#Brent #Dax Lloyds share price continues to behave badly, along with the rest of the shares in the retail banking sector. The behaviour is extremely frustrating and now, the latest “trick” by Lloyds almost defies belief. The Blue line on the chart, mapping Lloyds Closing Prices provides the reason for our sense of wonder.
In a remarkable series of coincidences, the closing price for Lloyds bank has miraculously refused to end a day below the immediate Blue downtrend since February of this year. For today (Monday 21 Aug), the share price would require to close below 41.959p to signal the share has once again retreated below its trend line but thankfully, thousands of traders around the UK are clearly colluding to ensure Lloyds share price remains in relatively safe territory. Quite how (or why) they could be colluding is beyond us, creating a scenario as impossible to understand as the managed decline in Lloyds share price over the last 6 months.
Maybe some hope can be taken from the effort employed to ensure the alleged breakout experienced by Lloyds (circled) continues to provide hope for the folk who’ve long stopped holding their breathe, awaiting Lloyds enacting something useful. We’re obviously more than a little cynical, running an analysis every three weeks, an exercise which has become akin to changing the order of the words we use!
The immediate situation appears pretty dodgy, calculating with the potential of weakness next below 41.95 bringing reversal to an initial 41p. Should such a target level break, our secondary calculates at 39p. It will perhaps be a bit naive to anticipate these targets anytime soon as the rate of decline for Lloyds, over the last 6 months, works out at less the 1/10th of a penny per day. Timeframes, most emphatically not one of our strong points, indicate it could be another couple of weeks before the 41p level is troubled…
As always, we’ve a fly for this ointment and it continues to look like the market intends bottom Lloyds at 36p eventually, an aspiration which could be 78 days away, if we try and enforce any sort of decline logic. More probably, the market is simply awaiting the right excuse for a sharp plunge.
Otherwise, the situation remains of Lloyds needing above 49.3p to hopefully anoint any rise as being genuine, one capable of signalling happy times ahead.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 8:39:54PM | BRENT | 8444.9 | 8292 | 8215 | 8131 | 8418 | 8467 | 8510 | 8590 | 8358 |
| 8:53:23PM | GOLD | 1888.9 | 1890 | |||||||
| 8:57:41PM | FTSE | 7270 | 7250 | |||||||
| 9:36:54PM | STOX50 | 4219 | 4183 | |||||||
| 9:39:48PM | GERMANY | 15579.68 | 15500 | 15468 | 15280 | 15601 | 15609 | 15671 | 15741 | 15528 |
| 9:42:13PM | US500 | 4372.02 | 4352 | |||||||
| 9:44:01PM | DOW | 34513 | 34422 | |||||||
| 9:46:06PM | NASDAQ | 14697.93 | 14650 | |||||||
| 9:48:13PM | JAPAN | 31497 | 31513 |
18/08/2023 FTSE Closed at 7262 points. Change of -0.66%. Total value traded through LSE was: £ 4,402,136,865 a change of 33.13%
17/08/2023 FTSE Closed at 7310 points. Change of -0.63%. Total value traded through LSE was: £ 3,306,539,758 a change of -30.86%
16/08/2023 FTSE Closed at 7356 points. Change of -0.45%. Total value traded through LSE was: £ 4,782,194,827 a change of 34.91%
15/08/2023 FTSE Closed at 7389 points. Change of -1.57%. Total value traded through LSE was: £ 3,544,639,764 a change of -13.22%
14/08/2023 FTSE Closed at 7507 points. Change of -0.23%. Total value traded through LSE was: £ 4,084,432,990 a change of -33.31%
11/08/2023 FTSE Closed at 7524 points. Change of -1.23%. Total value traded through LSE was: £ 6,124,601,431 a change of 49.97%
10/08/2023 FTSE Closed at 7618 points. Change of 0.41%. Total value traded through LSE was: £ 4,083,887,572 a change of -13.93%
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:BT.A British Telecom** **LSE:CEY Centamin** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GLEN Glencore Xstra** **LSE:GRG Greggs** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **
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Updated charts published on : British Telecom, Centamin, Capita, Diageo, MAN, Experian, EasyJet, Fresnillo, Genel, Glencore Xstra, Greggs, National Glib, Natwest, Oxford Instruments, Primary Health,
LSE:BT.A British Telecom Close Mid-Price: 112.45 Percentage Change: -0.49% Day High: 113.95 Day Low: 111.15
In the event British Telecom experiences weakness below 111.15 it calcula ……..
