FTSE for FRIDAY (FTSE:UKX) & S&P 500 Thoughts

#FTSE #SP500

 

Upsets come in many forms and rarely can we know the direction the next problem is coming from. The forest, at the top of our garden, provided something new to consider. We’ve a couple of LED light bars which are sealed inside old 2 litre cola bottles. The low voltage lights, powered by redundant mobile phone chargers, are literally chucked on the forest floor with 20 metres of thin power cable leading to the tough, weatherproof, electrical supply box. Any animal chewing the cable is unlikely to be harmed by the 3,3v supply for the green and blue light bottles which cast a pleasant glow in the trees.

However, seeing our clever waterproof lights suddenly moving around at night provoked a panic. A group of three Roe Deer were investigating, one with blue light over its head, another holding the green light in its mouth. The animals had clearly figured out the clear bottles were not edible, not dangerous, but could provide a source of entertainment. Realising an epic photograph was possible, it only took a move toward the house for an insignificant silent stampede to commence as the animals took flight. Thankfully, the lights were undamaged, resuming their usual position on the forest floor, another completely unexpected encounter with Argyll’s wildlife over and, as usual, without even a terrible snapshot from a mobile phone.

 

Obviously, “expecting the unexpected” should be the official mantra for stock markets worldwide. At present, our inclination is to anticipate trouble from North America, the S&P 500 and Wall St both giving early signs for potential trouble. Balancing against this, the UK and Europe appear to be surprisingly strong, following their own trend rather than slavishly adhering to the USA.

Currently, the S&P 500 is trading around 3980 points, needing above 4300 points for us to suggest something along the lines of “we no longer thing it’s going to drop, just go long and you may pick up over 500 points along the way!”. Unfortunately, from a charty viewpoint, it seems possible the market is also aware of the pickle it’s got itself into and is trying to avoid blindly heading into a zone where good times look very possible.

Instead, it’s now the case where below 3700 points calculates with the potential of reversal to 3300 points with secondary, if broken, at 2958 points. All the S&P needs is its own family of Roe Deer to stumble along and cause some havoc.

FTSE for Friday.  As mentioned earlier, the FTSE appears surprisingly strong, when compared against North America. Despite the last couple of weeks proving as decisive as myself when viewing a takeaway menu (before opting for my usual), there is something fairly important which can be spotted with market movements. As the two insets show, for some reason the immediate Red uptrend since October last year has been deemed inviolate, the market refusing to allow the FTSE to close below the trend. It makes us suspect we’ve been witnessing a slowdown, rather than warning of potential FTSE reversals.

The immediate situation therefore appears quite promising as above 7955 points should now make an attempt at an initial 7989 points. Our longer term secondary target calculates at 8033 points. If this scenario triggers, visually the tightest stop appears to be at 7900 points.

If things intend go a little wrong, below 7878 could easily trigger reversal to an initial 7858 with secondary, if broken, at 7795 points and hopefully a rebound.

 

Have a good weekend and, if you’re a glutton for punishment, remember the first Grand Prix of the season is taking place in Bahrain

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:36:25PM BRENT 84.44 78.84 71.12 87.51 89.38 93.375 83 Big Pic
9:44:43PM GOLD 1836 1803 1758 1847 1848 1866 1818 Big Pic
9:48:19PM FTSE 7966.24 7932 7921 7953 7971 8021 7921 Long=Big
9:51:04PM STOX50 4267 4225 4214 4245 4267 4278 4249 ‘cess
9:53:33PM GERMANY 15382.72 15296 15257 15335 15394 15501 15318
9:55:49PM US500 3981.37 3963 3954 3975 3991 3995 3976
9:58:27PM DOW 32982 32737 32673 32972 33076 33127 32904 Success
10:00:41PM NASDAQ 12036.5 11807 11738 11921 12077 12088 12001 Success
10:03:06PM JAPAN 27700 27522 27474 27638 27735 27818 27560 Success

 

2/03/2023 FTSE Closed at 7944 points. Change of 34.33%. Total value traded through LSE was: £ 6,861,176,489 a change of -1.62%
1/03/2023 FTSE Closed at 5914 points. Change of -24.91%. Total value traded through LSE was: £ 6,974,404,128 a change of -21.96%
28/02/2023 FTSE Closed at 7876 points. Change of -0.74%. Total value traded through LSE was: £ 8,937,075,687 a change of 69.5%
27/02/2023 FTSE Closed at 7935 points. Change of 0.72%. Total value traded through LSE was: £ 5,272,651,300 a change of -17.32%
24/02/2023 FTSE Closed at 7878 points. Change of -0.37%. Total value traded through LSE was: £ 6,377,185,346 a change of 16.01%
23/02/2023 FTSE Closed at 7907 points. Change of -0.29%. Total value traded through LSE was: £ 5,497,114,036 a change of -4.82%
22/02/2023 FTSE Closed at 7930 points. Change of -0.59%. Total value traded through LSE was: £ 5,775,714,264 a change of -17.45%

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:CPI Capita** **LSE:EMG MAN** **LSE:IAG British Airways** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **

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Updated charts published on : Astrazeneca, Capita, MAN, British Airways, Ocado Plc, Oxford Instruments,

LSE:AZN Astrazeneca. Close Mid-Price: 10864 Percentage Change: + 0.44% Day High: 10856 Day Low: 10752

If Astrazeneca experiences continued weakness below 10750, it will invaria ……..

