Author: T&T Staff

#FTSE #Nasdaq

In celebration of the first really sunny day for an age, the little tractor was coaxed into life, and the lawn given its final cut of the year. Hopefully! Provoking the panic was the sight of a particular patch of grass, suddenly sprouting, a real puzzle as this area of the lawn usually needs cut the least. Only once the tractor was hosed down and back in the shed did the completely obvious penny drop.

It’s Autumn and the trees have lost their leaves, creating a situation where the early morning sun is now shining through the office windows, the forest no longer shielding our eyes. This sunshine, while making its autumnal way to the office, also illuminates about a 10 metre wide strip of lawn, which has waited the entire summer to frantically grow.

If only something similar would happen with the UK’s AIM market…

 

We’re waiting with baited breath for the FTSE to burst into life, the UK’s index again achieving a “higher high” since closing above the point of trend-break on Tuesday. Okay, so far things are proving about as exciting as a report on Facebook (Meta) share price, something we still suspect shall bottom by $77. It’s currently in the 80’s. But for the FTSE, on Tuesday it closed a whole 6 points above the trend-break level and Thursday found us asthmatic with a closing price now 8 points above the trend level. However, it’s the AIM which is of immediate concern.

Currently trading around 809, the AIM needs exceed 861 points to exceed its personal Pandemic trend-break level and cause an outbreak of enthusiasm. Thankfully, this index doesn’t need try terribly hard to kick itself into life.

At present, we’d regard 825 as a viable trigger level for the AIM, a number which should trigger movement to an initial 842 with secondary, if exceeded, working out at 867 points. This should permit this index to close above the critical 861 points and as a result, discover itself trading in a zone where a longer term attraction should be viewed at 1098 points.

Perhaps it shall be the case the AIM will discover its own little patch of sunlight and start some recovery, maybe even with one of these mythical Santa Rally events. Otherwise, it’s actually trading in a zone where our ultimate bottom works out at a silly looking 575 points.

 

 

FTSE for Friday Things are becoming a little concerning, thanks to efforts in the USA and UK to derail economic hopes with interest rates. The latest BoE projections suggesting they’ve successfully forced the UK into recession for the next couple of years will prove especially worrying for folk with variable mortgages, reminding of a lyric from a (terrible) David Bowie song “Puting out the fire with gasoline”. We’re more than a little puzzled “they” opted to wait until the FTSE was showing signs of recovery before acting. In the USA, things are already looking quite fragile and now, it appears the Nasdaq intends bottom around 9200 points. Similarly, the S&P 500 looks like it may struggle to avoid a visit to the 3000 point level but conversely, Wall St isn’t showing any great signals for calamity, needing below 31550 to raise the first eyebrow.

Near term, the FTSE below 7075 points looks capable of reversal to an initial 7031 with secondary, when broken, down at 6968 points and hopefully a bounce. If triggered, the tightest stop looks reasonable at 7121 points.

Our alternate, happier, scenario from a world which promotes the concept of the UK market heading to 7467 points, suggests strength above 7208 points should take aim at an initial 7251 with our longer term (or later that day) secondary ambition working out at 7331 points. Hopefully our little bit of sunlight also shines on the FTSE.

Have a good weekend.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
8:59:04PM	BRENT	94.27	93.8	92.745		95.24	96.27	96.77		94.95
9:09:59PM	GOLD	1629.95	1617	1612		1629	1633	1638		1624	Success
9:11:50PM	FTSE	7191.99	7133	7126		7166	7201	7244		7167
9:18:44PM	STOX50	3591.8	3560	3549		3586	3598	3611		3578
9:56:02PM	GERMANY	13127.5	13018	12943		13151	13197	13216		13160	‘cess
9:58:16PM	US500	3716	3695	3663		3749	3767	3776		3746	‘cess
10:00:32PM	DOW	31987.2	31713	31546		32035	32240	32418		32060	‘cess
10:04:16PM	NASDAQ	10677	10667	10583		10780	10957	11057		10856	‘cess
10:07:33PM	JAPAN	27277	27251	27137		27361	27407	27471		27298	‘cess

3/11/2022 FTSE Closed at 7188 points. Change of 0.62%. Total value traded through LSE was: £ 4,482,607,171 a change of -6.53%

2/11/2022 FTSE Closed at 7144 points. Change of -0.58%. Total value traded through LSE was: £ 4,796,024,351 a change of -6.77%

1/11/2022 FTSE Closed at 7186 points. Change of 1.3%. Total value traded through LSE was: £ 5,144,430,090 a change of -18.4%

31/10/2022 FTSE Closed at 7094 points. Change of 0.67%. Total value traded through LSE was: £ 6,304,594,565 a change of 56.13%

28/10/2022 FTSE Closed at 7047 points. Change of -0.37%. Total value traded through LSE was: £ 4,038,109,035 a change of -18.02%

27/10/2022 FTSE Closed at 7073 points. Change of 0.24%. Total value traded through LSE was: £ 4,925,692,743 a change of -22.87%

26/10/2022 FTSE Closed at 7056 points. Change of 0.61%. Total value traded through LSE was: £ 6,386,400,567 a change of 43.51%

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:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:ECO ECO (Atlantic) O & G** **LSE:NG. National Glib** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:TSCO Tesco** **

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Updated charts published on : Aston Martin, BP PLC, British Telecom, ECO (Atlantic) O & G, National Glib, Sainsbury, Scancell, Tesco,

LSE:AML Aston Martin. Close Mid-Price: 105 Percentage Change: + 17.21% Day High: 103 Day Low: 88.6

Target met. Further movement against Aston Martin ABOVE 105 should improv ……..

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LSE:BP. BP PLC. Close Mid-Price: 493.5 Percentage Change: + 1.89% Day High: 494.25 Day Low: 479.85

All BP PLC needs are mid-price trades ABOVE 494.25 to improve acceleratio ……..

