BAE Systems, thriving on war…

#FTSE #SP500

Ranked 7th largest Defence Contractor in the world, the UK’s BAE systems appear to have a share price worth paying attention to. When we previously reviewed Bae Systems in February this year, it was before the Russia/Ukraine event tossed Europe into the current political shambles. Thankfully, all three of our price targets were attained and, with the share price soaring to new all time highs and closing above 805p, it’s time to revisit and once again stir the tea leaves.

 

This history of BAE is worth a read, the company being the successor to some true greats in aviation and the wider military field. This includes; Hawker Siddeley (the Harrier), de Havilland (the Comet), Supermarine (Spitfire), BAC (Concorde). Added to the mix, a vast range of historical shipbuilding and electronic expertise, ensures there’s nothing like a war to make the company sit up and take notice of their future. It’s easy to be curious where the company will plan on parking their submarines, given Scotland’s intention to hold another independence referendum, one which should not suffer the same degree of jaw dropping fraud as the 2014 effort.

We’ve a little axe to grind on the submarine thing, given we stay just a few minutes away from the largest nuclear weapons dump outside the USA. When the UK’s newest aircraft carrier visited recently and tied up outside the friendly local “Nuclear Shoppe”, it was pretty obvious the closure of roads and restricted access was an attempt to conceal the transfer of some big fireworks. All this hardware is expected to be moved, should Scotland regain its nationhood!

 

With BAE share price at new levels and now closing above our 3rd level target of 805p (it closed at 826 on Tuesday), the situation now appears to be a potential of movement above just 827p calculating with a potential of 942p next. If exceeded, our secondary is quite fascinating at 1001p. Our interest in the secondary is actually arithmetic. We simply cannot currently calculate any higher! For this reason, we’d anticipate some hesitation at such a level unless the stock market simply opts to start gapping the share price upward to create a new trend.

For those interested in “charty” matters, we’ve painted a Light Blue line on the Big Picture chart, showing an extremely obvious Glass Ceiling which formed for Bae from 2017 onward. For some reason, the stock market was proving reticent about allowing the defence contractor to trade above 684p. At the end of February this year, the market opted to Gap Up above this ceiling level and, the rest is history. It has shown strong growth and we suspect the climbing cycle isn’t over yet.

Bae would need fall below 600p before we’d be forced to take any reversals seriously.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:37:41PM BRENT 113.95 ‘cess
9:39:51PM GOLD 1820.23
9:45:02PM FTSE 7286.89 7235 7203 7149 7290 7329 7369 7427 7279 ‘cess
9:47:45PM FRANCE 6021.3 Success
9:50:01PM GERMANY 13123 ‘cess
9:56:10PM US500 3822 3815 3797 3748 3868 3876 3886 3915 3839 Success
10:20:40PM DOW 30993 31105 Success
10:23:45PM NASDAQ 11644 11724 Success
10:33:33PM JAPAN 26801 26860 Success

 

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%
20/06/2022 FTSE Closed at 7121 points. Change of 1.5%. Total value traded through LSE was: £ 6,049,529,686 a change of -50.99%

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

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

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

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

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

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

Click Epic to jump to share: LSE:CNA Centrica** **LSE:CPI Capita** **LSE:HSBA HSBC** **LSE:ODX Omega Diags** **LSE:RR. Rolls Royce** **LSE:VOD Vodafone** **

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Updated charts published on : Centrica, Capita, HSBC, Omega Diags, Rolls Royce, Vodafone,

LSE:CNA Centrica. Close Mid-Price: 83.9 Percentage Change: + 2.07% Day High: 86.84 Day Low: 82.78

In the event of Centrica enjoying further trades beyond 86.84, the share ……..

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LSE:CPI Capita. Close Mid-Price: 28.24 Percentage Change: + 10.75% Day High: 28.28 Day Low: 26

Further movement against Capita ABOVE 28.28 should improve acceleration t ……..

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LSE:HSBA HSBC. Close Mid-Price: 545.8 Percentage Change: + 1.34% Day High: 549.6 Day Low: 538

All HSBC needs are mid-price trades ABOVE 549.6 to improve acceleration t ……..

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LSE:ODX Omega Diags. Close Mid-Price: 3.58 Percentage Change: + 10.00% Day High: 3.62 Day Low: 3.25

Now above 3.65 suggests coming oomph to 3.85 with secondary, if beaten, a ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 87.14 Percentage Change: + 6.52% Day High: 89.06 Day Low: 82.83

Now above 89.25 looks capable of 94.4 next with secondary, if exceeded, a ……..

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LSE:VOD Vodafone. Close Mid-Price: 128.58 Percentage Change: + 1.07% Day High: 129.12 Day Low: 127.38

This is almost looking useful as above 130 now points at 132 next with sec ……..

