” matters, we’ve painted a Light Blue line on the Big Picture chart, showing an extremely obvious Glass Ceiling which formed for Bae from 2017 onward. For some reason, the stock market was proving reticent about allowing the defence contractor to trade above 684p. At the end of February this year, the market opted to Gap Up above this ceiling level and, the rest is history. It has shown strong growth and we suspect the climbing cycle isn’t over yet.
Bae would need fall below 600p before we’d be forced to take any reversals seriously.
|Time Issued||Market||Price At Issue||Short Entry||Fast Exit||Slow Exit||Stop||Long Entry||Fast Exit||Slow Exit||Stop||Prior|
28/06/2022 FTSE Closed at 7323 points. Change of 0.9%. Total value traded through LSE was: £ 6,100,040,096 a change of -3.89%
27/06/2022 FTSE Closed at 7258 points. Change of 0.69%. Total value traded through LSE was: £ 6,347,029,355 a change of 0.8%
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%
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.
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Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
Click Epic to jump to share: LSE:CNA Centrica** **LSE:CPI Capita** **LSE:HSBA HSBC** **LSE:ODX Omega Diags** **LSE:RR. Rolls Royce** **LSE:VOD Vodafone** **
Updated charts published on : Centrica, Capita, HSBC, Omega Diags, Rolls Royce, Vodafone,
LSE:CNA Centrica. Close Mid-Price: 83.9 Percentage Change: + 2.07% Day High: 86.84 Day Low: 82.78
In the event of Centrica enjoying further trades beyond 86.84, the share ……..
LSE:CPI Capita. Close Mid-Price: 28.24 Percentage Change: + 10.75% Day High: 28.28 Day Low: 26
Further movement against Capita ABOVE 28.28 should improve acceleration t ……..
LSE:HSBA HSBC. Close Mid-Price: 545.8 Percentage Change: + 1.34% Day High: 549.6 Day Low: 538
All HSBC needs are mid-price trades ABOVE 549.6 to improve acceleration t ……..
LSE:ODX Omega Diags. Close Mid-Price: 3.58 Percentage Change: + 10.00% Day High: 3.62 Day Low: 3.25
Now above 3.65 suggests coming oomph to 3.85 with secondary, if beaten, a ……..
LSE:RR. Rolls Royce. Close Mid-Price: 87.14 Percentage Change: + 6.52% Day High: 89.06 Day Low: 82.83
Now above 89.25 looks capable of 94.4 next with secondary, if exceeded, a ……..
LSE:VOD Vodafone. Close Mid-Price: 128.58 Percentage Change: + 1.07% Day High: 129.12 Day Low: 127.38
This is almost looking useful as above 130 now points at 132 next with sec ……..
*** End of “Updated Today” comments on shares.
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