#FTSE #SP500 We always thought it a little odd one of only two publicly listed shipbrokers on the LSE chose to name themselves after a pretty bleak location in Scotland, one placed just about as far from the sea as possible to get in the country. Braemar itself, located in the visually boring, windswept, east side of the country, has only one real attraction, the nearby ski area of Glenshee. Once, shortly after returning from Colorado, the decision was made to head to Glenshee for a day skiing and we were lucky. It was stunning day, plenty of snow, and memorable sunshine, the sort of thing which only happens once every 100 years or so. Chatting to one of the ski lift operators and mentioning we’d just returned from Colorado, it transpired he was American and agreed Glenshee equalled anything available in the US. But unfortunately, only once a century or so!
Another time, we visited, having made the stupid mistake of volunteering to escort a bunch of children from a local church youth club. Between checking the weather and leaving, the weather had changed and we arrived in a blizzard. Someone had the bright idea of heading to nearby Braemar as there would surely be cafes etc to keep the kids entertained, while we hoped the snow storm would move on. Thankfully, there were lots of places, all closed, as back then, Braemar appeared to shut up shop once summer was over. To make matters worse, the snow gates all closed, forcing us to return south by heading to Aberdeen first, then take the coastal route back to Glasgow. And so, few fond memories remain of Braemar but we did prime the kids with some tough questions to ask about god!
The following weekend, we took the children to Glencoe, enjoying one of the few days when we all got to ski back to the car park. This is rarely possible and a real pleasure, skipping the queue for the cranky chairlift down the mountain.
Braemar Plc experienced a few months of share suspension, due to a historical accounting anomaly which was felt would affect their published accounts. Matters have been apparently resolved and the shares started trading again a few days ago. They are due to release some financial results today, 29th November,. and their share price certainly looks poised for some action.
At time of writing, the share is trading at 290p, needing above 292p to hopefully prompt recovery to an initial 310p and a challenge against the downtrend since 2014. To be honest, this is one of these occasions where we’d be delighted to witness the share price gapped upward at the open of trade, creating a rather perfect “Gap Down / Gap Up” situation, one which should prove capable of provoking future movements to 342p with our longer term influence seen as coming from a future 388p and some probable hesitation.
Similar to the weather in Braemar, this is one of these occasions where anything could happen in the next few hours! The price would need wander below 230p (Red) to justify anxiety.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:50:16PM | BRENT | 8132 | ‘cess | ||||||||
| 9:53:27PM | GOLD | 2041.31 | Success | ||||||||
| 9:56:41PM | FTSE | 7438.6 | 7401 | 7377 | 7330 | 7438 | 7464 | 7488 | 7517 | 7448 | Success |
| 9:59:27PM | STOX50 | 4340.7 | Success | ||||||||
| 10:02:19PM | GERMANY | 15988 | ‘cess | ||||||||
| 10:13:52PM | US500 | 4553.5 | 4537 | 4527 | 4513 | 4554 | 4561 | 4571 | 4582 | 4541 | ‘cess |
| 10:16:21PM | DOW | 35417.5 | Success | ||||||||
| 10:18:34PM | NASDAQ | 16013.4 | |||||||||
| 10:23:27PM | JAPAN | 33297 | ‘cess |
28/11/2023 FTSE Closed at 7455 points. Change of -0.07%. Total value traded through LSE was: £ 4,562,527,303 a change of 31.7%
27/11/2023 FTSE Closed at 7460 points. Change of -0.37%. Total value traded through LSE was: £ 3,464,420,361 a change of -16.59%
24/11/2023 FTSE Closed at 7488 points. Change of 0.07%. Total value traded through LSE was: £ 4,153,667,848 a change of 5.6%
23/11/2023 FTSE Closed at 7483 points. Change of 0.19%. Total value traded through LSE was: £ 3,933,508,293 a change of -12.7%
22/11/2023 FTSE Closed at 7469 points. Change of -0.17%. Total value traded through LSE was: £ 4,505,503,688 a change of 12.22%
21/11/2023 FTSE Closed at 7482 points. Change of -0.19%. Total value traded through LSE was: £ 4,015,011,285 a change of -11.06%
20/11/2023 FTSE Closed at 7496 points. Change of -0.11%. Total value traded through LSE was: £ 4,514,299,465 a change of -13.95%
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:AV. Aviva** **LSE:AZN Astrazeneca** **LSE:GENL Genel** **LSE:HIK Hikma** **LSE:ITM ITM Power** **LSE:RR. Rolls Royce** **LSE:STAR Star Energy** **
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Updated charts published on : Aviva, Astrazeneca, Genel, Hikma, ITM Power, Rolls Royce, Star Energy,
LSE:AV. Aviva Close Mid-Price: 424.6 Percentage Change: -0.84% Day High: 429.1 Day Low: 425
All Aviva needs are mid-price trades ABOVE 429.1 to improve acceleration ……..
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View Previous Aviva & Big Picture ***
LSE:AZN Astrazeneca Close Mid-Price: 9900 Percentage Change: -0.76% Day High: 9984 Day Low: 9851
Weakness on Astrazeneca below 9851 will invariably lead to 9709p with sec ……..
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View Previous Astrazeneca & Big Picture ***
LSE:GENL Genel Close Mid-Price: 75.2 Percentage Change: -3.34% Day High: 77.4 Day Low: 74.3
If Genel experiences continued weakness below 74.3, it will invariably le ……..
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View Previous Genel & Big Picture ***
LSE:HIK Hikma Close Mid-Price: 1740.5 Percentage Change: -0.06% Day High: 1739.5 Day Low: 1716.5
Weakness on Hikma below 1716.5 will invariably lead to 1602 with secondar ……..
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View Previous Hikma & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 52.82 Percentage Change: -4.24% Day High: 55.58 Day Low: 51.8
Continued weakness against ITM taking the price below 51.8 calculates as ……..
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View Previous ITM Power & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 258.3 Percentage Change: + 6.21% Day High: 261.5 Day Low: 243.3
Target met. Further movement against Rolls Royce ABOVE 261.5 should impro ……..
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View Previous Rolls Royce & Big Picture ***
LSE:STAR Star Energy Close Mid-Price: 8.35 Percentage Change: -2.97% Day High: 8.8 Day Low: 8.2
Continued weakness against STAR taking the price below 8.2 calculates as ……..
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View Previous Star Energy & Big Picture ***