Author: T&T Staff

#FTSE #STOXX50 

With news the incompetent UK Prime Minister was finally doing the right thing, we’d expected the FTSE to show some flamboyant behaviour but it proved not the case. It’s hard to believe the bloke is hanging onto the job for a few more months, so he can get free use of Chequers, the official PM residence, for his next wedding & the unusual experience of hosting a party without being fined.

This tends encapsulate the impression given by the PM throughout the pandemic, essentially not caring about anything other than personal vanity.

When the PM made his announcement, the FTSE did manage to rise immediately by a fairly trivial 25 points, deciding to stabilise around the 7200 point level for the rest of the session. We certainly could not describe it as a wild celebration by the markets due to Boris’s less than graceful exit. If we’re honest, we still suspect the FTSE is awaiting an excuse for a bit of a bloodletting, thanks to its behaviour since the start of June. Initially, July started with the first couple of trading days showing astoundingly low volumes, making us fear the worst. However, volumes appear to have returned to “normal” levels and the FTSE now requires exceed just 7220 points to kick its way through the immediate Blue downtrend. Thankfully, there are some immediate potentials which suggest slight optimism may be permissible.

 

Currently, above 7220 should prove capable of triggering movement to an initial 7255 points, a modest 35 point rise. If exceeded, our secondary calculates at 7333 points, visually matching the highs of last month doubtless provoking some hesitation for this reason. It’s important we mention our suspicion of a coming near term bloodbath recedes quite dramatically in this scenario, the FTSE proving able to break free of the suspiciously concise Blue downtrend..

 

For things to start going wrong for the FTSE, the index needs flop below 7135 points to risk triggering reversal to an initial 7093 points. In the event this level breaks, things risk becoming quite twitchy as our secondary works out at 6999 points, below the Red uptrend since 2020. This represents a market level which could swiftly lose another 200 points without much effort, should the markets discover news which is perceived as bad.

 

Have a good weekend, the weather looks great and hopefully the Austrian GP proves as entertaining as last weekends efforts from Silverstone.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:59:58PM	BRENT	103.16	97.65	95.86		100.22	105.28	106.71		102.5	Success
10:01:51PM	GOLD	1740.41	1736	1732		1745	1750	1756		1739
10:04:49PM	FTSE	7194.01	7126	7112		7168	7214	7234		7169	‘cess
10:09:55PM	STOX50	3491	3450	3445		3490	3498	3509		3470
10:13:17PM	GERMANY	12853	12701	12689		12767	12877	12923		12798	‘cess
10:32:30PM	US500	3895	3829	3812		3865	3911	3928		3881	‘cess
10:39:31PM	DOW	31351	31034	30885		31190	31431	31593		31305	‘cess
10:44:17PM	NASDAQ	12092	11859	11757		11945	12138	12252		11996
10:53:44PM	JAPAN	26630	26376	26295		26585	26692	26844		26457	Success

 

7/07/2022 FTSE Closed at 7189 points. Change of 1.15%. Total value traded through LSE was: £ 7,840,836,272 a change of 27.41%

6/07/2022 FTSE Closed at 7107 points. Change of 1.17%. Total value traded through LSE was: £ 6,153,962,952 a change of -14.34%

5/07/2022 FTSE Closed at 7025 points. Change of -2.86%. Total value traded through LSE was: £ 7,184,234,461 a change of 102.6%

4/07/2022 FTSE Closed at 7232 points. Change of 0.64%. Total value traded through LSE was: £ 3,546,030,521 a change of -26.75%

1/07/2022 FTSE Closed at 7186 points. Change of 0.24%. Total value traded through LSE was: £ 4,840,883,193 a change of -20.03%

30/06/2022 FTSE Closed at 7169 points. Change of -1.96%. Total value traded through LSE was: £ 6,053,180,020 a change of 8.35%

29/06/2022 FTSE Closed at 7312 points. Change of -0.15%. Total value traded through LSE was: £ 5,586,821,429 a change of -8.41%

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:AZN Astrazeneca** **LSE:BBY BALFOUR BEATTY** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HSBA HSBC** **LSE:MKS Marks and Spencer** **LSE:OCDO Ocado Plc** **LSE:PMG Parkmead** **LSE:PPC President Energy** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SPX Spirax** **LSE:TERN Tern Plc** **LSE:TW. Taylor Wimpey** **

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Updated charts published on : Asos, Astrazeneca, BALFOUR BEATTY, Gulf Keystone, Glencore Xstra, HSBC, Marks and Spencer, Ocado Plc, Parkmead, President Energy, Scancell, Speedyhire, Spirax, Tern Plc, Taylor Wimpey,

LSE:ASC Asos. Close Mid-Price: 982.5 Percentage Change: + 8.09% Day High: 981.5 Day Low: 896.5

Above 983 still looks capable of a lift to 992 with secondary, if bettered ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 11004 Percentage Change: + 0.24% Day High: 11170 Day Low: 10990

Further movement against Astrazeneca ABOVE 11170 should improve accelerati ……..

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 259.8 Percentage Change: + 2.53% Day High: 260.6 Day Low: 254.4

Further movement against BALFOUR BEATTY ABOVE 261 should improve accelerat ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 243.5 Percentage Change: + 6.10% Day High: 246 Day Low: 230

Apparently above 246 now points at 256 next with secondary, if beaten, at ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 433.25 Percentage Change: + 6.07% Day High: 443.05 Day Low: 416.45

Now above 444 suggests coming recovery to 475 next with secondary, if exce ……..

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LSE:HSBA HSBC. Close Mid-Price: 535.6 Percentage Change: + 3.26% Day High: 538.1 Day Low: 525.4

All HSBC needs are mid-price trades ABOVE 556 to signal ongoing traffic t ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 138.7 Percentage Change: + 2.74% Day High: 139.15 Day Low: 135.2

In the event Marks and Spencer experiences weakness below 129 it calculate ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 851.4 Percentage Change: + 3.40% Day High: 851.6 Day Low: 812.8

Now above 853 calculates with the potential of 922 next with secondary, if ……..