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LSE:BT.A British Telecom Close Mid-Price: 116.4 Percentage Change: -8.88% Day High: 123.45 Day Low: 113.95

Target met. In the event British Telecom experiences weakness below 113.9 ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 39.6 Percentage Change: + 14.78% Day High: 41.5 Day Low: 36.25

Target met. In the event of ECO (Atlantic) O & G enjoying further trades ……..

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LSE:NG. National Glib Close Mid-Price: 963.6 Percentage Change: -0.19% Day High: 966.6 Day Low: 950

All National Glib needs are mid-price trades ABOVE 966.6 to improve accel ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 211.6 Percentage Change: + 6.95% Day High: 212.5 Day Low: 199.15

Now above 213 should be useful, indicating the potential of a move to 225 ……..

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LSE:SCLP Scancell. Close Mid-Price: 18.62 Percentage Change: + 7.97% Day High: 18.75 Day Low: 17.12

Continued trades against SCLP with a mid-price ABOVE 18.75 should improve ……..

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LSE:TSCO Tesco. Close Mid-Price: 223 Percentage Change: + 2.86% Day High: 223.2 Day Low: 215.4

Continued trades against TSCO with a mid-price ABOVE 223.2 should improve ……..

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

#Gold #SP500

It appears Lithium is hot this week as a bunch of emails appeared, asking our thoughts on Firering. It was easy to make the assumption their activities were based in The Ring Of Fire, around the Pacific ocean, due to the company name. Instead, it transpires they operate in West Africa. But first, some thoughts on the US interest rate change, the UK expected to follow suit.

The whole interest rate thing is, personally, an enigma. A common refrain from governments is of the need to raise interest rates to control inflation, mindset which appears counter intuitive. By increasing interest rates, the cost of money increases, the cost of living increases, and of course, inflation goes up. Is it really the case governments want to harm industry and business by forcing prices higher, to reduce demand, necessitating business’ to reduce margins and cut prices in the hope of creating demand.

Simply from viewing the price of crude oil alone, the (almost) worldwide gambit of price gouging was clearly agreed before Russia did anything to Ukraine, oil and gas prices being seen as a leading cause in the current inflationary cycle. Perhaps there’s a little magic from interest rates we’re all unaware of, maybe provoking the cost of refining a barrel of crude to reduce from $49 back closer to the original $9 at the start if this year. Alas, rather than dare question why this occurred in a synchronised event among the oil majors , politicians just shake their heads and shrug about the dangers of inflation. It’s all a little crazy, the logic surely ensuring the statue of economist Thomas Malthus spins on its plinth when no-one is watching.

 

For those who want to learn more about Firering activities, a visit to their website is recommended where the reader can discover all about Lithium and Coltan in Cote D’Ivoire.

 

However, we’re more interested in their share price as it looks like it’s being primed for some positive movement, gapped up substantially at the market open on 2nd November. Our inclination is to treat the immediate near term target of 13.5p as a trigger level.

Above 13.5p calculates with the potential of a lift to 15.8p next with secondary, if exceeded, calculating at 20.5p. Visually, it certainly looks like our initial target of 15.8p should provoke some sort of hesitation, given this ambition marginally exceeds the opening price in November last year. At present, the highest we dare project into the future is 20.5p but should such a hope come to fruition, we shall certainly revisit the numbers and calculate things again.

The share price requires below 8.5p to indulge panic but, given the strength of the opening price manipulation on the 2nd Nov, it appears the market may have strong plans for the future.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:38:08PM	BRENT	95.42									‘cess
9:40:20PM	GOLD	1635.71	1634	1631	1618	1642	1649	1652	1658	1639
9:44:38PM	FTSE	7110.5									‘cess
9:48:09PM	STOX50	3585.8									Success
9:50:31PM	GERMANY	13160									Shambles
9:52:55PM	US500	3761.77	3750	3726	3669	3785	3819	3845	3877	3772	Success
10:30:11PM	DOW	32137									Success
10:32:36PM	NASDAQ	10892.47
10:35:01PM	JAPAN	27287									Shambles

 

2/11/2022 FTSE Closed at 7144 points. Change of -0.58%. Total value traded through LSE was: £ 4,796,024,351 a change of -6.77%

1/11/2022 FTSE Closed at 7186 points. Change of 1.3%. Total value traded through LSE was: £ 5,144,430,090 a change of -18.4%

31/10/2022 FTSE Closed at 7094 points. Change of 0.67%. Total value traded through LSE was: £ 6,304,594,565 a change of 56.13%

28/10/2022 FTSE Closed at 7047 points. Change of -0.37%. Total value traded through LSE was: £ 4,038,109,035 a change of -18.02%

27/10/2022 FTSE Closed at 7073 points. Change of 0.24%. Total value traded through LSE was: £ 4,925,692,743 a change of -22.87%

26/10/2022 FTSE Closed at 7056 points. Change of 0.61%. Total value traded through LSE was: £ 6,386,400,567 a change of 43.51%

25/10/2022 FTSE Closed at 7013 points. Change of 0%. Total value traded through LSE was: £ 4,450,107,561 a change of -2.44%

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:AFC AFC Energy** **LSE:AGM Applied Graphene** **LSE:AML Aston Martin** **LSE:GLEN Glencore Xstra** **LSE:HUR Hurrican Energy** **LSE:ZOO Zoo Digital** **

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Updated charts published on : AFC Energy, Applied Graphene, Aston Martin, Glencore Xstra, Hurrican Energy, Zoo Digital,

LSE:AFC AFC Energy Close Mid-Price: 21.32 Percentage Change: -6.74% Day High: 23.62 Day Low: 21.52

In the event of AFC Energy enjoying further trades beyond 23.7, the share ……..

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LSE:AGM Applied Graphene Close Mid-Price: 12.5 Percentage Change: -10.71% Day High: 14.68 Day Low: 12.5

The share requires to trade ABOVE 17 to give an initial 22 with secondary, ……..