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LSE:CPI Capita. Close Mid-Price: 34.86 Percentage Change: + 19.71% Day High: 34.9 Day Low: 29.2

Target met. Further movement against Capita ABOVE 34.9 should improve acc ……..

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LSE:EMG MAN. Close Mid-Price: 286.8 Percentage Change: + 2.80% Day High: 287.2 Day Low: 279

Target met. Further movement against MAN ABOVE 287.2 should improve accel ……..

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LSE:IAG British Airways Close Mid-Price: 151.24 Percentage Change: -1.60% Day High: 154.26 Day Low: 151.02

Weakness on British Airways below 151.02 will invariably lead to 147 nex ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 526.6 Percentage Change: -0.57% Day High: 534 Day Low: 513.8

Target met. In the event Ocado Plc experiences weakness below 513.8 it ca ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2625 Percentage Change: + 1.74% Day High: 2630 Day Low: 2565

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

Will Cellular Goods (LSE:CBX) get high?

#Gold #Japan

Inevitably, when a company manages to star in the list of top risers, we invariably check if a news report mentioning a Goose and Golden Eggs is featured. However, for Cellular Goods, there was nothing, thankfully not even a “We know of no reason for…” news release by the company. Maybe in this instance, something is actually happening as their share price decline has proven quite disappointing, the blame inevitably easily laid with the UK Govt.  The unhelpful UK attitude in allowing promotion of cannabis based products, products where any personal experience tends turn folk into true believers certainly did no favours for CBX.L, a real company with some really effective products. Already a devotee of something called CBD Oil, discovered during chemotherapy (not the faux hemp based product sold by Semichem etc), the writer hoped Cellular Goods, backed by Beckham, would be the one to make the breakthrough to mainstream acceptance.

Perhaps news Twitter are easing their blinkered approach to advertising from the medical cannabis sector shall prove to be the reason for the 41% rise in share price. From the feel of share price movements during 1st March, some real hope felt possible as there wasn’t the usual massive spread, indicative of a pump & dump scam being fed from an internet chatroom. In fact, as the afternoon proceeded, everything almost felt genuine when viewing the mid-price against the Buy/Sell prices since noon. Still, this is the UK stock market and crossing ones fingers remains a tried and tested technical term. It doesn’t work, just gives the nervous trader something else to think about!

 

For light relief, we drew a lot of lines on the chart in an attempt to decide if the share price is actually reacting to a trend. This appears to be the case as, should we draw a trend since March of last year, the share exceeded the Blue line last week. Now, allegedly armed with a Cellular Goods lotion to hopefully ease the pain of the dreadful price drop during January and February, it’s easy to extrapolate some reasonable growth potentials for the future.

Currently trading around 1.1p, our software suggests the share price needs to actually close above 1.55p to be viewed as triggering movement to an initial 2.20p with secondary, if bettered, a more encouraging 3p. Visually, there’s an almost certain expectation of hesitation around the 3p level, if only due to the bunch of folk trapped in the share since the high of last August, opting to bail at break even and introducing selling pressure.

At this level, things get interesting according to our software.

If CBX.L discover an excuse for the share price to close a session above 3p, things move into Big Picture calculation territory, a period where lots of targets become available due to the Big Picture presenting a surprising 7.6p as a major ambition for the distant future.

 

Should everything decide to go horribly wrong, the share currently needs close a session below roughly 0.664p. This would be a seriously bad thing, worse than getting sand in your pain relief cream…

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:47:42PM BRENT 84.36 ‘cess
9:51:25PM GOLD 1837.44 1829 1824 1817 1839 1845 1848 1862 1829 Success
9:53:50PM FTSE 7941 Success
9:55:51PM STOX50 4231.9 ‘cess
9:58:00PM GERMANY 15337 Shambles
10:06:29PM US500 3957 ‘cess
10:08:18PM DOW 32826.5 ‘cess
10:22:03PM NASDAQ 11959.37 ‘cess
10:23:50PM JAPAN 27474 27377 27308 27226 27511 27554 27608 27711 27419

 

01/03/2023 FTSE Closed at 7914 points. Change of 0.50%. Total value traded through LSE was: £ 6,974,404,128 a change of -21.96%
28/02/2023 FTSE Closed at 7876 points. Change of -0.74%. Total value traded through LSE was: £ 8,937,075,687 a change of 69.5%
27/02/2023 FTSE Closed at 7935 points. Change of 0.72%. Total value traded through LSE was: £ 5,272,651,300 a change of -17.32%
24/02/2023 FTSE Closed at 7878 points. Change of -0.37%. Total value traded through LSE was: £ 6,377,185,346 a change of 16.01%
23/02/2023 FTSE Closed at 7907 points. Change of -0.29%. Total value traded through LSE was: £ 5,497,114,036 a change of -4.82%
22/02/2023 FTSE Closed at 7930 points. Change of -0.59%. Total value traded through LSE was: £ 5,775,714,264 a change of -17.45%
21/02/2023 FTSE Closed at 7977 points. Change of -0.46%. Total value traded through LSE was: £ 6,996,845,952 a change of 263.69%

