Author: T&T Staff

Rolls Royce Holdings Plc (LSE:RR.)

One of the trite sayings attributed to Warren Buffet goes along the lines of; “If you’re not willing to buy a share and wait 10 years, don’t dare buying one for just a 10 minute trade!” Blue chip share Rolls Royce is tending prove this statement, many folk assuming the 100p level would prove sacrosanct. Alas, this has not been the case and now, it’s getting as worrying as your next electricity bill.

Whatever is going on with Rolls Royce share price is all very strange. We’d assumed with Covid restrictions easing and jets once again flying, Rolls Royce share price would move in sympathy with the growth in air miles being covered. This assumption has obviously proven incorrect, the share price now trading in a zone where we can calculate an “ultimate bottom” around 24p, this representing a price level below which we cannot calculate.

Additionally, with Rolls Royce creating a new facility in France to produce engines for Dassaults shiny new Falcon 10X flagship, common sense indicated some optimism should enter the marketplace and affect the share price. It didn’t!

And then, there’s the hype around Rolls Royce and their new mini nuclear plants, produced on a modular basis and recently announced as being deployed in the Netherlands as the heart of the countries climate and energy policy for the future. It’s all looking quite exciting for the future, especially as the reactors (just 16 metres by 4 metres) are reckoned to enjoy a lifetime of around 60 years.

Despite this plethora of potentials, we’re pretty far from confident about Rolls Royce share price potentials for the immediate future, the share price requiring to close a session above 84p just to give a modicum of hope for positive movements. In the face of a stock market which feels determined to discover how far down RR can be pushed. Currently, below just 73p calculates with the potential of reversal now to an initial 60p with secondary, if broken, at 54p. Some slight hope can be taken from the close proximity of these target levels as generally, this will signify a zone in which a bounce can be anticipated. The share price requires below 54p to enter the Last Chance Salon, an area with an eventual ridiculous looking 24p awaiting.

What feels distinctly silly is giving such a negative outlook against a company which appears to show strong positives for the future. Perhaps Mr Buffets 10 year rule shall prove firmly embedded in reality.

 

To dwell briefly on the positive side of life, above 84p is supposed to provoke recovery to an initial 92p, exceeding the immediate Blue downtrend. Our secondary, if such a level is bettered, works out at 102p but, our rule of “Higher Highs” takes the price into a zone where a longer term ambition at 149p calculates as very possible.

In summary, we don’t expect a visit to 24p, instead thinking this shall prove worth watching for the 60p area making itself known. Like many shares, it’s currently worth watching but perhaps cover your eyes loosely.

 

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:10:03PM	BRENT	89.53
9:13:41PM	GOLD	1674.38									‘cess
9:16:38PM	FTSE	7199	7175	7162	7123	7206	7260	7278	7319	7224	Success
9:18:46PM	STOX50	3448.3									‘cess
9:24:57PM	GERMANY	12589									Success
9:27:42PM	US500	3779									‘cess
9:30:28PM	DOW	30131									‘cess
9:33:00PM	NASDAQ	11593	11572	11557	11115	11702	11734	11764	11827	11651	‘cess
9:35:33PM	JAPAN	27105									‘cess

 

21/09/2022 FTSE Closed at 7237 points. Change of 0.63%. Total value traded through LSE was: £ 5,887,379,129 a change of 9.29%

20/09/2022 FTSE Closed at 7192 points. Change of -0.61%. Total value traded through LSE was: £ 5,386,737,074 a change of -59.64%

16/09/2022 FTSE Closed at 7236 points. Change of -0.63%. Total value traded through LSE was: £ 13,346,961,271 a change of 170.28%

15/09/2022 FTSE Closed at 7282 points. Change of 0.07%. Total value traded through LSE was: £ 4,938,182,265 a change of -14.27%

14/09/2022 FTSE Closed at 7277 points. Change of -1.46%. Total value traded through LSE was: £ 5,760,077,523 a change of 12.58%

13/09/2022 FTSE Closed at 7385 points. Change of -1.18%. Total value traded through LSE was: £ 5,116,295,478 a change of -13.94%

12/09/2022 FTSE Closed at 7473 points. Change of -100%. Total value traded through LSE was: £ 5,944,877,720 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CBX Cellular Goods** **LSE:DARK Darktrace Plc** **LSE:HIK Hikma** **LSE:IAG British Airways** **LSE:ITRK Intertek** **LSE:JET Just Eat** **LSE:LLOY Lloyds Grp.** **LSE:OCDO Ocado Plc** **LSE:SPX Spirax** **

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Updated charts published on : British Telecom, Carclo, Caspian, Cellular Goods, Darktrace Plc, Hikma, British Airways, Intertek, Just Eat, Lloyds Grp., Ocado Plc, Spirax,

LSE:BT.A British Telecom Close Mid-Price: 135.05 Percentage Change: -1.39% Day High: 137.4 Day Low: 134.05

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LSE:CAR Carclo Close Mid-Price: 16.95 Percentage Change: -4.64% Day High: 0 Day Low: 0

