Author: T&T Staff

#FTSE #Gold

Quite how a week of just three sessions has become a lot of work is a bit confusing. A new trainee, supposedly just watching, has become a bit of a nightmare due to his little black notebook. Roughly once an hour, depending on the coffee schedule, he flips open the book and asks a question, doubtless expecting a quick reply. Instead, we end up returning to the computers, easily spending several hours as few things about the stock market deserve quick answers. This nephew (nepotism rules here) has reminded us many of the things we do are “belt & braces”, constantly attempting to verify our own work before committing our conclusions to print. The better part of an afternoon was derailed, trying to explain our flippant comment last night as to why “the FTSE is giving encouraging squeaks”.

His question was fair, a glance at a chart showing the potential for some happy days. Gratifyingly, the FTSE managed end Thursday in positive territory, everywhere else in Europe and the USA embracing the colour Red.

For folk used to the market, the FTSE has closed above the previous three highs of 2022. If attempting a quick call as to market direction, this visually implies further gains should be anticipated. After all, near term movement above 7660 points should bring further movement to an initial 7705 points, a quite respectable ambition. Our secondary, should this level be exceeded, works out at 7750 points, along with a chance of some hesitation.

However, yet another potential signal is teasing the FTSE, the Green horizontal trend on the chart. This level is currently at 7667 points and closure above shall prove a really big deal. This shall indicate the FTSE has finally managed to exceed the pre-pandemic highs of 2020, entering a phase where a longer term 8080 looks like a sane ambition. This optimistic gesture, while nowhere close to how other markets performed once they exceeded their personal Covid-19 levels, certainly gives hope for the FTSE future.

 

As always, we’ve some room for concern, thanks to how the rest of the world performed on Thursday. After all, the FTSE has often appeared incapable of seeing a bandwagon without clambering on board. With everything else looking a little Red, there’s always a risk of the FTSE shall decide it’s missing out on the chance of some self harm. Currently market futures for Friday are giving little away but we suspect further reversals shall occur in the USA and Europe.

 

Our converse scenario, should the FTSE opt to follow the herd, allows weakness now below 7594 to bring reversal to an initial 7560 points with secondary, if broken, at 7470 points (again) and hopefully a bounce. Quite odd why that number keeps cropping up!

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:00:27PM	BRENT	78.84	77.61	77.29		79.77	79.96	80.85		78.55
10:06:33PM	GOLD	1833.07	1824	1821		1838	1838	1842		1831	Success
10:25:13PM	FTSE	7639.21	7605	7589		7635	7658	7680		7608	Success
10:32:36PM	STOX50	3965.4	3947	3943		3962	3977	3989		3957	Shambles
11:14:33PM	GERMANY	14462	14402	14378		14468	14508	14525		14438
11:58:24PM	US500	3816	3757	3724		3831	3902	3930		3846
12:01:08AM	DOW	32966	32786	32670		32951	33112	33221		32931	‘cess
12:03:13AM	NASDAQ	10766	10726	10678		10804	10846	10883		10766	‘cess
12:13:38AM	JAPAN	25746	25677	25667		25721	25935	No idea	what’s	next

 

5/01/2023 FTSE Closed at 7633 points. Change of 0.63%. Total value traded through LSE was: £ 6,047,458,257 a change of 10.27%

4/01/2023 FTSE Closed at 7585 points. Change of 0.97%. Total value traded through LSE was: £ 5,484,169,808 a change of 109.75%

29/12/2022 FTSE Closed at 7512 points. Change of -100%. Total value traded through LSE was: £ 2,614,666,454 a change of 0%

28/12/2022 FTSE Closed at 7497 points. Change of 0%. Total value traded through LSE was: £ 4,019,239,763 a change of 0%

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:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:CEY Centamin** **LSE:FRES Fresnillo** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IGAS Igas Energy** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:STAN Standard Chartered** **LSE:TSCO Tesco** **

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Updated charts published on : Barclays, BALFOUR BEATTY, Barrett Devs, Centamin, Fresnillo, Hikma, HSBC, Igas Energy, Intertek, ITV, Lloyds Grp., Marks and Spencer, National Glib, Natwest, Rolls Royce, Sainsbury, Standard Chartered, Tesco,

LSE:BARC Barclays. Close Mid-Price: 172.42 Percentage Change: + 2.58% Day High: 173.74 Day Low: 166.38

Target met. All Barclays needs are mid-price trades ABOVE 173.74 to impro ……..

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 352.4 Percentage Change: + 1.21% Day High: 354.8 Day Low: 340

Continued trades against BBY with a mid-price ABOVE 354.8 should improve ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 430.5 Percentage Change: + 0.37% Day High: 435.2 Day Low: 421.8

Further movement against Barrett Devs ABOVE 435.2 should improve accelera ……..

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LSE:CEY Centamin. Close Mid-Price: 122.9 Percentage Change: + 2.46% Day High: 123.65 Day Low: 119.45

Target met. Continued trades against CEY with a mid-price ABOVE 123.65 sh ……..

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LSE:FRES Fresnillo Close Mid-Price: 946.2 Percentage Change: -2.19% Day High: 996.8 Day Low: 942.4

All Fresnillo needs are mid-price trades ABOVE 996.8 to improve accelerat ……..

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LSE:HIK Hikma. Close Mid-Price: 1647.5 Percentage Change: + 2.58% Day High: 1656.5 Day Low: 1600.5

Continued trades against HIK with a mid-price ABOVE 1656.5 should improve ……..

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LSE:HSBA HSBC. Close Mid-Price: 565.3 Percentage Change: + 4.01% Day High: 568.4 Day Low: 545.5

Target met. Further movement against HSBC ABOVE 568.4 should improve acce ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 16.8 Percentage Change: + 5.99% Day High: 16.35 Day Low: 15.1

Weakness on Igas Energy below 15.1 will invariably lead to 15p with secon ……..

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LSE:ITRK Intertek Close Mid-Price: 4167 Percentage Change: -0.90% Day High: 4227 Day Low: 4161

Further movement against Intertek ABOVE 4227 should improve acceleration ……..

