Petrofac, a Strong Buy?

#CAC40 #SP500 The Oil & Gas sector is again looking fairly vibrant and as a result, we’ve opted to run the numbers against #Petrofac, a pretty large company who describe themselves as a Leading International service provider to the energy industry. A glance at their website reveals a fairly intimidating range of activities, giving a quite firm impression if the oil sectors are doing well, so shall Petrofac.

This being the case, the share price (presently around 135p) looks poised to produce something useful. It’s worth remembering this share was trading around 400p, prior to the Covid-19 crash and thankfully, reversals failed to breach the critical (according to our calculations) 90p level.  Repeated attempts managed to produce a low of 90.9p and now, according to the chart since 2013, a degree of optimism is possible.

 

Above just 140p should prove interesting, working out as capable of triggering some price recovery to an initial 161p. Our secondary calculation proves more promising, coming in with an ambition (if our initial target is bettered) at a longer term 190p. This secondary target is pretty important, hopefully able to allow the share price to close a session above 182p. Such an event is liable to prove game changing for the future, essentially allowing the share price to react against the dreadful downtrend since 2013, ideally provoking a strong recovery cycle.

Currently, what’s of some special interest is the sheer number of major “oilers” being rated as Strong Buy by the usual suspects in the marketplace. We’re being a little cautious with this one in allocating a trigger level 5p above the current price level but, according to our software, we should look favourably on this share should it find sufficient excuse to trade above our 140p trigger. As for the “Really Big Picture”, if the price manages to close above 182p, we should apparently anticipate a cycle where a virtual challenge to pre-pandemic levels calculates as possible. Apparently, if it ever manages to trade above 376p, we shall need give the tea leaves a long hard look.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:02:45PM BRENT 84.38 ‘cess
10:05:38PM GOLD 1827.6
10:08:00PM FTSE 7550.57 Success
10:10:00PM FRANCE 7233.5 7181 7174 7148 7239 7252 7300 7368 7200
10:11:55PM GERMANY 16012.61
10:21:25PM US500 4728 4702 4684 4663 4728 4748 4758 4818 4702 ‘cess
10:24:08PM DOW 36304 ‘cess
10:26:43PM NASDAQ 15900 ‘cess
10:41:41PM JAPAN 28663 Success
12/01/2022 FTSE Closed at 7551 points. Change of 0.83%. Total value traded through LSE was: £ 7,371,380,208 a change of 17.9%
11/01/2022 FTSE Closed at 7489 points. Change of 0.59%. Total value traded through LSE was: £ 6,252,372,247 a change of -8.66%
10/01/2022 FTSE Closed at 7445 points. Change of -0.53%. Total value traded through LSE was: £ 6,844,878,564 a change of 25.04%
7/01/2022 FTSE Closed at 7485 points. Change of 0.47%. Total value traded through LSE was: £ 5,474,069,038 a change of -10.83%
6/01/2022 FTSE Closed at 7450 points. Change of -0.88%. Total value traded through LSE was: £ 6,138,809,460 a change of 26.57%
5/01/2022 FTSE Closed at 7516 points. Change of 0.15%. Total value traded through LSE was: £ 4,850,064,854 a change of -31.07%
4/01/2022 FTSE Closed at 7505 points. Change of -100%. Total value traded through LSE was: £ 7,036,052,579 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AGM Applied Graphene** **LSE:AV. Aviva** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HSBA HSBC** **LSE:OCDO Ocado Plc** **LSE:ODX Omega Diags** **LSE:POG Petrop etc** **LSE:STAN Standard Chartered** **

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Updated charts published on : Applied Graphene, Aviva, Barclays, Barrett Devs, BP PLC, Diageo, ECO (Atlantic) O & G, Gulf Keystone, Glencore Xstra, Ocado Plc, Omega Diags, Petrop etc, Standard Chartered,

LSE:AGM Applied Graphene. Close Mid-Price: 21.5 Percentage Change: + 0.00% Day High: 22 Day Low: 20.45

Target met. Continued weakness against AGM taking the price below 20.45 c ……..

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LSE:AV. Aviva Close Mid-Price: 435 Percentage Change: -0.21% Day High: 439 Day Low: 433.3

Continued trades against AV. with a mid-price ABOVE 439 should improve th ……..

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LSE:BARC Barclays. Close Mid-Price: 211.8 Percentage Change: + 2.32% Day High: 212.2 Day Low: 209.05

Further movement against Barclays ABOVE 212.2 should improve acceleration ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 685 Percentage Change: -3.39% Day High: 707.8 Day Low: 683

Weakness on Barrett Devs below 683 will invariably lead to 671 with secon ……..

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LSE:BP. BP PLC. Close Mid-Price: 381.45 Percentage Change: + 3.21% Day High: 382.8 Day Low: 372.95

Target met. All BP PLC needs are mid-price trades ABOVE 382.8 to improve ……..

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LSE:DGE Diageo Close Mid-Price: 3789.5 Percentage Change: -0.41% Day High: 3825.5 Day Low: 3772

In the event Diageo experiences weakness below 3772 it calculates with a ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 27 Percentage Change: + 12.50% Day High: 27.5 Day Low: 24.75

Continued trades against ECO with a mid-price ABOVE 27.5 should improve t ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 212 Percentage Change: + 1.44% Day High: 219 Day Low: 203.5

Target met. In the event of Gulf Keystone enjoying further trades beyond ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 401.25 Percentage Change: + 3.47% Day High: 401.9 Day Low: 391

All Glencore Xstra needs are mid-price trades ABOVE 401.9 to improve acce ……..

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LSE:HSBA HSBC. Close Mid-Price: 501.2 Percentage Change: + 1.25% Day High: 500.7 Day Low: 495.95

In the event of HSBC enjoying further trades beyond 500.7, the share shou ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 1527 Percentage Change: -2.86% Day High: 1590.5 Day Low: 1519.5

Continued weakness against OCDO taking the price below 1519.5 calculates ……..

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LSE:ODX Omega Diags Close Mid-Price: 17.75 Percentage Change: -4.05% Day High: 18.75 Day Low: 17.25

In the event Omega Diags experiences weakness below 17.25 it calculates w ……..

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LSE:POG Petrop etc Close Mid-Price: 18 Percentage Change: -0.66% Day High: 18.65 Day Low: 16.01

Target met. If Petrop etc experiences continued weakness below 16.01, it ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 500.6 Percentage Change: + 1.58% Day High: 500 Day Low: 489.5

Continued trades against STAN with a mid-price ABOVE 500 should improve t ……..