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View Previous British Telecom & Big Picture ***
LSE:CEY Centamin Close Mid-Price: 84.2 Percentage Change: -0.88% Day High: 85.1 Day Low: 83.65
In the event Centamin experiences weakness below 83.65 it calculates with ……..
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View Previous Centamin & Big Picture ***
LSE:CPI Capita Close Mid-Price: 18.81 Percentage Change: -0.58% Day High: 19.08 Day Low: 18.34
Continued weakness against CPI taking the price below 18.34 calculates as ……..
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View Previous Capita & Big Picture ***
LSE:DGE Diageo. Close Mid-Price: 3260 Percentage Change: + 0.06% Day High: 3264.5 Day Low: 3235
Target met. In the event Diageo experiences weakness below 3235 it calcul ……..
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View Previous Diageo & Big Picture ***
LSE:EMG MAN Close Mid-Price: 205.2 Percentage Change: -1.35% Day High: 208 Day Low: 202.5
Target met. Weakness on MAN below 202.5 will invariably lead to 199 with ……..
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View Previous MAN & Big Picture ***
LSE:EXPN Experian Close Mid-Price: 2700 Percentage Change: -0.44% Day High: 2716 Day Low: 2674
Target met. Continued weakness against EXPN taking the price below 2674p ……..
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View Previous Experian & Big Picture ***
LSE:EZJ EasyJet Close Mid-Price: 426.5 Percentage Change: -1.20% Day High: 430 Day Low: 419
Target met. In the event EasyJet experiences weakness below 419 it calcul ……..
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View Previous EasyJet & Big Picture ***
LSE:FRES Fresnillo Close Mid-Price: 509.2 Percentage Change: -0.70% Day High: 510.4 Day Low: 499.3
Target met. In the event Fresnillo experiences weakness below 499.3 it ca ……..
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View Previous Fresnillo & Big Picture ***
LSE:GENL Genel Close Mid-Price: 77.8 Percentage Change: -1.27% Day High: 79.1 Day Low: 76.3
If Genel experiences continued weakness below 76.3, it will invariably le ……..
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View Previous Genel & Big Picture ***
LSE:GLEN Glencore Xstra Close Mid-Price: 416.05 Percentage Change: -1.77% Day High: 421.7 Day Low: 413.05
Weakness on Glencore Xstra below 413.05 will invariably lead to 407p with ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:GRG Greggs Close Mid-Price: 2430 Percentage Change: -2.17% Day High: 2470 Day Low: 2404
Target met. If Greggs experiences continued weakness below 2404, it will ……..
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View Previous Greggs & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 951.4 Percentage Change: + 0.53% Day High: 955 Day Low: 941.2
Continued weakness against NG. taking the price below 941.2 calculates as ……..
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View Previous National Glib & Big Picture ***
LSE:NWG Natwest Close Mid-Price: 226.7 Percentage Change: -0.40% Day High: 227.4 Day Low: 224.8
In the event Natwest experiences weakness below 224.8 it calculates with ……..
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View Previous Natwest & Big Picture ***
LSE:OXIG Oxford Instruments Close Mid-Price: 2160 Percentage Change: -2.92% Day High: 2230 Day Low: 2125
If Oxford Instruments experiences continued weakness below 2125, it will ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:PHP Primary Health Close Mid-Price: 89 Percentage Change: -2.31% Day High: 91.3 Day Low: 89.1
Target met. If Primary Health experiences continued weakness below 89.1, ……..
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View Previous Primary Health & Big Picture ***