#Brent #DaxFutures There remains a degree of “back to school” attitude available, when reviewing Lloyds Bank. Three weeks ago, we paid homage to the Blue line on the chart, along with the exquisite care employed by the markets to ensure this share Closing price didn’t stumble below the trend. Unsurprisingly, we were again correct and even our target drop price of 41p proved underwhelmingly accurate.
On September 7th, the share price closed at 41.03p!
The next day, the share did tumble below 41p with intraday traffic but, we’re starting to wonder if the Blue line and the 41p level have been deemed sacrosanct. Maybe this shall prove to be the case but for now, we suspect below 40.70 shall provoke weakness to 38.90 next with our secondary, if broken, at 36.7p. The visuals give warning, should such a miserable situation come to fruition, a visit to 38.9p may take under mid-October with our 36.7p making an appearance mid-November, should the Blue line remain a step too far for the market. Which is a ridiculous notion as one thing we consistently prove is we’re a bit rubbish at timeframes! Should the right set of circumstances align, the market will take a share directly to a target level without pausing to consider our feelings…
We’re going to embrace the notion 41p shall perhaps be a bottom for the share price and for now, the only way is up. Obviously, for any number of reasons this is questionable but a letter arrived on Saturday telling me to turn up on 9th October for my Sixth Covid-19 vaccination, a sharp reminder the pandemic has not gone away. In the last week, “lucky” enough to chat to my local GP, along with my Consultant in the blood unit at hospital, I’d carried out an amateur straw poll for their opinions regarding the jag. Both, quite strongly, voted in favour. This is perhaps significant, each dealing with real life patients on a daily basis with the hospital consultant being the most forceful, claiming deaths due to Covid have been understated, rather than enhanced to induce panic vaccine take up. She did ask if I’d trust anyone on Twitter or Reddit, giving an opinion on dealing with an irritating Leukaemia?
To cut to the chase, it was a sharp reminder the “fun” times of Covid-19 have not yet gone away.
More seriously though, if Lloyds share price intends a rise (finally), what are the potentials?
Above just 41.8p should give some immediate hope, calculating with the potential of an imminent rise to 42.6p. In the grand scheme of things, perhaps not the most fascinating change in circumstances but maybe a scenario allowing a cheeky little day trade, hopefully one which shall not trap someones funds. Our longer term secondary, if this initial target is exceeded, works out at a more encouraging 44.1p but importantly, thanks to a couple of price manipulation gaps during August, this could easily continue acceleration to a future 45.2p!
In summary, we suspect Lloyds are about to produce some sort of share price recovery but visually, nothing particularly earth shattering seems to be on the cards. We shall need to interrogate our tea leaves to look beyond the current 45.2p ambition.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 8:21:44PM | BRENT | 9016.1 | 8901 | 8870 | 8802 | 8987 | 9075 | 9090 | 9153 | 8977 |
| 8:29:53PM | GOLD | 1918.62 | 1919 | |||||||
| 8:31:41PM | FTSE | 7483.3 | 7464 | |||||||
| 8:35:18PM | STOX50 | 4236.3 | 4225 | |||||||
| 8:38:29PM | GERMANY | 15735.4 | 15574 | 15525 | 15500 | 15686 | 15790 | 15844 | 15934 | 15708 |
| 8:41:01PM | US500 | 4459 | 4457 | |||||||
| 8:58:35PM | DOW | 34575 | 34548 | |||||||
| 9:00:41PM | NASDAQ | 15297.3 | 15292 | |||||||
| 9:02:59PM | JAPAN | 32726 | 32683 |
8/09/2023 FTSE Closed at 7478 points. Change of 0.5%. Total value traded through LSE was: £ 5,440,944,541 a change of 24.28%
7/09/2023 FTSE Closed at 7441 points. Change of 0.2%. Total value traded through LSE was: £ 4,377,889,513 a change of 26.38%
6/09/2023 FTSE Closed at 7426 points. Change of -0.15%. Total value traded through LSE was: £ 3,464,082,337 a change of -12.27%