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:AZN Astrazeneca** **LSE:CBX Cellular Goods** **LSE:EMG MAN** **LSE:FOXT Foxtons** **LSE:IPF International Personal Finance** **LSE:ITRK Intertek** **LSE:OCDO Ocado Plc** **LSE:RR. Rolls Royce** **

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Updated charts published on : Aston Martin, Astrazeneca, Cellular Goods, MAN, Foxtons, International Personal Finance, Intertek, Ocado Plc, Rolls Royce,

LSE:AML Aston Martin. Close Mid-Price: 207.6 Percentage Change: + 3.23% Day High: 245 Day Low: 205

Target met. All Aston Martin needs are mid-price trades ABOVE 245 to impr ……..

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LSE:AZN Astrazeneca Close Mid-Price: 10816 Percentage Change: -0.59% Day High: 10896 Day Low: 10788

If Astrazeneca experiences continued weakness below 10788, it will invari ……..

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LSE:CBX Cellular Goods. Close Mid-Price: 1.1 Percentage Change: + 41.94% Day High: 1.25 Day Low: 0.78

Target met. In the event of Cellular Goods enjoying further trades beyond ……..

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LSE:EMG MAN. Close Mid-Price: 279 Percentage Change: + 5.05% Day High: 279.6 Day Low: 263.8

Target met. In the event of MAN enjoying further trades beyond 279.6, the ……..

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LSE:FOXT Foxtons. Close Mid-Price: 39.8 Percentage Change: + 2.05% Day High: 40.1 Day Low: 39.6

All Foxtons needs are mid-price trades ABOVE 40.1 to improve acceleration ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 111.2 Percentage Change: + 15.83% Day High: 113.8 Day Low: 102

Target met. Continued trades against IPF with a mid-price ABOVE 113.8 sho ……..

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LSE:ITRK Intertek Close Mid-Price: 4162 Percentage Change: -0.29% Day High: 4215 Day Low: 4112

Weakness on Intertek below 4112 will invariably lead to 3860 with seconda ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 529.6 Percentage Change: -3.50% Day High: 554.8 Day Low: 530.8

If Ocado Plc experiences continued weakness below 530.8, it will invariab ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 148.42 Percentage Change: + 2.40% Day High: 149.36 Day Low: 143.86

In the event of Rolls Royce enjoying further trades beyond 149.36, the sh ……..

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

Blackrock World Mining (LSE:BRWM) in Christmas lights

#FTSE #Stoxx50

When we ran the numbers on Blackrock last year, we suggested it needed exceed 631p to achieve an eventual 717p as our secondary target. This was all triggered, done and dusted, before the Xmas decorations vanished in January. Except for one house, locally, where the owners appear to have decided the white lights woven through their fence and garden bushes improved everything. They’ve ditched anything ‘Christmassy’ with their lighting but come December, they shall only need hang up a couple of Holly garlands.

It almost feels wrong to admit they are probably right, so much so we’re considering springing some lights on our cherry blossom tree before the thing decides to bloom. This tree takes the opportunity to grace our front garden with blooms for a few weeks, then just looks disappointing when the pink display falls to the grass. As last week came to an end, we were convinced it was Spring here in Argyll, daffodils ready to bloom, grass making twitching noises. But over the last few days, in addition to the most amazing Aurora Borealis display, we also experienced sub-zero temperatures, everything frozen solid by midnight in a thick white frost. Thanks to the mountain in our back garden, the Borealis couldn’t be seen and going for a drive on icy roads at midnight for a view North which didn’t have a mountain in the way wasn’t appealing.

 

Returning to Blackrock, the immediate situation for their share price looks like it also has the potential for a hard frost, needing only below 680p to risk triggering reversal to an initial 615p with our secondary, if this level breaks, calculating at 553p and hopefully a proper bounce.

However, our inclination is to take some hope from the way in which the share price exceeded our recent 717p target, especially as it implies strength.

