#Gold #Stoxx
Time’s a funny old concept. Back in 1958, Scotland opted to celebrate the festival of Xmas with both Christmas & Boxing days declared a National holiday. Before then, we only had 1st & 2nd January to shake off winter chills, two holidays which thankfully remain. Equally, Lloyds was once a promising share, the good days starting to vanish in the depths of time as we face the ridiculous.
Currently, the share price now needs CLOSE above 46.54p to give the first clue some gains may be expected. When it opted to close 28th December at 46.24p, how we laughed… It’s still the case the market isn’t in the mood to do Lloyds share price any favours. Hopes of a so called Santa Rally are degenerating into a “Who Killed Santa” mindset.
A near term scenario suggests intraday traffic above 46.82 may give early warning for some gains, calculating with the potential of bringing an initial 47.30p with secondary, if bettered, at 48.30p. Obviously, none of this is of any particular interest but it does effectively more the share price into a region where closure above the trend looks possible, along with an unusual expression of hope for the long term.
We remain doubtful, thanks to recent share price performance. Instead, it looks probable traffic below 46p shall provoke reversal to an initial 45.3 with secondary, when broken, at 43.9p, along with a hopeful bounce.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 10:00:43PM | BRENT | 83.85 | 83 | |||||||
| 10:02:53PM | GOLD | 1804.6 | 1796 | 1785 | 1769 | 1809 | 1812 | 1816 | 1822 | 1802 |
| 10:04:51PM | FTSE | 7482.07 | 7484 | |||||||
| 10:06:18PM | STOX50 | 3801 | 3811 | 3772 | 3733 | 3831 | 3855 | 3870 | 3896 | 3825 |
| 10:42:26PM | GERMANY | 13894 | 13947 | |||||||
| 10:49:39PM | US500 | 3787.37 | 3795 | |||||||
| 10:54:17PM | DOW | 32918 | 33180 | |||||||
| 10:55:54PM | NASDAQ | 10699.84 | 10800 | |||||||
| 11:02:00PM | JAPAN | 26075 | 26137 |
28/12/2022 FTSE Closed at 7497 points. Change of 0.32%. Total value traded through LSE was: £ 4,019,239,763 a change of 100.17%
23/12/2022 FTSE Closed at 7473 points. Change of 0.05%. Total value traded through LSE was: £ 2,007,879,926 a change of -54.01%
22/12/2022 FTSE Closed at 7469 points. Change of -0.37%. Total value traded through LSE was: £ 4,366,369,327 a change of -6.1%
21/12/2022 FTSE Closed at 7497 points. Change of 1.72%. Total value traded through LSE was: £ 4,650,253,463 a change of -20.61%
20/12/2022 FTSE Closed at 7370 points. Change of 0.12%. Total value traded through LSE was: £ 5,857,237,056 a change of 57.46%
19/12/2022 FTSE Closed at 7361 points. Change of -100%. Total value traded through LSE was: £ 3,719,802,637 a change of 0%
16/12/2022 FTSE Closed at 7332 points. Change of 0%. Total value traded through LSE was: £ 12,798,409,041 a change of 0%
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.
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.
If you want to ask a question about something Market Related intraday, don’t hesitate to email private.client@trendsandtargets.com. If something has gone volatile and a quick answer is needed, we’ve probably already run the numbers on it. As you’ll appreciate, we try and avoid spamming people needlessly.
Section One – Outlook Updated Today. Click here for Section Two – Outlook remains valid stocks
Click Epic to jump to share: LSE:BLOE Block Energy PLC** **LSE:BP. BP PLC** **LSE:CBX Cellular Goods** **LSE:CEY Centamin** **LSE:DARK Darktrace Plc** **LSE:EZJ EasyJet** **LSE:HSBA HSBC** **LSE:NWG Natwest** **LSE:SMT Scottish Mortgage Investment Trust** **
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Updated charts published on : Block Energy PLC, BP PLC, Cellular Goods, Centamin, Darktrace Plc, EasyJet, HSBC, Natwest, Scottish Mortgage Investment Trust,
LSE:BLOE Block Energy PLC. Close Mid-Price: 1.1 Percentage Change: -2.22% Day High: 1.15 Day Low: 1.1
Weakness on Block Energy PLC below 1.1 will invariably lead to 0.90 and hopefully a bounce. If broken, our secondary ultimate bottom works out at 0.38p. It needs above 1.50 to give any hope, allowing recovery to an initial 1.80 with secondary, if beaten, at 2.25p.
Previous Report:
21/12/2022 Target Met. Now below 1.12 calculates with the potential of 0.90 and hopefully a bounce. If broken, our secondary ultimate bottom works out at 0.38p. It needs above 1.50 to give any hope, allowing recovery to an initial 1.80 with secondary, if beaten, at 2.25p.
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View Previous Block Energy PLC & Big Picture ***
LSE:BP. BP PLC Close Mid-Price: 480.4 Percentage Change: + 0.31% Day High: 489.9 Day Low: 477.25
All BP PLC needs are mid-price trades ABOVE 489.9 to improve acceleration toward an initial 492 with secondary, if bettered, at 505p. It would require trading BELOW 455 looks capable of an initial 446 with secondary, if broken, a hopeful bottom at 433p.
Previous Report:
22/12/2022 In the event of BP PLC enjoying further trades beyond 486, the share should experience improved acceleration toward an initial 492 with secondary, if bettered, at 505p. It would require trading BELOW 455 looks capable of an initial 446 with secondary, if broken, a hopeful bottom at 433p.
