#Gold #Nasdaq
Finally getting around to searching for the origins of the word “Pendragon”, we were amused to discover it’s Welsh roots, meaning “Head Dragon”. Without a doubt, this particular dragon has been biting shareholders on the posterior since 2016 but now, it finally looks like the stock market may be applying a healing salve.
Perhaps this potential for recovery is at a terrible time, given the underlying feel of the markets and, in addition, the car market must surely suffer from increased interest rates, along with increased energy prices. It’s certainly easy to suspect the impetus toward Electric Vehicles shall falter, given What Car magazine’s recent real world tests which revealed it now costs more to charge batteries than to top up with petrol. A family member recently moaned about this, her irritation growing as falling temperatures here in Scotland are seeing her battery range drop from 240 miles to around 150 miles in her Renault Zoe. This sort of thing must surely effect the car buying market as folk tend lose interest in going Green, when their credit card statement is getting a hammering.
However, for now, Pendragon look capable of taking wing and heading upward as recent share price movements are proving completely at odds with the majority of shares in the UK stock markets. The share price was recently manipulated upward, thanks to an unsolicited offer for takeover of the entire company. As a result of this approach, a little war of words appears to be taking place between Hedin Mobility and Pendragon and a glance through the appropriate RNS’s failed to provide any great clarity as to what is actually happening. But then again, no-one plays poker with all their cards face up as it defeats the purpose!
The immediate situation looks pretty straightforward as strength above 28p looks capable of movement to an initial 29.7p. If bettered, our secondary works out at 33p, an interesting prospect, as this dumps the share price in a zone where a longer term 43p calculates as possible. Who knows, perhaps a bidding war is expected for the motor trade giant?
To cause panic, their share price needs drop below Red (18p), working out with the potential of reversal to 11p initially. Should such a level break, our secondary and “ultimate bottom” comes along at 8p.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:18:15PM | BRENT | 91.7 | Success | ||||||||
| 9:19:59PM | GOLD | 1674.63 | 1661 | 1657 | 1650 | 1672 | 1679 | 1682 | 1689 | 1669 | |
| 9:36:17PM | FTSE | 6821.48 | ‘cess | ||||||||
| 9:37:59PM | STOX50 | 3330.7 | Shambles | ||||||||
| 9:45:15PM | GERMANY | 12174.56 | |||||||||
| 9:48:18PM | US500 | 3581 | |||||||||
| 9:50:36PM | DOW | 29257 | |||||||||
| 9:53:29PM | NASDAQ | 10796 | 10717 | 10665 | 10580 | 10845 | 10924 | 10959 | 11042 | 10828 | |
| 9:55:46PM | JAPAN | 26359 |
12/10/2022 FTSE Closed at 6826 points. Change of -0.86%. Total value traded through LSE was: £ 5,099,638,855 a change of -0.72%
11/10/2022 FTSE Closed at 6885 points. Change of -1.06%. Total value traded through LSE was: £ 5,136,859,995 a change of 18.36%
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%
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:AV. Aviva** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:BLOE Block Energy PLC** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:DARK Darktrace Plc** **LSE:EMG MAN** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:HSBA HSBC** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:JET Just Eat** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:TLW Tullow** **LSE:VOD Vodafone** **
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Updated charts published on : Aston Martin, Asos, Aviva, Barclays, Barrett Devs, Block Energy PLC, British Telecom, Carclo, Darktrace Plc, MAN, Foxtons, Fresnillo, HSBC, Igas Energy, IG Group, ITM Power, Just Eat, Lloyds Grp., Marks and Spencer, National Glib, Natwest, Ocado Plc, Primary Health, Serco, Standard Chartered, Tullow, Vodafone,
LSE:AML Aston Martin Close Mid-Price: 90.44 Percentage Change: -4.13% Day High: 96.52 Day Low: 88.7
Continued weakness against AML taking the price below 88.7 calculates as ……..
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View Previous Aston Martin & Big Picture ***
LSE:ASC Asos Close Mid-Price: 508.5 Percentage Change: -6.01% Day High: 540.5 Day Low: 504
Continued weakness against ASC taking the price below 504 calculates as l ……..
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View Previous Asos & Big Picture ***
LSE:AV. Aviva Close Mid-Price: 373.8 Percentage Change: -2.58% Day High: 382.6 Day Low: 366.8
If Aviva experiences continued weakness below 366.8, it will invariably l ……..
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View Previous Aviva & Big Picture ***
LSE:BARC Barclays Close Mid-Price: 135.68 Percentage Change: -3.20% Day High: 138.38 Day Low: 132.06
Continued weakness against BARC taking the price below 132.06 calculates ……..
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View Previous Barclays & Big Picture ***
LSE:BDEV Barrett Devs Close Mid-Price: 325.4 Percentage Change: -5.13% Day High: 330.4 Day Low: 313
In the event Barrett Devs experiences weakness below 313 it calculates wi ……..
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View Previous Barrett Devs & Big Picture ***
LSE:BLOE Block Energy PLC Close Mid-Price: 2.23 Percentage Change: -3.26% Day High: 2.4 Day Low: 2.23
Further movement against Block Energy PLC ABOVE 2.4 should improve accele ……..
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View Previous Block Energy PLC & Big Picture ***
LSE:BT.A British Telecom Close Mid-Price: 119.5 Percentage Change: -3.47% Day High: 123.8 Day Low: 119.25
Weakness on British Telecom below 119.25 will invariably lead to 117 with ……..
