#FTSE #Japan The bewildering range of specialist lending organisations has been rather justified by the experiences a friend is going through, discovering the mortgage jungle is located in the middle of a swamp of petty rules and paperwork. Describing the current maze of ridiculousness as a nightmare would perhaps be an understatement. All she wanted to do was to buy another house and transfer her existing city property into a letting concern. This, unfortunately, created a considerable opportunity for the manufacturers of hoops for her to jump through. The time being taken by paperwork addicted mortgage entities makes it look like months will pass before the deal can be closed, though thankfully she’s got an understanding seller.
We’re obviously not suggesting OSB Group have anything to do with our chums situation, but can certainly understand how the company have managed to accumulate a number of specialist financial services businesses. From what we’re hearing, it is easy to suspect the industry is rather over-regulated.
While we wait for the Scottish football teams ritual slaughter at the hands of Brazil, it’s certainly looking worth taking a hard look at OSB Group as their share price looks poised for some positive action.
Movement next above just 532p has the potential to make things interesting, giving the potential of a lift to an initial 552p with our secondary, if exceeded, calculating at a future 576p. This secondary is a fairly big deal, giving the share price the potential of closing above the immediate Blue downtrend, thus dumping the price into a zone where a long term third level of 653p calculates as viable.
On the other hand, our negative scenario is pretty vile, suggesting below 493p threatens a trip to an initial 464p with our secondary, if broken, at 403p and perhaps a decent rebound. While the share is currently looking visually confused, on balance we’re leaning toward optimism for the future.
Then again, we’re optimistic our chum shall manoeuvre through the mortgage battlefield and complete her ambition to ditch the city and move to the country.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:01:09PM | BRENT | 7680 | |||||||||
| 9:18:30PM | GOLD | 4111.07 | ‘cess | ||||||||
| 9:20:31PM | FTSE | 10426 | 10320 | 10259 | 10188 | 10406 | 10472 | 10506 | 10568 | 10428 | Shambles |
| 10:01:58PM | STOX50 | 6225.9 | Success | ||||||||
| 10:18:57PM | GERMANY | 24928.6 | ‘cess | ||||||||
| 10:33:03PM | US500 | 7377 | Success | ||||||||
| 10:36:12PM | DOW | 51715 | |||||||||
| 10:42:26PM | NASDAQ | 29443.1 | Success | ||||||||
| 10:45:13PM | JAPAN | 69151 | 68290 | 67896 | 66034 | 68861 | 69508 | 69917 | 70467 | 69136 | Success |
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:BARC Barclays** **LSE:EXPN Experian** **LSE:FRES Fresnillo** **LSE:HIK Hikma** **LSE:OCDO Ocado Plc** **
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Updated charts published on : Barclays, Experian, Fresnillo, Hikma, Ocado Plc,
LSE:BARC Barclays. Close Mid-Price: 511.5 Percentage Change: + 0.00% Day High: 0 Day Low: 0
In the event of Barclays enjoying further trades beyond 519.1, the share ……..
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View Previous Barclays & Big Picture ***
LSE:EXPN Experian. Close Mid-Price: 2520 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. Continued weakness against EXPN taking the price below 2455 c ……..
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View Previous Experian & Big Picture ***
LSE:FRES Fresnillo. Close Mid-Price: 2853 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. Weakness on Fresnillo below 2740 will invariably lead to 269 ……..
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View Previous Fresnillo & Big Picture ***
LSE:HIK Hikma. Close Mid-Price: 1515 Percentage Change: + 0.00% Day High: 0 Day Low: 0
All Hikma needs are mid-price trades ABOVE 1515 to improve acceleration t ……..
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View Previous Hikma & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 173.6 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Weakness on Ocado Plc below 165.7 will invariably lead to 162p. Our secon ……..
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View Previous Ocado Plc & Big Picture ***