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

Pantheon Resources Plc & Canadian Overseas Petroleum, just because

#Gold #DOW

As far as we’re aware, the only thing these two shares have in common is something to do with oil, along with both featuring in our emails. Pantheon actually present a bit of an issue for us, we covered the share in February and movements since have proven problematic. Aka, weakness for some reason!

Canadian Overseas Petroleum Ltd (referred to as COPL), based in Canada and listed on both the LSE and Canadian market, are headquartered in Canada, operating in North America and Africa. In October 2021, the company indulged in our least favourite method to make their share price sound attractive, a 100:1 split. This, “we’ll take 100 of your 0.3p shares and give you a brand new 30p share back” rarely ends well for private investors, often feeling like a last ditch effort to delay an inevitable crash or delisting. Currently trading around 17p, it’s unlikely many folk are impressed with price movements since the share split.

 

Making matters worse, there’s an immediate threat of weakness below 16.15p triggering near term reversals down to an initial 15.3p with our secondary calculation, if this initial target breaks, working out at 12.6p and hopefully a proper bounce. Visually there’s very little encouraging a bounce at such a level, other than the slightly vague Blue downtrend since 2016 and a hope a bunch of folk dig out their coloured crayons, assuming this trend line shall prove important.

Hopefully this indeed proves the case as such a level of reversal risks horrific long term consequences, taking the share price into a zone where an “ultimate” bottom works out at 3.5p, this being a level below which we cannot calculate.

COPL requires to exceed 22.5p to suggest an attempt to escape its immediate doom is kicking into play.

Pantheon Resources Plc are proving just a little confusing at present. Earlier this year, the share price produced all our required criteria to shift upward to 166p, the rise completely fading out at 156p and falling remorselessly since. We’re just a little curious as to whether the reversals are about to cease as there’s currently no doubt the share price is reacting to Blue on the chart below. The problem is, the share needs start trading above 103p to convince us a rebound is probably genuine!

Thankfully, there are early indications which point toward optimism as above 103p currently calculates with the potential of recovery to an initial 118p. If bettered, our secondary works out at 141p and an almost certain requirement to visit the numbers yet again.

If everything intends go pear shaped, Pantheon needs reverse below 86p to press the panic button, allowing downward movement to an initial 64p with secondary, if broken, a hopeful bottom level at 47p.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:44:43PM BRENT 111.5 ‘cess
9:46:47PM GOLD 1823.58 1820 1814 1805 1828 1833 1835 1840 1827
9:48:28PM FTSE 7258.95 ‘cess
9:50:49PM FRANCE 6029.8 ‘cess
9:53:10PM GERMANY 13163.2 ‘cess
10:01:06PM US500 3906.37 ‘cess
10:03:17PM DOW 31480 31289 31154 30966 31515 31718 31768 32482 31538 ‘cess
10:05:02PM NASDAQ 12039.59
10:08:05PM JAPAN 26739
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%
20/06/2022 FTSE Closed at 7121 points. Change of 1.5%. Total value traded through LSE was: £ 6,049,529,686 a change of -50.99%
17/06/2022 FTSE Closed at 7016 points. Change of -0.4%. Total value traded through LSE was: £ 12,344,389,846 a change of 36.38%

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:ASC Asos** **LSE:AZN Astrazeneca** **LSE:CBX Cellular Goods** **LSE:IPF International Personal Finance** **LSE:RBD Reabold Resources PLC** **LSE:RKH Rockhopper** **

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Updated charts published on : Asos, Astrazeneca, Cellular Goods, International Personal Finance, Reabold Resources PLC, Rockhopper,

LSE:ASC Asos Close Mid-Price: 876.5 Percentage Change: -1.35% Day High: 922.5 Day Low: 870

Above 923 looks capable of a lift to 992 with secondary, if bettered, at 1 ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 10806 Percentage Change: + 0.28% Day High: 10850 Day Low: 10652

Further movement against Astrazeneca ABOVE 10850 should improve accelerati ……..

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LSE:CBX Cellular Goods Close Mid-Price: 1.2 Percentage Change: -2.04% Day High: 1.27 Day Low: 1.12

In the event Cellular Goods experiences weakness below 1.12 it calculates ……..

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LSE:IPF International Personal Finance Close Mid-Price: 75 Percentage Change: -4.34% Day High: 79.3 Day Low: 75

Continued weakness against IPF taking the price below 75 calculates as le ……..

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LSE:RBD Reabold Resources PLC Close Mid-Price: 0.26 Percentage Change: -7.02% Day High: 0.29 Day Low: 0.26

In the event Reabold Resources PLC experiences weakness below 0.26 it cal ……..