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LSE:PMG Parkmead. Close Mid-Price: 48.45 Percentage Change: + 10.24% Day High: 49.9 Day Low: 45.7

The share price now needs exceed 50 to fuel breathless enthusiasm, apparen ……..

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LSE:PPC President Energy Close Mid-Price: 1.35 Percentage Change: -1.82% Day High: 1.38 Day Low: 1.35

Target met. Or near enough. Continued weakness against PPC taking the pric ……..

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LSE:SCLP Scancell Close Mid-Price: 12.25 Percentage Change: -4.85% Day High: 12.88 Day Low: 12.12

Now below 12 suggests imminent weakness to an initial 9.5p. If broken, our ……..

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LSE:SDY Speedyhire. Close Mid-Price: 43.05 Percentage Change: + 2.01% Day High: 43.1 Day Low: 41.7

Target Met or sufficiently close. If Speedyhire experiences continued weak ……..

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LSE:SPX Spirax. Close Mid-Price: 10710 Percentage Change: + 0.89% Day High: 10795 Day Low: 10595

All Spirax needs are mid-price trades ABOVE 10795 to continue acceleration ……..

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LSE:TERN Tern Plc Close Mid-Price: 9.85 Percentage Change: -6.19% Day High: 10.5 Day Low: 9.75

Ongoing weakness below 9.7 continues to point at reversal to an initial 8. ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 114.85 Percentage Change: -0.52% Day High: 116.25 Day Low: 113.35

Continued weakness against TW. taking the price below 113.2 calculates as ……..

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View Previous Taylor Wimpey & Big Picture ***

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

#Gold #Nasdaq

Our weekly trawl through European shares was made easy, when an respected analyst decided to start the week with a 12.5 Euro target for E.On. We’ve hesitated a few times recently, when considering running an analysis as the visuals were not great. Now, we’re wondering if someone at JPMC has rose tinted glasses! If so, there’s probably a job waiting for them at 10 Downing St.

Energy giant E.On, trading in 13 countries across Europe and over 30 worldwide, appear to be trying hardest in the renewable sector. Unfortunately, a glance through Google News reveals customer service remains a particular sector the company fail to excel in, quite the opposite it seems as they were recently ranked in the bottom four suppliers due to their treatment of consumers.

Their share price, doubtless due to the Russia things, now appears to be setting itself up for some dramatics, taking aim at a direction quite the opposite of that mooted by the respected analyst.

 

Presently trading around the 8€ level, weakness now below 7.7 looks very capable of promoting reversal down to an initial 7.3€, along with slight hope of a short lived bounce. However, should 7.3 break, our secondary calculates at 6.6, matching the lows from 5 years ago, and doubtless causing a proper rebound, if only due to the number of folk glancing at a chart.

We do have a cautionary note, should 6.6€ break as we can work out an “ultimate bottom” level down at 5.5€, a level at which the price almost must recoil.

We’re lacking in confidence any rebound shall enjoy sufficient force to reach JPMC’s target of 12.5€

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:41:10PM	BRENT	98.76
10:44:18PM	GOLD	1739.52	1731	1726	1700	1772	1771	1785	1803	1759	Success
10:47:06PM	FTSE	7158.75									Success
10:48:41PM	STOX50	3027.9
10:51:11PM	GERMANY	12686									‘cess
10:54:20PM	US500	3851									‘cess
10:55:59PM	DOW	31079
10:58:41PM	NASDAQ	11885.85	11695	11611	11500	11797	11945	12003	12111	11765	‘cess
11:01:00PM	JAPAN	26265

 

6/07/2022 FTSE Closed at 7107 points. Change of 1.17%. Total value traded through LSE was: £ 6,153,962,952 a change of -14.34%

5/07/2022 FTSE Closed at 7025 points. Change of -2.86%. Total value traded through LSE was: £ 7,184,234,461 a change of 102.6%

4/07/2022 FTSE Closed at 7232 points. Change of 0.64%. Total value traded through LSE was: £ 3,546,030,521 a change of -26.75%

1/07/2022 FTSE Closed at 7186 points. Change of 0.24%. Total value traded through LSE was: £ 4,840,883,193 a change of -20.03%

30/06/2022 FTSE Closed at 7169 points. Change of -1.96%. Total value traded through LSE was: £ 6,053,180,020 a change of 8.35%

29/06/2022 FTSE Closed at 7312 points. Change of -0.15%. Total value traded through LSE was: £ 5,586,821,429 a change of -8.41%

28/06/2022 FTSE Closed at 7323 points. Change of 0.9%. Total value traded through LSE was: £ 6,100,040,096 a change of -3.89%

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:AZN Astrazeneca** **LSE:BBY BALFOUR BEATTY** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:GENL Genel** **LSE:LLOY Lloyds Grp.** **LSE:OPG OPG Power Ventures** **LSE:PMG Parkmead** **LSE:SDY Speedyhire** **LSE:SPX Spirax** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **LSE:TRN The Trainline** **

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Updated charts published on : Asos, Astrazeneca, BALFOUR BEATTY, BP PLC, British Telecom, Genel, Lloyds Grp., OPG Power Ventures, Parkmead, Speedyhire, Spirax, Tern Plc, Tullow, The Trainline,

LSE:ASC Asos. Close Mid-Price: 909 Percentage Change: + 1.39% Day High: 928.5 Day Low: 896.5

Above 930 looks capable of a lift to 992 with secondary, if bettered, at 1 ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 10978 Percentage Change: + 1.65% Day High: 11092 Day Low: 10880

Further movement against Astrazeneca ABOVE 11092 should improve accelerati ……..

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 253.4 Percentage Change: + 0.64% Day High: 257 Day Low: 251.8

Further movement against BALFOUR BEATTY ABOVE 258 should improve accelerat ……..

