#Germany #SP500 For years, getting the brand names of Barbour and Burberry mixed up has been a personal foible. Both companies do outdoors wear, each brand name starts with a “B” but there’s one important difference I was blissfully unaware of. Today the wind here in Argyll decide to amuse residents with occasional 80mph gusts, normally not a problem but as we’ve still a destroyed shed in the garden, there were issues as the carcase was being blown around. We dare not get rid of the debris until the insurance company approves!
The mangled steel shed was being pushed up a hedge, crashing to the ground every time the wind eased. It was becoming clear some of the steel sides were becoming loose, creating a mental picture of it flying through the air and decapitating someone miles away. In one lull in the weather, I’d an idea of how to stop the thing dancing around, so pulled on a heavy waxed jacket and hard hat, heavy boots, and gloves. My intention was to coil rope around the debris, pull everything tightly closed, and drag it into the shelter of a wall. This seemed the right thing for all concerned until my wife spotted me and let rip. Apparently I was to come back indoors and change jackets, opting for an old one which was awaiting being waxed. It was also somewhat disreputable, worn when walking the dogs or using a chainsaw. The chainsaw was actually the reason it hadn’t been waxed as saw dust clings gleefully to a waxed cotton jacket.
We’d a plumber working as I muttered my annoyance at my wife’s irritation because I was wearing a Burberry jacket to tie down a shed.
“No wonder,” he said, “how many pairs of shoes could she buy for the cost of one?”
“Not many,” I replied. “This thing was about £90 fifteen years ago!”
He looked at the scruffy jacket, saying “it’s a Barbour jacket!”. I replied, “are they not the same thing” and like plumbers everywhere, it transpires he knew the price of Burberry jackets. Nope, I would have drawn the line at rescuing a shed, had I been wearing a jacket worth more than the aforementioned shed. However, it did provide some inspiration to take a look at Burberry share price.
There are issues with Burberry. When their share price passed below 1330p in January, it entered – from our perspective – a pretty bad place. Despite the share price looking like it’s experiencing some recovery currently, we’re not convinced and the five year chart tends back up our prejudice. While strictly speaking the price now needs sink below 1162p to ring alarm bells and trigger the next drop cycle, visually it’s already in the zone with the result we shall not be surprised to see ongoing traffic downhill to an initial 967p with our secondary, and hopefully the bottom, calculating at an eventual 695p. It certainly seems unfair we’re proposing a share price return to levels not seen since 2010.
Unfortunately, to convince us of any attempt to get out of trouble, the share price needs exceed 1655p to hopefully trigger recovery to an initial 1980p with secondary, if beaten, working out at a longer term 2318p. Who knows, maybe someone in the markets has also confused Barbour and Burberry…
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:19:57PM | BRENT | 8058 | |||||||||
| 11:24:17PM | GOLD | 2040.33 | ‘cess | ||||||||
| 11:33:30PM | FTSE | 7615.1 | Shambles | ||||||||
| 11:37:04PM | STOX50 | 4635.3 | Success | ||||||||
| 11:41:25PM | GERMANY | 16834.1 | 16820 | 16787 | 16710 | 16850 | 16926 | 16988 | 17053 | 16861 | Shambles |
| 11:47:36PM | US500 | 4853 | 4843 | 4834 | 4802 | 4868 | 4905 | 4913 | 4936 | 4875 | Success |
| 11:51:01PM | DOW | 38178 | Success | ||||||||
| 11:53:59PM | NASDAQ | 17189 | Success | ||||||||
| 11:56:53PM | JAPAN | 35946 | Success |
31/01/2024 FTSE Closed at 7630 points. Change of -0.47%. Total value traded through LSE was: £ 5,843,417,633 a change of 22.29%
30/01/2024 FTSE Closed at 7666 points. Change of 0.45%. Total value traded through LSE was: £ 4,778,161,303 a change of -12.39%
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% 
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:EME Empyrean** **LSE:GKP Gulf Keystone** **LSE:HSBA HSBC** **LSE:IPF International Personal Finance** **LSE:SDY Speedyhire** **LSE:ZOO Zoo Digital** **
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Updated charts published on : Empyrean, Gulf Keystone, HSBC, International Personal Finance, Speedyhire, Zoo Digital,
LSE:EME Empyrean Close Mid-Price: 0.33 Percentage Change: -11.60% Day High: 0.35 Day Low: 0.28
Target met. Weakness on Empyrean below 0.28 will invariably lead to 0.25p ……..
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View Previous Empyrean & Big Picture ***
LSE:GKP Gulf Keystone Close Mid-Price: 105 Percentage Change: -5.83% Day High: 110 Day Low: 106
This isn’t looking great. Now below 106 points at the potential of weaknes ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:HSBA HSBC Close Mid-Price: 618.2 Percentage Change: -0.48% Day High: 625.3 Day Low: 617.3
Despite their latest impressive fine, HSBA only needs above 626 to hopeful ……..
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View Previous HSBC & Big Picture ***
LSE:IPF International Personal Finance Close Mid-Price: 120 Percentage Change: -1.64% Day High: 122 Day Low: 120
All International Personal Finance needs are mid-price trades ABOVE 122 t ……..
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View Previous International Personal Finance & Big Picture ***
LSE:SDY Speedyhire Close Mid-Price: 28.2 Percentage Change: -4.41% Day High: 29.65 Day Low: 28.4
In the event Speedyhire experiences weakness below 28.4 it calculates wit ……..
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View Previous Speedyhire & Big Picture ***
LSE:ZOO Zoo Digital Close Mid-Price: 38.6 Percentage Change: -3.98% Day High: 40.5 Day Low: 38.5
Below 38.5 now threatens 36.8 next with secondary, if broken, a probable b ……..
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View Previous Zoo Digital & Big Picture ***