#Stocks50 #Nasdaq As it has been nearly a year since our previous GSK review, we’d hoped for something approaching useful share price behaviour but instead, the company has managed a level of stability usually seen in the banking sector. This, of course, is a polite way of saying “nothing much happening!” which is a surprise. Glancing at their Wiki page, they could inspire an entire franchise of movies capable of challenging ‘Pirates of the Caribbean’ or ‘Jason Bourne’ due to an eye watering range of fines levied for corporate misbehaviour and oopsies.
However, speaking as someone whose daily diet includes at least 3 of their pharmaceutical products, GSK are obviously a brilliant, innovative, company and one which we should support. But discovering they’d actually managed to get fined in one country for claiming Ribena contained Vitamin C, when none was actually present in the product, was a surprise. The company has now divested themselves of the brand and we’d imagine this little error has now been remedied internationally. And in any case, Ribena is nice, regardless.
If GSK share price intends cause real trouble in the future, presently below 1330p looks like firing the first warning shot, risking the price sinking below Red on the chart below and finding its way down to an initial 1260, perhaps with a short lived bounce. In such a scenario, we suspect 1260 shall break, with the share price eventually finding a bottom by 1144p and hopefully a proper rebound. There’s a major problem at the 1144 level as any break below calculates with the potential of slippage to 770p eventually.
Currently, absolutely nothing suggests this is a threat.
We shall be more interested, if the share price manages to find its way above 1527p, breaking through the immediate Blue downtrend and giving some hope for future recovery. Such a movement works out with the potential ability to climb to an initial 1520p with secondary, if beaten, at 1717p. Above such a level will require us to again view the tea leaves, thanks to potentials which suggest a new all time high is awaiting in the distant future.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:45:31PM | BRENT | 77.42 | ‘cess | ||||||||
| 9:47:42PM | GOLD | 1974.99 | Success | ||||||||
| 9:49:57PM | FTSE | 7738.51 | |||||||||
| 9:51:46PM | STOX50 | 4327.3 | 4316 | 4303 | 4266 | 4344 | 4398 | 4409 | 4422 | 4369 | Success |
| 9:53:33PM | GERMANY | 16083 | Success | ||||||||
| 9:55:26PM | US500 | 4149.62 | |||||||||
| 9:57:46PM | DOW | 33086.1 | |||||||||
| 10:00:07PM | NASDAQ | 13689 | 13664 | 13579 | 13461 | 13729 | 13774 | 13790 | 13832 | 13720 | Shambles |
| 10:01:55PM | JAPAN | 30688 |
23/05/2023 FTSE Closed at 7762 points. Change of -0.1%. Total value traded through LSE was: £ 4,707,065,644 a change of -36.1%
22/05/2023 FTSE Closed at 7770 points. Change of 0.18%. Total value traded through LSE was: £ 7,366,100,317 a change of 37.01%
19/05/2023 FTSE Closed at 7756 points. Change of 0.18%. Total value traded through LSE was: £ 5,376,481,422 a change of -9.9%
18/05/2023 FTSE Closed at 7742 points. Change of 0.25%. Total value traded through LSE was: £ 5,967,034,656 a change of 12.56%
17/05/2023 FTSE Closed at 7723 points. Change of -0.36%. Total value traded through LSE was: £ 5,301,388,137 a change of 17.83%
16/05/2023 FTSE Closed at 7751 points. Change of -0.33%. Total value traded through LSE was: £ 4,499,249,343 a change of -9.01%
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%
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:BARC Barclays** **LSE:CCL Carnival** **LSE:FRES Fresnillo** **LSE:GKP Gulf Keystone** **LSE:MMAG Music Magpie** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:QED Quadrise** **
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Updated charts published on : Barclays, Carnival, Fresnillo, Gulf Keystone, Music Magpie, National Glib, Natwest, Quadrise,
LSE:BARC Barclays. Close Mid-Price: 163.44 Percentage Change: + 2.10% Day High: 163.76 Day Low: 159.96
Further movement against Barclays ABOVE 163.76 should improve acceleratio ……..
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View Previous Barclays & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 798.6 Percentage Change: + 1.37% Day High: 810.4 Day Low: 780.8
In the event of Carnival enjoying further trades beyond 810.4, the share ……..
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View Previous Carnival & Big Picture ***
LSE:FRES Fresnillo Close Mid-Price: 656 Percentage Change: -0.52% Day High: 661.8 Day Low: 653.2
Continued weakness against FRES taking the price below 653.2 calculates a ……..
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View Previous Fresnillo & Big Picture ***
LSE:GKP Gulf Keystone. Close Mid-Price: 131.8 Percentage Change: + 0.76% Day High: 132.6 Day Low: 121.8
In the event Gulf Keystone experiences weakness below 121.8 it calculates ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:MMAG Music Magpie Close Mid-Price: 20 Percentage Change: -2.44% Day High: 20.75 Day Low: 19.75
If Music Magpie experiences continued weakness below 19.75, it will invar ……..
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View Previous Music Magpie & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 1111.5 Percentage Change: + 0.59% Day High: 1121.5 Day Low: 1090.5
Weakness on National Glib below 1090.5 will invariably lead to 1066 with ……..
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View Previous National Glib & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 274 Percentage Change: + 0.88% Day High: 275.5 Day Low: 270.7
All Natwest needs are mid-price trades ABOVE 275.5 to improve acceleratio ……..
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View Previous Natwest & Big Picture ***
LSE:QED Quadrise Close Mid-Price: 1.14 Percentage Change: -1.30% Day High: 1.18 Day Low: 1.15
In the event Quadrise experiences weakness below 1.15 it calculates with ……..
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View Previous Quadrise & Big Picture ***