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LSE:BP. BP PLC Close Mid-Price: 368.65 Percentage Change: -1.25% Day High: 387.7 Day Low: 365.3

This has gotten nasty as below 365 now suggests drilling down to an initia ……..

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LSE:BT.A British Telecom. Close Mid-Price: 189.2 Percentage Change: + 0.03% Day High: 196.3 Day Low: 189.85

All British Telecom needs are mid-price trades ABOVE 197 to improve accele ……..

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LSE:GENL Genel Close Mid-Price: 122 Percentage Change: -4.84% Day High: 131 Day Low: 122.4

A fairly major update appears justified. If Genel experiences continued we ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 41.3 Percentage Change: -0.15% Day High: 42.27 Day Low: 41.09

With some slight changes, it now looks like weakness below 41 shall attemp ……..

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LSE:OPG OPG Power Ventures Close Mid-Price: 5.8 Percentage Change: -1.36% Day High: 6.05 Day Low: 5.76

If OPG Power Ventures experiences continued weakness below 5.76, it will i ……..

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LSE:PMG Parkmead. Close Mid-Price: 43.95 Percentage Change: + 2.93% Day High: 54 Day Low: 43.5

The opening second produced a true “wait, what!” moment but now, below 43. ……..

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LSE:SDY Speedyhire. Close Mid-Price: 42.2 Percentage Change: + 1.08% Day High: 42.65 Day Low: 42.05

If Speedyhire experiences continued weakness below 42., it will invariabl ……..

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LSE:SPX Spirax. Close Mid-Price: 10615 Percentage Change: + 2.86% Day High: 10705 Day Low: 10375

All Spirax needs are mid-price trades ABOVE 10705 to continue acceleration ……..

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LSE:TERN Tern Plc Close Mid-Price: 10.5 Percentage Change: -2.33% Day High: 11 Day Low: 9.9

Ongoing weakness below 9.9 continues to point at reversal to an initial 8. ……..

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LSE:TLW Tullow Close Mid-Price: 39.66 Percentage Change: -6.20% Day High: 43.2 Day Low: 39.62

Weakness on Tullow below 39 will invariably lead to 37 with secondary, if ……..

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LSE:TRN The Trainline. Close Mid-Price: 340 Percentage Change: + 20.61% Day High: 361.8 Day Low: 305.8

Wonder if this is doing well, due to the number of folk leaving Downing St ……..

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View Previous The Trainline & Big Picture ***

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

#FTSE #DOW

A bunch of emails asking us to take a look at Equals Group automatically brought “First Among Equals” to mind, a book by ex-politician Jeffrey Archer. It was recently reported the No 10 Ethics Advisor had resigned. Why did no-one ask why an Ethics Advisor was needed in Downing St? In terms of entertainment, events tonight from Downing St easily provided more drama in a matter of minutes than Mr Archers overly respectful testimony to political misbehaviour.

 

For some reason, a few folk appear to believe something is happening with Equals Group, a company who develop payment platforms which allow clients to move and manage their money flow. In honesty, the website blurb is all very familiar, all the usual promises made, all the correct buzzwords emplaced. And then, you discover a few further details such as their 5 year agreement with Mastercard, their partnership with Citi Commercial Bank, even part of Bank of Englands Faster Payments Scheme.

Armed with this information and more, it becomes fairly clear Equals Group are rather more than a “look at us” contender in the payment platform field and instead, the AIM listed company deserve being taken quite seriously.

 

Their share price, trading around 87p at time of writing, enjoyed a +10% day on Tuesday, the price gapped from 80 to 83p at the market open and experiencing a high of 89p during the session. We can now calculate it needs exceed 92p to hopefully trigger further travel to an initial 92p, along with the chance of some slight hesitation. Things become a little less clear with closure above 102p, thanks to our secondary working out at 121p. Our reticence about this target level comes, due to an ability to calculate a longer term third target level at a future 147p, visually matching the all time highs experienced back in 2018.

It’s easy to believe positive news flow will be required to provoke such an impressive series of movements.

 

If everything intends go Boris Shaped, the share price needs below 67p as this risks serious trauma, an initial target of 57p probably being a footnote in history in a downhill charge to a painful 28p bottom eventually.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:36:07PM	BRENT	102.18									Success
9:38:21PM	GOLD	1766.42									Success
9:44:53PM	FTSE	7092.8	7009	6964	6831	7097	7109	7141	7185	7054
9:49:43PM	FRANCE	5875									Success
9:58:00PM	GERMANY	12559									Success
10:01:20PM	US500	3831.49									Success
10:07:08PM	DOW	30959	30337	30107	29736	30575	31051	31277	31589	30858	Success
10:09:41PM	NASDAQ	11782.22									Success
10:12:37PM	JAPAN	26229									Shambles

 

5/07/2022 FTSE Closed at 7025 points. Change of -2.86%. Total value traded through LSE was: £ 7,184,234,461 a change of 102.6%

4/07/2022 FTSE Closed at 7232 points. Change of 0.64%. Total value traded through LSE was: £ 3,546,030,521 a change of -26.75%

1/07/2022 FTSE Closed at 7186 points. Change of 0.24%. Total value traded through LSE was: £ 4,840,883,193 a change of -20.03%

30/06/2022 FTSE Closed at 7169 points. Change of -1.96%. Total value traded through LSE was: £ 6,053,180,020 a change of 8.35%

29/06/2022 FTSE Closed at 7312 points. Change of -0.15%. Total value traded through LSE was: £ 5,586,821,429 a change of -8.41%

28/06/2022 FTSE Closed at 7323 points. Change of 0.9%. Total value traded through LSE was: £ 6,100,040,096 a change of -3.89%

27/06/2022 FTSE Closed at 7258 points. Change of 0.69%. Total value traded through LSE was: £ 6,347,029,355 a change of 0.8%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:AML Aston Martin** **LSE:AV. Aviva** **LSE:BDEV Barrett Devs** **LSE:CAR Carclo** **LSE:DARK Darktrace Plc** **LSE:EZJ EasyJet** **LSE:GENL Genel** **LSE:GLEN Glencore Xstra** **LSE:HL. Hargreaves Lansdown** **LSE:IAG British Airways** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:LLOY Lloyds Grp.** **LSE:PPC President Energy** **LSE:TLW Tullow** **LSE:TW. Taylor Wimpey** **

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Updated charts published on : AFC Energy, Aston Martin, Aviva, Barrett Devs, Carclo, Darktrace Plc, EasyJet, Genel, Glencore Xstra, Hargreaves Lansdown, British Airways, Intertek, ITV, Just Eat, Lloyds Grp., President Energy, Tullow, Taylor Wimpey,

LSE:AFC AFC Energy Close Mid-Price: 18.43 Percentage Change: -3.00% Day High: 20 Day Low: 17.84

Continued weakness against AFC taking the price below 17.84 calculates as ……..