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LSE:AML Aston Martin Close Mid-Price: 89.58 Percentage Change: -15.25% Day High: 99.98 Day Low: 87.5

Below 86 now looks capable of a visit to 78 next with secondary, if broken ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 514.1 Percentage Change: -1.85% Day High: 532.5 Day Low: 512.9

Further movement against Glencore Xstra ABOVE 532.5 should improve accele ……..

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LSE:HUR Hurrican Energy. Close Mid-Price: 7.6 Percentage Change: + 11.76% Day High: 8.5 Day Low: 7.51

Now above 8.5 should aim at an initial 9.5 with secondary, if exceeded, co ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 177 Percentage Change: + 1.43% Day High: 177 Day Low: 174.5

All Zoo Digital needs are mid-price trades ABOVE 177 to improve accelerat ……..

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

#FTSE #NK225  It’s time for our annual Big Picture glance at Glencore, a company which has enjoyed a truly confusing 2022 with regard their share price. However, there are some early signs some clarity of movement is coming, something also shared with (cue: sardonic drum roll) the FTSE. Last week, we continually visited the FTSE, mentioning 7180 points as a key level of interest.

The UK market celebrated the start of November by closing the session at 7186.16 points. While not substantial, this closing price is above our trigger level of 7180.17, allegedly pointing at great things for the future, along with the hope of some strength in the UK market as 2022 staggers toward the year end. Generally, when a price exceeds such a crucial level, the point of a historical trend break, it’s party time for the next few sessions and our wish is for the UK to enjoy the exuberance experienced by ALL the other major markets, when they each exceeded their own Pandemic trend break level. We’re now hoping for great things, hopefully not derailed by political mischief making. Essentially, apparently we should anticipate a cycle above 7222 points to bring an initial 7276 points with secondary, if bettered, 7467 points. Or as we know it in-house, it’s now fingers crossed time!

To return to Glencore Plc, similar to the FTSE, a fair amount of optimism is now present for future price movements. Currently trading around 523p, we’ve a ‘Jobsworth’ type of requirement demanding the share price close above 525p to give early warning for the potential of the share attaining some new all time highs. Our bias is to treat the immediate closing price as “close enough” as movement near term above 529p should make an attempt at an initial 538p with secondary, if exceeded, a more useful 565p.

Achieving 565p will prove important, painting a new high for the share price and despite the visuals implying such an ambition would make a perfect price level to provide an entertaining back-test to around the 510p level. However, it would be churlish not to admit Glencore reaching new all time highs has a serious Big Picture potential as a future 696p becomes a perfectly viable aspiration.

 

At present, Glencore needs break Red at 430p to cause panic.

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	PriorFUTURES
9:07:40PM	BRENT	94.53									Success
9:22:48PM	GOLD	1648									Success
9:25:34PM	FTSE	7179.32	7128	7101	7061	7175	7222	7257	7301	7130	Success
9:27:18PM	STOX50	3660.5									Success
9:52:53PM	GERMANY	13357
9:54:56PM	US500	3855									‘cess
9:57:07PM	DOW	32637.9									‘cess
9:58:48PM	NASDAQ	11298									Shambles
10:00:27PM	JAPAN	27554	27494	27392	27260	27590	27732	27778	27872	27580	Success

 

 

1/11/2022 FTSE Closed at 7186 points. Change of 1.3%. Total value traded through LSE was: £ 5,144,430,090 a change of -18.4%

31/10/2022 FTSE Closed at 7094 points. Change of 0.67%. Total value traded through LSE was: £ 6,304,594,565 a change of 56.13%

28/10/2022 FTSE Closed at 7047 points. Change of -0.37%. Total value traded through LSE was: £ 4,038,109,035 a change of -18.02%

27/10/2022 FTSE Closed at 7073 points. Change of 0.24%. Total value traded through LSE was: £ 4,925,692,743 a change of -22.87%

26/10/2022 FTSE Closed at 7056 points. Change of 0.61%. Total value traded through LSE was: £ 6,386,400,567 a change of 43.51%

25/10/2022 FTSE Closed at 7013 points. Change of 0%. Total value traded through LSE was: £ 4,450,107,561 a change of -2.44%

24/10/2022 FTSE Closed at 7013 points. Change of 0.63%. Total value traded through LSE was: £ 4,561,328,828 a change of -1.86%

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:AFC AFC Energy** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:CCL Carnival** **LSE:DARK Darktrace Plc** **LSE:GLEN Glencore Xstra** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:RR. Rolls Royce** **LSE:TSCO Tesco** **LSE:ZOO Zoo Digital** **

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Updated charts published on : AFC Energy, Bowleven, BP PLC, Carnival, Darktrace Plc, Glencore Xstra, British Airways, Intercontinental Hotels Group, Just Eat, Marks and Spencer, National Glib, Ocado Plc, Rolls Royce, Tesco, Zoo Digital,

LSE:AFC AFC Energy. Close Mid-Price: 22.86 Percentage Change: + 7.63% Day High: 23.16 Day Low: 20.14

In the event of AFC Energy enjoying further trades beyond 23.16, the shar ……..

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LSE:BLVN Bowleven Close Mid-Price: 2.25 Percentage Change: -25.00% Day High: 2.75 Day Low: 1.75

Continued weakness against BLVN taking the price below 1.75 calculates as ……..

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LSE:BP. BP PLC. Close Mid-Price: 486.45 Percentage Change: + 1.39% Day High: 486.9 Day Low: 474.2

Continued trades against BP. with a mid-price ABOVE 486.9 should improve ……..

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LSE:CCL Carnival. Close Mid-Price: 703 Percentage Change: + 0.98% Day High: 732.2 Day Low: 695.4

Target met. Further movement against Carnival ABOVE 732.2 should improve ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 362.2 Percentage Change: + 1.31% Day High: 376.5 Day Low: 351

All Darktrace Plc needs are mid-price trades ABOVE 376.5 to improve accel ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 523.8 Percentage Change: + 4.86% Day High: 528.9 Day Low: 511.3

Target met. Continued trades against GLEN with a mid-price ABOVE 528.9 sh ……..

