Diageo Plc (LSE:DGE) and festive cheers

#Gold #SP500

Two things are inevitable during the festive season, increased alcohol sales and also, that miserable dirge; ‘Fairytale in New York’. Thankfully, only one of these subjects lends itself to analysis while the other simply brings into question the musical taste of those who choose songs for radio stations. Even normally respected Ken Bruce on Radio2 has played the awful tune.

Diageo Plc, owner of multiple drinks brands, produce something more palatable than drab Xmas music, the largest exporter of Scotch whisky with a truly intimidating list of labels. When we include brands such as Guinness, Smirnoff, Morgans Run, and Baileys, it’s a surprise Diageo share price doesn’t shoot up higher every December, in a drunken euphoric fit of optimism.

Currently trading around 3636p, Diageo share price appears to have spent 2022 essentially trapped within a trading range of roughly 35 quid to 40 quid. However, according to our calculations, the share price now need only CLOSE a session above 3857p to again promote some recovery as we can calculate an initial 3982p with secondary, if exceeded, working out at 4100p. Unusually, we can also provide a third level, in the event the share price manages to close a session above our secondary and it’s at a spectacular 4502p and a new all time high.

 

As always, there’s a “however” and we’ve circled it on the chart.

For some reason, in October Diageo share price opted to dip below the Pandemic Red uptrend, something we often think of as a warning sign. This creates a situation where weakness next below just 3580p risks becoming a little dangerous, provoking rebersal to an initial 3476p with secondary, if broken, at 3345p and a hopeful bounce, judging by the visuals. In fact, a bounce becomes almost essential at such a level as closure below 3345p risks triggering long term travel to an eventual 2572p.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:20:11PM BRENT 80.47 ‘cess
10:21:40PM GOLD 1787.37 1783 1780 1774 1792 1798 1803 1813 1790
10:23:45PM FTSE 7357.12
10:25:34PM STOX50 3801
10:27:47PM GERMANY 13900
10:30:45PM US500 3815 3799 3782 3778 3822 3870 3880 3907 3852 ‘cess
10:32:40PM DOW 32737
10:36:32PM NASDAQ 11080.47 ‘cess
10:38:07PM JAPAN 27231

 

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%
9/12/2022 FTSE Closed at 7476 points. Change of 0.05%. Total value traded through LSE was: £ 4,940,691,101 a change of -3.99%

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:AML Aston Martin** **LSE:BLOE Block Energy PLC** **LSE:CCL Carnival** **LSE:DARK Darktrace Plc** **LSE:EZJ EasyJet** **LSE:GKP Gulf Keystone** **LSE:STAN Standard Chartered** **LSE:TRN The Trainline** **

********

Updated charts published on : Aston Martin, Block Energy PLC, Carnival, Darktrace Plc, EasyJet, Gulf Keystone, Standard Chartered, The Trainline,

LSE:AML Aston Martin. Close Mid-Price: 177 Percentage Change: + 2.02% Day High: 179.85 Day Low: 171.5

Continued trades against AML with a mid-price ABOVE 179.85 should improve ……..

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LSE:BLOE Block Energy PLC Close Mid-Price: 1.23 Percentage Change: -2.00% Day High: 1.25 Day Low: 1.23

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LSE:CCL Carnival Close Mid-Price: 587 Percentage Change: -4.24% Day High: 617 Day Low: 583.8

Target met. Weakness on Carnival below 583.8 will invariably lead to 548 ……..

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LSE:DARK Darktrace Plc Close Mid-Price: 269.4 Percentage Change: -3.44% Day High: 282.3 Day Low: 268

Continued weakness against DARK taking the price below 268 calculates as ……..

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LSE:EZJ EasyJet Close Mid-Price: 347 Percentage Change: -1.22% Day High: 355.9 Day Low: 346.1

In the event EasyJet experiences weakness below 346.1 it calculates with ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 196.4 Percentage Change: -2.29% Day High: 201.5 Day Low: 189

Weakness on Gulf Keystone below 189 will invariably lead to 177 with seco ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 617.2 Percentage Change: + 0.06% Day High: 619.4 Day Low: 612.2

All Standard Chartered needs are mid-price trades ABOVE 619.4 to improve ……..

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LSE:TRN The Trainline. Close Mid-Price: 269.7 Percentage Change: + 0.26% Day High: 280 Day Low: 262.2

If The Trainline experiences continued weakness below 262.2, it will inva ……..

