#FTSE #Stoxx50
Formerly known as Scottish & Southern Energy, SSE only enter our awareness here in Argyll, Scotland, when local campaigns are kicked off to protest against onshore windfarms or currently, a bunch of new electricity pylons across the hill behind our house and away into the distance. The problem with the pylons is one of size, apparently at least twice the size of the existing things.
However, this isn’t actually the greatest issue as the new pylons require a tree free corridor 100 metres above and below the line, essentially making forestry uneconomical. Perhaps the penny shall eventually drop of pine trees being not the only type of tree, deciduous trees making for more pleasing visuals.
It’s strange, the company once known as Hydro-Electric, appear to have entered consciousness as always being on the war path to destroy Scotlands scenery, originally with dams everywhere, then pylons and now wind farms and pylons. It’s pretty accurate to describe SSE Plc as a serial polluter of the picture postcard outlook, though, just along the road, there’s a lovely dam and generating station, both perfectly folded into the landscape. The massive blue pipes running down the mountain, not so much…
We had to grin at the police visiting a recent camp SSE established, a team of their engineers surveying the existing pylon route, along with what shall be needed to dismantle and remove existing hardware. The guys were keen to keep their visit low key, establishing themselves within a forest, out of sight from all passers by. Unfortunately, they also chose to haul their caravans and big all terrain trucks into the very place many local dog walkers favour, creating an immediate visual assumption travellers were attempting to establish a ‘wild camping’ site.
A recent fracas, following SSE moving its UK business into a Swiss holding company, provoked the following statement from the UK Labour party. Unusually for politicians, recent antics with electricity prices tend suggest Labour may (unusually) have rare point in their press release;
“The UK’s energy networks are vital strategic infrastructure on which we all rely. You cannot boil a kettle, heat your home or run a business without the grid. The idea that private owners, who have been ripping off the public, would move offshore in an attempt to prolong the rip-off illustrates just why we need the grid back in public hands.”
However, similar to many other companies indulging in profiteering currently, it looks like the markets anticipate positive profit levels for the future from SSE. It’s currently the case where price movement above 1,767 threatens to trigger fairly near term movement to 1,803p. Such a modest movement may prove important, taking the share price into a zone where Big Picture potentials become possible and bringing the suggestion movement above 1,803p should designate a future secondary at 1,909p and probable hesitation, if the visuals can be trusted.
However, share price closure above the discrete Blue line on the chart apparently calculates with a third level for the distant future at 2,078p and a new all time high.
To suggest everything is burning down, the share price needs below 1,630p as this allows reversal to an initial 1,487 with secondary, if broken, at 1,416 and hopefully a bounce.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:23:11PM | BRENT | 77.33 | ‘cess | ||||||||
| 9:25:14PM | GOLD | 1904.28 | |||||||||
| 9:27:37PM | FTSE | 7632.41 | 7582 | 7564 | 7537 | 7620 | 7644 | 7672 | 7729 | 7599 | ‘cess |
| 9:29:32PM | STOX50 | 4175.7 | 4130 | 4118 | 4094 | 4170 | 4189 | 4200 | 4218 | 4152 | |
| 9:59:39PM | GERMANY | 15226 | ‘cess | ||||||||
| 10:01:38PM | US500 | 3920.85 | |||||||||
| 10:04:16PM | DOW | 32120 | |||||||||
| 10:07:53PM | NASDAQ | 12194.22 | ‘cess | ||||||||
| 10:09:41PM | JAPAN | 27425 | ‘cess |
14/03/2023 FTSE Closed at 7637 points. Change of 1.18%. Total value traded through LSE was: £ 5,799,952,343 a change of -34.08%
13/03/2023 FTSE Closed at 7548 points. Change of -2.58%. Total value traded through LSE was: £ 8,798,482,438 a change of 25.79%
10/03/2023 FTSE Closed at 7748 points. Change of -1.66%. Total value traded through LSE was: £ 6,994,694,563 a change of 6.35%
9/03/2023 FTSE Closed at 7879 points. Change of -0.63%. Total value traded through LSE was: £ 6,576,891,587 a change of 1.82%
8/03/2023 FTSE Closed at 7929 points. Change of 0.13%. Total value traded through LSE was: £ 6,459,565,037 a change of 19.23%
7/03/2023 FTSE Closed at 7919 points. Change of -0.13%. Total value traded through LSE was: £ 5,417,813,576 a change of -3.92%
6/03/2023 FTSE Closed at 7929 points. Change of -0.23%. Total value traded through LSE was: £ 5,638,585,361 a change of -4.78%
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:AV. Aviva** **LSE:AZN Astrazeneca** **LSE:CCL Carnival** **LSE:CNA Centrica** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:ITRK Intertek** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:OPG OPG Power Ventures** **LSE:SDY Speedyhire** **LSE:SPT Spirent Comms** **
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Updated charts published on : Aviva, Astrazeneca, Carnival, Centrica, Genel, Gulf Keystone, Glencore Xstra, Intertek, Natwest, Ocado Plc, OPG Power Ventures, Speedyhire, Spirent Comms,
LSE:AV. Aviva. Close Mid-Price: 428.6 Percentage Change: + 1.01% Day High: 432.8 Day Low: 420.9
Target Met. Now below 420 suggests a visit to an initial 410 with secondar ……..