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LSE:RKH Rockhopper. Close Mid-Price: 7.17 Percentage Change: + 1.27% Day High: 7.1 Day Low: 6.62

If Rockhopper experiences continued weakness below 6.62, it will invariab ……..

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

Barclays Plc & a Nasdaq thought

#Brent #DAX On Friday, we piled on the doom & gloom but gave a crucial caveat; “Perhaps the Nasdaq is an early indicator the wildly mooted stock market recession is perhaps not currently scheduled.” It’s interesting to note the Nasdaq has also now produced a pretty classical Lady Gaga moment!

With shares, when a price is Gapped Down below a trend, shortly thereafter the price finding itself Gapped Up above the trend (hence, GaGa), it generally provides a pretty safe and solid indication some strong movement should be anticipated. In the case of the Nasdaq, if we let out all the string in the metaphorical kite, the two circled areas on the chart below allegedly are now suggesting this index intends commence recovery to 14,400 points. Given the media are full of warnings for a coming market crash and recession, we’re now officially puzzled but we cannot ignore Friday producing a 3.5% gain on the Nasdaq! Couple this with the market exhibiting a very deliberate movement to correct a forced drop, things may become quite positive.

Barclays We’re inclined to apply similar recovery logic from the Nasdaq to wider markets, especially as we expressed curiosity relating to last weeks movements and this suspicion proved correct with Fridays surprise movements. Obviously, Russia etc is still going on, the Pandemic still inflicts a headache, and supply chain chaos is on ongoing issue. But far too many positive movements occurred last week, many of which cancelled our Big Picture drop logic.

With Barclays trading at 159p at time of writing, the share price currently need only exceed 162p to suggest the potential of “surprise” movements to an initial 172p with secondary, if bettered, at 186p. Should we opt to apply the Nasdaq model as delineated above, the price could simply keep trundling upward to 203p as a major point of interest.

 

If things intend go pear shaped for Barclays, the price needs below 146p to risk triggering reversals to an initial 133p with secondary, if broken, a hopeful “bottom” at 114p.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
6:56:33PM BRENT 109.43 106.2 105.86 104.22 108.18 110 110.91 112.48 109.3
7:59:35PM GOLD 1827.83
8:02:23PM FTSE 7243
8:17:16PM FRANCE 6127
8:19:39PM GERMANY 13234 12906 12842 12708 13067 13244 13270 13416 13175
8:22:24PM US500 3913.67
8:24:29PM DOW 31509
8:27:09PM NASDAQ 12108
8:37:44PM JAPAN 26884
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%
20/06/2022 FTSE Closed at 7121 points. Change of 1.5%. Total value traded through LSE was: £ 6,049,529,686 a change of -50.99%
17/06/2022 FTSE Closed at 7016 points. Change of -0.4%. Total value traded through LSE was: £ 12,344,389,846 a change of 36.38%
16/06/2022 FTSE Closed at 7044 points. Change of -3.15%. Total value traded through LSE was: £ 9,051,276,874 a change of 32.71%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AZN Astrazeneca** **LSE:CBX Cellular Goods** **LSE:ECO ECO (Atlantic) O & G** **LSE:EZJ EasyJet** **LSE:GLEN Glencore Xstra** **LSE:SDY Speedyhire** **LSE:TRN The Trainline** **

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Updated charts published on : Astrazeneca, Cellular Goods, ECO (Atlantic) O & G, EasyJet, Glencore Xstra, Speedyhire, The Trainline,

LSE:AZN Astrazeneca. Close Mid-Price: 10776 Percentage Change: + 3.82% Day High: 10792 Day Low: 10422

Further movement against Astrazeneca ABOVE 10792 should improve accelerat ……..

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LSE:CBX Cellular Goods Close Mid-Price: 1.23 Percentage Change: -7.55% Day High: 1.32 Day Low: 1.2

Weakness on Cellular Goods below 1.2 will invariably lead to 0.8 with sec ……..

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LSE:ECO ECO (Atlantic) O & G Close Mid-Price: 25 Percentage Change: -0.99% Day High: 25.25 Day Low: 24.25

Continued weakness against ECO taking the price below 24.25 calculates as ……..

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LSE:EZJ EasyJet Close Mid-Price: 394.9 Percentage Change: -0.88% Day High: 400.2 Day Low: 383.3

In the event EasyJet experiences weakness below 383.3 it calculates with ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 446.25 Percentage Change: + 0.78% Day High: 449.7 Day Low: 431.7

If Glencore Xstra experiences continued weakness below 431.7, it will inv ……..

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LSE:SDY Speedyhire Close Mid-Price: 43 Percentage Change: -1.94% Day High: 43.6 Day Low: 42.8

Continued weakness against SDY taking the price below 42.8 calculates as ……..

