Author: T&T Staff

#FTSE_Futures #I_Hate_my_dog

Usually, we allocate 90 minutes to check weekly FTSE index movements, prior to collating everything and producing this headline section, hopefully with some numbers which shall prove useful. A dog called “Penny”, quite spitefully, sabotaged everything tonight, just because she didn’t like her ears being cleaned. It’s a Golden Retriever ailment, constant head shakes telling the owner the time has come for some hygiene. And dogs utterly hate the 10 minute job.

 

“Penny” was suitably ambushed at 9pm, her left ear being the guilty party, and the task quickly completed. As always, she celebrated completion by squirming on the wet, muddy, leaf strewn, lawn. But glancing outside later, she had utterly vanished. This risks being a bad thing, thanks to the darkness, the forest and mountain behind the house. If she ever failed to return when called, we’d never find her. She didn’t return, when called, repeatedly and worse, there was no barking. Eventually, it was time to clamber up the cliff, into the steep forest, and hope her eyes would be reflected with the hand-held floodlight. There was still no barking, something very unusual, as Golden Retrievers usually become very vocal when deer, rabbits, or hedgehogs outpace them.

Eventually, thankful for the bright moon and approaching the usual snow level at 500 feet (no snow currently), distant barks were heard. After starting to walk in the right direction with some relief, my phone rung. It was my wife, utterly furious and trying to catch the dog. The animal had circled round, come down to sea level, and was quite literally standing in the sea, barking at my wife and refusing to come out. When I eventually made it down the mountain, wife and 7 year old dog were home and angrily ignoring each other. There was no doubt we’d just been repaid for cleaning her ears.

They say “Never offer an excuse, when late” but what happened tonight just had to be mentioned, the sometimes dubious joys of staying in Argyll, by the sea and mountains!

 

We’re late tonight with our report but this doesn’t detract from something quite important happening with the FTSE, along with wider markets. On Wednesday, quite a few markets made serious triggering movements which pointed to the potential of serious drops. For the FTSE, we’d marked 7189 as a danger point for clients and the UK index stumbled below the trigger, eventually deciding to bottom at 7166 points. But once the FTSE closed and we enjoyed the realms of after-hours futures, after 7pm there was a distinct mood change and it almost felt like the markets had noticed they’d opened the doors for some serious drop potentials. With miracle movements, the next two hours saw German futures gain 200 points, the Nasdaq 550 points, Wall St 500 points and the FTSE recovering 60 points. It was all very mysterious but sent a pretty firm message the markets, despite earlier triggering events, could not be expected to suffer on Thursday. This belief proved completely correct, aside from the Nasdaq which, alone, managed to unwind all the previous days movements. We’ve absolutely no idea what the Nasdaq is playing at, the behaviour akin to a Golden Retriever after getting its ears cleaned.

Despite Thursdays positive behaviour on the FTSE, we’re a little concerned as the index has failed show similar exuberance to other markets. From a near term perspective, the market requires exceed 7275 points to bring movement to an initial 7305 points. Our secondary, if exceeded, calculates at a less believable 7372 points but it’s worth noting, in passing, such an ambition collides with the Blue downtrend since the start of 2020. If triggered, the tightest stop looks like 7225 points and always remember, never trust a triggering movement in the opening seconds of the day. Unlike our wayward dog, this sort of thing often bites.

 

Our alternate scenario suggests weakness below 7225 risks bringing reversal to an initial 7207 points. If broken, hopefully the market shall choose to bounce at 7186 points.

Again, our thanks to the nice folk who discover adverts on this page worthy of a visit. It buys the morning coffee.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:49:56PM	BRENT	74.54	73.9	73.485		75	75.48	75.935		74.16
10:52:03PM	GOLD	1799.23	1780	1773		1792	1800	1805		1786	Success
10:55:33PM	FTSE	7257.84	7225	7210		7265	7277	7292		7225	‘cess
10:58:22PM	FRANCE	6966.3	6958	6934.5		7002	7062	7103		6986
11:02:52PM	GERMANY	15591	15527	15489		15626	15783	15834		15684	‘cess
11:05:44PM	NASDAQ	16866	15798	15631		15980	16090	16134		15870	Success
11:08:17PM	DOW	35931	35768	35647		36004	36205	36248		36038	Success
11:10:28PM	US500	4671	4664	4650		4687	4695	4705		4665	Success
11:39:57PM	JAPAN	28845	28710	28534		28896	29188	29261		28909	Success

 

16/12/2021 FTSE Closed at 7260 points. Change of 1.26%. Total value traded through LSE was: £ 1,205,733,107 a change of -77.58%

15/12/2021 FTSE Closed at 7170 points. Change of -0.67%. Total value traded through LSE was: £ 5,378,114,182 a change of 0.31%

14/12/2021 FTSE Closed at 7218 points. Change of -0.18%. Total value traded through LSE was: £ 5,361,283,608 a change of -6.74%

13/12/2021 FTSE Closed at 7231 points. Change of -0.82%. Total value traded through LSE was: £ 5,748,563,220 a change of 23.93%

10/12/2021 FTSE Closed at 7291 points. Change of -0.41%. Total value traded through LSE was: £ 4,638,576,552 a change of -14.79%

9/12/2021 FTSE Closed at 7321 points. Change of -0.22%. Total value traded through LSE was: £ 5,443,441,871 a change of -11.44%

8/12/2021 FTSE Closed at 7337 points. Change of -0.04%. Total value traded through LSE was: £ 6,146,296,986 a change of 1.35%

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:CBX Cellular Goods** **LSE:CNA Centrica** **LSE:EME Empyrean** **LSE:GKP Gulf Keystone** **LSE:IGAS Igas Energy** **LSE:NG. National Glib** **

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Updated charts published on : Asos, Cellular Goods, Centrica, Empyrean, Gulf Keystone, Igas Energy, National Glib,

LSE:ASC Asos Close Mid-Price: 2119 Percentage Change: -4.81% Day High: 2195 Day Low: 1970.5

If Asos experiences continued weakness below 1970.5, it will invariably l ……..

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LSE:CBX Cellular Goods Close Mid-Price: 6.1 Percentage Change: -1.45% Day High: 6.15 Day Low: 6.05

Continued weakness against CBX taking the price below 6.05 calculates as ……..

