Rheinmetall AG (XE:RHM) shooting for the stars…

#FTSE #Nasdaq  It was a surprise, discovering a German company with an exquisite sense of humour on its website. Rheinmetal, founded in 1889, managed to create a solid grin as we basked in their boasts of sustainability, CO2 neutrality, social responsibility, emission reduction, and of course, the ever important “Environmental Protection, Energy, and Quality Policy”. Of course, it’s questionable if someone shopping for a Panther Main Battle Tank or more basic tactical vehicles or even F35 fighter aircraft bodies will pay any attention to the company’s green credentials, their product portfolio comprising sufficient attraction to keep those with a military inclination fascinated.

But they do exhibit all important green credentials, necessary if one intends survive in todays world!

 

We’ve been browsing through military linked share prices, attempting to discover who’s benefiting from the Russian thing and currently, it looks like Rheinmetall share price is about due a turn leading the pack. Whether it’s related to their recent promotion to the DAX 40, thanks to reaching #33 in the list of companies with the highest capitalisation in Germany or perhaps, just part of the natural cycle of prices. Regardless it looks like the company doesn’t need work hard to produce some improvement in their share price.

 

Rheinmetall exceeding 257€ should be the first step in a series of trigger movements from a Big Picture perspective, suggesting the potential of future gains to an initial 295 with our secondary, if this level is bettered, calculating up at 313€. Both target levels represent new all time highs for the share price.

Visually, it needs break Red on the chart (currently 205€) to indicate everything going terribly wrong as this risks entering a cycle to 147€ and ideally, a bounce.

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:34:17PM BRENT 7607.9
9:36:24PM GOLD 1925.53
9:44:36PM FTSE 7516.3 7513 7505 7486 7533 7536 7549 7561 7513
9:47:04PM STOX50 4385.3
9:49:29PM GERMANY 16029.4 ‘cess
9:51:36PM US500 4452.7
9:53:38PM DOW 34374.5
9:59:07PM NASDAQ 15187.6 15125 15112 15072 15200 15232 15239 15268 15177
10:01:22PM JAPAN 33202 Success

 

4/07/2023 FTSE Closed at 7519 points. Change of -0.11%. Total value traded through LSE was: £ 3,431,263,448 a change of -36.49%
3/07/2023 FTSE Closed at 7527 points. Change of -0.05%. Total value traded through LSE was: £ 5,402,403,715 a change of 3.4%
30/06/2023 FTSE Closed at 7531 points. Change of 0.8%. Total value traded through LSE was: £ 5,224,612,707 a change of -11.43%
29/06/2023 FTSE Closed at 7471 points. Change of -0.39%. Total value traded through LSE was: £ 5,898,729,234 a change of 13.7%
28/06/2023 FTSE Closed at 7500 points. Change of 0.52%. Total value traded through LSE was: £ 5,188,003,612 a change of 2.29%
27/06/2023 FTSE Closed at 7461 points. Change of 0.11%. Total value traded through LSE was: £ 5,071,918,393 a change of 6.71%
26/06/2023 FTSE Closed at 7453 points. Change of -0.11%. Total value traded through LSE was: £ 4,753,007,649 a change of 17.78%

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:AZN Astrazeneca** **LSE:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:CNA Centrica** **LSE:RBD Reabold Resources PLC** **

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Updated charts published on : Astrazeneca, Cellular Goods, Carnival, Centrica, Reabold Resources PLC,


LSE:AZN Astrazeneca. Close Mid-Price: 10580 Percentage Change: + 1.99% Day High: 10664 Day Low: 10278

Weakness on Astrazeneca below 10278 will invariably lead to 9918 with sec ……..

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View Previous Astrazeneca & Big Picture ***


LSE:CBX Cellular Goods. Close Mid-Price: 0.78 Percentage Change: + 3.33% Day High: 0.82 Day Low: 0.78

Continued weakness against CBX taking the price below 0.78 calculates as ……..

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LSE:CCL Carnival. Close Mid-Price: 1351.5 Percentage Change: + 0.75% Day High: 1358.5 Day Low: 1331

Continued trades against CCL with a mid-price ABOVE 1358.5 should improve ……..

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View Previous Carnival & Big Picture ***


LSE:CNA Centrica. Close Mid-Price: 125.35 Percentage Change: + 0.52% Day High: 127.85 Day Low: 124.75

Target met. Continued trades against CNA with a mid-price ABOVE 127.85 sh ……..

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View Previous Centrica & Big Picture ***


LSE:RBD Reabold Resources PLC Close Mid-Price: 0.12 Percentage Change: -4.08% Day High: 0.12 Day Low: 0.12

If Reabold Resources PLC experiences continued weakness below 0.12, it wi ……..

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View Previous Reabold Resources PLC & Big Picture ***


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

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