When will Cellular Goods ball come back into play?

#FTSE #CAC40 We previously reviewed Cellular Goods a couple of weeks ago, the share price taking just 4 sessions to reach our initial target 7p. But then, despite exceeding the 7p level with an early lunge to 8.4p, the price has studiously avoided our secondary of 9.1p. To be honest, we’re not terribly concerned, the company website continuing to show updates with launch dates given. In fairness, exceeding our 7p target and swelling to 8.4p is being regarded as a good thing, ideally a sign of the future.

After all, it’s rare for a price to simply keep moving in a single direction. If that were the case, the market would be no fun, would it?

For now, we suspect the number to watch is around 7.675p, this being the level the share price needs exceed currently to exceed the Blue downtrend on the chart. An event such as this apparently calculates with the potential of further movement to 8.65p next. Our ‘longer term’ secondary is debateable, thanks to an absurd logic we employ in-house. Essentially, if the recent surge to 8.4p was “simply” our 7p target being exceeded, we should now give 10.6p as a viable secondary. However, if the surge to 8.4p indicated the share lacking strength to reach 9.1p, then 9.1p must be regarded as the next target. The scenario is a bit of a head-scratcher but, in the absence of negative news flow, we remain optimistic.

 

As always, there’s another side of the coin. Presently trading around 6.9p, the share needs weaken below 5.8p to give pause for concern  This is not an enjoyable picture, introducing the threat of ongoing weakness to 4.8p and a new low.

Hey, chart goes here

 

Yet again, our thanks to those who find adverts on this page fascinating and informative. It buys the coffee

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:14:32PM BRENT 83.1 ‘cess
11:21:38PM GOLD 1760.43 Success
11:23:11PM FTSE 7128 7101 7092 7074 7132 7148 7167.5 7204 7101
11:25:07PM FRANCE 6546 6499 6488 6462 6567 6566 6579 6611 6540 ‘cess
11:26:57PM GERMANY 15142.88
11:29:05PM US500 4340
11:30:50PM DOW 34335.8
11:32:33PM NASDAQ 14618.6

 

12/10/2021 FTSE Closed at 7130 points. Change of -0.22%. Total value traded through LSE was: £ 5,733,075,032 a change of 19.23%
11/10/2021 FTSE Closed at 7146 points. Change of 0.72%. Total value traded through LSE was: £ 4,808,445,394 a change of -16.31%
9/10/2021 FTSE Closed at 7095 points. Change of 0%. Total value traded through LSE was: £ 5,745,415,827 a change of -6.11%
8/10/2021 FTSE Closed at 7095 points. Change of 0.24%. Total value traded through LSE was: £ 6,119,595,465 a change of 8.49%
7/10/2021 FTSE Closed at 7078 points. Change of 1.19%. Total value traded through LSE was: £ 5,640,729,699 a change of -17.12%
6/10/2021 FTSE Closed at 6995 points. Change of -1.16%. Total value traded through LSE was: £ 6,806,025,968 a change of 27.41%
5/10/2021 FTSE Closed at 7077 points. Change of 0.94%. Total value traded through LSE was: £ 5,341,866,967 a change of -12.71%

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

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

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

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

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

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

Click Epic to jump to share: LSE:ASC Asos** **LSE:AVCT Avacta** **LSE:CBX Cellular Goods** **LSE:EME Empyrean** **LSE:GLEN Glencore Xstra** **LSE:ITV ITV** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:VOD Vodafone** **LSE:VOG VICTORIA** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Asos, Avacta, Cellular Goods, Empyrean, Glencore Xstra, ITV, Spirax, Serco, Vodafone, VICTORIA, Zoo Digital,

LSE:ASC Asos Close Mid-Price: 2377 Percentage Change: -1.29% Day High: 2423 Day Low: 2266

Continued weakness against ASC taking the price below 2266 calculates as ……..

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LSE:AVCT Avacta Close Mid-Price: 107 Percentage Change: -3.60% Day High: 109.5 Day Low: 106

Below 95.3 now looks like a trigger level for danger, allowing weakness to ……..