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LSE:CNA Centrica. Close Mid-Price: 67.54 Percentage Change: + 1.32% Day High: 67.86 Day Low: 66.94

Continued trades against CNA with a mid-price ABOVE 67.86 should improve ……..

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LSE:EME Empyrean Close Mid-Price: 7 Percentage Change: -2.78% Day High: 7.2 Day Low: 7

This is now looking a bit ropey as below 6 now expects weakness to an init ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 180 Percentage Change: + 3.21% Day High: 181 Day Low: 171

If Gulf Keystone experiences continued weakness below 171, it will invari ……..

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LSE:IGAS Igas Energy Close Mid-Price: 12.6 Percentage Change: -1.75% Day High: 12.6 Day Low: 12.6

If Igas Energy experiences continued weakness below 12.6, it will invaria ……..

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LSE:NG. National Glib. Close Mid-Price: 1064.4 Percentage Change: + 0.51% Day High: 1066.2 Day Low: 1050

In the event of National Glib enjoying further trades beyond 1066.2, the ……..

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

#Gold #Nasdaq Our weekly drive to find something interesting in Europe reveals Renault currently showing some potentials. We wonder how accurate they may prove to be, given Renault are on the edge of becoming a major engine supplier to Formula One, if Mercedes opt to abandon the “sport” due to the fixed world championship against the UK’s Louis Hamilton last weekend.

Feelings are certainly running high over the shambles and we notice some bookmakers are claiming they are paying out against bets favouring Louis Hamilton being world champion. Personally, there’s no doubt he won the race, spending most of the race ahead by a substantial margin. As Hamilton himself said, in the final lap, “this is being manipulated!”. It has resulted in a situation where stories of Mercedes pulling out of “motorsport” has become a possibility and as they supply almost half the engines used, things could become pretty messy. Of course, Renault who field a team called Alpine, may find themselves in a position to step in as an engine supplier, something they previously did anyway. Whether anyone bothers watching future races will be another question entirely?

 

At present, Renault enjoy a share price which looks perfectly capable of some reversals. We did notice, in our trawl of rankings against some European shares, the company are listed as a “Strong Sell” with the price tending to reflect such a possibility. Presently trading at 28.6€, the share need only reverse below 28 to engage some travel down to an initial 24.1€. Should this level break, we can calculate a longer term secondary target by 18.1€, a level just before which we’d hope for a rebound. We can also mention, if passing, the share price in recent weeks exhibited a classis “GaGa” movement (circled), this Gap Up followed by a Gap Down, being one of the games played historically, prior to a fairly important share price reversal. As we mentioned recently, games such as this are proving vanishingly rare this year, making it difficult to rely on what used to be a serious Red Flag.

Currently Renault need trade above 32.3€ to give hope for genuine price recovery. Achieving such a trigger calculates with the potential of forward movement to an initial 34.2 with secondary, if bettered, a more encouraging longer term 41.6€.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:22:10PM	FTSE	7232									‘cess
9:24:22PM	FRANCE	6964
9:28:02PM	BRENT	74.27									Shambles
9:30:13PM	GOLD	1778.36	1768	1758	1747	1781	1781	1785	1796	1769	‘cess
9:46:10PM	GERMANY	15637									Success
9:48:51PM	US500	4712.97									‘cess
9:52:06PM	DOW	35947									Shambles
9:54:33PM	NASDAQ	16292	16176	16129	16071	16270	16301	16324	16517	16133	Success
9:57:04PM	JAPAN	28902									Success

15/12/2021 FTSE Closed at 7170 points. Change of -0.67%. Total value traded through LSE was: £ 5,378,114,182 a change of 0.31%

14/12/2021 FTSE Closed at 7218 points. Change of -0.18%. Total value traded through LSE was: £ 5,361,283,608 a change of -6.74%

13/12/2021 FTSE Closed at 7231 points. Change of -0.82%. Total value traded through LSE was: £ 5,748,563,220 a change of 23.93%

10/12/2021 FTSE Closed at 7291 points. Change of -0.41%. Total value traded through LSE was: £ 4,638,576,552 a change of -14.79%

9/12/2021 FTSE Closed at 7321 points. Change of -0.22%. Total value traded through LSE was: £ 5,443,441,871 a change of -11.44%

8/12/2021 FTSE Closed at 7337 points. Change of -0.04%. Total value traded through LSE was: £ 6,146,296,986 a change of 1.35%

7/12/2021 FTSE Closed at 7340 points. Change of 1.49%. Total value traded through LSE was: £ 6,064,412,188 a change of 23.32%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:CASP Caspian** **LSE:CBX Cellular Goods** **LSE:CEY Centamin** **LSE:DDDD 4D Pharma** **LSE:GENL Genel** **LSE:IGAS Igas Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:NG. National Glib** **LSE:OPG OPG Power Ventures** **LSE:POLY Polymetal** **LSE:RR. Rolls Royce** **LSE:SDY Speedyhire** **

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Updated charts published on : AFC Energy, Aston Martin, Asos, Caspian, Cellular Goods, Centamin, 4D Pharma, Genel, Igas Energy, Intercontinental Hotels Group, National Glib, OPG Power Ventures, Polymetal, Rolls Royce, Speedyhire,

LSE:AFC AFC Energy Close Mid-Price: 46.2 Percentage Change: -1.18% Day High: 48.25 Day Low: 45.5

Weakness on AFC Energy below 45.5 will invariably lead to 41 with seconda ……..

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LSE:AML Aston Martin. Close Mid-Price: 1203.5 Percentage Change: + 1.09% Day High: 1205 Day Low: 1141

Continued weakness against AML taking the price below 1141 calculates as ……..

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LSE:ASC Asos Close Mid-Price: 2226 Percentage Change: -3.47% Day High: 2318 Day Low: 2208

In the event Asos experiences weakness below 2208 it calculates with a dr ……..

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LSE:CASP Caspian Close Mid-Price: 3.7 Percentage Change: -1.33% Day High: 3.75 Day Low: 3.55

Target met. If Caspian experiences continued weakness below 3.55, it will ……..