Now above 749p should prove capable of a lift to an initial 794p with secondary, if beaten, a longer term 885p and a new all time high. Our expectation would be for the share price to suffer some hesitation at this secondary level, if achieved.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:57:39PM BRENT 83.13 Success
10:00:27PM GOLD 1826.75 Shambles
10:06:00PM FTSE 7873.16 7863 7855 7825 7885 7893 7908 7928 7868 Success
10:11:29PM STOX50 4231 4214 4196 4172 4244 4250 4264 4281 4228 Success
10:14:49PM GERMANY 15358 ‘cess
11:12:13PM US500 3966.92 ‘cess
11:14:41PM DOW 32625.2 Success
11:18:51PM NASDAQ 12020
11:20:40PM JAPAN 27389

 

28/02/2023 FTSE Closed at 7876 points. Change of -0.74%. Total value traded through LSE was: £ 8,937,075,687 a change of 69.5%
27/02/2023 FTSE Closed at 7935 points. Change of 0.72%. Total value traded through LSE was: £ 5,272,651,300 a change of -17.32%
24/02/2023 FTSE Closed at 7878 points. Change of -0.37%. Total value traded through LSE was: £ 6,377,185,346 a change of 16.01%
23/02/2023 FTSE Closed at 7907 points. Change of -0.29%. Total value traded through LSE was: £ 5,497,114,036 a change of -4.82%
22/02/2023 FTSE Closed at 7930 points. Change of -0.59%. Total value traded through LSE was: £ 5,775,714,264 a change of -17.45%
21/02/2023 FTSE Closed at 7977 points. Change of -0.46%. Total value traded through LSE was: £ 6,996,845,952 a change of 263.69%
20/02/2023 FTSE Closed at 8014 points. Change of 0.12%. Total value traded through LSE was: £ 1,923,863,385 a change of -74.93%

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:CNA Centrica** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:ITRK Intertek** **LSE:OCDO Ocado Plc** **LSE:RR. Rolls Royce** **LSE:STAN Standard Chartered** **LSE:TSCO Tesco** **

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Updated charts published on : Block Energy PLC, Centrica, Empyrean, MAN, Intertek, Ocado Plc, Rolls Royce, Standard Chartered, Tesco,

LSE:BLOE Block Energy PLC Close Mid-Price: 0.95 Percentage Change: -9.52% Day High: 1.05 Day Low: 0.95

If Block Energy PLC experiences continued weakness below 0.95, it will in ……..

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LSE:CNA Centrica. Close Mid-Price: 105.15 Percentage Change: + 0.81% Day High: 107.15 Day Low: 104.1

Target met. Further movement against Centrica ABOVE 107.15 should improve ……..

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LSE:EME Empyrean Close Mid-Price: 1.2 Percentage Change: -4.00% Day High: 1.12 Day Low: 1.12

Weakness on Empyrean below 1.12 will invariably lead to 0.87 with seconda ……..

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LSE:EMG MAN. Close Mid-Price: 265.6 Percentage Change: + 8.72% Day High: 270.4 Day Low: 251.8

Target met. Continued trades against EMG with a mid-price ABOVE 270.4 sho ……..

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LSE:ITRK Intertek Close Mid-Price: 4174 Percentage Change: -4.57% Day High: 4435 Day Low: 4156

If Intertek experiences continued weakness below 4156, it will invariably ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 548.8 Percentage Change: -12.16% Day High: 628.8 Day Low: 549.6

Target met. Weakness on Ocado Plc below 549.6 will invariably lead to 518 ……..

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LSE:RR. Rolls Royce Close Mid-Price: 144.94 Percentage Change: -0.04% Day High: 147.54 Day Low: 143

Continued trades against RR. with a mid-price ABOVE 147.54 should improve ……..

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LSE:STAN Standard Chartered Close Mid-Price: 784.2 Percentage Change: -0.43% Day High: 799.4 Day Low: 777

In the event of Standard Chartered enjoying further trades beyond 799.4, ……..

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LSE:TSCO Tesco. Close Mid-Price: 255 Percentage Change: + 0.31% Day High: 257 Day Low: 252.3

In the event of Tesco enjoying further trades beyond 257, the share shoul ……..

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

Gold updated (PM:XAUUSD), ready to shine again?

#Gold #SP500

We’re long time fans of the Gold Rush TV franchise on Discovery, faithfully tuning in every week to fast forward through any segments which involve “Freds Crew”, the “Hoffman Crew” or “The Kelly Crew” on Bering Sea gold. This avoidance ritual is fairly easily explained, the Discovery producers tending allocate time to some mining crews  who couldn’t find water in an ocean.

The idiot value of some gold miners cannot be overstated. On Gold Rush, one group of miners recently completed a weeks digging and sifting, discovering absolutely nothing in the process. Had any thought been given to actually testing their bucket loads of dirt – like real miners do – the results would have been quite different. Or on Bering Sea Gold, the “Kelly Crew”, this year armed with an enormous dredge and digger, actually achieved substantially less gold than an experienced, pregnant, female miner. Once again, what separated the crews was some basic intelligence, getting advice and testing the results. Thankfully now absent from Gold Rush, the “Hoffman Crew” were notorious as the miners who decided to dig deep, perhaps because they liked the colour of wild flowers on the ground above. Over the years, the story ending is always the same, the incompetent crews run out of money, presumably due to the producers stopping paying them for entertainment value.

