Natwest (LSE:NWG), going where it always goes?  

#Brent #Dax  Few market movements are more dismaying than when a share price is gapped (aka manipulated) before a trend line. In the case of Natwest Group, on April 28th, the decision was made to force the share price downward quite forcibly, effectively broadcasting the markets intention for enforce misery of holders of Natwest. The Blue downtrend since 2015 clearly means something to the nice folk who control the markets…

 

The situation now, for Natwest, indicates movement continuing below 250p will probably make an attempt next to an initial 238p with our longer term secondary, if broken, calculating down at 215p and a hopefully proper bottom bounce. There is obviously an issue with the banking sector due to US banks popping like the ulcers of middle management, and it leaves us with a broad expectation things may get worse, despite central banks hiking up interest rates.

There’s now a big problem should our 215p target level eventually break as “bottom” works out at 134p, a number which doesn’t look visually impossible. But it is certainly painful, representing an effective return to a true 13p level, once the historic 2012 10:1 share split is remembered.

 

 

However, given the movement in April highlighted the market places some importance against this long term Blue downtrend, we shall be fascinated if the market opts to invent an excuse to gap Natwest share price above Blue anytime in the next few weeks. Such a movement would be regarded as influential as should Natwest manage to now close a session above 270p, it looks like share price recovery to an initial 298p should make some sense.  If exceeded, our secondary works out at 318p and some potential hesitation, despite such an ambition representing a higher high. While we can introduce a long term 3rd level ambition at 396p, in this scenario, we shall prefer revisit the numbers if the 318p level makes an appearance.

 

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
8:58:12PM	BRENT	74.12	73.88	73.31	72.5	74.51	75.74	76.2	76.92	74.95
8:59:53PM	GOLD	2011.14								2017
9:01:37PM	FTSE	7750.78								7744
9:03:26PM	STOX50	4315.6								4329
9:05:22PM	GERMANY	15886.25	15843	15827	15791	15922	15937	15947	16012	15877
9:06:59PM	US500	4125.97								4135
9:10:06PM	DOW	33290								33338
9:13:07PM	NASDAQ	13342								13326
9:15:17PM	JAPAN	29558								29478

 

12/05/2023 FTSE Closed at 7754 points. Change of 0.31%. Total value traded through LSE was: £ 4,492,113,080 a change of -8.91%

11/05/2023 FTSE Closed at 7730 points. Change of -0.14%. Total value traded through LSE was: £ 4,931,618,860 a change of 7.65%

10/05/2023 FTSE Closed at 7741 points. Change of -0.3%. Total value traded through LSE was: £ 4,581,255,813 a change of -35.41%

9/05/2023 FTSE Closed at 7764 points. Change of -0.18%. Total value traded through LSE was: £ 7,092,371,085 a change of 60.33%

5/05/2023 FTSE Closed at 7778 points. Change of 0.99%. Total value traded through LSE was: £ 4,423,579,038 a change of -18.99%

4/05/2023 FTSE Closed at 7702 points. Change of -1.1%. Total value traded through LSE was: £ 5,460,672,178 a change of 8.08%

3/05/2023 FTSE Closed at 7788 points. Change of 0.19%. Total value traded through LSE was: £ 5,052,417,233 a change of -36.96%

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:FRES Fresnillo** **LSE:GRG Greggs** **LSE:NG. National Glib** **LSE:PMG Parkmead** **LSE:TLW Tullow** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Fresnillo, Greggs, National Glib, Parkmead, Tullow, Zoo Digital,

LSE:FRES Fresnillo Close Mid-Price: 681.2 Percentage Change: -1.33% Day High: 693.6 Day Low: 676.8

Weakness on Fresnillo below 676.8 will invariably lead to 660 with second ……..

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LSE:GRG Greggs Close Mid-Price: 2852 Percentage Change: -0.49% Day High: 2914 Day Low: 2832

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LSE:NG. National Glib. Close Mid-Price: 1162 Percentage Change: + 0.65% Day High: 1167.5 Day Low: 1157

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LSE:PMG Parkmead. Close Mid-Price: 22 Percentage Change: + 0.00% Day High: 22 Day Low: 21.75

Weakness on Parkmead below 21.75 will invariably lead to 19p with seconda ……..

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LSE:TLW Tullow Close Mid-Price: 23.8 Percentage Change: -1.90% Day High: 24.44 Day Low: 23.86

Weakness on Tullow below 23.86 will invariably lead to 22 with secondary, ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 135.5 Percentage Change: -1.81% Day High: 137.5 Day Low: 133.5

Target met. Continued weakness against ZOO taking the price below 133.5 c ……..

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*** End of “Updated Today” comments on shares.