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View Previous BP PLC & Big Picture ***
LSE:CBX Cellular Goods. Close Mid-Price: 0.62 Percentage Change: -13.79% Day High: 0.7 Day Low: 0.62
Target met. If Cellular Goods experiences continued weakness below 0.62, it will invariably lead to 44 with secondary (if broken) at a longer term zero. We run out of numbers below 0.44p! It needs above 1.4p to give hope, giving an initial ambition at 1.7 with secondary, if beaten, at 2.35
Previous Report:
16/12/2022 In the event Cellular Goods experiences weakness below 0.95 it calculates with a drop potential of 0.79p with secondary (if broken) at a longer term 0.44p. It needs above 2p to give hope, giving an initial ambition at 2.4 with secondary, if beaten, at 3.17
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View Previous Cellular Goods & Big Picture ***
LSE:CEY Centamin Close Mid-Price: 114.45 Percentage Change: + 2.01% Day High: 115.4 Day Low: 112.4
Target met. In the event of Centamin enjoying further trades beyond 115.4, the share should experience improved acceleration toward an initial 118 with secondary (if initial bettered) at 123p. It needs below 88 for trouble, suggesting coming reversal to 72 with secondary, if broken, a less likely 62p.
Previous Report:
21/12/2022 Further movement against Centamin ^ABOVE 113.4 should improve acceleration toward an initial 115p with secondary (if initial bettered) at 123p. It needs below 88 for trouble, suggesting coming reversal to 72 with secondary, if broken, a less likely 62p.
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View Previous Centamin & Big Picture ***
LSE:DARK Darktrace Plc. Close Mid-Price: 255.8 Percentage Change: -3.83% Day High: 264.8 Day Low: 256.6
In the event Darktrace Plc experiences weakness below 256.6 it calculates with a drop potential of 193p next and, in an ideal world, a bounce. If broken, our less likely expectation works out at 150p. The share requires to move ABOVE 376 to improve acceleration toward an initial 433 with secondary 488p.
Previous Report:
22/12/2022 The share is trying to prove the validity of our GaGa logic (circled). Continuing below 259 should anticipate reversal to 193p next and, in an ideal world, a bounce. If broken, our less likely expectation works out at 150p. The share requires to move ABOVE 376 to improve acceleration toward an initial 433 with secondary 488p.
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View Previous Darktrace Plc & Big Picture ***
LSE:EZJ EasyJet. Close Mid-Price: 332.8 Percentage Change: -2.32% Day High: 342.9 Day Low: 329.8
If EasyJet experiences continued weakness below 329.8, it will invariably lead to 323 with secondary (if broken) at a longer term 259 and hopefully a bottom. The share requires to move ABOVE 390, the price should experience improved acceleration toward an initial 457 initially with secondary, if bettered, at 572.
Previous Report:
22/12/2022 In the event EasyJet experiences weakness below 335, it calculates with a drop potential of 323 with secondary (if broken) at a longer term 259 and hopefully a bottom. The share requires to move ABOVE 390, the price should experience improved acceleration toward an initial 457 initially with secondary, if bettered, at 572.
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View Previous EasyJet & Big Picture ***
LSE:HSBA HSBC Close Mid-Price: 518 Percentage Change: + 1.51% Day High: 520.7 Day Low: 514.1
In the event of HSBC enjoying further trades beyond 520.7, the share should experience improved acceleration toward an initial 525 with secondary, if bettered, at 547p and hopefully game changing territory for the longer term. It needs below 490 to cause trouble, risking reversal to an initial 446 with secondary, if broken, at 422p.
Previous Report:
22/12/2022 Now above 516 should still prove useful, giving the potential of an initial 525 with secondary, if bettered, at 547p and hopefully game changing territory for the longer term. It needs below 490 to cause trouble, risking reversal to an initial 446 with secondary, if broken, at 422p.
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View Previous HSBC & Big Picture ***
LSE:NWG Natwest Close Mid-Price: 267.5 Percentage Change: + 1.13% Day High: 269.3 Day Low: 265.3
All Natwest needs are mid-price trades ABOVE 269.3 to improve acceleration toward an initial 273 with secondary (if initial bettered) at 284. The price would require to slip BELOW 222 to cancel the potentials and allow weakness to198p with secondary (if broken) at a longer term 170p
Previous Report:
22/12/2022 Further movement against Natwest ABOVE 267 should continue acceleration toward an initial 273 with secondary (if initial bettered) at 284. The price would require to slip BELOW 222 to cancel the potentials and allow weakness to198p with secondary (if broken) at a longer term 170p
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View Previous Natwest & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 690 Percentage Change: -4.38% Day High: 709.2 Day Low: 692.2
If Scottish Mortgage Investment Trust experiences continued weakness below 692.2, it will invariably lead to 689 and hopefully a bounce. Our secondary calculations at 619. The share requires to sneak ABOVE 831 should improve acceleration toward an initial 892. Our longer term secondary is now at 995p.
Previous Report:
15/11/2022 Further movement against Scottish Mortgage Investment Trust ABOVE 831.4 should improve acceleration toward an initial 892. Our longer term secondary is now at 995p. The mid-price would require to trade BELOW 698, it still calculates with a drop potential of 689 and hopefully a bounce. Our secondary calculations at 619.
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View Previous Scottish Mortgage Investment Trust & Big Picture ***