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LSE:CASP Caspian Close Mid-Price: 2.9 Percentage Change: -1.69% Day High: 2.95 Day Low: 2.9

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LSE:CBX Cellular Goods. Close Mid-Price: 2.2 Percentage Change: + 22.22% Day High: 2.45 Day Low: 1.8

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LSE:DARK Darktrace Plc. Close Mid-Price: 353.7 Percentage Change: + 1.38% Day High: 357 Day Low: 341.1

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LSE:HIK Hikma Close Mid-Price: 1210 Percentage Change: -1.71% Day High: 1242.5 Day Low: 1209.5

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LSE:IAG British Airways Close Mid-Price: 104.8 Percentage Change: -3.27% Day High: 106.94 Day Low: 103.92

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LSE:ITRK Intertek. Close Mid-Price: 3877 Percentage Change: + 1.47% Day High: 3871 Day Low: 3797

Target met. If Intertek experiences continued weakness below 3797, it wil ……..

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LSE:JET Just Eat. Close Mid-Price: 1399.6 Percentage Change: + 1.04% Day High: 1405 Day Low: 1329.8

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LSE:LLOY Lloyds Grp. Close Mid-Price: 48.47 Percentage Change: -1.09% Day High: 49.84 Day Low: 47.44

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LSE:OCDO Ocado Plc Close Mid-Price: 575 Percentage Change: -5.18% Day High: 604 Day Low: 574.4

Target met. If Ocado Plc experiences continued weakness below 574.4, it w ……..

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LSE:SPX Spirax. Close Mid-Price: 10360 Percentage Change: + 2.93% Day High: 10400 Day Low: 9928

Weakness on Spirax below 9928 will invariably lead to 9211 with secondary ……..

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

#Gold #SP500

Due to my little bout of leukaemia (incurable but treatable), I’ve become used to being singled out, when called in for Covid-19 vaccines. However, today brought a shock. The village hall had a Vaccine Day and I hadn’t been called! Popping along revealed a pleasant truth; it was “Only For Grown Ups.” It’s quite nice to discover I was too young for something, the current vaccine only being given to Over 65’s.

Another thing we currently suspect as being “Only For Grown Ups” is Bitcoin and the chart illustrates, quite clearly, why. The crypto has formed a Glass Floor just above the 18,700 level and is behaving badly, almost as if it’s trying to convince folk this level is impermeable. Our suspicion remains of the crypto lying in wait, the market planning a “Gotcha Suckers” movement with closure below 18,700 making reversal to 16,200 with secondary, if (when) broken at a bottom around 12,900 dollars.

Remember, Bitcoin appeared to stabilise between 40k & 50k for three months at the start of this year, then fell sharply. It also stabilised between 60 & 70k for a couple of months at the end of 2021. We’re far from convinced the current four month period of “stability” between 20 & 25k shall assure the market a bottom has been found and, literally daily, now expect to see yet another “gotcha” drop.

On the bright side, we do anticipate a reasonable bounce if the $13,000 level makes itself known.

 

Frasers Group Plc  Frasers share price is presenting a bit of a puzzle currently. A couple of pretty significant news items fuelled a suspicion of happier times coming but the reality looks quite different. Perhaps Mr Ashley stepping down from the board is a bad thing, along with other news the company is returning to the FTSE 100. A chair at the top table of the UK market has been created, due to Meggitt being bought over by US defence giant Parker Hannifin.

Maybe it’s the case the market regards the retail market as facing challenging conditions, due to ridiculous inflation coupled with an expected recession impacting company profit margins.

For now, the visuals suggest ongoing weakness below 765p shall promote the potential of share price reversal to an initial 688p. Should such a price level break, our secondary presents a major issue as it calculates down at 576p, along with a break of the uptrend since 2020. Movement like this effectively risks triggering a “Big Picture” scenario, along with the potential of reversal commencing to an eventual bottom around 202p.

We’d love to say this drop target is ridiculous but a glance at the chart below reveals an unpleasant reality. It has been there, done that, and there’s no rule inhibiting it happening again. Well, perhaps that’s wrong as their share price need only exceed 866p to turn this miserable outlook into a pile of tosh.

 

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:19:13PM	BRENT	90.17									Shambles
10:21:02PM	GOLD	1665.38	1659	1653	1645	1668	1680	1684	1692	1670
10:23:27PM	FTSE	7194									Success
10:25:46PM	STOX50	3464									Success
10:28:09PM	GERMANY	12653									Shambles
10:29:59PM	US500	3862	3826	3803	3765	3890	3920	3950	3990	3893	‘cess
10:31:52PM	DOW	30746									‘cess
10:34:23PM	NASDAQ	11876
10:36:45PM	JAPAN	27453									Success

 

20/09/2022 FTSE Closed at 7192 points. Change of -0.61%. Total value traded through LSE was: £ 5,386,737,074 a change of -59.64%

16/09/2022 FTSE Closed at 7236 points. Change of -0.63%. Total value traded through LSE was: £ 13,346,961,271 a change of 170.28%

15/09/2022 FTSE Closed at 7282 points. Change of 0.07%. Total value traded through LSE was: £ 4,938,182,265 a change of -14.27%