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LSE:CBX Cellular Goods. Close Mid-Price: 6.88 Percentage Change: + 0.36% Day High: 6.88 Day Low: 6.69

If Cellular Goods experiences continued weakness below 6.69, it will inva ……..

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LSE:EME Empyrean. Close Mid-Price: 8.9 Percentage Change: + 3.49% Day High: 9.05 Day Low: 8.25

In the event of Empyrean enjoying further trades beyond 9.05, the share s ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 371 Percentage Change: + 1.09% Day High: 371.8 Day Low: 360.65

All Glencore Xstra needs are mid-price trades ABOVE 371.8 to improve acce ……..

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LSE:ITV ITV Close Mid-Price: 102.6 Percentage Change: -1.49% Day High: 103.9 Day Low: 102.6

Continued weakness against ITV taking the price below 102.6 calculates as ……..

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LSE:SPX Spirax. Close Mid-Price: 14525 Percentage Change: + 0.55% Day High: 14530 Day Low: 14170

Target met. Weakness on Spirax below 14170 will invariably lead to 13986 ……..

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LSE:SRP Serco Close Mid-Price: 124.5 Percentage Change: -1.43% Day High: 126.5 Day Low: 124.3

Target met. Continued weakness against SRP taking the price below 124.3 c ……..

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LSE:VOD Vodafone Close Mid-Price: 111.02 Percentage Change: -0.66% Day High: 111.14 Day Low: 110.1

Target met. Weakness on Vodafone below 110.1 will invariably lead to 108 ……..

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LSE:VOG VICTORIA. Close Mid-Price: 3.38 Percentage Change: + 3.53% Day High: 3.38 Day Low: 3.21

If VICTORIA experiences continued weakness below 3.21, it will invariably ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 115.5 Percentage Change: + 1.76% Day High: 115.5 Day Low: 111.25

In the event Zoo Digital experiences weakness below 111.25 it calculates ……..

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

Boohoo & Tui too…

#Gold #SP500 Unsurprisingly, both TUI & Boohoo featured in our email requests. Boohoo, despite online retailers achieving success, currently enjoy a share price just 50% below its high this year. While TUI, desperate to repay the German Govt loans and raising capital, celebrated tourist travel restarting, with a share price 45% below its high of 2021. Neither share presents a pretty picture for the future.

 

As aspect of Tui which is worth paying slight attention to is the little red circle on the chart. When the market opted to gap the share price down, there was a pretty strong suggestion the Red uptrend since the pandemic low of last year was still in charge. This is one of the first things we check, when price manipulation such as this occurs. It’s fairly useful if we’re given a clue as to where a trend actually is as it allows us to extrapolate potential movements. In the case of TUI, the implication is of weakness continuing below 268 threatening reversal to 229 with secondary, if broken, at a hopeful bottom of 211p. In plain English, our suggestion is of the share price still being capable of some relaxation but hopefully bottom shall not be too distant.

Their share needs ascend fairly steeply, needing above 358 to suggest happy days are ahead, this apparently capable of triggering a cycle to 419p. Above this level, we shall prefer ‘running the numbers’ again.

Hey, chart goes here

With Boohoo, we’d previously expressed dismay at the online retailer experiencing remarkable success in bucking an upward trend which other online companies have enjoyed. Their Lockdown period recovery started off well. And now, has fallen apart. We find ourselves in the ridiculous position of being forced to mention the lowest we can calculate is 65p. We cannot work out a number below such a dreadful level.

The immediate situation is troubling. When we previously reviewed Boohoo back in July, we proposed a scenario with reversal to 198p, hopeful this would present a “bottom” for the troubled share price. A few days ago, the price cheerfully ignored our calculations and simply kept nudging downward. Presently at 185p, we’re not optimistic for the future as below just 178p suggests ongoing weakness coming to an initial 141p. Normally we’d hope for a rebound at such a level, especially as it virtually matches the pandemic low of March 2020. However, should 141p break, bottom works out at 121p with recovery threatening to be a confused process.

For Boohoo to even regain the immediate downtrend, the share price requires exceed 265p to give hope. In doing so, we can calculate a cycle commencing to 393p eventually.

