#Gold #SP500
It’s easy to imagine IAG.L (Previously British Airways) proves unpopular, due to their enormous name which is thankfully used for corporate ego and little else. Perhaps this is the reason their airlines retain the original branding, few aircraft being of sufficient length to paint the full company name!
IAG share price has experienced a pretty tough time during the last few years, even managing to match the pandemic lows of 2020 with their recent trip down to 93p. When we review things from a Big Picture perspective, there is a reasonable chance this share price should actually bounce from the 93p as the potential consequences of a fall below such a price are more dangerous than a speech by Truss, the UK PM. Already, it appears the recent visit to 93p was inspired by actions of the current UK government.
To deal with the bad scenario first, our calculations now show weakness below 93p as capable of triggering reversal to 81p and hopefully a proper bounce. We can calculate a secondary, should 79p break, and it’s an eventual bottom at a silly looking 51p, a price level rarer than a smile from British Airways cabin crew on a long haul flight.
However, price movements since the visit to 93p offer faint encouragement, thanks to some half hearted attempts to break the Blue downtrend which dates back to a few weeks before the pandemic hit the fan in 2020. The immediate situation suggests “strength” above 103p (currently trading around 101p) should make an attempt at an initial 113p next. If bettered, our secondary calculates at 126p, this representing a fascinating price level for the longer term.
In the longer term, closure above 126p apparently should prove significant, taking the share to a flight level where ongoing rises suggest a future 156p is possible with secondary, if bettered, at 208p. Usually we eschew such Big Picture thoughts but in this instance, the visuals against each target make a lot of sense, each ambition effectively challenging historical “glass ceiling” levels on the chart. It’s easy to already imagine a future 208p shall become crucial, giving the share an opportunity to make a game changing movement and lose its current “budget share price airline” status.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:28:52PM | BRENT | 95.32 | |||||||||
| 10:32:01PM | GOLD | 1668.92 | 1665 | 1659 | 1647 | 1679 | 1690 | 1693 | 1703 | 1680 | Success |
| 10:33:47PM | FTSE | 6967.58 | ‘cess | ||||||||
| 10:35:44PM | STOX50 | 3367.3 | ‘cess | ||||||||
| 10:39:35PM | GERMANY | 12317 | ‘cess | ||||||||
| 10:41:42PM | US500 | 3615.42 | 3599 | 3583 | 3559 | 3655 | 3655 | 3667 | 3694 | 3613 | |
| 10:43:36PM | DOW | 29224 | |||||||||
| 10:45:51PM | NASDAQ | 10935 | ‘cess | ||||||||
| 10:52:12PM | JAPAN | 26650 | ‘cess |
10/10/2022 FTSE Closed at 6959 points. Change of -0.46%. Total value traded through LSE was: £ 4,340,006,444 a change of -6.55%
7/10/2022 FTSE Closed at 6991 points. Change of -0.09%. Total value traded through LSE was: £ 4,644,361,624 a change of -27.89%
6/10/2022 FTSE Closed at 6997 points. Change of -0.78%. Total value traded through LSE was: £ 6,440,759,247 a change of 17.34%
5/10/2022 FTSE Closed at 7052 points. Change of -0.48%. Total value traded through LSE was: £ 5,488,765,319 a change of -9.96%
4/10/2022 FTSE Closed at 7086 points. Change of 2.58%. Total value traded through LSE was: £ 6,096,244,319 a change of 12.65%
3/10/2022 FTSE Closed at 6908 points. Change of 0.22%. Total value traded through LSE was: £ 5,411,543,289 a change of -20.03%
30/09/2022 FTSE Closed at 6893 points. Change of 0.17%. Total value traded through LSE was: £ 6,766,933,974 a change of -4.67%
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:ASC Asos** **LSE:CCL Carnival** **LSE:FRES Fresnillo** **LSE:ITM ITM Power** **LSE:JET Just Eat** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:TERN Tern Plc** **
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Updated charts published on : Aston Martin, Asos, Carnival, Fresnillo, ITM Power, Just Eat, National Glib, Ocado Plc, Primary Health, Tern Plc,
LSE:AML Aston Martin Close Mid-Price: 90.12 Percentage Change: -6.38% Day High: 99.5 Day Low: 89.34
Target met. Weakness on Aston Martin below 89.34 will invariably lead to ……..
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View Previous Aston Martin & Big Picture ***
LSE:ASC Asos. Close Mid-Price: 535.5 Percentage Change: + 0.66% Day High: 545 Day Low: 516.5
Target met. If Asos experiences continued weakness below 516.5, it will i ……..
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View Previous Asos & Big Picture ***
LSE:CCL Carnival Close Mid-Price: 501.4 Percentage Change: -4.68% Day High: 536.2 Day Low: 498.9
Continued weakness against CCL taking the price below 498.9 calculates as ……..
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View Previous Carnival & Big Picture ***
LSE:FRES Fresnillo Close Mid-Price: 773 Percentage Change: -1.85% Day High: 789 Day Low: 761
If Fresnillo experiences continued weakness below 761, it will invariably ……..
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View Previous Fresnillo & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 97.06 Percentage Change: -4.42% Day High: 101.35 Day Low: 96.66
Continued weakness against ITM taking the price below 96.66 calculates as ……..
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View Previous ITM Power & Big Picture ***
LSE:JET Just Eat Close Mid-Price: 1208.8 Percentage Change: -3.51% Day High: 1247.6 Day Low: 1196.4
Continued weakness against JET taking the price below 1196.4 calculates a ……..
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View Previous Just Eat & Big Picture ***
LSE:NG. National Glib Close Mid-Price: 900.8 Percentage Change: -0.79% Day High: 904.8 Day Low: 893
Continued weakness against NG. taking the price below 893 calculates as l ……..
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View Previous National Glib & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 437.8 Percentage Change: + 1.32% Day High: 447.8 Day Low: 425
If Ocado Plc experiences continued weakness below 425, it will invariably ……..
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View Previous Ocado Plc & Big Picture ***
LSE:PHP Primary Health Close Mid-Price: 103.4 Percentage Change: -2.27% Day High: 105.2 Day Low: 103.1
Weakness on Primary Health below 103.1 will invariably lead to 101 with s ……..
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View Previous Primary Health & Big Picture ***
LSE:TERN Tern Plc Close Mid-Price: 7.25 Percentage Change: -2.68% Day High: 7.45 Day Low: 7.15
Continued weakness against TERN taking the price below 7.15 calculates as ……..
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View Previous Tern Plc & Big Picture ***