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

JD Sports, climbing to more success?

#FTSE #WallSt Due to issue a trading update to the markets on Wednesday 11th Jan, we’ve received just a few email requests asking if we’d cover this share. Surprisingly, it had also popped up on our radar, suddenly being shown as a “Strong Buy” amongst a few analysts too. In some ways it stood out as a sore thumb, the most common “Strong Buy” allocations across Europe being designated toward oil companies. Even BP are starting to look interesting, if their share price exceeds 386p!

However, JD Sports also fascinate us for quite a different reason.

Since 2014, the share price has been diluted three times! We despise the converse movement by the market place, a familiar strategy, mostly on the AIM market, intended to make a struggling share price suddenly look a bit more respectable. Importantly, it’s not just the AIM enacting such reprehensible behaviour. Natwest (aka RBS) boosted their share price ten-fold a few years ago, taking back ten old shares and issuing one new share in an ill-fated attempt to conceal the harsh reality of the bank value. But when we see companies doing the opposite, essentially attempting to conceal their strength, those companies tend grow from strength to strength. From Apple, Tesla, Google, this behaviour has become the mark of something we tend feel worth sitting back and watching.

JD Sports first played this game in 2014, issuing 4 shares for every existing share. This quartered the share price. Two years later in 2016, they issued 5 shares for every existing share, diluting the price by 80%. Once again, as 2021 drew to a close, the share price was again returned to sensible levels, a further 5 shares issued for each existing share. Unless our calculations are horribly wrong, the “true” value of JD Sports would work out around 60 quid per share, if measured in pre-2014 money. As the chart below highlights, on each occasion JD Sports diluted the number of shares in issue, the share price has gone from strength to strength and this perhaps allows considerable optimism.

However, with the company issuing a trading update, doubtless boasting of how well their Xmas season went, it certainly appears their share price may be worth watching.

 

Presently trading around 219p, the share price needs exceed 224p to hopefully trigger movement upward to an initial 249p. With the price adjusted chart below, this will paint a new all time high, justifying us calculating a longer term secondary at an eventual 275p. Our conventional logic would normally indicate the risk of hesitation at this secondary level but, thanks to the repeat changes in the numbers of shares in issue, we shall simple promise to take a further look, if 275p ever makes an appearance.

For things to go wrong, the share price needs below 200p to bring the potential of trouble, allowing reversal to an initial 173 with secondary, if broken, at a hopeful trampoline level of 167p.

Many thanks to the kind folk who discovered fascinating adverts on this page. Every little click helps keep the coffee flowing!

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:47:15PM BRENT 83.32 Success
9:49:29PM GOLD 1823.39 Success
9:51:46PM FTSE 7517.75 7457 7429 7397 7500 7521 7529 7565 7491
9:53:56PM FRANCE 7214.2
9:57:52PM GERMANY 16004 ‘cess
10:00:02PM US500 4713.85 ‘cess
10:25:34PM DOW 36251.4 36002 35935 35823 36096 36286 36358 36596 36006
10:27:57PM NASDAQ 15834 ‘cess
10:30:36PM JAPAN 28458
11/01/2022 FTSE Closed at 7489 points. Change of 0.59%. Total value traded through LSE was: £ 6,252,372,247 a change of -8.66%
10/01/2022 FTSE Closed at 7445 points. Change of -0.53%. Total value traded through LSE was: £ 6,844,878,564 a change of 25.04%
7/01/2022 FTSE Closed at 7485 points. Change of 0.47%. Total value traded through LSE was: £ 5,474,069,038 a change of -10.83%
6/01/2022 FTSE Closed at 7450 points. Change of -0.88%. Total value traded through LSE was: £ 6,138,809,460 a change of 26.57%
5/01/2022 FTSE Closed at 7516 points. Change of 0.15%. Total value traded through LSE was: £ 4,850,064,854 a change of -31.07%
4/01/2022 FTSE Closed at 7505 points. Change of 1.64%. Total value traded through LSE was: £ 7,036,052,579 a change of 378.45%
31/12/2021 FTSE Closed at 7384 points. Change of -100%. Total value traded through LSE was: £ 1,470,600,972 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AV. Aviva** **LSE:AVCT Avacta** **LSE:DARK Darktrace Plc** **LSE:DDDD 4D Pharma** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:GKP Gulf Keystone** **LSE:ODX Omega Diags** **LSE:POG Petrop etc** **LSE:PPC President Energy** **

********

Updated charts published on : Aviva, Avacta, Darktrace Plc, 4D Pharma, Diageo, ECO (Atlantic) O & G, Gulf Keystone, Omega Diags, Petrop etc, President Energy,

LSE:AV. Aviva. Close Mid-Price: 435.9 Percentage Change: + 0.46% Day High: 437.1 Day Low: 433

Further movement against Aviva ABOVE 437.1 should improve acceleration to ……..

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LSE:AVCT Avacta Close Mid-Price: 75 Percentage Change: -2.60% Day High: 77.75 Day Low: 67.25

Target met. Weakness on Avacta below 67.25 will invariably lead to 57 wit ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 422 Percentage Change: + 6.89% Day High: 495.2 Day Low: 420

Target met. Continued trades against DARK with a mid-price ABOVE 495.2 sh ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 43.5 Percentage Change: -4.08% Day High: 45.75 Day Low: 43

If 4D Pharma experiences continued weakness below 43, it will invariably ……..

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LSE:DGE Diageo Close Mid-Price: 3805 Percentage Change: -1.13% Day High: 3868.5 Day Low: 3790.5

Target met. Weakness on Diageo below 3790.5 will invariably lead to 3700 ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 24 Percentage Change: + 6.67% Day High: 25.5 Day Low: 22.5

Target met. All ECO (Atlantic) O & G needs are mid-price trades ABOVE 25. ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 209 Percentage Change: + 4.50% Day High: 209 Day Low: 200

Continued trades against GKP with a mid-price ABOVE 209 should improve th ……..

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LSE:ODX Omega Diags Close Mid-Price: 18.5 Percentage Change: -10.84% Day High: 20.75 Day Low: 18.25

Weakness on Omega Diags below 18.25 will invariably lead to 15 with secon ……..

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LSE:POG Petrop etc Close Mid-Price: 18.12 Percentage Change: -0.49% Day High: 18.37 Day Low: 17.18

Continued weakness against POG taking the price below 17.18 calculates as ……..

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LSE:PPC President Energy Close Mid-Price: 1.75 Percentage Change: -2.78% Day High: 1.85 Day Low: 1.75

Target met. Weakness on President Energy below 1.75 will invariably lead ……..

