#Brent #Dax
An attempt at rationing all 8 episodes of the excellent Clarkson’s Farm season 2 to avoid binging worked out, until Episode 7. His battle with the local council demanded the 8th and final episode was also consumed, the behaviour of a particular calf reminding me quite sharply we’d to run an analysis on Lloyds.
The similarity between the calf and Lloyds wasn’t difficult to miss. When the 4 legged monster decided it was going to wander away from the herd and ascend a low mound, virtually all of Clarkston’s staff eventually congregated at the top of the mound, trying to get the animal to come down. Among the hilarity was a clear simile between bovine behaviour and the British banking industry. The banks should be heading in a particular direction, instead choosing to wander off and do their own thing, to heck with everything else.
After all, we should have anticipated, with the FTSE at all time record levels, the big three retail banks each enjoying a share price which appears to have absolved itself of any need to make useful movements which will impress investors. Currently, we would like to see Barclays discover sufficient excuse to wake up one morning and “gap” the share price above 181p. Equally, if Natwest “gapped” itself above 314p, we’d be aghast and Lloyds only need leap above 54p. A group of movements such as this would (probably) prove quite special for the retail banks, firmly and finally giving a strong signal something positive is happening.
Alternately, maybe Mr Clarkson’s girlfriend could get behind the shares, armed with her springy cane which she used to motivate the cow to grudgingly wander in the correct direction, her method of making herself as wide as possible being one which really works. But for local Highland cows here in Argyll, wandering along a lane, it’s generally easy to redirect them before they hit the main road.
In the event some dreams come true, what should we now anticipate if Lloyds share price somehow is gapped above 54p?
Initially, we expect movement to an initial 63p and possible hesitation. Our secondary, if such a level is bettered, works out at a quite useful 76p, hopefully a significant number. As the chart below shows, there’s a historical glass ceiling around the 73p level and closure above this green line shall be important for the longer term, punting the share into a zone where we shall now see a longer term attraction as coming from 123p.
For now, we lack any real confidence due to recent movements but genuinely suspect “the tell” will be the markets discovering a reason to gap bank shares up at the open one day.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 6:14:26PM | BRENT | 85.91 | 83.6 | 82.89 | 81.88 | 85 | 85.92 | 86.035 | 87.3 | 84.86 |
| 6:17:12PM | GOLD | 1855.43 | 1841 | |||||||
| 6:19:30PM | FTSE | 7956.81 | 7936 | |||||||
| 6:21:08PM | STOX50 | 4317 | 4286 | |||||||
| 6:23:18PM | GERMANY | 15627 | 15439 | 15377 | 15291 | 15537 | 15636 | 15648 | 15694 | 15573 |
| 6:25:12PM | US500 | 4043.32 | 4009 | |||||||
| 6:28:04PM | DOW | 33348 | 33085 | |||||||
| 6:32:03PM | NASDAQ | 12286 | 12108 | |||||||
| 6:34:02PM | JAPAN | 28200 | 28040 |
3/03/2023 FTSE Closed at 7947 points. Change of 0.04%. Total value traded through LSE was: £ 5,921,700,262 a change of -13.69%
2/03/2023 FTSE Closed at 7944 points. Change of 34.33%. Total value traded through LSE was: £ 6,861,176,489 a change of -1.62%
1/03/2023 FTSE Closed at 5914 points. Change of -24.91%. Total value traded through LSE was: £ 6,974,404,128 a change of -21.96%
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%
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:BT.A British Telecom** **LSE:CPI Capita** **LSE:EMG MAN** **LSE:IDS International Distribution** **LSE:IPF International Personal Finance** **LSE:OXIG Oxford Instruments** **LSE:RR. Rolls Royce** **
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Updated charts published on : Aston Martin, British Telecom, Capita, MAN, International Distribution, International Personal Finance, Oxford Instruments, Rolls Royce,
LSE:AML Aston Martin. Close Mid-Price: 240 Percentage Change: + 9.84% Day High: 249.7 Day Low: 212.1
Now above 251 should indicate 271 next with secondary, if beaten, now at 3 ……..
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View Previous Aston Martin & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 144.85 Percentage Change: + 2.37% Day High: 145.75 Day Low: 142.5
All British Telecom needs are mid-price trades ABOVE 145.75 to improve ac ……..
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View Previous British Telecom & Big Picture ***
LSE:CPI Capita. Close Mid-Price: 39.12 Percentage Change: + 12.22% Day High: 39.7 Day Low: 34.72
Target met. In the event of Capita enjoying further trades beyond 39.7, t ……..
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View Previous Capita & Big Picture ***
LSE:EMG MAN Close Mid-Price: 283.7 Percentage Change: -1.08% Day High: 292.2 Day Low: 282.8
All MAN needs are mid-price trades ABOVE 292.2 to improve acceleration to ……..
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View Previous MAN & Big Picture ***
LSE:IDS International Distribution. Close Mid-Price: 246.6 Percentage Change: + 5.07% Day High: 247.6 Day Low: 233
Continued trades against IDS with a mid-price ABOVE 247.6 should improve ……..
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View Previous International Distribution & Big Picture ***
LSE:IPF International Personal Finance. Close Mid-Price: 114 Percentage Change: + 1.79% Day High: 116 Day Low: 111.4
Target met. Further movement against International Personal Finance ABOVE ……..
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View Previous International Personal Finance & Big Picture ***
LSE:OXIG Oxford Instruments Close Mid-Price: 2565 Percentage Change: -2.29% Day High: 2650 Day Low: 2580
All Oxford Instruments needs are mid-price trades ABOVE 2650 to improve a ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 149.64 Percentage Change: + 1.00% Day High: 150 Day Low: 148.02
Further movement against Rolls Royce ABOVE 150 should improve acceleratio ……..
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View Previous Rolls Royce & Big Picture ***