Sometimes, I suspect my foibles drive my wife crazy. She’ll sometimes go to bed around 9pm, thanks to a commute which starts at 5am and as every bloke knows, you’re only wide awake from 9pm onward. In the last year, evenings same me built a rock grinding machine, a generator, and a room heater for pyromaniacs. But top marks were awarded to my bread making fascination.
As a Coeliac, gluten free bread became essential and as a Diabetic, the right bread was difficult to say the least. Eventually producing something which was edible though quite literally unable to be toasted, possibly due to almond flour creating fireproof content. But I kept experimenting while my wife slept, constantly improving/changing the recipe until things started to approach the dizzy heights of edible. Unfortunately, along came Deutsche Bank and the inevitable memory of Munich hauptbahnhof (central station), a delight in the 1990’s when travelling to Frankfurt for waste of time meetings. Early mornings at the hauptbahnhof introduced me to chocolate croissants, possibly the best in the world, from one of the many vendors with carts. They were literally so good, when I left Munich for the last time to drive home, a stop at the railway station to pick up an order of 40 was mandated.
Inspiration comes from strange places! Deutsche Bank’s troubles a reminder of Munich station, influenced an attempt to reproduce the flavour of these croissants and thankfully, success arrived just before the clocks changed for summer. Rather than employ normal chocolate, nirvana came from dark chocolate with something like 90% cacoa, safe for Diabetics and, to be fair, pretty disgusting otherwise. But grating the stuff and embedding a layer into my bread mix, once the dough had sat for an hour or two, created a dough which, when cooked, took me back to Munich and the perfect croissant.
No matter how kindly I’m inclined toward Germany (just because of a croissant!), it looks certain Deutsche Bank are in quite a bit of trouble. Weakness continuing below 7.94 looks very capable of an attempt at 7.04 next with secondary, if broken, at 6.83. The proximity of these target levels tends suggest an imminent bounce point, one which is visually hard to justify as overall, there’s a heck of an argument suggesting our croissant inspiration shall eventually bottom at 3.11€
At present, DBK needs above 10.4€ to escape this horrible and ridiculous looking fate, a share price lower than the good old days of Covid-19 and 4.44€. Who knows, perhaps the market shall believe the platitudes from German politicians stating Deutsche Bank is as solid as they come?
Lloyds Bank managed to assiduously avoid being gapped above 54p in the period since our last analysis, calling into question any reason for optimism. While manipulation gaps have certainly appeared against Lloyds, the imperative has been to force the price downward, the share price clearly singing from the same songbook as the rest of the banking sector. The situation now is quite caustic, demanding Lloyds trade above 49.5p to next enter a cycle to 51.3p with secondary, if exceeded, calculation at a potentially game changing 56p.
However, the converse is now looking dangerously probable.
Lloyds Banking Group has now closed at the lowest level of 2023, the share price looking dodgy and doubtless reflecting the confidence folk feel, once again, for the prospects for the banking sector. From a glance through internet chat rooms, about the only saving grace was a comment from a team of analysts at Bank of America, suggesting they’ve identified the next market bubble and now is the time to sell shares rather than buy. A fairly straightforward suggestion is, if a bank says one thing, it’s probably the perfect time to do the exact opposite!
On the basis the plethora of signals advocating more reversals in bank share prices shall prove correct, Lloyds has the capacity to become troubling, should their share price stumble below 44.9p as reversal to an initial 43p calculates as possible. Breakage of such a target level is troublesome, working out with the chance of a visit to 41.5p, along with a distinct probability of the price closing a session below Red on the chart. This would effectively move the share value from Near Term calculations into Bigger Picture calculations with the opportunity for more energetic reversals, perhaps even kicking off a cycle which shall hopefully bottom eventually around the 29p level.
We live in interesting times.
|Time Issued||Market||Price At Issue||Short Entry||Fast Exit||Slow Exit||Stop||Long Entry||Fast Exit||Slow Exit||Stop|
24/03/2023 FTSE Closed at 7405 points. Change of -1.25%. Total value traded through LSE was: £ 5,661,322,709 a change of -17%
23/03/2023 FTSE Closed at 7499 points. Change of -0.89%. Total value traded through LSE was: £ 6,821,003,257 a change of 31.84%
22/03/2023 FTSE Closed at 7566 points. Change of 0.4%. Total value traded through LSE was: £ 5,173,752,790 a change of 1.87%
21/03/2023 FTSE Closed at 7536 points. Change of 1.8%. Total value traded through LSE was: £ 5,078,878,926 a change of -18.94%
20/03/2023 FTSE Closed at 7403 points. Change of 0.93%. Total value traded through LSE was: £ 6,265,515,535 a change of -57.61%
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%
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 firstname.lastname@example.org. 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:AVCT Avacta** **LSE:CCL Carnival** **LSE:EME Empyrean** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:SDY Speedyhire** **
Updated charts published on : Avacta, Carnival, Empyrean, ITM Power, Intertek, Speedyhire,
LSE:AML Aston Martin Close Mid-Price: 212.8 Percentage Change: -4.10% Day High: 226.9 Day Low: 210.5
Target met. Weakness on Aston Martin below 210.5 will invariably lead to ……..
LSE:AVCT Avacta. Close Mid-Price: 113.5 Percentage Change: + 0.89% Day High: 116.5 Day Low: 108.5
In the event Avacta experiences weakness below 108.5 it calculates with a ……..
LSE:CCL Carnival Close Mid-Price: 652.6 Percentage Change: -2.54% Day High: 681.8 Day Low: 648.2
If Carnival experiences continued weakness below 648.2, it will invariabl ……..
LSE:EME Empyrean Close Mid-Price: 1.1 Percentage Change: -11.49% Day High: 1.1 Day Low: 1.1
Continued weakness against EME taking the price below 1.1 calculates as l ……..
LSE:ITM ITM Power Close Mid-Price: 75.06 Percentage Change: -4.02% Day High: 78.98 Day Low: 72.92
In the event ITM Power experiences weakness below 72.92 it calculates wit ……..
LSE:ITRK Intertek Close Mid-Price: 3923 Percentage Change: -1.97% Day High: 3997 Day Low: 3906
If Intertek experiences continued weakness below 3906, it will invariably ……..
LSE:SDY Speedyhire Close Mid-Price: 33.25 Percentage Change: -0.75% Day High: 33.5 Day Low: 32.9
Weakness on Speedyhire below 32.9 will invariably lead to 31.7 with secon ……..
*** End of “Updated Today” comments on shares.
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