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

Barclays Plc (LSE:BARC) and a war story…

#Brent #Dax  

Our usual quick trawl of Google News, prior to writing about Barclays, took us down an accidental rabbit hole. Apparently there’s a politician called Steve Barclay who’s tasked with keeping NHS staff impoverished and he’s nothing to do with the bank. While considering the various stories, a similarity with the 1st and 2nd World Wars, and the Pandemic, became clear.

During times of conflict, the folk at the front line were celebrated in their home country, the media devoting constant front pages feting the devotion of those involved in the fight. This hype, used extensively to praise “front line” workers during the Pandemic, unfortunately had an identical ending to that experienced after the two major wars of the 20th century. When troops returned, the rhetoric from a grateful nation proved empty, and it’s not difficult to understand the frustration among those in the NHS who, once again, feel undervalued and underappreciated by the Government.

To be fair, personally I’m not so sure about the train drivers, suspecting they’re jumping on a bandwagon. With the UK enjoying among the highest rail fares anywhere, often coupled with truly dreadful service, there’s clearly a problem with the industry but it’s difficult to find sympathy for the dispute.

As said earlier, this was an unexpected rabbit hole and it’s time to return to Barclays!

 

Three weeks ago, when we covered Barclays, we expressed a scenario where movement above 160.22p should promote travel toward an initial 169p. Our trigger level has been exceeded, the share price closing above on no less than four occasions. However, subsequent price movements are proving less generous than a government negotiator at a nurses pay dispute, the highest price achieved being a parsimonious 162.8p. It’s still the case the share price needs tumble below 148p to spoil our optimism but we can refine (again) our upper target ambitions.

The situation now is of movement above 162.8p now expected to trigger travel up to an initial 169p with secondary, if beaten, now reduced to a viable looking 184p.

A contrary scenario is indicated, should Barclays share wander below 148p as reversal to an initial 145p is expected. If broken, our secondary works out at 135p and hopefully a bounce. As the chart below shows, there are quite unpleasant indications in the event 135p breaks.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
5:36:49PM BRENT 79.49 78.85 78.54 76.99 80.08 80.31 80.87 81.67 78.9
5:57:32PM GOLD 1792.37
6:00:09PM FTSE 7341 Success
6:43:19PM STOX50 3812.5 ‘cess
6:46:14PM GERMANY 13911 13810 13770 13559 13903 14013 14032 14106 13957 ‘cess
6:48:28PM US500 3844.77
6:56:24PM DOW 32833 ‘cess
8:04:38PM NASDAQ 11225.19
8:07:53PM JAPAN 27337 Success

 

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%
9/12/2022 FTSE Closed at 7476 points. Change of 0.05%. Total value traded through LSE was: £ 4,940,691,101 a change of -3.99%
8/12/2022 FTSE Closed at 7472 points. Change of -0.23%. Total value traded through LSE was: £ 5,146,170,093 a change of -10.96%

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:AML Aston Martin** **LSE:ASC Asos** **LSE:AVCT Avacta** **LSE:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:DARK Darktrace Plc** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:IPF International Personal Finance** **LSE:RBD Reabold Resources PLC** **LSE:STAN Standard Chartered** **LSE:TLW Tullow** **LSE:TSCO Tesco** **LSE:VOD Vodafone** **

********

Updated charts published on : Aston Martin, Asos, Avacta, Cellular Goods, Carnival, Darktrace Plc, EasyJet, Foxtons, International Personal Finance, Reabold Resources PLC, Standard Chartered, Tullow, Tesco, Vodafone,

LSE:AML Aston Martin. Close Mid-Price: 173.5 Percentage Change: + 2.27% Day High: 173.85 Day Low: 159.35

All Aston Martin needs are mid-price trades ABOVE 173.85 to improve accel ……..

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LSE:ASC Asos. Close Mid-Price: 511 Percentage Change: + 0.10% Day High: 515.5 Day Low: 495.4

In the event Asos experiences weakness below 495.4 it calculates with a d ……..

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LSE:AVCT Avacta. Close Mid-Price: 104.1 Percentage Change: + 2.06% Day High: 104 Day Low: 99.5

Weakness on Avacta below 99.5 will invariably lead to 92 with secondary, ……..

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LSE:CBX Cellular Goods Close Mid-Price: 0.95 Percentage Change: -7.32% Day High: 1.02 Day Low: 0.95

In the event Cellular Goods experiences weakness below 0.95 it calculates ……..

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LSE:CCL Carnival Close Mid-Price: 613 Percentage Change: -1.19% Day High: 623.8 Day Low: 606

If Carnival experiences continued weakness below 606, it will invariably ……..

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LSE:DARK Darktrace Plc Close Mid-Price: 279 Percentage Change: -1.41% Day High: 289.4 Day Low: 268.6

Target met. Weakness on Darktrace Plc below 268.6 will invariably lead to ……..

