#Gold #SP500 The decision to change the holding company name Royal Mail to International Distribution Services back in 2022 must appear, with hindsight, the work of genius as it firmly separated the organisation from the Post Office. This probably minimised the amount of potential cross contamination due to Post Offices abhorrent behaviour over the years. The level of negative publicity the Post Office continues to shower upon itself is truly mind blowing.
However, over the years Royal Mail certainly managed to put a few feet wrong, not least being their misguided effort to ditch the Royal Mail brand and introduce Consignia. This concept, perhaps the work of an outsourced PR department in Namibia, proved rather silly as the company attempted to walk away from the good will generated by 500 years of history. The disaster is still apparently taught to marketing students as a case study in how not to do things in the real world.
Royal Mail (International Distribution Services) share price rose by an impressive 28.85% on news someone is offering £4.5bn to take the company over. While the initial bid has been rejected, a further bid is being discussed and as a result, the share price is showing interesting potentials.
Since the company name change in 2022, the share price has been virtually flatlining, somehow adhering to an unwritten rule the share price at changeover of 206p was going to hold a long term attraction. As a result, every attempt to head north has seen the price rappel down to around the 2 quid level But with the introduction of a new player – who is already the largest shareholder, there’s quite a fascinating potential making itself known. Above just 279p now looks capable of triggering movement to an initial 292p with our secondary, if beaten, at 356p.
Should everything decide to go wrong, below 212p would strike the first blow, signalling the potential of reversal to 199p initially with secondary, if broken, at a hopeful bottom of 176p.
We think this intends head upward.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:02:49PM | BRENT | 8693 | ‘cess | ||||||||
| 10:05:51PM | GOLD | 2360.26 | 2356 | 2347 | 2330 | 2380 | 2400 | 2419 | 2450 | 2373 | |
| 10:08:12PM | FTSE | 7868 | Shambles | ||||||||
| 10:10:23PM | STOX50 | 4909.2 | ‘cess | ||||||||
| 10:21:42PM | GERMANY | 17769 | |||||||||
| 10:26:56PM | US500 | 5020 | 5007 | 4975 | 4936 | 5041 | 5079 | 5100 | 5131 | 5056 | |
| 10:29:43PM | DOW | 37742 | |||||||||
| 10:36:12PM | JAPAN | 37696 | ‘cess |
17/04/2024 FTSE Closed at 7847 points. Change of 0.35%. Total value traded through LSE was: £ 5,138,744,008 a change of -8.61%
16/04/2024 FTSE Closed at 7820 points. Change of -1.82%. Total value traded through LSE was: £ 5,622,635,189 a change of 16.7%
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% 
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:BLOE Block Energy PLC** **LSE:CCL Carnival** **LSE:MMAG Music Magpie** **LSE:OCDO Ocado Plc** **LSE:SCLP Scancell** **
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Updated charts published on : Block Energy PLC, Carnival, Music Magpie, Ocado Plc, Scancell,
LSE:BLOE Block Energy PLC. Close Mid-Price: 1.45 Percentage Change: + 7.41% Day High: 1.5 Day Low: 1.35
Further movement against Block Energy PLC ABOVE 1.5 should improve accele ……..
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View Previous Block Energy PLC & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 1012.5 Percentage Change: + 0.60% Day High: 1032 Day Low: 994
In the event Carnival experiences weakness below 994 it calculates with a ……..
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View Previous Carnival & Big Picture ***
LSE:MMAG Music Magpie Close Mid-Price: 6.25 Percentage Change: -3.85% Day High: 6.5 Day Low: 6.25
Target met. If Music Magpie experiences continued weakness below 6.25, it ……..
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View Previous Music Magpie & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 348.2 Percentage Change: + 1.55% Day High: 352 Day Low: 340
Continued weakness against OCDO taking the price below 340 calculates as ……..
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View Previous Ocado Plc & Big Picture ***
LSE:SCLP Scancell Close Mid-Price: 9.55 Percentage Change: -1.04% Day High: 9.65 Day Low: 9.44
If Scancell experiences continued weakness below 9.44, it will invariably ……..
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View Previous Scancell & Big Picture ***