Easyjet Plc flying backwards?

#Gold #SP500 A historical dislike of Easyjet (LSE:EZJ) & Ryanair tends make us distrust our reports on these company share price movements, ‘lest we permit an inherent bias to intrude, unconsciously favouring worst case scenario. It presently feels their share price doesn’t need further assistance to ‘talk it down’, the current lockdown scare appears to be stepping in the role quite nicely.

We had to wonder about the view of the Downing St wino party, a photograph taken from above. Perhaps an airline took the shot, banking the image for use against the next time when incompetent politicians decided to again trash their industry. But, to be fair, another politician believes the angle reveals the snapshot was taken from No 11 Downing St, perhaps the chancellor feeling distraught at being left out of a garden party. As the Prime Minister describes the event as a working meeting, our own personal experience of corporate meetings certainly agrees they would be brightened considerably if the company ensured a supply of drinks. It would also make driving home at the end of a day quite an interesting proposition.

 

Easyjet share price looks poised for another hammering. In terms of ‘closing price’, the share is currently messing around at the level of the pandemic low of 2020, looking dangerously close to another thrashing. On the day of the pandemic crash, Easyjet hit 410p but actually closed the day at 507p. At present, the share price needs descend below 457p to risk triggering further reversals to 301p. We’d hope for a bounce at such a level, if only due to such a reversal essentially matching the lows of the financial crash.

There’s a serious issue if the share price discovers an excuse to close a session below 301p. It risks a visit to an ultimate bottom of 45p thereafter. Generally, when such a massive void exists between target levels, we tend expect a proper bounce at the initial target, in this case 301p.

 

However, there are early signs our dreadful scenario above risks being too dramatic. Currently, the share need only exceed 515p to allegedly enter a cycle to an initial 551p. If bettered, we can feel more confident extrapolating a future 677p as a major point of interest. Unfortunately, for the present Easyjet share price shares a lot with folk who’ve been through their ‘Customer Service’ process. It’s not happy!

As always, many thanks to those who opt to visit some of the fascinating adverts on this page. This week especially, we appreciate feeling someone just bought us a coffee.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:44:07PM BRENT 72.01 Success
9:46:51PM GOLD 1788.74 1788 1785 1776 1797 1804 1809 1812 1794 ‘cess
9:49:29PM FTSE 7253.16 Success
9:51:36PM FRANCE 6903.3
9:54:31PM GERMANY 15368 Success
9:59:32PM US500 4578 4564 4549 4519 4601 4582 4600 4623 4546 Success
10:02:05PM DOW 35024
10:05:09PM NASDAQ 15686 Shambles
10:08:13PM JAPAN 28244 Success

 

20/12/2021 FTSE Closed at 7198 points. Change of -0.98%. Total value traded through LSE was: £ 5,725,360,926 a change of 374.84%
17/12/2021 FTSE Closed at 7269 points. Change of 0.12%. Total value traded through LSE was: £ 1,205,733,107 a change of 0%
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%

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:AVCT Avacta** **LSE:CASP Caspian** **LSE:CBX Cellular Goods** **LSE:CPI Capita** **LSE:FOXT Foxtons** **LSE:GKP Gulf Keystone** **LSE:HUR Hurrican Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:NG. National Glib** **LSE:OPG OPG Power Ventures** **LSE:OXIG Oxford Instruments** **LSE:QFI Quadrise** **LSE:RR. Rolls Royce** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Applied Graphene, Avacta, Caspian, Cellular Goods, Capita, Foxtons, Gulf Keystone, Hurrican Energy, Intercontinental Hotels Group, ITM Power, National Glib, OPG Power Ventures, Oxford Instruments, Quadrise, Rolls Royce, Zoo Digital,

LSE:AGM Applied Graphene Close Mid-Price: 21.5 Percentage Change: -6.11% Day High: 22.5 Day Low: 21.5

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LSE:AVCT Avacta Close Mid-Price: 104.8 Percentage Change: -2.06% Day High: 108.5 Day Low: 103.5

Weakness on Avacta below 103.5 will invariably lead to 90p next. If broke ……..

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LSE:CASP Caspian Close Mid-Price: 3.5 Percentage Change: -2.78% Day High: 3.7 Day Low: 3.5

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LSE:CBX Cellular Goods. Close Mid-Price: 6.15 Percentage Change: + 2.50% Day High: 6.15 Day Low: 5.85

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LSE:CPI Capita Close Mid-Price: 34.74 Percentage Change: -3.45% Day High: 35.19 Day Low: 33.71

If Capita experiences continued weakness below 33.71, it will invariably ……..