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LSE:TRN The Trainline. Close Mid-Price: 295.6 Percentage Change: + 3.87% Day High: 296.8 Day Low: 276

Weakness on The Trainline below 276 will invariably lead to 257 with seco ……..

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

FTSE for FRIDAY & “Gotcha” explained  

#FTSE #GOLD

Increasingly, we’re seeing market behaviour which is tending to prove a ‘safe’ indicator of future behaviour.  Obviously, like any visual indicator, the “Gotcha” cannot be regarded as 100% reliable but currently, both the FTSE and Bitcoin appear to be prepping themselves to once again trap traders.

The Bitcoin chart below is fairly simple.

Back in December last year, #1 delineates a period where “everyone” finally concluded Bitcoin wasn’t going to fall far below $50,000. Suddenly, “Gotcha”.

In March this year, #2 shows a period where the market conspired to give a solid impression $40,000 was a solid floor. Once again, “Gotcha”.

Then came April/May, period #3 with an even longer period absolutely convincing everyone Bitcoin had finally bottomed at $30,000. Oops and another “Gotcha”.

Finally, it feels like Bitcoin is starting period #4, a visually assuring picture of Bitcoin finally stopping falling at $20,000 and just 29% of its high in 2021. Obviously, there’s no way Bitcoin is going to fall further… is there?

This market behaviour, a price essentially flatlining for a while, increasingly feels contrived and designed to create a situation where a large number of traders convince themselves a trade is “safe”. Often, during the relative flat period, there will be contradictory movements and in a falling market, these comprise short lived nudges upwards. When this sort of nonsense occurs, we generally insist on hard proof market direction has changed. In the case of Bitcoin, this is a demand the value exceed $28,000, the level of the most recent Red trend break.

Importantly, the converse also proves remarkably reliable. When a price starts to flatline in a rising market, it often feels this is designed to get folk to off-load positions as they convince themselves a price is going to higher. Virtually every trader has a tale to tell of selling (in profit), only to miss the real substantial rise.

For The FTSE, the most recent 5 trading sessions appear contrived to convince the market the FTSE has a floor of 7000 points. The index broke through the uptrend since 2020, fell to 7000 and stopped falling. We should obviously all rush out and take Long positions with a Stop just below 7000 as the FTSE has obviously discovered a floor level. We’ve a little problem with this behaviour as it’s vanishingly rare for an item to break such an uptrend, then completely stop falling.

Instead, we suspect the market is preparing a “Gotcha” scenario, the FTSE needing above 7160 points to give us a reasonable first indication a further drop should not be anticipated. Curiously, when we examine other markets, Wall St remains in a “Gotcha” position whereas the Nasdaq has now given the first suggestion a severe reversal should not be anticipated. Hopefully the next few session should provide clarity while the world decides what it wants to do. Perhaps the Nasdaq is an early indicator the wildly mooted stock market recession is perhaps not currently scheduled.

As for the FTSE near term (trading around 7022 at time of writing), below 7014 looks problematic as reversal to an initial 6984 calculates as possible. Our secondary, should such a level break, works out at 6940 points, along with a probable bounce.

For an alternate scenario above 7075 looks mildly interesting, allowing an initial 7094 points with secondary, if exceeded, a rather more useful 7154 points, almost the level above which our Big Picture drop scenario becomes invalid.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:32:24PM BRENT 106.78 105.8 104.735 108.7 110 111.26 107.75
10:34:02PM GOLD 1822.9 1822 1813 1831 1846 1850 1834 Success
10:35:51PM FTSE 7015 6990 6959 7057 7122 7172 7055
10:37:57PM FRANCE 5911.3 5827 5821 5871 5912 5933 5892 ‘cess
10:40:29PM GERMANY 12928 12898 12850 12980 13014 13059 12910 ‘cess
10:42:03PM US500 3782.42 3730 3711 3771 3801 3832 3758
10:44:13PM DOW 30590.9 30252 30065 30398 30714 30912 30536
10:46:14PM NASDAQ 11668.47 11450 11401 11590 11731 11828 11510
10:48:23PM JAPAN 26186 25972 25830 26129 26298 26337 26178

 

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%
20/06/2022 FTSE Closed at 7121 points. Change of 1.5%. Total value traded through LSE was: £ 6,049,529,686 a change of -50.99%
17/06/2022 FTSE Closed at 7016 points. Change of -0.4%. Total value traded through LSE was: £ 12,344,389,846 a change of 36.38%
16/06/2022 FTSE Closed at 7044 points. Change of -3.15%. Total value traded through LSE was: £ 9,051,276,874 a change of 32.71%
15/06/2022 FTSE Closed at 7273 points. Change of 1.2%. Total value traded through LSE was: £ 6,820,318,073 a change of -14.4%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AVCT Avacta** **LSE:CBX Cellular Goods** **LSE:ITM ITM Power** **LSE:TRN The Trainline** **

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Updated charts published on : Avacta, Cellular Goods, ITM Power, The Trainline,

LSE:AVCT Avacta Close Mid-Price: 97 Percentage Change: -11.01% Day High: 111 Day Low: 91

If Avacta experiences continued weakness below 91, it will invariably lea ……..

