#Gold #FTSE The death by 1,000 share price cuts which afflicts Vodafone continues to plague the share. Visually it appears the market isn’t overly impressed with the plan to spin off their Vodafone UK mobile phone service with Three UK and of course, the market regulator has now stuck its oar in with some reasonable questions. Vodafone, owning and operating networks in 21 countries, along with partnering in an additional 44 countries, make it easy to forget their UK operation is just a single division of the massive company.
Personally, only one experience of Vodafone as a provider happened an awfully long time ago. I’d a Volvo estate car and the company decided it’d be great if they could call me at any time, so installed a Racal “mobile” phone in the thing. This was probably my favourite “mobile” of all time. You picked up the handset and it rang the BT operator. After telling the nice friendly lady the number you wanted to connect to, the call was established. Vodafone grew out of Racal and unfortunately, this quaint method of communication didn’t last. That Volvo estate became the first major casualty of the coming mobile phone revolution, due to the enormous power required by the original Racal system which quite literally charged the body of the car, turning it into the biggest rust magnet of all time. Within a couple of years, the roof, the doors, even the bonnet, had large rust patches in evidence with a mechanic suggesting we should have fitted something called an “Anode”, something ships use to inhibit corrosion damage. Thank goodness my next company car, an Audi Coupe, proved unaffected by my Racal replacement, the massive Vodafone brick where the handset doubled as a carrying handle. After a brief period, this was discarded as opting for a pager made more sense.
Vodafone, despite their long history and international success, have a share price which had failed to impress anyone for some years and there are signs (weak signs) it may perhaps have bottomed this year. The first indication for this to be the case shall come if the price trades above 75p as this should trigger a movement to an initial 79p. Above such a level and things start to become more interesting, calculating with the potential of a future lift to 94p and the potential of a break above the downtrend since 2018. We think the markets shall regard this as quite a big deal, due to closure above Blue on the chart immediately dumping the share price in a zone where a long term attraction is seen as coming from 130p.
However, there’s also the risk the deal to merge Vodafone UK and 3 Mobile UK shall be viewed as poisonous. If this is the case, the price needs below 62.5p to risk triggering reversal to an initial 57p with secondary, if broken, at 53p. The proximity of these targets tends to suggest this movement will almost certainly produce a bottom.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:51:58PM | BRENT | 8519 | |||||||||
| 9:54:45PM | GOLD | 2178.61 | 2170 | 2159 | 2145 | 2184 | 2201 | 2206 | 2213 | 2179 | Success |
| 9:57:44PM | FTSE | 7917.3 | 7895 | 7887 | 7862 | 7936 | 7936 | 7948 | 7968 | 7914 | |
| 10:00:20PM | STOX50 | 5058.3 | ‘cess | ||||||||
| 10:07:51PM | GERMANY | 18367 | Success | ||||||||
| 10:10:30PM | US500 | 5214.6 | ‘cess | ||||||||
| 10:12:59PM | DOW | 39376 | |||||||||
| 10:15:22PM | NASDAQ | 18247.6 | |||||||||
| 10:17:34PM | JAPAN | 40489 | Success |
26/03/2024 FTSE Closed at 7930 points. Change of 0.16%. Total value traded through LSE was: £ 6,575,880,287 a change of 25.5%
25/03/2024 FTSE Closed at 7917 points. Change of -0.16%. Total value traded through LSE was: £ 5,239,616,873 a change of -10.61%
22/03/2024 FTSE Closed at 7930 points. Change of 0.61%. Total value traded through LSE was: £ 5,861,635,918 a change of -16.67%
21/03/2024 FTSE Closed at 7882 points. Change of 1.87%. Total value traded through LSE was: £ 7,034,399,784 a change of 32.89%
20/03/2024 FTSE Closed at 7737 points. Change of -0.01%. Total value traded through LSE was: £ 5,293,450,897 a change of -24.59%
19/03/2024 FTSE Closed at 7738 points. Change of 0.21%. Total value traded through LSE was: £ 7,019,485,626 a change of 32.39%
18/03/2024 FTSE Closed at 7722 points. Change of -0.06%. Total value traded through LSE was: £ 5,302,291,747 a change of -63.39% 
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:ECO ECO (Atlantic) O & G** **LSE:ITV ITV** **LSE:MMAG Music Magpie** **LSE:NWG Natwest** **LSE:RR. Rolls Royce** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SRP Serco** **LSE:TLW Tullow** **LSE:TSCO Tesco** **
********
Updated charts published on : ECO (Atlantic) O & G, ITV, Music Magpie, Natwest, Rolls Royce, Scottish Mortgage Investment Trust, Serco, Tullow, Tesco,
LSE:ECO ECO (Atlantic) O & G Close Mid-Price: 8.85 Percentage Change: -3.80% Day High: 9.3 Day Low: 8.85
Continued weakness against ECO taking the price below 8.85 calculates as ……..
</p
View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:ITV ITV. Close Mid-Price: 73.3 Percentage Change: + 1.83% Day High: 73.64 Day Low: 71.62
Continued trades against ITV with a mid-price ABOVE 73.64 should improve ……..
</p
View Previous ITV & Big Picture ***
LSE:MMAG Music Magpie Close Mid-Price: 6.9 Percentage Change: -3.50% Day High: 7.15 Day Low: 6.9
Weakness on Music Magpie below 6.9 will invariably lead to 6.4p with seco ……..
</p
View Previous Music Magpie & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 262.4 Percentage Change: + 0.92% Day High: 262.8 Day Low: 258.7
Continued trades against NWG with a mid-price ABOVE 262.8 should improve ……..
</p
View Previous Natwest & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 428 Percentage Change: + 1.64% Day High: 428.8 Day Low: 421.1
Continued trades against RR. with a mid-price ABOVE 428.8 should improve ……..
</p
View Previous Rolls Royce & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 884.4 Percentage Change: + 0.98% Day High: 884.6 Day Low: 871
Further movement against Scottish Mortgage Investment Trust ABOVE 884.6 s ……..
</p
View Previous Scottish Mortgage Investment Trust & Big Picture ***
LSE:SRP Serco. Close Mid-Price: 189.5 Percentage Change: + 0.91% Day High: 193 Day Low: 187
Continued trades against SRP with a mid-price ABOVE 193 should improve th ……..
</p
View Previous Serco & Big Picture ***
LSE:TLW Tullow. Close Mid-Price: 31.92 Percentage Change: + 1.33% Day High: 31.8 Day Low: 30.66
Further movement against Tullow ABOVE 31.8 should improve acceleration to ……..
</p
View Previous Tullow & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 296.8 Percentage Change: + 1.06% Day High: 297.3 Day Low: 292.4
All Tesco needs are mid-price trades ABOVE 297.3 to improve acceleration ……..
</p
View Previous Tesco & Big Picture ***