#Gold #Nasdaq
There will always be a warm spot in my memory for Norwich Union, one of the companies who formed the giant Aviva Plc. Once upon a time, insurance companies issued something called ‘Cover Notes’, essential to prove you’d insurance and thus, able to buy road tax. As a teenager riding a motorcycle in the 1980’s, insurance was a pesky nuisance and worse, the police would often (correctly) assume a scruffy BSA with an out of date tax disc was also not insured, nor probably MoT’d. The MoT was never an issue as only an idiot rides a motorcycle which isn’t roadworthy, road tax was dirt cheap, but insurance could prove quite expensive.
But one day, a miracle was discovered while visiting the local dump (aka, now called a civic amenity site), a weekly forage to search for any old British motorcycles being thrown away. In the ‘trailers only’ part of the dump, among the usual tranche of 1970’s furniture, Honda 50’s, and loads of filing cabinets was an instantly familiar book. It was a Norwich Union book of cover notes, spilled out of a filing cabinet which had clearly belonged to an insurance brokers. Conveniently, there was also a company stamp and ink pad. Abruptly, our little gang of highschool motorcyclists had resolved an issue, essentially ensuring each could ride their machine to school rather than going pillion with each other!
From memory, the cost of insurance for my leaky 1949 AJS 500 single (yes, I know what they’re now worth) was just under £30 per annum. And as every 17 year old knows, that £30 could be put to better uses than a sneaky government mandated tax to use the roads. Through high school to the first week of university, that Norwich Union book may have proved essential but I’d decided luck could only last so long and thus, bought real insurance for the AJS when I started Uni. On Friday of week nothing, a Ford Escort ran into me, literally directly in front of two motorcycle cops who were pretending to admire my mobile oil slick. The Brain of Britain driving the car continued going, somehow assuming she’d escape the consequences.
Discretely, that night, I burnt the remainder of that Norwich Union book of cover notes. My real insurance was, inevitably, with Norwich Union, then the prime UK motorcycle insurer.
None of this is why we’re inclined to look kindly on Aviva’s share price. Instead, it’s possible something quite remarkable has happened, the share price finally closing above the downtrend which dates back to 2007. Visually, we suspect it shall prove quite a big deal, creating a “Big Picture” situation where ongoing traffic above 474p should create a situation with longer term movement to an initial 538p looking like a confident proposition. In the more distant future, we can even calculate a distant 644p as an extremely viable ambition. About the only fly in the ointment is the value of a potential stop loss, if anyone intends take a ‘fire and forget’ stance.
The visuals indicate the price need only fall below 450p to scupper our calculations, an agreeably tight stop loss level given the potential gains and thus, one we’re inclined to distrust. It’s entirely possible the Red line on the chart below may represent a saner “stop” level, this presently at 397p.
Below Red certainly should ring alarm bells, calculating with the risk of reversals to an initial 340p with secondary, if broken, at 295p. But for now, our thoughts lean toward a happier future for Aviva.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:31:02PM | BRENT | 93.23 | Success | ||||||||
| 11:32:59PM | GOLD | 1779.59 | 1775 | 1771 | 1759 | 1786 | 1788 | 1793 | 1800 | 1783 | Success |
| 11:37:06PM | FTSE | 7530.85 | |||||||||
| 11:38:47PM | STOX50 | 3806.7 | |||||||||
| 11:41:51PM | GERMANY | 13853 | |||||||||
| 11:43:57PM | US500 | 4291.97 | ‘cess | ||||||||
| 11:49:12PM | DOW | 33875 | Success | ||||||||
| 11:51:01PM | NASDAQ | 13653 | 13477 | 13440 | 13358 | 13547 | 13686 | 13701 | 13848 | 13568 | ‘cess |
| 11:53:28PM | JAPAN | 28868 | ‘cess |
15/08/2022 FTSE Closed at 7509 points. Change of 0.12%. Total value traded through LSE was: £ 3,827,179,402 a change of -9.76%
12/08/2022 FTSE Closed at 7500 points. Change of 0.47%. Total value traded through LSE was: £ 4,240,976,226 a change of -17.45%
11/08/2022 FTSE Closed at 7465 points. Change of -0.56%. Total value traded through LSE was: £ 5,137,633,275 a change of -1.15%
10/08/2022 FTSE Closed at 7507 points. Change of 0.25%. Total value traded through LSE was: £ 5,197,338,086 a change of -9.09%
9/08/2022 FTSE Closed at 7488 points. Change of 0.08%. Total value traded through LSE was: £ 5,716,882,880 a change of 22.59%
8/08/2022 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 4,663,235,289 a change of 8.84%
5/08/2022 FTSE Closed at 7439 points. Change of -0.12%. Total value traded through LSE was: £ 4,284,416,444 a change of -24.22%
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:AFC AFC Energy** **LSE:BBY BALFOUR BEATTY** **LSE:CASP Caspian** **LSE:ECO ECO (Atlantic) O & G** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:NG. National Glib** **
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Updated charts published on : AFC Energy, BALFOUR BEATTY, Caspian, ECO (Atlantic) O & G, Igas Energy, IG Group, ITM Power, National Glib,
LSE:AFC AFC Energy. Close Mid-Price: 33.22 Percentage Change: + 6.89% Day High: 33.28 Day Low: 32.02
In the event of AFC Energy enjoying further trades beyond 33.28, the shar ……..
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View Previous AFC Energy & Big Picture ***
LSE:BBY BALFOUR BEATTY. Close Mid-Price: 286.4 Percentage Change: + 0.00% Day High: 289 Day Low: 285.2
Further movement against BALFOUR BEATTY ABOVE 289 should improve accelera ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:CASP Caspian. Close Mid-Price: 3.3 Percentage Change: + 8.20% Day High: 3.33 Day Low: 2.95
Continued weakness against CASP taking the price below 2.95 calculates as ……..
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View Previous Caspian & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 32.5 Percentage Change: + 4.84% Day High: 32.5 Day Low: 31.25
In the event of ECO (Atlantic) O & G enjoying further trades beyond 32.5, ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:IGAS Igas Energy. Close Mid-Price: 84 Percentage Change: + 13.21% Day High: 89 Day Low: 76
Target met. Continued trades against IGAS with a mid-price ABOVE 89 shoul ……..
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View Previous Igas Energy & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 847.5 Percentage Change: + 0.65% Day High: 847 Day Low: 833
Target met. In the event of IG Group enjoying further trades beyond 847, ……..
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View Previous IG Group & Big Picture ***
LSE:ITM ITM Power. Close Mid-Price: 250.4 Percentage Change: + 4.33% Day High: 251.6 Day Low: 237.5
All ITM Power needs are mid-price trades ABOVE 251.6 to improve accelerat ……..
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View Previous ITM Power & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 1151.5 Percentage Change: + 1.05% Day High: 1160 Day Low: 1143.5
Continued trades against NG. with a mid-price ABOVE 1160 should improve t ……..
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View Previous National Glib & Big Picture ***