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LSE:ITV ITV. Close Mid-Price: 79.12 Percentage Change: + 0.33% Day High: 80 Day Low: 77.32

All ITV needs are mid-price trades ABOVE 80 to improve acceleration towar ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 48.31 Percentage Change: + 1.83% Day High: 48.46 Day Low: 46.85

Continued trades against LLOY with a mid-price ABOVE 48.46 should improve ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 136.15 Percentage Change: + 3.42% Day High: 138.85 Day Low: 133.5

In the event of Marks and Spencer enjoying further trades beyond 138.85, ……..

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LSE:NG. National Glib. Close Mid-Price: 1029.5 Percentage Change: + 0.00% Day High: 1041 Day Low: 1025.5

Continued trades against NG. with a mid-price ABOVE 1041 should improve t ……..

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LSE:NWG Natwest. Close Mid-Price: 279.5 Percentage Change: + 1.78% Day High: 280.3 Day Low: 270.6

Further movement against Natwest ABOVE 280.3 should improve acceleration ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 102.66 Percentage Change: + 1.24% Day High: 104.22 Day Low: 101.36

All Rolls Royce needs are mid-price trades ABOVE 104.22 to improve accele ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 239.9 Percentage Change: + 1.78% Day High: 240.9 Day Low: 236.2

Target met. Further movement against Sainsbury ABOVE 240.9 should improve ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 705.2 Percentage Change: + 6.78% Day High: 797.4 Day Low: 654.2

Target met. In the event of Standard Chartered enjoying further trades be ……..

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LSE:TSCO Tesco. Close Mid-Price: 238.5 Percentage Change: + 1.49% Day High: 240.3 Day Low: 237.6

All Tesco needs are mid-price trades ABOVE 240.3 to improve acceleration ……..

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*** End of “Updated Today” comments on shares.

~Brent #Dax

The final session of 2022 provided ample opportunity for us to dislocate a shoulder, trying to administer a pat on the back. Our scenario, the previous day, allowed for reversal to 7450 points and with London wrapping things up for the year at 7451 points, this was deemed close enough for self congratulations as we were out by 13 thousands of a percent. As always, New Year in Scotland was pretty boring with things only becoming interesting when friends dropped round the following day.

We walked our dogs, lit the fire, settled down with plenty of red wine, and for a few hours pretended we were competent musicians!

From a market perspective, it feels like the New Year is kicking off with good intentions. Not only the FTSE is giving encouraging squeaks but Natwest starts to feel like the share is finally burbling into life. Maybe we’re seeing a Santa Rally for Agnostics?

To cut down on the amount of reading, it now looks like near term movement above 275p shall continue trudging up hill to an initial 284p with secondary, if exceeded, now calculating at 305p. It’s important to remember movement above a closing price of 284p propels Natwest share price into a zone where a longer term 337p still calculates as a viable ambition.

 

Our alternate proposition demands Natwest weaken below 225p to ring alarm bells, risking reversal to an initial 200p with secondary, if broken, down at 175p and hopefully a bounce. But for now, it looks like it’s a Happy New Year for those patiently awaiting Natwest doing something useful.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
10:06:42PM	BRENT	78.1	77.75	76.43	75.41	80.3	81.87	82.43	83.99	80.15
10:08:33PM	GOLD	1855.84								1854
10:11:16PM	FTSE	7574								7553
10:13:32PM	STOX50	3975.1								3945
10:25:24PM	GERMANY	14483.63	14197	14083	13941	14248	14506	14516	14633	14197
10:27:29PM	US500	3852.07								3850
10:29:49PM	DOW	33253								33235
10:31:27PM	NASDAQ	10914								10890
10:34:15PM	JAPAN	25846								25830

 

4/01/2023 FTSE Closed at 7585 points. Change of 0.97%. Total value traded through LSE was: £ 5,484,169,808 a change of 109.75%

29/12/2022 FTSE Closed at 7512 points. Change of 0.2%. Total value traded through LSE was: £ 2,614,666,454 a change of -34.95%

28/12/2022 FTSE Closed at 7497 points. Change of -100%. Total value traded through LSE was: £ 4,019,239,763 a change of 0%

23/12/2022 FTSE Closed at 7473 points. Change of 0%. Total value traded through LSE was: £ 2,007,879,926 a change of 0%

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:AGM Applied Graphene** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:CEY Centamin** **LSE:FRES Fresnillo** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:ITRK Intertek** **LSE:MKS Marks and Spencer** **LSE:NWG Natwest** **LSE:OXIG Oxford Instruments** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:STAN Standard Chartered** **

********

Updated charts published on : Applied Graphene, Avacta, Astrazeneca, Barclays, Barrett Devs, Centamin, Fresnillo, Hikma, HSBC, Intertek, Marks and Spencer, Natwest, Oxford Instruments, Rolls Royce, Sainsbury, Standard Chartered,

LSE:AGM Applied Graphene Close Mid-Price: 8.4 Percentage Change: -10.16% Day High: 9.6 Day Low: 8.25

Target met. In the event of Applied Graphene enjoying further trades beyo ……..

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LSE:AVCT Avacta. Close Mid-Price: 127 Percentage Change: + 4.53% Day High: 130.5 Day Low: 121.5

All Avacta needs are mid-price trades ABOVE 130.5 to improve acceleration ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 11602 Percentage Change: + 0.59% Day High: 11746 Day Low: 11536

In the event of Astrazeneca enjoying further trades beyond 11746, the sha ……..

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LSE:BARC Barclays. Close Mid-Price: 168.08 Percentage Change: + 2.74% Day High: 168.26 Day Low: 164.1

Target met. Further movement against Barclays ABOVE 168.26 should improve ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 428.9 Percentage Change: + 3.50% Day High: 428.8 Day Low: 415.4

In the event of Barrett Devs enjoying further trades beyond 428.8, the sh ……..

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LSE:CEY Centamin. Close Mid-Price: 119.95 Percentage Change: + 4.30% Day High: 120.45 Day Low: 115.6

Target met. All Centamin needs are mid-price trades ABOVE 120.45 to impro ……..