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View Previous President Energy & Big Picture ***

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

Will Galantas Gold shine?

#Gold #SP500 Northern Ireland gold producer, #Galantas, appears to be enjoying the favour of the markets currently. The share price, cheerfully ignoring the current hiatus which seems to be infecting gold values, recently enjoyed a series of fairly positive sessions, making us wonder if something is brewing for the future. Historically Galantas share price suffered from enhanced speculation for the future but now, the company are actually mining underground, boasting of a 2km underground development.

Hopefully future price movements shall be based on production numbers, rather than ‘enhanced speculation’ among internet chatrooms.

A visit to the corporate website proved suitably impressive, a large mining area very reminiscent visually of operations shown on telly’s ‘Gold Rush’ documentary series, one of our guilty secrets every Friday evening on the Discovery Channel. Hopefully the mine doesn’t the weather extremes of Alaska and Canada.

 

Presently trading around 34p, it appears the share need only exceed 35.5p to suggest some happy days ahead. Share price movements, since the 10:1 split last year, generally prove quite reliable, and the situation now appears to be of movement above 35.5p being capable of triggering some strong movement to an initial 49p with secondary, if exceeded, working out at a longer term 63p. These are obviously fairly large jumps but appear made possible by the strength of historical declines, each time the share reached an unsustainable high. However, we would prefer the price actually closes a session above the Blue downtrend on the chart, just to make ongoing upward travel difficult to derail.

For panic to raise its ugly head, the share price currently would need slump below RED on the chart as the reversal consequences look pretty extreme.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
11:49:17PM BRENT 80.75 ‘cess
11:51:55PM GOLD 1802.15 1790 1780 1763 1803 1803 1806 1814 1790 ‘cess
11:54:18PM FTSE 7478.8
11:56:36PM FRANCE 7159.5 ‘cess
12:00:06AM GERMANY 15881.49 ‘cess
12:09:45AM US500 4677.87 4630 4579 4500 4688 4685 4693 4731 4631 Success
12:12:53AM DOW 36088 ‘cess
12:15:53AM NASDAQ 15650 Success

 

10/01/2022 FTSE Closed at 7445 points. Change of -0.53%. Total value traded through LSE was: £ 6,844,878,564 a change of 25.04%
7/01/2022 FTSE Closed at 7485 points. Change of 0.47%. Total value traded through LSE was: £ 5,474,069,038 a change of -10.83%
6/01/2022 FTSE Closed at 7450 points. Change of -0.88%. Total value traded through LSE was: £ 6,138,809,460 a change of 26.57%
5/01/2022 FTSE Closed at 7516 points. Change of 0.15%. Total value traded through LSE was: £ 4,850,064,854 a change of -31.07%
4/01/2022 FTSE Closed at 7505 points. Change of 1.64%. Total value traded through LSE was: £ 7,036,052,579 a change of 378.45%
31/12/2021 FTSE Closed at 7384 points. Change of -0.26%. Total value traded through LSE was: £ 1,470,600,972 a change of -36.25%
30/12/2021 FTSE Closed at 7403 points. Change of -100%. Total value traded through LSE was: £ 2,306,886,388 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:AV. Aviva** **LSE:AVCT Avacta** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:CAR Carclo** **LSE:DDDD 4D Pharma** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:HSBA HSBC** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:MKS Marks and Spencer** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:ODX Omega Diags** **LSE:RR. Rolls Royce** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:TERN Tern Plc** **

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Updated charts published on : AFC Energy, Aviva, Avacta, Barclays, Barrett Devs, BP PLC, Carclo, 4D Pharma, Diageo, ECO (Atlantic) O & G, EasyJet, Fresnillo, HSBC, IG Group, ITM Power, Marks and Spencer, Natwest, Ocado Plc, Omega Diags, Rolls Royce, Serco, Standard Chartered, Tern Plc,

LSE:AFC AFC Energy Close Mid-Price: 42.35 Percentage Change: -3.64% Day High: 45.5 Day Low: 41.4

Target Met. This risks becoming a little dodgy as weakness now below 41 su ……..

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LSE:AV. Aviva. Close Mid-Price: 433.9 Percentage Change: + 0.42% Day High: 436 Day Low: 431.1

In the event of Aviva enjoying further trades beyond 436, the share should ……..

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LSE:AVCT Avacta Close Mid-Price: 77 Percentage Change: -33.62% Day High: 98 Day Low: 77.5

Target Met. Oh dear, this got messy but the writing has been on the wall f ……..

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LSE:BARC Barclays. Close Mid-Price: 207.9 Percentage Change: + 1.29% Day High: 209.8 Day Low: 205.05

Target Met. Movement continuing above 210 suggests an initial 218. Crucial ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 699.6 Percentage Change: -4.87% Day High: 727.4 Day Low: 696.6

This is suddenly a little unhappy as below 696 risks triggering ongoing tr ……..

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LSE:BP. BP PLC. Close Mid-Price: 363.05 Percentage Change: + 0.14% Day High: 369.3 Day Low: 361.85

Target Met. Now above 371 should trigger traffic toward 378 next. If bette ……..

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LSE:CAR Carclo Close Mid-Price: 34.75 Percentage Change: -7.33% Day High: 36.1 Day Low: 33.5

Below just 33 still looks troubling, suggesting coming weakness to 22 with ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 45.35 Percentage Change: -3.51% Day High: 47.95 Day Low: 44.55

Target Met. Now below 44 suggests weakness to 41 with secondary, if (when) ……..

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LSE:DGE Diageo Close Mid-Price: 3848.5 Percentage Change: -0.67% Day High: 3880 Day Low: 3839.5

Continued weakness against DGE taking the price below 3839 calculates as l ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 22.5 Percentage Change: + 7.14% Day High: 22.5 Day Low: 20.95

Above 22.5 remains pointing at 24 with secondary, if exceeded, a visually ……..

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LSE:EZJ EasyJet. Close Mid-Price: 633.8 Percentage Change: + 1.93% Day High: 647.4 Day Low: 627.4

Further movement against EasyJet ABOVE 648 should improve acceleration tow ……..

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LSE:FRES Fresnillo Close Mid-Price: 803.8 Percentage Change: -1.95% Day High: 828.2 Day Low: 798.2

If Fresnillo experiences continued weakness below 798, it will invariably ……..

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LSE:HSBA HSBC. Close Mid-Price: 492 Percentage Change: + 2.01% Day High: 493.55 Day Low: 483.4

Target Met. Continued trades against HSBA with a mid-price ABOVE 494 shoul ……..

