#Brent #Dax With spectacular levels of competence, we managed to miss TWO international championships at the weekend. Firstly, there was the Grand Prix from Japan and secondly, there was the World Stone Skimming Championship in Scotland. Being in Scotland, it was easier to opt to attend our local event, World Stone Skimming, which was scheduled for the isle of Easdale in Argyll.
We’ve been promising ourselves a day out to Easdale for years. As the place is virtually on our doorstep, we’ve obviously never bothered visiting since moving to Argyll, this attitude generally being the fate of local attractions throughout the UK. However, we’d decided to take this event seriously, planning on leaving at 9am rather than enjoy a lazy Sunday watching the usually entertaining Japanese Grand Prix. The journey to Easdale started with light rain but thankfully deserted roads but the weather steadily worsened as we headed north. Stopping to let the dog out alongside the Crinnan Canal, the question arose as to whether we really wanted to spend Sunday afternoon in now torrential rain, watching people throw stones at water? Easdale, once renowned for its slate quarries, is hard to visit without skimming flat stones across its dark and threatening deep ponds as, aside from a pub and a chums derelict house, there’s nothing else to do there. We opted to let common sense take over rather than face getting soaked, turned around and chose to stop for lunch at Loch Fyne Oyster Bar on the journey home. Thankfully, the dog likes shellfish…
And that’s how easy it is to miss two championship events, though the “highlights” show from Japan was interesting as the TV producers proved unable to edit out many laps of the race, due to it once again being quite good. It’s a strange sentiment, praising Formula 1 because some real racing actually took place!
Alas, for Barclays, their share price movements remain open to some sniffs of distain. When we reviewed the share three weeks ago, we’d given an initial gain target at 160p, something achieved recently. In fact, on the day of the initial surge to target, their share price closed at 160.08p and by such a massive 8/100ths of a penny, it was seen to be exceeding our initial ambition, opening the door for great things in the future. We rarely feel confidence from such tiny signals as they often feel like they fall into the “a stopped clock is right twice a day” category of analysis.
However, if we pretend undying optimism, it’s now the case where movement exceeding 163.18p should next make an attempt for 175p with secondary, if exceeded, now calculating at 185p. We’re not terribly impressed with current price movements as they lack real confidence.
Should a slow down be on the cards, below 153.7 risks triggering reversal to an initial 152p with secondary, if broken, down at 150p and hopefully a bounce. Visually, our fear is of a protracted “walk” down the Blue trend line on the chart until sufficient set of circumstances are discovered to allow Barclays to make a future attempt to show some gains.
|Time Issued||Market||Price At Issue||Short Entry||Fast Exit||Slow Exit||Stop||Long Entry||Fast Exit||Slow Exit||Stop|
22/09/2023 FTSE Closed at 7683 points. Change of 0.07%. Total value traded through LSE was: £ 7,855,931,745 a change of 26.88%
21/09/2023 FTSE Closed at 7678 points. Change of -0.69%. Total value traded through LSE was: £ 6,191,643,124 a change of 28.33%
20/09/2023 FTSE Closed at 7731 points. Change of 0.93%. Total value traded through LSE was: £ 4,824,861,883 a change of -0.46%
19/09/2023 FTSE Closed at 7660 points. Change of 0.1%. Total value traded through LSE was: £ 4,847,212,890 a change of 23.66%
18/09/2023 FTSE Closed at 7652 points. Change of -0.77%. Total value traded through LSE was: £ 3,919,854,652 a change of -71.71%
15/09/2023 FTSE Closed at 7711 points. Change of 0.5%. Total value traded through LSE was: £ 13,856,220,608 a change of 129.91%
14/09/2023 FTSE Closed at 7673 points. Change of 1.97%. Total value traded through LSE was: £ 6,026,828,350 a change of 14.3%
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 email@example.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:AML Aston Martin** **LSE:BLOE Block Energy PLC** **LSE:BP. BP PLC** **LSE:CBX Cellular Goods** **LSE:DGE Diageo** **LSE:IPF International Personal Finance** **LSE:OPG OPG Power Ventures** **LSE:SPX Spirax** **LSE:STAN Standard Chartered** **
Updated charts published on : Aston Martin, Block Energy PLC, BP PLC, Cellular Goods, Diageo, International Personal Finance, OPG Power Ventures, Spirax, Standard Chartered,
LSE:AML Aston Martin Close Mid-Price: 278.6 Percentage Change: -2.25% Day High: 282.4 Day Low: 276.6
Continued weakness against AML taking the price below 276.6 calculates as ……..
LSE:BLOE Block Energy PLC. Close Mid-Price: 1.48 Percentage Change: + 5.36% Day High: 1.48 Day Low: 1.4
Continued trades against BLOE with a mid-price ABOVE 1.48 should improve ……..
LSE:BP. BP PLC. Close Mid-Price: 525.7 Percentage Change: + 1.02% Day High: 529.1 Day Low: 515.6
All BP PLC needs are mid-price trades ABOVE 529.1 to improve acceleration ……..
LSE:CBX Cellular Goods Close Mid-Price: 0.48 Percentage Change: -9.52% Day High: 0.52 Day Low: 0.48
In the event Cellular Goods experiences weakness below 0.48 it calculates ……..
LSE:DGE Diageo. Close Mid-Price: 3153.5 Percentage Change: + 0.45% Day High: 3191 Day Low: 3062
Target met. Continued weakness against DGE taking the price below 3062 ca ……..
LSE:IPF International Personal Finance. Close Mid-Price: 130 Percentage Change: + 0.39% Day High: 134 Day Low: 129.5
Target met. Continued trades against IPF with a mid-price ABOVE 134 shoul ……..
LSE:OPG OPG Power Ventures. Close Mid-Price: 10.4 Percentage Change: + 26.06% Day High: 11.5 Day Low: 8.12
Target met. Further movement against OPG Power Ventures ABOVE 11.5 should ……..
LSE:SPX Spirax. Close Mid-Price: 9596 Percentage Change: + 0.06% Day High: 9596 Day Low: 9492
Target met. Weakness on Spirax below 9492 will invariably lead to 9340p w ……..
LSE:STAN Standard Chartered Close Mid-Price: 750 Percentage Change: -0.45% Day High: 762.2 Day Low: 747.4
All Standard Chartered needs are mid-price trades ABOVE 762.2 to improve ……..
*** End of “Updated Today” comments on shares.
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