#Brent #WallSt There was once a television show called “Friends” which featured a memorable scene, where the group were challenged to define what one of them (Chandler) actually did for a living. Every now and then, when reviewing company websites, we are reminded of this conundrum of comedy. Recently, Intermediate Capital Group provided exactly the confusing potpourri of words which confuses.
The excerpt above, from the “Who We Are” section of their website neatly sidesteps any threat of actually explaining what the company does to generate profit!
This is a bit of a surprise, especially as the market seems to be looking favourably on their share price for some reason. We’ve even had a couple of emails asking what we think of recent movements, hence an ill-guided attempt to educate ourselves as to their function in life. But whatever they really do, they employ over 600 people to do it, so presumably there’s some sort of end product. Maybe we’re the problem, becoming dinosaurs by not keeping up with terminology. Private Eye very recently featured a clever cartoon, showing a younger couple adorned with modern technical gear. There was a newspaper headline beside them and one asked “What’s Post?” while the other asked “What’s an Office?”. It was akin to a grand-child asking “Why do you say ‘Dial a Number’?”.
Currently trading around 1,753p, this share price only needs exceed 1,819 to apparently prove capable of triggering movement to an initial 1,877p. In the grand scheme of things, this wouldn’t represent a significant rise but our longer term secondary, with closure above 1,877, works out somewhere around 2,180p. Our secondary target, out of necessity, is a bit vague, thanks to the share price being recently gapped (circled) above the Blue downtrend since 2021. There’s nothing quite like a manipulation gap to throw a spanner in the works of our calculations, thus the secondary might even extrapolate to 2,291p, a fairly wide difference.
Typically, when we see a share propelled above a trend such as this, we tend anticipate some reversals once our initial target is achieved, potentially back to the level of trend break. In this instance, the suggestion is we should’t worry if reversals to the 1,650 level take place any time soon.
Currently, the share price would need break Red at around 1,580 to cause a raised eyebrow, along with the risk of reversal to 1,392p and hopefully a rebound.
But for now, we quite like the way this is positioned.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:20:08PM | BRENT | 8191.7 | 8080 | 7965 | 7823 | 8215 | 8391 | 8505 | 8652 | 8088 | |
| 10:22:29PM | GOLD | 2032.82 | Success | ||||||||
| 10:28:53PM | FTSE | 7650.1 | ‘cess | ||||||||
| 10:31:40PM | STOX50 | 4650.8 | ‘cess | ||||||||
| 10:35:42PM | GERMANY | 16981 | ‘cess | ||||||||
| 10:41:09PM | US500 | 4924.2 | |||||||||
| 10:44:29PM | DOW | 38282 | 38017 | 37944 | 37813 | 38130 | 38338 | 38345 | 38392 | 38080 | ‘cess |
| 10:47:19PM | NASDAQ | 17588.4 | ‘cess | ||||||||
| 10:50:06PM | JAPAN | 36159 |
29/01/2024 FTSE Closed at 7632 points. Change of -0.04%. Total value traded through LSE was: £ 5,453,884,268 a change of -16.87%
28/01/2024 FTSE Closed at 7635 points. Change of 1.41%. Total value traded through LSE was: £ 6,560,613,072 a change of 58.4%
25/01/2024 FTSE Closed at 7529 points. Change of 0.03%. Total value traded through LSE was: £ 4,141,889,174 a change of -12.43%
24/01/2024 FTSE Closed at 7527 points. Change of 0.55%. Total value traded through LSE was: £ 4,729,886,078 a change of -8.08%
23/01/2024 FTSE Closed at 7486 points. Change of -0.01%. Total value traded through LSE was: £ 5,145,475,949 a change of 1.4%
22/01/2024 FTSE Closed at 7487 points. Change of 0.35%. Total value traded through LSE was: £ 5,074,323,347 a change of -15.67%
19/01/2024 FTSE Closed at 7461 points. Change of 0.03%. Total value traded through LSE was: £ 6,017,076,844 a change of 5.37% 
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:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:ITRK Intertek** **LSE:MMAG Music Magpie** **
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Updated charts published on : Avacta, EasyJet, Foxtons, Intertek, Music Magpie,
LSE:AVCT Avacta Close Mid-Price: 100 Percentage Change: -0.50% Day High: 100.5 Day Low: 99
If Avacta experiences continued weakness below 99, it will invariably lea ……..
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View Previous Avacta & Big Picture ***
LSE:EZJ EasyJet. Close Mid-Price: 547.2 Percentage Change: + 3.48% Day High: 551 Day Low: 520
Target met. All EasyJet needs are mid-price trades ABOVE 551 to improve a ……..
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View Previous EasyJet & Big Picture ***
LSE:FOXT Foxtons. Close Mid-Price: 55.8 Percentage Change: + 1.64% Day High: 56.2 Day Low: 54.1
All Foxtons needs are mid-price trades ABOVE 56.2 to improve acceleration ……..
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View Previous Foxtons & Big Picture ***
LSE:ITRK Intertek. Close Mid-Price: 4478 Percentage Change: + 0.45% Day High: 4515 Day Low: 4474
Further movement against Intertek ABOVE 4515 should improve acceleration ……..
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View Previous Intertek & Big Picture ***
LSE:MMAG Music Magpie Close Mid-Price: 10 Percentage Change: -9.09% Day High: 11 Day Low: 9.75
Weakness on Music Magpie below 9.75 will invariably lead to 9p with secon ……..
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View Previous Music Magpie & Big Picture ***