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LSE:AML Aston Martin Close Mid-Price: 394.5 Percentage Change: -1.67% Day High: 426.1 Day Low: 382.5

In the event Aston Martin experiences weakness below 382.5 it calculates ……..

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LSE:AV. Aviva Close Mid-Price: 382.3 Percentage Change: -5.53% Day High: 405.3 Day Low: 383.1

If Aviva experiences continued weakness below 383.1, it will invariably l ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 448.5 Percentage Change: -2.50% Day High: 466.8 Day Low: 441.7

Continued weakness against BDEV taking the price below 441.7 calculates a ……..

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LSE:CAR Carclo Close Mid-Price: 20.25 Percentage Change: -3.57% Day High: 20.5 Day Low: 19

In the event Carclo experiences weakness below 19 it calculates with a dr ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 292.1 Percentage Change: + 1.56% Day High: 298.1 Day Low: 281.3

Continued weakness against DARK taking the price below 281.3 calculates a ……..

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LSE:EZJ EasyJet Close Mid-Price: 345.5 Percentage Change: -4.11% Day High: 365.1 Day Low: 338.3

Continued weakness against EZJ taking the price below 338.3 calculates as ……..

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LSE:GENL Genel Close Mid-Price: 128.2 Percentage Change: -7.10% Day High: 138.2 Day Low: 128.6

If Genel experiences continued weakness below 128.6, it will invariably l ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 400 Percentage Change: -7.99% Day High: 437.5 Day Low: 398.95

Weakness on Glencore Xstra below 398.95 will invariably lead to 377 with ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 763.2 Percentage Change: -1.27% Day High: 781.8 Day Low: 759

Continued weakness against HL. taking the price below 759 calculates as l ……..

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LSE:IAG British Airways Close Mid-Price: 102.9 Percentage Change: -4.37% Day High: 109.08 Day Low: 102.88

Weakness on British Airways below 102.88 will invariably lead to 98 with ……..

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LSE:ITRK Intertek Close Mid-Price: 4210 Percentage Change: -0.43% Day High: 4264 Day Low: 4137

Weakness on Intertek below 4137 will invariably lead to 4081 with seconda ……..

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LSE:ITV ITV Close Mid-Price: 63.16 Percentage Change: -3.43% Day High: 65.78 Day Low: 62.06

Target met. Weakness on ITV below 62.06 will invariably lead to 60 with s ……..

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LSE:JET Just Eat Close Mid-Price: 1187.8 Percentage Change: -2.50% Day High: 1262.6 Day Low: 1139.2

Continued weakness against JET taking the price below 1139.2 calculates a ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 41.35 Percentage Change: -3.07% Day High: 43.27 Day Low: 41.34

If Lloyds Grp. experiences continued weakness below 41.34, it will invari ……..

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LSE:PPC President Energy Close Mid-Price: 1.4 Percentage Change: -5.08% Day High: 1.5 Day Low: 1.4

Continued weakness against PPC taking the price below 1.4 calculates as l ……..

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LSE:TLW Tullow Close Mid-Price: 42.28 Percentage Change: -6.91% Day High: 45.82 Day Low: 42.4

Weakness on Tullow below 42.4 will invariably lead to 37 with secondary, ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 113.8 Percentage Change: -3.93% Day High: 119.4 Day Low: 113.2

Continued weakness against TW. taking the price below 113.2 calculates as ……..

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

#Gold #SP500

Market volumes appear to have gone through the floor for the start of July. Quite literally, the financial value of trades through LSE appear to have dropped 25% in the first couple of days trading this month, far from encouraging, the dip also substantially below fiscal levels for the same period in 2020 and 2021. Goodness knows how the holiday month, August, shall perform. Needless to say, we shall be keeping a weather eye on this, due to low volumes never being associated with a vibrant happy marketplace.

We’ve been asked to include the Euro STOXX 50 in our daily deliberations, but before we start, we opted to take a bigger picture glance at the index. One fair criticism of the Dax and the CAC is the proliferation of trading gaps, making it difficult and dangerous to place ‘fire and forget’ orders on some platforms. Few things are more annoying than a carefully thought out trading scenario being skipped over, due to a market gap appearing for usually unknown reasons. The STOXX 50 certainly appears less infected by trading gaps, this being a primary reason why some traders are apparently switching from Germany and France.

 

One thing which immediately managed a “sore thumb” impersonation was a series of market movements on the chart, just as June drizzled to a close. We’re always a little interested, when something breaks below an established uptrend as it’s often a pretty sane early warning signal of coming trauma. The converse can often prove equally true and the Stoxx50 managed it in glorious technocolour. On the 27th and 28th of June, the index poked above the uptrend, yet failed to actually close above Red.

The two chart insets below show what happened, quite clearly advising anyone paying attention this Red uptrend in important and the market is aware of it. The care with which the market ensured the index was not permitted to close a session in safety is extremely interesting, almost promising future closure above Red shall be a pretty safe indicator of coming gains. However, if we toss our suspicions to the side, the immediate prospects are not encouraging.

Now below 3430 points risks triggering some painful reversals, threatening a cycle down to an initial 3030 points. Should such a level break, our ‘longer term’ secondary works out at 2621 points and hopefully a solid bottom. Unfortunately, visually each target level makes quite a lot of sense.