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LSE:IGG IG Group. Close Mid-Price: 829.5 Percentage Change: + 0.24% Day High: 841.5 Day Low: 824.5

In the event of IG Group enjoying further trades beyond 842, the share sho ……..

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LSE:ITM ITM Power Close Mid-Price: 347.6 Percentage Change: -4.66% Day High: 370 Day Low: 346.8

If ITM Power experiences continued weakness below 346, it will invariably ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 253.7 Percentage Change: -1.13% Day High: 263 Day Low: 253.2

Target Met. Now above 263 calculates with the potential of 280 next with s ……..

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LSE:NWG Natwest. Close Mid-Price: 247 Percentage Change: + 0.20% Day High: 249.6 Day Low: 246.4

Further movement against Natwest ABOVE 250 should improve acceleration tow ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 1547.5 Percentage Change: -0.80% Day High: 1565.5 Day Low: 1523

This is looking a bit problematic as weakness below 1523 currently promote ……..

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LSE:ODX Omega Diags Close Mid-Price: 20.75 Percentage Change: -2.35% Day High: 22 Day Low: 19

If Omega Diags experiences continued weakness below 19, it will invariably ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 127.66 Percentage Change: + 0.41% Day High: 129.62 Day Low: 126.22

Above 130 hints at further price recovery to an initial 132 with secondary ……..

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LSE:SRP Serco Close Mid-Price: 138 Percentage Change: -0.50% Day High: 138.5 Day Low: 134.6

Above just 140 should now give hope, allowing for an initial 150 with seco ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 492.5 Percentage Change: + 1.13% Day High: 495.6 Day Low: 490

All Standard Chartered needs are mid-price trades ABOVE 496 to improve acc ……..

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LSE:TERN Tern Plc. Close Mid-Price: 12.5 Percentage Change: + 4.17% Day High: 12.75 Day Low: 11.75

There is quite a lot to dislike about recent movements with Tern. Current ……..

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

Barclays & The Big Bad Banking Sector

#Brent #Dax When we previously reviewed Barclays just over a month ago, we wound up our report by mentioning we believe the share price intended a visit to 217p. However, in a month quite a lot can change. Though perhaps quite a little, rather than quite a lot, when discussing the UK’s retail banking sector!

However, a glance at the Banks Index part of the FTSE, memorably named as the FTSE:NMX301010, actually gives reasonable cause for hope. The sector has accelerated through the Blue downtrend since 2018 and is now illustrating a series of highs. As a result, the immediate situation is encouraging as movement above 3,308 points now allows for further recovery to 3,426 points with secondary, if bettered, at 3,673 points. This secondary clashes quite neatly with the pre-covid high in February 2020 and we suspect, if attained, represents a level at which we should expect some hesitation in the banking sector. Things only become interesting for the longer term with CLOSURE above 3,673 points as a strong argument can be made for ongoing travel to 4,448 points.

What has this to do with Barclays Plc?

 

Essentially, when the banking sector as a whole develops some slight angst around the 3,400 level, whatever price level Barclays finds itself languishing is also doubtless going to prove itself capable of some hesitation. In the case of Barclays, we’re a little conflicted thanks to a couple of variable arguments.

Near term, above 207.5p should now make an attempt at 218p next. We’re already pretty certain the bank share price intends a visit to this level. Closure above 218p should prove interesting, allowing a visit to a future 240p. It’s the 240p level we suspect shall prove capable of some grief, probably matching our ambition of 3,673 or so for the Banking Sector.

Visually, Barclays share price has quite a lot going for it currently, already trading higher than the pre-pandemic high and now painting a series of “higher highs” on the chart below.

If things intend go pear shaped, the bank currently needs trade below 175p to generate a serious level of concern. Our inclination is to remain viewing Barclays favourably, at least until 240p makes an appearance. Goodness knows how long it may take!

Once again, a huge thanks to the nice folk who discover fascinating adverts on this page worthy of a visit. It keeps the coffee flowing!

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
8:06:41PM BRENT 81.57 81.2 80.76 80.08 81.9 82.8 83.2 84.28 79.4 ‘cess
8:08:50PM GOLD 1796.07 1792 ‘cess
8:11:01PM FTSE 7490.66 7428
8:13:03PM FRANCE 7228.2 7172 ‘cess
9:01:57PM GERMANY 15951.77 15856 15799 15635 15971 16063 16133 16224 15925 Success
9:04:01PM US500 4690.12 4661
9:06:19PM DOW 36344.8 36104 ‘cess
9:09:00PM NASDAQ 15646 15517
9:12:15PM JAPAN 28402 28376 Success

 

7/01/2022 FTSE Closed at 7485 points. Change of 0.47%. Total value traded through LSE was: £ 5,474,069,038 a change of -10.83%
6/01/2022 FTSE Closed at 7450 points. Change of -0.88%. Total value traded through LSE was: £ 6,138,809,460 a change of 26.57%
5/01/2022 FTSE Closed at 7516 points. Change of 0.15%. Total value traded through LSE was: £ 4,850,064,854 a change of -31.07%
4/01/2022 FTSE Closed at 7505 points. Change of 1.64%. Total value traded through LSE was: £ 7,036,052,579 a change of 378.45%
31/12/2021 FTSE Closed at 7384 points. Change of -0.26%. Total value traded through LSE was: £ 1,470,600,972 a change of -36.25%
30/12/2021 FTSE Closed at 7403 points. Change of -100%. Total value traded through LSE was: £ 2,306,886,388 a change of 0%
29/12/2021 FTSE Closed at 7420 points. Change of 0%. Total value traded through LSE was: £ 3,844,071,499 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AV. Aviva** **LSE:BBY BALFOUR BEATTY** **LSE:BP. BP PLC** **LSE:DDDD 4D Pharma** **LSE:DGE Diageo** **LSE:FRES Fresnillo** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:ITM ITM Power** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:NWG Natwest** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:STAN Standard Chartered** **LSE:VOG VICTORIA** **

********

Updated charts published on : Aviva, BALFOUR BEATTY, BP PLC, 4D Pharma, Diageo, Fresnillo, Hikma, HSBC, ITM Power, Lloyds Grp., Marks and Spencer, Natwest, Polymetal, President Energy, Standard Chartered, VICTORIA,

LSE:AV. Aviva. Close Mid-Price: 432.1 Percentage Change: + 1.46% Day High: 432.2 Day Low: 425.8

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LSE:BBY BALFOUR BEATTY Close Mid-Price: 270.2 Percentage Change: -1.10% Day High: 279.6 Day Low: 268.4

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LSE:BP. BP PLC. Close Mid-Price: 362.55 Percentage Change: + 2.08% Day High: 362.45 Day Low: 356.45

Target met. Further movement against BP PLC ABOVE 362.45 should improve a ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 47 Percentage Change: -6.37% Day High: 50.1 Day Low: 46.25

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LSE:DGE Diageo Close Mid-Price: 3874.5 Percentage Change: -2.61% Day High: 3958 Day Low: 3860.5

Continued weakness against DGE taking the price below 3860.5 calculates a ……..