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LSE:CBX Cellular Goods Close Mid-Price: 6.19 Percentage Change: -8.97% Day High: 6.58 Day Low: 6

If Cellular Goods experiences continued weakness below 6, it will invaria ……..

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LSE:CEY Centamin Close Mid-Price: 80.74 Percentage Change: -1.70% Day High: 82.14 Day Low: 80.42

If Centamin experiences continued weakness below 80.42, it will invariabl ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 51 Percentage Change: -3.23% Day High: 53.7 Day Low: 48.1

Weakness on 4D Pharma below 48.1 will invariably lead to 44 with secondar ……..

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LSE:GENL Genel Close Mid-Price: 120 Percentage Change: -0.99% Day High: 124 Day Low: 120

Weakness on Genel below 120 will invariably lead to 114 with secondary, i ……..

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LSE:IGAS Igas Energy Close Mid-Price: 12.82 Percentage Change: -0.58% Day High: 13.95 Day Low: 12.8

Continued weakness against IGAS taking the price below 12.8 calculates as ……..

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LSE:IHG Intercontinental Hotels Group Close Mid-Price: 4399 Percentage Change: -1.79% Day High: 4487 Day Low: 4384

In the event Intercontinental Hotels Group experiences weakness below 438 ……..

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LSE:NG. National Glib. Close Mid-Price: 1059 Percentage Change: + 0.34% Day High: 1063.6 Day Low: 1053

Further movement against National Glib ABOVE 1063.6 should improve accele ……..

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LSE:OPG OPG Power Ventures. Close Mid-Price: 11.12 Percentage Change: + 0.00% Day High: 11.25 Day Low: 10.85

Weakness on OPG Power Ventures below 10.85 will invariably lead to 10.2 w ……..

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LSE:POLY Polymetal Close Mid-Price: 1245 Percentage Change: -1.58% Day High: 1265.5 Day Low: 1245

Target met. If Polymetal experiences continued weakness below 1245, it wi ……..

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LSE:RR. Rolls Royce Close Mid-Price: 113.02 Percentage Change: -3.52% Day High: 117.82 Day Low: 112.72

Target met. Weakness on Rolls Royce below 112 will invariably lead to 107 ……..

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LSE:SDY Speedyhire Close Mid-Price: 59.9 Percentage Change: -1.80% Day High: 62 Day Low: 59.6

Continued weakness against SDY taking the price below 59.6 calculates as ……..

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

#FTSE #WallSt Rentokil share price movements on 14th December starkly illustrate the ‘market truism’, “Buy on the rumour, Sell on the news!”. Ending the day down 12%, the company announced they had become the largest Pest Control company in the world, taking over US company Terminex. With depressing inevitability, the eventual reversal to end the day down was attributed to the terms of the deal but we’re not sold on this concept.

We can be cynical, due to the price level the share closed the day at (547.6p), along with a simple calculation to discover the exact, immediate, level of the Red line. It works out the share price was required to close the day below 547.485p to successfully break Red. By an amazing stroke of luck (?), the share price ended the session 12/100th of a penny above the trend, presumably in safety and a point at which we may hope for a bounce.

From a near term perspective, the share price needs exceed 582p to trigger a prospective early warning signal. Recovery such as this allows for an initial 612p but should a reason be discovered to trade above 612p, things are liable to become interesting for the longer term, calculating with the suggestion of ongoing growth to 696p with secondary, if bettered, at 726p and a very probable point of hesitation.

 

When we examine the potentials, should a reversal scenario occur, the price looks like it actually needs below 533p to provoke a serious trigger, one which calculates as capable of bringing further slumps to 510p initially. Should such a level break, we can work out a secondary at 472p, a share price level which suggests a bounce can be hoped.

In conclusion, the chart overall looks pretty positive and while we’re perhaps grasping at straws with our observations on the company closing price for the 14th, there was clearly some sort of justification for the market ensuring the closing price didn’t break trend. Multiple experiences in the past tend suggest this is something worth paying attention to.

Once again, our thanks to the folk who discover adverts on this page worthy of visiting.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:22:42PM	BRENT	73.26									‘cess
9:24:38PM	GOLD	1771.29									Success
9:26:54PM	FTSE	7226.42	7206	7178	7148	7266	7287	7305	7338	7223	‘cess
9:29:09PM	FRANCE	6915.8									‘cess
9:48:52PM	GERMANY	15524									Success
9:51:18PM	US500	4637.72									Success
9:53:49PM	DOW	35569	35438	35340	35074	35595	35780	35866	36010	35598	‘cess
9:56:30PM	NASDAQ	15934									Success
9:58:47PM	JAPAN	28322									‘cess

 

14/12/2021 FTSE Closed at 7218 points. Change of -0.18%. Total value traded through LSE was: £ 5,361,283,608 a change of -6.74%

13/12/2021 FTSE Closed at 7231 points. Change of -0.82%. Total value traded through LSE was: £ 5,748,563,220 a change of 23.93%

10/12/2021 FTSE Closed at 7291 points. Change of -0.41%. Total value traded through LSE was: £ 4,638,576,552 a change of -14.79%

9/12/2021 FTSE Closed at 7321 points. Change of -0.22%. Total value traded through LSE was: £ 5,443,441,871 a change of -11.44%

8/12/2021 FTSE Closed at 7337 points. Change of -0.04%. Total value traded through LSE was: £ 6,146,296,986 a change of 1.35%

7/12/2021 FTSE Closed at 7340 points. Change of 1.49%. Total value traded through LSE was: £ 6,064,412,188 a change of 23.32%

6/12/2021 FTSE Closed at 7232 points. Change of 1.54%. Total value traded through LSE was: £ 4,917,455,192 a change of -4.51%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:CASP Caspian** **LSE:CEY Centamin** **LSE:DARK Darktrace Plc** **LSE:DDDD 4D Pharma** **LSE:EXPN Experian** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:NG. National Glib** **LSE:OPG OPG Power Ventures** **LSE:POLY Polymetal** **LSE:TSCO Tesco** **

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Updated charts published on : Aston Martin, Caspian, Centamin, Darktrace Plc, 4D Pharma, Experian, IQE, ITM Power, National Glib, OPG Power Ventures, Polymetal, Tesco,

LSE:AML Aston Martin Close Mid-Price: 1190.5 Percentage Change: -3.25% Day High: 1240.5 Day Low: 1188.5

Weakness on Aston Martin below 1188.5 will invariably lead to 1084 with s ……..