 

Our alternate is a little easier on the eye, the index needing above 3490 to hopefully trigger a cycle of surprise gains to an initial 3662 points with secondary, if exceeded, calculating at a game changing (for the longer term) 3790 points. We suspect the Stoxx50 shall prove interesting as currently, the index doesn’t ‘feel’ like it wants to go down. Unfortunately, the market has also placed itself in a position, where world events can force swift reversals while the index loiters below Red on the chart.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:42:11PM	BRENT	113.11									‘cess
9:43:50PM	GOLD	1808.62	1803	1800	1796	1811	1815	1820	1832	1803
9:45:32PM	FTSE	7226
9:47:14PM	FRANCE	5951
9:49:19PM	GERMANY	12780
9:50:54PM	US500	3810	3788	3781	3768	3806	3822	3854	3893	3788
9:52:51PM	DOW	30984
9:54:29PM	NASDAQ	11527
9:57:16PM	JAPAN	26255

 

4/07/2022 FTSE Closed at 7232 points. Change of 0.64%. Total value traded through LSE was: £ 3,546,030,521 a change of -26.75%

1/07/2022 FTSE Closed at 7186 points. Change of 0.24%. Total value traded through LSE was: £ 4,840,883,193 a change of -20.03%

30/06/2022 FTSE Closed at 7169 points. Change of -1.96%. Total value traded through LSE was: £ 6,053,180,020 a change of 8.35%

29/06/2022 FTSE Closed at 7312 points. Change of -0.15%. Total value traded through LSE was: £ 5,586,821,429 a change of -8.41%

28/06/2022 FTSE Closed at 7323 points. Change of 0.9%. Total value traded through LSE was: £ 6,100,040,096 a change of -3.89%

27/06/2022 FTSE Closed at 7258 points. Change of 0.69%. Total value traded through LSE was: £ 6,347,029,355 a change of 0.8%

24/06/2022 FTSE Closed at 7208 points. Change of 2.68%. Total value traded through LSE was: £ 6,296,850,381 a change of 10.86%

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:AV. Aviva** **LSE:EMG MAN** **LSE:OXIG Oxford Instruments** **LSE:PMG Parkmead** **LSE:SDY Speedyhire** **LSE:SPX Spirax** **LSE:VOD Vodafone** **

********

Updated charts published on : AFC Energy, Aviva, MAN, Oxford Instruments, Parkmead, Speedyhire, Spirax, Vodafone,

LSE:AFC AFC Energy Close Mid-Price: 19 Percentage Change: -4.47% Day High: 20.5 Day Low: 18.74

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LSE:AV. Aviva. Close Mid-Price: 404.7 Percentage Change: + 0.77% Day High: 406.6 Day Low: 402

The situation with this now is a need to exceed 453p to trigger movement t ……..

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LSE:EMG MAN. Close Mid-Price: 245.6 Percentage Change: + 0.95% Day High: 250.5 Day Low: 243.2

All MAN needs are mid-price trades ABOVE 265 to improve acceleration towar ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 1966 Percentage Change: -0.81% Day High: 1992 Day Low: 1888

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LSE:PMG Parkmead. Close Mid-Price: 42.25 Percentage Change: + 0.60% Day High: 42.1 Day Low: 41.6

Below 41 now risks reversal kicking in to an initial 38 with secondary, if ……..

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LSE:SDY Speedyhire Close Mid-Price: 42.85 Percentage Change: -1.04% Day High: 43.6 Day Low: 42.65

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LSE:SPX Spirax. Close Mid-Price: 10130 Percentage Change: + 0.75% Day High: 10370 Day Low: 10025

All Spirax needs are mid-price trades ABOVE 10370 to improve acceleration ……..

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LSE:VOD Vodafone. Close Mid-Price: 128.66 Percentage Change: + 1.02% Day High: 130.48 Day Low: 128.3

Continued trades against VOD with a mid-price ABOVE 130.48 should improve ……..

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

#Brent #Dax 

The UK retail banks are still driving us crackers. It’s as if their share prices are being driven a BMW driver in the middle lane of a motorway approaching a turn lane. Everyone knows the BMW is going to do something, the only problem is what? Will it suddenly veer left without indicating or accelerate right, again without indicating. Perhaps it will indicate left, then accelerate right!

 

We constantly run scenario which monitor near term movements in the hope of getting a clue. Essentially, should a share price move a bit further in a specific direction than expected, this is often a reliable clue of a coming change, telling us which direction we’re best focussing on. A “funny” example of this nonsense came three weeks ago, where Lloyds had a pretty certain criteria pointing at coming reversal to 41.4p. But when the criteria triggered, the lowest the share price fell was to 41.52p. While the miss by 0.12p may appear inconsequential, perhaps this is a small clue which suggests hidden strength with Lloyds, the share price proving mildly protected from triggering greater reversals.

It’s a theory, one which often proves itself correct.

On this basis, if by 12/100ths of a penny Lloyds is opting to conceal hidden strength, we can calculate perhaps above just 43.72p shall not provide sufficient excuse to invest in a single party popper. At time of writing, the share is trading around 42.27p, so it hasn’t got far to go.

Above 43.72p calculates with the potential of a gain in the direction of 44.7 next with secondary, if exceeded, a slightly more interesting 46.4p. While these gains are visually fairly tame, importantly they exceed the immediate downtrend, challenge existing glass ceiling levels, and quite surprisingly, place the share price in a zone where “surprise” acceleration to a future 58p abruptly makes a degree of sense for the future.

 

Of course, there’s an alternate scenario we need consider.