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LSE:FRES Fresnillo Close Mid-Price: 819.8 Percentage Change: -0.10% Day High: 827.2 Day Low: 805

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LSE:HIK Hikma. Close Mid-Price: 2134 Percentage Change: + 0.42% Day High: 2129 Day Low: 2087

Weakness on Hikma below 2087 will invariably lead to 2082 with secondary ……..

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LSE:HSBA HSBC. Close Mid-Price: 482.3 Percentage Change: + 0.85% Day High: 482.6 Day Low: 475.8

Continued trades against HSBA with a mid-price ABOVE 482.6 should improve ……..

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LSE:ITM ITM Power. Close Mid-Price: 364.6 Percentage Change: + 0.44% Day High: 375.6 Day Low: 357.6

If ITM Power experiences continued weakness below 357.6, it will invariab ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 52.84 Percentage Change: + 1.62% Day High: 53.18 Day Low: 52.11

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LSE:MKS Marks and Spencer. Close Mid-Price: 256.6 Percentage Change: + 2.27% Day High: 258.9 Day Low: 251.4

Continued trades against MKS with a mid-price ABOVE 258.9 should improve ……..

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LSE:NWG Natwest. Close Mid-Price: 246.5 Percentage Change: + 1.19% Day High: 247.3 Day Low: 241.6

Target met. Further movement against Natwest ABOVE 247.3 should improve a ……..

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LSE:POLY Polymetal Close Mid-Price: 1194 Percentage Change: -0.54% Day High: 1205 Day Low: 1184.5

Continued weakness against POLY taking the price below 1184.5 calculates ……..

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LSE:PPC President Energy Close Mid-Price: 1.8 Percentage Change: -6.49% Day High: 1.94 Day Low: 1.8

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LSE:STAN Standard Chartered. Close Mid-Price: 487 Percentage Change: + 2.03% Day High: 488 Day Low: 476.9

All Standard Chartered needs are mid-price trades ABOVE 488 to improve ac ……..

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LSE:VOG VICTORIA. Close Mid-Price: 4.5 Percentage Change: + 20.00% Day High: 4.85 Day Low: 3.75

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

Our popular FTSE for FRIDAY & Wall St too

It’s quite curious how both the FTSE, along with Wall St, each managed to attain pretty important target levels at the start of 2022. These levels had been calculated as viable since the lows of March 2020 and we were inclined to anticipate some hesitation across the markets, if they made an appearance.

What really surprises us is the coincidence of each market reaching similar milestones at the same time, despite the trading patterns on the FTSE and Wall St being utterly different. If there were any true similarity between the two index’, the FTSE would currently be trading around 9,600 points, rather than the 7450 level. Alternately, if Wall St were exhibiting similar lack of strength to the FTSE, that particular index would presently be trading around 28,000 points rather than 36,000. Yet, for some mysterious reason, both markets reached a level we regard (from a Big Picture perspective) as pretty important, perhaps explaining the currently case of volatility.

For Wall St, the immediate situation sounds serious as weakness next below 36,200 calculates with a reversal potential toward 36,542 points. We’ve a pretty strong argument hoping for a bounce at such a level, ideally just above this target. But if 36,542 breaks, we can work out a “bottom” potential down at 34,900 points or so. It’s amazing to note such a “bottom” also virtually coincides with the Red uptrend since March 2020, again providing an argument for some sort of bounce.

However, despite these slightly gloomy potentials, it’s worth remembering until such time Red breaks on the Wall St chart, the market has marginally exceeded our Big Picture target level and this tends imply the index is in an uptrend. If this is indeed the case, anything next above 36,955 shall be regarded with impressive potentials, allowing growth to an initial 37,880 with secondary, if bettered, now at 40,080 points sometime in the future. We do expect a degree of hysterics and volatility, if the 40,000 level makes an appearance.

As for the FTSE, the recent visit to 7,530 was fascinating, taking the index into an important region where the Big Picture demanded the index close a session above 7,518 points to promise a future of wine and roses. Alas, on the day, the best the FTSE could offer was closing at 7,516 points on Wednesday with Thursday providing a logical slight reversal. We take considerable hope from Wednesdays high of 7,530. Movement now above such a level (or closure above 7,518 points) now confirms a Big Picture potential of future movement to 7,696 points. If exceeded, our longer term secondary comes in at 8,080 points.

Even from an immediate stance, above just 7,496 points apparently should attempt near term growth to 7,536 points. Obviously, such a target again exceeds Wednesdays high, also giving London a fair chance to close a session above 7,518 and triggering the foregoing Big Picture expectations.

It’s almost difficult to pour misery on the FTSE’s future chances but, of course, we’ll take a stab at it. Currently, below 7,395 looks like it shall prove capable of triggering some reversals down to 7,314 points. Should the market opt to break such a level, our secondary works out at 7,240 points and a hopeful bounce.

 