Our own garden stream now boasts a handmade device near the bottom of the waterfall, the aim being for tons of gold to become trapped in a bottom layer of carpet as the water rushes through. Despite watching Gold Rush for around 10 years, the first iteration of my personal gold trap vanished, following its first battle with heavy water flow. The current version resides further away from the water fall and around once every few weeks, the hairy carpet is squeezed out to disgorge a load of invisible gold, calling into question my original efforts at panning for gold in the quartz and iron mineral laden stream. Perhaps a couple of tiny flakes of gold, each roughly the size of a politicians integrity, did not prove anything for the stream which makes its way down from a fresh water well, roughly 500 feet up the mountain. Then again, our Gold trap cost absolutely nothing to operate or buy, and hope always springs eternal, as they say.

 

Our previous look at Gold last December proved remarkably successful, the price triggering and climbing above 1805 dollars to our 1901 dollar target. This time around, we’re not quite as confident as to the approaching direction for the price of Gold.

The immediate situation suggests weakness below 1807 dollars should provoke a slight meltdown to an initial 1765 with secondary, if broken, at 1698 dollars. If triggered, the tightest stop loss level calculates around $1822. Visually, the immediate cycle looks perfectly capable of making an attempt at the 1700 dollar level, a point where we suspect a bounce should occur.

What happens if the price of Gold bubbles up above $1822?

Such a scenario currently presents the potential of a lift to a surprising 1848 dollars with our longer term secondary, if bettered, working out at $1888. As we said earlier, at present we’ve no great confidence the market itself even has a clue to real direction and arithmetically, we find it easy to jump on this bandwagon.

 

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:38:34PM BRENT 82.1
9:40:08PM GOLD 1817.38 1806 1802 1787 1820 1820 1825 1832 1809
9:42:08PM FTSE 7945.71 Success
9:44:26PM STOX50 4255.9 Success
10:05:00PM GERMANY 15421 ‘cess
10:11:34PM US500 3986 3976 3964 3946 3987 4018 4026 4038 3995 Success
10:13:48PM DOW 32910 Success
10:16:23PM NASDAQ 12070.7 Success
10:18:46PM JAPAN 27525 ‘cess

 

27/02/2023 FTSE Closed at 7935 points. Change of 0.72%. Total value traded through LSE was: £ 5,272,651,300 a change of -17.32%
24/02/2023 FTSE Closed at 7878 points. Change of -0.37%. Total value traded through LSE was: £ 6,377,185,346 a change of 16.01%
23/02/2023 FTSE Closed at 7907 points. Change of -0.29%. Total value traded through LSE was: £ 5,497,114,036 a change of -4.82%
22/02/2023 FTSE Closed at 7930 points. Change of -0.59%. Total value traded through LSE was: £ 5,775,714,264 a change of -17.45%
21/02/2023 FTSE Closed at 7977 points. Change of -0.46%. Total value traded through LSE was: £ 6,996,845,952 a change of 263.69%
20/02/2023 FTSE Closed at 8014 points. Change of 0.12%. Total value traded through LSE was: £ 1,923,863,385 a change of -74.93%
17/02/2023 FTSE Closed at 8004 points. Change of -0.1%. Total value traded through LSE was: £ 7,672,519,841 a change of 57.8%

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:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **LSE:CBX Cellular Goods** **LSE:FRES Fresnillo** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:STAN Standard Chartered** **LSE:TSCO Tesco** **

********

Updated charts published on : BALFOUR BEATTY, Block Energy PLC, Cellular Goods, Fresnillo, Rolls Royce, Sainsbury, Standard Chartered, Tesco,

LSE:BBY BALFOUR BEATTY. Close Mid-Price: 370.8 Percentage Change: + 1.53% Day High: 372.2 Day Low: 365.2

Further movement against BALFOUR BEATTY ABOVE 372.2 should improve accele ……..

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LSE:BLOE Block Energy PLC Close Mid-Price: 1.05 Percentage Change: -4.55% Day High: 1.1 Day Low: 1.05

Continued weakness against BLOE taking the price below 1.05 calculates as ……..

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LSE:CBX Cellular Goods. Close Mid-Price: 0.78 Percentage Change: + 19.23% Day High: 0.78 Day Low: 0.65

Continued trades against CBX with a mid-price ABOVE 0.78 should improve t ……..

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LSE:FRES Fresnillo Close Mid-Price: 763.8 Percentage Change: -0.65% Day High: 775.4 Day Low: 756

Target met. Weakness on Fresnillo below 756 will invariably lead to 747 w ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 145 Percentage Change: + 6.59% Day High: 144.9 Day Low: 139.12

All Rolls Royce needs are mid-price trades ABOVE 144.9 to improve acceler ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 271.2 Percentage Change: + 3.12% Day High: 272.2 Day Low: 264.2

Continued trades against SBRY with a mid-price ABOVE 272.2 should improve ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 787.6 Percentage Change: + 2.13% Day High: 795.6 Day Low: 769.8

Target met. All Standard Chartered needs are mid-price trades ABOVE 795.6 ……..

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LSE:TSCO Tesco. Close Mid-Price: 254.2 Percentage Change: + 2.96% Day High: 255.7 Day Low: 245.9

All Tesco needs are mid-price trades ABOVE 255.7 to improve acceleration ……..

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

Barclays Plc (LSE:BARC), will it ever be spring?  