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LSE:CASP Caspian Close Mid-Price: 3.75 Percentage Change: -3.85% Day High: 3.9 Day Low: 3.75

Continued weakness against CASP taking the price below 3.75 calculates as ……..

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LSE:CEY Centamin Close Mid-Price: 82.14 Percentage Change: -1.46% Day High: 84.24 Day Low: 81.88

Continued weakness against CEY taking the price below 81.88 calculates as ……..

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LSE:DARK Darktrace Plc Close Mid-Price: 376 Percentage Change: -4.03% Day High: 403.2 Day Low: 375

Weakness on Darktrace Plc below 375 will invariably lead to 322 with seco ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 52.7 Percentage Change: -7.87% Day High: 58.3 Day Low: 52

Target met. Continued weakness against DDDD taking the price below 52 cal ……..

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LSE:EXPN Experian Close Mid-Price: 3507 Percentage Change: -3.12% Day High: 3674 Day Low: 3509

All Experian needs are mid-price trades ABOVE 3674 to improve acceleratio ……..

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LSE:IQE IQE Close Mid-Price: 32 Percentage Change: -1.54% Day High: 33.1 Day Low: 31.8

Weakness on IQE below 31.8 will invariably lead to 31 with secondary (if ……..

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LSE:ITM ITM Power Close Mid-Price: 382.2 Percentage Change: -0.16% Day High: 412.2 Day Low: 375.4

This is starting to look a little ropey as weakness below 375 now calculat ……..

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LSE:NG. National Glib. Close Mid-Price: 1055.4 Percentage Change: + 0.42% Day High: 1060.2 Day Low: 1049

Target met. Continued trades against NG. with a mid-price ABOVE 1060.2 sh ……..

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LSE:OPG OPG Power Ventures Close Mid-Price: 11.12 Percentage Change: -2.20% Day High: 11.62 Day Low: 11.12

If OPG Power Ventures experiences continued weakness below 11.12, it will ……..

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LSE:POLY Polymetal Close Mid-Price: 1265 Percentage Change: -1.98% Day High: 1282 Day Low: 1260

Continued weakness against POLY taking the price below 1260 calculates as ……..

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LSE:TSCO Tesco Close Mid-Price: 284.75 Percentage Change: -0.21% Day High: 287.3 Day Low: 284

Continued trades against TSCO with a mid-price ABOVE 287.3 should improve ……..

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

#Gold #SP500_futures When we previously reviewed Rockhopper back at the start of 2019, we’d warned of some pretty nasty consequences if our reversal trigger was troubled. In true lethargic style, it took until August until everything went wrong, the price celebrating the end of the year by hitting our 15p drop target. A miracle bounce brought the start of 2020, then Covid hit the markets and sanity left the building.

We’re not entirely convinced sanity is returning but “something” is certainly going on with Rockhopper, the price showing a series of interesting movements this month and better still, has managed to actually close a session above the immediate downtrend (see chart insert). Presently trading around 8.2p, the share need only exceed Monday 13th’s 9p high to hopefully garnish sufficient strength to reach an initial 10.6p. Our secondary, if such a level is exceeded, works out at 12.7p but visually there’s some pretty strong reasons to anticipate some hesitation around the 10.6p level. If we glance at the chart, the last two years has seen Rockhopper develop an unhealthy fascination just above the 10p mark, resulting in a possibility the glass ceiling shall again intrude.

Of course, this could be due to a plethora of private investors selling at break-even, folk who previously jumped in at the 10p level, only to find their funds taking a protracted holiday in the Falkland Basin…

 

We’re equally curious whether the share price shall exhibit something vanishingly rare recently, exuberant behaviour following a GaGa movement. The two circled areas of the chart highlight Gap Down/Gap Up behaviour. It used to be the case spotting a GaGa provided an almost cast iron case for solid movement of considerable strength. In the case of Rockhopper, if we extrapolate the implied strength from this pattern of price shuffles, the implication is a suggestion of coming recovery to an improbable looking 16.5p. We’re more than a little sceptical at this, quite literal, share price doubling calculation.

However, there is yet a further aspect to Rockhoppers price movements we’ve avoided. Two years ago, when we gave a reversal target level of 15p, we warned, should this level break, we could only calculate an ultimate bottom of 0.6p. Thankfully, the share hasn’t come close to this level, its relentless drop eventually deciding to bottom at 4p. At this point in time, while there’s not been any spectacular recovery, the fact our “ultimate bottom” remained untroubled tends imply some residual strength for the share price. That particular calculation is thankfully no longer valid, due to the share managing to close a session above the Blue downtrend.

At this point, we generally would finish with a festive worst case scenario, an early warning if everything intended go horribly wrong. About the only sensible comment we dare make would be to warn of consequences, if the price managed to close a session below just 7p. Such movement would utterly foul all our calculations!

 

Finally, as is our habit, we scanned the news in an effort to discover the reason for Rockhoppers suddenly positive attitude to life. Google News revealed quite a few recent mentions, including a company called Navitas Petroleum joining them as a partner in the Falklands. In addition, their CFO is stepping down. Perhaps something solid is finally happening.

 

Our thanks to the kind folk who effectively buy us a coffee by visiting a fascinating advert on this page. A morning latte has become essential!

