#Gold #WallSt For rather a long time, I’d assumed Man Group were something to do with a Norwich company who made big trucks, along with a strong pedigree in aircraft and automobiles. It was a bit of a surprise to discover the word Mann at the front of lorries actually employed two N’s in the name, whereas LSE listed Man Group were actually formed by a man called Man in 1783. A quite amazing statistic is, aside from their diversification into Financial Services, the company supplied the Royal Navy with rum for its daily Rum Ration, from 1784 until 1970 without interruption.
They’ve obviously been around the block, surviving 201 years beyond the founders death in 1823!
Their share price hasn’t been achieving anything of great interest but recent price movements in relation to the downtrend since 2008 are perhaps of note, maybe even indicative of happier days ahead without being forced to partake a shot of rum.
Currently, above 280p should trigger a change in fortunes, calculating with the potential of a lift to an initial 293p with our secondary, if exceeded, working out at a longer term 350p. Unusually, and something worth watching for with this particular share, will be closure above 283p signalling the share price closing above the circled high which comprises part of the 2008 downtrend. This shall be regarded as quite a big deal for the long term, indicating the share price has eased a toe over the starting line for long term recovery where a distant (and impossible looking) 551p calculates as possible. Perhaps it’s not as unlikely as we’re suggesting, given the company claim to be trading in over 800 markets around the world. We already know most of them are nothing like the FTSE…
If things intend go wrong, we’d regard weakness below 252p as troubling, risking promoting reversal to an initial 240p with secondary, if broken, at 227p.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:38:26PM | BRENT | 8987 | ‘cess | ||||||||
| 9:41:45PM | GOLD | 2380.4 | 2328 | 2316 | 2292 | 2361 | 2390 | 2405 | 2416 | 2365 | |
| 9:45:10PM | FTSE | 7900.6 | Success | ||||||||
| 9:49:07PM | STOX50 | 4932.9 | Success | ||||||||
| 9:59:55PM | GERMANY | 17864.2 | |||||||||
| 10:30:26PM | US500 | 5057.9 | Success | ||||||||
| 10:32:56PM | DOW | 37731 | 37660 | 37649 | 37403 | 37804 | 38047 | 38180 | 38353 | 37953 | Shambles |
| 10:39:52PM | NASDAQ | 17701 | Success | ||||||||
| 10:42:01PM | JAPAN | 38675 | Success |
15/04/2024 FTSE Closed at 7965 points. Change of -0.38%. Total value traded through LSE was: £ 4,817,927,674 a change of -11.37%
12/04/2024 FTSE Closed at 7995 points. Change of 0.91%. Total value traded through LSE was: £ 5,435,726,241 a change of -8.93%
11/04/2024 FTSE Closed at 7923 points. Change of -0.48%. Total value traded through LSE was: £ 5,968,969,501 a change of -30.54%
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% 
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:CCL Carnival** **LSE:ECO ECO (Atlantic) O & G** **LSE:IQE IQE** **LSE:OCDO Ocado Plc** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **
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Updated charts published on : Carnival, ECO (Atlantic) O & G, IQE, Ocado Plc, Tern Plc, Tullow,
LSE:CCL Carnival Close Mid-Price: 1035 Percentage Change: -0.10% Day High: 1062.5 Day Low: 1026.5
Weakness on Carnival below 1026.5 will invariably lead to 964p with secon ……..
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View Previous Carnival & Big Picture ***
LSE:ECO ECO (Atlantic) O & G Close Mid-Price: 8.16 Percentage Change: -7.80% Day High: 8.65 Day Low: 7.85
Weakness on ECO (Atlantic) O & G below 7.85 will invariably lead to 7.4p ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:IQE IQE. Close Mid-Price: 31.9 Percentage Change: + 10.57% Day High: 32.55 Day Low: 27.65
Target met. Continued trades against IQE with a mid-price ABOVE 32.55 sho ……..
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View Previous IQE & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 363.9 Percentage Change: + 2.02% Day High: 361.8 Day Low: 348.8
If Ocado Plc experiences continued weakness below 348.8, it will invariab ……..
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View Previous Ocado Plc & Big Picture ***
LSE:TERN Tern Plc. Close Mid-Price: 2.9 Percentage Change: + 7.41% Day High: 2.95 Day Low: 2.65
This now needs above 3.85 to hopefully produce recovery to an initial 4.88 ……..
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View Previous Tern Plc & Big Picture ***
LSE:TLW Tullow Close Mid-Price: 36.14 Percentage Change: -4.34% Day High: 38.8 Day Low: 35.14
All Tullow needs are mid-price trades ABOVE 38.8 to improve acceleration ……..
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View Previous Tullow & Big Picture ***