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LSE:CBX Cellular Goods Close Mid-Price: 1.32 Percentage Change: -1.85% Day High: 1.35 Day Low: 1.31

Continued weakness against CBX taking the price below 1.31 calculates as ……..

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LSE:ITM ITM Power Close Mid-Price: 190.4 Percentage Change: -8.15% Day High: 207 Day Low: 189.65

Weakness on ITM Power below 189.65 will invariably lead to 182 with secon ……..

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LSE:TRN The Trainline Close Mid-Price: 284.6 Percentage Change: -10.14% Day High: 311.8 Day Low: 278.5

This is properly confusing, doubtless enjoying the effect of the current i ……..

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

Netflix, not worth watching…

#Brent #WallSt

Once upon a time, we were all trapped in a world where we couldn’t go out, we couldn’t travel, forced to ‘enjoy’ the company of immediate family. But we were thankfully permitted to more our place of work to a kitchen table, a hurriedly built shelf in a bedroom, or wherever. During this period, shares prices of companies catering for the change in society soared, while airline shares fell, hospitality shares fell, travel shares drove endlessly downward.

 

Now, with society returning to whatever passes as normal, it’s not unexpected to see online shopping companies getting a bit of a hammering, the shine coming off electronics companies, even Peloton share price running itself into the ground, and streaming companies such as Netflix discovering their growth in customer numbers was to prove a short lived phenomena. Quite why the company think an effective business model for the future is to alienate their remaining client base by increasing prices while reducing accessibility.

Meanwhile, hospitality shares should be soaring, cinema shares climbing remorselessly, airline shares flying over the moon, and cruise line shares riding the crest of a cliché. Alas, the stock market often isn’t a place where it gives with one hand while taking with the other. Instead, one hand will often have investors by the throat while the other is searching for the spot to stick a knife!

 

Netflix share price has achieved a greater level of pain than we’d expected, the value now trading substantially below the Covid-19 low of 2020 (290p), the point from which it soared to 700p. At time of writing, the share price is trading around 178 and we suspect this situation is destined to become worse.

Presently, below 162 looks capable of provoking reversal to an initial 118 with secondary, if broken, calculating at 102 and hopefully a bottom capable of producing a real bounce. We’ve a pretty good reason to hope 102 shall prove to enjoy trampoline qualities, thanks to a quite nasty risk if the 102 level breaks. Doing so would move the price into a region, where we calculate an absurd looking 19 as the “ultimate bottom” for the streaming service. We’re more than a little sceptical over this 19 target level as it would return the share price to a level not seen since 10 years ago.

 

Thankfully, with their business of making movies, Netflix perhaps shall prove capable of producing a happy ending for the current situation. Presently, the price needs exceed 209 to give hope as this calculates with the potential of an initial 250 with secondary, if exceeded, a rather less confident looking 313.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:59:41PM BRENT 107.59 104.78 104.275 97.89 110.67 110.35 111.335 113.49 107.43 Success
10:01:34PM GOLD 1837 Shambles
10:03:39PM FTSE 7071 Success
10:05:58PM FRANCE 5890 Success
10:32:37PM GERMANY 13113 Success
10:35:50PM US500 3757 Shambles
10:38:12PM DOW 30486 29988 29700 29339 30240 30781 30985 31310 30505
10:40:02PM NASDAQ 11513 ‘cess
10:42:25PM JAPAN 26210

 

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%
20/06/2022 FTSE Closed at 7121 points. Change of 1.5%. Total value traded through LSE was: £ 6,049,529,686 a change of -50.99%
17/06/2022 FTSE Closed at 7016 points. Change of -0.4%. Total value traded through LSE was: £ 12,344,389,846 a change of 36.38%
16/06/2022 FTSE Closed at 7044 points. Change of -3.15%. Total value traded through LSE was: £ 9,051,276,874 a change of 32.71%
15/06/2022 FTSE Closed at 7273 points. Change of 1.2%. Total value traded through LSE was: £ 6,820,318,073 a change of -14.4%
14/06/2022 FTSE Closed at 7187 points. Change of -0.25%. Total value traded through LSE was: £ 7,967,426,420 a change of 8.5%