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View Previous British Telecom & Big Picture ***
LSE:CAR Carclo Close Mid-Price: 16.25 Percentage Change: -2.69% Day High: 16.5 Day Low: 16.05
Weakness on Carclo below 16.05 will invariably lead to 15.9 with secondar ……..
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View Previous Carclo & Big Picture ***
LSE:DARK Darktrace Plc Close Mid-Price: 286 Percentage Change: -4.09% Day High: 299.1 Day Low: 284.2
Weakness on Darktrace Plc below 284.2 will invariably lead to 264 with se ……..
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View Previous Darktrace Plc & Big Picture ***
LSE:EMG MAN Close Mid-Price: 207.9 Percentage Change: -4.33% Day High: 221.8 Day Low: 205.8
In the event MAN experiences weakness below 205.8 it calculates with a dr ……..
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View Previous MAN & Big Picture ***
LSE:FOXT Foxtons Close Mid-Price: 28.2 Percentage Change: -3.75% Day High: 29.3 Day Low: 28.25
In the event Foxtons experiences weakness below 28.25 it calculates with ……..
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View Previous Foxtons & Big Picture ***
LSE:FRES Fresnillo Close Mid-Price: 759.2 Percentage Change: -0.63% Day High: 773.8 Day Low: 750.6
Weakness on Fresnillo below 750.6 will invariably lead to 655p with secon ……..
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View Previous Fresnillo & Big Picture ***
LSE:HSBA HSBC Close Mid-Price: 449.05 Percentage Change: -1.20% Day High: 453.8 Day Low: 443.65
Target met. In the event HSBC experiences weakness below 443.65 it calcul ……..
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View Previous HSBC & Big Picture ***
LSE:IGAS Igas Energy Close Mid-Price: 47.6 Percentage Change: -10.19% Day High: 52.6 Day Low: 44.7
If Igas Energy experiences continued weakness below 44.7, it will invaria ……..
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View Previous Igas Energy & Big Picture ***
LSE:IGG IG Group Close Mid-Price: 750.5 Percentage Change: -1.18% Day High: 760.5 Day Low: 734
Weakness on IG Group below 734 will invariably lead to 717 with secondary ……..
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View Previous IG Group & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 90.92 Percentage Change: -6.86% Day High: 98.46 Day Low: 90.9
In the event ITM Power experiences weakness below 90.9 it calculates with ……..
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View Previous ITM Power & Big Picture ***
LSE:JET Just Eat Close Mid-Price: 1103.6 Percentage Change: -5.51% Day High: 1184 Day Low: 1076.4
If Just Eat experiences continued weakness below 1076.4, it will invariab ……..
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View Previous Just Eat & Big Picture ***
LSE:LLOY Lloyds Grp. Close Mid-Price: 39.09 Percentage Change: -5.80% Day High: 41 Day Low: 38.75
Target met. Continued weakness against LLOY taking the price below 38.75 ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:MKS Marks and Spencer Close Mid-Price: 93.2 Percentage Change: -5.09% Day High: 97.14 Day Low: 91.94
In the event Marks and Spencer experiences weakness below 91.94 it calcul ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:NG. National Glib Close Mid-Price: 858.4 Percentage Change: -2.87% Day High: 886.6 Day Low: 856.8
Target met. If National Glib experiences continued weakness below 856.8, ……..
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View Previous National Glib & Big Picture ***
LSE:NWG Natwest Close Mid-Price: 212.4 Percentage Change: -4.15% Day High: 220.4 Day Low: 211.2
Weakness on Natwest below 211.2 will invariably lead to 198 with secondar ……..
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View Previous Natwest & Big Picture ***
LSE:OCDO Ocado Plc Close Mid-Price: 393.1 Percentage Change: -5.16% Day High: 409.6 Day Low: 390.4
Continued weakness against OCDO taking the price below 390.4 calculates a ……..
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View Previous Ocado Plc & Big Picture ***
LSE:PHP Primary Health Close Mid-Price: 98.7 Percentage Change: -2.28% Day High: 102.6 Day Low: 98.35
If Primary Health experiences continued weakness below 98.35, it will inv ……..
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View Previous Primary Health & Big Picture ***
LSE:SRP Serco Close Mid-Price: 149.6 Percentage Change: -2.35% Day High: 153.6 Day Low: 150.1
Weakness on Serco below 150.1 will invariably lead to 135 with secondary ……..
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View Previous Serco & Big Picture ***
LSE:STAN Standard Chartered Close Mid-Price: 538.6 Percentage Change: -1.64% Day High: 550.4 Day Low: 532.8
Continued weakness against STAN taking the price below 532.8 calculates a ……..
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View Previous Standard Chartered & Big Picture ***
LSE:TLW Tullow Close Mid-Price: 38.38 Percentage Change: -6.62% Day High: 41.18 Day Low: 37.76
Target met. In the event Tullow experiences weakness below 37.76 it calcu ……..
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View Previous Tullow & Big Picture ***
LSE:VOD Vodafone Close Mid-Price: 98.95 Percentage Change: -2.32% Day High: 101.62 Day Low: 97.4
Continued weakness against VOD taking the price below 97. calculates as l ……..
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View Previous Vodafone & Big Picture ***