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LSE:FOXT Foxtons Close Mid-Price: 38.25 Percentage Change: -1.42% Day High: 41.35 Day Low: 38

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LSE:GKP Gulf Keystone Close Mid-Price: 168.2 Percentage Change: -3.22% Day High: 171.4 Day Low: 164.6

Target met. Weakness on Gulf Keystone below 164.6 will invariably lead to ……..

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LSE:HUR Hurrican Energy Close Mid-Price: 3.55 Percentage Change: -15.48% Day High: 4 Day Low: 3.3

Target met. Continued weakness against HUR taking the price below 3.3 cal ……..

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LSE:IHG Intercontinental Hotels Group Close Mid-Price: 4438 Percentage Change: -0.83% Day High: 4468 Day Low: 4314

If Intercontinental Hotels Group experiences continued weakness below 431 ……..

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LSE:ITM ITM Power Close Mid-Price: 369.6 Percentage Change: -2.27% Day High: 374.2 Day Low: 358.6

Weakness on ITM Power below 358.6 will invariably lead to 313. If broken, ……..

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LSE:NG. National Glib. Close Mid-Price: 1074.8 Percentage Change: + 0.09% Day High: 1072.8 Day Low: 1051

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LSE:OPG OPG Power Ventures Close Mid-Price: 10.75 Percentage Change: -3.37% Day High: 11.12 Day Low: 10.75

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LSE:OXIG Oxford Instruments Close Mid-Price: 2535 Percentage Change: -1.55% Day High: 2530 Day Low: 2495

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LSE:QFI Quadrise Close Mid-Price: 1.98 Percentage Change: -10.23% Day High: 2.09 Day Low: 2.09

Target met. Weakness on Quadrise below 2.09 will invariably lead to 1.9 w ……..

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LSE:RR. Rolls Royce Close Mid-Price: 110.48 Percentage Change: -3.34% Day High: 112.6 Day Low: 107.12

Target met. In the event Rolls Royce experiences weakness below 107.12 it ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 114 Percentage Change: -1.72% Day High: 114 Day Low: 112.5

Target met. Continued weakness against ZOO taking the price below 112.5 c ……..

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

Chocolate, Another Brent update. And Lloyds Bank. Again…

#Brent #Dax The coming week looks quite dreadful, thanks to the advent calendar on my desk only showing 5 more windows from which it shall dispense little miserable chunks of chocolate. Who knew, when it was received, this terrible excuse for a Xmas card would assume such a key role in counting down the days. Okay, perhaps everyone knows but personally I’ve never been given one of these things.

One hitherto unknown facet of this item of torture was a revelation I’m a complete chocolate addict! The normal office routine is to turn on the espresso machine, turn on the computers, grind some coffee beans, etc. Now, it’s a rush to the calendar and scoff a fragment of chocolate. Perhaps the reason is I generally only allow myself confectionary on Xmas day, my waistlines best friend, a chocolate orange.

 

I’ve just 5 chocolate treats left for the coming week, the market in London closing at 12.30pm on Friday for what shall be quite a decent break, due to Monday & Tuesday being allocated holiday status due to Xmas falling on the weekend. It’s easy to wonder if I shall deserve a 2nd chocolate orange on the Monday, a sort of Xmas day in lieu excuse. It’s certainly going to be curious this year, discovering if chocolate oranges have yet again shrunk in size. Over the years, it has become obvious the manufacturer has opted to reduce the size of their product, rather than increase the retail price. Sooner or later, a reasonable suspicion is the little globes of heaven shall challenge the size of maltesers.

 

While counting down the minutes until my 8am chocolate morsel, it’s probably worth noting our previous report on Brent three weeks ago came to fruition. The black stuff opted to reverse and break our $68 initial target level. The break, or rather, the force of the break down to a surprise $65 tends suggest the markets are taking the threat of further lockdowns quite seriously. As a result, we’re inclined to expect the worst in the week again, while Governments agonise whether to effectively cancel Xmas. Of course, it’s doubtful the UK could “get away” with such a wheeze, given photographs at the weekend of a lazy wine & cheese bash at Downing St in May 2020, literally none of the guidelines being followed. But with Germany and France already opting to restrict travel from the UK, it’s maybe the case the damage has already been done. Again.

If this results in a panic set of lockdown rules, the knock-on effect across the markets is liable to prove quite spectacular.

Now below $68 calculates with the triggering possibility of Brent Crude heading down to $60.76 initially. In the event such a level breaks, our secondary (and hopefully bottom) works out at $43.62. Should such weakness trigger, the tightest stop is impossibly wide at $77.