#Brent #Nasdaq

The grass has started growing here in Argyll, always worrying as the onset of spring invariably provokes the need to service our little tractor. Worse than foliage, pools in the forest are coated with frog-spawn, unseasonably early, a good summer ahead as clever frogs avoid their breeding ground drying out in good weather. Finally, Barclays opted to establish a £1.2bn bonus pot, so of course their share price dropped like a stone on February 15th.

All kidding aside, over the years we’ve notice the markets invariably “feel” better in good weather, probably because there is nothing to beat a doze of sunshine for provoking a feel good factor amongst traders. Alas, for Barclays, we have concerns!

 

The Blue line on the chart dates back to 2007. As trends go, it certainly appears to be valid, the market manipulating Barclays share price below this trend in a hysterical movement celebrating essentially nothing. The company CFO mentioned pre-tax profits would have been up 9%, had there not been a need to increase the amount of money tucked under the banks mattress to cover a ‘potential’ rise in Covid load defaults. With distinctly unsporting behaving, she also mentioned;

So we are not seeing increases in arrears. If anything, they are lower than they were, and very stable.

There was quite a lot about Barclays share price drop (circled) which failed to make sense, leaving us with a distinct suspicion it’s just not the banking sectors turn to experience positive movement. A contrived drop to force the share price below a 16 year old trend felt just a little silly. We believe the next problem shall arise, should Barclays close a session below 169p as ongoing reversal to 160p looks very possible with our secondary, and hopeful bounce point, working out at 150p.

Our converse scenario, if any miracles are scheduled, comes if the bank share manages to close a session above Blue (179p presently) as movement to 196p calculates as possible with our secondary working out at a visually pleasing 218p and almost certain hesitation.

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
9:29:29PM BRENT 82.93 81.26 80.335 79.09 82.99 83.14 83.88 85.08 82.06
9:31:52PM GOLD 1811.13 1818
9:33:36PM FTSE 7918.99 7895
9:35:05PM STOX50 4201.3 4196
9:36:53PM GERMANY 15237 15318
9:39:09PM US500 3974.52 3967
9:46:51PM DOW 32867 32742
9:48:46PM NASDAQ 11981.6 11896 11879 11760 12016 12017 12043 12092 11919
9:50:18PM JAPAN 27345 27307

 

24/02/2023 FTSE Closed at 7878 points. Change of -0.37%. Total value traded through LSE was: £ 6,377,185,346 a change of 16.01%
23/02/2023 FTSE Closed at 7907 points. Change of -0.29%. Total value traded through LSE was: £ 5,497,114,036 a change of -4.82%
22/02/2023 FTSE Closed at 7930 points. Change of -0.59%. Total value traded through LSE was: £ 5,775,714,264 a change of -17.45%
21/02/2023 FTSE Closed at 7977 points. Change of -0.46%. Total value traded through LSE was: £ 6,996,845,952 a change of 263.69%
20/02/2023 FTSE Closed at 8014 points. Change of 0.12%. Total value traded through LSE was: £ 1,923,863,385 a change of -74.93%
17/02/2023 FTSE Closed at 8004 points. Change of -0.1%. Total value traded through LSE was: £ 7,672,519,841 a change of 57.8%
16/02/2023 FTSE Closed at 8012 points. Change of 0.19%. Total value traded through LSE was: £ 4,862,026,417 a change of -10.79%

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:AV. Aviva** **LSE:FRES Fresnillo** **LSE:IAG British Airways** **LSE:RR. Rolls Royce** **LSE:TRN The Trainline** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Aviva, Fresnillo, British Airways, Rolls Royce, The Trainline, Zoo Digital,

LSE:AV. Aviva. Close Mid-Price: 440 Percentage Change: + 0.16% Day High: 443 Day Low: 439.1

Now below just 434 looks capable of reversal to an initial 420 with second ……..

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LSE:FRES Fresnillo Close Mid-Price: 768.8 Percentage Change: -0.90% Day High: 780.8 Day Low: 767.4

If Fresnillo experiences continued weakness below 767.4, it will invariab ……..

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LSE:IAG British Airways Close Mid-Price: 154.76 Percentage Change: -6.46% Day High: 170.62 Day Low: 152.02

This is looking a bit risky as weakness below 152 indicates the potential ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 136.04 Percentage Change: + 2.21% Day High: 142.32 Day Low: 129.9

Further movement against Rolls Royce ABOVE 142.32 should improve accelera ……..

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LSE:TRN The Trainline. Close Mid-Price: 246 Percentage Change: + 2.24% Day High: 246 Day Low: 237.2

Continued weakness against TRN taking the price below 237.2 calculates as ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 198.5 Percentage Change: + 3.12% Day High: 202.5 Day Low: 192.5

Target met. Continued trades against ZOO with a mid-price ABOVE 202.5 sho ……..

