Barr (a.g.) Plc (LSE:BAG) around 612 at time of writing.

#FTSE #SP500  One of the more amusing articles on trading recently revealed Julie Barr (a company ‘insider’) had acquired further shares in the company stock, purchasing a total of 25 shares with a transaction value of just over 152 quid.  This earth shattering purchase somehow justified a full page, writing about nothing, and we suspect given the timing, it probably related to a friendly bet about the general election result.

The makers of 125 year old Irn-Bru, along with a few other notable soft drinks, apparently remain outselling the conventional Coke and Pepsi companies in Scotland. We’ve been impressed by the company failing to join the other majors in price gouging during the last few years, ignoring the situation where Pepsi now costs more per litre than petrol or diesel, Coca Cola remaining not far behind. Unsurprisingly, there are expectations of the company sales improving considerably this year.

 

The company share price is now trading at levels not seen since 2020, giving some hope for further improvements in performance this year. The situation now suggests movements exceeding just 630p should trigger further share price gains to an initial 674p with our secondary, if bettered, an eventual 751p. Visually, there is certainly the threat of some hesitation at the 674p level, given it matches the share price highs following the circled manipulation drop from 2019.

Should things intend flatten out once again, below 577p risks a visit to an initial 540p with our secondary, if broken, at an eventual 512p and a possible rebound.

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:07:32PM BRENT 8465.5 ‘cess
10:11:44PM GOLD 2363.69
10:16:09PM FTSE 8151.7 8149 8125 8070 8175 8174 8187 8206 8150 ‘cess
10:22:28PM STOX50 4902.9 ‘cess
10:26:31PM GERMANY 18244 ‘cess
10:29:34PM US500 5578.1 5574 5571 5564 5582 5592 5596 5603 5580 ‘cess
10:32:11PM DOW 39287.5 ‘cess
10:34:53PM NASDAQ 20457.8 ‘cess
10:39:43PM JAPAN 41524 Success

 

9/07/2024 FTSE Closed at 8139 points. Change of -0.66%. Total value traded through LSE was: £ 5,509,291,048 a change of 31.2%
8/07/2024 FTSE Closed at 8193 points. Change of -0.12%. Total value traded through LSE was: £ 4,199,265,800 a change of -27.16%
5/07/2024 FTSE Closed at 8203 points. Change of -0.46%. Total value traded through LSE was: £ 5,765,215,799 a change of 61.04%
4/07/2024 FTSE Closed at 8241 points. Change of 0.86%. Total value traded through LSE was: £ 3,579,962,751 a change of -46.51%
3/07/2024 FTSE Closed at 8171 points. Change of 0.62%. Total value traded through LSE was: £ 6,692,388,368 a change of 28.25%
2/07/2024 FTSE Closed at 8121 points. Change of -0.55%. Total value traded through LSE was: £ 5,218,218,449 a change of 8.89%
1/07/2024 FTSE Closed at 8166 points. Change of 0.02%. Total value traded through LSE was: £ 4,792,112,455 a change of -7.38%

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:BBY BALFOUR BEATTY** **LSE:NG. National Glib** **LSE:STAR Star Energy** **

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Updated charts published on : Avacta, BALFOUR BEATTY, National Glib, Star Energy,


LSE:AVCT Avacta. Close Mid-Price: 74.5 Percentage Change: + 6.43% Day High: 77.5 Day Low: 70

Target met. All Avacta needs are mid-price trades ABOVE 77.5 to improve a ……..

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LSE:BBY BALFOUR BEATTY Close Mid-Price: 392.4 Percentage Change: -0.76% Day High: 398.6 Day Low: 388.2

In the event of BALFOUR BEATTY enjoying further trades beyond 398.6, the ……..

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LSE:NG. National Glib. Close Mid-Price: 929.8 Percentage Change: + 0.13% Day High: 943.4 Day Low: 927

Further movement against National Glib ABOVE 943.4 should improve acceler ……..

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LSE:STAR Star Energy. Close Mid-Price: 8.05 Percentage Change: + 1.64% Day High: 7.98 Day Low: 7.98

In the event of Star Energy enjoying further trades beyond 7.98, the shar ……..

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*** End of “Updated Today” comments on shares.

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