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:48:11PM	BRENT	74.28
9:50:11PM	GOLD	1787.38	1781	1778	1774	1789	1792	1796	1805	1781
9:53:09PM	FTSE	7254.32									‘cess
9:55:41PM	FRANCE	6958.5									Shambles
10:11:08PM	GERMANY	15625.55									Success
10:23:49PM	US500	4673.97	4665	4641	4611	4696	4708	4730	4753	4670	Success
10:25:40PM	DOW	35678									Success
10:27:30PM	NASDAQ	16098									‘cess
10:29:38PM	JAPAN	28462									Shambles

 

13/12/2021 FTSE Closed at 7231 points. Change of -0.82%. Total value traded through LSE was: £ 5,748,563,220 a change of 23.93%

10/12/2021 FTSE Closed at 7291 points. Change of -0.41%. Total value traded through LSE was: £ 4,638,576,552 a change of -14.79%

9/12/2021 FTSE Closed at 7321 points. Change of -0.22%. Total value traded through LSE was: £ 5,443,441,871 a change of -11.44%

8/12/2021 FTSE Closed at 7337 points. Change of -0.04%. Total value traded through LSE was: £ 6,146,296,986 a change of 1.35%

7/12/2021 FTSE Closed at 7340 points. Change of 1.49%. Total value traded through LSE was: £ 6,064,412,188 a change of 23.32%

6/12/2021 FTSE Closed at 7232 points. Change of 1.54%. Total value traded through LSE was: £ 4,917,455,192 a change of -4.51%

3/12/2021 FTSE Closed at 7122 points. Change of -0.1%. Total value traded through LSE was: £ 5,149,568,407 a change of -8.34%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:AGM Applied Graphene** **LSE:AML Aston Martin** **LSE:BLOE Block Energy PLC** **LSE:CEY Centamin** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DARK Darktrace Plc** **LSE:DDDD 4D Pharma** **LSE:FOXT Foxtons** **LSE:GENL Genel** **LSE:IGAS Igas Energy** **LSE:IQE IQE** **LSE:ITRK Intertek** **LSE:LLOY Lloyds Grp.** **LSE:NG. National Glib** **LSE:POLY Polymetal** **LSE:RBD Reabold Resources PLC** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **

********

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LSE:AFC AFC Energy Close Mid-Price: 46.4 Percentage Change: -4.03% Day High: 48.2 Day Low: 46

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LSE:AGM Applied Graphene Close Mid-Price: 24 Percentage Change: -4.76% Day High: 25 Day Low: 23.5

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LSE:AML Aston Martin Close Mid-Price: 1230.5 Percentage Change: -4.87% Day High: 1301 Day Low: 1231

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LSE:BLOE Block Energy PLC Close Mid-Price: 0.88 Percentage Change: -5.41% Day High: 0.92 Day Low: 0.82

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LSE:CEY Centamin Close Mid-Price: 83.36 Percentage Change: -2.78% Day High: 86.56 Day Low: 82.98

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LSE:CNA Centrica Close Mid-Price: 67 Percentage Change: -1.12% Day High: 67.7 Day Low: 66.66

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LSE:CPI Capita Close Mid-Price: 36.76 Percentage Change: -18.67% Day High: 44.37 Day Low: 34.49

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LSE:DARK Darktrace Plc Close Mid-Price: 391.8 Percentage Change: -1.31% Day High: 406.8 Day Low: 390.4

Target met. Continued weakness against DARK taking the price below 390.4 ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 57.2 Percentage Change: -3.70% Day High: 64.6 Day Low: 56.2

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LSE:FOXT Foxtons Close Mid-Price: 39.15 Percentage Change: -4.04% Day High: 41.45 Day Low: 38.7

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LSE:GENL Genel Close Mid-Price: 121 Percentage Change: -3.20% Day High: 127.6 Day Low: 121

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LSE:IGAS Igas Energy Close Mid-Price: 13 Percentage Change: -6.64% Day High: 14 Day Low: 13.1

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LSE:IQE IQE Close Mid-Price: 32.5 Percentage Change: -3.56% Day High: 34.25 Day Low: 32.4

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LSE:ITRK Intertek. Close Mid-Price: 5750 Percentage Change: + 0.67% Day High: 5824 Day Low: 5706

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LSE:LLOY Lloyds Grp. Close Mid-Price: 44.35 Percentage Change: -4.28% Day High: 46.33 Day Low: 44.3

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LSE:NG. National Glib. Close Mid-Price: 1051 Percentage Change: + 0.02% Day High: 1053.4 Day Low: 1043.8

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LSE:POLY Polymetal Close Mid-Price: 1290.5 Percentage Change: -2.79% Day High: 1331.5 Day Low: 1289

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LSE:RBD Reabold Resources PLC Close Mid-Price: 0.1 Percentage Change: -8.70% Day High: 0.12 Day Low: 0.1

Target met. If Reabold Resources PLC experiences continued weakness below ……..

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LSE:RKH Rockhopper. Close Mid-Price: 8.19 Percentage Change: + 1.11% Day High: 9 Day Low: 7.75

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LSE:RR. Rolls Royce Close Mid-Price: 116.94 Percentage Change: -4.77% Day High: 123.12 Day Low: 116.38

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LSE:SBRY Sainsbury Close Mid-Price: 272.1 Percentage Change: -1.13% Day High: 275.5 Day Low: 270.3

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

#Brent #Dax The folk behind Formula One should have a go at running the stock market in the UK. After witnessing the distasteful end to the final race of the season on Sunday, it’s perfectly possible #Natwest would find itself enjoying a share price in excess of 570p within just a day or two! For those who didn’t watch the race, F1 management engineered a situation where the existing world champion was forced to lose to the contender in the final lap, despite the champion significantly leading the entire race.

Perhaps the greater complaint was the; “Well, that’s 90 minutes of my time I’ll never get back” irritation. After all, Xmas lights were not going to hang themselves in the garden and by the time the sham race completed, there was only 60 minutes of daylight left. Just to further make the experience more fun, it was also raining and windy, despite being dry during this final race of the year. When my wife arrived home a few hours later, she was delighted at the display, blissfully unaware I’d literally tossed clumps of tangled lights onto the bushes and let the wind decide how they’d appear. Since the advent of cheap, exterior, LED lights, it seems every year I’m being assigned more of the things to carefully position around the front shrubbery.

 

However, to focus on Natwest, we tossed 570p into the conversation in the opening paragraph. This is liable to prove quite an important price level sometime in the future for some incredibly complex and simple reasons. It’s worth remembering Natwest was once called RBS (or the clown bank by some) and chart packages tend pretend the share price 10:1 consolidation of 2012 didn’t happen, as it fouls historical data. As pointed our with depressing regularity, the current price of 216p is actually 21.6p, if we admit the 10:1 event took place. In the financial crisis of 2009, RBS (Natwest) hit 9.7p as a low, and while the low in 2020 of 90p may sound better, the reality is the share price was just 9p in ‘original’ money. To be honest, RBS never shied away from their 10:1 consolidation as being a straightforward exercise, just to make the share sound more respectable as a major member of the FTSE 100.

