#brent #Nasdaq Over the last few years, we’ve bitched non-stop about the efforts being made by companies indulging in “shrinkflation”. When my wife took advantage of an special offer for a 24 pack of Andrex – and the supermarket substituted it with another type of Andrex 24 pack for delivery when loading the toilet paper shelf. As shown on the snapshot, three current Andrex rolls were required to take the place of just two rolls. We can surmise the next Andrex Puppy shall be a cute Chihuahua with stepladders.
This sort of thing is redolent of the nonsense of “share price consolidation”, ultimately trying to trick inexperienced investors and headline writers that Less is More. Folk trapped in shares like Natwest (10/1), Aston Martin (20/1), or Gulf Keystone (100/1) remain painfully aware of the result of this market strategy. Thankfully, Barclays Plc, despite a lethargic time since the financial crash of 2009 has not seen the need to indulge their share price in any form if share price mangling but we do with the markets would discover an excuse to propel the price above 400p into game changing territory.
There are some early signs this sort of miracle is possible with Barclays. On the chart is a Blue downtrend which dates back to 2007. Back in February this year, the market opted to gap Barclays up above this trend (circled), ticking the first box in a required list to show the trend may have changed. Performance in the months since has seen Barclays grow from February’s 150p to a high of 241p at the start of August, a rise of just over 60% which can’t be sneezed at. Despite current fun and games, we’re far from convinced the rising cycle is complete, suspecting above just 234.1p shall be sufficient to provoke gains to an initial 252 with our secondary, if beaten, at 263p and the need for the share price to close at or above such a level.
We shall regard such an occasion as important, dumping the price into a Big Picture cycle which hopes to illustrate 361p as a future target with our secondary, if bettered, at 411p where the share price shall find itself in game changing territory.
Any attempt to slow things down require Barclays share price taken below 200p, suggesting reversal to 182p and a very possible bounce.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 12:33:16AM | BRENT | 8402.5 | 8339 | 8311 | 8274 | 8370 | 8422 | 8438 | 8481 | 8392 |
| 1:15:12AM | GOLD | 2502.91 | 2495 | 2488 | 2474 | 2512 | 2530 | 2540 | 2555 | 2503 |
| 1:18:31AM | FTSE | 8402.5 | 8364 | 8353 | 8330 | 8385 | 8411 | 8419 | 8437 | 8379 |
| 1:20:55AM | STOX50 | 4966.2 | 4942 | 4933 | 4917 | 4960 | 4982 | 4999 | 5018 | 4967 |
| 1:53:49AM | GERMANY | 18942.4 | 18855 | 18840 | 18796 | 18898 | 18972 | 18984 | 19027 | 18922 |
| 10:10:12PM | US500 | 5642.4 | 5581 | 5570 | 5543 | 5615 | 5651 | 5670 | 5699 | 5624 |
| 10:12:33PM | DOW | 41545.9 | 41141 | 41000 | 40805 | 41304 | 41563 | 41592 | 41742 | 41329 |
| 10:14:34PM | NASDAQ | 19541 | 19319 | 19301 | 19208 | 19448 | 19583 | 19655 | 19767 | 19443 |
| 10:17:50PM | JAPAN | 39039 | 38419 | 38194 | 37903 | 38634 | 39058 | 39075 | 39367 | 38916 |
30/08/2024 FTSE Closed at 8376 points. Change of -0.04%. Total value traded through LSE was: £ 6,226,759,673 a change of 55.63%
29/08/2024 FTSE Closed at 8379 points. Change of 0.43%. Total value traded through LSE was: £ 4,000,918,799 a change of 4.23%
28/08/2024 FTSE Closed at 8343 points. Change of -0.02%. Total value traded through LSE was: £ 3,838,365,101 a change of -20.19%
27/08/2024 FTSE Closed at 8345 points. Change of 0.22%. Total value traded through LSE was: £ 4,809,416,803 a change of 12.18%
26/08/2024 FTSE Closed at 8327 points. Change of 0.47%. Total value traded through LSE was: £ 4,287,242,825 a change of -9.07%
22/08/2024 FTSE Closed at 8288 points. Change of 0.06%. Total value traded through LSE was: £ 4,714,962,713 a change of -13.14%
21/08/2024 FTSE Closed at 8283 points. Change of 0.12%. Total value traded through LSE was: £ 5,428,290,323 a change of 49.7% 
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:AZN Astrazeneca** **LSE:ECO ECO (Atlantic) O & G** **LSE:IAG British Airways** **LSE:MKS Marks and Spencer** **LSE:OCDO Ocado Plc** **LSE:SBRY Sainsbury** **LSE:TSCO Tesco** **
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Updated charts published on : Astrazeneca, ECO (Atlantic) O & G, British Airways, Marks and Spencer, Ocado Plc, Sainsbury, Tesco,
LSE:AZN Astrazeneca. Close Mid-Price: 13274 Percentage Change: + 0.00% Day High: 13312 Day Low: 13220
In the event of Astrazeneca enjoying further trades beyond 13312, the sha ……..
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View Previous Astrazeneca & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 13.2 Percentage Change: + 5.60% Day High: 13.62 Day Low: 12.75
Target met. All ECO (Atlantic) O & G needs are mid-price trades ABOVE 14p ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:IAG British Airways Close Mid-Price: 183 Percentage Change: -0.22% Day High: 184 Day Low: 182.3
Further movement against British Airways ABOVE 184 should improve accele ……..
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View Previous British Airways & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 342.2 Percentage Change: + 0.53% Day High: 343.4 Day Low: 339.9
Target met. In the event of Marks and Spencer enjoying further trades bey ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 341.2 Percentage Change: + 0.98% Day High: 343.3 Day Low: 336
This just isn’t playing fair, needing above 400 to now indicate recovery t ……..
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View Previous Ocado Plc & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 292.4 Percentage Change: + 0.76% Day High: 294.4 Day Low: 290.2
Target met. Further movement against Sainsbury ABOVE 294.4 should improve ……..
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View Previous Sainsbury & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 353.7 Percentage Change: + 0.34% Day High: 354.6 Day Low: 351.5
In the event of Tesco enjoying further trades beyond 354.6, the share sho ……..
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View Previous Tesco & Big Picture ***