Barclays

#Brent #Dax

Somewhat half heartedly, Barclays apparently triggered a recovery cycle to the 200p level a couple of weeks ago. Alas, the share price failed to complete the job, failing to close a session above 174p, instead – somewhat spitefully – opting to close at a high of just 173.96p. By 4/100th of a penny, it carefully avoiding committing to a trigger level, an utterly frustrating movement.

This sort of thing would be funny, if it weren’t real people with real money being played with. At least the price shuffle effectively confirmed we’d been following the correct trend, despite the market pushing us to the edge of a temper tantrum. Unfortunately, in the period since, the share price has found itself under threat by wider market influences (aka, interest rates, inflation, Russia).

 

Presently trading around 161.86p, the immediate situation suggests weakness below 160.5p risks triggering reversals to an initial 155.3p with secondary, if broken, at 150p and a very probable bounce. This “threat” of a bounce is further compounded by the present a the Red uptrend since the pandemic low of March 2020. It’s also quite important such a level justifies a bounce, thanks to a very real implication of a further 1/3 drop to an eventual ridiculous looking 100p!

 

There’s a bit of a however, thanks to the current market wide series of reversals all feeling a bit contrived. We harbour a suspicion the series of reversals shall suddenly cease, potentially by the time the FTSE troubles the 6,700 level. Hopefully, this shall tie in quite neatly with Barclays hitting the 150p level.

Amusingly, from a near term perspective, Barclays share price need only exceed 167p to once again give the prospect of a visit to 174p. Closing above this level remains utterly crucial for longer term hope, recovery to 198p with secondary 202p remaining very possible. The close proximity of this pair of targets tends suggest a stumble should be expected around such a level. Visually, this would make sense given the previous highs at the start of this year.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
8:56:48PM BRENT 85.86 84.65 83.75 82.1 85.66 85.92 86.47 87.06 85.24
8:58:36PM GOLD 1644.01 1667
9:01:01PM FTSE 7030.07 7010
9:03:42PM STOX50 3359.2 3347
9:05:38PM GERMANY 12311 12232 12193 12137 12296 12384 12456 12549 12274
9:08:38PM US500 3696 3700
9:12:38PM DOW 29607 29630
9:14:48PM NASDAQ 11317 11414
9:17:46PM JAPAN 26628 26605

 

23/09/2022 FTSE Closed at 7018 points. Change of -1.97%. Total value traded through LSE was: £ 6,473,438,666 a change of 23.11%
22/09/2022 FTSE Closed at 7159 points. Change of -1.08%. Total value traded through LSE was: £ 5,258,363,393 a change of -10.68%
21/09/2022 FTSE Closed at 7237 points. Change of 0.63%. Total value traded through LSE was: £ 5,887,379,129 a change of 9.29%
20/09/2022 FTSE Closed at 7192 points. Change of -0.61%. Total value traded through LSE was: £ 5,386,737,074 a change of -59.64%
16/09/2022 FTSE Closed at 7236 points. Change of -0.63%. Total value traded through LSE was: £ 13,346,961,271 a change of 170.28%
15/09/2022 FTSE Closed at 7282 points. Change of 0.07%. Total value traded through LSE was: £ 4,938,182,265 a change of -14.27%
14/09/2022 FTSE Closed at 7277 points. Change of -1.46%. Total value traded through LSE was: £ 5,760,077,523 a change of 12.58%

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:AML Aston Martin** **LSE:ASC Asos** **LSE:BT.A British Telecom** **LSE:DARK Darktrace Plc** **LSE:EZJ EasyJet** **LSE:GKP Gulf Keystone** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:RMG Royal Mail** **LSE:SPX Spirax** **LSE:TERN Tern Plc** **LSE:TSCO Tesco** **

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Updated charts published on : AFC Energy, Aston Martin, Asos, British Telecom, Darktrace Plc, EasyJet, Gulf Keystone, British Airways, IG Group, Intercontinental Hotels Group, ITM Power, Intertek, ITV, Just Eat, Marks and Spencer, National Glib, Ocado Plc, Oxford Instruments, Primary Health, Royal Mail, Spirax, Tern Plc, Tesco,

LSE:AFC AFC Energy Close Mid-Price: 17.98 Percentage Change: -4.36% Day High: 19.6 Day Low: 17.5

Target met. If AFC Energy experiences continued weakness below 17.5, it w ……..

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View Previous AFC Energy & Big Picture ***

LSE:AML Aston Martin Close Mid-Price: 143.7 Percentage Change: -3.69% Day High: 146 Day Low: 133.25

Weakness on Aston Martin below 133.25 will invariably lead to 132.5 with ……..

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View Previous Aston Martin & Big Picture ***

LSE:ASC Asos Close Mid-Price: 601 Percentage Change: -6.53% Day High: 653.5 Day Low: 602.5

Continued weakness against ASC taking the price below 602.5 calculates as ……..

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View Previous Asos & Big Picture ***

LSE:BT.A British Telecom Close Mid-Price: 129.85 Percentage Change: -3.46% Day High: 135.7 Day Low: 129.15

In the event British Telecom experiences weakness below 129.15 it calcula ……..

