#Gold #SP500 Traditionally, we’re quite disparaging at the Share Split game played, mainly by AIM shares, to manipulate share prices. The usual, we’ll take 100 of your shares and give back one shiny new one, is employed to make a share sound more respectable. Generally, this manoeuvre ends in tears at worst or more commonly, utter boredom for the future share price.
JD Sports are the opposite.
The last 9 years have seen JD take a converse approach, saying we’ll take 1 of your shares and give 4 back, an effort to ensure the company share price remains respectable. Then they did a 1:5 split in 2016 and finally, another 1:5 split in 2021. This sort of behaviour is the sort of thing we’ve noticed with Apple over the years, a constant effort being made to make their share price reside in the realms of the believable. Apple, of course, the US company now deemed worth more than all the US Russell 2000 constituents combined!
This being the case, perhaps it shall prove being wise to take an “Apple” approach, aka using an optimistic bias. For JD Sports, presently trading around 174p, above just 179p should now promote the concept of ongoing growth to an initial 196p. If exceeded, our longer term secondary works out at 232p along with almost certain hesitation, due to prior highs. In this instance, closure above our 232p is liable to prove important for the more distant future, nudging the share price into a zone where a future 294p becomes believable.
If everything intends go wrong for JD Sports, their share price needs wither below 156p to ring alarm bells, risking triggering reversal to an initial 135p with secondary, if broken, a probable bottom of 116p.
For now, we suspect this intends head to the 232p level.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:42:52PM | BRENT | 75.39 | 74.42 | ||||||||
| 9:45:05PM | GOLD | 2016.12 | 2008 | 2005.5 | 2000 | 2016 | 2023 | 2026 | 2034 | 2014 | |
| 9:46:48PM | FTSE | 7788.57 | ‘cess | ||||||||
| 9:48:45PM | STOX50 | 4329.9 | |||||||||
| 9:50:53PM | GERMANY | 15937.84 | ‘cess | ||||||||
| 10:20:24PM | US500 | 4137.32 | 4110 | 4100 | 4085 | 4129 | 4145 | 4153 | 4160 | 4133 | |
| 10:22:28PM | DOW | 33351 | |||||||||
| 10:24:40PM | NASDAQ | 13410 | ‘cess | ||||||||
| 10:27:45PM | JAPAN | 29850 | Success |
15/05/2023 FTSE Closed at 7777 points. Change of 0.3%. Total value traded through LSE was: £ 4,944,763,554 a change of 10.08%
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 -100%. Total value traded through LSE was: £ 5,460,672,178 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:ASC Asos** **LSE:CNA Centrica** **LSE:FRES Fresnillo** **LSE:HSBA HSBC** **LSE:ITM ITM Power** **LSE:NG. National Glib** **LSE:RBD Reabold Resources PLC** **LSE:SBRY Sainsbury** **LSE:TLW Tullow** **
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Updated charts published on : Asos, Centrica, Fresnillo, HSBC, ITM Power, National Glib, Reabold Resources PLC, Sainsbury, Tullow,
LSE:ASC Asos Close Mid-Price: 400.5 Percentage Change: -20.69% Day High: 480 Day Low: 382
Target Met. This is now officially dodgy as below 382 indicates the strong ……..
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View Previous Asos & Big Picture ***
LSE:CNA Centrica. Close Mid-Price: 117.55 Percentage Change: + 2.44% Day High: 118 Day Low: 114.75
All Centrica needs are mid-price trades ABOVE 118 to continue acceleration ……..
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View Previous Centrica & Big Picture ***
LSE:FRES Fresnillo Close Mid-Price: 680.2 Percentage Change: -0.15% Day High: 686.2 Day Low: 675
Weakness on Fresnillo below 675 will invariably lead to 668 with secondary ……..
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View Previous Fresnillo & Big Picture ***
LSE:HSBA HSBC. Close Mid-Price: 611 Percentage Change: + 1.88% Day High: 611.1 Day Low: 603.7
In the event of HSBC enjoying further trades beyond 612, the share should ……..
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View Previous HSBC & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 72.04 Percentage Change: -4.23% Day High: 76 Day Low: 67.34
Below 67 now still indicates the potential of reversal to 63.5 and hopeful ……..
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View Previous ITM Power & Big Picture ***
LSE:NG. National Glib Close Mid-Price: 1160.5 Percentage Change: -0.13% Day High: 1181 Day Low: 1157
Target Met. Moves next above 1181 suggests a visit to 1198 next with secon ……..
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View Previous National Glib & Big Picture ***
LSE:RBD Reabold Resources PLC Close Mid-Price: 0.15 Percentage Change: -17.48% Day High: 0.18 Day Low: 0.15
Target Met. Perhaps this is now at bottom as below .15 allows for a visit ……..
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View Previous Reabold Resources PLC & Big Picture ***
LSE:SBRY Sainsbury Close Mid-Price: 287.5 Percentage Change: -0.62% Day High: 290.7 Day Low: 286.9
All Sainsbury needs are mid-price trades ABOVE 291 to improve acceleration ……..
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View Previous Sainsbury & Big Picture ***
LSE:TLW Tullow Close Mid-Price: 23.46 Percentage Change: -1.43% Day High: 23.82 Day Low: 22.8
Weakness on Tullow below 22.8 will invariably lead to 22 with secondary, i ……..
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View Previous Tullow & Big Picture ***