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LSE:FRES Fresnillo. Close Mid-Price: 967.4 Percentage Change: + 7.30% Day High: 989 Day Low: 909.8

Target met. Further movement against Fresnillo ABOVE 989 should improve a ……..

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LSE:HIK Hikma Close Mid-Price: 1606 Percentage Change: -0.93% Day High: 1625 Day Low: 1600

Target met. Further movement against Hikma ABOVE 1625 should improve acce ……..

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LSE:HSBA HSBC. Close Mid-Price: 543.5 Percentage Change: + 2.57% Day High: 544.8 Day Low: 532.7

All HSBC needs are mid-price trades ABOVE 544.8 to improve acceleration t ……..

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LSE:ITRK Intertek. Close Mid-Price: 4205 Percentage Change: + 2.79% Day High: 4205 Day Low: 4116

All Intertek needs are mid-price trades ABOVE 4205 to improve acceleratio ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 131.65 Percentage Change: + 3.95% Day High: 132.6 Day Low: 126.95

Target met. Further movement against Marks and Spencer ABOVE 132.6 should ……..

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LSE:NWG Natwest. Close Mid-Price: 274.6 Percentage Change: + 1.29% Day High: 274.3 Day Low: 270.7

Target met. In the event of Natwest enjoying further trades beyond 274.3, ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2245 Percentage Change: -1.75% Day High: 2295 Day Low: 2210

Further movement against Oxford Instruments ABOVE 2295 should improve acc ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 101.4 Percentage Change: + 2.52% Day High: 100.76 Day Low: 95.8

Target met. In the event of Rolls Royce enjoying further trades beyond 10 ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 235.7 Percentage Change: + 4.80% Day High: 236.2 Day Low: 225.7

Target met. All Sainsbury needs are mid-price trades ABOVE 236.2 to impro ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 660.4 Percentage Change: + 3.16% Day High: 662.2 Day Low: 639.8

Target met. Continued trades against STAN with a mid-price ABOVE 662.2 sh ……..

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*** End of “Updated Today” comments on shares.

#FTSE #Doomed

The final Friday of 2022, a year which shall not be missed. The Conservatives displayed why Scotland’s failed to vote for the party since 1955 (yes, really) with multiple leadership fumbles and the legal scent of wider corruption. Russia did Russian stuff and The FTSE did something truly unusual in the grand scheme of things. It didn’t collapse!

In fact, we need to visit Brazil to discover an index which has behaved quite as resiliently as the FTSE.

As the chart below highlights, the FTSE achieved levels of stability missing from popular indices elsewhere with only Australia (yellow) coming close to matching the UK’s stubborn refusal to diminish, remaining around the level it started the year at.

Rather worrying, glancing at the Nasdaq (magenta) tends suggest the US markets face a bit of a thrashing in 2023 but perhaps it should be remembered the Nasdaq also outperformed everything else in the pandemic recovery phase, therefore finding itself best placed to suffer extreme levels of reversal. In plain English, a bottom is expected around 9250 points, giving the Nasdaq a further 1,700 points of pain from the current 10,950 points.

What we’re trying to say, the words literally catching in our throat, is ridiculous but if we apply our dodgy logic “if it ain’t goin’ down, it’s goin’ up”, the FTSE is best placed to outperform other markets by displaying surprise strength next year. Okay, maybe not next week, but visually, the UK index appears to be finishing 2022 in a fairly solid position with hope for the future. With 2022 being a year of so many false dawns, maybe this will finally be the FTSE’s turn. We’re not risking speculating who the next PM shall be, but notice the policeman on guard at the door of No 10 looks increasingly nervous, every time a camera rests on his face.

We shall return on Wednesday 4th January, thanks to Scottish statutory holidays. For now, our final FTSE for Friday ends the year with mild optimism. It was a year which started at 7384 points, meaning it’s not a big ask to expect the FTSE to close above such a level. Finishing Thursday at 7508 points added fuel to the bonfire of misguided loyalty against the UK’s leading index.

Above just 7517 points calculates with the potential of a lift to 7544 with secondary, if exceeded, working out at 7581 points. Visually, both targets make some sense but we’re inclined to caution around the 7544 level, given it matches a few recent highs. The very tightest stop loss level looks like 7490 points.

 

Our converse scenario questions what happens, should the FTSE wander below 7480 points? We’re looking for reversal to a tame 7462 with secondary, if broken, at 7450 points. Visually, we shall not be aghast if either target makes an appears and provokes a bounce. But then again, it’s only a half day, and very little activity is expected.

 

Finally, our thanks for the emails from around the world. It remains a surprise a few folk on Reunion Island in the Pacific visit every Friday, displaying similar loyalty to substantial numbers in Hong Kong & Beijing who choose to visit. Surprisingly, the city of Columbus, Ohio, somehow also generates an average of 16 visitors every Friday!

Here’s hoping for a great New Year. We all deserve it.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
11:02:34PM	BRENT	83.76	82.4	82.15	81.61	83.23	84.1	84.78	85.8	83.28	‘cess
11:04:35PM	GOLD	1815.15	1804	1799	1792	1812	1820	1823	1826	1812	‘cess
11:06:48PM	FTSE	7508	7475	7467	7448	7499	7525	7537	7552	7495	Shambles
11:08:54PM	STOX50	3846	3812	3799	3780	3831	3856	3869	3896	3827
11:11:00PM	GERMANY	14044	13940	13912	13854	14026	14084	14100	14180	14000	‘cess
11:13:28PM	US500	3843.62	3807	3802	3786	3825	3857	3884	3919	3827
11:17:23PM	DOW	33183	32906	32863	32720	33107	33292	33309	33470	33138
11:19:12PM	NASDAQ	10940	10740	10690	10593	10812	10982	11014	11122	10914
11:21:18PM	JAPAN	26263	26230	26215	26171	26311	26347	26389	26550	26227

 

29/12/2022 FTSE Closed at 7512 points. Change of 0.2%. Total value traded through LSE was: £ 2,614,666,454 a change of -34.95%