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LSE:IAG British Airways. Close Mid-Price: 123.44 Percentage Change: + 1.55% Day High: 125.82 Day Low: 121.98

Target met. Continued trades against IAG with a mid-price ABOVE 125.82 sh ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4705 Percentage Change: + 0.19% Day High: 4779 Day Low: 4689

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

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LSE:JET Just Eat. Close Mid-Price: 1599.2 Percentage Change: + 7.13% Day High: 1649.6 Day Low: 1533.6

Target met. In the event of Just Eat enjoying further trades beyond 1649. ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 110.8 Percentage Change: + 5.02% Day High: 112.45 Day Low: 104.75

All Marks and Spencer needs are mid-price trades ABOVE 112.45 to improve ……..

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LSE:NG. National Glib. Close Mid-Price: 962.8 Percentage Change: + 1.52% Day High: 965 Day Low: 952

Continued trades against NG. with a mid-price ABOVE 965 should improve th ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 654.6 Percentage Change: + 38.57% Day High: 671.4 Day Low: 530

Target met. All Ocado Plc needs are mid-price trades ABOVE 671.4 to impro ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 81.5 Percentage Change: + 4.29% Day High: 82.42 Day Low: 79.19

Continued trades against RR. with a mid-price ABOVE 82.42 should improve ……..

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LSE:TSCO Tesco. Close Mid-Price: 217.8 Percentage Change: + 1.26% Day High: 219.2 Day Low: 216.5

Further movement against Tesco ABOVE 219.2 should improve acceleration to ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 174.5 Percentage Change: + 5.76% Day High: 176 Day Low: 166

Target met. In the event of Zoo Digital enjoying further trades beyond 17 ……..

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

#Gold #SP500

Our fascination with Lithium batteries continues, most recently due to a little accident with the battery pack of a Bosch electric drill. As happens, the 14v drill needed a new battery pack, the old one being laid aside for disposal. Unfortunately, the old battery made its way into a box and was completely forgotten about, until it was time for a garden bonfire.

We’ve a big tree stump at the top of the garden, now almost 50% destroyed by occasional bonfires, and a glorious amount of delivery packaging had accumulated, all needing burnt. As usual, a bonfire lasagne was created, cardboard at the bottom layer, some scrap wood comprising the next layer, some packaging padding and debris from the shed making another layer, and the top layer comprising rotten wood which theory demands will dry out and burn. An added level of interest came from the discovery of a parachute flare on the shore outside, a plastic tube which is supposed to be aimed at the sky when it’s time to panic. The boating fraternity are notorious for tossing them overboard when they exceed their sink-by dates but they actually cook off quite nicely if placed in the very heart of a hot bonfire.

On this occasion, the fire was lit, fighting hard against the inevitable Scottish rain, and a retreat to the house made a lot of sense. After a while, bonfires do get a little boring.

This time around proved interesting, a rolling cloud of white smoke giving a horror movie theme, and immediately the problem was apparent. The Bosch battery pack had been accidentally burnt, the Lithium batteries contained therein providing a toxic addition to the flames. Shortly afterward, it was obvious the parachute flare was also lit, briefly attempting to out-dazzle the brilliantly bright Lithium flames which were determined to outlast anything else on the fire.

It was a reminder of one of Richard Hammonds car crashes, where he dropped an electric supercar off a hill, the batteries still burning a few days later. When they place disposal instructions on Lithium packs, it’s best to take them seriously, the stuff burning quite energetically. My own brother, a volunteer village fireman In Sutherland, Scotland, recently sent photographs of an electric car fire he was attending, none of the firecrew able to identify the make of vehicle which was cheerfully lighting and heating up the night sky. When the event was over, there was nothing in the burnt out grass at the roadside which would event attest to a car as the cause. The owner, still pretty stunned, mentioned smoke came from the dashboard and he pulled off the road. By the time he’d got through to the emergency services, the flames were already out of control. Due to a previous Tesla fire, the volunteer firemen already knew they’d nothing in the fire engine capable of dealing with large scale lithium fires.

 

Lithium batteries, already changing our lives by making everything cordless, continue to enjoy increased demand and Atlantic Lithium, working in Africa, headquartered in Australia, and traded in London and New York certainly make all the right noises on their website for production. Something certainly appears to be going on with their share price as currently, there’s a heck of an argument which proposes 41p as an immediate target level. Given the share is currently trading around 38p, we’re inclined to treat 41p as a potential trigger level as above this level should become interesting.

The immediate situation suggests above 41p as being capable of triggering price recovery to an initial 49.5p. If bettered our secondary calculates at a problematic 64p, rather neatly matching the high of earlier this year. Closure above 64p shall prove crucial for the longer term as this could easily ignite game changing potentials for the future.

If things intend go wrong for Atlantic, their share price needs melt down below 29p as this could force the price back to an initial 20p with secondary, if broken, an ultimate bottom of just 4p, a target which makes no sense visually.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:30:54PM	BRENT	93.79									‘cess
10:32:26PM	GOLD	1634	1631	1624	1616	1642	1645	1648	1653	1635	‘cess
10:34:48PM	FTSE	7115.38									‘cess
10:36:36PM	STOX50	3626.3
10:39:06PM	GERMANY	13269									‘cess
10:41:31PM	US500	3877.47	3862	3856	3840	3888	3900	3910	3926	3872
10:43:14PM	DOW	32752
10:45:13PM	NASDAQ	11425.22
10:47:08PM	JAPAN	27562

 

31/10/2022 FTSE Closed at 7094 points. Change of 0.67%. Total value traded through LSE was: £ 6,304,594,565 a change of 56.13%

28/10/2022 FTSE Closed at 7047 points. Change of -0.37%. Total value traded through LSE was: £ 4,038,109,035 a change of -18.02%

27/10/2022 FTSE Closed at 7073 points. Change of 0.24%. Total value traded through LSE was: £ 4,925,692,743 a change of -22.87%