14/09/2022 FTSE Closed at 7277 points. Change of -1.46%. Total value traded through LSE was: £ 5,760,077,523 a change of 12.58%

13/09/2022 FTSE Closed at 7385 points. Change of -1.18%. Total value traded through LSE was: £ 5,116,295,478 a change of -13.94%

12/09/2022 FTSE Closed at 7473 points. Change of 1.66%. Total value traded through LSE was: £ 5,944,877,720 a change of 11.08%

9/09/2022 FTSE Closed at 7351 points. Change of -100%. Total value traded through LSE was: £ 5,351,894,776 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:ASC Asos** **LSE:BT.A British Telecom** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:PPC President Energy** **LSE:RMG Royal Mail** **LSE:SBRY Sainsbury** **LSE:SPX Spirax** **LSE:TSCO Tesco** **

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Updated charts published on : Asos, British Telecom, IG Group, ITM Power, Intertek, Lloyds Grp., Marks and Spencer, National Glib, Ocado Plc, Primary Health, President Energy, Royal Mail, Sainsbury, Spirax, Tesco,

LSE:ASC Asos. Close Mid-Price: 639.5 Percentage Change: + 1.19% Day High: 643.5 Day Low: 605.5

If Asos experiences continued weakness below 605.5, it will invariably le ……..

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LSE:BT.A British Telecom Close Mid-Price: 136.95 Percentage Change: -1.51% Day High: 141.35 Day Low: 136.55

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LSE:IGG IG Group Close Mid-Price: 784 Percentage Change: -1.01% Day High: 798 Day Low: 780

Continued weakness against IGG taking the price below 780 calculates as l ……..

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LSE:ITM ITM Power Close Mid-Price: 109.95 Percentage Change: -4.47% Day High: 116.6 Day Low: 105.25

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LSE:ITRK Intertek Close Mid-Price: 3821 Percentage Change: -1.95% Day High: 3923 Day Low: 3828

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 49 Percentage Change: + 2.50% Day High: 48.98 Day Low: 48.04

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LSE:MKS Marks and Spencer Close Mid-Price: 111.75 Percentage Change: -2.23% Day High: 115.5 Day Low: 110.8

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LSE:NG. National Glib Close Mid-Price: 1019 Percentage Change: -1.64% Day High: 1047 Day Low: 1016.5

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LSE:OCDO Ocado Plc Close Mid-Price: 606.4 Percentage Change: -9.63% Day High: 674.2 Day Low: 603.6

Target met. Continued weakness against OCDO taking the price below 603.6 ……..

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LSE:PHP Primary Health Close Mid-Price: 128.8 Percentage Change: -2.57% Day High: 132.4 Day Low: 127

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LSE:PPC President Energy. Close Mid-Price: 1.15 Percentage Change: + 2.22% Day High: 1.15 Day Low: 1.07

Target met. If President Energy experiences continued weakness below 1.07 ……..

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LSE:RMG Royal Mail Close Mid-Price: 214.4 Percentage Change: -6.66% Day High: 233.1 Day Low: 211.6

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LSE:SBRY Sainsbury Close Mid-Price: 194.2 Percentage Change: -4.24% Day High: 204.6 Day Low: 193.8

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LSE:SPX Spirax Close Mid-Price: 10065 Percentage Change: -0.05% Day High: 10185 Day Low: 9962

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LSE:TSCO Tesco Close Mid-Price: 224.1 Percentage Change: -3.20% Day High: 233.4 Day Low: 222.9

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

#Brent #Dax

The final bank holiday Monday of 2022 provoked quite a poignant mood with many watching the end of an era slowly drive past on telly in perfectly choreographed dignity. It all begs the question, are we about to witness the birth of a new UK, one finally freeing itself from a fondness of adhering to history? Or does the country face more of the same, a media intent of protecting the way things have always been.

The reason for such a whimsical approach stems from politics. Many folk have come to believe the charade of a General Election every few years actually changes nothing as, when it comes down to it, the practical difference between the two major parties in the UK are minimal as once in power, the lure of the trough assumes over-riding importance. Even for the 3rd party in parliament, the SNP, their members appear more interested in expense receipts than the country they are supposed to represent. Perhaps, a change in Monarch shall finally provide a shake up at the heart of the UK or perhaps, we shall discover some reality behind the nursery rhyme ‘Sing A Song Of Sixpence’ words;

“The King is in his counting house, counting out his money…”

Of course, maybe recent news of countries opting to abandon Covid-19 protocols, declaring happy days are here again, shall suffice to allow optimism.

 

We hope for a change of mood, especially considering the moribund nature of the banking sector. Three weeks ago, when we covered Natwest, we very real concerns if the markets started playing games with price manipulation gaps in regard to Natwest share price. Suffice to say, the last three weeks has been terrible, the plethora of gaps now requiring some major dentistry if they are to be covered up!