Unfortunately, our grouch in-house came from the 57p level, a number which is now 570p. When we were designing our software, we used quite a few key players from the market while we explored how many ways we could get things wrong with numbers. RBS was one such company and by the time the company fiddled with the number of shares in issue, we’d – rather comfortably – identified 57p as an absolutely critical level above which the share was required, before any rising cycle could be taken seriously. After consolidation, the only thing which changed from a seriously Big Picture perspective was this trigger level became 570p. And as per 10 years ago, the share price has remained more distant from the 570p trigger than a Conservative politician admitting to attending a festive party!

 

Since we previously reviewed Natwest, the market opted to force the Covid-19/Omicron variant reversal, a movement which thus far has failed to stick. In the great scheme of this, we would have expected Natwest to commence a reversal cycle to 186p, something which just has not happened. Instead, we can see the share price has recovered, once again tickling price levels before the manipulation (market gap) downward. It’s all very strange, making us wonder whether UK PM Boris Johnstone sunken eyed address to the nation on Sunday evening shall be a last minute attempt to force panic again into the markets, just to ensure a grotty end to the year.

If our cynical nature is to be confirmed, below 210p looks troubling, calculating with the potential of reversal to 186p with secondary, if broken, at 176p and hopefully some sort of bounce. And alternate scenario, for gains, is rather less certain, requiring above 228p to suggest recovery to 239p with secondary, if bettered, at 253p.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:39:15PM	BRENT	75.22	73.66	73.005	71.83	74.9	75.6	76.07	76.82	74.2	Shambles
9:46:41PM	GOLD	1782.98
9:49:09PM	FTSE	7295.73									‘cess
9:51:13PM	FRANCE	6994.8
9:55:10PM	GERMANY	15650	15601	15572	15531	15652	15659	15682	15707	15622
9:57:41PM	US500	4691.77									Success
10:01:28PM	DOW	35851									‘cess
10:42:24PM	NASDAQ	16240									Success
10:44:13PM	JAPAN	28610

 

10/12/2021 FTSE Closed at 7291 points. Change of -0.41%. Total value traded through LSE was: £ 4,638,576,552 a change of -14.79%

9/12/2021 FTSE Closed at 7321 points. Change of -0.22%. Total value traded through LSE was: £ 5,443,441,871 a change of -11.44%

8/12/2021 FTSE Closed at 7337 points. Change of -0.04%. Total value traded through LSE was: £ 6,146,296,986 a change of 1.35%

7/12/2021 FTSE Closed at 7340 points. Change of 1.49%. Total value traded through LSE was: £ 6,064,412,188 a change of 23.32%

6/12/2021 FTSE Closed at 7232 points. Change of 1.54%. Total value traded through LSE was: £ 4,917,455,192 a change of -4.51%

3/12/2021 FTSE Closed at 7122 points. Change of -0.1%. Total value traded through LSE was: £ 5,149,568,407 a change of -8.34%

2/12/2021 FTSE Closed at 7129 points. Change of -0.54%. Total value traded through LSE was: £ 5,618,064,136 a change of -12.19%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:BT.A British Telecom** **LSE:CEY Centamin** **LSE:CNA Centrica** **LSE:DARK Darktrace Plc** **LSE:GENL Genel** **LSE:IQE IQE** **LSE:PMG Parkmead** **LSE:POLY Polymetal** **LSE:RKH Rockhopper** **LSE:SBRY Sainsbury** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : Aston Martin, British Telecom, Centamin, Centrica, Darktrace Plc, Genel, IQE, Parkmead, Polymetal, Rockhopper, Sainsbury, Taylor Wimpey,

LSE:AML Aston Martin Close Mid-Price: 1293.5 Percentage Change: -3.86% Day High: 1342 Day Low: 1290

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LSE:BT.A British Telecom. Close Mid-Price: 178.45 Percentage Change: + 1.02% Day High: 180.55 Day Low: 175.55

All British Telecom needs are mid-price trades ABOVE 180.55 to improve ac ……..

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LSE:CEY Centamin Close Mid-Price: 85.74 Percentage Change: -2.15% Day High: 87.96 Day Low: 83.9

Target met. In the event Centamin experiences weakness below 83.9 it calc ……..

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LSE:CNA Centrica Close Mid-Price: 67.76 Percentage Change: -0.18% Day High: 68.46 Day Low: 67.42

If Centrica experiences continued weakness below 67.42, it will invariabl ……..

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LSE:DARK Darktrace Plc Close Mid-Price: 397 Percentage Change: -4.20% Day High: 417.6 Day Low: 397.4

In the event Darktrace Plc experiences weakness below 397.4 it calculates ……..

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LSE:GENL Genel Close Mid-Price: 125 Percentage Change: -4.87% Day High: 128.2 Day Low: 123

If Genel experiences continued weakness below 123, it will invariably lea ……..

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LSE:IQE IQE Close Mid-Price: 33.7 Percentage Change: -1.61% Day High: 34.85 Day Low: 33.25

Continued weakness against IQE taking the price below 33.25 calculates as ……..

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LSE:PMG Parkmead Close Mid-Price: 34.4 Percentage Change: -3.10% Day High: 35.3 Day Low: 34.4

Target met. In the event Parkmead experiences weakness below 34.4 it calc ……..

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LSE:POLY Polymetal. Close Mid-Price: 1327.5 Percentage Change: + 0.76% Day High: 1331.5 Day Low: 1299.5

Weakness on Polymetal below 1299.5 will invariably lead to 1243. If broke ……..

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LSE:RKH Rockhopper. Close Mid-Price: 8.1 Percentage Change: + 15.63% Day High: 8.54 Day Low: 7.25

Target met. Continued trades against RKH with a mid-price ABOVE 8.54 shou ……..

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LSE:SBRY Sainsbury Close Mid-Price: 275.2 Percentage Change: -0.11% Day High: 275.2 Day Low: 272

Weakness on Sainsbury below 272 will invariably lead to 264 with secondar ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 167.5 Percentage Change: -0.92% Day High: 171.05 Day Low: 166.85

Further movement against Taylor Wimpey ABOVE 171.05 should improve accele ……..