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View Previous Zoo Digital & Big Picture ***

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

FTSE for Friday (FTSE:UKX) looking positive

#FreeFTSE #GOLD

It has been a pretty foul week for the market, insofar as very little has really been happening. Locally, it’s proving more fun watching the Scottish political scene, the fallout over Sturgeons departure causing utter panic amongst her appalling cult of followers. It’s not quite a circular firing squad, instead more akin to a bunch of folk wearing clown costumes trying to shift their collective blame onto anyone else, even voters now being accused of being “out of touch”. The shambles almost makes the days of Boris in Downing St seem quite professional.

And of course, when you add the spice of £600,000 going missing from Sturgeons party piggy bank, a police investigation into the missing money, now with apparent links into the attempt to frame Mr Salmond, the resignation of a Chief Constable, it all appears destined to fizzle out as some of the theories dominating social media are a bit outlandish, though utterly delicious. Scotland can be a funny old place with doubtless a few ‘super-injunctions’ now being drafted in a bit of a panic.

 

However, as far as the stock market goes, all we’ve got is a little FTSE chart to promote any attempt at humour.

Currently, above 7938 should apparently make an attempt at 7985 points with our secondary, if bettered, working out at a visually unlikely 8083 points, along with a new all time high. If triggered, the tightest stop loss level looks like a reasonable 7910 points.

Our alternate scenario, if the world intends fall apart, suggests weakness below 7886 should threaten imminent reversal to an initial 7851 points with our secondary, if this initial target breaks, working out at 7796 points. If triggered, the tightest sane stop looks like 7936 points, certainly sufficiently wide to justify the depth of movement.

 

Perhaps more importantly, questions are being asked in Scotland where are all the clowns cars? It’s almost been forgotten that they’re making their way to Bahrain for the Grand Prix in a weeks time, the inaugural race of 2023. Hopefully this years winner shall not be tainted by a third year of scandal.

Have a good weekend.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:58:25PM BRENT 82.32 80.28 79.17 82 82.46 82.64 81.6 Success
11:01:24PM GOLD 1823.76 1817 1813 1830 1834 1838 1822 ‘cess
11:03:29PM FTSE 7935.12 7890 7870 7925 7949 7962 7909 Shambles
11:05:06PM STOX50 4280.2 4246 4230 4272 4284 4292 4246 ‘cess
11:07:09PM GERMANY 15518 15429 15383 15505 15554 15598 15460 Success
11:09:00PM US500 4009.42 3969 3950 4013 4029 4048 3998 Shambles
11:15:13PM DOW 33117.2 32788 32758 33118 33280 33434 33080 ‘cess
11:17:31PM NASDAQ 12157 12000 11911 12114 12235 12330 12120
11:19:33PM JAPAN 27203 27014 26910 27145 27257 27359 27124 ‘cess

 

23/02/2023 FTSE Closed at 7907 points. Change of -0.29%. Total value traded through LSE was: £ 5,497,114,036 a change of -4.82%
22/02/2023 FTSE Closed at 7930 points. Change of -0.59%. Total value traded through LSE was: £ 5,775,714,264 a change of -17.45%
21/02/2023 FTSE Closed at 7977 points. Change of -0.46%. Total value traded through LSE was: £ 6,996,845,952 a change of 263.69%
20/02/2023 FTSE Closed at 8014 points. Change of 0.12%. Total value traded through LSE was: £ 1,923,863,385 a change of -74.93%
17/02/2023 FTSE Closed at 8004 points. Change of -0.1%. Total value traded through LSE was: £ 7,672,519,841 a change of 57.8%
16/02/2023 FTSE Closed at 8012 points. Change of 0.19%. Total value traded through LSE was: £ 4,862,026,417 a change of -10.79%
15/02/2023 FTSE Closed at 7997 points. Change of 0.55%. Total value traded through LSE was: £ 5,450,342,646 a change of -0.23%

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:GENL Genel** **LSE:HIK Hikma** **LSE:OPG OPG Power Ventures** **LSE:PMG Parkmead** **LSE:RR. Rolls Royce** **LSE:TLW Tullow** **

********

Updated charts published on : Genel, Hikma, OPG Power Ventures, Parkmead, Rolls Royce, Tullow,

LSE:GENL Genel. Close Mid-Price: 122.6 Percentage Change: + 0.00% Day High: 125 Day Low: 121.2

Weakness on Genel below 121.2 will invariably lead to 120 with secondary, ……..

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LSE:HIK Hikma Close Mid-Price: 1718 Percentage Change: -2.02% Day High: 1861 Day Low: 1695

Target met. All Hikma needs are mid-price trades ABOVE 1861 to improve ac ……..

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LSE:OPG OPG Power Ventures. Close Mid-Price: 9.22 Percentage Change: + 5.98% Day High: 9.25 Day Low: 8.7

Further movement against OPG Power Ventures ABOVE 9.25 should improve acc ……..

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LSE:PMG Parkmead Close Mid-Price: 40.5 Percentage Change: -2.41% Day High: 41.8 Day Low: 39

If Parkmead experiences continued weakness below 39, it will invariably l ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 133.1 Percentage Change: + 23.68% Day High: 134.68 Day Low: 118

Target met. All Rolls Royce needs are mid-price trades ABOVE 134.68 to im ……..