5/09/2023 FTSE Closed at 7437 points. Change of -0.2%. Total value traded through LSE was: £ 3,948,449,247 a change of 27.07%
4/09/2023 FTSE Closed at 7452 points. Change of -0.16%. Total value traded through LSE was: £ 3,107,267,145 a change of -28.59%
1/09/2023 FTSE Closed at 7464 points. Change of 0.34%. Total value traded through LSE was: £ 4,351,126,417 a change of -43.85%
31/08/2023 FTSE Closed at 7439 points. Change of -0.45%. Total value traded through LSE was: £ 7,748,715,745 a change of 104.69%
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:AAL Anglo American** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DARK Darktrace Plc** **LSE:DGE Diageo** **LSE:GRG Greggs** **LSE:IHG Intercontinental Hotels Group** **LSE:JET Just Eat** **LSE:LLOY Lloyds Grp.** **LSE:RR. Rolls Royce** **LSE:STAN Standard Chartered** **
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Updated charts published on : Anglo American, Centrica, Capita, Darktrace Plc, Diageo, Greggs, Intercontinental Hotels Group, Just Eat, Lloyds Grp., Rolls Royce, Standard Chartered,
LSE:AAL Anglo American Close Mid-Price: 2023 Percentage Change: -0.12% Day High: 2043 Day Low: 1994.8
Continued weakness against AAL taking the price below 1994.8 calculates a ……..
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View Previous Anglo American & Big Picture ***
LSE:CNA Centrica. Close Mid-Price: 161.9 Percentage Change: + 1.63% Day High: 162.15 Day Low: 158.55
Target met. Further movement against Centrica ABOVE 162.15 should improve ……..
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View Previous Centrica & Big Picture ***
LSE:CPI Capita. Close Mid-Price: 16.36 Percentage Change: + 0.80% Day High: 16.53 Day Low: 16.16
Target met. In the event Capita experiences weakness below 16.16 it calcu ……..
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View Previous Capita & Big Picture ***
LSE:DARK Darktrace Plc. Close Mid-Price: 403.5 Percentage Change: + 5.24% Day High: 411.9 Day Low: 384.6
Further movement against Darktrace Plc ABOVE 411.9 should improve acceler ……..
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View Previous Darktrace Plc & Big Picture ***
LSE:DGE Diageo. Close Mid-Price: 3200 Percentage Change: + 0.79% Day High: 3203 Day Low: 3164
Target met. Continued weakness against DGE taking the price below 3164p c ……..
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View Previous Diageo & Big Picture ***
LSE:GRG Greggs. Close Mid-Price: 2398 Percentage Change: + 1.18% Day High: 2438 Day Low: 2356
If Greggs experiences continued weakness below 2356, it will invariably l ……..
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View Previous Greggs & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 6134 Percentage Change: + 0.99% Day High: 6136 Day Low: 6010
Target met. Further movement against Intercontinental Hotels Group ABOVE ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 1012 Percentage Change: + 0.90% Day High: 1012 Day Low: 982
Weakness on Just Eat below 982 will invariably lead to 967 and hopefully ……..
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View Previous Just Eat & Big Picture ***
LSE:LLOY Lloyds Grp.. Close Mid-Price: 41.34 Percentage Change: + 0.76% Day High: 41.41 Day Low: 40.7
Continued weakness against LLOY taking the price below 40.7 calculates as ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:RR. Rolls Royce Close Mid-Price: 220.4 Percentage Change: -1.52% Day High: 225.3 Day Low: 218
Target met. Continued trades against RR. with a mid-price ABOVE 225.3 sho ……..
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View Previous Rolls Royce & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 705.6 Percentage Change: + 0.06% Day High: 707.4 Day Low: 695.6
Weakness on Standard Chartered below 695.6 will invariably lead to 680p w ……..
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View Previous Standard Chartered & Big Picture ***