#Gold #FTSE Launched on the AIM market in 2003 with a market capitalisation of £10 million, aerospace company Melrose Industries can be presented as the dream share from the AIM. Adjusting for multiple share price splits over the years, it one enjoyed a low equivalent to 14p in todays money, not bad for a share price which achieved an adjusted high toward 8 quid back in 2020. It’s the sort of story which keeps AIM devotees awake at night while they review their devotion to the likes of Gulf Keystone.
A glance at the company Wikipedia page is certainly recommended, if wanting to be impressed. The company website, not so much, as there are a few dodgy comments. For instance, a commitment to spending a massive 80% of their R&D budget on Climate Related matters per year, to contribute to the decarbonisation of aerospace, raises an eyebrow. It’s a bit like a car manufacturer doing similar, eventually coming to the conclusion it will be better just not to make cars. We’d prefer an aerospace company devoted resources to keeping aircraft in the air!
Perhaps, it’s just one of these dream Green ambitions which a corporate committee thought looked good on the website.
Visually, above 590p would make an excellent stop loss level, if chasing a reversal position on this share price. Basically, price movements above such a level utter foul up all our calculations.
Currently, below 540p works out with the potential of reversals down to an initial 507 with our secondary, if broken, an eventual longer term 418p. As the chart below shows, this secondary ambition makes some visual sense, thus presenting a scenario where a rebound can be hoped should it ever appear However, we have some doubts, if only due to the number of share prices attempting their pre-pandemic highs. While Airbus, a leading client, have reported some hesitant numbers this year, there also appears to be a campaign highlighting orders from Airbus from a few national airlines, almost inevitable due to the Farnborough Air Show and corporate schmoozing party taking place this week.
If we choose to take 590p as being a potential trigger level for upward recovery, above this level apparently should trigger movement to an initial 728 with our secondary, if bettered, at 757p. These numbers are interesting, meeting the share price downtrend since 2017 and carrying the suggestion closure above 728p should dump the share in a long term region, where an attraction of 858 makes itself known.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:20:37PM | BRENT | 8178.9 | |||||||||
| 10:17:04PM | GOLD | 2398.34 | 2384 | 2374 | 2356 | 2402 | 2412 | 2420 | 2432 | 2399 | ‘cess |
| 10:21:51PM | FTSE | 8210.4 | 8163 | 8132 | 8095 | 8197 | 8228 | 8258 | 8277 | 8195 | Success |
| 10:43:16PM | STOX50 | 4914.9 | ‘cess | ||||||||
| 10:46:19PM | GERMANY | 18476.8 | |||||||||
| 10:49:15PM | US500 | 5562.6 | |||||||||
| 1:23:30AM | DOW | 40410 | |||||||||
| 1:27:05AM | NASDAQ | 19778 | Shambles | ||||||||
| 1:31:45AM | JAPAN | 39902 |
22/07/2024 FTSE Closed at 8198 points. Change of 0.53%. Total value traded through LSE was: £ 4,556,598,316 a change of 4.43%
19/07/2024 FTSE Closed at 8155 points. Change of -0.6%. Total value traded through LSE was: £ 4,363,233,367 a change of 1.99%
18/07/2024 FTSE Closed at 8204 points. Change of 0.21%. Total value traded through LSE was: £ 4,278,080,573 a change of -5.62%
17/07/2024 FTSE Closed at 8187 points. Change of 0.28%. Total value traded through LSE was: £ 4,532,847,996 a change of 7.45%
16/07/2024 FTSE Closed at 8164 points. Change of -0.22%. Total value traded through LSE was: £ 4,218,485,938 a change of -1.45%
15/07/2024 FTSE Closed at 8182 points. Change of -0.85%. Total value traded through LSE was: £ 4,280,715,319 a change of 2.74%
12/07/2024 FTSE Closed at 8252 points. Change of 0.35%. Total value traded through LSE was: £ 4,166,551,953 a change of -13.98% 
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:CAR Carclo** **LSE:IDS International Distribution** **LSE:IGG IG Group** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:TSCO Tesco** **
********
Updated charts published on : Carclo, International Distribution, IG Group, ITV, Just Eat, Marks and Spencer, Natwest, Ocado Plc, Sainsbury, Scancell, Tesco,
LSE:CAR Carclo. Close Mid-Price: 24 Percentage Change: + 13.21% Day High: 25 Day Low: 22
Target met. In the event of Carclo enjoying further trades beyond 25, the ……..
</p
View Previous Carclo & Big Picture ***
LSE:IDS International Distribution Close Mid-Price: 341.8 Percentage Change: -0.41% Day High: 343 Day Low: 341
In the event of International Distribution enjoying further trades beyond ……..
</p
View Previous International Distribution & Big Picture ***
LSE:IGG IG Group. Close Mid-Price: 861.5 Percentage Change: + 1.23% Day High: 863 Day Low: 827.5
Continued trades against IGG with a mid-price ABOVE 863 should improve th ……..
</p
View Previous IG Group & Big Picture ***
LSE:ITV ITV. Close Mid-Price: 84.1 Percentage Change: + 0.12% Day High: 89 Day Low: 84.35
Target met. Further movement against ITV ABOVE 89 should improve accelera ……..
</p
View Previous ITV & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 932 Percentage Change: + 1.86% Day High: 943 Day Low: 908
Continued weakness against JET taking the price below 908 calculates as l ……..
</p
View Previous Just Eat & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 320 Percentage Change: + 0.06% Day High: 323.9 Day Low: 318.4
Continued trades against MKS with a mid-price ABOVE 323.9 should improve ……..
</p
View Previous Marks and Spencer & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 338.6 Percentage Change: + 0.92% Day High: 338.8 Day Low: 335.3
Further movement against Natwest ABOVE 338.8 should improve acceleration ……..
</p
View Previous Natwest & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 424.1 Percentage Change: + 12.17% Day High: 422 Day Low: 396.4
Further movement against Ocado Plc ABOVE 422 should improve acceleration ……..
</p
View Previous Ocado Plc & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 273.4 Percentage Change: + 0.22% Day High: 276 Day Low: 272.6
Continued trades against SBRY with a mid-price ABOVE 276 should improve t ……..
</p
View Previous Sainsbury & Big Picture ***
LSE:SCLP Scancell. Close Mid-Price: 14 Percentage Change: + 7.69% Day High: 14.25 Day Low: 13
Further movement against Scancell ABOVE 14.25 should improve acceleration ……..
</p
View Previous Scancell & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 326.2 Percentage Change: + 0.06% Day High: 327.8 Day Low: 325
Further movement against Tesco ABOVE 327.8 should improve acceleration to ……..
</p
View Previous Tesco & Big Picture ***