#Brent #Stoxx50
The nightmare of the retail banks share price inactivity continues. But it appears to be checked by the Red line on the chart, the uptrend since the Pandemic drop of 2020. The precision employed with recent relaxation currently ensures we should be confident weakness below 145.51p shall provide early warning of coming calamity.
Below 145.5p looks very capable of promoting share price reversal down to an initial 138p with secondary, if broken, at 131p or so. This secondary level looks to have the potential of provoking a bounce but unfortunately, a few of the recent trading caps force us to admit our 131p calculation is a bit woolly, insofar as the price could also hit 128p.
What is very strange has been the discipline of price movements since the start of June, the share being extremely carefully marched down the Blue downtrend. Generally, when this sort of nonsense occurs any recovery tends be quite sharp and fast. The fact “they’ve” proven so methodical about Barclays reversal is a concern as generally there’s never any certainty a trend line shall provoke a bounce. But there is a feeling the market has backed themselves into a corner here, Barclays now needing trade above just 153.5p to allegedly trigger surprise recovery to an initial 167p with secondary, if bettered, calculating at a theoretical 177p.
We’re a touch cynical about the secondary potential, given it exceeds the recent June high and visually promises great things for the future. Unless the bank share actually manages to close above 177p, we shall be inclined to stay close to the air conditioning and remain fairly cool on its prospects.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 8:52:33PM | BRENT | 98.55 | 96.09 | 95.47 | 93.83 | 98.75 | 100.39 | 101.44 | 104.33 | 98.38 | Success |
| 8:55:46PM | GOLD | 1708.11 | |||||||||
| 8:58:16PM | FTSE | 7178 | Success | ||||||||
| 9:13:02PM | STOX50 | 3483 | 3420 | 3409 | 3384 | 3454 | 3484 | 3502 | 3526 | 3460 | Success |
| 9:15:24PM | GERMANY | 12878 | Success | ||||||||
| 9:16:52PM | US500 | 3862 | Success | ||||||||
| 9:18:47PM | DOW | 31269 | Success | ||||||||
| 9:21:40PM | NASDAQ | 11978 | Success | ||||||||
| 9:23:45PM | JAPAN | 26985 | Success |
15/07/2022 FTSE Closed at 7159 points. Change of 1.7%. Total value traded through LSE was: £ 5,613,237,251 a change of -3.92%
14/07/2022 FTSE Closed at 7039 points. Change of -1.63%. Total value traded through LSE was: £ 5,842,341,415 a change of 1.71%
13/07/2022 FTSE Closed at 7156 points. Change of -0.74%. Total value traded through LSE was: £ 5,744,207,139 a change of 25.49%
12/07/2022 FTSE Closed at 7209 points. Change of 0.18%. Total value traded through LSE was: £ 4,577,434,257 a change of 19.25%
11/07/2022 FTSE Closed at 7196 points. Change of 0%. Total value traded through LSE was: £ 3,838,648,394 a change of -17.76%
8/07/2022 FTSE Closed at 7196 points. Change of 0.1%. Total value traded through LSE was: £ 4,667,898,504 a change of -40.47%
7/07/2022 FTSE Closed at 7189 points. Change of 1.15%. Total value traded through LSE was: £ 7,840,836,272 a change of 27.41%
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:AML Aston Martin** **LSE:BT.A British Telecom** **LSE:EXPN Experian** **LSE:GLEN Glencore Xstra** **LSE:JET Just Eat** **LSE:PMG Parkmead** **LSE:QFI Quadrise** **LSE:RR. Rolls Royce** **
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Updated charts published on : Aston Martin, British Telecom, Experian, Glencore Xstra, Just Eat, Parkmead, Quadrise, Rolls Royce,
LSE:AML Aston Martin. Close Mid-Price: 459.3 Percentage Change: + 23.70% Day High: 474.3 Day Low: 354
Target Met. But this got complex. It almost looks like someone noticed the ……..
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View Previous Aston Martin & Big Picture ***
LSE:BT.A British Telecom Close Mid-Price: 175.65 Percentage Change: -7.65% Day High: 192.95 Day Low: 174.55
If British Telecom experiences continued weakness below 174.55, it will i ……..
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View Previous British Telecom & Big Picture ***
LSE:EXPN Experian. Close Mid-Price: 2748 Percentage Change: + 3.27% Day High: 2766 Day Low: 2661
All Experian needs are mid-price trades ABOVE 2766 to improve acceleratio ……..
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View Previous Experian & Big Picture ***
LSE:GLEN Glencore Xstra. Close Mid-Price: 406.85 Percentage Change: + 1.38% Day High: 409.95 Day Low: 395.4
If Glencore Xstra experiences continued weakness below 395.4, it will inv ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:JET Just Eat Close Mid-Price: 1148.6 Percentage Change: -1.66% Day High: 1170.2 Day Low: 1130
Continued weakness against JET taking the price below 1130 calculates as ……..
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View Previous Just Eat & Big Picture ***
LSE:PMG Parkmead. Close Mid-Price: 56 Percentage Change: + 7.69% Day High: 57 Day Low: 52.8
Continued trades against PMG with a mid-price ABOVE 57 should improve the ……..
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View Previous Parkmead & Big Picture ***
LSE:QFI Quadrise Close Mid-Price: 1.38 Percentage Change: -3.48% Day High: 1.4 Day Low: 1.3
Weakness on Quadrise below 1.3 will invariably lead to 1.23 with secondar ……..
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View Previous Quadrise & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 89.79 Percentage Change: + 5.24% Day High: 90.49 Day Low: 84.9
Continued trades against RR. with a mid-price ABOVE 90.49 should improve ……..
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View Previous Rolls Royce & Big Picture ***