What if Lloyds share price is driven by our mythical BMW pilot, opting to indicate right while veering to the left for the exit lane! Or in plain English, behaves just like a real share price in the UK stock market. We’re going to play relatively safe here, suggesting below 41.4p will not prove traumatic, breaking the Red uptrend since the pandemic low of 2020. Movement such as this risks triggering reversal to an initial 40.2p with secondary, when broken, at 38.2p and hopefully a proper bounce, if only due to sufficient number of folk assuming the price must rebound when it matches the “Russia Drop” of earlier this year. From a bigger picture perspective, we fear this would not be the case as a solid argument exists demanding it bounce from 32.5p eventually, should this scenario come to fruition.

 

Lloyds Bank, considerably less exciting than the British Grand Prix was! And there wasn’t a single BMW involved in the race…

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:34:08PM	BRENT	111.05	107.7	107.1	105.9	109.8	112.1	112.53	114.14	110.6
9:39:37PM	GOLD	1811.18									Success
9:41:44PM	FTSE	7235									Shambles
9:43:54PM	FRANCE	5994.8									Shambles
9:45:48PM	GERMANY	12921	12733	12657	12563	12846	12939	13000	13128	12850
9:52:33PM	US500	3825.72
9:55:45PM	DOW	31093
9:57:24PM	NASDAQ	11584
9:59:44PM	JAPAN	26325									Success

1/07/2022 FTSE Closed at 7186 points. Change of 0.24%. Total value traded through LSE was: £ 4,840,883,193 a change of -20.03%

30/06/2022 FTSE Closed at 7169 points. Change of -1.96%. Total value traded through LSE was: £ 6,053,180,020 a change of 8.35%

29/06/2022 FTSE Closed at 7312 points. Change of -0.15%. Total value traded through LSE was: £ 5,586,821,429 a change of -8.41%

28/06/2022 FTSE Closed at 7323 points. Change of 0.9%. Total value traded through LSE was: £ 6,100,040,096 a change of -3.89%

27/06/2022 FTSE Closed at 7258 points. Change of 0.69%. Total value traded through LSE was: £ 6,347,029,355 a change of 0.8%

24/06/2022 FTSE Closed at 7208 points. Change of 2.68%. Total value traded through LSE was: £ 6,296,850,381 a change of 10.86%

23/06/2022 FTSE Closed at 7020 points. Change of -0.97%. Total value traded through LSE was: £ 5,680,077,638 a change of -12.72%

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:DARK Darktrace Plc** **LSE:GENL Genel** **LSE:GLEN Glencore Xstra** **LSE:IPF International Personal Finance** **LSE:TLW Tullow** **

********

Updated charts published on : AFC Energy, Darktrace Plc, Genel, Glencore Xstra, International Personal Finance, Tullow,

LSE:AFC AFC Energy Close Mid-Price: 19.89 Percentage Change: -3.45% Day High: 21.96 Day Low: 19.43

Weakness on AFC Energy below 19.43 will invariably lead to 19 with second ……..

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LSE:DARK Darktrace Plc Close Mid-Price: 292.6 Percentage Change: -0.68% Day High: 300 Day Low: 284

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LSE:GENL Genel Close Mid-Price: 133.8 Percentage Change: -4.70% Day High: 140.4 Day Low: 132.8

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LSE:GLEN Glencore Xstra Close Mid-Price: 426.35 Percentage Change: -4.21% Day High: 445.3 Day Low: 409.75

Continued weakness against GLEN taking the price below 409.75 calculates ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 76.9 Percentage Change: + 0.52% Day High: 76.9 Day Low: 71.8

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LSE:TLW Tullow Close Mid-Price: 43.52 Percentage Change: -7.13% Day High: 46.42 Day Low: 42.8

If Tullow experiences continued weakness below 42.8, it will invariably l ……..

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

#FTSE #Gold 

As the daily massacre of crypto currency appears to be continuing, our chum who once enjoyed a substantial belief in Ripple has raised an eyebrow, asking for an update. Last time we glanced at Ripple, we finished with a throwaway comment giving criteria for reversal to 0.40. Currently, it’s around 0.32 which is pretty close to his original entry level…

 

Strangely, a few days ago, Ripple hit a logical bottom level and, while it hasn’t exactly bounced with conviction, there is slight hope the 0.28 level “may” prove to be a floor level. Since reversing to such a point, the price has certainly gyrated just above the floor but has neither recovered nor broken the floor. Maybe it’s a ‘fingers crossed’ moment as we’re seeing similar behaviour with Bitcoin and Ethereum. Of course, there’s always the risk the cryptocurrency market is awaiting a magical point, when it will decided everyone is convinced bottom is “in”, enacting a gotcha drop immediately thereafter. Certainly, with Bitcoin, sufficient argument remains threatening a final plunge to the 10,000 dollar level.

But we’re a little sceptical, ‘cos it’s all getting a little too obvious.

In the event Ripple does manage below 0.28 (or close a session below 0.308), further reversal to 0.208 looks possible with secondary, if broken, at 0.151 and hopefully an ultimate bottom, due to us being unable to calculate below such a point.

 

However, if our suspicion proves correct regarding the 0.28 level, Ripple need only exceed 0.37 to light the first spark of hope. This should apparently trigger movement to an initial 0.561 with secondary, if beaten, a more useful 0.735.

 

FTSE for FRIDAY (FTSE:UKX) Last night, I watched something strange happening. A moth was fluttering around, utterly directionless like the FTSE, when suddenly it dropped and flew directly to some yellow flowers growing in the garden. These flowers are generally awash with bees and wasps during the day, going about their business collecting nectar. The moth, illuminated by garden floodlights, behaved in exactly the same fashion as a bee, fluttering from bloom to bloom. For some reason, I’d always though moths existed solely on the shrieks of women, anxious not to gather one in her hair!

This, obviously, has everything to do with the FTSE as the unexpected can happen at any time…

The chart inset below is quite fascinating, from our perspective. Despite the FTSE experiencing a truly awful Thursday, it emulated the moth by deciding to visit the uptrend which it had broken during the day. But curiously, almost as if it were intended, the FTSE did not close the session below the uptrend. As a result, our immediate inclination is not to anticipate July starting with a 1st of the month massacre. Instead, above 7193 points looks capable of triggering surprise recovery to an initial 7257 points with secondary, if exceeded, calculating at 7298 points. At risk of being ‘a tease’, there’s a curious phenomena shaping up which also suggests above 7298 risks provoking a further recovery cycle to 7551 points sometime in the future.