Finally, we didn’t anticipate starting the year with such a statement but we suspect this particular analysis shall prove worth printing out and sticking on the wall. From our perspective, quite a few of the foregoing numbers look pretty important for 2022.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:28:24PM BRENT 81.76 81.33 80.915 82.1 82.58 82.8 81.4 ‘cess
9:31:05PM GOLD 1788.14 1786 1782 1801 1808 1811 1793 Success
9:33:20PM FTSE 7451.46 7425 7395 7480 7497 7509 7444 ‘cess
9:36:13PM FRANCE 7250 7235 7205 7271 7302 7317 7267 Success
9:39:58PM GERMANY 16037.99 15982 15930 16058 16152 16208 16050
9:42:22PM US500 4699 4670 4652 4718 4724 4733 4693 ‘cess
9:45:08PM DOW 36271.7 36198 36113 36376 36538 36585 36335 ‘cess
9:47:47PM NASDAQ 15798 15607 15502.5 15808 15899 15923 15723 ‘cess
9:55:57PM JAPAN 28712 28473 28432 28723 28929 29025 28678 Success
6/01/2022 FTSE Closed at 7450 points. Change of -0.88%. Total value traded through LSE was: £ 6,138,809,460 a change of 26.57%
5/01/2022 FTSE Closed at 7516 points. Change of 0.15%. Total value traded through LSE was: £ 4,850,064,854 a change of -31.07%
4/01/2022 FTSE Closed at 7505 points. Change of 1.64%. Total value traded through LSE was: £ 7,036,052,579 a change of 378.45%
31/12/2021 FTSE Closed at 7384 points. Change of -0.26%. Total value traded through LSE was: £ 1,470,600,972 a change of -36.25%
30/12/2021 FTSE Closed at 7403 points. Change of -100%. Total value traded through LSE was: £ 2,306,886,388 a change of 0%
29/12/2021 FTSE Closed at 7420 points. Change of 0%. Total value traded through LSE was: £ 3,844,071,499 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:AVCT Avacta** **LSE:BARC Barclays** **LSE:CASP Caspian** **LSE:DDDD 4D Pharma** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FRES Fresnillo** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:NWG Natwest** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:STAN Standard Chartered** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : AFC Energy, Avacta, Barclays, Caspian, 4D Pharma, EasyJet, Firstgroup, Fresnillo, Hikma, HSBC, British Airways, Lloyds Grp., Marks and Spencer, Natwest, Polymetal, President Energy, Standard Chartered, Zoo Digital,

LSE:AFC AFC Energy Close Mid-Price: 45.3 Percentage Change: -6.11% Day High: 48.1 Day Low: 43.4

Continued weakness against AFC taking the price below 43.4 calculates as ……..

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LSE:AVCT Avacta. Close Mid-Price: 115.6 Percentage Change: + 0.00% Day High: 115 Day Low: 111.5

In the event Avacta experiences weakness below 111.5 it calculates with a ……..

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LSE:BARC Barclays. Close Mid-Price: 200.45 Percentage Change: + 1.28% Day High: 201.05 Day Low: 195.8

Movement continuing above 201.5 still suggests an initial 205. Crucially, ……..

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LSE:CASP Caspian Close Mid-Price: 3.5 Percentage Change: -15.66% Day High: 4.15 Day Low: 3.45

Continued weakness against CASP taking the price below 3.45 calculates as ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 50.2 Percentage Change: -3.09% Day High: 52.6 Day Low: 49

In the event 4D Pharma experiences weakness below 49 it calculates with a ……..

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LSE:EZJ EasyJet. Close Mid-Price: 624.2 Percentage Change: + 1.23% Day High: 635 Day Low: 599.6

Target met. Further movement against EasyJet ABOVE 635 should improve acc ……..

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LSE:FGP Firstgroup Close Mid-Price: 100.6 Percentage Change: -1.85% Day High: 102.7 Day Low: 97

Weakness on Firstgroup below 97 will invariably lead to 90 as an initial ……..

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LSE:FRES Fresnillo Close Mid-Price: 820.6 Percentage Change: -4.09% Day High: 845.4 Day Low: 820.6

Continued weakness against FRES taking the price below 820.6 calculates a ……..

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LSE:HIK Hikma Close Mid-Price: 2125 Percentage Change: -3.01% Day High: 2191 Day Low: 2129

Target met. In the event Hikma experiences weakness below 2129 it calcula ……..

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LSE:HSBA HSBC. Close Mid-Price: 478.25 Percentage Change: + 2.12% Day High: 479.45 Day Low: 463.95

Further movement against HSBC ABOVE 479.45 should improve acceleration to ……..

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LSE:IAG British Airways. Close Mid-Price: 161.58 Percentage Change: + 0.47% Day High: 167.2 Day Low: 155.54

IAG have produced this first GaGa movement of 2022, suggesting quite firml ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 52 Percentage Change: + 2.60% Day High: 51.95 Day Low: 49.82

Target Met. Further movement against Lloyds Grp. ABOVE 52 should now provo ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 250.9 Percentage Change: + 0.48% Day High: 256.7 Day Low: 245.9

Target met. All Marks and Spencer needs are mid-price trades ABOVE 256.7 ……..

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LSE:NWG Natwest. Close Mid-Price: 243.6 Percentage Change: + 2.61% Day High: 243.3 Day Low: 234.2

Continued trades against NWG with a mid-price ABOVE 243.3 should improve ……..

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LSE:POLY Polymetal Close Mid-Price: 1200.5 Percentage Change: -3.88% Day High: 1237.5 Day Low: 1198.5

Target met. Weakness on Polymetal below 1198.5 will invariably lead to 11 ……..

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LSE:PPC President Energy Close Mid-Price: 1.92 Percentage Change: -0.77% Day High: 1.94 Day Low: 1.85

In the event President Energy experiences weakness below 1.85 it calculat ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 477.3 Percentage Change: + 3.72% Day High: 479.1 Day Low: 455.4

Target met. In the event of Standard Chartered enjoying further trades be ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 136 Percentage Change: + 2.64% Day High: 133.5 Day Low: 129

All Zoo Digital needs are mid-price trades ABOVE 133.5 to improve acceler ……..

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

Bitcoin & Argo Blockchain looking a bit gloomy

#US500 #DAX Our previous review of Argo Blockchain was perfect in every respect. Except one. There was no triggering event to promote a price rise, itself not an issue, but worse, the potential drop level was only shown on our chart. The share price managed to immolate itself to our illustrated 86p drop target level, completely without any analysis! We had, rather arrogantly, assumed the price intended head upward, thus feeling there was not need to give a “panic” trigger!

We’re curious if the current state of Bitcoin shall now negatively impact Argo Blockchain share price. When we previously looked at Bitcoin last November, we’d given an initial drop target around $47,000 with secondary, if broken, around $38,000. Given Bitcoin is presently trading at $43,000, we’re inclined to anticipate ongoing reversals to somewhere around our $38,000 level. We should mention an unpleasant risk if the $38k level breaks as it risks promoting ongoing reversal down to a hopeful bottom of $29,000. Bitcoin currently needs above $52,500 to dig itself out of this mess.

When we superimpose Bitcoin movements over the last 6 months with Argo Blockchain, there seems to be some sort of link with Bitcoin trend influences. As a result, weakness now below 88p risks triggering reversal to 80p next with secondary, if broken, down at 49p and hopefully a bounce. Importantly, we should mention we cannot calculate below 49p, thanks to target levels suddenly being prefaced by minus signs.

 

Presently trading around 91p, the share price needs exceed 109p to give a reasonable early warning for coming recovery as this calculates with the potential of an initial 124p with secondary, if exceeded, working out at 153p and almost certain hesitation.