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

#FTSE #Genedrive With the countdown to Xmas, as usual there’s the seasonal speculation for the possibility of a forthcoming “Santa Rally” in the marketplace. To be fair on the FTSE, presently trading around 7,320 points, the index only need exceed 7,405 points to provide a pretty solid expectation for coming growth of around 4.2% from current, potentially to around 7,631 points.

Almost laughably, this would return the index to a level last seen at Christmas 2019, when the market closed on Xmas eve at 7,632 points. Numbers can be a strange thing, yet as clearly exhibited by Genedrive in our report for the 9th December (yesterda), the share price indeed exceeded our 68p trigger and exactly hit our 81p initial target 44 minutes later. We also note our initial target was not exceeded, running the risk of the price messing around for a while.

 

From a near term perspective, the FTSE now requires exceed 7,366 to suggest coming movement to an initial 7,380 points. If bettered, we can calculate a secondary at 7,431 points, quite cheerfully above the trigger level which is supposed to trigger a mythical “Santa Rally”. Then again, as we live in an age where politicians frown on all frivolity and ensure their behaviour meets the lowest standards expected in public office, perhaps politics shall conspire to derail any optimism.

However, should the dream come true in the days ahead, the Big Picture tells us above 7,405 is supposed to provoke FTSE a recovery cycle to an initial 7,474 with secondary, if bettered, at our 7,631 points.

 

Should things intend for pear shaped, below 7,287 looks capable of triggering reversal to an almost certain 7,236 points. If broken, we can calculate a secondary at 7,188 points and hopefully some sort of real bounce.

Have a good weekend, hopefully one which shall see a UK driver lift the F1 World Drivers championship for the 8th time.

Huge thanks to those who discover interesting adverts on this page. The tiny amount of income literally buys us our daily coffee!

Thanks again.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:10:03PM	BRENT	73.91	73.7	73.08		74.93	75.54	76.13		74.45	‘cess
10:12:01PM	GOLD	1775.56	1773	1769		1783	1787	1790		1779	‘cess
10:13:50PM	FTSE	7314.03	7297	7283		7335	7335	7341		7303	‘cess
10:15:48PM	FRANCE	6997.8	6982	6972		7014	7042	7047		7007	‘cess
10:18:24PM	GERMANY	15620	15583	15553		15697	15725	15762		15667	‘cess
10:23:06PM	US500	4671.57	4663	4652		4681	4684	4690		4670	‘cess
10:26:45PM	DOW	35759.1	35577	35468		35804	35863	35969		35606
10:29:44PM	NASDAQ	16162	16120	16090		16220	16202	16265		16147	‘cess
10:32:19PM	JAPAN	28614	28562	28420		28751	28790	28854		28593

 

9/12/2021 FTSE Closed at 7321 points. Change of -0.22%. Total value traded through LSE was: £ 5,443,441,871 a change of -11.44%

8/12/2021 FTSE Closed at 7337 points. Change of -0.04%. Total value traded through LSE was: £ 6,146,296,986 a change of 1.35%

7/12/2021 FTSE Closed at 7340 points. Change of 1.49%. Total value traded through LSE was: £ 6,064,412,188 a change of 23.32%

6/12/2021 FTSE Closed at 7232 points. Change of 1.54%. Total value traded through LSE was: £ 4,917,455,192 a change of -4.51%

3/12/2021 FTSE Closed at 7122 points. Change of -0.1%. Total value traded through LSE was: £ 5,149,568,407 a change of -8.34%

2/12/2021 FTSE Closed at 7129 points. Change of -0.54%. Total value traded through LSE was: £ 5,618,064,136 a change of -12.19%

1/12/2021 FTSE Closed at 7168 points. Change of 1.54%. Total value traded through LSE was: £ 6,397,928,527 a change of -42.03%

 

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:BT.A British Telecom** **LSE:CASP Caspian** **LSE:CEY Centamin** **LSE:DARK Darktrace Plc** **LSE:IGAS Igas Energy** **LSE:ITRK Intertek** **LSE:NG. National Glib** **LSE:QFI Quadrise** **LSE:RBD Reabold Resources PLC** **LSE:RKH Rockhopper** **

********

Updated charts published on : Applied Graphene, British Telecom, Caspian, Centamin, Darktrace Plc, Igas Energy, Intertek, National Glib, Quadrise, Reabold Resources PLC, Rockhopper,

LSE:AGM Applied Graphene Close Mid-Price: 24.5 Percentage Change: -2.00% Day High: 25.5 Day Low: 24

This is suddenly looking dodgy as below 24 looks capable of reversal to 20 ……..

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LSE:BT.A British Telecom. Close Mid-Price: 176.65 Percentage Change: + 2.79% Day High: 177.2 Day Low: 172.25

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LSE:CASP Caspian Close Mid-Price: 3.9 Percentage Change: -3.70% Day High: 4.05 Day Low: 3.9

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LSE:CEY Centamin Close Mid-Price: 87.62 Percentage Change: -4.11% Day High: 91.72 Day Low: 87.46

If Centamin experiences continued weakness below 87.46, it will invariabl ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 414.4 Percentage Change: + 1.12% Day High: 430.2 Day Low: 402.4

If Darktrace Plc experiences continued weakness below 402.4, it will inva ……..

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LSE:IGAS Igas Energy Close Mid-Price: 13.75 Percentage Change: -2.31% Day High: 14 Day Low: 13.3

Weakness on Igas Energy below 13.3 will invariably lead to 12.3 next with ……..

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LSE:ITRK Intertek. Close Mid-Price: 5742 Percentage Change: + 1.70% Day High: 5804 Day Low: 5678

Continued trades against ITRK with a mid-price ABOVE 5804 should improve ……..

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LSE:NG. National Glib. Close Mid-Price: 1049 Percentage Change: + 1.06% Day High: 1050.6 Day Low: 1041.4

In the event of National Glib enjoying further trades beyond 1050.6, the ……..

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LSE:QFI Quadrise. Close Mid-Price: 2.31 Percentage Change: + 2.44% Day High: 2.24 Day Low: 2.2

Continued weakness against QFI taking the price below 2.2 calculates as l ……..

