#Gold #SP500
Two things are inevitable during the festive season, increased alcohol sales and also, that miserable dirge; ‘Fairytale in New York’. Thankfully, only one of these subjects lends itself to analysis while the other simply brings into question the musical taste of those who choose songs for radio stations. Even normally respected Ken Bruce on Radio2 has played the awful tune.
Diageo Plc, owner of multiple drinks brands, produce something more palatable than drab Xmas music, the largest exporter of Scotch whisky with a truly intimidating list of labels. When we include brands such as Guinness, Smirnoff, Morgans Run, and Baileys, it’s a surprise Diageo share price doesn’t shoot up higher every December, in a drunken euphoric fit of optimism.
Currently trading around 3636p, Diageo share price appears to have spent 2022 essentially trapped within a trading range of roughly 35 quid to 40 quid. However, according to our calculations, the share price now need only CLOSE a session above 3857p to again promote some recovery as we can calculate an initial 3982p with secondary, if exceeded, working out at 4100p. Unusually, we can also provide a third level, in the event the share price manages to close a session above our secondary and it’s at a spectacular 4502p and a new all time high.
As always, there’s a “however” and we’ve circled it on the chart.
For some reason, in October Diageo share price opted to dip below the Pandemic Red uptrend, something we often think of as a warning sign. This creates a situation where weakness next below just 3580p risks becoming a little dangerous, provoking rebersal to an initial 3476p with secondary, if broken, at 3345p and a hopeful bounce, judging by the visuals. In fact, a bounce becomes almost essential at such a level as closure below 3345p risks triggering long term travel to an eventual 2572p.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:20:11PM | BRENT | 80.47 | ‘cess | ||||||||
| 10:21:40PM | GOLD | 1787.37 | 1783 | 1780 | 1774 | 1792 | 1798 | 1803 | 1813 | 1790 | |
| 10:23:45PM | FTSE | 7357.12 | |||||||||
| 10:25:34PM | STOX50 | 3801 | |||||||||
| 10:27:47PM | GERMANY | 13900 | |||||||||
| 10:30:45PM | US500 | 3815 | 3799 | 3782 | 3778 | 3822 | 3870 | 3880 | 3907 | 3852 | ‘cess |
| 10:32:40PM | DOW | 32737 | |||||||||
| 10:36:32PM | NASDAQ | 11080.47 | ‘cess | ||||||||
| 10:38:07PM | JAPAN | 27231 |
19/12/2022 FTSE Closed at 7361 points. Change of 0.4%. Total value traded through LSE was: £ 3,719,802,637 a change of -70.94%
16/12/2022 FTSE Closed at 7332 points. Change of -1.27%. Total value traded through LSE was: £ 12,798,409,041 a change of 152.21%
15/12/2022 FTSE Closed at 7426 points. Change of -0.92%. Total value traded through LSE was: £ 5,074,557,667 a change of -3.77%
14/12/2022 FTSE Closed at 7495 points. Change of -0.09%. Total value traded through LSE was: £ 5,273,114,917 a change of -15.16%
13/12/2022 FTSE Closed at 7502 points. Change of 0.77%. Total value traded through LSE was: £ 6,215,222,839 a change of 28.4%
12/12/2022 FTSE Closed at 7445 points. Change of -0.41%. Total value traded through LSE was: £ 4,840,427,704 a change of -2.03%
9/12/2022 FTSE Closed at 7476 points. Change of 0.05%. Total value traded through LSE was: £ 4,940,691,101 a change of -3.99%
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:BLOE Block Energy PLC** **LSE:CCL Carnival** **LSE:DARK Darktrace Plc** **LSE:EZJ EasyJet** **LSE:GKP Gulf Keystone** **LSE:STAN Standard Chartered** **LSE:TRN The Trainline** **
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Updated charts published on : Aston Martin, Block Energy PLC, Carnival, Darktrace Plc, EasyJet, Gulf Keystone, Standard Chartered, The Trainline,
LSE:AML Aston Martin. Close Mid-Price: 177 Percentage Change: + 2.02% Day High: 179.85 Day Low: 171.5
Continued trades against AML with a mid-price ABOVE 179.85 should improve ……..
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View Previous Aston Martin & Big Picture ***
LSE:BLOE Block Energy PLC Close Mid-Price: 1.23 Percentage Change: -2.00% Day High: 1.25 Day Low: 1.23
If Block Energy PLC experiences continued weakness below 1.23, it will in ……..
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View Previous Block Energy PLC & Big Picture ***
LSE:CCL Carnival Close Mid-Price: 587 Percentage Change: -4.24% Day High: 617 Day Low: 583.8
Target met. Weakness on Carnival below 583.8 will invariably lead to 548 ……..
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View Previous Carnival & Big Picture ***
LSE:DARK Darktrace Plc Close Mid-Price: 269.4 Percentage Change: -3.44% Day High: 282.3 Day Low: 268
Continued weakness against DARK taking the price below 268 calculates as ……..
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View Previous Darktrace Plc & Big Picture ***
LSE:EZJ EasyJet Close Mid-Price: 347 Percentage Change: -1.22% Day High: 355.9 Day Low: 346.1
In the event EasyJet experiences weakness below 346.1 it calculates with ……..
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View Previous EasyJet & Big Picture ***
LSE:GKP Gulf Keystone Close Mid-Price: 196.4 Percentage Change: -2.29% Day High: 201.5 Day Low: 189
Weakness on Gulf Keystone below 189 will invariably lead to 177 with seco ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 617.2 Percentage Change: + 0.06% Day High: 619.4 Day Low: 612.2
All Standard Chartered needs are mid-price trades ABOVE 619.4 to improve ……..
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View Previous Standard Chartered & Big Picture ***
LSE:TRN The Trainline. Close Mid-Price: 269.7 Percentage Change: + 0.26% Day High: 280 Day Low: 262.2
If The Trainline experiences continued weakness below 262.2, it will inva ……..
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View Previous The Trainline & Big Picture ***