#Brent #Germany It’s nice to know, in these troubling times, the UK stock market indeed retains a sense of humour. The extract below from our June analysis on Lloyds shows a completely surprising share price reversal, one we’d speculated as being due a week earlier. What proved doubly hilarious was we’d written 41p as the target level, but our calculations actually gave it as 41.26p. Guess what? On June 24th the share price hit 41.24p, enacting a limp bounce thereafter, about as newsworthy as George Osborne’s recent wedding!
Despite a degree of “smug” being permitted, the real story here was further emphasis of our oft made point. It isn’t the Trend which is important, it’s how the price reacts to the Trend. This proved a perfect case in point and hopefully, the next part of the story will come to fruition. After all, there are a few things playing in Lloyds favour at present.
Firstly, their share price Did Not break the 41p level, this should be quite a big deal. Secondly, the market appears to be playing by the rules (whatever they are) and now it should be the case where Lloyds bank share price actually does something useful. We do not regard the movement from 41p to 44p as fulfilling such a criteria. The immediate situation for Lloyds suggests the share price needs exceed 44.5p to trigger near term recovery to a confident looking 48.8p with our secondary, if this ambition is exceeded, working out at a visually correct 54p, a point where there’s a fairly strong hint of some hesitation. Our usual perspective demands the share close above this series of highs at the 54p level before drooling with enthusiasm for strong gains in the future.
To stalk the dark side, there’s a fair amount to dislike since the “bounce” from the 41p level as it’s not looking interesting, creating a situation where we shall not be surprised if the price discovers another excuse to weaken to 41p. It is still the case below 41p calculates with the potential of a visit to 36.8, maybe even 35p. The proximity of these target levels strongly suggests a “bottom” in waiting, our nerves justified by the salient detail the so called “bounce” from 41p failed to exceed the Blue downtrend on the chart below.
Lloyds share price is currently pretty confusing and if expecting substantial gains, we’re starting to suspect we shall enjoy greater success awaiting dandelions to become sentient, opt to move somewhere else than our garden, and perhaps enter Scottish politics.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 1:22:18PM | BRENT | 7822.3 | 7640 | 7562 | 7466 | 7710 | 7852 | 7946 | 8200 | 7660 |
| 1:24:54PM | GOLD | 1924.46 | 1923 | |||||||
| 9:48:15PM | FTSE | 7263 | 7263 | |||||||
| 9:50:35PM | STOX50 | 4235.3 | 4226 | |||||||
| 9:52:32PM | GERMANY | 15624.9 | 15450 | 15382 | 15033 | 15662 | 15700 | 15768 | 15874 | 15581 |
| 9:54:18PM | US500 | 4402.9 | 4410 | |||||||
| 9:56:31PM | DOW | 33760 | 33835 | |||||||
| 9:57:52PM | NASDAQ | 15048.4 | 15090 | |||||||
| 10:00:19PM | JAPAN | 32407 | 32580 |
7/07/2023 FTSE Closed at 7256 points. Change of -0.33%. Total value traded through LSE was: £ 3,798,027,374 a change of -31.82%
6/07/2023 FTSE Closed at 7280 points. Change of -2.18%. Total value traded through LSE was: £ 5,570,653,867 a change of 7.74%
5/07/2023 FTSE Closed at 7442 points. Change of -1.02%. Total value traded through LSE was: £ 5,170,439,166 a change of 50.69%
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% 
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:BDEV Barrett Devs** **LSE:DGE Diageo** **LSE:GKP Gulf Keystone** **LSE:GRG Greggs** **LSE:IGG IG Group** **LSE:NG. National Glib** **LSE:SPX Spirax** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **
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Updated charts published on : Astrazeneca, Barrett Devs, Diageo, Gulf Keystone, Greggs, IG Group, National Glib, Spirax, Taylor Wimpey, Vodafone,
LSE:AZN Astrazeneca Close Mid-Price: 10110 Percentage Change: -2.11% Day High: 10308 Day Low: 10078
Continued weakness against AZN taking the price below 10078 calculates as ……..
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View Previous Astrazeneca & Big Picture ***
LSE:BDEV Barrett Devs. Close Mid-Price: 402.7 Percentage Change: + 0.42% Day High: 402.1 Day Low: 397.4
Weakness on Barrett Devs below 397.4 will invariably lead to 361 with sec ……..
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View Previous Barrett Devs & Big Picture ***
LSE:DGE Diageo Close Mid-Price: 3270 Percentage Change: -1.42% Day High: 3307 Day Low: 3269
Continued weakness against DGE taking the price below 3269 calculates as ……..
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View Previous Diageo & Big Picture ***
LSE:GKP Gulf Keystone. Close Mid-Price: 114.4 Percentage Change: + 1.60% Day High: 114.4 Day Low: 110
In the event Gulf Keystone experiences weakness below 110 it calculates w ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:GRG Greggs. Close Mid-Price: 2532 Percentage Change: + 2.18% Day High: 2528 Day Low: 2474
In the event Greggs experiences weakness below 2474 it calculates with a ……..
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View Previous Greggs & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 636.5 Percentage Change: + 0.63% Day High: 643 Day Low: 632
Target met. In the event IG Group experiences weakness below 632 it calcu ……..
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View Previous IG Group & Big Picture ***
LSE:NG. National Glib Close Mid-Price: 999.2 Percentage Change: -2.04% Day High: 1014 Day Low: 994.4
Target met. Continued weakness against NG. taking the price below 994.4 c ……..
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View Previous National Glib & Big Picture ***
LSE:SPX Spirax Close Mid-Price: 9974 Percentage Change: -0.85% Day High: 10045 Day Low: 9856
Target met. Continued weakness against SPX taking the price below 9856 ca ……..
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View Previous Spirax & Big Picture ***
LSE:TW. Taylor Wimpey. Close Mid-Price: 100.45 Percentage Change: + 0.75% Day High: 100.55 Day Low: 98.92
Weakness on Taylor Wimpey below 98.92 will invariably lead to 97 with sec ……..
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View Previous Taylor Wimpey & Big Picture ***
LSE:VOD Vodafone Close Mid-Price: 70.71 Percentage Change: -0.04% Day High: 70.84 Day Low: 69.85
Weakness on Vodafone below 69.85 will invariably lead to 68.5p with secon ……..
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View Previous Vodafone & Big Picture ***