#FTSE #NASDAQ This, we think, is the first time we’ve covered a company with a Dual Listing in both Jo’burg and London. A childhood addiction to Wilbur Smiths books provided a long term liking for South Africa, one of these bucket list things. When our daughter opted to marry a South African, we had no objections to funding a wedding as it would tick off a bucket list thing and better still, get our daughter off our hands. However…
The wedding was utterly brilliant, the organisation and catering in a wildlife park venue a credit to the country. Our impressions of the country were boosted, thanks to South African hosts who ensured we only saw the better parts of Johannesburg, exactly as anyone would do with a guest visiting their home town. The first night was quite memorable, sitting outside with drinks while listening to the sporadic fireworks going off in the distance, looking up at an unfamiliar sky of stars. Of course, the next morning, we discovered the “fireworks” were actually gunshots, due to some sort of gang warfare but it did give a solid reason for the gated area in which we stayed being patrolled by armed guards. We opted to take a walk before breakfast to a nearby supermarket we’d noticed on the way. There was a wonderful sense of familiarity, Ken Bruce of ‘One Year Out’ fame voicing some sort of background radio in the store, creating the opportunity to joke with the cashier. I’d attended the same Primary School as Ken Bruce, thankfully a few years behind him. With a bag of goodies, we returned to our accommodation, one of the staff wanting to walk with us to hear more tales of Scotland.
Inevitably, we received quite a scary talk about personal safety and it was pointed out supermarkets generally don’t provide escorts to ensure their customers get home. In this particular area, the white populace didn’t shop at the local stores and would never, ever, walk the streets to get there. Worse, when asking over breakfast what all the fireworks were for the previous night, incredulity ruled that we didn’t recognise gunfire. Despite this, we continued to thoroughly enjoy our time in the country, especially the lack of Europe’s Orwellian anti-smoking laws back in 2010. But now, as neither of us still smoke and our views have changed, there was something pleasantly familiar on the night of the wedding, people able to indulge their habit in a way which had long been impossible in broken, nanny state, UK.
Investec, operating primarily in the UK and South Africa, employs over 8,000 people worldwide and now appear to have a share price worthy of some respect too.
Trading higher than at any point since the close of 2018, we’re inclined to look favourably on their prospects for the future. In addition to achieving an official “higher high”, the share price has also broken through and closed above a Blue downtrend which dates back to 2007, each of these things giving an impression something solid may be happening. There’s quite an easy tick box needing attention in the near term as movement above just 592p should trigger gains toward an initial 608p. Longer term, our secondary is at 697p but it may be important to mention The Big Picture is also suggesting a distant sounding 770p as valid, almost exactly matching the shares previous all time highs from 2007.
If things intend go wrong, the share price requires to slump below Red (500p currently) to trigger reversal to an initial 468 with secondary, if broken, at 428p and a probable bottom.
Visually, we like this one.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:00:28PM | BRENT | 8511.6 | ‘cess | ||||||||
| 10:03:45PM | GOLD | 2329 | |||||||||
| 10:36:19PM | FTSE | 8192.9 | 8157 | 8148 | 8129 | 8183 | 8205 | 8227 | 8263 | 8178 | |
| 10:41:25PM | STOX50 | 4918.7 | ‘cess | ||||||||
| 10:44:21PM | GERMANY | 18153.1 | ‘cess | ||||||||
| 10:48:29PM | US500 | 5490 | |||||||||
| 10:51:54PM | DOW | 38840 | Success | ||||||||
| 10:56:41PM | NASDAQ | 19920.5 | 19840 | 19817 | 19760 | 19920 | 19981 | 21048 | 21343 | 19840 | |
| 11:04:30PM | JAPAN | 38592 |
18/06/2024 FTSE Closed at 8191 points. Change of 0.6%. Total value traded through LSE was: £ 5,177,578,584 a change of -3.32%
17/06/2024 FTSE Closed at 8142 points. Change of -0.05%. Total value traded through LSE was: £ 5,355,562,392 a change of 9.34%
14/06/2024 FTSE Closed at 8146 points. Change of -0.21%. Total value traded through LSE was: £ 4,897,995,674 a change of -10.04%
13/06/2024 FTSE Closed at 8163 points. Change of -0.63%. Total value traded through LSE was: £ 5,444,343,185 a change of -29.92%
12/06/2024 FTSE Closed at 8215 points. Change of 0.83%. Total value traded through LSE was: £ 7,768,504,488 a change of -2.17%
11/06/2024 FTSE Closed at 8147 points. Change of -0.98%. Total value traded through LSE was: £ 7,940,759,501 a change of 69.47%
10/06/2024 FTSE Closed at 8228 points. Change of -0.21%. Total value traded through LSE was: £ 4,685,518,096 a change of -0.6% 
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:BDEV Barrett Devs** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:RKH Rockhopper** **LSE:TERN Tern Plc** **LSE:ZOO Zoo Digital** **
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Updated charts published on : Barrett Devs, Intercontinental Hotels Group, ITM Power, Rockhopper, Tern Plc, Zoo Digital,
LSE:BDEV Barrett Devs Close Mid-Price: 481.9 Percentage Change: -1.19% Day High: 493 Day Low: 482.8
If Barrett Devs experiences continued weakness below 482.8, it will invar ……..
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View Previous Barrett Devs & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 8264 Percentage Change: + 1.57% Day High: 8332 Day Low: 8174
Continued trades against IHG with a mid-price ABOVE 8332 should improve t ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 47.82 Percentage Change: -0.87% Day High: 49.62 Day Low: 47.82
If ITM Power experiences continued weakness below 47.82, it will invariab ……..
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View Previous ITM Power & Big Picture ***
LSE:RKH Rockhopper. Close Mid-Price: 14.9 Percentage Change: + 0.00% Day High: 15.2 Day Low: 14.5
Target met. Further movement against Rockhopper ABOVE 15.2 should improve ……..
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View Previous Rockhopper & Big Picture ***
LSE:TERN Tern Plc Close Mid-Price: 2.2 Percentage Change: -6.38% Day High: 2.35 Day Low: 2.25
Continued weakness against TERN taking the price below 2.25 calculates as ……..
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View Previous Tern Plc & Big Picture ***
LSE:ZOO Zoo Digital. Close Mid-Price: 65 Percentage Change: + 0.00% Day High: 66.5 Day Low: 64.5
All Zoo Digital needs are mid-price trades ABOVE 66.5 to improve accelera ……..
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View Previous Zoo Digital & Big Picture ***