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LSE:EZJ EasyJet Close Mid-Price: 351.3 Percentage Change: -4.28% Day High: 365.1 Day Low: 351.3

Continued weakness against EZJ taking the price below 351.3 calculates as ……..

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LSE:FOXT Foxtons Close Mid-Price: 29.45 Percentage Change: -4.07% Day High: 30.7 Day Low: 29

Weakness on Foxtons below 29 will invariably lead to 28 with secondary, i ……..

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LSE:IPF International Personal Finance Close Mid-Price: 64.4 Percentage Change: -9.42% Day High: 70.9 Day Low: 65

Target met. Continued weakness against IPF taking the price below 65 calc ……..

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LSE:RBD Reabold Resources PLC Close Mid-Price: 0.2 Percentage Change: -4.65% Day High: 0.22 Day Low: 0.2

Target met. In the event Reabold Resources PLC experiences weakness below ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 616.8 Percentage Change: + 2.02% Day High: 618.6 Day Low: 605.6

In the event of Standard Chartered enjoying further trades beyond 618.6, ……..

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LSE:TLW Tullow Close Mid-Price: 34.96 Percentage Change: -2.07% Day High: 35.68 Day Low: 34.3

Target met. Continued weakness against TLW taking the price below 34.3 ca ……..

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LSE:TSCO Tesco Close Mid-Price: 222.3 Percentage Change: -0.54% Day High: 225.7 Day Low: 220

If Tesco experiences continued weakness below 220, it will invariably lea ……..

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LSE:VOD Vodafone Close Mid-Price: 83.76 Percentage Change: -2.58% Day High: 85.94 Day Low: 83.25

Weakness on Vodafone below 83.25 will invariably lead to 80 with secondar ……..

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

FTSE for FRIDAY (FTSE:UKX) & Wall St too

#FTSE #WallSt  

The only thing funnier than my recent Diabetes T2 diagnosis are recent FTSE movements. With Coeliac disease (the gluten thing) along with egg and shellfish allergies already compromising food choices, the inclusion of diabetes has brought chaos into Xmas dinner plans. But on the plus side, I get to play with all the packaging and wrapping paper while everyone eats!

This little hint of frustration with the FTSE comes, thanks to recent market movements. We’d been hoping the rally which started in November would continue but, thanks to politicians and interest rate manipulation, it starts to look like the UK index is fated to follow other markets into a downward spiral. With Wall St, for instance, we shall not be surprised if it visits 32,300 sometime soon. Dangerously, should such a level break, the US index could easily lose a further 2,000 points before bouncing. At risk of being ridiculous, it almost feels like those who spent October predicting recession in 2023 are now doing their hardest to actually cause such a mess, thanks to the markets opting to ignore their predictions and trundle upwards. Currently, the writing is on the wall, we’re just not 100% certain it’s in indelible ink. Should Wall St wander below 32,850, the chances of severe reversals increase dramatically.

 

Near term for the FTSE, movement below 7410 looks troubling, coming with the risk of triggering reversal to an initial 7347 points. If broken, our secondary calculates at 7294 points and hopefully a bounce capable of propelling the index above Red again. From a “charty” stance, this would be very good news for the future.

Our converse stance for the FTSE requires the UK index to exceed 7495 points as this should trigger emergency recovery to an initial 7537 points. Our secondary is a little worrying, calculating at 7587 points and matching recent previous highs. This, essentially, telegraphs the risk of a glass ceiling at the 7600 level and hints optimism should stay on the back burner until the UK manages to close above such a level.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:45:44PM BRENT 81.57 81.12 80.08 82.56 83.2 83.9 81.6
9:47:58PM GOLD 1777.24 1773 1767 1786 1796 1802 1786 Success
9:50:43PM FTSE 7445.01 7407 7396 7455 7494 7503 7458 Success
10:05:05PM STOX50 3839 3825 3806 3861 3875 3880 3848
10:17:44PM GERMANY 13974.98 13955 13851 14077 14190 14236 14040 Success
10:27:36PM US500 3892 3876 3813 3910 3961 3985 3921 Success
10:37:22PM DOW 33165.5 32994 32637 33220 33768 34005 33503 Success
10:41:32PM NASDAQ 11343 11292 11160 11389 11622 11742 11519 Success
10:44:59PM JAPAN 27670 27627 27527 27752 27873 27912 27787 Success

 

