#Brent #Stoxx50
Perhaps it’s a UK thing but at times, when “things” start to look optimistic, we automatically worry. It almost feels like a malevolent presence lurks above the UK markets (and country!), just waiting for sufficient number of folk to make a hopeful commitment, when suddenly it strikes with a massive ‘Gotcha, suckers’. This isn’t new, emphatically not a Brexit thing but instead, dates back to recovery from the financial crash bottom in 2009.
Over the years, we frequently moaned at the UK’s inability to recover from that particular hammering. Even in the USA, every now and then Bloomberg or The Wall St Journal lead with an editorial, asking “Are British Bank Shares Cheap?”, their puzzlement an ongoing question when they’ve witnessed US bank sector shares recover quite nicely. Invariably, each editorial ends with quiet muttering, along with a suggestion to review German financial sector shares.
However, perhaps it’s about time to load a party popper, maybe even invest in a bottle of fizzy water. By our standards, this may prove quite a big deal.
When we previously ran analysis on Lloyds, we suggested it needed close a session above 43.5p to give hope for the future. On Friday 11th November, it closed at a majestic 43.515p, this break above our trigger level providing oodles of reason to drool about the immediate future. Additionally, the share price has closed above the critical level of trend break (circled) from 28th September this year, something which is meaningless to most sane folk but we regard as a pretty big deal. At least, it usually is, if we pretend politics, wars, pandemics, don’t happen.
The immediate situation suggests movement continuing above 44p should make an attempt at 46.2p next with our realistic secondary calculation, if such a level is exceeded, works out at a viable looking 48.8p. This secondary is quite a big deal as, for the longer term, closure above such a level will make a future 59.7p a logical ambition.
If trouble in planned, the share price requires slump below 40.8p as this risks triggering reversal to 38.8p with secondary, if broken, a potential bottom around 35p. Thus far, the share price has ticked two boxes suggesting reversal isn’t currently looming above the share.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:58:07PM | BRENT | 95.28 | 92.57 | 91.46 | 88.92 | 93.77 | 96.25 | 96.965 | 98.91 | 94.4 | |
| 7:51:50PM | GOLD | 1767.95 | |||||||||
| 7:55:18PM | FTSE | 7337.39 | ‘cess | ||||||||
| 7:59:29PM | STOX50 | 3893.2 | 3853 | 3838 | 3819 | 3878 | 3896 | 3902 | 3917 | 3865 | |
| 8:03:27PM | GERMANY | 14315 | ‘cess | ||||||||
| 8:13:12PM | US500 | 4001.32 | ‘cess | ||||||||
| 8:24:28PM | DOW | 33786 | ‘cess | ||||||||
| 8:26:14PM | NASDAQ | 11840 | Success | ||||||||
| 8:31:08PM | JAPAN | 28119 | Success |
11/11/2022 FTSE Closed at 7318 points. Change of -0.77%. Total value traded through LSE was: £ 7,142,834,234 a change of 9.63%
10/11/2022 FTSE Closed at 7375 points. Change of 1.08%. Total value traded through LSE was: £ 6,515,510,532 a change of 60.71%
9/11/2022 FTSE Closed at 7296 points. Change of -0.14%. Total value traded through LSE was: £ 4,054,252,272 a change of -13.25%
8/11/2022 FTSE Closed at 7306 points. Change of 0.1%. Total value traded through LSE was: £ 4,673,301,102 a change of -8.96%
7/11/2022 FTSE Closed at 7299 points. Change of -0.48%. Total value traded through LSE was: £ 5,133,479,286 a change of -2.79%
4/11/2022 FTSE Closed at 7334 points. Change of 2.03%. Total value traded through LSE was: £ 5,280,778,356 a change of 17.81%
3/11/2022 FTSE Closed at 7188 points. Change of 0.62%. Total value traded through LSE was: £ 4,482,607,171 a change of -6.53%
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:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:CCL Carnival** **LSE:CEY Centamin** **LSE:DARK Darktrace Plc** **LSE:ECO ECO (Atlantic) O & G** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SRP Serco** **
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Updated charts published on : Aston Martin, Asos, Barclays, Barrett Devs, Carnival, Centamin, Darktrace Plc, ECO (Atlantic) O & G, MAN, EasyJet, Fresnillo, Hikma, Hargreaves Lansdown, British Airways, IG Group, IQE, ITM Power, Intertek, ITV, Just Eat, Marks and Spencer, Natwest, Ocado Plc, Oxford Instruments, Primary Health, Scottish Mortgage Investment Trust, Serco,
LSE:AML Aston Martin. Close Mid-Price: 158.7 Percentage Change: + 5.80% Day High: 158.6 Day Low: 147
Target met. Further movement against Aston Martin ABOVE 158.6 should impr ……..
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View Previous Aston Martin & Big Picture ***
LSE:ASC Asos. Close Mid-Price: 788 Percentage Change: + 13.38% Day High: 794.5 Day Low: 698.5
Target met. In the event of Asos enjoying further trades beyond 794.5, th ……..
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View Previous Asos & Big Picture ***
LSE:BARC Barclays. Close Mid-Price: 158.22 Percentage Change: + 0.78% Day High: 159.58 Day Low: 156.48
Target met. All Barclays needs are mid-price trades ABOVE 159.58 to impro ……..
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View Previous Barclays & Big Picture ***
LSE:BDEV Barrett Devs Close Mid-Price: 411.2 Percentage Change: -0.27% Day High: 417.9 Day Low: 408.6
Continued trades against BDEV with a mid-price ABOVE 417.9 should improve ……..