The Blue diagonal line on the chart extract below is pretty interesting (if you’re us) as it dates back to 2015. There can be little doubt the wider market also shares some fascination with this downtrend as it has been careful to manipulate Natwest share price above, then below, then above this trend during the last 6 weeks in a series of movements which must mean something. The first two we viewed as extremely dangerous, a pretty severe warning of dangerous times coming. Suddenly though, everything changed last Monday. The market opted to gap Natwest UP once again (right hand Red circle), exceeding the downtrend and once again propelling the share price into the realms of potential safety.

Do we understand what this means? Easy answer; Nope.

Does it generate any positive thoughts? A less easy answer is Yes, especially as this sojourn into the land of hope also has the potential of giving some glory! The market is clearly trying to manoeuvre Natwest price upward and this 7 year old downtrend is significant.

Thanks to a series of horribly complex reasons, the share price now needs close above 303p (currently, an immediate target level) to be seen as entering a recovery cycle to an initial 354p with secondary, if exceeded, a longer term 406p. Even visually, this argument actually makes some sense as it affords the share the chance of closing above the glass ceiling which has formed just below the 300p level during the last three years.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
10:36:58PM	BRENT	90.86	87.6	86.03	85.05	88.7	91.64	92.76	94.48	90.61
10:40:15PM	GOLD	1676.23								1672
10:42:09PM	FTSE	7274								7241
10:43:42PM	STOX50	3526.7								3496
10:45:21PM	GERMANY	12893	12778	12743	12690	12846	12901	12944	12993	12854
10:47:39PM	US500	3907.42								3885
10:49:17PM	DOW	31060								30837
10:51:08PM	NASDAQ	11965								11864
10:53:11PM	JAPAN	27733								27639

16/09/2022 FTSE Closed at 7236 points. Change of -0.63%. Total value traded through LSE was: £ 13,346,961,271 a change of 170.28%

15/09/2022 FTSE Closed at 7282 points. Change of 0.07%. Total value traded through LSE was: £ 4,938,182,265 a change of -14.27%

14/09/2022 FTSE Closed at 7277 points. Change of -1.46%. Total value traded through LSE was: £ 5,760,077,523 a change of 12.58%

13/09/2022 FTSE Closed at 7385 points. Change of -1.18%. Total value traded through LSE was: £ 5,116,295,478 a change of -13.94%

12/09/2022 FTSE Closed at 7473 points. Change of 1.66%. Total value traded through LSE was: £ 5,944,877,720 a change of 11.08%

9/09/2022 FTSE Closed at 7351 points. Change of 1.23%. Total value traded through LSE was: £ 5,351,894,776 a change of 1.51%

8/09/2022 FTSE Closed at 7262 points. Change of 0.35%. Total value traded through LSE was: £ 5,272,168,524 a change of -28.82%

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:BBY BALFOUR BEATTY** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:PHP Primary Health** **LSE:RMG Royal Mail** **LSE:TSCO Tesco** **

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Updated charts published on : Aston Martin, BALFOUR BEATTY, Lloyds Grp., Marks and Spencer, National Glib, Primary Health, Royal Mail, Tesco,

LSE:AML Aston Martin Close Mid-Price: 178.15 Percentage Change: -0.97% Day High: 187.95 Day Low: 165

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LSE:BBY BALFOUR BEATTY Close Mid-Price: 334.4 Percentage Change: -1.42% Day High: 346.4 Day Low: 334.8

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 47.8 Percentage Change: + 0.39% Day High: 48.2 Day Low: 47.12

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LSE:MKS Marks and Spencer Close Mid-Price: 114.3 Percentage Change: -1.25% Day High: 116.25 Day Low: 113.2

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LSE:NG. National Glib. Close Mid-Price: 1036 Percentage Change: + 0.14% Day High: 1039.5 Day Low: 1025.5

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LSE:PHP Primary Health. Close Mid-Price: 132.2 Percentage Change: + 1.46% Day High: 132.6 Day Low: 128.6

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LSE:RMG Royal Mail Close Mid-Price: 229.7 Percentage Change: -8.08% Day High: 235.3 Day Low: 217.7

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LSE:TSCO Tesco Close Mid-Price: 231.5 Percentage Change: -0.22% Day High: 233.2 Day Low: 229.8

Target met. Continued weakness against TSCO taking the price below 229.8 ……..

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

#FTSE #DOW

Miracles do happen. Sitting at my desk and turning on my chair, I knocked a full cup of coffee off the desk and somehow, it landed bottom down. The only problem, it was now missing half its contents as it clearly had spun in mid air, spraying coffee upward over my keyboard, my trousers, a monitor, and spitefully, my left shoe. The experience proved somewhat whimsical, sipping half a perfect coffee while cleaning the mess with kitchen towels.

If someone had told me the story, I’d have believed it impossible. But on further consideration, once it splashed half the contents everywhere, there was probably the perfect weight left to inhibit a bounce when it landed. If only the markets were as predictable…

 

Writing this with 30 minutes to go before Wall St closes, we’ve taken a look at the uptrend since the Pandemic Drop in March 2020 and can calculate Wall St needs close above 30,914 points to avoid breaking below Red on the chart, destroying a pretty trend line and exposing the index to the risk of reversal, potentially to a bottom just above the 25,000 level. This sort of thing chimes true with the virtual industry in the USA, all sagely predicting the markets are due a correction in the final quarter of this year. We’ve been quite hesitant at accepting their predictions as gospel but now, with closure below the trend line, it’s a reason to pause for thought.