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%
9/12/2022 FTSE Closed at 7476 points. Change of 0.05%. Total value traded through LSE was: £ 4,940,691,101 a change of -3.99%
8/12/2022 FTSE Closed at 7472 points. Change of -0.23%. Total value traded through LSE was: £ 5,146,170,093 a change of -10.96%
7/12/2022 FTSE Closed at 7489 points. Change of -0.43%. Total value traded through LSE was: £ 5,779,316,344 a change of 0.25%

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:AML Aston Martin** **LSE:ASC Asos** **LSE:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:IPF International Personal Finance** **LSE:TRN The Trainline** **

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Updated charts published on : Aston Martin, Asos, Cellular Goods, Carnival, International Personal Finance, The Trainline,

LSE:AML Aston Martin. Close Mid-Price: 169.65 Percentage Change: + 4.53% Day High: 170.85 Day Low: 155.85

Further movement against Aston Martin ABOVE 170.85 should improve acceler ……..

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LSE:ASC Asos Close Mid-Price: 510.5 Percentage Change: -4.58% Day High: 532.5 Day Low: 509

Weakness on Asos below 509 will invariably lead to 444 with secondary, if ……..

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LSE:CBX Cellular Goods Close Mid-Price: 1.02 Percentage Change: -4.65% Day High: 1.07 Day Low: 1.02

Weakness on Cellular Goods below 1. will invariably lead to 0.79p with se ……..

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LSE:CCL Carnival Close Mid-Price: 620.4 Percentage Change: -2.45% Day High: 637.2 Day Low: 615.8

Continued weakness against CCL taking the price below 615.8 calculates as ……..

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LSE:IPF International Personal Finance Close Mid-Price: 71.1 Percentage Change: -5.20% Day High: 73.1 Day Low: 70.5

In the event International Personal Finance experiences weakness below 70 ……..

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LSE:TRN The Trainline Close Mid-Price: 292.9 Percentage Change: -3.27% Day High: 299.2 Day Low: 292.3

Things are looking dodgy for TRN, perhaps the markets deciding a company w ……..

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

Argo Blockchain Plc (LSE:ARB), meteoric?

#Stoxx50 #SP500

True victory is when a grand-daughter says to her horrified mother, “Can we go outside tonight to look at the haemorrhoids? Grand-dad says he’s going to be taking photographs.” In my defence, meteor shower names are all vaguely similar, so inventing ‘The Haemorrhoid Meteor Shower’ amused. Of course, the child remembered tonight’s spectacular, asking her mum to go outside once it got dark.

The reality, with outside temperatures here in Argyll currently around -7c, is it’s too blooming cold to loiter with a camera. Despite a ski jacket, snow boots, bobble hat, and the inevitable surgical mask (hey, these things really keep your nose warm!), the idea of standing around for 30 minutes somehow fails to appeal. Currently, my phone is linked by bluetooth to a proper camera which is sitting outside and so far, I’ve seen nothing worth taking a photograph of. This is a bit similar to Argo Blockchain, a company with a chart we wish we could just skip past. Perhaps the number of email requests, asking for an update, may be an indication of something stirring. Or perhaps it’s showing a degree of panic at a share price following a similar trajectory to this evenings invisible meteors.

 

When we previously reviewed Argo Blockchain back in January of this year, we failed to be impressed and pointed out the dangers if it moved below 88p. By the end of the month, the share price had ticked all the boxes and started to tumble, eventually reaching out “ultimate bottom” of 49p during May 2022. We’d assigned this as an “ultimate bottom” simply because we couldn’t calculate lower without invoking minus signs. Following this calamity, time has not been kind to the share and it’s currently trading around 4p.

Perhaps some hope may be taken from recent Bitcoin price movements as it’s exhibiting early signs for a surprise recovery. LSE:ARB managed to mimic Bitcoin hysterics during the share price decline, so maybe there’s a chance for share price recovery, should Bitcoin decide to do something useful. Currently Bitcoin is suggesting it may abandon its attempts to visit the 13,000 dollar level as above 18,500 should provoke a lift to an initial 20,700 with secondary, if exceeded, a game changing 25,400. The secondary is a really big deal as, if attained, it confirms the immediate rot is over for Bitcoin. And a company like LSE:ARB should experience sharp share price recovery. At least, in a fair world, it would.

Another hopeful aspect of ARB comes from all the little Xmas bobbles we’ve decorated the chart with. This is a share where the market habitually forces the price down, six pretty major manipulation gaps in the last 12 months. Some attention is warranted with the inset on the chart, showing movement a couple of days ago, as the market worked hard to ensure ARB didn’t exceed the ruling Blue downtrend. It may be the case this shall prove important, if attempting to catch a surprise recovery. In the event the market allows this share price to close above Blue, we shall be inclined to assume the brakes are off, hoping a cycle to an initial 10.3p is commencing with secondary, if beaten, a longer term 17.2p.