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:CNA Centrica** **LSE:DDDD 4D Pharma** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:HIK Hikma** **LSE:HUR Hurrican Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:RMG Royal Mail** **LSE:SDY Speedyhire** **LSE:SPX Spirax** **LSE:TW. Taylor Wimpey** **

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Updated charts published on : Centrica, 4D Pharma, Experian, EasyJet, Foxtons, Hikma, Hurrican Energy, Intercontinental Hotels Group, ITM Power, Speedyhire, Spirax, Taylor Wimpey,

LSE:CNA Centrica. Close Mid-Price: 83.54 Percentage Change: + 4.58% Day High: 83.58 Day Low: 78.28

Further movement against Centrica ABOVE 83.58 should improve acceleration ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 15.2 Percentage Change: -7.88% Day High: 17 Day Low: 13.6

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LSE:EXPN Experian. Close Mid-Price: 2318 Percentage Change: + 1.44% Day High: 2324 Day Low: 2242

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LSE:EZJ EasyJet Close Mid-Price: 412.3 Percentage Change: -0.82% Day High: 424.4 Day Low: 401.8

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LSE:FOXT Foxtons. Close Mid-Price: 34 Percentage Change: + 0.15% Day High: 34 Day Low: 31.6

Target met. Weakness on Foxtons below 31.6 will invariably lead to 29p wi ……..

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LSE:HIK Hikma. Close Mid-Price: 1502.5 Percentage Change: + 1.38% Day High: 1508.5 Day Low: 1459.5

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LSE:HUR Hurrican Energy Close Mid-Price: 6.8 Percentage Change: -9.33% Day High: 8 Day Low: 6.77

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LSE:IHG Intercontinental Hotels Group Close Mid-Price: 4239 Percentage Change: -1.60% Day High: 4301 Day Low: 4174

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LSE:ITM ITM Power Close Mid-Price: 207.3 Percentage Change: -4.34% Day High: 211.4 Day Low: 201.1

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LSE:RMG Royal Mail. Close Mid-Price: 273.5 Percentage Change: + 0.04% Day High: 275.2 Day Low: 258.8

In the event Royal Mail experiences weakness below 258.8 it calculates wi ……..

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LSE:SDY Speedyhire Close Mid-Price: 44.95 Percentage Change: -0.22% Day High: 45.35 Day Low: 43.65

Target met. In the event Speedyhire experiences weakness below 43.65 it c ……..

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LSE:SPX Spirax. Close Mid-Price: 9346 Percentage Change: + 1.59% Day High: 9456 Day Low: 9008

If Spirax experiences continued weakness below 9008, it will invariably l ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 116.5 Percentage Change: -0.68% Day High: 117.5 Day Low: 114.75

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

Nostrum Oil & Gas, a Star Trek connection!

#FTSE #France

It’s not often a share trading code sparks a search but Nostrum managed it. Their moniker, NOG, rung a very faint bell and an immediate assumption Nog was a character from Lord of the Rings. This turned out to be a big nope. Nog was a character in a Star Trek spin-off. It’s amazing how trivia from nearly 30 years ago remains in a little pigeon hole of memory, making it questionable just why the human brain decides something is worth retaining!

We received a couple of emails asking our opinion on Nostrum and despite an initial temptation to reply “big ears, dodgy forehead”, it was deemed proper to do a little more research beyond satisfying ourselves who “Nog” was. Nostrum Oil & Gas, headquartered in London, listed on the FTSE, are a Kazakhstan producer and judging by their history, on the go since 2004 and listed since 2013. Their listing recently moved from ‘Premium Listing’ to ‘Standard Listing’ and if we’re honest, we’ve no idea what this shall mean for the share price.

However, it certainly appears something may be happening.

The chart below has a circled area, delineating something odd which occurred toward the end of May. The share price did a little dance for a few days, it transpiring the price exceeding 6.576p at that particular time was significant. The light blue trend describes something we usually ignore, a really big picture downtrend from a time in 2014 where Nostrum had a share price of 825p. This sort long distance trend line from an impossible high is generally an obstacle a share price treats as invisible but on this occasion, there were a series of price movements which tend indicate the market was perfectly aware of what just happened.

Okay, maybe this sort of thing is fascinating to just us, but when the market reacts to an event, it’s always worth pausing for thought and wondering why.

Secondly, the last couple of sessions have witnessed the share price break through the Blue downtrend since 2019, yet fail to close above the trend. Our chart inset highlights the share price is carefully mirroring the Blue trend line. We’ve a theory, should the share price now exceed these breakout levels, some positive action can be anticipated.

If our suspicion above proves correct, it’s probably safe to view the Bigger Picture chart below. Currently, above 8.85p can allegedly suggest movement to an initial 12p with secondary, if exceeded, a rather more impressive 15.4p. Obviously, if playing safe, closure above Blue (presently 8.5p) will make a lot of sense but in this instance, if our guess about the wider market paying attention is correct, any movement is liable to prove rather quick.

