#Gold #Nasdaq
Our weekly trawl through European shares was made easy, when an respected analyst decided to start the week with a 12.5 Euro target for E.On. We’ve hesitated a few times recently, when considering running an analysis as the visuals were not great. Now, we’re wondering if someone at JPMC has rose tinted glasses! If so, there’s probably a job waiting for them at 10 Downing St.
Energy giant E.On, trading in 13 countries across Europe and over 30 worldwide, appear to be trying hardest in the renewable sector. Unfortunately, a glance through Google News reveals customer service remains a particular sector the company fail to excel in, quite the opposite it seems as they were recently ranked in the bottom four suppliers due to their treatment of consumers.
Their share price, doubtless due to the Russia things, now appears to be setting itself up for some dramatics, taking aim at a direction quite the opposite of that mooted by the respected analyst.
Presently trading around the 8€ level, weakness now below 7.7 looks very capable of promoting reversal down to an initial 7.3€, along with slight hope of a short lived bounce. However, should 7.3 break, our secondary calculates at 6.6, matching the lows from 5 years ago, and doubtless causing a proper rebound, if only due to the number of folk glancing at a chart.
We do have a cautionary note, should 6.6€ break as we can work out an “ultimate bottom” level down at 5.5€, a level at which the price almost must recoil.
We’re lacking in confidence any rebound shall enjoy sufficient force to reach JPMC’s target of 12.5€
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:41:10PM | BRENT | 98.76 | |||||||||
| 10:44:18PM | GOLD | 1739.52 | 1731 | 1726 | 1700 | 1772 | 1771 | 1785 | 1803 | 1759 | Success |
| 10:47:06PM | FTSE | 7158.75 | Success | ||||||||
| 10:48:41PM | STOX50 | 3027.9 | |||||||||
| 10:51:11PM | GERMANY | 12686 | ‘cess | ||||||||
| 10:54:20PM | US500 | 3851 | ‘cess | ||||||||
| 10:55:59PM | DOW | 31079 | |||||||||
| 10:58:41PM | NASDAQ | 11885.85 | 11695 | 11611 | 11500 | 11797 | 11945 | 12003 | 12111 | 11765 | ‘cess |
| 11:01:00PM | JAPAN | 26265 |
6/07/2022 FTSE Closed at 7107 points. Change of 1.17%. Total value traded through LSE was: £ 6,153,962,952 a change of -14.34%
5/07/2022 FTSE Closed at 7025 points. Change of -2.86%. Total value traded through LSE was: £ 7,184,234,461 a change of 102.6%
4/07/2022 FTSE Closed at 7232 points. Change of 0.64%. Total value traded through LSE was: £ 3,546,030,521 a change of -26.75%
1/07/2022 FTSE Closed at 7186 points. Change of 0.24%. Total value traded through LSE was: £ 4,840,883,193 a change of -20.03%
30/06/2022 FTSE Closed at 7169 points. Change of -1.96%. Total value traded through LSE was: £ 6,053,180,020 a change of 8.35%
29/06/2022 FTSE Closed at 7312 points. Change of -0.15%. Total value traded through LSE was: £ 5,586,821,429 a change of -8.41%
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%
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:ASC Asos** **LSE:AZN Astrazeneca** **LSE:BBY BALFOUR BEATTY** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:GENL Genel** **LSE:LLOY Lloyds Grp.** **LSE:OPG OPG Power Ventures** **LSE:PMG Parkmead** **LSE:SDY Speedyhire** **LSE:SPX Spirax** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **LSE:TRN The Trainline** **
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Updated charts published on : Asos, Astrazeneca, BALFOUR BEATTY, BP PLC, British Telecom, Genel, Lloyds Grp., OPG Power Ventures, Parkmead, Speedyhire, Spirax, Tern Plc, Tullow, The Trainline,
LSE:ASC Asos. Close Mid-Price: 909 Percentage Change: + 1.39% Day High: 928.5 Day Low: 896.5
Above 930 looks capable of a lift to 992 with secondary, if bettered, at 1 ……..
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View Previous Asos & Big Picture ***
LSE:AZN Astrazeneca. Close Mid-Price: 10978 Percentage Change: + 1.65% Day High: 11092 Day Low: 10880
Further movement against Astrazeneca ABOVE 11092 should improve accelerati ……..
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View Previous Astrazeneca & Big Picture ***
LSE:BBY BALFOUR BEATTY. Close Mid-Price: 253.4 Percentage Change: + 0.64% Day High: 257 Day Low: 251.8
Further movement against BALFOUR BEATTY ABOVE 258 should improve accelerat ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:BP. BP PLC Close Mid-Price: 368.65 Percentage Change: -1.25% Day High: 387.7 Day Low: 365.3
This has gotten nasty as below 365 now suggests drilling down to an initia ……..
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View Previous BP PLC & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 189.2 Percentage Change: + 0.03% Day High: 196.3 Day Low: 189.85
All British Telecom needs are mid-price trades ABOVE 197 to improve accele ……..
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View Previous British Telecom & Big Picture ***
LSE:GENL Genel Close Mid-Price: 122 Percentage Change: -4.84% Day High: 131 Day Low: 122.4
A fairly major update appears justified. If Genel experiences continued we ……..
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View Previous Genel & Big Picture ***
LSE:LLOY Lloyds Grp. Close Mid-Price: 41.3 Percentage Change: -0.15% Day High: 42.27 Day Low: 41.09
With some slight changes, it now looks like weakness below 41 shall attemp ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:OPG OPG Power Ventures Close Mid-Price: 5.8 Percentage Change: -1.36% Day High: 6.05 Day Low: 5.76
If OPG Power Ventures experiences continued weakness below 5.76, it will i ……..
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View Previous OPG Power Ventures & Big Picture ***
LSE:PMG Parkmead. Close Mid-Price: 43.95 Percentage Change: + 2.93% Day High: 54 Day Low: 43.5
The opening second produced a true “wait, what!” moment but now, below 43. ……..
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View Previous Parkmead & Big Picture ***
LSE:SDY Speedyhire. Close Mid-Price: 42.2 Percentage Change: + 1.08% Day High: 42.65 Day Low: 42.05
If Speedyhire experiences continued weakness below 42., it will invariabl ……..
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View Previous Speedyhire & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 10615 Percentage Change: + 2.86% Day High: 10705 Day Low: 10375
All Spirax needs are mid-price trades ABOVE 10705 to continue acceleration ……..
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View Previous Spirax & Big Picture ***
LSE:TERN Tern Plc Close Mid-Price: 10.5 Percentage Change: -2.33% Day High: 11 Day Low: 9.9
Ongoing weakness below 9.9 continues to point at reversal to an initial 8. ……..
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View Previous Tern Plc & Big Picture ***
LSE:TLW Tullow Close Mid-Price: 39.66 Percentage Change: -6.20% Day High: 43.2 Day Low: 39.62
Weakness on Tullow below 39 will invariably lead to 37 with secondary, if ……..
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View Previous Tullow & Big Picture ***
LSE:TRN The Trainline. Close Mid-Price: 340 Percentage Change: + 20.61% Day High: 361.8 Day Low: 305.8
Wonder if this is doing well, due to the number of folk leaving Downing St ……..
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View Previous The Trainline & Big Picture ***