Hey, chart goes here

As ever, our thanks to those who buy us a coffee, every time an advert on this page proves interesting.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:29:36PM BRENT 83.35 ‘cess
9:33:30PM GOLD 1754.16 1750 1742 1729 1759 1761 1763.5 1768 1754
9:35:46PM FTSE 7110.14 Success
10:10:57PM FRANCE 6534 ‘cess
10:32:37PM GERMANY 15130 Success
10:34:36PM US500 4358 4352 4334 4307 4392 4387 4398 4413 4368 Success
10:37:19PM DOW 34493.4 Sorry
10:39:02PM NASDAQ 14701.47 ‘cess
10:41:10PM JAPAN 28456 ‘cess
11/10/2021 FTSE Closed at 7146 points. Change of 0.72%. Total value traded through LSE was: £ 4,808,445,394 a change of -16.31%
9/10/2021 FTSE Closed at 7095 points. Change of 0%. Total value traded through LSE was: £ 5,745,415,827 a change of -6.11%
8/10/2021 FTSE Closed at 7095 points. Change of 0.24%. Total value traded through LSE was: £ 6,119,595,465 a change of 8.49%
7/10/2021 FTSE Closed at 7078 points. Change of 1.19%. Total value traded through LSE was: £ 5,640,729,699 a change of -17.12%
6/10/2021 FTSE Closed at 6995 points. Change of -1.16%. Total value traded through LSE was: £ 6,806,025,968 a change of 27.41%
5/10/2021 FTSE Closed at 7077 points. Change of 0.94%. Total value traded through LSE was: £ 5,341,866,967 a change of -12.71%
4/10/2021 FTSE Closed at 7011 points. Change of -0.23%. Total value traded through LSE was: £ 6,119,595,465 a change of -4.22%

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

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

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

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

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

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

Click Epic to jump to share: LSE:ASC Asos** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BP. BP PLC** **LSE:CNA Centrica** **LSE:IGG IG Group** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:SDY Speedyhire** **LSE:SPX Spirax** **LSE:STAN Standard Chartered** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Asos, Barclays, BALFOUR BEATTY, BP PLC, Centrica, IG Group, National Glib, Natwest, Speedyhire, Spirax, Standard Chartered, Zoo Digital,

LSE:ASC Asos Close Mid-Price: 2408 Percentage Change: -13.41% Day High: 2649 Day Low: 2300

Target met. Weakness on Asos below 2300 will invariably lead to 2212 with ……..

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LSE:BARC Barclays. Close Mid-Price: 197.68 Percentage Change: + 1.29% Day High: 198.6 Day Low: 194.54

In the event of Barclays enjoying further trades beyond 198.6, the share ……..

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LSE:BBY BALFOUR BEATTY Close Mid-Price: 265.2 Percentage Change: -0.90% Day High: 274 Day Low: 263.8

Weakness on BALFOUR BEATTY below 263.8 will invariably lead to 258 with s ……..

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LSE:BP. BP PLC. Close Mid-Price: 360.3 Percentage Change: + 1.91% Day High: 361.5 Day Low: 354.95

Target met. In the event of BP PLC enjoying further trades beyond 361.5, ……..

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LSE:CNA Centrica. Close Mid-Price: 60.72 Percentage Change: + 1.20% Day High: 61 Day Low: 59.88

Further movement against Centrica ABOVE 61 should improve acceleration to ……..

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LSE:IGG IG Group. Close Mid-Price: 781.5 Percentage Change: + 0.58% Day High: 777.5 Day Low: 769.5

In the event IG Group experiences weakness below 769.5 it calculates with ……..

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LSE:NG. National Glib Close Mid-Price: 886.9 Percentage Change: -0.35% Day High: 891.7 Day Low: 881.1

Continued weakness against NG. taking the price below 881.1 calculates as ……..

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LSE:NWG Natwest. Close Mid-Price: 231 Percentage Change: + 2.12% Day High: 233.9 Day Low: 225

Target met. Further movement against Natwest ABOVE 233.9 should improve a ……..