Many thanks, again, to the nice folk who discovered fascinating adverts on this page. Each visit is like getting a coffee bought for us.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:50:18PM BRENT 79.92 79.7 79.495 Subscribe 80.5 81.31 81.55 for more 80.1 ‘cess
9:51:53PM GOLD 1810.4 1808 1803 Subscribe 1817 1830 1834 for more 1814 Success
9:54:00PM FTSE 7460.9 7445 7425 Subscribe 7499 7530 7550 for more 7480
9:56:14PM FRANCE 7321 7295 7272 7345 7369 7388 7330
9:58:20PM GERMANY 16097 16077 15972 16203 16196 16236 16110
10:01:01PM US500 4700.57 4697 4691 4738 4739 4744 4712 Success
10:03:55PM DOW 36433 36395 36321 36605 36630 36661 36450 Shambles
10:07:12PM NASDAQ 15764 15752 15631 15885 15933 15956 15822 Success
10:14:32PM JAPAN 29017 28987 28906 29130 29155 29198 28993

 

5/01/2022 FTSE Closed at 7516 points. Change of 0.15%. Total value traded through LSE was: £ 4,850,064,854 a change of -31.07%
4/01/2022 FTSE Closed at 7505 points. Change of 1.64%. Total value traded through LSE was: £ 7,036,052,579 a change of 378.45%
31/12/2021 FTSE Closed at 7384 points. Change of -0.26%. Total value traded through LSE was: £ 1,470,600,972 a change of -36.25%
30/12/2021 FTSE Closed at 7403 points. Change of -100%. Total value traded through LSE was: £ 2,306,886,388 a change of 0%
29/12/2021 FTSE Closed at 7420 points. Change of 0%. Total value traded through LSE was: £ 3,844,071,499 a change of 0%

 

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

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

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

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

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

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

Click Epic to jump to share: LSE:AVCT Avacta** **LSE:BARC Barclays** **LSE:BP. BP PLC** **LSE:EME Empyrean** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:GKP Gulf Keystone** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:NWG Natwest** **LSE:POG Petrop etc** **LSE:RBD Reabold Resources PLC** **LSE:RMG Royal Mail** **LSE:TSCO Tesco** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Avacta, Barclays, BP PLC, Empyrean, EasyJet, Fresnillo, Gulf Keystone, Lloyds Grp., Marks and Spencer, Natwest, Petrop etc, Reabold Resources PLC, Royal Mail, Tesco, Zoo Digital,

LSE:AVCT Avacta Close Mid-Price: 115.6 Percentage Change: -2.86% Day High: 117 Day Low: 113

If Avacta experiences continued weakness below 113, it will invariably le ……..

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LSE:BARC Barclays. Close Mid-Price: 197.92 Percentage Change: + 0.64% Day High: 199.2 Day Low: 196.34

Movement next above 200 suggests an initial 205. Crucially, if bettered ou ……..

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LSE:BP. BP PLC. Close Mid-Price: 354.8 Percentage Change: + 1.08% Day High: 358.25 Day Low: 351.35

In the event of BP PLC enjoying further trades beyond 359, the share shou ……..

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LSE:EME Empyrean Close Mid-Price: 6 Percentage Change: -1.64% Day High: 6.1 Day Low: 5.8

Continued weakness against EME taking the price below 5.8 calculates as l ……..

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LSE:EZJ EasyJet. Close Mid-Price: 616.6 Percentage Change: + 1.51% Day High: 627.4 Day Low: 602.4

Continued trades against EZJ with a mid-price ABOVE 627.4 should improve ……..

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LSE:FRES Fresnillo. Close Mid-Price: 855.6 Percentage Change: + 0.35% Day High: 861.8 Day Low: 843.2

This is looking a bit dodgy as weakness below 843 now risks promoting reve ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 203.5 Percentage Change: + 3.19% Day High: 207 Day Low: 196

Further movement against Gulf Keystone ABOVE 207 should improve accelerat ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 50.68 Percentage Change: + 1.54% Day High: 51.24 Day Low: 50.09

Further movement against Lloyds Grp. ABOVE 51.25 should still improve acce ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 249.7 Percentage Change: + 4.70% Day High: 250.4 Day Low: 240.8

In the event of Marks and Spencer enjoying further trades beyond 250.4, t ……..

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LSE:NWG Natwest. Close Mid-Price: 237.4 Percentage Change: + 1.06% Day High: 239.2 Day Low: 233.5

All Natwest needs are mid-price trades ABOVE 240 to improve acceleration ……..

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LSE:POG Petrop etc Close Mid-Price: 17.99 Percentage Change: -5.22% Day High: 18.96 Day Low: 17.92

Target met. In the event Petrop etc experiences weakness below 17.92 it c ……..

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LSE:RBD Reabold Resources PLC. Close Mid-Price: 0.19 Percentage Change: + 5.56% Day High: 0.2 Day Low: 0.18

Further movement against Reabold Resources PLC ABOVE 0.2 should improve a ……..

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LSE:RMG Royal Mail. Close Mid-Price: 526.8 Percentage Change: + 0.73% Day High: 531.4 Day Low: 523

Continued trades against RMG with a mid-price ABOVE 531.4 should improve ……..

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LSE:TSCO Tesco. Close Mid-Price: 296.7 Percentage Change: + 0.94% Day High: 297.4 Day Low: 292.4

Target met. All Tesco needs are mid-price trades ABOVE 298 to improve acc ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 132.5 Percentage Change: + 2.32% Day High: 132.5 Day Low: 129.5

Continued trades against ZOO with a mid-price ABOVE 132.5 should improve ……..

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

Has Natwest kicked off a good year?

#FTSE #Gold Our three weekly look at Natwest has surprised us a little. The share appears to be starting 2022 in optimistic territory, the price somehow discovering an ability to close the 4th of January at 234.9p! By a miniscule 0.6p, the share price has closed at a higher high, since the Blue downtrend was conclusively broken last year. Apparently, it’s now time for party poppers…

While we’re a little “tongue in cheek” with optimism, there is a harsh reality and it’s that the markets rarely send this sort of signal without it actually proving realistic. Perhaps importantly, the bank share price is also trading above it’s pre-pandemic level and if experience with other markets worldwide is to be accepted, this should also provide a significant clue as to the future for the share price. Thanks to this overload of optimistic signals, we’re inclined to take a step back and review the share price potentials from a Big Picture perspective.

