#Gold #Brent To pad out any article, or perhaps to make it readable as, let’s face, numbers are boring, we glanced at the JD Sports Fashion website to discover if anything interesting jumped out. Once again, there was a resounding “nope”, due to the sheer volume of their products sporting the name of the maker. It’s definitely not a case of disliking folk noticing what I’m wearing as I’ve a vulgar selection of Hawaiian shirts which are worn at any opportunity. Perhaps it’s some kind of inverse snobbish behaviour as after all, my favourite dog walking jacket is made by Armani but nothing on the exterior advertises this. It’s better made than the perceived market leader, Barbour, with a stronger zip, reasonable pockets and most importantly, a decent lining.
But to get the correct spelling of the name, I’d to take the jacket off a coat hook and look at the label. Then came the realisation everyone probably knows it was Giorgio. Perhaps this would be an advantage when writing about Nike as all that’s required would be to look down, if you’re the sort of person inclined toward advertising another companies products.
However, it seems the market suspects this shall be a good Christmas for the sportswear retailer as their share price is doing useful things. When we previously reviewed them back in September, we’d given an initial target price of 161p,. an ambition achieved at the start of this month with the share price blowing effortlessly onward. There was one thing which gave considerable hope for the longer term as the market opted to – very slightly – gap the share price upward , making a visit to our 161p virtually mandatory. With the period since providing small but steady gains, we’re quite curious as to what the future now holds.
Presently trading around 171p, it needs exceed 175.1p to give the suggestion it’s now heading toward 192p next with our secondary, if exceeded, now calculating at 236p, a price ambition almost certain to provoke hesitation. Unusually, we can report the risk of a half way hesitation level of just 211p, this number also being reported as a potential secondary, if we only factor in the share prices malevolent behaviour during 2023. But, to cancel the potential of a future 236p, the share would currently need close a session below 157p, the point of trend break at the beginning of December.
Any calamity such as this would also carry the risk of a reversal cycle to 119p commencing.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:59:08PM | BRENT | 7467.7 | 7237 | 7220 | 7072 | 7440 | 7471 | 7519 | 7613 | 7388 | |
| 10:05:14PM | GOLD | 2027.04 | 1973 | 1956 | 1932 | 1988 | 2028 | 2036 | 2045 | 2002 | Success |
| 10:09:21PM | FTSE | 7592.8 | Shambles | ||||||||
| 10:13:24PM | STOX50 | 4564.1 | ‘cess | ||||||||
| 10:15:53PM | GERMANY | 16879 | |||||||||
| 10:19:04PM | US500 | 4704.1 | |||||||||
| 10:23:14PM | DOW | 37099 | ‘cess | ||||||||
| 10:32:27PM | NASDAQ | 16540.7 | Success | ||||||||
| 10:34:40PM | JAPAN | 32919 | Shambles |
13/12/2023 FTSE Closed at 7548 points. Change of 0.08%. Total value traded through LSE was: £ 5,718,449,628 a change of 4.86%
12/12/2023 FTSE Closed at 7542 points. Change of -0.03%. Total value traded through LSE was: £ 5,453,180,069 a change of 16.03%
11/12/2023 FTSE Closed at 7544 points. Change of -0.13%. Total value traded through LSE was: £ 4,699,736,729 a change of -1.07%
8/12/2023 FTSE Closed at 7554 points. Change of 0.55%. Total value traded through LSE was: £ 4,750,603,507 a change of -16.53%
7/12/2023 FTSE Closed at 7513 points. Change of -0.03%. Total value traded through LSE was: £ 5,691,416,870 a change of -34.9%
6/12/2023 FTSE Closed at 7515 points. Change of 0.35%. Total value traded through LSE was: £ 8,742,933,283 a change of 113.36%
5/12/2023 FTSE Closed at 7489 points. Change of -0.31%. Total value traded through LSE was: £ 4,097,792,180 a change of -8.47%
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:AVCT Avacta** **LSE:BLOE Block Energy PLC** **LSE:BP. BP PLC** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:GENL Genel** **LSE:IGG IG Group** **LSE:OPG OPG Power Ventures** **LSE:OXIG Oxford Instruments** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:VOD Vodafone** **
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Updated charts published on : Avacta, Block Energy PLC, BP PLC, Experian, EasyJet, Genel, IG Group, OPG Power Ventures, Oxford Instruments, Rockhopper, Rolls Royce, Sainsbury, Scancell, Scottish Mortgage Investment Trust, Vodafone,
LSE:AVCT Avacta Close Mid-Price: 119 Percentage Change: -11.85% Day High: 139 Day Low: 118
If Avacta experiences continued weakness below 118, it will invariably le ……..
