#FTSE #SP500 It is very, very, rare for this sort of thing to happen but a couple of weeks following our previous report on Hemogenyx, the share price surged upward on February 9th, exceeding our initial target easily but our secondary at 6.75 remained inviolate, the days suspicious surge falling apart at a high of just 6.3p. We suspected we’d accidentally caused this nonsense, a bunch of folk on internet chatrooms using our article to promote the idea the share price had happy days ahead.
Giving us quite a lot of concern is while we’d provided an initial target of 4.8 with our secondary at 6.75 and probable hesitation, it’s important to note the entire drama on 9th February failed to allow the share price to actually close a session above 4p, let alone close above our initial target. This behaviour certainly rang alarm bells as we always prefer seeing a share price actually close above a target level as this will confirm a movement has been “real”, rather than the artificial product of enthusiasm in an internet forum. We’ve not been impressed with recent price movements, suspecting below 0.87 threatens further reversal to 0.4p with secondary, if broken, at 0.25p. While we cannot calculate anything below 0.25p, it is probable the proximity of these useless target levels implies a bottom may be awaiting anytime soon as in an ideal world, a share price should always bounce before it actually troubles one of our bottom levels.
Should things intend go right, perhaps justifying the ‘x’ in their name as an echo of Elon Musks preference for using ‘X’ for Exploration at every opportunity. SpaceX makes sense, xAI makes some sense, but the Twitter transition to X still defeats logic. After all, Apple spawned a ridiculous network of devices being prefaced with ‘i’ in a hope for them being found interesting…
Apparently, share price movement now above 1.5p should promote movement to an initial 2.7p. In the event the share price actually closes above 2.7p, we shall regard the recovery as probably serious and feel justified in mentioning a secondary at an eventual 5.4p. As the chart shows, such a secondary ambition will be important, moving the share price above both immediate Blue downtrends and giving considerable hope for the longer term. We can hope.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:25:17PM | BRENT | 7240 | ‘cess | ||||||||
| 11:32:54PM | GOLD | 2632.58 | |||||||||
| 11:35:46PM | FTSE | 8267 | 8244 | 8228 | 8208 | 8262 | 8288 | 8304 | 8323 | 8264 | |
| 11:38:18PM | STOX50 | 4757 | 4776 | ||||||||
| 11:44:03PM | GERMANY | 19330 | 19326 | ||||||||
| 11:47:24PM | US500 | 6020.4 | 5979 | 5960 | 5938 | 5996 | 6026 | 6036 | 6062 | 5993 | ‘cess |
| 11:52:25PM | DOW | 44860.8 | 44772 | ||||||||
| 11:57:14PM | NASDAQ | 20901 | 20840 | ||||||||
| 11:57:39PM | JAPAN | 38207 | 38336 |
26/11/2024 FTSE Closed at 8258 points. Change of -0.4%. Total value traded through LSE was: £ 4,813,247,138 a change of -58.36%
25/11/2024 FTSE Closed at 8291 points. Change of 0.35%. Total value traded through LSE was: £ 11,560,117,120 a change of 129.48%
22/11/2024 FTSE Closed at 8262 points. Change of 1.39%. Total value traded through LSE was: £ 5,037,419,096 a change of -5.47%
21/11/2024 FTSE Closed at 8149 points. Change of 0.79%. Total value traded through LSE was: £ 5,329,138,992 a change of 5.3%
20/11/2024 FTSE Closed at 8085 points. Change of -0.17%. Total value traded through LSE was: £ 5,060,732,508 a change of -17.24%
19/11/2024 FTSE Closed at 8099 points. Change of -0.12%. Total value traded through LSE was: £ 6,114,723,554 a change of -10.83%
18/11/2024 FTSE Closed at 8109 points. Change of 0.57%. Total value traded through LSE was: £ 6,857,494,541 a change of 25.41% 
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:BT.A British Telecom** **LSE:CCL Carnival** **LSE:GKP Gulf Keystone** **LSE:IHG Intercontinental Hotels Group** **LSE:JET Just Eat** **LSE:PMG Parkmead** **LSE:QED Quadrise** **LSE:SMT Scottish Mortgage Investment Trust** **
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Updated charts published on : British Telecom, Carnival, Gulf Keystone, Intercontinental Hotels Group, Just Eat, Parkmead, Quadrise, Scottish Mortgage Investment Trust,
LSE:BT.A British Telecom. Close Mid-Price: 156.15 Percentage Change: + 0.77% Day High: 157.05 Day Low: 154.85
Continued trades against BT.A with a mid-price ABOVE 157.05 should improv ……..
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View Previous British Telecom & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 1815.5 Percentage Change: + 0.97% Day High: 1831.5 Day Low: 1773.5
Target met. All Carnival needs are mid-price trades ABOVE 1831.5 to impro ……..
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View Previous Carnival & Big Picture ***
LSE:GKP Gulf Keystone. Close Mid-Price: 147.9 Percentage Change: + 3.64% Day High: 148.6 Day Low: 140.7
In the event of Gulf Keystone enjoying further trades beyond 148.6, the s ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 9868 Percentage Change: + 0.69% Day High: 9906 Day Low: 9752
Target met. All Intercontinental Hotels Group needs are mid-price trades ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:JET Just Eat. Close Mid-Price: 1246 Percentage Change: + 4.71% Day High: 1240 Day Low: 1182
Target met. Further movement against Just Eat ABOVE 1240 should improve a ……..
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View Previous Just Eat & Big Picture ***
LSE:PMG Parkmead. Close Mid-Price: 15.25 Percentage Change: + 15.09% Day High: 15.5 Day Low: 14
All Parkmead needs are mid-price trades ABOVE 15.5 to improve acceleratio ……..
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View Previous Parkmead & Big Picture ***
LSE:QED Quadrise. Close Mid-Price: 3.54 Percentage Change: + 54.13% Day High: 4.44 Day Low: 2.8
Target met. Further movement against Quadrise ABOVE 4.44 should improve a ……..
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View Previous Quadrise & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 948 Percentage Change: + 1.39% Day High: 947.2 Day Low: 931.4
Further movement against Scottish Mortgage Investment Trust ABOVE 947.2 s ……..
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View Previous Scottish Mortgage Investment Trust & Big Picture ***