#Gold #Nasdaq It’s not often a FTSE 100 component makes a 21% upward shuffle but Rolls Royce finally enacted something we’ve been waiting for since March of this year. Of course, with such a movement, there was an immediate urge to trigger a glitter bomb but of course, as it’s 2023, it transpires glitter is in short supply.
Okay, we’re kidding about the Rolls Royce celebrations but serious about the shortage of the annoying material. With grand-daughters visiting during the school holidays, one of their “things” is to collect sea shells and rocks from the beach, choosing to paint and decorate them on days when the Scottish weather turns… Scottish. Today was one such day, a trip to the beach rained off by mid afternoon, prompting a visit to a local craft shop to replenish supplies of paint, glue, and glitter. It transpires glitter is in short supply, the problem not actually blamed on a supply chain crisis but instead, either the motor or boat industry, both of which apparently use copious amounts of glitter in their paint. In the USA, there’s also another suspect in the covert use of glitter, the toothpaste industry! Quite why toothpaste variants use aluminium and polyethylene utterly defeats us but, to be honest, we don’t mind. Anything which ensures the girls don’t have access to glitter is a good thing as generally, it takes months until every inevitable spillage almost vanishes.
The market was certainly impressed with the news from Rolls Royce, opting to gap the share price up from 152p on Tuesday to an opening price of 175p on Wednesday, a lift of 15% before any trading actually took place. We’d been waiting for a visit to the 190p level and were amazed all the heavy lifting was enacted in one day. Given our target level was slightly exceeded, some quite fascinating potentials are opening up for the longer term, the first of which is a suggestion movement now above 192p should make an attempt at 232p next with secondary, if bettered, at 244p. Given the proximity of these target levels, we rather suspect some hesitation will be on the cards, especially as they match the pre-Covid19 highs of 2020, a price level which many shares tend stumble at.
At this point, we can switch to our Bigger Picture calculation tier as it demands share price CLOSURE above 232p to once again trigger the potentials of extraordinary long term movement for Rolls Royce, giving an ambition at a distant 307 with secondary, if bettered, a truly amazing 397p. However, a lot will depend on what actually happens around the 232p level as we do suspect any market hesitation at such a level will impact on longer term hopes and dreams.
For everything to now go wrong for Rolls Royce, their share price needs wither below 133p, risking a visit to 100p initially with secondary, if broken, at 66p, a drop calculation which doesn’t even look silly! For now, we suspect everything has changed for the better, at least until 232p makes an appearance.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:43:47PM | BRENT | 8261.3 | |||||||||
| 9:45:43PM | GOLD | 1971.93 | 1961 | 1957 | 1950 | 1967 | 1978 | 1980 | 1985 | 1971 | Success |
| 9:47:44PM | FTSE | 7668.4 | Success | ||||||||
| 9:50:28PM | STOX50 | 4348.3 | |||||||||
| 9:53:26PM | GERMANY | 16123.3 | Success | ||||||||
| 9:55:39PM | US500 | 4565.5 | |||||||||
| 9:58:27PM | DOW | 35485 | |||||||||
| 10:34:55PM | NASDAQ | 15516.2 | 15410 | 15345 | 15149 | 15538 | 15603 | 15641 | 15718 | 15518 | |
| 10:37:07PM | JAPAN | 32535 |
26/07/2023 FTSE Closed at 7676 points. Change of -0.2%. Total value traded through LSE was: £ 4,152,321,908 a change of -7.74%
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%
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:BLVN Bowleven** **LSE:CEY Centamin** **LSE:GENL Genel** **LSE:OCDO Ocado Plc** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:SRP Serco** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **
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Updated charts published on : Bowleven, Centamin, Genel, Ocado Plc, Rockhopper, Rolls Royce, Sainsbury, Serco, Tern Plc, Tullow,
LSE:BLVN Bowleven. Close Mid-Price: 2.1 Percentage Change: + 50.00% Day High: 2.15 Day Low: 1.4
Further movement against Bowleven ABOVE 2.2 should improve acceleration t ……..
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View Previous Bowleven & Big Picture ***
LSE:CEY Centamin. Close Mid-Price: 97.65 Percentage Change: + 4.38% Day High: 98.5 Day Low: 93
Further movement against Centamin ABOVE 98.5 should improve acceleration ……..
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View Previous Centamin & Big Picture ***
LSE:GENL Genel Close Mid-Price: 97.3 Percentage Change: -0.71% Day High: 98.7 Day Low: 96
Weakness on Genel below 96 will invariably lead to 87 with secondary (if ……..
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View Previous Genel & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 960.4 Percentage Change: + 24.82% Day High: 969.6 Day Low: 755.8
Target met. Further movement against Ocado Plc ABOVE 969.6 should improve ……..
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View Previous Ocado Plc & Big Picture ***
LSE:RKH Rockhopper. Close Mid-Price: 12.3 Percentage Change: + 2.07% Day High: 12.25 Day Low: 12
Weakness on Rockhopper below 12 will invariably lead to 11p, a short live ……..
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View Previous Rockhopper & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 185 Percentage Change: + 21.19% Day High: 190.95 Day Low: 172.35
Target met. Continued trades against RR. with a mid-price ABOVE 191 shoul ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 286.3 Percentage Change: + 2.00% Day High: 285.7 Day Low: 280.7
Further movement against Sainsbury ABOVE 285.7 should improve acceleratio ……..
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View Previous Sainsbury & Big Picture ***
LSE:SRP Serco. Close Mid-Price: 159.1 Percentage Change: + 0.32% Day High: 161 Day Low: 157.7
All Serco needs are mid-price trades ABOVE 161 to improve acceleration to ……..
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View Previous Serco & Big Picture ***
LSE:TERN Tern Plc. Close Mid-Price: 3.75 Percentage Change: + 0.00% Day High: 3.88 Day Low: 3.46
If Tern Plc experiences continued weakness below 3.46, it will invariably ……..
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View Previous Tern Plc & Big Picture ***
LSE:TLW Tullow. Close Mid-Price: 35 Percentage Change: + 2.58% Day High: 34.94 Day Low: 33
All Tullow needs are mid-price trades ABOVE 34.94 to improve acceleration ……..
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View Previous Tullow & Big Picture ***