#Gold #DAX Typically, we trawl Google News for some salacious gossip regarding whatever share is our focus on any particular evening. Today, for a change, we’d a slightly different motive as BT’s share price appears to be making some positive movements. Surely nothing to do with their relationship with Amazon Web Services (AWS) as it’s difficult to identify any real benefit for BT from this partnership.
Yet, the BT Group newsroom continue to issue Press Releases waxing lyrical about their collaboration, the most recent containing the sentence; “This allows BT customers to benefit from improved simplicity when purchasing via AWS Marketplace”.
It’s pretty sane to suggest if Amazon identify a method by which purchasing from Amazon can be made simpler, they shall roll it out for all their customers, not just BT’s. And why is there no mention of BT actually profiting from any of these simplified purchases?
However, aside from our cynical nature, it feels like the market has seen something about BT as their share price looks poised to experience some gains.
There is a pretty solid looking downtrend which dates back to 2016 and currently, price movements exceeding 154.05p should make an attempt at an initial 161p next. As the chart below highlights, this implies a challenge of the Blue downtrend, along with a theory of closure above 161p entering a zone where we can dare speculate on the potential of longer term traffic to a future 211p. While conventional wisdom suggests the risk of some hesitation at such a level, due to the share price’s historical behaviour, the perceived Glass Ceiling is around the 208p level, allowing significant hope the share price shall find any delay just above the 2 quid level as being a fleeting impediment. We shall revisit our analysis should such a level be achieved as some quite strong long term recovery becomes possible.
A converse picture demands the share price dial itself back below 134p to ring a wrong number as an initial 129 calculates as possible with secondary, if broken, at 106p and hopefully a trampoline empowered bottom. The implications, should 106p ever break, are silly.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:15:52PM | BRENT | 85.4 | Shambles | ||||||||
| 9:18:10PM | GOLD | 2004.19 | 1995 | 1992 | 1987 | 2003 | 2007.5 | 2014 | 2025 | 2000 | |
| 9:26:22PM | FTSE | 7791.56 | Success | ||||||||
| 9:27:53PM | STOX50 | 4339.7 | |||||||||
| 9:30:21PM | GERMANY | 15682.86 | 15622 | 15589 | 15540 | 15677 | 15710 | 15742 | 15782 | 15663 | |
| 9:32:26PM | US500 | 4116.47 | ‘cess | ||||||||
| 9:34:51PM | DOW | 33718.2 | Success | ||||||||
| 9:36:50PM | NASDAQ | 12988.55 | Shambles | ||||||||
| 9:38:44PM | JAPAN | 28041 | Success |
11/04/2023 FTSE Closed at 7785 points. Change of 0.57%. Total value traded through LSE was: £ 6,576,655,503 a change of 53.55%
6/04/2023 FTSE Closed at 7741 points. Change of 1.03%. Total value traded through LSE was: £ 4,283,125,901 a change of -14.63%
5/04/2023 FTSE Closed at 7662 points. Change of 0.37%. Total value traded through LSE was: £ 5,017,004,065 a change of -11.84%
4/04/2023 FTSE Closed at 7634 points. Change of -0.51%. Total value traded through LSE was: £ 5,690,797,913 a change of -12.58%
3/04/2023 FTSE Closed at 7673 points. Change of 0.55%. Total value traded through LSE was: £ 6,510,009,325 a change of 8.45%
31/03/2023 FTSE Closed at 7631 points. Change of -100%. Total value traded through LSE was: £ 6,002,582,813 a change of 0%
30/03/2023 FTSE Closed at 7620 points. Change of 0%. Total value traded through LSE was: £ 4,859,647,247 a change of 0%
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:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BLOE Block Energy PLC** **LSE:BT.A British Telecom** **LSE:CNA Centrica** **LSE:HSBA HSBC** **LSE:IGAS Igas Energy** **LSE:JET Just Eat** **LSE:LLOY Lloyds Grp.** **LSE:PHP Primary Health** **
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Updated charts published on : Aston Martin, Astrazeneca, Barclays, Block Energy PLC, British Telecom, Centrica, HSBC, Igas Energy, Just Eat, Lloyds Grp., Primary Health,
LSE:AML Aston Martin. Close Mid-Price: 227.6 Percentage Change: + 3.36% Day High: 230.4 Day Low: 221.8
Further movement against Aston Martin ABOVE 230.4 should improve accelera ……..
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View Previous Aston Martin & Big Picture ***
LSE:AZN Astrazeneca Close Mid-Price: 11630 Percentage Change: -0.60% Day High: 11786 Day Low: 11574
In the event of Astrazeneca enjoying further trades beyond 11786, the sha ……..
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View Previous Astrazeneca & Big Picture ***
LSE:BARC Barclays. Close Mid-Price: 152.54 Percentage Change: + 0.61% Day High: 154.06 Day Low: 151.78
Further movement against Barclays ABOVE 154.06 should improve acceleratio ……..
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View Previous Barclays & Big Picture ***
LSE:BLOE Block Energy PLC. Close Mid-Price: 1.95 Percentage Change: + 34.48% Day High: 1.98 Day Low: 1.5
Target met. In the event of Block Energy PLC enjoying further trades beyo ……..
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View Previous Block Energy PLC & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 152.85 Percentage Change: + 2.31% Day High: 153.85 Day Low: 150.4
Continued trades against BT.A with a mid-price ABOVE 153.85 should improv ……..
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View Previous British Telecom & Big Picture ***
LSE:CNA Centrica. Close Mid-Price: 112.9 Percentage Change: + 1.39% Day High: 114.6 Day Low: 111.35
Target met. Further movement against Centrica ABOVE 114.6 should improve ……..
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View Previous Centrica & Big Picture ***
LSE:HSBA HSBC Close Mid-Price: 562.4 Percentage Change: -0.09% Day High: 564.4 Day Low: 558.3
This continues to refuse to do anything interesting. However, now above 56 ……..
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View Previous HSBC & Big Picture ***
LSE:IGAS Igas Energy. Close Mid-Price: 17.31 Percentage Change: + 0.12% Day High: 17.8 Day Low: 16
In the event of Igas Energy enjoying further trades beyond 17.8, the shar ……..
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View Previous Igas Energy & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 1344 Percentage Change: + 1.13% Day High: 1356 Day Low: 1294
Continued weakness against JET taking the price below 1294 calculates as ……..
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View Previous Just Eat & Big Picture ***
LSE:LLOY Lloyds Grp.. Close Mid-Price: 49.43 Percentage Change: + 0.84% Day High: 49.9 Day Low: 48.91
Target met. Continued trades against LLOY with a mid-price ABOVE 49.9 sho ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:PHP Primary Health. Close Mid-Price: 105.6 Percentage Change: + 0.96% Day High: 106.3 Day Low: 103.9
Further movement against Primary Health ABOVE 106.3 should improve accele ……..
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View Previous Primary Health & Big Picture ***