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LSE:TLW Tullow. Close Mid-Price: 33.3 Percentage Change: + 1.09% Day High: 34 Day Low: 32.02

In the event Tullow experiences weakness below 32.02 it calculates with a ……..

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

Jet2 Plc (LSE:JET2), a shining star

#Gold #WallSt

With idle curiosity and a touch of sardonic humour, news of a budget airline called Wizz Air coming bottom in customer ratings for short-haul flights in Europe, actually worse than Ryanair and British Airways, prompted a look at the table of customer service results. It was a surprise to note Jet2 Plc topped the vote with a 5 star rating. We’d incorrectly assumed the UK’s second largest travel operator would be found in the mid-range, suffering from an inevitable malaise of size.  But instead, the company appear to one customers return to, again and again.

 

There are early signs the share price is poised to become interesting.

The share price has exceeded the downtrend since 2021, laying the foundations for some positive movement as it looks like it only need exceed 1292p to hopefully trigger movement to an initial 1429p, an ambition which makes a lot of visual sense. With closure above 1429p, we’re able to calculate a longer term 1757p, a new high since the company rebranded from Dart to Jet2 back in 2020.

 

For everything to go wrong, perhaps conceding pandemic fears remain, the share price needs close a session below 1245p as this risks triggering reversals to an initial 1083p with our secondary, if broken, at a probable bottom of 915p. Visually, such an event seems unlikely as we’re fairly optimistic about this share price future.

But will also admit, entering a petri dish such as an airline cabin, remains an abhorrent idea for the writer, personally. It’s going to be likely many folk remain with such a sheltered and paranoid viewpoint, making recovery for airline shares liable to be a long term process.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:18:06PM BRENT 80.37 Success
10:21:16PM GOLD 1824.86 1823 1819 1812 1833 1842 1847 1855 1834 ‘cess
10:23:47PM FTSE 7909 Success
10:26:07PM STOX50 4248.5
10:28:15PM GERMANY 15419.99
10:30:34PM US500 4001.12 ‘cess
10:44:44PM DOW 33082.2 32927 32858 32455 33217 33260 33332 33467 33080 ‘cess
10:46:42PM NASDAQ 12142
10:49:32PM JAPAN 27050 Success

 

22/02/2023 FTSE Closed at 7930 points. Change of -0.59%. Total value traded through LSE was: £ 5,775,714,264 a change of -17.45%
21/02/2023 FTSE Closed at 7977 points. Change of -0.46%. Total value traded through LSE was: £ 6,996,845,952 a change of 263.69%
20/02/2023 FTSE Closed at 8014 points. Change of 0.12%. Total value traded through LSE was: £ 1,923,863,385 a change of -74.93%
17/02/2023 FTSE Closed at 8004 points. Change of -0.1%. Total value traded through LSE was: £ 7,672,519,841 a change of 57.8%
16/02/2023 FTSE Closed at 8012 points. Change of 0.19%. Total value traded through LSE was: £ 4,862,026,417 a change of -10.79%
15/02/2023 FTSE Closed at 7997 points. Change of 0.55%. Total value traded through LSE was: £ 5,450,342,646 a change of -0.23%
14/02/2023 FTSE Closed at 7953 points. Change of 0.08%. Total value traded through LSE was: £ 5,463,158,317 a change of 17.15%

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:CASP Caspian** **LSE:FRES Fresnillo** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **LSE:TRN The Trainline** **

********

Updated charts published on : Asos, BALFOUR BEATTY, Caspian, Fresnillo, Tern Plc, Tullow, The Trainline,

LSE:ASC Asos Close Mid-Price: 810 Percentage Change: -0.98% Day High: 825.5 Day Low: 794.5

If Asos experiences continued weakness below 794.5, it will invariably le ……..

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 360.6 Percentage Change: + 0.17% Day High: 361 Day Low: 357

Now above 368 calculates with the potential of a lift to 395 next with sec ……..

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LSE:CASP Caspian Close Mid-Price: 7.9 Percentage Change: -2.47% Day High: 8.55 Day Low: 7.85

Target met. Further movement against Caspian ABOVE 8.55 should improve ac ……..

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LSE:FRES Fresnillo Close Mid-Price: 779.4 Percentage Change: -1.72% Day High: 787 Day Low: 768.4

Continued weakness against FRES taking the price below 768.4 calculates a ……..

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LSE:TERN Tern Plc Close Mid-Price: 6.88 Percentage Change: -5.17% Day High: 7.25 Day Low: 6.75

In the event Tern Plc experiences weakness below 6.75 it calculates with ……..

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LSE:TLW Tullow Close Mid-Price: 32.94 Percentage Change: -3.12% Day High: 33.56 Day Low: 32.86

If Tullow experiences continued weakness below 32.86, it will invariably ……..

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LSE:TRN The Trainline Close Mid-Price: 240.4 Percentage Change: -1.76% Day High: 249.6 Day Low: 238.5

Target met. Weakness on The Trainline below 238.5 will invariably lead to ……..

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