 

If everything intends go horribly wrong, below 7110 has the potential to inflict some real trouble, calculating with the risk of reversal to 7090 points with secondary, if broken at 6985 points.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:57:33PM	BRENT	108.85	108	107.07	105.71	110.9	112.22	112.48	113.98	110.41	Success
9:59:43PM	GOLD	1807.56	1802.24	1794.48	1784.29	1814	1826	1832	1842	1815	‘cess
10:01:59PM	FTSE	7194	7156	7125	7089	7206	7234	7261	7313	7165	Success
10:05:32PM	FRANCE	5947.8	5904	5824	5810	5964	5961	5972	6013	5923
10:08:03PM	GERMANY	12805	12616	12556	12280	12710	12872	12958	13072	12756	Success
10:11:28PM	US500	3779.62	3735	3690	3670	3772	3818	3840	3875	3780	‘cess
10:23:08PM	DOW	30742	30412	30393	30194	30610	30990	31199	31460	30767	‘cess
10:25:56PM	NASDAQ	11486	11316	11071	11027	11422	11652	11763	11912	11504	Success
10:29:38PM	JAPAN	26381	26134	26045	25957	26286	26507	26587	26737	26357	Success

 

30/06/2022 FTSE Closed at 7169 points. Change of -1.96%. Total value traded through LSE was: £ 6,053,180,020 a change of 8.35%

29/06/2022 FTSE Closed at 7312 points. Change of -0.15%. Total value traded through LSE was: £ 5,586,821,429 a change of -8.41%

28/06/2022 FTSE Closed at 7323 points. Change of 0.9%. Total value traded through LSE was: £ 6,100,040,096 a change of -3.89%

27/06/2022 FTSE Closed at 7258 points. Change of 0.69%. Total value traded through LSE was: £ 6,347,029,355 a change of 0.8%

24/06/2022 FTSE Closed at 7208 points. Change of 2.68%. Total value traded through LSE was: £ 6,296,850,381 a change of 10.86%

23/06/2022 FTSE Closed at 7020 points. Change of -0.97%. Total value traded through LSE was: £ 5,680,077,638 a change of -12.72%

22/06/2022 FTSE Closed at 7089 points. Change of -0.88%. Total value traded through LSE was: £ 6,507,643,698 a change of 40.38%

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:AML Aston Martin** **LSE:CCL Carnival** **LSE:EZJ EasyJet** **LSE:IAG British Airways** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:ODX Omega Diags** **LSE:OPG OPG Power Ventures** **LSE:RMG Royal Mail** **LSE:SBRY Sainsbury** **LSE:TLW Tullow** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : AFC Energy, Aston Martin, Carnival, EasyJet, British Airways, ITM Power, Intertek, ITV, Lloyds Grp., Omega Diags, OPG Power Ventures, Royal Mail, Sainsbury, Tullow, Taylor Wimpey,

LSE:AFC AFC Energy Close Mid-Price: 20.6 Percentage Change: -5.94% Day High: 22.7 Day Low: 19.95

If AFC Energy experiences continued weakness below 19.95, it will invaria ……..

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LSE:AML Aston Martin Close Mid-Price: 442 Percentage Change: -7.96% Day High: 476.2 Day Low: 385

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LSE:CCL Carnival Close Mid-Price: 619.6 Percentage Change: -5.14% Day High: 651.8 Day Low: 597.8

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LSE:EZJ EasyJet Close Mid-Price: 366.6 Percentage Change: -5.17% Day High: 380 Day Low: 352.6

Target met. Weakness on EasyJet below 352.6 will invariably lead to 334 w ……..

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LSE:IAG British Airways Close Mid-Price: 107.62 Percentage Change: -3.64% Day High: 111 Day Low: 104.44

Target met. If British Airways experiences continued weakness below 104. ……..

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LSE:ITM ITM Power Close Mid-Price: 172.8 Percentage Change: -0.46% Day High: 178.25 Day Low: 165.45

Continued weakness against ITM taking the price below 165.45 calculates a ……..

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LSE:ITRK Intertek Close Mid-Price: 4206 Percentage Change: -3.31% Day High: 4276 Day Low: 4139

If Intertek experiences continued weakness below 4139, it will invariably ……..

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LSE:ITV ITV Close Mid-Price: 65.26 Percentage Change: -2.28% Day High: 65.62 Day Low: 63.36

Target met. In the event ITV experiences weakness below 63.36 it calculat ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 42.31 Percentage Change: -1.63% Day High: 42.69 Day Low: 41.52

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LSE:ODX Omega Diags Close Mid-Price: 3.1 Percentage Change: -7.46% Day High: 3.35 Day Low: 3.1

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LSE:OPG OPG Power Ventures Close Mid-Price: 6.05 Percentage Change: -2.42% Day High: 6.33 Day Low: 5.9

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LSE:RMG Royal Mail. Close Mid-Price: 269.7 Percentage Change: + 0.52% Day High: 272.3 Day Low: 257.6

Weakness on Royal Mail below 257.6 will invariably lead to 248 with secon ……..

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LSE:SBRY Sainsbury Close Mid-Price: 204 Percentage Change: -3.32% Day High: 209.1 Day Low: 200.9

Continued weakness against SBRY taking the price below 200.9 calculates a ……..

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LSE:TLW Tullow Close Mid-Price: 46.86 Percentage Change: -3.38% Day High: 48.08 Day Low: 46.28

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LSE:TW. Taylor Wimpey Close Mid-Price: 116.65 Percentage Change: -1.52% Day High: 117 Day Low: 113.65

Weakness on Taylor Wimpey below 113.65 will invariably lead to 112 with s ……..