Apparently we are now supposed to accept Natwest share price has entered a longer term cycle to an initial 316p. Closure around this level shall prove important, thanks to a perfectly obvious glass ceiling at the 300p level. Our long term secondary, in the event 316p is exceed – or the price closes above 300p – works out at a visually pleasing 369p, a price level at which we expect some hesitation.

 

For things to horribly wrong for Natwest, the share price currently needs reverse below Blue on the chart, presently 207p. Such a movement would quite strongly suggest investing in running shoes but for now, this particular retail bank provides some hope for the future.

Massive thanks to the folk who found a few adverts worthy of their interest on this page. We’re upgrading our coffee!

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
11:07:13PM BRENT 80.02 78.48 78.09 79.56 80.46 80.9 79.41
11:09:01PM GOLD 1814.01 1798 1792 1810 1817 1819 1811
11:10:51PM FTSE 7493 7421 7410 7463 7521 7540 7481
11:14:13PM FRANCE 7308 7246 7237 7484 7333 7387 7195
11:16:36PM GERMANY 16147 16008 15945 16077 16206 16310 16032
11:18:24PM US500 4790 4773 4763 4796 4816 4824 4790
11:20:40PM DOW 36766 36610 36520 36726 36929 37030 36731
11:22:33PM NASDAQ 16249 16222 16156 16333 Nothing making sense

 

4/01/2022 FTSE Closed at 7505 points. Change of 1.64%. Total value traded through LSE was: £ 7,036,052,579 a change of 378.45%
31/12/2021 FTSE Closed at 7384 points. Change of -0.26%. Total value traded through LSE was: £ 1,470,600,972 a change of -36.25%
30/12/2021 FTSE Closed at 7403 points. Change of -0.23%. Total value traded through LSE was: £ 2,306,886,388 a change of -39.99%
29/12/2021 FTSE Closed at 7420 points. Change of -100%. Total value traded through LSE was: £ 3,844,071,499 a change of 0%
23/12/2021 FTSE Closed at 7373 points. Change of 0%. Total value traded through LSE was: £ 3,429,761,214 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AV. Aviva** **LSE:AVCT Avacta** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:CCL Carnival** **LSE:CNA Centrica** **LSE:DGE Diageo** **LSE:EZJ EasyJet** **LSE:HSBA HSBC** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **LSE:RKH Rockhopper** **LSE:RMG Royal Mail** **LSE:RR. Rolls Royce** **LSE:STAN Standard Chartered** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **

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Updated charts published on : Aviva, Avacta, Barclays, BALFOUR BEATTY, Barrett Devs, BP PLC, Carnival, Centrica, Diageo, EasyJet, HSBC, Lloyds Grp., Natwest, Rockhopper, Royal Mail, Rolls Royce, Standard Chartered, Tesco, Taylor Wimpey,

LSE:AV. Aviva. Close Mid-Price: 428.9 Percentage Change: + 4.51% Day High: 429.3 Day Low: 414.9

Target Met. Next above 430 indicates the potential of 448 next. If bettere ……..

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LSE:AVCT Avacta Close Mid-Price: 119 Percentage Change: -4.42% Day High: 130.35 Day Low: 115

This has gotten a little dodgy as below 115 now indicates coming reversal ……..

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LSE:BARC Barclays. Close Mid-Price: 196.66 Percentage Change: + 5.17% Day High: 197.5 Day Low: 190.3

Target Met. There is a reasonable chance things are about to kick off here ……..

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 271.2 Percentage Change: + 3.51% Day High: 273.4 Day Low: 267

Target Met. Above 274 now suggests 284 next with secondary, if bettered, ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 760 Percentage Change: + 1.60% Day High: 765 Day Low: 754.2

Target Met. This is on the edge of an “all change” moment as above 765 now ……..

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LSE:BP. BP PLC. Close Mid-Price: 351 Percentage Change: + 6.20% Day High: 352.4 Day Low: 339.15

Target Met. While the threat remains of some hesitation at the current lev ……..

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LSE:CCL Carnival. Close Mid-Price: 1472.2 Percentage Change: + 6.40% Day High: 1510 Day Low: 1455.8

Above 1510 should bring the price to an initial 1544p. If bettered, our se ……..

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LSE:CNA Centrica. Close Mid-Price: 73.82 Percentage Change: + 3.24% Day High: 74.4 Day Low: 71.86

Target Met. Now above 75 promises movement to an initial 87p. If bettered, ……..

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LSE:DGE Diageo. Close Mid-Price: 4103.5 Percentage Change: + 1.67% Day High: 4110 Day Low: 4044

Continued trades against DGE with a mid-price ABOVE 4110 should improve th ……..

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LSE:EZJ EasyJet. Close Mid-Price: 607.4 Percentage Change: + 9.24% Day High: 624 Day Low: 589.8

This is almost amazing as above 624 calculates with the concept of 667 nex ……..

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LSE:HSBA HSBC. Close Mid-Price: 471.5 Percentage Change: + 5.09% Day High: 472.6 Day Low: 455

Target Met. Now above 473 has the potential for travel to an initial 491 w ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 49.91 Percentage Change: + 4.41% Day High: 50 Day Low: 48.6

Further movement against Lloyds Grp. ABOVE 50 should improve acceleration ……..

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LSE:NWG Natwest. Close Mid-Price: 234.9 Percentage Change: + 4.08% Day High: 235.5 Day Low: 226

Target Met. Now above 236 suggests ongoing traffic toward 246 next with se ……..

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LSE:RKH Rockhopper. Close Mid-Price: 9.5 Percentage Change: + 14.46% Day High: 10.02 Day Low: 8.3

Target Met. Ongoing traffic above 10.02 suggests movement to an initial 10 ……..

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LSE:RMG Royal Mail. Close Mid-Price: 523 Percentage Change: + 3.36% Day High: 526.4 Day Low: 514.4

All Royal Mail needs are mid-price trades ABOVE 527 to improve acceleratio ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 127.08 Percentage Change: + 3.42% Day High: 128.28 Day Low: 126.14

Target Met. There are some interesting potentials now showing as above 129 ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 462.8 Percentage Change: + 3.21% Day High: 467 Day Low: 452.4

Target Met. Further movement against Standard Chartered ABOVE 467 should i ……..

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LSE:TSCO Tesco. Close Mid-Price: 293.95 Percentage Change: + 1.40% Day High: 294.15 Day Low: 292.05

Target Met. In the event of Tesco enjoying further trades beyond 295, the ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 178 Percentage Change: + 1.42% Day High: 179.7 Day Low: 175

Target Met. Now above 180 calculates with hesitation potentials at 182 but ……..

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