The Big Picture (aka, not in one day) situation now suggests weakness below 30,882 points risks reversal to 29,158 points and a short lived bounce. Our secondary, when this target level breaks, works out at 27,970 points, presenting a price level where a rebound is ‘almost’ certain. But closure below such a target level risks the index finding its way down to 25,600 points eventually!

As can be assumed, for those with a nerdish frame of mind, this evening is “interesting”, particularly because it’s clear the US index has been playing an elaborate game of chicken with this trend line since 8.13 this evening, almost as if ‘they’ know folk are watching it closely.

Now, with just 17 minutes until the market closes plus another 15 minutes for them to sort themselves out, perhaps we’re about to witness the edge of a disaster. Or perhaps we’re about to witness a panic recovery on Wall St. The excitement in the office is palpable, like watching paint dry!

STOP PRESS: Wall St closed at 30,951 points, remaining in relative safety. The market does not appear ready to immolate itself just yet.

FTSE for Friday (FTSE:UKX) If the FTSE intends throw itself off a similar cliff to that which Wall St faces, it currently needs close below 7162 points to kick open the door marked winter. However, the immediate outlook for Friday isn’t rosy and the FTSE only needs below 7258 points to risk triggering reversal to an initial 7193 points. Should such a target level break, our secondary calculates at 7103 points, pretty firmly in the region where longer term trouble becomes possible. If triggered, the index needs above 7354 points to greatly diminish the reversal potentials.

 

If the FTSE intends any form of miracle recovery, above the aforementioned potential stop loss level of 7354 looks interesting, perhaps able to provoke market recovery to an initial 7403 points with secondary, if bettered, at an impossible (in the short term) looking 7553 points.

 

Have a good long weekend.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:37:41PM	BRENT	90.25	89.52	88.66		90.42	91.16	91.695		90.44	‘cess
9:40:09PM	GOLD	1664.57	1660	1654		1667	1671	1674		1665	Success
9:42:11PM	FTSE	7255	7251	7219		7300	7329	7356		7292
9:44:51PM	STOX50	3528.8	3521	3496		3542	3585	3590		3555	‘cess
9:46:57PM	GERMANY	12904.34	12896	12867		12965	13113	13133		13050	‘cess
9:49:34PM	US500	3889	3886	3867		3926	3961	3976		3931	‘cess
9:52:22PM	DOW	30894	30864	30765		31166	31278	31435		31106
9:54:55PM	NASDAQ	11892	11859	11828		12000	12190	12304		12122
9:57:13PM	JAPAN	27658	27635	27240		27793	27930	28054		27803

 

15/09/2022 FTSE Closed at 7282 points. Change of 0.07%. Total value traded through LSE was: £ 4,938,182,265 a change of -14.27%

14/09/2022 FTSE Closed at 7277 points. Change of -1.46%. Total value traded through LSE was: £ 5,760,077,523 a change of 12.58%

13/09/2022 FTSE Closed at 7385 points. Change of -1.18%. Total value traded through LSE was: £ 5,116,295,478 a change of -13.94%

12/09/2022 FTSE Closed at 7473 points. Change of 1.66%. Total value traded through LSE was: £ 5,944,877,720 a change of 11.08%

9/09/2022 FTSE Closed at 7351 points. Change of 1.23%. Total value traded through LSE was: £ 5,351,894,776 a change of 1.51%

8/09/2022 FTSE Closed at 7262 points. Change of 0.35%. Total value traded through LSE was: £ 5,272,168,524 a change of -28.82%

7/09/2022 FTSE Closed at 7237 points. Change of -0.86%. Total value traded through LSE was: £ 7,407,245,342 a change of 30.74%

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:CCL Carnival** **LSE:HIK Hikma** **LSE:LLOY Lloyds Grp.** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:PPC President Energy** **LSE:TSCO Tesco** **

********

Updated charts published on : Aston Martin, Carnival, Hikma, Lloyds Grp., National Glib, Natwest, President Energy, Tesco,

LSE:AML Aston Martin. Close Mid-Price: 179.9 Percentage Change: + 17.05% Day High: 179.9 Day Low: 150.2

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LSE:CCL Carnival. Close Mid-Price: 832 Percentage Change: + 8.16% Day High: 844 Day Low: 785.6

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LSE:HIK Hikma Close Mid-Price: 1231.5 Percentage Change: -0.85% Day High: 1243 Day Low: 1212.5

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 47.62 Percentage Change: + 3.05% Day High: 47.89 Day Low: 46.38

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LSE:NG. National Glib Close Mid-Price: 1034.5 Percentage Change: -1.80% Day High: 1051 Day Low: 1030.5

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LSE:NWG Natwest. Close Mid-Price: 274.2 Percentage Change: + 1.67% Day High: 275.8 Day Low: 272.4

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LSE:PPC President Energy Close Mid-Price: 1.12 Percentage Change: -2.17% Day High: 1.15 Day Low: 1.12

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LSE:TSCO Tesco Close Mid-Price: 232 Percentage Change: -2.23% Day High: 238.9 Day Low: 230.9

Weakness on Tesco below 230.9 will invariably lead to 229 with secondary ……..

