#FTSE #WallSt There was once a pop group called The Beatles and they wrote a tune called “Dear Prudence”. There can be few folk surfing the decline in Prudential’s share price since 2018 who don’t silently sing the first line of the song; “Dear Prudence, won’t you come out to play?” as they patiently tolerate the reduction in share value from 20 quid to a current 755p. Potentially, there is some good news on the horizon.
From a big picture perspective, since 2020 there has been a need for the share price to close a session below 736p to drive a final nail in its coffin. However, a few days ago when the price collapsed down to 719p, it actually closed the session at 745p, failing to pull a serious trigger. Our inclination is toward some hope we’ve just seen the price achieve a bottom.
This being the case, above 768p has the potential to provoke some fun and gains, allowing price recovery to an initial 784p with our secondary, if beaten, at a significant future 837p. We’re inclined to treat the potential of a future 837p as significant as it risks allowing the share price to nudge above the Red uptrend which dates back to the year 2009 and an era when “Dear Prudence” was around 40 years old.
However, if things intend go wrong, below 747 now risks a visit to an initial 736 with our secondary, if broken, calculating at 700p and hopefully a proper bounce. Danger intrudes, if 700p breaks as a third “it almost MUST bounce” level intrudes at 626p, a price level which makes little visual sense as it’d take the share into a zone which threatens armageddon which shall be difficult to recover from.
For now, as we face the annual chocolate festival of Easter with its unfortunate “diet starts Tuesday” implication, have a good long weekend and we’ll return on Tuesday.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:58:57PM | BRENT | 8555.7 | 8447 | 8367 | 8517 | 8563 | 8608 | 8516 | Shambles | ||
| 10:00:59PM | GOLD | 2194.45 | 2175 | 2166 | 2183 | 2201 | 2218 | 2185 | |||
| 10:02:55PM | FTSE | 7936.5 | 7890 | 7861 | 7917 | 7954 | 7968 | 7931 | ‘cess | ||
| 10:09:39PM | STOX50 | 5094.1 | 5061 | 5041 | 5092 | 5103 | 5128 | 5080 | Success | ||
| 10:14:55PM | GERMANY | 18531.9 | 18383 | 18312 | 18494 | 18537 | 18553 | 18380 | ‘cess | ||
| 10:20:25PM | US500 | 5248.5 | 5214 | 5205 | 5230 | 5257 | 5266 | 5213 | |||
| 10:23:28PM | DOW | 39758 | 39456 | 39370 | 39580 | 39818 | 39885 | 39584 | Success | ||
| 10:25:46PM | NASDAQ | 18270.8 | 18212 | 18156 | 18242 | 18354 | 18419 | 18247 | |||
| 10:28:43PM | JAPAN | 40478 | 40455 | 40218 | 40672 | 40984 | 41165 | 40618 | ‘cess |
27/03/2024 FTSE Closed at 7931 points. Change of 0.01%. Total value traded through LSE was: £ 6,984,265,081 a change of 6.21%
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% 
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:AV. Aviva** **LSE:AVCT Avacta** **LSE:BBY BALFOUR BEATTY** **LSE:CCL Carnival** **LSE:IAG British Airways** **LSE:TSCO Tesco** **
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Updated charts published on : Aviva, Avacta, BALFOUR BEATTY, Carnival, British Airways, Tesco,
LSE:AV. Aviva. Close Mid-Price: 496.2 Percentage Change: + 0.02% Day High: 497.8 Day Low: 493.2
Further movement against Aviva ABOVE 497.8 should improve acceleration to ……..
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LSE:AVCT Avacta Close Mid-Price: 49 Percentage Change: -3.73% Day High: 51.25 Day Low: 48.75
Weakness on Avacta below 48.75 will invariably lead to 45p with secondary ……..
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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 384 Percentage Change: + 0.37% Day High: 390.8 Day Low: 381.4
In the event of BALFOUR BEATTY enjoying further trades beyond 390.8, the ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 1236.5 Percentage Change: + 1.69% Day High: 1283 Day Low: 1157
Target met. All Carnival needs are mid-price trades ABOVE 1283 to improve ……..
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View Previous Carnival & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 171.5 Percentage Change: + 3.31% Day High: 171.15 Day Low: 166.7
Target met. Further movement against British Airways ABOVE 171.15 should ……..
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View Previous British Airways & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 298.2 Percentage Change: + 0.47% Day High: 300 Day Low: 296.5
Continued trades against TSCO with a mid-price ABOVE 300 should improve t ……..
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View Previous Tesco & Big Picture ***