28/12/2022 FTSE Closed at 7497 points. Change of 0.32%. Total value traded through LSE was: £ 4,019,239,763 a change of 100.17%

23/12/2022 FTSE Closed at 7473 points. Change of 0.05%. Total value traded through LSE was: £ 2,007,879,926 a change of -54.01%

22/12/2022 FTSE Closed at 7469 points. Change of -0.37%. Total value traded through LSE was: £ 4,366,369,327 a change of -6.1%

21/12/2022 FTSE Closed at 7497 points. Change of 1.72%. Total value traded through LSE was: £ 4,650,253,463 a change of -20.61%

20/12/2022 FTSE Closed at 7370 points. Change of -100%. Total value traded through LSE was: £ 5,857,237,056 a change of 0%

19/12/2022 FTSE Closed at 7361 points. Change of 0%. Total value traded through LSE was: £ 3,719,802,637 a change of 0%

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:AGM Applied Graphene** **LSE:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:DARK Darktrace Plc** **LSE:EZJ EasyJet** **LSE:HIK Hikma** **LSE:OXIG Oxford Instruments** **LSE:RKH Rockhopper** **LSE:SMT Scottish Mortgage Investment Trust** **

********

Updated charts published on : Applied Graphene, Cellular Goods, Carnival, Darktrace Plc, EasyJet, Hikma, Oxford Instruments, Rockhopper, Scottish Mortgage Investment Trust,

LSE:AGM Applied Graphene. Close Mid-Price: 7.25 Percentage Change: + 34.26% Day High: 7.65 Day Low: 5.4

Further movement against Applied Graphene ABOVE 7.65 should improve accel ……..

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LSE:CBX Cellular Goods Close Mid-Price: 0.62 Percentage Change: -1.60% Day High: 0.65 Day Low: 0.52

Weakness on Cellular Goods below 0.52 will invariably lead to 0.44 with s ……..

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LSE:CCL Carnival. Close Mid-Price: 585.6 Percentage Change: + 3.43% Day High: 583.2 Day Low: 555

Continued weakness against CCL taking the price below 555 calculates as l ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 263.7 Percentage Change: + 3.09% Day High: 266.1 Day Low: 254.3

If Darktrace Plc experiences continued weakness below 254.3, it will inva ……..

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LSE:EZJ EasyJet Close Mid-Price: 332.3 Percentage Change: -0.15% Day High: 330.3 Day Low: 321

Target met. Weakness on EasyJet below 321 will invariably lead to 296 wit ……..

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LSE:HIK Hikma. Close Mid-Price: 1575 Percentage Change: + 0.96% Day High: 1584.5 Day Low: 1556

All Hikma needs are mid-price trades ABOVE 1584.5 to improve acceleration ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2215 Percentage Change: + 1.14% Day High: 2280 Day Low: 2155

Continued trades against OXIG with a mid-price ABOVE 2280 should improve ……..

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LSE:RKH Rockhopper Close Mid-Price: 8.82 Percentage Change: -1.45% Day High: 8.9 Day Low: 8.62

If Rockhopper experiences continued weakness below 8.62, it will invariab ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 715.8 Percentage Change: + 3.74% Day High: 715.4 Day Low: 691.8

Weakness on Scottish Mortgage Investment Trust below 691.8 will invariabl ……..

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*** End of “Updated Today” comments on shares.

#Gold #Stoxx

 

Time’s a funny old concept. Back in 1958, Scotland opted to celebrate the festival of Xmas with both Christmas & Boxing days declared a National holiday. Before then, we only had 1st & 2nd January to shake off winter chills, two holidays which thankfully remain. Equally, Lloyds was once a promising share, the good days starting to vanish in the depths of time as we face the ridiculous.

Currently, the share price now needs CLOSE above 46.54p to give the first clue some gains may be expected. When it opted to close 28th December at 46.24p, how we laughed… It’s still the case the market isn’t in the mood to do Lloyds share price any favours. Hopes of a so called Santa Rally are degenerating into a “Who Killed Santa” mindset.

A near term scenario suggests intraday traffic above 46.82 may give early warning for some gains, calculating with the potential of bringing an initial 47.30p with secondary, if bettered, at 48.30p. Obviously, none of this is of any particular interest but it does effectively more the share price into a region where closure above the trend looks possible, along with an unusual expression of hope for the long term.

 

We remain doubtful, thanks to recent share price performance. Instead, it looks probable traffic below 46p shall provoke reversal to an initial 45.3 with secondary, when broken, at 43.9p, along with a hopeful bounce.

 

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
10:00:43PM	BRENT	83.85								83
10:02:53PM	GOLD	1804.6	1796	1785	1769	1809	1812	1816	1822	1802
10:04:51PM	FTSE	7482.07								7484
10:06:18PM	STOX50	3801	3811	3772	3733	3831	3855	3870	3896	3825
10:42:26PM	GERMANY	13894								13947
10:49:39PM	US500	3787.37								3795
10:54:17PM	DOW	32918								33180
10:55:54PM	NASDAQ	10699.84								10800
11:02:00PM	JAPAN	26075								26137

 

28/12/2022 FTSE Closed at 7497 points. Change of 0.32%. Total value traded through LSE was: £ 4,019,239,763 a change of 100.17%

23/12/2022 FTSE Closed at 7473 points. Change of 0.05%. Total value traded through LSE was: £ 2,007,879,926 a change of -54.01%

22/12/2022 FTSE Closed at 7469 points. Change of -0.37%. Total value traded through LSE was: £ 4,366,369,327 a change of -6.1%

21/12/2022 FTSE Closed at 7497 points. Change of 1.72%. Total value traded through LSE was: £ 4,650,253,463 a change of -20.61%

20/12/2022 FTSE Closed at 7370 points. Change of 0.12%. Total value traded through LSE was: £ 5,857,237,056 a change of 57.46%

19/12/2022 FTSE Closed at 7361 points. Change of -100%. Total value traded through LSE was: £ 3,719,802,637 a change of 0%

16/12/2022 FTSE Closed at 7332 points. Change of 0%. Total value traded through LSE was: £ 12,798,409,041 a change of 0%

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.

