#Gold #SP500 We suspect some of the original Prudential DNA remains embedded with M&G Plc (Municipal & General Securities Co), despite them demerging in 2019. If jumping out of bed and checking the markets at the open is your thing, neither Prudential nor M&G ever appear to justify a quick glance, each enjoying price movements which always seem to take an age to occur.
Perhaps some of this lethargy dates back to 1931, when M&G held shares in 24 companies, a fixed portfolio which had a fixed lifespan of 20 years. Nowadays, their share price is a little more flamboyant, currently trading around 202p and achieving a bandwidth of 70p of movement, 35p up and 35p down since August 2021. There are early signs a change of pace may be in the offing, the share price needing to CLOSE a session above 207p and ideally triggering a breakout from this sleepy behaviour.
Closure above 207p should hopefully trigger gains to an initial 228 and a challenge of the immediate Blue downtrend. In the event 228 is exceeded, hopefully we shall witness ongoing traffic toward 252p and the hope of a significant change of pace for the longer term. Visually, there has been a pretty obvious glass ceiling at such a level for years and, on the basis of ‘3rd time lucky’, it’s entirely possible a run up to an amazing looking 320p may commence. Goodness knows how long it may take!
If everything intends go wrong, the share price needs trade below 175p (Red) to risk promoting low level hysterics, calculating with the potential of reversals to an initial 140p with secondary, if broken, an eventual bottom down at 94p.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:55:11PM | BRENT | 82.46 | ‘cess | ||||||||
| 9:57:22PM | GOLD | 1989.31 | 1971 | 1964 | 1955 | 1985 | 1990 | 1994 | 2001 | 1982 | |
| 9:59:51PM | FTSE | 7905.68 | |||||||||
| 10:02:06PM | STOX50 | 4396.8 | |||||||||
| 10:04:23PM | GERMANY | 15859.38 | 15827 | 15806 | 15768 | 15869 | 15900 | 15921 | 15951 | 15857 | Shambles |
| 10:10:34PM | US500 | 4139.29 | |||||||||
| 10:13:10PM | DOW | 33853 | |||||||||
| 10:16:53PM | NASDAQ | 12973 | |||||||||
| 10:19:18PM | JAPAN | 28678 |
24/04/2023 FTSE Closed at 7912 points. Change of -0.03%. Total value traded through LSE was: £ 5,852,631,583 a change of -1.53%
21/04/2023 FTSE Closed at 7914 points. Change of 0.15%. Total value traded through LSE was: £ 5,943,468,959 a change of 7%
20/04/2023 FTSE Closed at 7902 points. Change of 0.05%. Total value traded through LSE was: £ 5,554,730,029 a change of 35.28%
19/04/2023 FTSE Closed at 7898 points. Change of -0.14%. Total value traded through LSE was: £ 4,106,183,420 a change of -11.15%
18/04/2023 FTSE Closed at 7909 points. Change of 0.38%. Total value traded through LSE was: £ 4,621,350,278 a change of -3.08%
17/04/2023 FTSE Closed at 7879 points. Change of 0.1%. Total value traded through LSE was: £ 4,768,055,555 a change of -13.28%
14/04/2023 FTSE Closed at 7871 points. Change of 0.36%. Total value traded through LSE was: £ 5,498,351,712 a change of 11.26%
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:GRG Greggs** **LSE:HIK Hikma** **LSE:IDS International Distribution** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:TSCO Tesco** **
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Updated charts published on : Greggs, Hikma, International Distribution, Scottish Mortgage Investment Trust, Tesco,
LSE:GRG Greggs. Close Mid-Price: 2814 Percentage Change: + 0.14% Day High: 2828 Day Low: 2790
Further movement against Greggs ABOVE 2828 should improve acceleration to ……..
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View Previous Greggs & Big Picture ***
LSE:HIK Hikma. Close Mid-Price: 1844 Percentage Change: + 0.74% Day High: 1885 Day Low: 1833.5
In the event of Hikma enjoying further trades beyond 1885, the share shou ……..
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View Previous Hikma & Big Picture ***
LSE:IDS International Distribution. Close Mid-Price: 254.6 Percentage Change: + 1.52% Day High: 258.9 Day Low: 250.4
Target met. All International Distribution needs are mid-price trades ABO ……..
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View Previous International Distribution & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 632.8 Percentage Change: -1.83% Day High: 645.6 Day Low: 633.8
Continued weakness against SMT taking the price below 633.8 calculates as ……..
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View Previous Scottish Mortgage Investment Trust & Big Picture ***
LSE:TSCO Tesco Close Mid-Price: 278.1 Percentage Change: -0.29% Day High: 279.6 Day Low: 276.8
In the event of Tesco enjoying further trades beyond 279.6, the share sho ……..
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View Previous Tesco & Big Picture ***