26/10/2022 FTSE Closed at 7056 points. Change of 0.61%. Total value traded through LSE was: £ 6,386,400,567 a change of 43.51%

25/10/2022 FTSE Closed at 7013 points. Change of 0%. Total value traded through LSE was: £ 4,450,107,561 a change of -2.44%

24/10/2022 FTSE Closed at 7013 points. Change of 0.63%. Total value traded through LSE was: £ 4,561,328,828 a change of -1.86%

21/10/2022 FTSE Closed at 6969 points. Change of 0.37%. Total value traded through LSE was: £ 4,647,659,700 a change of -14.5%

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:AFC AFC Energy** **LSE:AVCT Avacta** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CCL Carnival** **LSE:ECO ECO (Atlantic) O & G** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:TSCO Tesco** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : AFC Energy, Avacta, BP PLC, British Telecom, Carnival, ECO (Atlantic) O & G, British Airways, Intercontinental Hotels Group, Rockhopper, Rolls Royce, Tesco, Zoo Digital,

LSE:AFC AFC Energy. Close Mid-Price: 21.24 Percentage Change: + 7.87% Day High: 22 Day Low: 19

Further movement against AFC Energy ^ABOVE 22 should improve acceleration ……..

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LSE:AVCT Avacta. Close Mid-Price: 126 Percentage Change: + 3.36% Day High: 141.5 Day Low: 119

Target Met. This has gotten almost amazing as above 139 now calculates wit ……..

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LSE:BP. BP PLC. Close Mid-Price: 479.8 Percentage Change: + 1.45% Day High: 484 Day Low: 467.1

In the event of BP PLC enjoying further trades beyond 484, the share shoul ……..

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LSE:BT.A British Telecom. Close Mid-Price: 129.8 Percentage Change: + 2.49% Day High: 130.05 Day Low: 127.35

Target Met. Now above 131 points at the potential of 134 next with seconda ……..

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LSE:CCL Carnival. Close Mid-Price: 696.2 Percentage Change: + 5.17% Day High: 704.2 Day Low: 668.8

In the event of Carnival enjoying further trades beyond 705, the share sho ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 37 Percentage Change: + 1.37% Day High: 38.75 Day Low: 37

Further movement against ECO (Atlantic) O & G ABOVE^ 39 should continue ac ……..

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LSE:IAG British Airways. Close Mid-Price: 121.56 Percentage Change: + 5.45% Day High: 121.98 Day Low: 115.18

All British Airways needs are mid-price trades ABOVE 122 to improve accel ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4696 Percentage Change: + 0.19% Day High: 4752 Day Low: 4673

Continued trades against IHG with a mid-price ABOVE 4752 should improve th ……..

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LSE:RKH Rockhopper Close Mid-Price: 9.8 Percentage Change: -24.32% Day High: 11 Day Low: 9

This is potentially really bad as it dropped further than it should. Now b ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 78.15 Percentage Change: + 1.51% Day High: 79.41 Day Low: 77.03

Further movement against Rolls Royce ABOVE 80 should improve acceleration ……..

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LSE:TSCO Tesco. Close Mid-Price: 215.1 Percentage Change: + 1.13% Day High: 216.6 Day Low: 212.9

Tesco needs mid-price trades ABOVE 217 to improve acceleration toward an i ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 165 Percentage Change: + 2.17% Day High: 169 Day Low: 161.5

Further movement against Zoo Digital ABOVE 169 should improve acceleration ……..

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

#Brent #Stoxx

Our ‘three weekly’ visit to Natwest is becoming as exciting as guessing who the next UK Prime Minister shall be. Prior to the current incumbent being selected, the media appeared to be giving the Downing St cat worrying degrees of press coverage, leading to suspicions the party of government was about to try something completely new and no sane human would take the job!

It’s maybe not the worst idea, considering a cat as Prime Minister, a species of animal always completely unaware of what it intends do next. Our own unwelcome cat is perfectly capable of sitting, gazing out of a window for hours on end. Equally, she uses similar levels of concentration on a wall and eventually, we guessed these periods of peace and quiet come from the animal replicating modern electronics, going into “stand-by” mode for a while.

 

Perhaps Natwest share price is enjoying its own version of “stand-by”, the value failing to go up sufficiently to meet targets nor able to head down sufficiently to meet targets! The single time where an attempt to head upward on October 27th with a surge to 247p was treated quite harshly, the share price gapped down to 230p the following morning. It was clear the market was not ready to allow the retail bank to run free, despite reports of record profits. The share price drop of 8.3% was blamed on the bank warning it was keeping an eye on any change in behaviour from its customers…

The immediate situation for Natwest is a bit troubling, movement below 223 pointing at the potential of near term reversal to 213p next. Hopefully such a target level proves capable of provoking a bounce as now, closure below 213p looks capable of entering a reverse cycle to 191p next. Perhaps the market shall deem 200p as sufficient to provide a rebound but we’ve some doubts as it’s almost a mite too obvious. The 200p level, as the chart shows, has proven sacrosanct on 4 previous occasions since 2021 as we’ll not be aghast if the market opts to let such an obvious glass floor break.

We do have concerns below the 191p level as a visually ridiculous long term target calculates at 130p, should such a trigger occur.