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.

If you want to ask a question about something Market Related intraday, don’t hesitate to email private.client@trendsandtargets.com. If something has gone volatile and a quick answer is needed, we’ve probably already run the numbers on it. As you’ll appreciate, we try and avoid spamming people needlessly.

Section One – Outlook Updated Today. Click here for Section Two – Outlook remains valid stocks

Click Epic to jump to share: LSE:BLOE Block Energy PLC** **LSE:BP. BP PLC** **LSE:CBX Cellular Goods** **LSE:CEY Centamin** **LSE:DARK Darktrace Plc** **LSE:EZJ EasyJet** **LSE:HSBA HSBC** **LSE:NWG Natwest** **LSE:SMT Scottish Mortgage Investment Trust** **

********

Updated charts published on : Block Energy PLC, BP PLC, Cellular Goods, Centamin, Darktrace Plc, EasyJet, HSBC, Natwest, Scottish Mortgage Investment Trust,

LSE:BLOE Block Energy PLC. Close Mid-Price: 1.1 Percentage Change: -2.22% Day High: 1.15 Day Low: 1.1

Weakness on Block Energy PLC below 1.1 will invariably lead to 0.90 and hopefully a bounce. If broken, our secondary ultimate bottom works out at 0.38p. It needs above 1.50 to give any hope, allowing recovery to an initial 1.80 with secondary, if beaten, at 2.25p.

Previous Report:

21/12/2022 Target Met. Now below 1.12 calculates with the potential of 0.90 and hopefully a bounce. If broken, our secondary ultimate bottom works out at 0.38p. It needs above 1.50 to give any hope, allowing recovery to an initial 1.80 with secondary, if beaten, at 2.25p.

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LSE:BP. BP PLC Close Mid-Price: 480.4 Percentage Change: + 0.31% Day High: 489.9 Day Low: 477.25

All BP PLC needs are mid-price trades ABOVE 489.9 to improve acceleration toward an initial 492 with secondary, if bettered, at 505p. It would require trading BELOW 455 looks capable of an initial 446 with secondary, if broken, a hopeful bottom at 433p.

Previous Report:

22/12/2022 In the event of BP PLC enjoying further trades beyond 486, the share should experience improved acceleration toward an initial 492 with secondary, if bettered, at 505p. It would require trading BELOW 455 looks capable of an initial 446 with secondary, if broken, a hopeful bottom at 433p.

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LSE:CBX Cellular Goods. Close Mid-Price: 0.62 Percentage Change: -13.79% Day High: 0.7 Day Low: 0.62

Target met. If Cellular Goods experiences continued weakness below 0.62, it will invariably lead to 44 with secondary (if broken) at a longer term zero. We run out of numbers below 0.44p! It needs above 1.4p to give hope, giving an initial ambition at 1.7 with secondary, if beaten, at 2.35

Previous Report:

16/12/2022 In the event Cellular Goods experiences weakness below 0.95 it calculates with a drop potential of 0.79p with secondary (if broken) at a longer term 0.44p. It needs above 2p to give hope, giving an initial ambition at 2.4 with secondary, if beaten, at 3.17

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LSE:CEY Centamin Close Mid-Price: 114.45 Percentage Change: + 2.01% Day High: 115.4 Day Low: 112.4

Target met. In the event of Centamin enjoying further trades beyond 115.4, the share should experience improved acceleration toward an initial 118 with secondary (if initial bettered) at 123p. It needs below 88 for trouble, suggesting coming reversal to 72 with secondary, if broken, a less likely 62p.

Previous Report:

21/12/2022 Further movement against Centamin ^ABOVE 113.4 should improve acceleration toward an initial 115p with secondary (if initial bettered) at 123p. It needs below 88 for trouble, suggesting coming reversal to 72 with secondary, if broken, a less likely 62p.

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LSE:DARK Darktrace Plc. Close Mid-Price: 255.8 Percentage Change: -3.83% Day High: 264.8 Day Low: 256.6

In the event Darktrace Plc experiences weakness below 256.6 it calculates with a drop potential of 193p next and, in an ideal world, a bounce. If broken, our less likely expectation works out at 150p. The share requires to move ABOVE 376 to improve acceleration toward an initial 433 with secondary 488p.

Previous Report:

22/12/2022 The share is trying to prove the validity of our GaGa logic (circled). Continuing below 259 should anticipate reversal to 193p next and, in an ideal world, a bounce. If broken, our less likely expectation works out at 150p. The share requires to move ABOVE 376 to improve acceleration toward an initial 433 with secondary 488p.

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LSE:EZJ EasyJet. Close Mid-Price: 332.8 Percentage Change: -2.32% Day High: 342.9 Day Low: 329.8

If EasyJet experiences continued weakness below 329.8, it will invariably lead to 323 with secondary (if broken) at a longer term 259 and hopefully a bottom. The share requires to move ABOVE 390, the price should experience improved acceleration toward an initial 457 initially with secondary, if bettered, at 572.

Previous Report:

22/12/2022 In the event EasyJet experiences weakness below 335, it calculates with a drop potential of 323 with secondary (if broken) at a longer term 259 and hopefully a bottom. The share requires to move ABOVE 390, the price should experience improved acceleration toward an initial 457 initially with secondary, if bettered, at 572.

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LSE:HSBA HSBC Close Mid-Price: 518 Percentage Change: + 1.51% Day High: 520.7 Day Low: 514.1

In the event of HSBC enjoying further trades beyond 520.7, the share should experience improved acceleration toward an initial 525 with secondary, if bettered, at 547p and hopefully game changing territory for the longer term. It needs below 490 to cause trouble, risking reversal to an initial 446 with secondary, if broken, at 422p.

Previous Report:

22/12/2022 Now above 516 should still prove useful, giving the potential of an initial 525 with secondary, if bettered, at 547p and hopefully game changing territory for the longer term. It needs below 490 to cause trouble, risking reversal to an initial 446 with secondary, if broken, at 422p.

