#FTSE #SP500 We reviewed this lot back in June 2022 and we’re pleased to note it achieved all three of our ambitions, Telecom Plus reaching our third level of 2340 in November of 2022. The period since hasn’t been particularly kind to the share price, unspooling from a high of 25 quid down to an eventual £13.50. Trading as Utility Warehouse, the company are boasting of record profit levels, doubtless capitalising on the surge of corporate greed when the gloves came off with energy pricing. Hopefully corporate bodies are considering the benefit of a piggy bank, given the experience of China which has seen some record bankruptcy levels, along with sharp deflation making itself felt.
We’re not exactly kidding with this sentiment, suspecting PepsiCo shall prove to be a casualty of corporate greed. In France, Carrefour decided to stop the sale of Pepsi due to their level of unacceptable pricing (presumably not also giving the supermarket chain a suitable splash of the action) and personally, in a totally unscientific survey, I’ve noticed price marked 2 ltr bottles of Pepsi products are gathering dust. Me, I don’t care as our local supermarket has now reduced their “own brand” cola back from 85p to 58p for 2 litres, the price before they jumped on the greed bandwagon.
Maybe this expectation of consumer bite-back contributes to the reasons for Telecom Plus share price reversals, especially as their trading style “Utility Warehouse” exposes them to the risk of energy wars, along with broadband price wars, and of course mobile phone charges. We’re somewhat less positive on their exposure to the insurance sector of their business, given insurance prices never seem to come down. Strangely enough, we actually completely understand their business model as, from a distance, it’s remarkably similar to something quite different we wrote the software for in the 1990’s. Lumping a bunch of major suppliers together, allowing the end user to receive just a single invoice, gives suppliers the ability to streamline their invoicing regime and customers a “one stop shop” with any queries. Our original project worked well and over 25 years later, our software remains in use, thankfully without us.
The recent price reversal to 1358p was, from our perspective, arithmetically precise. As a result, this allows us to present 1358p as a potential trigger, should further trouble be planned. Below such a trigger risks provoking reversal down to an initial 1294p with a slight possibility of a bounce. Should such a level break, any bounce is liable to prove fake as our secondary works out at 1155p and hopefully a solid bottom. Given this is a company paying dividends, there’s certainly reason for hope.
However, the perfection of the recent bounce from 1358p, while minimal, does give some hope due to it matching a bottom calculation quite exactly.
For the current bounce to maintain credibility, it needs above 1470p to suggest the potential of movement to an initial 1545p and a break of the immediate Blue downtrend. As in 2022, there’s again a risk of a glass ceiling forming at the 1550 level but this time, we’ve more immediate hope it shall be ignored as our secondary works out at 1740p. And once again, we can calculate a third level ambition, this time at a future 2052p.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:07:28PM | BRENT | 8231.2 | ‘cess | ||||||||
| 10:11:45PM | GOLD | 1992.79 | ‘cess | ||||||||
| 10:17:03PM | FTSE | 7485 | 7464 | 7427 | 7404 | 7514 | 7514 | 7524 | 7544 | 7482 | Success |
| 10:32:11PM | STOX50 | 4670.2 | Success | ||||||||
| 10:52:54PM | GERMANY | 16829 | Success | ||||||||
| 10:55:31PM | US500 | 4956 | 4920 | 4902 | 4853 | 4963 | 4972 | 4986 | 5008 | 4945 | Success |
| 10:57:55PM | DOW | 38262 | Success | ||||||||
| 11:00:55PM | NASDAQ | 17626.6 | Success | ||||||||
| 11:04:12PM | JAPAN | 37679 | Success |
13/02/2024 FTSE Closed at 7512 points. Change of -0.81%. Total value traded through LSE was: £ 5,075,825,719 a change of 6.46%
12/02/2024 FTSE Closed at 7573 points. Change of 0.01%. Total value traded through LSE was: £ 4,767,866,668 a change of -14.99%
9/02/2024 FTSE Closed at 7572 points. Change of -0.3%. Total value traded through LSE was: £ 5,608,670,910 a change of 3.17%
8/02/2024 FTSE Closed at 7595 points. Change of -0.43%. Total value traded through LSE was: £ 5,436,383,411 a change of -4.43%
7/02/2024 FTSE Closed at 7628 points. Change of -0.69%. Total value traded through LSE was: £ 5,688,534,403 a change of 1.67%
6/02/2024 FTSE Closed at 7681 points. Change of 0.91%. Total value traded through LSE was: £ 5,595,046,133 a change of -6.77%
5/02/2024 FTSE Closed at 7612 points. Change of -0.04%. Total value traded through LSE was: £ 6,001,091,520 a change of -6.39% 
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:FRES Fresnillo** **LSE:HL. Hargreaves Lansdown** **LSE:ITV ITV** **LSE:SDY Speedyhire** **
********
Updated charts published on : Avacta, Fresnillo, Hargreaves Lansdown, ITV, Speedyhire,
LSE:AVCT Avacta Close Mid-Price: 96 Percentage Change: -2.04% Day High: 98.5 Day Low: 95
In the event Avacta experiences weakness below 95 it calculates with a dr ……..
</p
View Previous Avacta & Big Picture ***
LSE:FRES Fresnillo Close Mid-Price: 471.8 Percentage Change: -4.38% Day High: 497.1 Day Low: 469
If Fresnillo experiences continued weakness below 469, it will invariably ……..
</p
View Previous Fresnillo & Big Picture ***
LSE:HL. Hargreaves Lansdown Close Mid-Price: 813 Percentage Change: -0.56% Day High: 822.4 Day Low: 802.8
Above 828 now looks critical to promote the idea of movement to an initial ……..
</p
View Previous Hargreaves Lansdown & Big Picture ***
LSE:ITV ITV Close Mid-Price: 57.32 Percentage Change: -1.98% Day High: 58.86 Day Low: 57.26
Weakness on ITV below 57.26 will invariably lead to 56p with secondary (i ……..
</p
View Previous ITV & Big Picture ***
LSE:SDY Speedyhire Close Mid-Price: 26.15 Percentage Change: -0.19% Day High: 26.4 Day Low: 25.8
Continued weakness against SDY taking the price below 25.8 calculates as ……..
</p
View Previous Speedyhire & Big Picture ***