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LSE:SDY Speedyhire Close Mid-Price: 62 Percentage Change: -0.48% Day High: 63 Day Low: 60.2

Continued weakness against SDY taking the price below 60.2 calculates as ……..

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LSE:SPX Spirax Close Mid-Price: 14445 Percentage Change: -0.38% Day High: 14470 Day Low: 14215

Target met. Continued weakness against SPX taking the price below 14215 c ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 491.7 Percentage Change: + 2.27% Day High: 498.1 Day Low: 478.7

Continued trades against STAN with a mid-price ABOVE 498.1 should improve ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 113.5 Percentage Change: -0.87% Day High: 114.5 Day Low: 113.5

Weakness on Zoo Digital below 113.5 will invariably lead to 95p If broken ……..

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

Cows with Hiccups & NatWest Group

#Brent #Dax Holes in Emmental cheese are caused by milking cows with hiccups! One of the funnier things about grandchildren is being able to deliver the occasional verbal bomb, utterly unaware when it will go off. Avoiding cliches like; ‘candlestick patterns are real’ or ‘you can rely on moving averages’ is an easy proposition, little girls are simply not interested. What I didn’t know until recently is their mum interrogates them subtly, on their return.

 

Apparently our daughter didn’t find it funny, the day she corrected a ski guide on how mogul fields form on a mountain. Her perfectly logical explanation of rocks deposited in a previous ice age not retaining heat from the sun, whereas warmer ancient volcanic rocks on the same mountainside ensured snow would cover the slope unevenly, creating the mounds of snow much loved by some skiers. I’d given her this explanation when she was around 12 years old and six years later, was able to deliver a ‘fact’ from her pool of incorrect knowledge.

Hopefully the Emmental cheese story survives as it conjures up delicious mental images. After all, a belief in candlestick patterns or moving averages remains a thing, despite a daily plethora of evidence to the contrary!

 

As for Natwest, when we reviewed the share three weeks ago, our criteria suggests above 217p should propel the price to 225p next. This thankfully proved correct but we’ve a slight concern regarding the initial surge to 225p. The first two sessions where this target was achieved (29 & 30th Sept), the share steadfastly refused to actually close at or above 225p, instead opting for 224.6p and 224.9p as the close on the day. In the period since, there has been a slight reversal and now, obviously, the share price has closed above 225p on several occasions. In addition, it’s now flaffing around at the price level prior to the pandemic drop in 2020, this being something we should regard as encouraging, if we use the model of other world markets as an indicator.

Unfortunately, the last week has seen the FTSE remaining remarkably resilient despite other world index’s retreating, making us wonder if some common ground shall be discovered as perhaps world markets heated up too fast, while the FTSE failed to make it out of the deep freeze.

 

For Natwest, the updated picture now suggests strength above 227.5p should next enter a cycle toward 233p next. With closure above 233p, it should prove difficult to avoid a path opening up to 250p sometime in the future. The share price needs CLOSE a session below 219p to scupper our optimism and, to cause outright panic, trade below 208p.

Hey, chart goes here

Our thanks to the nice folk who find adverts on this page worthy of checking out. 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
1:32:34PM BRENT 82.42 81.73 81.465 80.89 82.5 83.19 83.73 84.4 82.22 Success
1:36:04PM GOLD 1757 Success
2:14:37PM FTSE 7096.14
2:19:55PM FRANCE 6555
2:29:15PM GERMANY 15188 15177 15141 15098 15224 15258 15276 15309 15177 ‘cess
2:32:54PM US500 4391.77
2:36:16PM DOW 34744
2:46:52PM NASDAQ 14820 ‘cess
2:49:00PM JAPAN 28031
8/10/2021 FTSE Closed at 7095 points. Change of 0.24%. Total value traded through LSE was: £ 6,119,595,465 a change of 8.49%
7/10/2021 FTSE Closed at 7078 points. Change of 1.19%. Total value traded through LSE was: £ 5,640,729,699 a change of -17.12%
6/10/2021 FTSE Closed at 6995 points. Change of -1.16%. Total value traded through LSE was: £ 6,806,025,968 a change of 27.41%
5/10/2021 FTSE Closed at 7077 points. Change of 0.94%. Total value traded through LSE was: £ 5,341,866,967 a change of -12.71%
4/10/2021 FTSE Closed at 7011 points. Change of -0.23%. Total value traded through LSE was: £ 6,119,595,465 a change of -4.22%
1/10/2021 FTSE Closed at 7027 points. Change of -0.83%. Total value traded through LSE was: £ 6,388,941,462 a change of -10.36%