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LSE:NWG Natwest Close Mid-Price: 267.5 Percentage Change: + 1.13% Day High: 269.3 Day Low: 265.3

All Natwest needs are mid-price trades ABOVE 269.3 to improve acceleration toward an initial 273 with secondary (if initial bettered) at 284. The price would require to slip BELOW 222 to cancel the potentials and allow weakness to198p with secondary (if broken) at a longer term 170p

Previous Report:

22/12/2022 Further movement against Natwest ABOVE 267 should continue acceleration toward an initial 273 with secondary (if initial bettered) at 284. The price would require to slip BELOW 222 to cancel the potentials and allow weakness to198p with secondary (if broken) at a longer term 170p

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 690 Percentage Change: -4.38% Day High: 709.2 Day Low: 692.2

If Scottish Mortgage Investment Trust experiences continued weakness below 692.2, it will invariably lead to 689 and hopefully a bounce. Our secondary calculations at 619. The share requires to sneak ABOVE 831 should improve acceleration toward an initial 892. Our longer term secondary is now at 995p.

Previous Report:

15/11/2022 Further movement against Scottish Mortgage Investment Trust ABOVE 831.4 should improve acceleration toward an initial 892. Our longer term secondary is now at 995p. The mid-price would require to trade BELOW 698, it still calculates with a drop potential of 689 and hopefully a bounce. Our secondary calculations at 619.

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View Previous Scottish Mortgage Investment Trust & Big Picture ***

*** End of “Updated Today” comments on shares.

#FTSE #WallSt

There’s something quite mysterious going on with the FTSE this week, almost a wilful effort to stifle market gains. It’s one of these movements which, at first glance, is a fanciful notion, the sort of nonsense spouted by conspiracy types. But once again, when we review the chart with closing prices vs intraday candles, the truth is shown with hideous clarity.

For today (23/12/22), the final few hours before Xmas needs to witness the FTSE close above roughly 7496.33 to suggest this Blue downtrend can be broken and in doing so, allow some cheer to intrude in our expectations. However, it doesn’t look great as for 5 sessions, the market has deemed closure above Blue as inviolate, suggesting we should anticipate the worst, probably in the new year.

From a near term perspective, we shall not be surprised in Friday actually produces very little in the way of movement, while everyone counts down the seconds until schools out at the LSE with FTSE closure at 12.30pm. However, there is a possibility of weakness below 7463 bringing a visit to a tame 7447 points and a possible bounce. Our secondary target level, should the initial break, works out at 7387 points. We’ve a strong suspicion such a secondary shouldn’t be expected until next week as it all feels like too much work for a lazy holiday period!

 

Our converse scenario demands the FTSE move above 7540 to be taken seriously, calculating with a lift potential to an initial 7557 with our secondary, if bettered, working out at 7643 points/ Once again, we think the secondary shall remain absent, even if triggered, until some time next week.

 

Have a good Xmas.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:57:57PM	BRENT	82.17	81.16	80.745		82.01	83.37	83.56		82.5	Success
10:00:38PM	GOLD	1792.29	1784	1776		1797	1803	1805		1794	Success
10:50:59PM	FTSE	7474.17	7421	7375		7462	7482	7490		7448
10:53:22PM	STOX50	3834	3797	3771		3831	3889	3899		3840
11:03:56PM	GERMANY	13943	13838	13786		13970	14164	14235		14030	‘cess
11:09:35PM	US500	3819	3760	3715		3828	3829	3837		3792	Success
11:16:42PM	DOW	33031	32830	32678		32966	33192	33494		32818	Success
11:18:49PM	NASDAQ	10968	10900	10767		11020	10982	11041		10889	Success
11:20:57PM	JAPAN	26119	25937	25805		26176	26769	26987		26402

 

22/12/2022 FTSE Closed at 7469 points. Change of -0.37%. Total value traded through LSE was: £ 4,366,369,327 a change of -6.1%

21/12/2022 FTSE Closed at 7497 points. Change of 1.72%. Total value traded through LSE was: £ 4,650,253,463 a change of -20.61%

20/12/2022 FTSE Closed at 7370 points. Change of 0.12%. Total value traded through LSE was: £ 5,857,237,056 a change of 57.46%

19/12/2022 FTSE Closed at 7361 points. Change of 0.4%. Total value traded through LSE was: £ 3,719,802,637 a change of -70.94%

16/12/2022 FTSE Closed at 7332 points. Change of -1.27%. Total value traded through LSE was: £ 12,798,409,041 a change of 152.21%

15/12/2022 FTSE Closed at 7426 points. Change of -0.92%. Total value traded through LSE was: £ 5,074,557,667 a change of -3.77%

14/12/2022 FTSE Closed at 7495 points. Change of -0.09%. Total value traded through LSE was: £ 5,273,114,917 a change of -15.16%

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:ASC Asos** **LSE:BP. BP PLC** **LSE:DARK Darktrace Plc** **LSE:EZJ EasyJet** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:NWG Natwest** **LSE:STAN Standard Chartered** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Asos, BP PLC, Darktrace Plc, EasyJet, Hikma, HSBC, Natwest, Standard Chartered, Zoo Digital,

LSE:ASC Asos Close Mid-Price: 497 Percentage Change: -3.21% Day High: 519.5 Day Low: 486.4

In the event Asos experiences weakness below 486, it calculates with a dro ……..

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LSE:BP. BP PLC Close Mid-Price: 477.9 Percentage Change: -0.44% Day High: 485.05 Day Low: 476.5

In the event of BP PLC enjoying further trades beyond 486, the share shoul ……..

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LSE:DARK Darktrace Plc Close Mid-Price: 259.6 Percentage Change: -4.35% Day High: 271.7 Day Low: 259.7

The share is trying to prove the validity of our GaGa logic (circled). Con ……..

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LSE:EZJ EasyJet Close Mid-Price: 337.7 Percentage Change: -2.26% Day High: 349.9 Day Low: 335.3

In the event EasyJet experiences weakness below 335, it calculates with a ……..