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LSE:RBD Reabold Resources PLC Close Mid-Price: 0.12 Percentage Change: -7.41% Day High: 0.14 Day Low: 0.12

Target met. In the event Reabold Resources PLC experiences weakness below ……..

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LSE:RKH Rockhopper. Close Mid-Price: 7 Percentage Change: + 12.80% Day High: 7.49 Day Low: 5.7

Target met. All Rockhopper needs are mid-price trades ABOVE 7.49 to impro ……..

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

#Gold #CAC40 We’ve never been entirely comfortable we understand where “ratings” actually come for, when shares are being discussed. Genedrive is a case in point, currently assigned with a “Strong Buy” technical rating. We opted to poke around and there’s the usual nonsense, references to Upward Channels, discussion about Moving Averages, along with inevitable comments from true believers, deciding it’s a buy no matter what.

The reason we’re somewhat flippant is simple. The share price has achieved a high of 74.75 and closed a session at 63p. As the chart for the last year highlights, the price is now above the immediate downtrend and also is trading higher than at any point since June. We’re great fans of Higher Highs and feel a chart, unadorned with colourful technical indicators, should be give sufficient information to those who fail to understand technical indicators. We’ve shown two identical charts below, the upper one focussed on the level at which the share price closed. The lower one is decorated with colourful candles and the important thing is straightforward. Both charts give an impression of a share price which looks very capable of future gains for this established molecular diagnostics company.

 

Near term, above 68p now looks capable of further price recovery to an initial 81p with secondary, if bettered, at 92p. Our secondary is an important point, a level where the share price requires close to enter quite a different cycle of price movements. Long story short, closure above 92p allows an initial 123p with secondary, if bettered, a distant looking 160p.

Strictly speaking, if everything intends go pear shaped, the share price requires below 33p to justify panic. This obviously gives a heck of a lot of wriggle room for the price in the months ahead and unfortunately, the earliest warning looks like it shall come if the price closes a session below 41p.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:40:48PM	BRENT	75.95
9:42:53PM	GOLD	1785.78	1779	1775	1769	1787	1793	1796	1804	1781	‘cess
9:44:35PM	FTSE	7347.84									‘cess
9:46:43PM	FRANCE	7028	7010	6987	6947	7050	7107	7135	7205	7027	‘cess
9:49:10PM	GERMANY	15721
9:53:03PM	US500	4701.02									‘cess
9:55:16PM	DOW	35760									‘cess
10:01:19PM	NASDAQ	16384.84
10:03:37PM	JAPAN	28880									‘cess

 

8/12/2021 FTSE Closed at 7337 points. Change of -0.04%. Total value traded through LSE was: £ 6,146,296,986 a change of 1.35%

7/12/2021 FTSE Closed at 7340 points. Change of 1.49%. Total value traded through LSE was: £ 6,064,412,188 a change of 23.32%

6/12/2021 FTSE Closed at 7232 points. Change of 1.54%. Total value traded through LSE was: £ 4,917,455,192 a change of -4.51%

3/12/2021 FTSE Closed at 7122 points. Change of -0.1%. Total value traded through LSE was: £ 5,149,568,407 a change of -8.34%

2/12/2021 FTSE Closed at 7129 points. Change of -0.54%. Total value traded through LSE was: £ 5,618,064,136 a change of -12.19%

1/12/2021 FTSE Closed at 7168 points. Change of 1.54%. Total value traded through LSE was: £ 6,397,928,527 a change of -42.03%

30/11/2021 FTSE Closed at 7059 points. Change of -0.7%. Total value traded through LSE was: £ 11,036,747,551 a change of 76.98%

 

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:DARK Darktrace Plc** **LSE:DGE Diageo** **LSE:EXPN Experian** **LSE:LLOY Lloyds Grp.** **LSE:NG. National Glib** **LSE:OXIG Oxford Instruments** **LSE:QFI Quadrise** **LSE:RKH Rockhopper** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Barrett Devs, Darktrace Plc, Diageo, Experian, Lloyds Grp., National Glib, Oxford Instruments, Quadrise, Rockhopper, Tesco, Taylor Wimpey, Zoo Digital,

LSE:BDEV Barrett Devs. Close Mid-Price: 741 Percentage Change: + 1.23% Day High: 749.2 Day Low: 732.6

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LSE:DARK Darktrace Plc Close Mid-Price: 409.8 Percentage Change: -4.48% Day High: 434 Day Low: 405.6

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LSE:DGE Diageo Close Mid-Price: 3976.5 Percentage Change: -0.98% Day High: 4051 Day Low: 3969.5

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LSE:EXPN Experian. Close Mid-Price: 3607 Percentage Change: + 0.14% Day High: 3671 Day Low: 3585

Target met. Further movement against Experian ABOVE 3671 should improve a ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 47.37 Percentage Change: -0.25% Day High: 47.87 Day Low: 46.71

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LSE:NG. National Glib. Close Mid-Price: 1038 Percentage Change: + 0.97% Day High: 1045 Day Low: 1029.8

Target met. Further movement against National Glib ABOVE 1045 should impr ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2435 Percentage Change: + 0.00% Day High: 2480 Day Low: 2405

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LSE:QFI Quadrise Close Mid-Price: 2.25 Percentage Change: -14.29% Day High: 0 Day Low: 0

In the event Quadrise experiences weakness below 2.3 it calculates with a ……..

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LSE:RKH Rockhopper. Close Mid-Price: 6.21 Percentage Change: + 19.42% Day High: 6.94 Day Low: 6

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LSE:TSCO Tesco Close Mid-Price: 282.75 Percentage Change: -0.55% Day High: 286.5 Day Low: 282.4

All Tesco needs are mid-price trades ABOVE 286.5 to improve acceleration ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 169.3 Percentage Change: + 0.89% Day High: 170.95 Day Low: 166.85

Target met. Continued trades against TW. with a mid-price ABOVE 170.95 sh ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 117.5 Percentage Change: -0.84% Day High: 118.5 Day Low: 116.5

Weakness on Zoo Digital below 116.5 will invariably lead to 118.5, it wil ……..

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