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

#Gold #Nasdaq  

A weekly yacht race takes place across the sea loch, here in our bit of Argyll. Some weeks (vanishingly few), the ‘race’ can prove less than interesting to watch, the die-hards refusing to concede an utter lack of wind and instead, being carried in whatever direction the tide is running. We fear Tesco share price faces a similar future as currently there’s very little wind filling its sails.

 

At present, trading around 258p, Tesco share price needs move above 264p to give hope of some gains as we can calculate the potential of this triggering an initial visit to 271p with secondary, if exceeded, working out at 279p. A glance at the chart below makes our lack of enthusiasm pretty simple to explain. Neither target price appears capable of creating any sort of high, above the market peaks of 2022. Instead, a picture forms of a share trapped in the doledrums until a creative change comes along to force movement of strength.

Should this vision of real life prove correct, there’s a serious risk of the “if it ain’t goin’ up, it’s goin’ down” theory kicking in.

Tesco need only trade below 249p to enter the early stages of significant discounting on their share price as we can calculate the risk of this triggering reversal to an initial 227p. On the chart, such a target even makes some sense, matching the uptrend since 2016. A reversal such as this is liable to prove significant, due to weakness below 227p calculating with the potential of ongoing reversal to 204p, placing the share price in a region where a long term reversal cycle to 157p becomes possible.

However, the visuals on the chart tend suggest a bounce, should 204p make an appearance.

 

Similar to our weekly yacht race, perhaps Tesco are not worth watching closely but perhaps worthy of an occasional glance, just in case something happens and some of our parameters trigger.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:52:30PM	BRENT	112.06									‘cess
10:54:33PM	GOLD	1817.97	1811	1806	1797	1819	1833	1838	1847	1823	Success
10:57:08PM	FTSE	7307.69
11:00:01PM	FRANCE	6014.8									‘cess
11:13:34PM	GERMANY	12995									Success
11:15:19PM	US500	3816.57									Success
11:19:01PM	DOW	31027.9
11:21:54PM	NASDAQ	11658	11531	11477	11330	11659	11717	11777	11861	11634	‘cess
11:24:04PM	JAPAN	26730									‘cess

 

29/06/2022 FTSE Closed at 7312 points. Change of -0.15%. Total value traded through LSE was: £ 5,586,821,429 a change of -8.41%

28/06/2022 FTSE Closed at 7323 points. Change of 0.9%. Total value traded through LSE was: £ 6,100,040,096 a change of -3.89%

27/06/2022 FTSE Closed at 7258 points. Change of 0.69%. Total value traded through LSE was: £ 6,347,029,355 a change of 0.8%

24/06/2022 FTSE Closed at 7208 points. Change of 2.68%. Total value traded through LSE was: £ 6,296,850,381 a change of 10.86%

23/06/2022 FTSE Closed at 7020 points. Change of -0.97%. Total value traded through LSE was: £ 5,680,077,638 a change of -12.72%

22/06/2022 FTSE Closed at 7089 points. Change of -0.88%. Total value traded through LSE was: £ 6,507,643,698 a change of 40.38%

21/06/2022 FTSE Closed at 7152 points. Change of 0.44%. Total value traded through LSE was: £ 4,635,756,984 a change of -23.37%

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:AZN Astrazeneca** **LSE:BT.A British Telecom** **LSE:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:HSBA HSBC** **LSE:ITM ITM Power** **LSE:JET Just Eat** **LSE:OPG OPG Power Ventures** **LSE:STAN Standard Chartered** **

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Updated charts published on : AFC Energy, Avacta, Astrazeneca, British Telecom, Cellular Goods, Carnival, HSBC, ITM Power, Just Eat, OPG Power Ventures, Standard Chartered,

LSE:AFC AFC Energy Close Mid-Price: 21.9 Percentage Change: -5.19% Day High: 24 Day Low: 20.4

Continued weakness against AFC taking the price below 20.4 calculates as l ……..

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LSE:AVCT Avacta. Close Mid-Price: 109 Percentage Change: + 9.00% Day High: 118.5 Day Low: 101.5

Above 119 now should signal recovery to 130 next, along with some stutters ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 11054 Percentage Change: + 2.48% Day High: 11048 Day Low: 10736

Further movement against Astrazeneca ABOVE 11048 should improve accelerati ……..

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LSE:BT.A British Telecom Close Mid-Price: 191.65 Percentage Change: -0.34% Day High: 194.85 Day Low: 190.65

All British Telecom needs are mid-price trades ABOVE 195 to improve accele ……..

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LSE:CBX Cellular Goods Close Mid-Price: 1.11 Percentage Change: -3.48% Day High: 1.18 Day Low: 1.07

In the event Cellular Goods experiences weakness below 1.07, it still calc ……..

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LSE:CCL Carnival Close Mid-Price: 653.2 Percentage Change: -16.34% Day High: 747.6 Day Low: 640

Weakness on Carnival below 640 will invariably lead to 564 with secondary ……..

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LSE:HSBA HSBC. Close Mid-Price: 552.1 Percentage Change: + 1.15% Day High: 555.4 Day Low: 541.7

All HSBC needs are mid-price trades ABOVE 556 to improve acceleration towa ……..

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LSE:ITM ITM Power Close Mid-Price: 173.6 Percentage Change: -10.28% Day High: 197 Day Low: 172.45

Target Met. This is potentially quite a bad show. Traffic now below 172 ri ……..

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LSE:JET Just Eat Close Mid-Price: 1297.2 Percentage Change: -17.12% Day High: 1417 Day Low: 1219.2

Target Met. Weakness on Just Eat below 1200 will invariably lead to 1065 w ……..

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LSE:OPG OPG Power Ventures Close Mid-Price: 6.2 Percentage Change: -1.59% Day High: 6.48 Day Low: 6.2

Continued weakness against OPG taking the price below 6.2 calculates as le ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 638.6 Percentage Change: + 2.90% Day High: 641 Day Low: 615.8

Continued trades against STAN with a mid-price ABOVE 641 should improve th ……..

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