#Harland #FTSE The current iteration of Harland & Wolff must harbour mixed feelings about the names ancestry. The two massive cranes which dominate the Belfast skyline provide a permanent reminder of their presence. Unfortunately, the memory of their most famous ship, The Titanic, must also haunt the company as few shipyards will enjoy being famous for building the largest ship in the world which also sunk on its maiden voyage.
As always seems to be the case nowadays with shipbuilding in the UK, the company appears threatened by a lack of support from the government. In this case, it’s a lack of a £200m export credit guarantee at risk of blockage by the treasury. It certainly appears ridiculous such a relatively small sum of money could be threatening such a large company, especially when the current Defence Secretary, Grant Shapps, claimed in a recent speech the UK has entered a “golden age of shipbuilding!” Needless to say, if a UK politician is willing to make such a claim, the exact opposite is probably the truth, the last few years having given our political rulers plenty of opportunities to utterly mislead the nation as to what’s really going on.
Something certainly is going on as we’ve received a few emails asking our opinion on the share price future prospects. Without a doubt, this one is difficult as it feels like it has already hit an iceberg.
Now below just 8.7p risks triggering reversals to an initial 7.7p and perhaps a bounce. If broken, our secondary and “ultimate” bottom work out at 5.7p, this being a level below which we cannot calculate without introducing a negative sign in front of the target. But visually, there’s certainly a reasonable level of hope it shall bounce from the 5.7p level.
Unfortunately, to give hope, the share price currently requires a bit of a miracle. Trading above 10.85p should provide early warning of something positive happening, giving a scenario where we can postulate the potential of price recovery to an initial 13p, obviously fairly useless in the grand scheme of things. Only above 13p do things start to look interesting, giving an initial target of 18.1p with secondary, if bettered, at 22p and some possible hesitation, given the share price behaviour during 2023.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:58:42PM | BRENT | 8236.7 | |||||||||
| 11:01:27PM | GOLD | 2420.61 | |||||||||
| 11:07:40PM | FTSE | 8420.3 | 8366 | 8353 | 8310 | 8412 | 8428 | 8437 | 8454 | 8415 | Success |
| 11:09:57PM | STOX50 | 5047.3 | 5024 | 5015 | 4983 | 5062 | 5061 | 5075 | 5092 | 5047 | Success |
| 11:12:08PM | GERMANY | 18736 | Success | ||||||||
| 11:14:24PM | US500 | 5322.7 | |||||||||
| 11:22:23PM | DOW | 39884.5 | |||||||||
| 11:25:19PM | NASDAQ | 18718 | |||||||||
| 11:30:58PM | JAPAN | 38920 |
21/05/2024 FTSE Closed at 8416 points. Change of -0.09%. Total value traded through LSE was: £ 5,479,565,793 a change of 22.51%
20/05/2024 FTSE Closed at 8424 points. Change of 0.05%. Total value traded through LSE was: £ 4,472,630,359 a change of -22.38%
17/05/2024 FTSE Closed at 8420 points. Change of -0.21%. Total value traded through LSE was: £ 5,762,302,042 a change of 1.63%
16/05/2024 FTSE Closed at 8438 points. Change of -0.08%. Total value traded through LSE was: £ 5,669,902,118 a change of -17.37%
15/05/2024 FTSE Closed at 8445 points. Change of 0.2%. Total value traded through LSE was: £ 6,861,663,966 a change of 1.88%
14/05/2024 FTSE Closed at 8428 points. Change of 0.17%. Total value traded through LSE was: £ 6,735,233,272 a change of 43.21%
13/05/2024 FTSE Closed at 8414 points. Change of -0.23%. Total value traded through LSE was: £ 4,703,191,844 a change of -3.6% 
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:AFC AFC Energy** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:FOXT Foxtons** **LSE:GKP Gulf Keystone** **LSE:HL. Hargreaves Lansdown** **LSE:IQE IQE** **
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Updated charts published on : AFC Energy, Avacta, Astrazeneca, Foxtons, Gulf Keystone, Hargreaves Lansdown, IQE,
LSE:AFC AFC Energy Close Mid-Price: 21.25 Percentage Change: -1.16% Day High: 22 Day Low: 21.3
Further movement against AFC Energy ABOVE 22 should improve acceleration ……..
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View Previous AFC Energy & Big Picture ***
LSE:AVCT Avacta Close Mid-Price: 41.75 Percentage Change: -3.36% Day High: 42.75 Day Low: 41.5
Continued weakness against AVCT taking the price below 41.5 calculates as ……..
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View Previous Avacta & Big Picture ***
LSE:AZN Astrazeneca. Close Mid-Price: 12364 Percentage Change: + 2.22% Day High: 12440 Day Low: 12134
All Astrazeneca needs are mid-price trades ABOVE 12440 to improve acceler ……..
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View Previous Astrazeneca & Big Picture ***
LSE:FOXT Foxtons. Close Mid-Price: 70.6 Percentage Change: + 2.02% Day High: 70.8 Day Low: 68.2
In the event of Foxtons enjoying further trades beyond 70.8, the share sh ……..
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View Previous Foxtons & Big Picture ***
LSE:GKP Gulf Keystone. Close Mid-Price: 142.1 Percentage Change: + 3.50% Day High: 143.1 Day Low: 136.3
In the event of Gulf Keystone enjoying further trades beyond 143.1, the s ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:HL. Hargreaves Lansdown. Close Mid-Price: 932.8 Percentage Change: + 4.15% Day High: 944.6 Day Low: 888
Target met. Continued trades against HL. with a mid-price ABOVE 944.6 sho ……..
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View Previous Hargreaves Lansdown & Big Picture ***
LSE:IQE IQE Close Mid-Price: 34.55 Percentage Change: -4.43% Day High: 37 Day Low: 34.45
In the event of IQE enjoying further trades beyond 37, the share should e ……..
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View Previous IQE & Big Picture ***