#Brent #Dax When we ran an analysis on Lloyds three weeks ago, the share price was 55.52p and now, as we enter the downhill slope to the end of the year, it’s impressing everyone at 55.56p. This growth of 4/100ths of a penny hasn’t really impressed anyone but tends enforce our feeling the financial sector is being “parked” until such time the pending UK election finally completes the agony.
One curious event which has occurred seems to be the arithmetic we associate with GapUp GapDown movements has changed. We’d given criteria indicating potential reversals to an initial 53p but instead, the lowest the share achieved was 53.3p, causing us to revisit our criteria in case something had changed. This certainly seems to be the case, making us wonder if the market simply uses this strategy to slow share price movements, when a share price is actually in an uptrend. It creates a situation where explaining our expectations will prove difficult, next time we see this sort of thing.
On the bright side, our little tractor has had the necessary welding carried out of the cutting deck to ensure grass is correctly mulched. It has been a case of patiently waiting until such time the rear lawn has finally absorbed all the hay from my failed experiment creating a “grass exhaust”. Thankfully, a grand-daughter managed to provide a suitable excuse to avoid cutting the wilderness and also spend three hours which included listening to the Grand Prix. This particular 11 year old enjoys target shooting, choosing to bring some customer targets she’d made. While I prepared the shooting stand, she dangled some tin cans from trees 75 yards away at the top of the garden, also stapling conventional bull’s-eye targets onto tree trunks. Mercifully, we (okay, me) could hear the coverage of the Formula 1 race from Spain, making it easy to supervise what was supposed to be a shooting competition.
However, it transpired the girl only intended compete with herself, using the next 3+ hours to refine her skill while taking an astounding 290 shots, while my supervisory presence was barely required, aside from fetching more ammunition when required. With Formula1 returning to a less boring format, the race proved quite enjoyable even though it was mainly an audio event though, three leader changes in the first three laps, was the equivalent of feeding the presenters raw Duracell bunnies.
While we suspect it shall be best to find something else to do until after the General Election in a couple of weeks as Lloyds still looks like it has potential to move. From a Big Picture perspective, it already is trading in a zone where a longer term 65.75 has become a viable ambition but even near term, above 56.1p should now promote movement toward an initial 58 with secondary, if bettered, at 59.5p.
If things intend go pear shaped, below 52p risks pushing reversal to 49.5p.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 11:33:21PM | BRENT | 8427.1 | 8400 | 8385 | 8357 | 8449 | 8539 | 8799 | 9171 | 8390 |
| 11:36:55PM | GOLD | 2320.19 | ||||||||
| 11:39:31PM | FTSE | 8236.1 | ||||||||
| 11:41:30PM | STOX50 | 19745.1 | ||||||||
| 11:45:04PM | GERMANY | 18199.6 | 18010 | 17954 | 17852 | 18156 | 18265 | 18346 | 18478 | 18115 |
| 11:57:59PM | US500 | 5470.5 | ||||||||
| 12:01:48AM | DOW | 39164.5 | ||||||||
| 12:04:21AM | NASDAQ | 19740 | ||||||||
| 12:06:37AM | JAPAN | 38471 |
21/06/2024 FTSE Closed at 8237 points. Change of -0.42%. Total value traded through LSE was: £ 15,052,828,026 a change of 169.21%
20/06/2024 FTSE Closed at 8272 points. Change of 0.82%. Total value traded through LSE was: £ 5,591,583,637 a change of 26.19%
19/06/2024 FTSE Closed at 8205 points. Change of 0.17%. Total value traded through LSE was: £ 4,431,021,762 a change of -14.42%
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% 
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:AVCT Avacta** **LSE:GKP Gulf Keystone** **LSE:ITM ITM Power** **LSE:RR. Rolls Royce** **LSE:TERN Tern Plc** **
********
Updated charts published on : Avacta, ITM Power, Rolls Royce, Tern Plc,
LSE:AVCT Avacta. Close Mid-Price: 47.5 Percentage Change: + 3.83% Day High: 48.5 Day Low: 45.5
Further movement against Avacta ABOVE 48.5 should improve acceleration to ……..
</p
View Previous Avacta & Big Picture ***
LSE:GKP Gulf Keystone. Close Mid-Price: 150.9 Percentage Change: + 6.42% Day High: 155.6 Day Low: 145.1
Target met. All Gulf Keystone needs are mid-price trades ABOVE 155.6 to i ……..
</p
View Previous Gulf Keystone & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 47.12 Percentage Change: -2.44% Day High: 49.44 Day Low: 47
In the event ITM Power experiences weakness below 47 it calculates with a ……..
</p
View Previous ITM Power & Big Picture ***
LSE:RR. Rolls Royce Close Mid-Price: 473.2 Percentage Change: -2.53% Day High: 488.3 Day Low: 468.1
All Rolls Royce needs are mid-price trades ABOVE 488.3 to improve acceler ……..
</p
View Previous Rolls Royce & Big Picture ***
LSE:TERN Tern Plc Close Mid-Price: 2.1 Percentage Change: -4.55% Day High: 2.2 Day Low: 2.1
Weakness on Tern Plc below 2.1 will invariably lead to 1.9p with secondar ……..
</p
View Previous Tern Plc & Big Picture ***