When Bitcoin met De La Rue (COIN:BTCUSD & LSE:DLAR) 54,644 and 55.34 at time of writing. #BTCUSD #DLAR It was an unusual day on Monday in many respects. From a personal viewpoint, glancing out the bedroom window revealed a ship called The Waverly going past. It’s the last sea-going paddle steamer in the world, one which brings back unpleasant memories. Back in the day, it was a popular corporate venue companies such as Vauxhall, Chrysler, Esso, BP or Shell, hiring it fairly regularly for “fun” trips down the River Clyde with a splash around the Isle of Arran, the thing going at full speed all the time. Meanwhile, the free bars below deck ensured guests completely ignored the scenery with only the Ceilidh band above decks blasting out Scottish dance tunes. My unpleasant memories of the vessel stem from our company selling all the foregoing corporate products with the result an evening on board became less of an honour, more a reason to reward staff members on a booze cruise. Unfortunately, literally on my 18th Birthday, Vauxhall organised their annual cruise with the result it became something of a mission amongst folk from our company to get me utterly hammered when I could now drink legally.
Once the vessel rounded Arran, I suffered the entire journey back to Glasgow, closely admiring the water over the rear guard rail, discovering whisky isn’t as much fun when it comes back out. Inevitably, a few months later, one of the oil companies hired the boat with me once again designated as the representative of the company, a convenient 18 year old family member who was gullible. It proved an unpleasant replay of the first trip, this time a comedy of errors ensured my mother was collecting my corpse from the dock. Needless to say, my dad and cousins were banned from ever letting me go on corporate junkets as the official family representative. Until, a particular golf competition at Gleneagles but that’s another story… From about the age of 11, playing 18 holes every day at a local council course with my Mum, Dad, my friends, or alone, provided a surprising skill set.
The main issue behind this story is the snapshot through the window shows just 18 people on deck, while the vessel charges through our usual August monsoon weather here in Argyll. Perhaps many more were below decks in the sumptuous bars and dining areas but, it’s doubtful.
Something similarly unpleasant appears to be happening with the markets and inevitably, we chose DLAR and Bitcoin as “cases in point” as they both look to be in trouble. De La Rue prove especially irritating, the company managing to lose their contract – AFTER Brexit – to a French/German organisation to produce UK Passports. Quite how they managed this remains a mystery as surely the most naive PR Consultant should have been able to pressure the UK Government to favour a UK Company. Instead, it was decided the ability of DLAR to produce plastic bank notes could continue, the company potentially able to flourish with their digital signature bias. We were not impressed with the Boris Johnson ability to allow a leading UK company, after Brexit, to lose the contract to print UK Passports overseas. A mainstay of the Brexit argument had been to stop this sort of thing happening, a concept which was somehow lost in 2019 without any rational explanation.
The markets look destined to experience a surprise recovery on Tuesday and as always, traders will ignore 10% down days are quite different from 10% up days. It’s really simple, if an index is at 1,000 and experiences a 10% drop, it finds itself at 900 points. Should it experience a 10% gain the next day, it will find itself at 990 points, failing to recover from its loss and actually experiencing a lower high. Cutting a long story short, even though Tuesday and Wednesday may show recovery in Europe and the USA, we are just a little cynical.
Returning to De La Rue, their share price is looking troublesome as movement below 88p looks capable of triggering reversal to an initial 86p with secondary, if/when broken at 79p and hopefully a bottom capable of generating a rebound. The share price needs exceed 96p to attain a degree of safety, thus providing a reasonable stop loss level.
As for BitCoin, our historical abhorrence of crypto currency ensured we are a little cynical about recent moves, suggesting below 48,785 shall prove dangerous, allowing weakness to an initial 41,274 with our secondary, at a stupid sounding 27,874 dollars. The problem with our secondary level is it makes quite a lot of visual sense! All things considered, a rebound from the 41K level shall make a lot more sense than continued reversals but it’s BitCoin, so who knows.