We can count above these levels but, in this instance, will prefer to revisit the share if it actually does anything useful.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:38:21PM BRENT 82.95 ‘cess
9:40:52PM GOLD 1806.89 ‘cess
9:44:15PM FTSE 7476.08
9:46:45PM STOX50 3961.5 3941 3919 3881 3979 3986 4003 4024 3952
9:48:50PM GERMANY 14408
9:51:09PM US500 4002.6 3962 3947 3884 4010 4070 4088 4106 4007 Shambles
9:54:56PM DOW 34041
9:56:53PM NASDAQ 11771
9:59:30PM JAPAN 27963 ‘cess

 

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%
9/12/2022 FTSE Closed at 7476 points. Change of 0.05%. Total value traded through LSE was: £ 4,940,691,101 a change of -3.99%
8/12/2022 FTSE Closed at 7472 points. Change of -0.23%. Total value traded through LSE was: £ 5,146,170,093 a change of -10.96%
7/12/2022 FTSE Closed at 7489 points. Change of -0.43%. Total value traded through LSE was: £ 5,779,316,344 a change of 0.25%
6/12/2022 FTSE Closed at 7521 points. Change of -0.61%. Total value traded through LSE was: £ 5,764,980,013 a change of 13.53%

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:BP. BP PLC** **LSE:CBX Cellular Goods** **LSE:CEY Centamin** **LSE:EZJ EasyJet** **

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Updated charts published on : Astrazeneca, BP PLC, Cellular Goods, Centamin, EasyJet,

LSE:AZN Astrazeneca. Close Mid-Price: 11400 Percentage Change: + 0.65% Day High: 11414 Day Low: 11144

Further movement against Astrazeneca ABOVE 11414 should improve accelerat ……..

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LSE:BP. BP PLC Close Mid-Price: 469.55 Percentage Change: -0.32% Day High: 475.55 Day Low: 467.55

In the event of BP PLC enjoying further trades beyond 475.55, the share s ……..

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LSE:CBX Cellular Goods Close Mid-Price: 1.07 Percentage Change: -12.24% Day High: 1.23 Day Low: 1.05

Target met. Continued weakness against CBX taking the price below 1.05 ca ……..

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LSE:CEY Centamin Close Mid-Price: 108.45 Percentage Change: -1.72% Day High: 111.8 Day Low: 108.45

Target met. Further movement against Centamin ABOVE 111.8 should improve ……..

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LSE:EZJ EasyJet Close Mid-Price: 363.1 Percentage Change: -1.81% Day High: 368.1 Day Low: 358

Weakness on EasyJet below 358 will invariably lead to 323 with secondary ……..

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

Deutsche Bank AG (XE:DBK), share price inflation?

#Gold #Nikkei

Housing Deutsche Bank and the European Central bank HQ’s, Frankfurt provides an absurd memory of visiting an excellent Christmas market one Sunday. It was supposed to be a quick day trip, my then girlfriend who worked in Munich assuring me it was just a few centimetres on the map, surely a quick drive. Her map was, of course, of all Europe and we lacked a GPS.

Our Saab 900 Turbo dealt with the 400km journey well, covering the couple of map centimetres in around 4 hours. It transpired the Xmas market was truly spectacular. Inevitably perhaps, we bought a cuckoo clock for ourselves and a bunch of unusual gifts for family back in Scotland. Perhaps it was the proximity of the banking centre but our experience in Frankfurt provided excellent shopping, unbelievable food, and several cases of wine, most of which was drunk by the time Xmas came around. Arriving back at The Four Seasons hotel in Munich just after midnight, we were just a few hours away from discovering another of her assumptions about the cost of hotels was expensively wrong. Quite how she’d survived the previous 8 months working in Munich, learning none of the language (due to most Germans demanding to practice their excellent English), remaining a distant stranger to exchange rates, still defeats me. Her corporate employer was picking up the tab for everything – except our stay in one of the best hotels in Germany! When she took my card down to settle the bill while I sorted out our luggage, her complexion would have challenged Dulux definition of “white” when she met up at the car. She’d finally gotten around to some basic arithmetic, realising we’d spent £180 on a single bottle of (excellent) wine with dinner on Friday night. By the time we reached our next port of call, Heidelberg, she was suggesting we spent the rest of the holiday week sleeping in the car.