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LSE:HIK Hikma. Close Mid-Price: 1574 Percentage Change: + 0.96% Day High: 1579.5 Day Low: 1558

In the event of Hikma enjoying further trades beyond 1580, the share shoul ……..

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LSE:HSBA HSBC. Close Mid-Price: 512.3 Percentage Change: + 0.20% Day High: 516 Day Low: 510.6

Now above 516 should still prove useful, giving the potential of an initia ……..

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LSE:NWG Natwest Close Mid-Price: 264.6 Percentage Change: -0.23% Day High: 266.7 Day Low: 263.7

Further movement against Natwest ABOVE 267 should continue acceleration to ……..

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LSE:STAN Standard Chartered Close Mid-Price: 625 Percentage Change: -0.13% Day High: 631.8 Day Low: 621.4

Target Met. Now above 632 looks capable of a cycle to 661 next with second ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 190 Percentage Change: + 4.11% Day High: 195 Day Low: 182.5

Above 195 promises 198 next with secondary, if beaten, a longer term 212 a ……..

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View Previous Zoo Digital & Big Picture ***

*** End of “Updated Today” comments on shares.

#Gold #Nasdaq

This evening brought an interesting dinner. Rehearsing for Xmas day, a vague concept of serving Venison with a Chocolate sauce seemed a good   idea. A glance at the internet revealed a few easy chocolate sauce recipes, with only a couple of ingredient issues. No single cream, just use double cream. No beef stock, just use chicken, no cognac, just use rum, and the only chocolate available was dark 93.9% cocoa super-strength rather than the demanded 70% cocoa. We didn’t even have lemon juice, only lime juice. When it came down to it, the only correct ingredients present were water and local venison, along with a lazy aversion to going shopping.

The completed sauce looked authentically wonderful, the venison medallions just the correct size to dunk in a ramekin dish. It’s an easy admission to say this was, by several orders of magnitude, the most disgusting thing I’ve ever cooked. Worse, I’d been so focussed on the sauce the venison hadn’t been seasoned. When my wife returned home, rather than her usual exclamation about a wet dog smell (after a walk, the dog curls up at the front door), instead there were immediate questions on just what I’d tried to do as the house was stinking. The taste, similar to the smell, lingered and not even a strawberry milkshake served to eradicate the flavour of that awful sauce. Apparently, we’re having Venison with an Red berry sauce on Xmas day and I’m to make my signature Onion Soup, once again banned from producing a main course…

 

Despite the FTSE itself enjoying a useful day on Wednesday, amongst shares the reality was less convincing, hence inspiration to attempt cooking. Currently it looks like Thursday should prove capable of further gains for London and if Friday observes the usual playbook, the FTSE shall do next to nothing all morning with most of the action taking place between noon and 12.30pm, when the market closes for the holiday.

However, Ashmore Group, described as a specialist emerging markets investment manager, enjoy a share price which appears on the edge of becoming useful, fairly soon.

Currently trading around 237p, the share price need only exceed 240p to hopefully trigger further movement to an initial 246p. Achieving such a level comes with the visual implication of hesitation as the immediate downtrend in challenged but crucially, closure above 246p should prove important for the longer term. In this instance, longer term movement to a gift wrapped 284p looks very possible with our secondary, if beaten, working out at 317p.

To judge by a couple of emails received, whatever Ashmore are up to is attracting some interest, hence us taking the time to review their potentials. For everything to look like going horribly wrong, the price needs drop below 222p.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:59:31PM	BRENT	82.6
10:01:13PM	GOLD	1814.6	1811	1806	1800	1819	1824	1827	1845	1811
10:04:06PM	FTSE	7520.83									Success
10:06:06PM	STOX50	3878.3									Success
10:08:16PM	GERMANY	14089.1									‘cess
10:10:29PM	US500	3886.02									Success
10:13:22PM	DOW	33420									Success
10:27:38PM	NASDAQ	11253	11078	11030	10945	11128	11285	11305	11357	11223	Success
10:29:20PM	JAPAN	26464

 

21/12/2022 FTSE Closed at 7497 points. Change of 1.72%. Total value traded through LSE was: £ 4,650,253,463 a change of -20.61%

20/12/2022 FTSE Closed at 7370 points. Change of 0.12%. Total value traded through LSE was: £ 5,857,237,056 a change of 57.46%

19/12/2022 FTSE Closed at 7361 points. Change of 0.4%. Total value traded through LSE was: £ 3,719,802,637 a change of -70.94%

16/12/2022 FTSE Closed at 7332 points. Change of -1.27%. Total value traded through LSE was: £ 12,798,409,041 a change of 152.21%

15/12/2022 FTSE Closed at 7426 points. Change of -0.92%. Total value traded through LSE was: £ 5,074,557,667 a change of -3.77%

14/12/2022 FTSE Closed at 7495 points. Change of -0.09%. Total value traded through LSE was: £ 5,273,114,917 a change of -15.16%

13/12/2022 FTSE Closed at 7502 points. Change of 0.77%. Total value traded through LSE was: £ 6,215,222,839 a change of 28.4%

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:BLOE Block Energy PLC** **LSE:BP. BP PLC** **LSE:CEY Centamin** **LSE:HSBA HSBC** **LSE:OPG OPG Power Ventures** **LSE:RKH Rockhopper** **LSE:STAN Standard Chartered** **

********

Updated charts published on : Block Energy PLC, BP PLC, Centamin, HSBC, OPG Power Ventures, Rockhopper, Standard Chartered,

LSE:BLOE Block Energy PLC Close Mid-Price: 1.12 Percentage Change: -8.16% Day High: 1.25 Day Low: 1.12

Target Met. Now below 1.12 calculates with the potential of 0.90 and hopef ……..

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LSE:BP. BP PLC. Close Mid-Price: 480 Percentage Change: + 2.68% Day High: 480.65 Day Low: 466.3

In the event of BP PLC enjoying further trades beyond 481, the share shoul ……..

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LSE:CEY Centamin. Close Mid-Price: 112.3 Percentage Change: + 2.23% Day High: 113.35 Day Low: 109.9

Further movement against Centamin ^ABOVE 113.4 should improve acceleration ……..