As for De La Rue, so call their share price a mess would be an understatement, everything depends on the share closing price but, to be fair, they look a little stuffed.
But some hope is offered by movement above just 8,126 points leading to an initial 8,297 with secondary, if beaten, at an unlikely 8,424 points. We distrust this calculation. Instead, it feels more likely, doubtless later in the week, share price travel below 7,915 shall provoke reversals to an initial 8,652 with our secondary, when broken, a probable bottom of 7,928.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:31:20PM | BRENT | 7726.1 | 7505 | 7395 | 7108 | 7744 | 7740 | 7830 | 7939 | 7609 | ‘cess |
| 11:03:14PM | GOLD | 2410.15 | 2363 | 2343 | 2339 | 2396 | 2413 | 2427 | 2448 | 2400 | Success |
| 12:29:56AM | FTSE | 8043 | 7991 | 7911 | 7721 | 8068 | 8068 | 8128 | 8199 | 8007 | Success |
| 12:45:06AM | STOX50 | 4603.8 | 4473 | 4418 | 4182 | 4574 | 4635 | 4698 | 4773 | 4563 | ‘cess |
| 1:17:26AM | GERMANY | 17463.9 | 17023 | 16881 | 16197 | 17295 | 17651 | 17815 | 18079 | 17402 | ‘cess |
| 1:26:34AM | US500 | 5233.4 | 5092 | 5056 | 4991 | 5224 | 5254 | 5329 | 5408 | 5164 | Success |
| 1:35:07AM | DOW | 38932 | 38397 | 38201 | 37143 | 38828 | 39158 | 39903 | 40406 | 38854 | Success |
| 1:38:54AM | NASDAQ | 18143.8 | 17244 | 16991 | 15740 | 17712 | 18270 | 18744 | 19244 | 17798 | ‘cess |
| 1:45:51AM | JAPAN | 34239 | 32923 | 32600 | 32026 | 33381 | 34345 | 36812 | 38952 | 33775 | ‘cess |
5/08/2024 FTSE Closed at 8008 points. Change of -2.03%. Total value traded through LSE was: £ 7,714,993,159 a change of 12.21%
2/08/2024 FTSE Closed at 8174 points. Change of -1.32%. Total value traded through LSE was: £ 6,875,472,629 a change of 20.68%
1/08/2024 FTSE Closed at 8283 points. Change of -1%. Total value traded through LSE was: £ 5,697,242,185 a change of -8.56%
31/07/2024 FTSE Closed at 8367 points. Change of 1.12%. Total value traded through LSE was: £ 6,230,318,806 a change of 19.13%
30/07/2024 FTSE Closed at 8274 points. Change of -0.22%. Total value traded through LSE was: £ 5,229,655,790 a change of 9.68%
29/07/2024 FTSE Closed at 8292 points. Change of 0.08%. Total value traded through LSE was: £ 4,768,279,831 a change of 1.53%
26/07/2024 FTSE Closed at 8285 points. Change of 1.21%. Total value traded through LSE was: £ 4,696,468,997 a change of -12.32% 
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:BP. BP PLC** **LSE:CCL Carnival** **LSE:CNA Centrica** **LSE:EMG MAN** **LSE:GENL Genel** **LSE:IHG Intercontinental Hotels Group** **LSE:JET Just Eat** **LSE:LLOY Lloyds Grp.** **LSE:OPG OPG Power Ventures** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:SCLP Scancell** **LSE:TLW Tullow** **
********
Updated charts published on : AFC Energy, Avacta, BP PLC, Centrica, MAN, Genel, Intercontinental Hotels Group, Just Eat, Lloyds Grp., OPG Power Ventures, Parkmead, Scancell, Tullow,
LSE:AFC AFC Energy Close Mid-Price: 13.7 Percentage Change: -4.86% Day High: 14.18 Day Low: 13.3
If AFC Energy experiences continued weakness below 13.3, it will invariab ……..
