#FTSE #Wall_St As a small, fat bloke with diabetes, it’s rare do I get to say “this company is targeting me!” but it’s pretty clear I’m a small, fat, part of Optibiotix target market. In fairness to myself, losing 30+kg since the Diabetes diagnosis hasn’t hurt one bit. Optibiotix specialise in what they call “Lifestyle Diseases”, probably better thought of as self inflicted harm and aside from a propensity to use big words, their website is worth a visit, where they endeavour to prove science can help humanity, ideally not by blowing them all up.
We’re a little concerned at the surge in Opti’s share price over the last five sessions as it looks almost too impressive, the sort of thing typically spawned by over-optimistic internet chatroom gossip. But, the other side of the coin is the reality the share price has finally moved into a situation where considerable hope is almost possible for the longer term. We just wish the share had managed to close marginally higher than 37.6p on the 25th July as this would’ve created an official “higher high”, bettering the figures from July 2022. Instead, by matching this point on the historical chart, it creates a situation where we shall not be surprised to witness some hesitation at current levels.
If we lay cynicism aside and instead, focus on our calculations, it appears above 38.5p should next promote recovery to an initial 42.25p with our longer term secondary, if bettered, working out at 54.4p along with almost certain hesitation given historical behaviour through 2020 and 2021. From our perspective, the share needs closure above 54.4p to create a game changing environment, one which should permit future growth to 84.2p with a Big Picture secondary at a distant looking 131p.
If everything intends go pear shaped, the share price needs below 22p to ring serious alarm bells. Such a disaster risks triggering reversal to an initial 16p with secondary, if broken, at 9p and hopefully a bottom capable of restarting the recovery process all over again. To be fair, we’d already hope for a bounce at the 16p level, given it has the prospect of tangling with the Blue downtrend on the chart, one which dates back to 2018.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:37:01PM | BRENT | 8295.9 | |||||||||
| 10:38:41PM | GOLD | 1964.5 | |||||||||
| 10:40:24PM | FTSE | 7688.4 | 7665 | 7650 | 7633 | 7690 | 7701 | 7712 | 7726 | 7677 | ‘cess |
| 10:45:04PM | STOX50 | 4378.1 | ‘cess | ||||||||
| 10:47:10PM | GERMANY | 16238.1 | ‘cess | ||||||||
| 10:49:53PM | US500 | 4576.6 | Success | ||||||||
| 10:58:21PM | DOW | 35407.5 | 35360 | 35307 | 35232 | 35444 | 35532 | 35661 | 35712 | 35382 | |
| 11:01:02PM | NASDAQ | 15614 | Success | ||||||||
| 11:03:15PM | JAPAN | 32638.3 |
25/07/2023 FTSE Closed at 7691 points. Change of 0.17%. Total value traded through LSE was: £ 4,500,914,113 a change of -15.2%
24/07/2023 FTSE Closed at 7678 points. Change of 0.2%. Total value traded through LSE was: £ 5,307,369,816 a change of 18.72%
21/07/2023 FTSE Closed at 7663 points. Change of 0.22%. Total value traded through LSE was: £ 4,470,558,321 a change of -16.97%
20/07/2023 FTSE Closed at 7646 points. Change of 0.76%. Total value traded through LSE was: £ 5,384,109,244 a change of -16.08%
19/07/2023 FTSE Closed at 7588 points. Change of 1.81%. Total value traded through LSE was: £ 6,416,071,113 a change of 56.65%
18/07/2023 FTSE Closed at 7453 points. Change of 0.63%. Total value traded through LSE was: £ 4,095,812,024 a change of 3.79%
17/07/2023 FTSE Closed at 7406 points. Change of -0.38%. Total value traded through LSE was: £ 3,946,111,838 a change of 6.88% 
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:AVCT Avacta** **LSE:BP. BP PLC** **LSE:OCDO Ocado Plc** **LSE:RKH Rockhopper** **LSE:SBRY Sainsbury** **
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Updated charts published on : Asos, Avacta, BP PLC, Ocado Plc, Rockhopper, Sainsbury,
LSE:ASC Asos. Close Mid-Price: 405 Percentage Change: + 5.63% Day High: 415.1 Day Low: 377.8
Further movement against Asos ABOVE 415.1 should improve acceleration tow ……..
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LSE:AVCT Avacta. Close Mid-Price: 97.9 Percentage Change: + 0.93% Day High: 98 Day Low: 95
Target met. In the event Avacta experiences weakness below 95 it calculat ……..
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LSE:BP. BP PLC Close Mid-Price: 481 Percentage Change: -0.56% Day High: 485.4 Day Low: 479.3
This is dreadful, BP spending months with just a 25p trading range. It is ……..
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LSE:OCDO Ocado Plc Close Mid-Price: 769.4 Percentage Change: -1.99% Day High: 790 Day Low: 761.4
Continued trades against OCDO with a mid-price ABOVE 790 should improve t ……..
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View Previous Ocado Plc & Big Picture ***
LSE:RKH Rockhopper Close Mid-Price: 12.05 Percentage Change: -4.74% Day High: 13.25 Day Low: 12.25
This is worse than a UK soap storyline as weakness now below 12.25 indicat ……..
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View Previous Rockhopper & Big Picture ***
LSE:SBRY Sainsbury Close Mid-Price: 280.7 Percentage Change: -0.64% Day High: 283.5 Day Low: 279.6
Now above 284 should make an attempt at an initial 293 with secondary, if ……..
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View Previous Sainsbury & Big Picture ***