#FTSE #Nasdaq One of the great mysteries of the stock market was exhibited this week, Greggs Plc boasting of sales passing a record £2bn but still experiencing a 10% share price drop and price movement below an uptrend since 2020. In fairness, the market has spent since the start of 2025 expecting this drop, share price movements during the first two months of the year spreading themselves as this as the butter on a Greggs sandwich! To be honest, it’s an area this writer knows nothing about, never having been in a Greggs nor eaten their products, thanks to “enjoying” Coeliac disease, the gluten thing. But Greggs sales increase was nothing to do with the British public overwhelming their already hard working outlets but instead, due to the company opening more Greggs outlets.
This has certainly contributed to a perceived increase in sales but mainly due to their store count increasing by nearly 10% rather than existing branches – already suffering from higher wage costs and inflationary pressures – doing particularly well. As a result, we’re a little cynical over the companies immediate prospects.
From a charty perspective, we are already showing the share as being on a cycle to 1769p and perhaps a bottom. With the low of 1784p on Tuesday, in a world of unicorns and unending optimism, we’d be happy to suggest this drop was close enough to such a target as 1769p. Unfortunately, such an attitude would ignore the price already being parked below the read uptrend since 2020, and then gapped below our Red uptrend below. This behaviour gives a pretty thorough inclination to believe the market hasn’t yet finished grinding Greggs into the ground… We do not expect a real immediate bounce.
Now below 1769 looks capable of entering a cycle down to 1333 next with our secondary, if broken, at 1257p. The proximity of both target numbers tends imply a bounce should be anticipated, especially due to the target levels sitting comfortably above the lows of 2020. In addition, below 1257p would enter a twilight zone where an ultimate and unlikely drop target of 612p awaits.
If things were to attempt an emergency surgery to stop the rot, above 2100 would imply the potential of coming movements to 2512 with secondary, if bettered, at 2685p. This seems about as unlikely as expecting the current UK Prime Minister to apologise for his incompetence.
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FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:49:16PM | BRENT | 7096.2 | ‘cess | ||||||||
| 9:52:20PM | GOLD | 2917.27 | Success | ||||||||
| 9:54:10PM | FTSE | 8831.9 | 8746 | 8698 | 8627 | 8800 | 8873 | 8908 | 8962 | 8826 | |
| 11:43:49PM | STOX50 | 5478.1 | Success | ||||||||
| 11:46:19PM | GERMANY | 22748 | ‘cess | ||||||||
| 11:48:32PM | US500 | 5817.8 | ‘cess | ||||||||
| 11:51:19PM | DOW | 42764.5 | ‘cess | ||||||||
| 11:54:29PM | NASDAQ | 20478 | 20270 | 20093 | 19891 | 20457 | 20700 | 20795 | 21048 | 20500 | ‘cess |
| 11:57:04PM | JAPAN | 37300 | Success |
4/03/2025 FTSE Closed at 8759 points. Change of -1.26%. Total value traded through LSE was: £ 8,986,196,002 a change of 22.76%
3/03/2025 FTSE Closed at 8871 points. Change of 0.7%. Total value traded through LSE was: £ 7,320,378,637 a change of -49.26%
28/02/2025 FTSE Closed at 8809 points. Change of 0.61%. Total value traded through LSE was: £ 14,426,533,627 a change of 91.89%
27/02/2025 FTSE Closed at 8756 points. Change of 0.29%. Total value traded through LSE was: £ 7,518,268,288 a change of 21.01%
26/02/2025 FTSE Closed at 8731 points. Change of 0.73%. Total value traded through LSE was: £ 6,212,854,759 a change of -4.11%
25/02/2025 FTSE Closed at 8668 points. Change of 0.12%. Total value traded through LSE was: £ 6,478,870,440 a change of 6.36%
24/02/2025 FTSE Closed at 8658 points. Change of -0.01%. Total value traded through LSE was: £ 6,091,356,449 a change of 2.58% 
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:AML Aston Martin** **LSE:ASC Asos** **LSE:AVCT Avacta** **LSE:CPI Capita** **LSE:GRG Greggs** **LSE:ITRK Intertek** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:TLW Tullow** **
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Updated charts published on : AFC Energy, Aston Martin, Asos, Avacta, Capita, Greggs, Intertek, Ocado Plc, Oxford Instruments, Tullow,
LSE:AFC AFC Energy Close Mid-Price: 7.19 Percentage Change: -2.18% Day High: 7.9 Day Low: 6.6
In the event AFC Energy experiences weakness below 6.6 it calculates with ……..
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View Previous AFC Energy & Big Picture ***
LSE:AML Aston Martin Close Mid-Price: 75.25 Percentage Change: -9.17% Day High: 82.5 Day Low: 73.2
Target met. Continued weakness against AML taking the price below 73.2 ca ……..
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View Previous Aston Martin & Big Picture ***
LSE:ASC Asos Close Mid-Price: 305.4 Percentage Change: -6.15% Day High: 322.4 Day Low: 306
Target met. In the event Asos experiences weakness below 306 it calculate ……..
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View Previous Asos & Big Picture ***
LSE:AVCT Avacta Close Mid-Price: 33.75 Percentage Change: -11.18% Day High: 38 Day Low: 31.25
Target met. In the event Avacta experiences weakness below 31.25 it calcu ……..
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View Previous Avacta & Big Picture ***
LSE:CPI Capita Close Mid-Price: 12.88 Percentage Change: -2.28% Day High: 13.1 Day Low: 12.7
Continued weakness against CPI taking the price below 12.7 calculates as ……..
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View Previous Capita & Big Picture ***
LSE:GRG Greggs Close Mid-Price: 1904 Percentage Change: -8.55% Day High: 2022 Day Low: 1784
Target met. In the event Greggs experiences weakness below 1784 it calcul ……..
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View Previous Greggs & Big Picture ***
LSE:ITRK Intertek. Close Mid-Price: 5385 Percentage Change: + 4.46% Day High: 5575 Day Low: 5320
Target met. Continued trades against ITRK with a mid-price ABOVE 5575 sho ……..
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View Previous Intertek & Big Picture ***
LSE:OCDO Ocado Plc Close Mid-Price: 226.1 Percentage Change: -10.95% Day High: 252 Day Low: 226.9
Target met. Continued weakness against OCDO taking the price below 226.9 ……..
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View Previous Ocado Plc & Big Picture ***
LSE:OXIG Oxford Instruments Close Mid-Price: 1876 Percentage Change: -2.19% Day High: 1920 Day Low: 1850
In the event Oxford Instruments experiences weakness below 1850 it calcul ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:TLW Tullow Close Mid-Price: 14.18 Percentage Change: -10.99% Day High: 15.7 Day Low: 14.14
Target met. In the event Tullow experiences weakness below 14.14 it calcu ……..
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View Previous Tullow & Big Picture ***