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:BARC Barclays** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CBX Cellular Goods** **LSE:CNA Centrica** **LSE:FOXT Foxtons** **LSE:IGG IG Group** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:TSCO Tesco** **LSE:VOD Vodafone** **

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Updated charts published on : Barclays, Bowleven, BP PLC, British Telecom, Cellular Goods, Centrica, Foxtons, IG Group, Serco, Standard Chartered, Tesco, Vodafone,

LSE:BARC Barclays. Close Mid-Price: 195.16 Percentage Change: + 0.73% Day High: 195.76 Day Low: 193.38

All Barclays needs are mid-price trades ABOVE 195.76 to improve accelerat ……..

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LSE:BLVN Bowleven. Close Mid-Price: 4.5 Percentage Change: + 5.88% Day High: 4.5 Day Low: 4.38

Continued trades against BLVN with a mid-price ABOVE 4.5 should improve t ……..

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LSE:BP. BP PLC. Close Mid-Price: 353.55 Percentage Change: + 2.54% Day High: 354.95 Day Low: 346.6

Continued trades against BP. with a mid-price ABOVE 354.95 should improve ……..

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LSE:BT.A British Telecom. Close Mid-Price: 146.35 Percentage Change: + 0.07% Day High: 146.6 Day Low: 143.65

Continued weakness against BT.A taking the price below 143.65 calculates ……..

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LSE:CBX Cellular Goods Close Mid-Price: 6.8 Percentage Change: -1.16% Day High: 6.95 Day Low: 6.75

Weakness on Cellular Goods below 6.75 will invariably lead to 6.4 next an ……..

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LSE:CNA Centrica. Close Mid-Price: 60 Percentage Change: + 1.94% Day High: 60.64 Day Low: 59

Continued trades against CNA with a mid-price ABOVE 60.64 should improve ……..

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LSE:FOXT Foxtons Close Mid-Price: 46.05 Percentage Change: -2.54% Day High: 47.15 Day Low: 45.5

If Foxtons experiences continued weakness below 45.5, it will invariably ……..

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LSE:IGG IG Group Close Mid-Price: 777 Percentage Change: -0.70% Day High: 791.5 Day Low: 772.5

Continued weakness against IGG taking the price below 772.5 calculates as ……..

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LSE:SRP Serco Close Mid-Price: 127.1 Percentage Change: -0.78% Day High: 128.6 Day Low: 126.8

Weakness on Serco below 126.8 will invariably lead to 124.5 with secondar ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 480.8 Percentage Change: + 1.86% Day High: 482.5 Day Low: 470.8

All Standard Chartered needs are mid-price trades ABOVE 482.5 to improve ……..

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LSE:TSCO Tesco. Close Mid-Price: 275.6 Percentage Change: + 0.90% Day High: 276.95 Day Low: 272.15

In the event of Tesco enjoying further trades beyond 276.95, the share sh ……..

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LSE:VOD Vodafone Close Mid-Price: 112.1 Percentage Change: -0.30% Day High: 113.04 Day Low: 111.38

If Vodafone experiences continued weakness below 111.38, it will invariab ……..

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

Gold, Bitcoin & Our Free Friday FTSE

#Gold #FTSE

Someone emailed an interesting question; There’s an ongoing effort attempting to make Bitcoin the ‘new Gold’ in terms of perceived value. For time immemorial, Gold has been the favoured place of safety for money. After all, no matter what, there’s still Gold. Suspecting this effort is doomed to failure, the question was simple. Can we identify the level at which ‘the last straw’ breaks for Bitcoin?

