#Gold #WallSt Someone emailed, asking our opinion on what they described as a powerful “ramp” in the Daily Telegraph, one which was promoting shares in Diploma Plc. As shown below, the headline in the newspaper didn’t hold back, breathlessly ascribing superb potentials to this FTSE component with a quite varied range of interests.
Perhaps we’re overly cautious when discussing share prices but the reality of life, prices which rarely move in a straight line, tends legislate in favour of taking a balanced approach, especially as our thing is presenting target prices. Currently, we’re inclined toward nerves with Diploma as the share price really doesn’t need try terribly hard to provoke some fairly slight reversals.
At time of writing, the share is trading around 2918p, needing only to slip below 2854p to enter a cycle where reversal down to an initial 2804p looks very possible. Should this level break, despite the possibility of a short term bounce, our secondary calculates at a hopeful bottom of 2623p, an ambition which is almost verified by the presence of the Red uptrend since the Pandemic inspired low of 2020. At this point, things do become a little interesting as should our secondary of 2623p indeed provoke a bounce, the Big Picture claims it’s entirely possible for the share to enter a cycle toward a future 3313p, along with a challenge against the Blue downtrend from 2021.
Above such a price level, we can currently calculate a future 3705p as a valid Big Picture target for some time in the future!
What’s a bit of a surprise with the foregoing is the degree of visual sense all these target numbers make. It’s almost too simple to present this scenario, arguing in favour of a price reduction prior to some upward acceleration in the future, doubtless culminating in a new all time high. Perhaps the person at the Torygraph who produced the optimistic article is actually on to something valid but given the share prices immediate picture, we’d caution about rushing out to buy any immediately as the visuals imply near term reversals are perfectly possible.
Currently the share price needs exceed 3053p before we’d willingly concede it’s starting a cycle of gains.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:30:15PM | BRENT | 9029.6 | Success | ||||||||
| 9:33:34PM | GOLD | 1949.09 | 1934 | 1927 | 1915 | 1943 | 1963 | 1972 | 1995 | 1944 | Success |
| 9:36:03PM | FTSE | 7577 | |||||||||
| 9:45:28PM | STOX50 | 4092.4 | ‘cess | ||||||||
| 9:48:47PM | GERMANY | 15052.4 | ‘cess | ||||||||
| 9:54:15PM | US500 | 4319.9 | ‘cess | ||||||||
| 9:57:10PM | DOW | 33686 | 33596 | 33471 | 33244 | 33816 | 33910 | 34020 | 34162 | 33750 | Success |
| 10:00:04PM | NASDAQ | 14944 | Success | ||||||||
| 10:02:53PM | JAPAN | 31647 | ‘cess |
18/10/2023 FTSE Closed at 7588 points. Change of -1.13%. Total value traded through LSE was: £ 5,295,187,819 a change of -4.89%
17/10/2023 FTSE Closed at 7675 points. Change of 0.59%. Total value traded through LSE was: £ 5,567,251,444 a change of 41.75%
16/10/2023 FTSE Closed at 7630 points. Change of 0.41%. Total value traded through LSE was: £ 3,927,547,887 a change of -11.37%
13/10/2023 FTSE Closed at 7599 points. Change of -0.59%. Total value traded through LSE was: £ 4,431,270,860 a change of -9.59%
12/10/2023 FTSE Closed at 7644 points. Change of 0.31%. Total value traded through LSE was: £ 4,901,572,931 a change of 12.56%
11/10/2023 FTSE Closed at 7620 points. Change of -0.1%. Total value traded through LSE was: £ 4,354,502,993 a change of -19.19%
10/10/2023 FTSE Closed at 7628 points. Change of 1.82%. Total value traded through LSE was: £ 5,388,462,932 a change of 18%
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:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:CCL Carnival** **LSE:ECO ECO (Atlantic) O & G** **LSE:EZJ EasyJet** **LSE:IAG British Airways** **LSE:JET Just Eat** **LSE:SPX Spirax** **
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Updated charts published on : Barrett Devs, BP PLC, Carnival, ECO (Atlantic) O & G, EasyJet, British Airways, Just Eat, Spirax,
LSE:BDEV Barrett Devs Close Mid-Price: 402.1 Percentage Change: -5.14% Day High: 422 Day Low: 400.3
Continued weakness against BDEV taking the price below 400.3 calculates a ……..
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View Previous Barrett Devs & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 558 Percentage Change: + 0.54% Day High: 562.2 Day Low: 554.7
Target met. Further movement against BP PLC ABOVE 562.2 should improve ac ……..
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View Previous BP PLC & Big Picture ***
LSE:CCL Carnival Close Mid-Price: 875.6 Percentage Change: -4.49% Day High: 916.2 Day Low: 873.8
Weakness on Carnival below 873.8 will invariably lead to 854p with second ……..
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View Previous Carnival & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 10 Percentage Change: + 4.17% Day High: 10.38 Day Low: 9.16
In the event ECO (Atlantic) O & G experiences weakness below 9.16 it calc ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:EZJ EasyJet Close Mid-Price: 374.6 Percentage Change: -4.10% Day High: 390.6 Day Low: 368.2
Target met. Weakness on EasyJet below 368.2 will invariably lead to 360p ……..
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View Previous EasyJet & Big Picture ***
LSE:IAG British Airways Close Mid-Price: 141.5 Percentage Change: -3.08% Day High: 144.8 Day Low: 140.9
Continued weakness against IAG taking the price below 140.9 calculates as ……..
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View Previous British Airways & Big Picture ***
LSE:JET Just Eat Close Mid-Price: 1008 Percentage Change: -2.98% Day High: 1128 Day Low: 1008
Further movement against Just Eat ABOVE 1128 should improve acceleration ……..
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View Previous Just Eat & Big Picture ***
LSE:SPX Spirax Close Mid-Price: 8188 Percentage Change: -2.50% Day High: 8368 Day Low: 8176
Target met. If Spirax experiences continued weakness below 8176, it will ……..
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View Previous Spirax & Big Picture ***