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

#Brent #Gold

To judge by emails received, quite a few folk are paying attention to Harbour Energy (was once Premier Oil). Billed as the UK’s largest independent oil and gas business, there are a few reasons to suppose something important is happening with this FTSE 250 components share price as it’s behaviour is at odds with the wider market.

Viewing the obvious downtrend since 2020, not only has the price managed to break through this Blue trend line, the market opted to gap it up (circled in Red), thus giving a reasonable hope the stock market has a cunning plan in store. For the longer term, we shall be a little cautious and not get terribly excited until such time the price closes above the previous share price high before the trend break, therefore we’ll be looking for share price closure above 530p.

Thankfully, from an immediate perspective, the situation exists which needs the price to trade above 506p to hopefully trigger ongoing price recovery to an initial 536p. This will certainly take it into a region where closure above 530p becomes possible. Our secondary, should 536p be exceeded, works out at 581p, along with an uncomfortable “however…”. Achieving 581p shall be a really big deal, displaying an official “higher high” and forcing us to admit the share price is trading in a zone where long term recovery to 771p becomes possible. Of course, it’s also worth remembering this is a share in the oil market, an area where price volatility is a currently a way of life.

 

If everything intends go horribly wrong, the share price needs trade below 420p as this calculates with the potential of reversal to an initial 407p. If broken, our secondary works out down at 390p along with the potential of a reasonable rebound. The price needs break below Red on the chart, currently 306p, to justify utter panic.

Perhaps worthy of some research.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:12:53PM	BRENT	93.83	91.41	90.06	88.34	93.35	95.22	95.52	96.22	93
9:15:07PM	GOLD	1696	1693	1687	1671	1707	1707	1709	1713	1701
9:18:52PM	FTSE	7306.18									‘cess
9:33:31PM	STOX50	3585
9:36:18PM	GERMANY	13100									‘cess
9:38:25PM	US500	3954
9:42:34PM	DOW	31183
9:44:55PM	NASDAQ	12168
9:48:36PM	JAPAN	27964

14/09/2022 FTSE Closed at 7277 points. Change of -1.46%. Total value traded through LSE was: £ 5,760,077,523 a change of 12.58%

13/09/2022 FTSE Closed at 7385 points. Change of -1.18%. Total value traded through LSE was: £ 5,116,295,478 a change of -13.94%

12/09/2022 FTSE Closed at 7473 points. Change of 1.66%. Total value traded through LSE was: £ 5,944,877,720 a change of 11.08%

9/09/2022 FTSE Closed at 7351 points. Change of 1.23%. Total value traded through LSE was: £ 5,351,894,776 a change of 1.51%

8/09/2022 FTSE Closed at 7262 points. Change of 0.35%. Total value traded through LSE was: £ 5,272,168,524 a change of -28.82%

7/09/2022 FTSE Closed at 7237 points. Change of -0.86%. Total value traded through LSE was: £ 7,407,245,342 a change of 30.74%

6/09/2022 FTSE Closed at 7300 points. Change of 0.18%. Total value traded through LSE was: £ 5,665,778,730 a change of 28.88%

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:EZJ EasyJet** **LSE:HIK Hikma** **LSE:ITM ITM Power** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:PPC President Energy** **LSE:SDY Speedyhire** **LSE:TSCO Tesco** **LSE:VOD Vodafone** **

********

Updated charts published on : Aston Martin, EasyJet, Hikma, ITM Power, National Glib, Ocado Plc, Primary Health, President Energy, Speedyhire, Tesco, Vodafone,

LSE:AML Aston Martin Close Mid-Price: 153.7 Percentage Change: -2.26% Day High: 154.85 Day Low: 139.9

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LSE:EZJ EasyJet Close Mid-Price: 347 Percentage Change: -1.89% Day High: 348.1 Day Low: 336

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LSE:HIK Hikma Close Mid-Price: 1242 Percentage Change: -1.93% Day High: 1276 Day Low: 1235.5

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LSE:ITM ITM Power Close Mid-Price: 115.25 Percentage Change: -24.77% Day High: 132.9 Day Low: 108.8

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LSE:NG. National Glib Close Mid-Price: 1053.5 Percentage Change: -2.45% Day High: 1080 Day Low: 1047.5

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LSE:OCDO Ocado Plc Close Mid-Price: 623.2 Percentage Change: -8.24% Day High: 678.4 Day Low: 615.4

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LSE:PHP Primary Health Close Mid-Price: 130.5 Percentage Change: -1.44% Day High: 134 Day Low: 130.8

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LSE:PPC President Energy Close Mid-Price: 1.15 Percentage Change: -2.13% Day High: 1.18 Day Low: 1.15

Continued weakness against PPC taking the price below 1.15 calculates as ……..

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LSE:SDY Speedyhire Close Mid-Price: 38.2 Percentage Change: -2.68% Day High: 39.65 Day Low: 37.8

In the event Speedyhire experiences weakness below 37.8 it calculates wit ……..

