#Gold #S&P500 We’re stalking a few bounce-back stocks, shares where the price should logically improve as the grim days of Lockdown recede to a distant memory, folk losing their fear of being trapped in a flying test tube full of germs… IAG (British Airways) is one such share, the price cheerfully at (adjusted due to share rights issue) 440p before the pandemic kicked industry in the teeth.
The share price is starting to show early signs of coming awake, makes us wonder if it’s going to be one of the prices which proves capable of making some sort of attempt at pre-pandemic levels. To be fair, we’d anticipated the Travel and Holiday sectors to move rather faster than has been shown, even Food and Clothing proving earlier on the steps for recovery. However, with jet engine maker Rolls Royce soaring substantially higher than their pre-pandemic price level of 240p and currently just over 4 quid, we’re inclined to attach some hope for the airline sector playing catchup at some point, perhaps fairly soon. IAG’s share price is now trading higher than any level since 2021 and has also broken through the solid Blue downtrend since 2021, in addition to breaking above a less certain downtrend since 2020.
Visually, it certainly seems we may have a point, though some patience may be required due to British Airways inherent lack of speed when gaining altitude. On the Glasgow/London run, it was once the case where the cabin staff had time to offer a 2nd cup of undrinkable coffee whereas nowadays, the seat belts light goes out for long enough to serve food and drinks, then back on for a lazy descent into the 3rd world hell which is Heathrow.
Near term, we’re inclined to view 185p as the next major trigger level, due to movement above such a point calculating with the potential of a lift to an initial 215p with our secondary, if bettered, a rather more cheerful 284p. For the long term, we shall take closure above 284p as showing a degree of commitment, perhaps a solid first step on a path to a future 573p and a challenge against the share price highs pre-pandemic.
As usual, we can hope. To justify panic, below 158p will justify deployment of emergency exit ramps.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:38:00PM | BRENT | 9003 | |||||||||
| 9:40:44PM | GOLD | 2331.66 | 2319 | 2308 | 2289 | 2334 | 2353 | 2359 | 2372 | 2332 | Success |
| 9:43:19PM | FTSE | 7964 | ‘cess | ||||||||
| 9:46:17PM | STOX50 | 4986.5 | ‘cess | ||||||||
| 9:50:53PM | GERMANY | 18067 | Shambles | ||||||||
| 10:03:12PM | US500 | 5156 | 5130 | 5104 | 5060 | 5160 | 5180 | 5191 | 5212 | 5154 | Shambles |
| 10:06:01PM | DOW | 38433.5 | Shambles | ||||||||
| 10:08:45PM | NASDAQ | 18008.3 | |||||||||
| 10:11:17PM | JAPAN | 39087 | ‘cess |
10/04/2024 FTSE Closed at 7961 points. Change of 0.34%. Total value traded through LSE was: £ 8,593,583,138 a change of 30.85%
9/04/2024 FTSE Closed at 7934 points. Change of -0.11%. Total value traded through LSE was: £ 6,567,332,567 a change of 22.56%
8/04/2024 FTSE Closed at 7943 points. Change of 0.4%. Total value traded through LSE was: £ 5,358,628,061 a change of -25.26%
5/04/2024 FTSE Closed at 7911 points. Change of -0.8%. Total value traded through LSE was: £ 7,169,871,265 a change of 23.49%
4/04/2024 FTSE Closed at 7975 points. Change of 0.48%. Total value traded through LSE was: £ 5,806,012,925 a change of -4.14%
3/04/2024 FTSE Closed at 7937 points. Change of -100%. Total value traded through LSE was: £ 6,056,901,297 a change of 0%
2/04/2024 FTSE Closed at 7935 points. Change of 0%. Total value traded through LSE was: £ 6,396,592,284 a change of 0% 
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:AAL Anglo American** **LSE:BP. BP PLC** **LSE:CEY Centamin** **LSE:EZJ EasyJet** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IQE IQE** **LSE:SDY Speedyhire** **LSE:TLW Tullow** **LSE:TSCO Tesco** **
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Updated charts published on : Anglo American, BP PLC, Centamin, EasyJet, HSBC, British Airways, IQE, Speedyhire, Tullow, Tesco,
LSE:AAL Anglo American Close Mid-Price: 2145.5 Percentage Change: -2.10% Day High: 2229 Day Low: 2108.5
All Anglo American needs are mid-price trades ABOVE 2229 to improve accel ……..
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View Previous Anglo American & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 520.1 Percentage Change: + 0.68% Day High: 523.5 Day Low: 516.1
Target met. In the event of BP PLC enjoying further trades beyond 523.5, ……..
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View Previous BP PLC & Big Picture ***
LSE:CEY Centamin. Close Mid-Price: 125 Percentage Change: + 0.40% Day High: 126.6 Day Low: 122.8
Target met. In the event of Centamin enjoying further trades beyond 126.6 ……..
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View Previous Centamin & Big Picture ***
LSE:EZJ EasyJet Close Mid-Price: 571 Percentage Change: -0.45% Day High: 590.8 Day Low: 569.6
Further movement against EasyJet ABOVE 590.8 should improve acceleration ……..
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View Previous EasyJet & Big Picture ***
LSE:HSBA HSBC. Close Mid-Price: 663.2 Percentage Change: + 2.87% Day High: 665 Day Low: 649
Target met. In the event of HSBC enjoying further trades beyond 665, the ……..
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View Previous HSBC & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 175.55 Percentage Change: + 0.77% Day High: 180.15 Day Low: 173.5
Target met. In the event of British Airways enjoying further trades beyo ……..
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View Previous British Airways & Big Picture ***
LSE:IQE IQE. Close Mid-Price: 25.75 Percentage Change: + 28.75% Day High: 27.7 Day Low: 21.7
In the event of IQE enjoying further trades beyond 27.7, the share should ……..
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View Previous IQE & Big Picture ***
LSE:SDY Speedyhire. Close Mid-Price: 25.75 Percentage Change: + 1.58% Day High: 26 Day Low: 23
If Speedyhire experiences continued weakness below 23, it will invariably ……..
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View Previous Speedyhire & Big Picture ***
LSE:TLW Tullow. Close Mid-Price: 35.82 Percentage Change: + 2.28% Day High: 36.02 Day Low: 35.1
In the event of Tullow enjoying further trades beyond 36.02, the share sh ……..
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View Previous Tullow & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 297 Percentage Change: + 3.30% Day High: 306.1 Day Low: 284
Target met. Further movement against Tesco ABOVE 306.1 should improve acc ……..
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View Previous Tesco & Big Picture ***