Similar to Deutsche Bank share price at 120 €, that expensive week is a distant memory, but the pleasant impact of the Frankfurt’s Xmas market remains. And the cuckoo clock still works…

 

The point behind this reminiscence is shown with the Blue line on the chart below. At the start of November Deutsche Bank (DBK) share price moved through the downtrend from 2007. Generally with banking shares, we feel they need move through a magic wishing well, filled with lucky charms, blessed by the Xmas fairy, before anything useful happens. But in this instance, the movement appears to deserve an little inset on the chart as there’s little doubt the share price is reacting to the trend.

Should this prove to be the case, above just 10.50€ calculates with the potential of a lift to an initial 11.2 Euro with our secondary, if bettered, at a viable looking 12.4 Euro.

This secondary is of particular interest as share price closure above 12.4€ takes the share into a region where a longer term 21.9 Euro becomes a sane long term ambition.

We think DBK may prove worth watching as we know German prices can offer quite a surprise.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:33:12PM BRENT 80.58 Success
9:35:15PM GOLD 1810.82 1804 1795 1785 1815 1825 1829 1836 1811 ditto
9:37:52PM FTSE 7492.63 ditto
9:40:28PM STOX50 3979.4 ditto
9:42:38PM GERMANY 14465.54 ditto
10:04:19PM US500 4019 ditto
10:07:22PM DOW 34117.2 ditto
10:10:29PM NASDAQ 11833 ditto
10:12:14PM JAPAN 28043 27908 27872 27723 28038 28150 28210 28292 28020 ditto

 

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%
9/12/2022 FTSE Closed at 7476 points. Change of 0.05%. Total value traded through LSE was: £ 4,940,691,101 a change of -3.99%
8/12/2022 FTSE Closed at 7472 points. Change of -0.23%. Total value traded through LSE was: £ 5,146,170,093 a change of -10.96%
7/12/2022 FTSE Closed at 7489 points. Change of -0.43%. Total value traded through LSE was: £ 5,779,316,344 a change of 0.25%
6/12/2022 FTSE Closed at 7521 points. Change of -0.61%. Total value traded through LSE was: £ 5,764,980,013 a change of 13.53%
5/12/2022 FTSE Closed at 7567 points. Change of 0.15%. Total value traded through LSE was: £ 5,078,150,606 a change of 13.07%

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:BBY BALFOUR BEATTY** **LSE:CBX Cellular Goods** **LSE:IGAS Igas Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:NWG Natwest** **

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Updated charts published on : Asos, BALFOUR BEATTY, Cellular Goods, Igas Energy, Intercontinental Hotels Group, Natwest,

LSE:ASC Asos. Close Mid-Price: 568 Percentage Change: + 4.80% Day High: 600 Day Low: 524.5

Now below 524 calculates with the potential of reversal to 444 with second ……..

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LSE:BBY BALFOUR BEATTY Close Mid-Price: 340.6 Percentage Change: -1.22% Day High: 350.4 Day Low: 340.8

Target Met. Above 351 suggests movement to 357 next with secondary, if bet ……..

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LSE:CBX Cellular Goods Close Mid-Price: 1.23 Percentage Change: -3.92% Day High: 1.27 Day Low: 1.23

If Cellular Goods experiences continued weakness below 1.23, it will inva ……..

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LSE:IGAS Igas Energy Close Mid-Price: 15.9 Percentage Change: -2.45% Day High: 16.3 Day Low: 15.7

Continued weakness against IGAS taking the price below 15.7 calculates as ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4986 Percentage Change: + 0.50% Day High: 5030 Day Low: 4942

Continued trades against IHG with a mid-price ABOVE 5030 should improve t ……..

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LSE:NWG Natwest. Close Mid-Price: 263.5 Percentage Change: + 1.23% Day High: 266.3 Day Low: 260

Target met. Further movement against Natwest ABOVE 266.3 should improve a ……..

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

Tesco Plc and the price of plums.

#Gold #DOW  

Here in Argyll, the usual flamboyant (vulgar) unspoken competitions of Xmas lights appear to be enjoying a cease fire in 2022.  Whether this is to do with a fear of electricity prices, the ‘cost of living’ crisis, or folk simply fed up with untangling light ropes cables is unknown. Perhaps its the case it’s just too blooming cold, ice always a factor in deciding whether to climb ladders to dangle thousands of twinkling led lights.

Personally, the cold has provided sufficient excuse give this year a miss but we gather, in the wider world, there’s a certain lack garden displays and cost is bound to be an issue. It makes us wonder whether the supermarkets are liable to dodge their usual success in December, folk nationwide being very aware of the “cost of stuff”. It’s becoming difficult to maintain any justification for profiteering presently, Crude Oil’s now cheaper than it was a year ago with the price of wheat following a similar trajectory. Even timber has been showing price reversals, though still not returning to sensible levels.