Visually, there’s a fairly strong hint the 15p level should provide some sort of glass ceiling for future rises but we can risk suggesting, closure above 15p is liable to prove quite game changing as a third target level at 26p makes itself very possible.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:27:55PM BRENT 112.81 ‘cess
9:29:22PM GOLD 1833.7 ‘cess
9:32:01PM FTSE 7152.56 7116 7099 7067 7162 7195 7218 7303 7151 ‘cess
9:34:00PM FRANCE 5943.3 5924 5893 5847 5966 6031 6054 6110 5990 Success
9:36:28PM GERMANY 13267 Success
10:07:22PM US500 3767 Success
10:09:11PM DOW 30548 Success
10:10:41PM NASDAQ 11549 Success
10:12:43PM JAPAN 26520 Success
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%
20/06/2022 FTSE Closed at 7121 points. Change of 1.5%. Total value traded through LSE was: £ 6,049,529,686 a change of -50.99%
17/06/2022 FTSE Closed at 7016 points. Change of -0.4%. Total value traded through LSE was: £ 12,344,389,846 a change of 36.38%
16/06/2022 FTSE Closed at 7044 points. Change of -3.15%. Total value traded through LSE was: £ 9,051,276,874 a change of 32.71%
15/06/2022 FTSE Closed at 7273 points. Change of 1.2%. Total value traded through LSE was: £ 6,820,318,073 a change of -14.4%
14/06/2022 FTSE Closed at 7187 points. Change of -0.25%. Total value traded through LSE was: £ 7,967,426,420 a change of 8.5%
13/06/2022 FTSE Closed at 7205 points. Change of -1.53%. Total value traded through LSE was: £ 7,343,380,444 a change of 22%

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:CASP Caspian** **LSE:DDDD 4D Pharma** **LSE:FOXT Foxtons** **LSE:HUR Hurrican Energy** **LSE:NG. National Glib** **LSE:RBD Reabold Resources PLC** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **

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Updated charts published on : Caspian, 4D Pharma, Foxtons, Hurrican Energy, National Glib, Reabold Resources PLC, Rockhopper, Rolls Royce,

LSE:CASP Caspian. Close Mid-Price: 5 Percentage Change: + 7.53% Day High: 5.05 Day Low: 4.65

Above 5.3 is liable to prove significant, provoking an initial 5.85 with s ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 16.5 Percentage Change: -32.52% Day High: 26.15 Day Low: 16.7

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LSE:FOXT Foxtons Close Mid-Price: 33.95 Percentage Change: -3.41% Day High: 35.15 Day Low: 33.55

If Foxtons experiences continued weakness below 33.55, it will invariably ……..

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LSE:HUR Hurrican Energy. Close Mid-Price: 7.5 Percentage Change: + 30.43% Day High: 7.5 Day Low: 6

Above just 7.75 now allows for price recovery to an initial 8.7p with seco ……..

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LSE:NG. National Glib Close Mid-Price: 1028.5 Percentage Change: -0.92% Day High: 1042 Day Low: 1020

Continued weakness against NG. taking the price below 1020 calculates as ……..

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LSE:RBD Reabold Resources PLC Close Mid-Price: 0.29 Percentage Change: -9.38% Day High: 0.32 Day Low: 0.28

Something is finally happening, though not particularly good. Below 0.28 i ……..

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LSE:RKH Rockhopper Close Mid-Price: 7.2 Percentage Change: -4.00% Day High: 7.22 Day Low: 6.9

In the event Rockhopper experiences weakness below 6.9 it calculates with ……..

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LSE:RR. Rolls Royce Close Mid-Price: 90.83 Percentage Change: -0.73% Day High: 92.79 Day Low: 90.89

Further movement against Rolls Royce ABOVE 92.79 should improve accelerat ……..

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

ASOS, a discount price?

#Gold #Nasdaq

When a company issues three profit warnings within a single year, there’s generally a reasonable expectation something is going horribly wrong. ASOS have opted to join this exclusive club, their share price retreating from 60 quid down to a current £8.70. The picture is not pretty, unable to be photo-shopped unlike the images on their website.

Various stories have emerged regarding online buyer habits which companies similar to ASOS need deal with. ASOS do not charge for returns, so there’s little impediment to stop buyers ordering £1,000 of clothing, intending to only keep £100 of it. The may order multiple sizes of an identical product, intending to keep the one which fits. It even makes a degree of sense but perhaps isn’t the ideal business model for an online retailer.