</p
View Previous AFC Energy & Big Picture ***
LSE:AVCT Avacta Close Mid-Price: 57 Percentage Change: -8.06% Day High: 61 Day Low: 52
Target met. Weakness on Avacta below 52 will invariably lead to 49.5p wit ……..
</p
View Previous Avacta & Big Picture ***
LSE:BP. BP PLC Close Mid-Price: 431 Percentage Change: -3.10% Day High: 435.85 Day Low: 427.15
Target met. If BP PLC experiences continued weakness below 427.15, it wil ……..
</p
View Previous BP PLC & Big Picture ***
LSE:CCL Carnival Close Mid-Price: 1034 Percentage Change: -2.50% Day High: 1036.5 Day Low: 966.2
Continued weakness against CCL taking the price below 966.2 calculates as ……..
</p
View Previous Carnival & Big Picture ***
LSE:CNA Centrica Close Mid-Price: 121.25 Percentage Change: -4.72% Day High: 124.75 Day Low: 120.8
In the event Centrica experiences weakness below 120.8 it calculates with ……..
</p
View Previous Centrica & Big Picture ***
LSE:EMG MAN Close Mid-Price: 222.6 Percentage Change: -3.64% Day High: 226.4 Day Low: 219.4
Target met. Weakness on MAN below 219.4 will invariably lead to 214p with ……..
</p
View Previous MAN & Big Picture ***
LSE:GENL Genel Close Mid-Price: 77.7 Percentage Change: -6.05% Day High: 82.5 Day Low: 77.1
Continued weakness against GENL taking the price below 77.1 calculates as ……..
</p
View Previous Genel & Big Picture ***
LSE:IHG Intercontinental Hotels Group Close Mid-Price: 7354 Percentage Change: -0.16% Day High: 7410 Day Low: 7192
In the event Intercontinental Hotels Group experiences weakness below 719 ……..
</p
View Previous Intercontinental Hotels Group & Big Picture ***
LSE:JET Just Eat Close Mid-Price: 909 Percentage Change: -3.19% Day High: 921 Day Low: 861
Target met. If Just Eat experiences continued weakness below 861, it will ……..
</p
View Previous Just Eat & Big Picture ***
LSE:LLOY Lloyds Grp. Close Mid-Price: 54.56 Percentage Change: -1.41% Day High: 54.68 Day Low: 52.76
Target met. Weakness on Lloyds Grp. below 52.76 will invariably lead to 5 ……..
</p
View Previous Lloyds Grp. & Big Picture ***
LSE:OPG OPG Power Ventures Close Mid-Price: 9.3 Percentage Change: -5.10% Day High: 9.75 Day Low: 9.25
Target met. Continued weakness against OPG taking the price below 9.25 ca ……..
</p
View Previous OPG Power Ventures & Big Picture ***
LSE:PHP Primary Health Close Mid-Price: 92.7 Percentage Change: -0.91% Day High: 92.95 Day Low: 89.15
In the event Primary Health experiences weakness below 89.15 it calculate ……..
</p
View Previous Primary Health & Big Picture ***
LSE:PMG Parkmead Close Mid-Price: 11.5 Percentage Change: -8.00% Day High: 12.5 Day Low: 11.5
Continued weakness against PMG taking the price below 11.5 calculates as ……..
</p
View Previous Parkmead & Big Picture ***
LSE:SCLP Scancell Close Mid-Price: 15.8 Percentage Change: -1.25% Day High: 16.2 Day Low: 15.25
In the event of Scancell enjoying further trades beyond 16.2, the share s ……..
</p
View Previous Scancell & Big Picture ***
LSE:TLW Tullow Close Mid-Price: 27.96 Percentage Change: -4.38% Day High: 28.4 Day Low: 27.22
Continued weakness against TLW taking the price below 27.22 calculates as ……..
</p
View Previous Tullow & Big Picture ***