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View Previous Aviva & Big Picture ***
LSE:AZN Astrazeneca. Close Mid-Price: 10686 Percentage Change: + 0.00% Day High: 10730 Day Low: 10574
Weakness on Astrazeneca below 10574 will invariably lead to 9918 with seco ……..
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View Previous Astrazeneca & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 699 Percentage Change: + 1.72% Day High: 705.2 Day Low: 676.2
Continued weakness against CCL taking the price below 676 calculates as le ……..
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View Previous Carnival & Big Picture ***
LSE:CNA Centrica. Close Mid-Price: 107.5 Percentage Change: + 3.42% Day High: 108 Day Low: 103.5
Further movement against Centrica ABOVE 108 should improve acceleration to ……..
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View Previous Centrica & Big Picture ***
LSE:GENL Genel Close Mid-Price: 120 Percentage Change: -1.48% Day High: 120.6 Day Low: 119
In the event Genel experiences weakness below 119, it calculates with a dr ……..
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View Previous Genel & Big Picture ***
LSE:GKP Gulf Keystone. Close Mid-Price: 184.4 Percentage Change: + 0.99% Day High: 185.6 Day Low: 178
Target met or near enough. In the event Gulf Keystone experiences weakness ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:GLEN Glencore Xstra. Close Mid-Price: 461.45 Percentage Change: + 0.60% Day High: 461 Day Low: 447.9
If Glencore Xstra experiences continued weakness below 447, it will invari ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:ITRK Intertek. Close Mid-Price: 4044 Percentage Change: + 0.45% Day High: 4071 Day Low: 3992
In the event Intertek experiences weakness below 3992, it calculates with ……..
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View Previous Intertek & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 277.6 Percentage Change: + 1.98% Day High: 279.8 Day Low: 269
If Natwest experiences continued weakness below 269, it will invariably le ……..
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View Previous Natwest & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 441.2 Percentage Change: + 4.11% Day High: 442.2 Day Low: 419
Continued weakness against OCDO taking the price below 419 calculates as l ……..
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View Previous Ocado Plc & Big Picture ***
LSE:OPG OPG Power Ventures. Close Mid-Price: 9.6 Percentage Change: + 0.00% Day High: 9.9 Day Low: 9.6
All OPG Power Ventures needs are mid-price trades ABOVE 9.9 to improve acc ……..
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View Previous OPG Power Ventures & Big Picture ***
LSE:SDY Speedyhire. Close Mid-Price: 34.25 Percentage Change: + 1.03% Day High: 34.5 Day Low: 33.6
Target Met. Now below 34 threatens a visit to an initial 31.7 with seconda ……..
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View Previous Speedyhire & Big Picture ***
LSE:SPT Spirent Comms Close Mid-Price: 173.6 Percentage Change: -1.31% Day High: 177.4 Day Low: 170.9
This isn’t looking great as continued traffic below 170 still indicates a ……..
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View Previous Spirent Comms & Big Picture ***