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LSE:HSBA HSBC. Close Mid-Price: 511.3 Percentage Change: + 1.69% Day High: 511.9 Day Low: 501.4

Now above 512 should still prove useful, giving the potential of an initia ……..

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LSE:OPG OPG Power Ventures Close Mid-Price: 5.7 Percentage Change: -2.56% Day High: 5.85 Day Low: 5.65

Target Met. This isn’t great as below 5.6 now points at 5.15 next with sec ……..

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LSE:RKH Rockhopper Close Mid-Price: 8.99 Percentage Change: -1.75% Day High: 9.2 Day Low: 8.8

Now below 8.8p suggests 8p next with secondary, if broken, a hopeful botto ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 625.8 Percentage Change: + 0.74% Day High: 626.6 Day Low: 615.6

All Standard Chartered needs are mid-price trades ^ABOVE 627 to improve ac ……..

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*** End of “Updated Today” comments on shares.

#FTSE #Stoxx 

The Hut Group, with a share price popularity reminiscent of approval ratings for UK politicians, is currently trading in a region where, from a Big Picture perspective, we cannot calculate a logical bottom. Online retailers continue to enjoy a bit of a hammering, almost as if investors completely forgot about the possibility of the pandemic ending. Now, of course, it’s the threat of international recession, along with rising interest rates dampening consumer spending which is being blamed for the share price decline.

This weeks little tranche of bad news for THG came from a story one of their insurers are reducing supplier cover – insurance used to protect suppliers against the potential of a retailer going broke between the point of receiving goods and paying suppliers. However, more positively, the reduction in insurance cover is described as modest, in line with similar reductions being made against other online retailers. On the basis insurance companies know a thing or two, we’re opting to search for early warning signs which shall point to share price recovery for THG. But we’d be remiss, if we didn’t take the chance to supply a little more misery first.

The immediate situation calculates with the potential, should 50p now break, of reversal to an initial 39p with secondary, if broken, at 14p. But from a Big Picture perspective, remember we cannot calculate a bottom. We’re working on the period since June this year, when the market opted to gap the share price below our “ultimate bottom” of 98p (circled).

 

If we opt to dip into the realms of optimism – it is Xmas! – a closing price above 59p should now prove capable of triggering price recovery to an initial 75p. Visually, the implies a challenge of the immediate Blue downtrend and, if exceeded, our longer term secondary works out at an impressive 127p. Our immediate suspicion is THG shall prove worth keeping an eye on.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:35:40PM	BRENT	80.21
10:38:07PM	GOLD	1817.7									Success
10:39:58PM	FTSE	7382.09	7346	7338	7320	7383	7393	7408	7446	7353
10:41:50PM	STOX50	3915.2	3792	3784	3772	3820	3820	3843	3875	3792
10:43:34PM	GERMANY	13939.31
10:45:42PM	US500	3827.67
10:48:08PM	DOW	32919
10:50:03PM	NASDAQ	11098
10:52:55PM	JAPAN	26388									Success

 

20/12/2022 FTSE Closed at 7370 points. Change of 0.12%. Total value traded through LSE was: £ 5,857,237,056 a change of 57.46%

19/12/2022 FTSE Closed at 7361 points. Change of 0.4%. Total value traded through LSE was: £ 3,719,802,637 a change of -70.94%

16/12/2022 FTSE Closed at 7332 points. Change of -1.27%. Total value traded through LSE was: £ 12,798,409,041 a change of 152.21%

15/12/2022 FTSE Closed at 7426 points. Change of -0.92%. Total value traded through LSE was: £ 5,074,557,667 a change of -3.77%

14/12/2022 FTSE Closed at 7495 points. Change of -0.09%. Total value traded through LSE was: £ 5,273,114,917 a change of -15.16%

13/12/2022 FTSE Closed at 7502 points. Change of 0.77%. Total value traded through LSE was: £ 6,215,222,839 a change of 28.4%

12/12/2022 FTSE Closed at 7445 points. Change of -0.41%. Total value traded through LSE was: £ 4,840,427,704 a change of -2.03%

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:CCL Carnival** **LSE:DARK Darktrace Plc** **LSE:EZJ EasyJet** **LSE:IGAS Igas Energy** **LSE:IPF International Personal Finance** **LSE:STAN Standard Chartered** **LSE:TRN The Trainline** **

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Updated charts published on : Carnival, Darktrace Plc, EasyJet, Igas Energy, International Personal Finance, Standard Chartered, The Trainline,

LSE:CCL Carnival. Close Mid-Price: 587.6 Percentage Change: + 0.10% Day High: 595.8 Day Low: 567.2

Weakness on Carnival below 567 will invariably lead to 548 with secondary ……..

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LSE:DARK Darktrace Plc Close Mid-Price: 267.8 Percentage Change: -0.59% Day High: 272.2 Day Low: 263.5

Target Met. This is bad as the share is trying to prove the validity of ou ……..

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LSE:EZJ EasyJet Close Mid-Price: 338.9 Percentage Change: -2.33% Day High: 343.7 Day Low: 338.2

In the event EasyJet experiences weakness below 338, it calculates with a ……..

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LSE:IGAS Igas Energy Close Mid-Price: 16.15 Percentage Change: -5.28% Day High: 17.6 Day Low: 15.6

Continued weakness against IGAS taking the price below 15.6 calculates as ……..

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LSE:IPF International Personal Finance Close Mid-Price: 66 Percentage Change: -4.76% Day High: 70.1 Day Low: 64.8

Continued weakness against IPF taking the price below 64 calculates as lea ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 621.2 Percentage Change: + 0.65% Day High: 623.8 Day Low: 612.2

All Standard Chartered needs are mid-price trades ^ABOVE 624 to improve ac ……..

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LSE:TRN The Trainline Close Mid-Price: 263.3 Percentage Change: -2.37% Day High: 270.2 Day Low: 261.7

If The Trainline experiences continued weakness below 261, it will invaria ……..

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*** End of “Updated Today” comments on shares.