#Brent #Dax
Grand-daughters visiting for a joint mothers day afforded the opportunity to dovetail events into a story about Barclays share price. The current interest of one of the girls is hunting for treasure, specifically Geodes, these black rocks you can hit with a hammer, exposing a core of red, green, or commonly purple crystals. Argyll, the home of rocky ground and mountains, is a known source for these treasures, if you know where to look.
We don’t know where to look!
Sunday morning saw me detailed to entertain the girls, while their mother and her mother enjoyed croissants and coffee, along with chocolates and associated mothers day edibles. The plan, transparently, was to allow them to gorge the treats in peace, without sharing with grandchildren, Meanwhile, we got to walk in the rain, in the countryside. Rather than actually doing any real searching, low river levels suggested it might prove worthwhile examining areas where the river bank had collapsed, during serious rain earlier this year. The cunning plan proved worthwhile, my back-pack growing heavier as the morning continued although, to my untrained eye, it was already pretty obvious I was transporting common rocks, rather than crystal bearing Geodes.
Eventually, we reached a familiar rocky beach on the river, a favourite place to take the girls paddle boarding in summer, the fairly deep pool making the river flow slowly. Once again, the children started searching for Geodes, one utterly convinced she’s found a genuine one and handed me a bit of charcoal she’d dug out of the ground. Pretending to examine it carefully, the penny dropped she’d found genuine treasure. There was a little flake of gold among the grit attached to the charcoal. Finally excited, I attempted to enthuse the girls with news of their find as this was the real deal. We’d found Gold but neither was impressed. They wanted Geodes, rather than useless little fragments of metal.
It was only once we returned home, my wife and daughter suitably impressed with the Gold, did I discover the girls real motivation. Once the back pack was emptied, the girls had a great time using a selection of hammers to break the rocks open.
And this brings us to Barclays, ‘cos someone really needs hit it with a big hammer in the hope of finding value within!
The last three weeks have prove hostile to Barclays share price. It indeed reverse to our 150p, bounce briefly to an unimpressive 157p, and has now fallen further. It’s emphatically not a happy share price, doubtless not helped by the wider trauma amongst banks. News over the weekend of UBS buying Credit Suisse to contain the crisis feels oddly reminiscent of Halifax taking over Bank of Scotland in a government forced deal, when the previous banking crisis was gathering steam in 2008.
By around just 0.32p, by closing Friday at 139.56p, Barclays managed to enter the weekend with a slightly higher closing price than its previous low of 138.24p. This, thankfully, didn’t suggest immediate panic despite the behaviour of the wider market. But the bank did close below the Red uptrend since 2020 and now requires to close a session above 142.012p to suggest the reversal has all been a dreadful mistake.
The situation now suggests weakness below 137.7p should provoke reversal to an initial 134.7 with secondary, if broken, at 115.2p and hopefully a bottom.
In the event things intend start going right for Barclays, their share price needs better 167p to give early warning of recovery to an initial 197p with secondary, if bettered, at 218p and considerable hope for the future.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 8:56:44PM | BRENT | 72.5 | 71.3 | 69.59 | 68.88 | 73.51 | 74.98 | 75.38 | 76.72 | 74.11 |
| 8:58:38PM | GOLD | 1989.82 | ||||||||
| 9:00:46PM | FTSE | 7312.22 | ||||||||
| 9:03:01PM | STOX50 | 4065.8 | ||||||||
| 9:05:54PM | GERMANY | 14768 | 14691 | 14503 | 14283 | 14817 | 14890 | 14938 | 15020 | 14782 |
| 9:08:09PM | US500 | 3916.27 | ||||||||
| 9:10:38PM | DOW | 31848.2 | ||||||||
| 9:15:31PM | NASDAQ | 12519.7 | ||||||||
| 9:17:33PM | JAPAN | 26939 |
17/03/2023 FTSE Closed at 7335 points. Change of -1.01%. Total value traded through LSE was: £ 14,781,854,376 a change of 86.96%
16/03/2023 FTSE Closed at 7410 points. Change of 0.9%. Total value traded through LSE was: £ 7,906,260,016 a change of -5.19%
15/03/2023 FTSE Closed at 7344 points. Change of -3.84%. Total value traded through LSE was: £ 8,338,790,623 a change of 43.77%
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%
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:AV. Aviva** **LSE:BARC Barclays** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:PMG Parkmead** **LSE:ZOO Zoo Digital** **
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Updated charts published on : Aston Martin, Aviva, Barclays, British Airways, IG Group, Natwest, Ocado Plc, Parkmead, Zoo Digital,
LSE:AML Aston Martin Close Mid-Price: 232.3 Percentage Change: -3.05% Day High: 254.2 Day Low: 226.3
If Aston Martin experiences continued weakness below 226, it will invariab ……..
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View Previous Aston Martin & Big Picture ***
LSE:AV. Aviva Close Mid-Price: 402.2 Percentage Change: -3.08% Day High: 420.9 Day Low: 400.7
If Aviva experiences continued weakness below 400.7, it will invariably l ……..
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View Previous Aviva & Big Picture ***
LSE:BARC Barclays Close Mid-Price: 139.56 Percentage Change: -1.98% Day High: 145.38 Day Low: 137.74
Weakness on Barclays below 137.74 will invariably lead to 134p with secon ……..
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View Previous Barclays & Big Picture ***
LSE:IAG British Airways Close Mid-Price: 133.26 Percentage Change: -2.39% Day High: 140 Day Low: 132.08
If British Airways experiences continued weakness below 132.08, it will ……..
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View Previous British Airways & Big Picture ***
LSE:IGG IG Group Close Mid-Price: 673.5 Percentage Change: -2.88% Day High: 697.5 Day Low: 669.5
Target met. Weakness on IG Group below 669.5 will invariably lead to 645 ……..
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View Previous IG Group & Big Picture ***
LSE:NWG Natwest Close Mid-Price: 258 Percentage Change: -1.38% Day High: 266.2 Day Low: 254.2
Continued weakness against NWG taking the price below 254.2 calculates as ……..
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View Previous Natwest & Big Picture ***
LSE:OCDO Ocado Plc Close Mid-Price: 416.1 Percentage Change: -4.48% Day High: 459.4 Day Low: 403
In the event Ocado Plc experiences weakness below 403 it calculates with ……..
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View Previous Ocado Plc & Big Picture ***
LSE:PMG Parkmead Close Mid-Price: 36 Percentage Change: -5.76% Day High: 37.4 Day Low: 35
Weakness on Parkmead below 35 will invariably lead to 31 with secondary, ……..
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View Previous Parkmead & Big Picture ***
LSE:ZOO Zoo Digital. Close Mid-Price: 207.5 Percentage Change: + 1.22% Day High: 219 Day Low: 205
Target met. All Zoo Digital needs are mid-price trades ABOVE 219 to impro ……..
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View Previous Zoo Digital & Big Picture ***