 

For Tesco, their share price has enacted some really strange movements recently, starting November by regaining the historical Red uptrend. Unfortunately, it celebrated the start of December by once again breaking below Red and this is rarely an encouraging signal, quite the converse.

Price weakness now below 208p risks turning the share into a turkey as this could easily trigger reversal to an initial 191p, slightly below the more recent low. Our secondary, should such a level break, is visually absurd as it calculates at a potential bottom of 135p. We’d be quite careful with rushing into any short positions on the basis of this calculation as we suspect Tesco would really need blot their copybook to provoke such a catastrophe. However, it’d hopefully provide an ideal jumping off place for a long position, in the unlikely event such an entry level ever appeared.

Maybe the market is paying Tesco back for their awful reliance on ‘self scan’ checkouts.

Our converse scenario demands Tesco share price exceed 236p to trigger recovery to an initial 259p with secondary, if exceeded, working out at 266p. The proximity of these target levels tends imply an expectation of some hesitation, even if the company share price somehow manages to claw its way back above Red on the chart.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:08:06PM BRENT 78.27
10:48:27PM GOLD 1780.56 1777 1770 1758 1787 1795 1797 1803 1787 ‘cess
10:50:57PM FTSE 7467
10:53:15PM STOX50 3942.6
10:55:11PM GERMANY 14360.04
10:56:52PM US500 3986.72 3920 3904 3875 3950 3990 4004 4032 3956 Shambles
10:58:32PM DOW 33974.5
11:01:15PM NASDAQ 11695
11:03:20PM JAPAN 28028 ‘cess

 

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%
9/12/2022 FTSE Closed at 7476 points. Change of 0.05%. Total value traded through LSE was: £ 4,940,691,101 a change of -3.99%
8/12/2022 FTSE Closed at 7472 points. Change of -0.23%. Total value traded through LSE was: £ 5,146,170,093 a change of -10.96%
7/12/2022 FTSE Closed at 7489 points. Change of -0.43%. Total value traded through LSE was: £ 5,779,316,344 a change of 0.25%
6/12/2022 FTSE Closed at 7521 points. Change of -0.61%. Total value traded through LSE was: £ 5,764,980,013 a change of 13.53%
5/12/2022 FTSE Closed at 7567 points. Change of 0.15%. Total value traded through LSE was: £ 5,078,150,606 a change of 13.07%
2/12/2022 FTSE Closed at 7556 points. Change of -0.03%. Total value traded through LSE was: £ 4,491,031,065 a change of -9.42%

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:AML Aston Martin** **LSE:ASC Asos** **LSE:BT.A British Telecom** **LSE:CCL Carnival** **LSE:IGAS Igas Energy** **LSE:RR. Rolls Royce** **

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Updated charts published on : Aston Martin, Asos, British Telecom, Carnival, Igas Energy, Rolls Royce,

LSE:AML Aston Martin Close Mid-Price: 153.2 Percentage Change: -4.52% Day High: 158.55 Day Low: 149.8

This only needs above 165 to allegedly trigger acceleration to an initial ……..

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LSE:ASC Asos Close Mid-Price: 542 Percentage Change: -7.35% Day High: 573 Day Low: 537

Target Met. Now below 537 calculates with the potential of reversal to 444 ……..

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LSE:BT.A British Telecom Close Mid-Price: 112.75 Percentage Change: -0.70% Day High: 113.55 Day Low: 110.55

Target Met. Now below 110 suggests reversal to 108 next with secondary, if ……..

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LSE:CCL Carnival Close Mid-Price: 645 Percentage Change: -1.53% Day High: 652.8 Day Low: 619.2

Now below 619 suggests an excursion down to an initial 585 with secondary, ……..

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LSE:IGAS Igas Energy Close Mid-Price: 16.3 Percentage Change: -3.55% Day High: 17.35 Day Low: 15.9

If Igas Energy experiences continued weakness below 15.9, it will invariab ……..

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LSE:RR. Rolls Royce Close Mid-Price: 92.84 Percentage Change: -1.29% Day High: 94.68 Day Low: 92.35

Further movement against Rolls Royce ABOVE 94.7 should improve acceleratio ……..

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

Natwest (LSE:NWG) and a melting price.