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View Previous British Telecom & Big Picture ***

LSE:DARK Darktrace Plc Close Mid-Price: 303.2 Percentage Change: -3.35% Day High: 322.2 Day Low: 297.6

If Darktrace Plc experiences continued weakness below 297.6, it will inva ……..

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View Previous Darktrace Plc & Big Picture ***

LSE:EZJ EasyJet Close Mid-Price: 306.6 Percentage Change: -4.90% Day High: 328.2 Day Low: 304.6

Target met. Weakness on EasyJet below 304.6 will invariably lead to 281 w ……..

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View Previous EasyJet & Big Picture ***

LSE:GKP Gulf Keystone Close Mid-Price: 199.6 Percentage Change: -7.81% Day High: 221 Day Low: 197.8

Continued weakness against GKP taking the price below 197.8 calculates as ……..

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View Previous Gulf Keystone & Big Picture ***

LSE:IAG British Airways Close Mid-Price: 100.32 Percentage Change: -1.94% Day High: 104.5 Day Low: 99.33

Target met. In the event British Airways experiences weakness below 99.3 ……..

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View Previous British Airways & Big Picture ***

LSE:IGG IG Group. Close Mid-Price: 758.5 Percentage Change: + 0.20% Day High: 767 Day Low: 751

Weakness on IG Group below 751 will invariably lead to 717 with secondary ……..

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View Previous IG Group & Big Picture ***

LSE:IHG Intercontinental Hotels Group Close Mid-Price: 4275 Percentage Change: -1.79% Day High: 4332 Day Low: 4224

In the event Intercontinental Hotels Group experiences weakness below 422 ……..

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View Previous Intercontinental Hotels Group & Big Picture ***

LSE:ITM ITM Power Close Mid-Price: 101.65 Percentage Change: -5.40% Day High: 107.65 Day Low: 97.54

Target met. Weakness on ITM Power below 97.54 will invariably lead to 80 ……..

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View Previous ITM Power & Big Picture ***

LSE:ITRK Intertek. Close Mid-Price: 3761 Percentage Change: + 1.35% Day High: 3793 Day Low: 3671

Continued weakness against ITRK taking the price below 3671 calculates as ……..

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View Previous Intertek & Big Picture ***

LSE:ITV ITV Close Mid-Price: 60.64 Percentage Change: -3.75% Day High: 63.34 Day Low: 59.92

Target met. In the event ITV experiences weakness below 59.92 it calculat ……..

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View Previous ITV & Big Picture ***

LSE:JET Just Eat Close Mid-Price: 1279.8 Percentage Change: -4.35% Day High: 1341.2 Day Low: 1274

If Just Eat experiences continued weakness below 1274, it will invariably ……..

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View Previous Just Eat & Big Picture ***

LSE:MKS Marks and Spencer Close Mid-Price: 106.55 Percentage Change: -3.49% Day High: 113.2 Day Low: 106.25

Continued weakness against MKS taking the price below 106.25 calculates a ……..

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View Previous Marks and Spencer & Big Picture ***

LSE:NG. National Glib Close Mid-Price: 1013 Percentage Change: -1.36% Day High: 1034 Day Low: 989

In the event National Glib experiences weakness below 989 it calculates w ……..

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View Previous National Glib & Big Picture ***

LSE:OCDO Ocado Plc Close Mid-Price: 553.4 Percentage Change: -0.75% Day High: 566.8 Day Low: 540.6

Target met. Weakness on Ocado Plc below 540.6 will invariably lead to 515 ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 1838 Percentage Change: -2.75% Day High: 1894 Day Low: 1770

Target met. In the event Oxford Instruments experiences weakness below 17 ……..

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View Previous Oxford Instruments & Big Picture ***

LSE:PHP Primary Health Close Mid-Price: 120.5 Percentage Change: -2.43% Day High: 123.7 Day Low: 118.8

Target met. If Primary Health experiences continued weakness below 118.8, ……..

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View Previous Primary Health & Big Picture ***

LSE:RMG Royal Mail Close Mid-Price: 196.45 Percentage Change: -3.98% Day High: 208.3 Day Low: 195.15

Target met. Weakness on Royal Mail below 195.15 will invariably lead to 1 ……..

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LSE:SPX Spirax Close Mid-Price: 9806 Percentage Change: -0.67% Day High: 9988 Day Low: 9448

Continued weakness against SPX taking the price below 9448 calculates as ……..

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View Previous Spirax & Big Picture ***

LSE:TERN Tern Plc Close Mid-Price: 9.25 Percentage Change: -9.84% Day High: 9.5 Day Low: 8.25

Target met. In the event Tern Plc experiences weakness below 8.25 it calc ……..

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View Previous Tern Plc & Big Picture ***

LSE:TSCO Tesco Close Mid-Price: 220.2 Percentage Change: -3.00% Day High: 228.2 Day Low: 219.5

Target met. If Tesco experiences continued weakness below 219.5, it will ……..

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View Previous Tesco & Big Picture ***

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

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