#Brent #US500 Our weekly trawl of Europe, searching for anything “hot” threw up Heidelberg, absolutely nothing to do with the US beer manufacturer, instead, taking their name from our favourite university town in Europe. Born 170 years ago in the place where the printing press was perfected, it wasn’t a surprise to read many of their original printing machines remain in service to this day, despite the model manufacture ceasing in 1985.
Nowadays, Heidelberger appear to be involved in every aspect and stage of printing, even choosing to expand their horizons into offering charging stations for electric vehicles. This appears a strange sideways step for a company who are literally synonymous with the printing industry but they claim their experience in power electronics enabled their establishment as a leading provider of charging systems.
None of this positive bias toward a town actually justified a look at their share price. Instead, price movements during the last few weeks make us suspect a change of pace is planned for this share price. At time of writing, they are trading around 1.71€, needing only above 1.735 to hopefully trigger a surge in the direction of 1.91€.
Our longer term secondary, with movement above such a level, calculates at a future 2.1€, a potentially game changing number as it breaks the share price above a visual barrier at 2€, something the market appears to have invented. It’s quite a big deal, allowing speculation the share price will find itself on a path toward a future 2.9€, along with an urgent need to revisit our calculations.
If things intend going wrong, the share price needs break below Red, presently 1.5 Euro, as this risks pushing reversal down to an initial 1.2 with secondary, if broken, an eventual bottom (hopefully) at 0.89€. For now, our inclination is to anticipate gains for their future.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:08:03PM | BRENT | 77.83 | 77.1 | 72.09 | 67.01 | 83 | 81.3 | 82.27 | 83.97 | 80.3 | Success |
| 11:16:22PM | GOLD | 1990.01 | ‘cess | ||||||||
| 11:19:00PM | FTSE | 7828 | ‘cess | ||||||||
| 11:20:42PM | STOX50 | 4329.9 | ‘cess | ||||||||
| 11:22:54PM | GERMANY | 15754 | ‘cess | ||||||||
| 11:24:43PM | US500 | 4067.87 | 4051 | 4048 | 4033 | 4069 | 4097 | 4112 | 4132 | 4071 | |
| 11:27:22PM | DOW | 33328 | Success | ||||||||
| 11:29:14PM | NASDAQ | 12887 | |||||||||
| 11:31:41PM | JAPAN | 28301 | Success |
26/04/2023 FTSE Closed at 7852 points. Change of -0.49%. Total value traded through LSE was: £ 6,534,580,339 a change of 22.98%
25/04/2023 FTSE Closed at 7891 points. Change of -0.27%. Total value traded through LSE was: £ 5,313,341,670 a change of -9.21%
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%
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:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:GRG Greggs** **LSE:ITM ITM Power** **LSE:JET Just Eat** **LSE:NG. National Glib** **LSE:RKH Rockhopper** **LSE:SBRY Sainsbury** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:TSCO Tesco** **
********
Updated charts published on : BALFOUR BEATTY, Barrett Devs, Greggs, ITM Power, Just Eat, National Glib, Rockhopper, Sainsbury, Scottish Mortgage Investment Trust, Tesco,
LSE:BBY BALFOUR BEATTY. Close Mid-Price: 387.4 Percentage Change: + 0.62% Day High: 388.4 Day Low: 383.4
Further movement against BALFOUR BEATTY ABOVE 389 should improve accelerat ……..
</p
View Previous BALFOUR BEATTY & Big Picture ***
LSE:BDEV Barrett Devs. Close Mid-Price: 495 Percentage Change: + 2.97% Day High: 496.9 Day Low: 479.1
Target Met. This is now getting a bit interesting as above 497 calculates ……..
</p
View Previous Barrett Devs & Big Picture ***
LSE:GRG Greggs. Close Mid-Price: 2834 Percentage Change: + 0.71% Day High: 2838 Day Low: 2780
Further movement against Greggs ABOVE 2838 should improve acceleration tow ……..
</p
View Previous Greggs & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 73.5 Percentage Change: -3.54% Day High: 75.38 Day Low: 73.5
Below 72 now strongly indicates the potential of reversal to 63.5 and hope ……..
</p
View Previous ITM Power & Big Picture ***
LSE:JET Just Eat Close Mid-Price: 1349 Percentage Change: -0.07% Day High: 1358 Day Low: 1312
Continued weakness against JET taking the price below 1312 still calculate ……..
</p
View Previous Just Eat & Big Picture ***
LSE:NG. National Glib Close Mid-Price: 1142 Percentage Change: -1.00% Day High: 1161 Day Low: 1137.5
Continued trades against NG. with a mid-price ABOVE 1161 should improve th ……..
</p
View Previous National Glib & Big Picture ***
LSE:RKH Rockhopper Close Mid-Price: 12.1 Percentage Change: -4.54% Day High: 12.3 Day Low: 11.75
In the event of Rockhopper enjoying further trades beyond 13.1, the share ……..
</p
View Previous Rockhopper & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 283.9 Percentage Change: + 1.21% Day High: 284.1 Day Low: 278.8
Target Met. Now above 285p should make an attempt at 298p next with second ……..
</p
View Previous Sainsbury & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 613.6 Percentage Change: -1.32% Day High: 623.4 Day Low: 604.8
Target Met. Continued weakness against SMT taking the price below 604 calc ……..
</p
View Previous Scottish Mortgage Investment Trust & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 279.6 Percentage Change: + 0.47% Day High: 280.3 Day Low: 275.8
In the event of Tesco enjoying further trades beyond 281, the share should ……..
</p
View Previous Tesco & Big Picture ***