 

It’s a fairly understandable stance, one which makes more sense than our own dislike for crypto currency. We don’t like it, simply due to the haphazard nature of the crypto marketplace. From our perspective, too often we see movements which appear leveraged against traders.  The immediate situation for Bitcoin (presently trading around $54,600) using conventional arguments, suggests above US $55,800 should make an attempt at the 60,000 level next. If bettered, there’s a heck of a calculation which gives $70,600 as the potential for a new all time high.

What concerns us, should the trigger level be exceeded, is any path to glory is liable to be paved with a few corpses. Bitcoin, similar to other crypto markets, is perfectly capable of throwing fake movements at traders, these bizarre momentary drops intended to trigger sell orders, prior to a movement up. In fact, the other wizard wheeze of a brief high to trigger buy orders, then equally brief reversal to trigger stop loss levels, isn’t an unknown ploy in the crypto market place.

If we stop grinding our axe, we can perhaps answer the question. Where’s the level where Bitcoin risks becoming a lost cause?

 

Visually, anything now below 29,000 dollars would justify extreme levels of concern. This risks triggering reversal to an initial 23,700 with secondary, if (or when) broken, at a bottom around $4,700. To be fair, when we review recent movements, even below $40,000 will provide strong reasons for a very raised eyebrow.

Hey, chart goes here

Gold (COMEX:GC) As for Gold, something a bit odd happened a few sessions ago, a circled movement we’re inclined to suspect is providing early warning for coming trouble. The uptrend since March 2020 broke, the price quickly recovering above the trend as the market was clearly not in the mood for a sharp reversal. However, now below 1,727 dollars calculates as capable of reaching down to 1,695. If broken, our secondary works out with a hopeful bottom at $1,620. At present, Gold is feeling a little fragile.

Hey, chart goes here

The Friday FTSE (FTSE:UKX) It’s US ‘Non Farm Payrolls Day’ with an apparent expectation of a fall in jobless numbers around 235,000 people. It all kicks of at 13:30 and with the US markets presently treading on egg shells due to China Evergrande, Covid, energy prices, and a nuclear submarine collision in the South China Sea, things could go horribly wrong quite fast.

However, the UK market has been showing surprising strength, closing Thursday at 7083 points. It now need only exceed 7095 points and we should anticipate a climbing cycle to an initial 7145 points. If bettered, we can calculate a secondary at an impressive 7211 points. As always, beware any triggering movement which occurs in the opening seconds of trade. As it’s Payroll Friday, a curved ball should be expected.

Our converse scenario triggers if London manages below 7035 points. Reversal toward 7018 points looks possible with secondary, if broken, at a hopeful bottom of 6995 points.

Hey, chart goes here

Again, our thanks to the kind folk who effectively buy us a coffee, when they discover an advert on this page worth a visit.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:41:19PM BRENT 82.28 81.35 81.205 82.12 82.3 82.435 81.5 Success
9:43:18PM GOLD 1756.78 1750 1746 1763 1767 1772 1754
9:45:21PM FTSE 7085.82 7040 7018 7074 7095 7118 7042 ‘cess
9:47:30PM FRANCE 6586 6543 6533 6592 6616 6629 6574 ‘cess
9:54:30PM GERMANY 15222 15109 15041 15195 15245 15270 15135 Success
9:56:27PM US500 4400.62 4378 4362 4408 4419 4439.75 4385 Success
10:03:43PM DOW 34766 34506 34389 34695 34983 35028.5 34670 Success
10:05:32PM NASDAQ 14907 14871 14809.5 14965 15015 15057.75 14870 Success
10:07:46PM JAPAN 28046 27616 27525 27840 28137 28560.5 27855 ‘cess

 

7/10/2021 FTSE Closed at 7078 points. Change of 1.19%. Total value traded through LSE was: £ 5,640,729,699 a change of -17.12%
6/10/2021 FTSE Closed at 6995 points. Change of -1.16%. Total value traded through LSE was: £ 6,806,025,968 a change of 27.41%
5/10/2021 FTSE Closed at 7077 points. Change of 0.94%. Total value traded through LSE was: £ 5,341,866,967 a change of -12.71%
4/10/2021 FTSE Closed at 7011 points. Change of -0.23%. Total value traded through LSE was: £ 6,119,595,465 a change of -4.22%
1/10/2021 FTSE Closed at 7027 points. Change of -0.83%. Total value traded through LSE was: £ 6,388,941,462 a change of -10.36%
30/09/2021 FTSE Closed at 7086 points. Change of -0.31%. Total value traded through LSE was: £ 7,127,714,126 a change of 20.18%
29/09/2021 FTSE Closed at 7108 points. Change of 1.14%. Total value traded through LSE was: £ 5,930,956,235 a change of -17.13%