Another classic wheeze is something called “wardrobing”, ordering an outfit intended to be worn for a Zoom video call, then returned. Personally, I wish there was a facility where I could order a slimmer, fitter, version of myself for video calls! It’s certainly not looking like a fun time to be in the online clothing industry.

 

ASOS, with a share price trading at levels not seen since 2010, are looking as attractive as a Government advert for a Covid-19 initiative. Visually, we’re far from the convinced the share price has yet exhibited a viable entry level, instead suspecting it has some more relaxation ahead. The recent market movement which gapped the price below Red on the chart was especially significant, the market sending a clear signal the uptrend since 2010 no longer applies.

Now, it appears below 775p calculates with the potential of reversal to 592p as a fairly major point of interest. We’ve a strong reason to hope for a bounce around such a level as our longer term secondary, if the initial breaks, works out at an ‘Ultimate Bottom’ of just 90p, a level below which we cannot calculate.

If ASOS intends escape the current nightmare situation, the share price requires to recover above Red, presently 1,150p to tick the first box for a return to sanity. To summarise, we’re not inclined to view ASOS share price as “cheap”, quite the opposite.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:39:13PM BRENT 112.24 ‘cess
9:42:11PM GOLD 1839.12 1833 1829 1824 1842 1846 1851 1867 1836
9:48:48PM FTSE 7114.91
9:50:37PM FRANCE 5916
9:53:56PM GERMANY 13270 ‘cess
9:55:37PM US500 3713
9:57:18PM DOW 30153
9:59:26PM NASDAQ 11390 11238 11197 11128 11363 11407 11457 11599 11288
10:01:49PM JAPAN 25974

 

20/06/2022 FTSE Closed at 7121 points. Change of 1.5%. Total value traded through LSE was: £ 6,049,529,686 a change of -50.99%
17/06/2022 FTSE Closed at 7016 points. Change of -0.4%. Total value traded through LSE was: £ 12,344,389,846 a change of 36.38%
16/06/2022 FTSE Closed at 7044 points. Change of -3.15%. Total value traded through LSE was: £ 9,051,276,874 a change of 32.71%
15/06/2022 FTSE Closed at 7273 points. Change of 1.2%. Total value traded through LSE was: £ 6,820,318,073 a change of -14.4%
14/06/2022 FTSE Closed at 7187 points. Change of -0.25%. Total value traded through LSE was: £ 7,967,426,420 a change of 8.5%
13/06/2022 FTSE Closed at 7205 points. Change of -1.53%. Total value traded through LSE was: £ 7,343,380,444 a change of 22%
10/06/2022 FTSE Closed at 7317 points. Change of -2.13%. Total value traded through LSE was: £ 6,019,204,674 a change of -10.01%

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:BDEV Barrett Devs** **LSE:CBX Cellular Goods** **LSE:DDDD 4D Pharma** **LSE:HUR Hurrican Energy** **LSE:OXIG Oxford Instruments** **LSE:RR. Rolls Royce** **LSE:TW. Taylor Wimpey** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Barrett Devs, Cellular Goods, 4D Pharma, Hurrican Energy, Oxford Instruments, Rolls Royce, Taylor Wimpey, Zoo Digital,

LSE:BDEV Barrett Devs Close Mid-Price: 454.4 Percentage Change: -3.71% Day High: 476 Day Low: 446.9

Target met. In the event Barrett Devs experiences weakness below 446.9 it ……..

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LSE:CBX Cellular Goods. Close Mid-Price: 1.4 Percentage Change: + 0.00% Day High: 1.4 Day Low: 1.33

If Cellular Goods experiences continued weakness below 1.33, it will inva ……..

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LSE:DDDD 4D Pharma. Close Mid-Price: 24.45 Percentage Change: + 4.94% Day High: 25 Day Low: 22.1

If 4D Pharma experiences continued weakness below 22.1, it will invariabl ……..

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LSE:HUR Hurrican Energy Close Mid-Price: 5.75 Percentage Change: -8.73% Day High: 6.64 Day Low: 5.8

Target met. If Hurrican Energy experiences continued weakness below 5.8, ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 1958 Percentage Change: + 0.93% Day High: 2025 Day Low: 1920

Weakness on Oxford Instruments below 1920 will invariably lead to 1825 wi ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 91.5 Percentage Change: + 4.32% Day High: 91.8 Day Low: 87.4

All Rolls Royce needs are mid-price trades ABOVE 91.8 to improve accelera ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 116.95 Percentage Change: -3.23% Day High: 121.5 Day Low: 116.3

In the event Taylor Wimpey experiences weakness below 116.3 it calculates ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 101.5 Percentage Change: -0.98% Day High: 102.5 Day Low: 101.5

If Zoo Digital experiences continued weakness below 101.5, it will invari ……..

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