 

If things intend come up rosy in the Natwest garden, trades above 237p shall prove important as this now calculates with the potential of a lift to 254p with secondary, if bettered, a rather encouraging longer term 273p.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
5:43:43PM	BRENT	94.23	93.1	92.235	91.16	94.41	95.46	96.06	98.76	93.7
5:45:38PM	GOLD	1644.41									Success
5:48:11PM	FTSE	7085.88
5:50:46PM	STOX50	3655.4	3609	3592	3571	3622	3655	3668	3697	3634	Success
5:52:46PM	GERMANY	13383.57									Success
6:20:58PM	US500	3900.52									Success
6:27:33PM	DOW	32860.3									Success
6:30:24PM	NASDAQ	11540									‘cess
6:32:11PM	JAPAN	27515									Success

 

28/10/2022 FTSE Closed at 7047 points. Change of -0.37%. Total value traded through LSE was: £ 4,038,109,035 a change of -18.02%

27/10/2022 FTSE Closed at 7073 points. Change of 0.24%. Total value traded through LSE was: £ 4,925,692,743 a change of -22.87%

26/10/2022 FTSE Closed at 7056 points. Change of 0.61%. Total value traded through LSE was: £ 6,386,400,567 a change of 43.51%

25/10/2022 FTSE Closed at 7013 points. Change of 0%. Total value traded through LSE was: £ 4,450,107,561 a change of -2.44%

24/10/2022 FTSE Closed at 7013 points. Change of 0.63%. Total value traded through LSE was: £ 4,561,328,828 a change of -1.86%

21/10/2022 FTSE Closed at 6969 points. Change of 0.37%. Total value traded through LSE was: £ 4,647,659,700 a change of -14.5%

20/10/2022 FTSE Closed at 6943 points. Change of 0.27%. Total value traded through LSE was: £ 5,436,111,933 a change of 16.23%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AVCT Avacta** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:IGAS Igas Energy** **LSE:OXIG Oxford Instruments** **LSE:RR. Rolls Royce** **LSE:STAN Standard Chartered** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Avacta, Diageo, ECO (Atlantic) O & G, Igas Energy, Oxford Instruments, Rolls Royce, Standard Chartered, Zoo Digital,

LSE:AVCT Avacta. Close Mid-Price: 121.9 Percentage Change: + 8.84% Day High: 121.5 Day Low: 111

Further movement against Avacta ABOVE 121.5 should improve acceleration t ……..

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LSE:DGE Diageo. Close Mid-Price: 3554 Percentage Change: + 0.91% Day High: 3550.5 Day Low: 3488

Weakness on Diageo below 3488 will invariably lead to 3353 with secondary ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 36.5 Percentage Change: + 3.11% Day High: 37.25 Day Low: 35.5

Further movement against ECO (Atlantic) O & G ABOVE 37.25 should improve ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 30 Percentage Change: + 8.30% Day High: 29.5 Day Low: 24.6

Target met. Continued weakness against IGAS taking the price below 24.6 c ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2005 Percentage Change: -0.74% Day High: 2110 Day Low: 1988

Continued trades against OXIG with a mid-price ABOVE 2110 should improve ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 76.99 Percentage Change: + 0.85% Day High: 77.54 Day Low: 74.78

Further movement against Rolls Royce ABOVE 77.54 should improve accelerat ……..

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LSE:STAN Standard Chartered Close Mid-Price: 519.6 Percentage Change: -3.02% Day High: 525.6 Day Low: 515.6

Weakness on Standard Chartered below 515.6 will invariably lead to 511 wi ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 161.5 Percentage Change: + 3.53% Day High: 163.5 Day Low: 156

Further movement against Zoo Digital ABOVE 163.5 should improve accelerat ……..

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

#FTSE #GOLD

Our brief comment yesterday on Meta (Facebook) appears to be proving quite prescient, the share price currently 25% down and looking increasingly capable of achieving our threatened bottom at 77 dollars. As for the FTSE, it’s astounding to note it’s almost hopeful for the future. But only “almost”…

The FTSE had ample opportunity to close slightly higher than its previous closing price high, 7086 points on October 4th. Instead, the UK market closed, despite a fairly happy day, just up 0.2% at 7073 points, below the previous high. This is a bit of an issue, thanks to a potential which was making a grudging appearance this week.

We’ve been banging on about how important it is for a falling market to exceed a point of trend break, effectively cancelling any immediate reversal predictions. The FTSE broke its Pandemic Trend back on September 23rd, the exact level of trend break calculating at 7180.17 points. In accordance with our in-house rules, the index needs close above this level to make the first step to escape from a market region which sports a potential bottom around 6350 points. To be fair, if the UK index would even trade above 7180 points, our inclination will be to ease up on the doom and gloom and instead allow a bias toward optimism, that feeling everyone has until they look in a mirror. Or maybe that’s just me!

Humour aside, the FTSE achieving a high of 7093 on Thursday was almost a big deal as movement above 7094 points calculates with the potential of gains in the direction of 7146 next with secondary, if beaten, working out at 7197. This secondary is obviously important, residing above the trend break level of 7180 and hopefully giving the UK index a chance to close in the realms of relative safety. If triggered, the tightest stop looks wide at 7034 points.

 

If trouble is planned, below 7034 looks capable of issues as reversal to an initial 6995 calculates as possible. If broken, our secondary comes in at 6970 and hopefully a proper bounce.

 

Have a good weekend. For us, it’s Nacho’s Sunday for Formula 1 from Mexico.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:43:18PM	BRENT	94.84	93.25	92.87		94.58	95.58	98.77		93.3	‘cess
9:47:26PM	GOLD	1662.02	1654	1650		1665	1674	1678		1660
9:50:48PM	FTSE	7040	6994	6984		7035	7077	7096		7044	‘cess
9:55:18PM	STOX50	3579.8	3540	3521		3593	3619	3631		3587	Shambles
9:57:34PM	GERMANY	13126	13026	12972.5		13136	13236	13269		13134	‘cess
9:59:40PM	US500	3784	3747	3724		3812	3839	3861		3808	Success
10:09:53PM	DOW	31980	31849	31676		32067	32290	32431		32060	‘cess
10:15:26PM	NASDAQ	11075	11005	10902		11115	11422	11509		11184	Success
10:17:44PM	JAPAN	27040	26923	26813		27062	27208	27241		27074	Success

 

27/10/2022 FTSE Closed at 7073 points. Change of 0.24%. Total value traded through LSE was: £ 4,925,692,743 a change of -22.87%

26/10/2022 FTSE Closed at 7056 points. Change of 0.61%. Total value traded through LSE was: £ 6,386,400,567 a change of 43.51%