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LSE:TSCO Tesco Close Mid-Price: 237.3 Percentage Change: -3.26% Day High: 245.7 Day Low: 236.6

If Tesco experiences continued weakness below 236.6, it will invariably l ……..

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LSE:VOD Vodafone Close Mid-Price: 107.12 Percentage Change: -1.81% Day High: 108.8 Day Low: 106.64

Weakness on Vodafone below 106.64 will invariably lead to 104p as some so ……..

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

#FTSE #Nasdaq In 2019, China produced 75% of the world total of persimmon! We always thought they were just UK housebuilders, famed for paying their senior staff eye-watering, record breaking, bonus’s, then asking them to leave! It’s funny, a personal grudge against Persimmon has nothing to do with their historically famed build quality failings but instead, for spoiling a view.

Once upon a time, I’d leave for work around 8am, sometimes stopping to take a snapshot of the Clyde Valley, the place where Glasgow is located, as it could look truly spectacular spread out below. I was lucky enough to live at the top of the hills which comprised the southern side of the valley. And then one day, everything changed. A big sign appeared, announcing Persimmon Homes were about to build houses just at the point where I’d sometimes stop and it seemed, within weeks, my view was gone forever. In the years which followed, it was always a major puzzle why the small estate of large houses had not been built to take advantage of the often stunning view. Eventually, the penny dropped it was doubtless economics, being able to squeeze in an extra house or two proving more attractive than visual aesthetics.

 

As for their share price, it’s currently behaving as if someone has blocked their view of direction as it seems to want to go down.

When the Pandemic Drop happened in 2020, Persimmon share price closed at 1534p despite reaching 1367p with intraday hysterics. This has created the awkward situation where the share price is currently giving a “lower low” in terms of closing price but not a “lower low” in terms of intraday range. Unfortunately, plenty of unpleasant experience has taught Closing Prices tend provide a safer indicator for market direction, so we’re inclined to anticipate the worst for Persimmon.

Movement now below 1398p (the most recent intraday low) calculates with the potential of ongoing reversal to an initial 1259p, visually alarming but hopefully capable of a bounce. The bigger problem occurs, should such a level break, as our secondary target works out at 799p, a price level where a solid rebound almost must happen. Should it ever appear.

Thankfully, the share price doesn’t need try terribly hard to extract itself from this trench its digging, needing above 1670p to ideally trigger near term recovery to 1777 with secondary, if bettered, at 1901p and almost certain hesitation, due to historical movements. Above 1901p and we shall need take another look at the tea leaves.

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	PriorFUTURES
9:50:33PM	BRENT	92.97									Shambles
9:52:25PM	GOLD	1702.6									Success
10:01:31PM	FTSE	7342	7318	7295	7222	7391	7406	7426	7462	7368	Shambles
10:03:47PM	STOX50	3561.8
10:05:07PM	GERMANY	13096
10:07:43PM	US500	3937
10:09:51PM	DOW	31144
10:11:39PM	NASDAQ	12050	12001	11829	11478	12256	12326	12384	12512	12178
10:12:51PM	JAPAN	27848					Nothing	springs	to mind!

#Gold #Dax

It makes sense to finish our unintended series about Gold with a look at Scotgold, along with a leading manufacturer of metal detecting equipment which is listed on the Australian exchange. We received a few emails suggest we try metal detecting our stream. Needless to say, a detector was purchased some time ago and every year, it proves extraordinarily useful.

The particular detector (okay, it was a Xmas present) is able to detect Gold and is also able to operate under water, making it ideal to work the garden stream. We quickly ascertained the easiest way to operate it as the machine has an astonishing vocal range, putting 1980’s computer modems to shame. It was simply a matter of tossing my wife’s jewellery in the stream, then fiddling with the controls until the right tone was discovered which signified Gold, another recognising Silver, and yet another identifying a bracelet I’d bought which gave an identical tone to that broadcast from a 50p coin…

Once the jewellery was dried off and returned, it was time for Wellington boots and a slow, methodical, plod up the stream gulley. Sometimes, the most simple jobs have a way of expanding and this “fun” exercise proved no different than any other. The gulley was pretty impassable in places, bramble bushes growing across at face level and quite a few rhododendron bushes also demanding any Gold detecting be carried out while kneeling in the water. Obviously, it was chainsaw time until a discrete pampas grass fouled the machine, stopping it completely until the chain was removed and the indestructible plant removed. An entire day was wasted, attempting to clear an easy path to enable a decent search. The following morning, another attempt allowed about 20 yards of stream bed to be scanned, revealing absolutely nothing except some rusty nails. Inevitably, it rained, and the detector made its way into the boiler room, forgotten until a particular event every year.

Our lawn has one of the spinning clothes drier things, removed into the shed over winter. By the time it’s remembered the following year, the grass has completely overgrown the hole the spiny thing fits into but we’ve a solution. The metal detector is removed from its lair, its batteries are charged, and within a couple of minutes, the metal sleeve for the clothes drier has again been discovered. Our theory about its inability to detect Gold in the stream is two-fold. Firstly, there probably isn’t any and if there is, the detector is unable to identify particles of the metal which are smaller than a grain of sand. A detector apparently likes to discover nuggets of Gold, not tiny flakes which have been ground down by millennia of rushing water coming down the mountain behind our house.