 Lloyds Bank (LON:LLOY) As for Lloyds, we can be brief. Our criteria three weeks ago proposed an argument for reversal to 44.6p. This level was achieved and even broken. As a result, we’re inclined toward a degree of misery in speculating what’s coming next. The price now needs break 44.3p to trigger reversal to an initial 43.16p with secondary, if (or rather when) broken at a bottom of 40.3p. Overall, Lloyds share price is now trading in a region where we calculate an ultimate bottom of 32p has become possible. It’s probably important to view the inset on the chart below. The upper inset with candles shows the share price appears to exceed the immediate Red uptrend. The lower inset, the closing price, shows the market took exquisite care to avoid the price closing a session in safety.

As a result, we suspect the markets are just waiting a Lockdown announcement to provoke sharp reversals. Lloyds now requires to trade above 48p to aim for any sort of safety.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:32:32PM BRENT 77.93 72.64 72.27 71.83 73.74 74.42 74.68 75.36 73.46 Success
10:35:06PM GOLD 1796.3 Success
10:37:06PM FTSE 7239.81
10:39:57PM FRANCE 6927 Success
10:43:11PM GERMANY 15502.05 15417 15346 15272 15509 15613 15644 15719 15484 ‘cess
10:45:03PM US500 4624 Success
10:54:37PM DOW 35452 Success
11:03:23PM NASDAQ 15793
11:05:40PM JAPAN 28467 ‘cess

 

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:EME Empyrean** **LSE:EZJ EasyJet** **LSE:SBRY Sainsbury** **

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Updated charts published on : Avacta, Empyrean, EasyJet, Sainsbury,

LSE:AVCT Avacta Close Mid-Price: 108.5 Percentage Change: -4.82% Day High: 110 Day Low: 106

This is not encouraging as below 106 now suggests coming weakness to 90p n ……..

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

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LSE:EZJ EasyJet. Close Mid-Price: 504.6 Percentage Change: + 3.85% Day High: 506 Day Low: 483.9

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LSE:SBRY Sainsbury. Close Mid-Price: 273 Percentage Change: + 1.04% Day High: 273.2 Day Low: 269.9

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

Our Famed FTSE for Friday!

#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

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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

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

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

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

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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

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

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

Can Renault win Formula 1?

#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** **

********

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.

Rentokil Initial Plc is ‘interesting!’

#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** **

********

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

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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.

Has Rockhopper Exploration a 100% upside?

#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** **

********

Updated charts published on : AFC Energy, Applied Graphene, Aston Martin, Block Energy PLC, Centamin, Centrica, Capita, Darktrace Plc, 4D Pharma, Foxtons, Genel, Igas Energy, IQE, Intertek, Lloyds Grp., National Glib, Polymetal, Reabold Resources PLC, Rockhopper, Rolls Royce, Sainsbury,

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

If AFC Energy experiences continued weakness below 46, it will invariably ……..

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

Weakness on Applied Graphene below 23.5 will invariably lead to 20.75 nex ……..

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

Target met. If Aston Martin experiences continued weakness below 1231, it ……..

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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

If Block Energy PLC experiences continued weakness below 0.82, it will in ……..

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

Weakness on Centamin below 82.98 will invariably lead to 79 with secondar ……..

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

All Centrica needs are mid-price trades ABOVE 67.7 to improve acceleratio ……..

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

In the event Capita experiences weakness below 34.49 it calculates with a ……..

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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

If 4D Pharma experiences continued weakness below 56.2, it will invariabl ……..

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

Continued weakness against FOXT taking the price below 38.7 calculates as ……..

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

In the event Genel experiences weakness below 121 it calculates with a dr ……..

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

In the event Igas Energy experiences weakness below 13.1 it calculates wi ……..

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

If IQE experiences continued weakness below 32.4, it will invariably lead ……..

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

Further movement against Intertek ABOVE 5824 should improve acceleration ……..

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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

Target met. Weakness on Lloyds Grp. below 44.3 will invariably lead to 43 ……..

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

All National Glib needs are mid-price trades ABOVE 1053.4 to improve acce ……..

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

In the event Polymetal experiences weakness below 1289 it calculates with ……..

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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

In the event of Rockhopper enjoying further trades beyond 9p, the share s ……..

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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

If Rolls Royce experiences continued weakness below 116.38, it will invar ……..

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

Continued weakness against SBRY taking the price below 270.3 calculates a ……..

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

Can Natwest Group copy Formula 1?

#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** **

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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

Target met. In the event Aston Martin experiences weakness below 1290 it ……..

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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.