25/10/2022 FTSE Closed at 7013 points. Change of 0%. Total value traded through LSE was: £ 4,450,107,561 a change of -2.44%

24/10/2022 FTSE Closed at 7013 points. Change of 0.63%. Total value traded through LSE was: £ 4,561,328,828 a change of -1.86%

21/10/2022 FTSE Closed at 6969 points. Change of 0.37%. Total value traded through LSE was: £ 4,647,659,700 a change of -14.5%

20/10/2022 FTSE Closed at 6943 points. Change of 0.27%. Total value traded through LSE was: £ 5,436,111,933 a change of 16.23%

19/10/2022 FTSE Closed at 6924 points. Change of -0.17%. Total value traded through LSE was: £ 4,677,060,342 a change of 1.53%

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:BP. BP PLC** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:NWG Natwest** **LSE:RR. Rolls Royce** **LSE:SRP Serco** **LSE:TSCO Tesco** **

********

Updated charts published on : BP PLC, British Airways, Igas Energy, IG Group, Intercontinental Hotels Group, ITM Power, ITV, Just Eat, Natwest, Rolls Royce, Serco, Tesco,

LSE:BP. BP PLC. Close Mid-Price: 481.9 Percentage Change: + 3.41% Day High: 483.3 Day Low: 466.45

Target met. In the event of BP PLC enjoying further trades beyond 483.3, ……..

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LSE:IAG British Airways. Close Mid-Price: 119.66 Percentage Change: + 1.08% Day High: 120.62 Day Low: 117

All British Airways needs are mid-price trades ABOVE 120.62 to improve a ……..

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LSE:IGAS Igas Energy Close Mid-Price: 27.7 Percentage Change: -3.15% Day High: 29.5 Day Low: 26

Target met. In the event Igas Energy experiences weakness below 26 it cal ……..

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LSE:IGG IG Group Close Mid-Price: 796.5 Percentage Change: -0.31% Day High: 802 Day Low: 790

Further movement against IG Group ABOVE 802 should improve acceleration t ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4659 Percentage Change: + 0.15% Day High: 4730 Day Low: 4609

Target met. Continued trades against IHG with a mid-price ABOVE 4730 shou ……..

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LSE:ITM ITM Power Close Mid-Price: 83.7 Percentage Change: -19.87% Day High: 87.66 Day Low: 66.02

Target met. If ITM Power experiences continued weakness below 66.02, it w ……..

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LSE:ITV ITV. Close Mid-Price: 69.6 Percentage Change: + 1.31% Day High: 70.12 Day Low: 67.62

All ITV needs are mid-price trades ABOVE 70.12 to improve acceleration to ……..

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LSE:JET Just Eat Close Mid-Price: 1501.6 Percentage Change: -0.56% Day High: 1533.8 Day Low: 1476.4

Continued trades against JET with a mid-price ABOVE 1533.8 should improve ……..

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LSE:NWG Natwest. Close Mid-Price: 247.7 Percentage Change: + 1.27% Day High: 247.4 Day Low: 240.3

Further movement against Natwest ABOVE 247.4 should improve acceleration ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 76.34 Percentage Change: + 2.51% Day High: 76.64 Day Low: 73.88

All Rolls Royce needs are mid-price trades ABOVE 76.64 to improve acceler ……..

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LSE:SRP Serco Close Mid-Price: 163.3 Percentage Change: -0.12% Day High: 167 Day Low: 162

In the event of Serco enjoying further trades beyond 167, the share shoul ……..

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LSE:TSCO Tesco. Close Mid-Price: 212.8 Percentage Change: + 0.28% Day High: 215.6 Day Low: 210.8

All Tesco needs are mid-price trades ABOVE 215.6 to improve acceleration ……..

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

#Gold #Brent

This is proving to be a funny old week, unexpectedly giving chart updates against 6 world markets to “prove” how poorly the FTSE is performing. Finally, there are signs the FTSE could be about to sit up and take note of what’s happening everywhere else, aside from a tiny little problem. We’d mentioned other markets had early signs of running out of short term “oomph” and this came to fruition on Wednesday.

For Thursday, at present, things certainly look quite rosy for the FTSE…

Wall St managed to close Wednesday unchanged while the S&P dropped by 0.7%. And the weakest of the American party, the Nasdaq, decided to see what would happen if it reversed by 2.3%. The damage to the Nasdaq could be easily ascertained as it’s US Earnings season and two major Nasdaq constituents, returned some dodgy numbers, provoking Google to fall by 10% and Microsoft by 7.8%. With Meta (Facebook), Intel, Amazon, amongst many Nasdaq constituents due to report by the end of this week, there’s plenty of reason to wonder if bad behaviour on this index shall spread to the wider market place. We glanced at Meta earlier and quick calculations mentioned a potential of weakness coming to 77 USD. At time of writing, the share is trading around 107 USD.

 

As for QinetiQ, we’re mildly surprised their share price isn’t doing better, our thinking being the company must relish current conditions in Europe as military conflict must surely form a pretty big part of a defence contractors business plan. A quick glance through news stories relating to QinetiQ for recent months indicate the company isn’t sitting around, awaiting governments filling their online shopping baskets but instead, continues to expand the company, most recently acquiring an Australian aviation company who go by the interesting name of Air Affairs.

Any hope this was an organisation facilitating comfortable membership of the Mile High Club was disappointed. Instead, it’s a company who provide Threat Representation and Mission Rehearsal products to the Australian military. Presumably, this means they fly drones or tow targets through the sky.

Presently trading around 357p, QinetiQ share price needs exceed 363p to look capable of triggering share price movement to 380p next. Should this initial target level be exceeded, our longer term secondary calculates at 411p, an amazing ambition as it will represent a new all time high. Invariably, in such a situation, some hesitation can be expected but crucially, closure above the 400p level shall be regarded as important, moving the price into a zone where a future 477p works out as possible.

