#FTSE #Stoxx50
When we ran the numbers on Blackrock last year, we suggested it needed exceed 631p to achieve an eventual 717p as our secondary target. This was all triggered, done and dusted, before the Xmas decorations vanished in January. Except for one house, locally, where the owners appear to have decided the white lights woven through their fence and garden bushes improved everything. They’ve ditched anything ‘Christmassy’ with their lighting but come December, they shall only need hang up a couple of Holly garlands.
It almost feels wrong to admit they are probably right, so much so we’re considering springing some lights on our cherry blossom tree before the thing decides to bloom. This tree takes the opportunity to grace our front garden with blooms for a few weeks, then just looks disappointing when the pink display falls to the grass. As last week came to an end, we were convinced it was Spring here in Argyll, daffodils ready to bloom, grass making twitching noises. But over the last few days, in addition to the most amazing Aurora Borealis display, we also experienced sub-zero temperatures, everything frozen solid by midnight in a thick white frost. Thanks to the mountain in our back garden, the Borealis couldn’t be seen and going for a drive on icy roads at midnight for a view North which didn’t have a mountain in the way wasn’t appealing.
Returning to Blackrock, the immediate situation for their share price looks like it also has the potential for a hard frost, needing only below 680p to risk triggering reversal to an initial 615p with our secondary, if this level breaks, calculating at 553p and hopefully a proper bounce.
However, our inclination is to take some hope from the way in which the share price exceeded our recent 717p target, especially as it implies strength.
Now above 749p should prove capable of a lift to an initial 794p with secondary, if beaten, a longer term 885p and a new all time high. Our expectation would be for the share price to suffer some hesitation at this secondary level, if achieved.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:57:39PM | BRENT | 83.13 | Success | ||||||||
| 10:00:27PM | GOLD | 1826.75 | Shambles | ||||||||
| 10:06:00PM | FTSE | 7873.16 | 7863 | 7855 | 7825 | 7885 | 7893 | 7908 | 7928 | 7868 | Success |
| 10:11:29PM | STOX50 | 4231 | 4214 | 4196 | 4172 | 4244 | 4250 | 4264 | 4281 | 4228 | Success |
| 10:14:49PM | GERMANY | 15358 | ‘cess | ||||||||
| 11:12:13PM | US500 | 3966.92 | ‘cess | ||||||||
| 11:14:41PM | DOW | 32625.2 | Success | ||||||||
| 11:18:51PM | NASDAQ | 12020 | |||||||||
| 11:20:40PM | JAPAN | 27389 |
28/02/2023 FTSE Closed at 7876 points. Change of -0.74%. Total value traded through LSE was: £ 8,937,075,687 a change of 69.5%
27/02/2023 FTSE Closed at 7935 points. Change of 0.72%. Total value traded through LSE was: £ 5,272,651,300 a change of -17.32%
24/02/2023 FTSE Closed at 7878 points. Change of -0.37%. Total value traded through LSE was: £ 6,377,185,346 a change of 16.01%
23/02/2023 FTSE Closed at 7907 points. Change of -0.29%. Total value traded through LSE was: £ 5,497,114,036 a change of -4.82%
22/02/2023 FTSE Closed at 7930 points. Change of -0.59%. Total value traded through LSE was: £ 5,775,714,264 a change of -17.45%
21/02/2023 FTSE Closed at 7977 points. Change of -0.46%. Total value traded through LSE was: £ 6,996,845,952 a change of 263.69%
20/02/2023 FTSE Closed at 8014 points. Change of 0.12%. Total value traded through LSE was: £ 1,923,863,385 a change of -74.93%
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:BLOE Block Energy PLC** **LSE:CNA Centrica** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:ITRK Intertek** **LSE:OCDO Ocado Plc** **LSE:RR. Rolls Royce** **LSE:STAN Standard Chartered** **LSE:TSCO Tesco** **
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Updated charts published on : Block Energy PLC, Centrica, Empyrean, MAN, Intertek, Ocado Plc, Rolls Royce, Standard Chartered, Tesco,
LSE:BLOE Block Energy PLC Close Mid-Price: 0.95 Percentage Change: -9.52% Day High: 1.05 Day Low: 0.95
If Block Energy PLC experiences continued weakness below 0.95, it will in ……..
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View Previous Block Energy PLC & Big Picture ***
LSE:CNA Centrica. Close Mid-Price: 105.15 Percentage Change: + 0.81% Day High: 107.15 Day Low: 104.1
Target met. Further movement against Centrica ABOVE 107.15 should improve ……..
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View Previous Centrica & Big Picture ***
LSE:EME Empyrean Close Mid-Price: 1.2 Percentage Change: -4.00% Day High: 1.12 Day Low: 1.12
Weakness on Empyrean below 1.12 will invariably lead to 0.87 with seconda ……..
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View Previous Empyrean & Big Picture ***
LSE:EMG MAN. Close Mid-Price: 265.6 Percentage Change: + 8.72% Day High: 270.4 Day Low: 251.8
Target met. Continued trades against EMG with a mid-price ABOVE 270.4 sho ……..
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View Previous MAN & Big Picture ***
LSE:ITRK Intertek Close Mid-Price: 4174 Percentage Change: -4.57% Day High: 4435 Day Low: 4156
If Intertek experiences continued weakness below 4156, it will invariably ……..
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View Previous Intertek & Big Picture ***
LSE:OCDO Ocado Plc Close Mid-Price: 548.8 Percentage Change: -12.16% Day High: 628.8 Day Low: 549.6
Target met. Weakness on Ocado Plc below 549.6 will invariably lead to 518 ……..
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View Previous Ocado Plc & Big Picture ***
LSE:RR. Rolls Royce Close Mid-Price: 144.94 Percentage Change: -0.04% Day High: 147.54 Day Low: 143
Continued trades against RR. with a mid-price ABOVE 147.54 should improve ……..
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View Previous Rolls Royce & Big Picture ***
LSE:STAN Standard Chartered Close Mid-Price: 784.2 Percentage Change: -0.43% Day High: 799.4 Day Low: 777
In the event of Standard Chartered enjoying further trades beyond 799.4, ……..
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View Previous Standard Chartered & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 255 Percentage Change: + 0.31% Day High: 257 Day Low: 252.3
In the event of Tesco enjoying further trades beyond 257, the share shoul ……..
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View Previous Tesco & Big Picture ***