Ashmore Group Plc and an inspired chocolate sauce…

#Gold #Nasdaq

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

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

 

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

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

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

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

 

FUTURES

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

 

21/12/2022 FTSE Closed at 7497 points. Change of 1.72%. Total value traded through LSE was: £ 4,650,253,463 a change of -20.61%
20/12/2022 FTSE Closed at 7370 points. Change of 0.12%. Total value traded through LSE was: £ 5,857,237,056 a change of 57.46%
19/12/2022 FTSE Closed at 7361 points. Change of 0.4%. Total value traded through LSE was: £ 3,719,802,637 a change of -70.94%
16/12/2022 FTSE Closed at 7332 points. Change of -1.27%. Total value traded through LSE was: £ 12,798,409,041 a change of 152.21%
15/12/2022 FTSE Closed at 7426 points. Change of -0.92%. Total value traded through LSE was: £ 5,074,557,667 a change of -3.77%
14/12/2022 FTSE Closed at 7495 points. Change of -0.09%. Total value traded through LSE was: £ 5,273,114,917 a change of -15.16%
13/12/2022 FTSE Closed at 7502 points. Change of 0.77%. Total value traded through LSE was: £ 6,215,222,839 a change of 28.4%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

THG Plc (LSE:DGE), Xmas cheer from the hut 

#FTSE #Stoxx 

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

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

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

 

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

FUTURES

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

 

20/12/2022 FTSE Closed at 7370 points. Change of 0.12%. Total value traded through LSE was: £ 5,857,237,056 a change of 57.46%
19/12/2022 FTSE Closed at 7361 points. Change of 0.4%. Total value traded through LSE was: £ 3,719,802,637 a change of -70.94%
16/12/2022 FTSE Closed at 7332 points. Change of -1.27%. Total value traded through LSE was: £ 12,798,409,041 a change of 152.21%
15/12/2022 FTSE Closed at 7426 points. Change of -0.92%. Total value traded through LSE was: £ 5,074,557,667 a change of -3.77%
14/12/2022 FTSE Closed at 7495 points. Change of -0.09%. Total value traded through LSE was: £ 5,273,114,917 a change of -15.16%
13/12/2022 FTSE Closed at 7502 points. Change of 0.77%. Total value traded through LSE was: £ 6,215,222,839 a change of 28.4%
12/12/2022 FTSE Closed at 7445 points. Change of -0.41%. Total value traded through LSE was: £ 4,840,427,704 a change of -2.03%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

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

********

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If Block Energy PLC experiences continued weakness below 1.23, it will in ……..

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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.