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View Previous Avacta & Big Picture ***
LSE:BLOE Block Energy PLC. Close Mid-Price: 0.75 Percentage Change: + 3.45% Day High: 0.75 Day Low: 0.68
Target met. Weakness on Block Energy PLC below 0.68 will invariably lead ……..
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View Previous Block Energy PLC & Big Picture ***
LSE:BP. BP PLC Close Mid-Price: 459.85 Percentage Change: -0.24% Day High: 461.25 Day Low: 456.65
Continued weakness against BP. taking the price below 456.65 calculates a ……..
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View Previous BP PLC & Big Picture ***
LSE:EXPN Experian. Close Mid-Price: 3139 Percentage Change: + 0.03% Day High: 3166 Day Low: 3131
Further movement against Experian ABOVE 3166 should improve acceleration ……..
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View Previous Experian & Big Picture ***
LSE:EZJ EasyJet. Close Mid-Price: 490.7 Percentage Change: + 0.04% Day High: 494.3 Day Low: 487.1
All EasyJet needs are mid-price trades ABOVE 494.3 to improve acceleratio ……..
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View Previous EasyJet & Big Picture ***
LSE:GENL Genel Close Mid-Price: 64.9 Percentage Change: -8.20% Day High: 71 Day Low: 65.1
In the event Genel experiences weakness below 65.1 it calculates with a d ……..
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View Previous Genel & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 748.5 Percentage Change: + 0.60% Day High: 753.5 Day Low: 744
All IG Group needs are mid-price trades ABOVE 753.5 to improve accelerati ……..
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View Previous IG Group & Big Picture ***
LSE:OPG OPG Power Ventures. Close Mid-Price: 13.2 Percentage Change: + 1.54% Day High: 14.25 Day Low: 13
In the event of OPG Power Ventures enjoying further trades beyond 14.25, ……..
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View Previous OPG Power Ventures & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2190 Percentage Change: + 0.23% Day High: 2280 Day Low: 2175
All Oxford Instruments needs are mid-price trades ABOVE 2280 to improve a ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:RKH Rockhopper. Close Mid-Price: 10.88 Percentage Change: + 0.46% Day High: 10.55 Day Low: 10.2
If Rockhopper experiences continued weakness below 10.2, it will invariab ……..
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View Previous Rockhopper & Big Picture ***
LSE:RR. Rolls Royce Close Mid-Price: 301.8 Percentage Change: -0.95% Day High: 313.1 Day Low: 298
In the event of Rolls Royce enjoying further trades beyond 313.1, the sha ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 297 Percentage Change: + 0.07% Day High: 301.2 Day Low: 297.4
In the event of Sainsbury enjoying further trades beyond 301.2, the share ……..
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View Previous Sainsbury & Big Picture ***
LSE:SCLP Scancell Close Mid-Price: 10.75 Percentage Change: -3.37% Day High: 11.12 Day Low: 10.62
In the event Scancell experiences weakness below 10.62 it calculates with ……..
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View Previous Scancell & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 749 Percentage Change: -0.77% Day High: 763.8 Day Low: 749.8
In the event of Scottish Mortgage Investment Trust enjoying further trade ……..
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View Previous Scottish Mortgage Investment Trust & Big Picture ***
LSE:VOD Vodafone Close Mid-Price: 65.14 Percentage Change: -2.94% Day High: 66.55 Day Low: 64.97
Target met. Weakness on Vodafone below 64.97 will invariably lead to 60p ……..
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View Previous Vodafone & Big Picture ***