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:ASC Asos** **LSE:BLOE Block Energy PLC** **LSE:CBX Cellular Goods** **LSE:CNA Centrica** **LSE:HL. Hargreaves Lansdown** **LSE:RR. Rolls Royce** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:TSCO Tesco** **

********

Updated charts published on : AFC Energy, Asos, Block Energy PLC, Cellular Goods, Centrica, Hargreaves Lansdown, Rolls Royce, Serco, Standard Chartered, Tesco,

LSE:AFC AFC Energy Close Mid-Price: 43.8 Percentage Change: -0.45% Day High: 46.85 Day Low: 43.25

If AFC Energy experiences continued weakness below 43.25, it will invaria ……..

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LSE:ASC Asos Close Mid-Price: 2796 Percentage Change: -0.21% Day High: 2901 Day Low: 2691

If Asos experiences continued weakness below 2691, it will invariably lea ……..

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LSE:BLOE Block Energy PLC Close Mid-Price: 1.7 Percentage Change: -26.09% Day High: 1.95 Day Low: 1.55

Target met. Weakness on Block Energy PLC below 1.55 will invariably lead ……..

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LSE:CBX Cellular Goods Close Mid-Price: 6.88 Percentage Change: -1.01% Day High: 7.05 Day Low: 6.85

It’s easy to believe the market is simply playing games now with traders, ……..

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LSE:CNA Centrica. Close Mid-Price: 58.86 Percentage Change: + 2.22% Day High: 59.68 Day Low: 58.4

All Centrica needs are mid-price trades ABOVE 59.68 to improve accelerati ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 1399 Percentage Change: -1.13% Day High: 1428 Day Low: 1366.5

Target met. Weakness on Hargreaves Lansdown below 1366.5 will invariably ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 141.22 Percentage Change: + 0.51% Day High: 143.74 Day Low: 140.38

I’m now inclined to a different attitude against this. From a bigger pictu ……..

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LSE:SRP Serco Close Mid-Price: 128.1 Percentage Change: -1.99% Day High: 132.1 Day Low: 127.3

Target met. In the event Serco experiences weakness below 127.3 it calcul ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 472 Percentage Change: + 4.77% Day High: 475.2 Day Low: 454.8

Further movement against Standard Chartered ABOVE 475.2 should improve ac ……..

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LSE:TSCO Tesco. Close Mid-Price: 273.15 Percentage Change: + 1.90% Day High: 274.9 Day Low: 268.65

Further movement against Tesco ABOVE 274.9 should improve acceleration to ……..

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

Some gossip about Facebook

#DaxFutures #SP500 The social network never appears out of the headlines, usually for the wrong reasons. This week, a service outage tragically was repaired after a few hours. The company owner also featured in The Pandora Papers tax avoidance cache, there is a ‘whistleblower scandal’ and topping things off, UK staff are being given a three month deadline to reduce working from home. We avoid Facebook for none of these reasons, just disliking a service which tends be regarded as ‘always on’ by many devoted users who’re keen on protecting their illusory ‘friends circle’.

 

Rather more important than our distaste of the platform, gathering questions regarding the share price future are appearing in the financial media. Visually, there is certainly cause for concern and it appears a ‘final straw’ trigger level is making itself known. Below US $320 looks very capable of triggering reversal to an initial $291. As the chart below highlights, this will represent a lower low since the Red trend break. Such an event, therefore, takes the price into a region where below $291 looks like provoking further ongoing reversals to $220.