 

If QinetiQ intend spoil the party, their share price needs sink below 325p as this risks triggering reversal to 294p with secondary, if broken, at 272p and hopefully a bouncy bottom. But for now, similar to the FTSE, we suspect some hope for the future is allowed.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:26:29PM	BRENT	94.27	92.1	91.87	91.02	93.2	94.42	95.15	95.97	92.73	Success
9:28:57PM	GOLD	1664.03	1654	1652	1645	1665	1672	1676	1689	1660	Success
9:31:14PM	FTSE	7033									‘cess
9:33:14PM	STOX50	3593									‘cess
9:35:42PM	GERMANY	13155									Success
9:38:02PM	US500	3838									‘cess
9:41:30PM	DOW	31932									‘cess
9:46:05PM	NASDAQ	11413
9:48:50PM	JAPAN	27411

 

26/10/2022 FTSE Closed at 7056 points. Change of 0.61%. Total value traded through LSE was: £ 6,386,400,567 a change of 43.51%

25/10/2022 FTSE Closed at 7013 points. Change of 0%. Total value traded through LSE was: £ 4,450,107,561 a change of -2.44%

24/10/2022 FTSE Closed at 7013 points. Change of 0.63%. Total value traded through LSE was: £ 4,561,328,828 a change of -1.86%

21/10/2022 FTSE Closed at 6969 points. Change of 0.37%. Total value traded through LSE was: £ 4,647,659,700 a change of -14.5%

20/10/2022 FTSE Closed at 6943 points. Change of 0.27%. Total value traded through LSE was: £ 5,436,111,933 a change of 16.23%

19/10/2022 FTSE Closed at 6924 points. Change of -0.17%. Total value traded through LSE was: £ 4,677,060,342 a change of 1.53%

18/10/2022 FTSE Closed at 6936 points. Change of 0.23%. Total value traded through LSE was: £ 4,606,547,755 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:AFC AFC Energy** **LSE:ASC Asos** **LSE:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:CCL Carnival** **LSE:CEY Centamin** **LSE:DGE Diageo** **LSE:GLEN Glencore Xstra** **LSE:IGAS Igas Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:ITRK Intertek** **LSE:JET Just Eat** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **

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Updated charts published on : AFC Energy, Asos, Barrett Devs, British Telecom, Carnival, Centamin, Diageo, Glencore Xstra, Igas Energy, Intercontinental Hotels Group, Intertek, Just Eat, Natwest, Ocado Plc, Oxford Instruments, Serco, Standard Chartered,

LSE:AFC AFC Energy. Close Mid-Price: 20.3 Percentage Change: + 8.21% Day High: 20.82 Day Low: 18.02

Further movement against AFC Energy ABOVE 20.82 should improve accelerati ……..

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LSE:ASC Asos. Close Mid-Price: 639 Percentage Change: + 8.49% Day High: 658 Day Low: 573

Target met. In the event of Asos enjoying further trades beyond 658, the ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 378.3 Percentage Change: + 1.45% Day High: 385.5 Day Low: 372.9

Target met. Continued trades against BDEV with a mid-price ABOVE 385.5 sh ……..

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LSE:BT.A British Telecom. Close Mid-Price: 126.4 Percentage Change: + 0.56% Day High: 127.25 Day Low: 125.5

Further movement against British Telecom ABOVE 127.25 should improve acce ……..

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LSE:CCL Carnival. Close Mid-Price: 681.8 Percentage Change: + 3.81% Day High: 690.6 Day Low: 653

Target met. In the event of Carnival enjoying further trades beyond 690.6 ……..

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LSE:CEY Centamin. Close Mid-Price: 94.8 Percentage Change: + 1.28% Day High: 95 Day Low: 93.42

All Centamin needs are mid-price trades ABOVE 95 to improve acceleration ……..

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LSE:DGE Diageo Close Mid-Price: 3581.5 Percentage Change: -1.32% Day High: 3616.5 Day Low: 3505

If Diageo experiences continued weakness below 3505, it will invariably l ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 515.9 Percentage Change: + 2.63% Day High: 515.2 Day Low: 500.4

In the event of Glencore Xstra enjoying further trades beyond 515.2, the ……..

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LSE:IGAS Igas Energy Close Mid-Price: 28.6 Percentage Change: -27.41% Day High: 41.4 Day Low: 27.8

Weakness on Igas Energy below 27.8 will invariably lead to 26 with second ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4652 Percentage Change: + 1.64% Day High: 4650 Day Low: 4561

All Intercontinental Hotels Group needs are mid-price trades ABOVE 4650 t ……..

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LSE:ITRK Intertek. Close Mid-Price: 3863 Percentage Change: + 1.21% Day High: 3888 Day Low: 3806

Continued trades against ITRK with a mid-price ABOVE 3888 should improve ……..

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LSE:JET Just Eat. Close Mid-Price: 1510 Percentage Change: + 3.23% Day High: 1519.4 Day Low: 1430

Further movement against Just Eat ABOVE 1519.4 should improve acceleratio ……..

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LSE:NWG Natwest. Close Mid-Price: 244.6 Percentage Change: + 0.08% Day High: 246.7 Day Low: 242.5

In the event of Natwest enjoying further trades beyond 246.7, the share s ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 501.4 Percentage Change: -0.67% Day High: 523.6 Day Low: 487.2

Target met. In the event of Ocado Plc enjoying further trades beyond 523. ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2075 Percentage Change: + 3.49% Day High: 2090 Day Low: 1986

Target met. All Oxford Instruments needs are mid-price trades ABOVE 2090 ……..

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LSE:SRP Serco. Close Mid-Price: 163.5 Percentage Change: + 0.49% Day High: 164.1 Day Low: 161.6

Further movement against Serco ABOVE 164.1 should improve acceleration to ……..

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LSE:STAN Standard Chartered Close Mid-Price: 526 Percentage Change: -5.12% Day High: 567.4 Day Low: 521.2

In the event Standard Chartered experiences weakness below 521.2 it calcu ……..

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