 

Scottish Gold miner, Scotgold, are not far from us and claim to have around 4 tons of Gold hiding in their mountain at Tyndrum, Argyll. Their production figures for this year have been impressive and we’ll admit, we’d completely forgotten about the Silver extraction potentials.

Visually, the markets don’t seem terribly impressed with the company share price doing very little since 2021. Hopefully, at some point the markets pay attention to the quantity now being extracted from the ground with a commensurate change in the share price value. At present, above 71p looks capable of triggering movement to an initial 80p with our secondary, should this level be exceeded, working out at a more useful 94p. From a longer term perspective, both these movements are liable to prove useful, exceeding the Blue downtrend since 2011 and giving considerable hope for the future.

If things intend go horribly wrong, always a possibility with world Gold prices behaving irrationally, below just 59.16p looks troubling, calculating with the potential of provoking reversals to an initial 51 with secondary, if broken, down at 35p.

Codan Ltd (ASX:CDA) From a glance at their website, Codan appear to be producing professional detection equipment for the mining industry, rather than the type of machine used in our back garden. But we still doubt they would have detected the 6 grains of powdered gold discovered last week!

Their share price is looking a little problematic currently, suggesting weakness continuing below 6 Aus dollars risks promoting reversal down to 4.57 and hopefully a proper bounce. There is a serious problem should the 4.57 level break as the share price enters a zone with an ultimate bottom down at an eventual 0.77 Aus dollars.

However, the price only needs exceed 6.8 to give some immediate hope, apparently capable of triggering moves to an initial 8.5 with secondary, if bettered, at 9.9 Aus dollars.  For now, we think it intends a visit to 4.57.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:00:55PM	BRENT	93.85									Success
10:08:09PM	GOLD	1724.85	1721	1717	1711	1729	1735	1740	1749	1725	‘cess
10:11:07PM	FTSE	7470									Success
10:13:40PM	STOX50	3654									‘cess
10:16:25PM	GERMANY	13441	13224	13179	13090	13324	13446	13480	13523	13344	Success
10:18:32PM	US500	4119.57									‘cess
10:51:38PM	DOW	32425									Success
10:53:43PM	NASDAQ	12771									Success
10:56:28PM	JAPAN	28571									‘cess

12/09/2022 FTSE Closed at 7473 points. Change of 1.66%. Total value traded through LSE was: £ 5,944,877,720 a change of 11.08%

9/09/2022 FTSE Closed at 7351 points. Change of 1.23%. Total value traded through LSE was: £ 5,351,894,776 a change of 1.51%

8/09/2022 FTSE Closed at 7262 points. Change of 0.35%. Total value traded through LSE was: £ 5,272,168,524 a change of -28.82%

7/09/2022 FTSE Closed at 7237 points. Change of -0.86%. Total value traded through LSE was: £ 7,407,245,342 a change of 30.74%

6/09/2022 FTSE Closed at 7300 points. Change of 0.18%. Total value traded through LSE was: £ 5,665,778,730 a change of 28.88%

5/09/2022 FTSE Closed at 7287 points. Change of 0.08%. Total value traded through LSE was: £ 4,396,051,138 a change of -10.86%

2/09/2022 FTSE Closed at 7281 points. Change of 1.86%. Total value traded through LSE was: £ 4,931,431,269 a change of -2.21%

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:BLVN Bowleven** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **LSE:RBD Reabold Resources PLC** **

********

Updated charts published on : Aston Martin, Asos, Bowleven, Lloyds Grp., Natwest, Reabold Resources PLC,

LSE:AML Aston Martin Close Mid-Price: 172.75 Percentage Change: -64.22% Day High: 203.1 Day Low: 160.1

Target Met. The damage to AML’s share price, obviously self inflicted than ……..

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LSE:ASC Asos. Close Mid-Price: 725 Percentage Change: + 7.65% Day High: 738.5 Day Low: 663

This is almost interesting as above 740 now calculates with a recovery pot ……..

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LSE:BLVN Bowleven Close Mid-Price: 4 Percentage Change: -11.11% Day High: 4.5 Day Low: 3.6

This is difficult as “they” are just playing with the spread, attempting t ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 46.96 Percentage Change: + 2.13% Day High: 47.13 Day Low: 46.05

Target met. In the event of Lloyds Grp. enjoying further trades beyond 47 ……..

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LSE:NWG Natwest. Close Mid-Price: 269.5 Percentage Change: + 3.34% Day High: 269.6 Day Low: 261.9

Target met. All Natwest needs are mid-price trades ABOVE 269.6 to improve ……..

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LSE:RBD Reabold Resources PLC. Close Mid-Price: 0.49 Percentage Change: + 1.03% Day High: 0.53 Day Low: 0.48

Further movement against Reabold Resources PLC ABOVE 0.53 should improve ……..

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