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View Previous Barrett Devs & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 768.8 Percentage Change: + 4.48% Day High: 784.4 Day Low: 746.2
All Carnival needs are mid-price trades ABOVE 784.4 to improve accelerati ……..
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View Previous Carnival & Big Picture ***
LSE:CEY Centamin. Close Mid-Price: 104.25 Percentage Change: + 1.21% Day High: 106.15 Day Low: 103.1
Continued trades against CEY with a mid-price ABOVE 106.15 should improve ……..
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View Previous Centamin & Big Picture ***
LSE:DARK Darktrace Plc. Close Mid-Price: 395.9 Percentage Change: + 4.82% Day High: 401.5 Day Low: 380
Further movement against Darktrace Plc ABOVE 401.5 should improve acceler ……..
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View Previous Darktrace Plc & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 44.25 Percentage Change: + 3.51% Day High: 44.25 Day Low: 43.25
Continued trades against ECO with a mid-price ABOVE 44.25 should improve ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:EMG MAN Close Mid-Price: 216.4 Percentage Change: -4.08% Day High: 229.8 Day Low: 217.8
Further movement against MAN ABOVE 229.8 should improve acceleration towa ……..
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View Previous MAN & Big Picture ***
LSE:EZJ EasyJet. Close Mid-Price: 412.5 Percentage Change: + 3.15% Day High: 414.6 Day Low: 403.7
All EasyJet needs are mid-price trades ABOVE 414.6 to improve acceleratio ……..
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View Previous EasyJet & Big Picture ***
LSE:FRES Fresnillo. Close Mid-Price: 866.2 Percentage Change: + 1.43% Day High: 876.6 Day Low: 836
Continued trades against FRES with a mid-price ABOVE 876.6 should improve ……..
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View Previous Fresnillo & Big Picture ***
LSE:HIK Hikma. Close Mid-Price: 1387 Percentage Change: + 3.93% Day High: 1400.5 Day Low: 1335
Further movement against Hikma ABOVE 1400.5 should improve acceleration t ……..
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View Previous Hikma & Big Picture ***
LSE:HL. Hargreaves Lansdown. Close Mid-Price: 934.6 Percentage Change: + 4.85% Day High: 941.2 Day Low: 895.2
In the event of Hargreaves Lansdown enjoying further trades beyond 941.2, ……..
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View Previous Hargreaves Lansdown & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 137.74 Percentage Change: + 0.82% Day High: 140.38 Day Low: 136.62
Target met. Continued trades against IAG with a mid-price ABOVE 140.38 sh ……..
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View Previous British Airways & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 816.5 Percentage Change: + 0.37% Day High: 828.5 Day Low: 813
In the event of IG Group enjoying further trades beyond 828.5, the share ……..
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View Previous IG Group & Big Picture ***
LSE:IQE IQE. Close Mid-Price: 48.65 Percentage Change: + 1.25% Day High: 49.55 Day Low: 47.45
All IQE needs are mid-price trades ABOVE 49.55 to improve acceleration to ……..
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View Previous IQE & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 102.4 Percentage Change: -0.92% Day High: 110 Day Low: 97.24
Continued trades against ITM with a mid-price ABOVE 110 should improve th ……..
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View Previous ITM Power & Big Picture ***
LSE:ITRK Intertek. Close Mid-Price: 4037 Percentage Change: + 0.50% Day High: 4066 Day Low: 3965
Further movement against Intertek ABOVE 4066 should improve acceleration ……..
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View Previous Intertek & Big Picture ***
LSE:ITV ITV. Close Mid-Price: 77.78 Percentage Change: + 7.64% Day High: 77.26 Day Low: 72.16
Target met. In the event of ITV enjoying further trades beyond 77.26, the ……..
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View Previous ITV & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 2032.5 Percentage Change: + 3.53% Day High: 2110 Day Low: 1991
All Just Eat needs are mid-price trades ABOVE 2110 to improve acceleratio ……..
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View Previous Just Eat & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 124.7 Percentage Change: + 3.92% Day High: 126.2 Day Low: 120
Continued trades against MKS with a mid-price ABOVE 126.2 should improve ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 249.6 Percentage Change: + 4.00% Day High: 250.7 Day Low: 239.5
All Natwest needs are mid-price trades ABOVE 250.7 to improve acceleratio ……..
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View Previous Natwest & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 812 Percentage Change: + 13.85% Day High: 812.8 Day Low: 715.4
Further movement against Ocado Plc ABOVE 812.8 should improve acceleratio ……..
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View Previous Ocado Plc & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2150 Percentage Change: + 4.37% Day High: 2195 Day Low: 2095
Target met. Further movement against Oxford Instruments ABOVE 2195 should ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:PHP Primary Health Close Mid-Price: 117.7 Percentage Change: -2.00% Day High: 122.2 Day Low: 117.8
In the event of Primary Health enjoying further trades beyond 122.2, the ……..
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View Previous Primary Health & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 817.8 Percentage Change: + 2.22% Day High: 824.2 Day Low: 802.4
All Scottish Mortgage Investment Trust needs are mid-price trades ABOVE 8 ……..
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View Previous Scottish Mortgage Investment Trust & Big Picture ***
LSE:SRP Serco Close Mid-Price: 163.7 Percentage Change: -3.54% Day High: 172.2 Day Low: 161.8
Continued trades against SRP with a mid-price ABOVE 172.2 should improve ……..
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View Previous Serco & Big Picture ***