#Brent #Dax  

We’ve become so cynical with the markets, spending the weekend with an occasional glance at the news to discover if a ‘breaking story’ has yet appeared, used as an excuse to force recovery of crude oil prices. Britain hasn’t invaded Ireland, Saudi refineries are still intact, Russia is still Russia, and Xmas is still coming. About the only “surprise” is the cold weather, along with the salient fact a Blocking High in winter brings very cold weather, along with wind power taking a little break when it’s most needed. As for Natwest, their share price remains utterly becalmed and similar to Brent Crude, it’s failing to do anything particularly interesting.

Of course, this week may prove interesting for financial shares with Bank of England widely expected to punt interest rates higher on Thursday, part of their insatiable campaign to battle price inflation by pushing prices upward… Also, everyone who had the misfortune of being deemed an essential worker during the pandemic are also expected to commence strike action, doubtless puzzled why they were sufficiently valued for people to open their doors and applaud on Thursday evenings for a few years. Maybe investors should start applauding bank shares at 8am on Monday mornings, maybe this is the trick we’ve all been missing as nothing else looks capable of making the retail bank sector provide real movement.

 

Our inclination is to allocate 266.5p as a trigger level against Natwest. Should the share price now exceed such a point, movement toward an initial 284p looks quite possible. Our longer term secondary, if such a level is bettered, now works out at 337p. For the longer term, closure above 284p is liable to be game changing, exceeding the pre-Covid high, along with a bunch of other glass ceiling highs at this level since 2019.

Conversely, if the market discovers an excuse to now trade NWG below 243p, reversal to an initial 228p now looks possible with secondary, if broken, down at a less likely (aside from the visuals) 198p.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
4:20:16PM BRENT 76.86 75.18 74.865 73.95 76.47 77.58 77.94 78.86 76.35
4:21:28PM GOLD
4:43:34PM GERMANY 14325 14265 14234 14183 14360 14387 14461 14545 14307
4:46:50PM US500
9/12/2022 FTSE Closed at 7476 points. Change of 0.05%. Total value traded through LSE was: £ 4,940,691,101 a change of -3.99%
8/12/2022 FTSE Closed at 7472 points. Change of -0.23%. Total value traded through LSE was: £ 5,146,170,093 a change of -10.96%
7/12/2022 FTSE Closed at 7489 points. Change of -0.43%. Total value traded through LSE was: £ 5,779,316,344 a change of 0.25%
6/12/2022 FTSE Closed at 7521 points. Change of -0.61%. Total value traded through LSE was: £ 5,764,980,013 a change of 13.53%
5/12/2022 FTSE Closed at 7567 points. Change of 0.15%. Total value traded through LSE was: £ 5,078,150,606 a change of 13.07%
2/12/2022 FTSE Closed at 7556 points. Change of -0.03%. Total value traded through LSE was: £ 4,491,031,065 a change of -9.42%
1/12/2022 FTSE Closed at 7558 points. Change of -0.2%. Total value traded through LSE was: £ 4,958,235,310 a change of -42.03%

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:AML Aston Martin** **LSE:ASC Asos** **LSE:AZN Astrazeneca** **LSE:BP. BP PLC** **LSE:HSBA HSBC** **LSE:IDS International Distribution** **LSE:IHG Intercontinental Hotels Group** **

********

Updated charts published on : Aston Martin, Asos, Astrazeneca, BP PLC, HSBC, International Distribution, Intercontinental Hotels Group,

LSE:AML Aston Martin. Close Mid-Price: 160.45 Percentage Change: + 9.90% Day High: 161.65 Day Low: 139.6

In the event of Aston Martin enjoying further trades beyond 161.65, the s ……..

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LSE:ASC Asos. Close Mid-Price: 585 Percentage Change: + 1.47% Day High: 593.5 Day Low: 571.5

Continued weakness against ASC taking the price below 571.5 calculates as ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 11354 Percentage Change: + 0.34% Day High: 11396 Day Low: 11266

Continued trades against AZN with a mid-price ABOVE 11396 should improve ……..

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LSE:BP. BP PLC Close Mid-Price: 461.95 Percentage Change: -0.43% Day High: 464.05 Day Low: 455

This is doing very little but now below 455 looks capable of an initial 44 ……..

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LSE:HSBA HSBC. Close Mid-Price: 496.2 Percentage Change: + 0.18% Day High: 498.35 Day Low: 493.6

Now above 511 should prove useful, giving the potential of an initial 525 ……..

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LSE:IDS International Distribution. Close Mid-Price: 212.6 Percentage Change: + 0.90% Day High: 213.2 Day Low: 209.2

Below 190 risks triggering reversal to 171 with secondary, if broken, at a ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4986 Percentage Change: + 4.05% Day High: 4993 Day Low: 4863

Target met. Further movement against Intercontinental Hotels Group ABOVE ……..

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