We can calculate below such a level for the longer term but such a target level effectively matches the share price highs, pre-pandemic. As a result, should such a frightening drop occur, there’s a strong argument favouring a bounce if this $220 target ever actually appears. We should be quite cynical about these potentials, thanks to the potential stop loss level of just $335. The markets are rarely quite as generous to traders!

If we chose to review a miracle gain scenario, above $335 calculates with a movement up to $367. If exceeded, our secondary works out at an eventual $377, along with probable hesitation.

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:23:12PM BRENT 80.69
9:32:46PM GOLD 1764 Shambles
9:35:09PM FTSE 7044 Success
9:36:52PM FRANCE 6537 ‘cess
9:38:55PM GERMANY 15073 14920 14875 14808 15010 15080 15119 15221 14981 Success
9:40:52PM US500 4367.87 4289 4272 4240 4330 4367 4383 4417 4317
9:42:50PM DOW 34456
9:44:46PM NASDAQ 14782 Success
9:47:05PM JAPAN 27681 Success

 

 

6/10/2021 FTSE Closed at 6995 points. Change of -1.16%. Total value traded through LSE was: £ 6,806,025,968 a change of 27.41%
5/10/2021 FTSE Closed at 7077 points. Change of 0.94%. Total value traded through LSE was: £ 5,341,866,967 a change of -12.71%
4/10/2021 FTSE Closed at 7011 points. Change of -0.23%. Total value traded through LSE was: £ 6,119,595,465 a change of -4.22%
1/10/2021 FTSE Closed at 7027 points. Change of -0.83%. Total value traded through LSE was: £ 6,388,941,462 a change of -10.36%
30/09/2021 FTSE Closed at 7086 points. Change of -0.31%. Total value traded through LSE was: £ 7,127,714,126 a change of 20.18%
29/09/2021 FTSE Closed at 7108 points. Change of 1.14%. Total value traded through LSE was: £ 5,930,956,235 a change of -17.13%
28/09/2021 FTSE Closed at 7028 points. Change of -0.5%. Total value traded through LSE was: £ 7,157,189,596 a change of 15.93%

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:ASC Asos** **LSE:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:EME Empyrean** **LSE:FOXT Foxtons** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:NWG Natwest** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:RMG Royal Mail** **LSE:SPX Spirax** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : AFC Energy, Applied Graphene, Aston Martin, Asos, Barrett Devs, British Telecom, Empyrean, Foxtons, Genel, Gulf Keystone, IG Group, ITM Power, Intertek, ITV, Natwest, Primary Health, Parkmead, Royal Mail, Spirax, Tesco, Taylor Wimpey, Zoo Digital,

LSE:AFC AFC Energy Close Mid-Price: 44 Percentage Change: -2.22% Day High: 46.75 Day Low: 43.45

In the event AFC Energy experiences weakness below 43.45 it calculates wi ……..

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LSE:AGM Applied Graphene Close Mid-Price: 24.3 Percentage Change: -6.54% Day High: 26 Day Low: 25

If Applied Graphene experiences continued weakness below 25, it will inva ……..

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LSE:AML Aston Martin Close Mid-Price: 1650.5 Percentage Change: -5.71% Day High: 1752 Day Low: 1645.5

Target met. Continued weakness against AML taking the price below 1645.5 ……..

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LSE:ASC Asos Close Mid-Price: 2802 Percentage Change: -2.54% Day High: 2862 Day Low: 2785

In the event Asos experiences weakness below 2785 it calculates with a dr ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 628.2 Percentage Change: -2.36% Day High: 636.6 Day Low: 618.8

Target met. In the event Barrett Devs experiences weakness below 618.8 it ……..

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LSE:BT.A British Telecom Close Mid-Price: 146.5 Percentage Change: -3.20% Day High: 150.4 Day Low: 145.75

Weakness on British Telecom below 145.75 will invariably lead to 142 with ……..

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LSE:EME Empyrean. Close Mid-Price: 7.85 Percentage Change: + 6.80% Day High: 8.6 Day Low: 7.35

All Empyrean needs are mid-price trades ABOVE 8.6 to improve acceleration ……..

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LSE:FOXT Foxtons Close Mid-Price: 47.85 Percentage Change: -1.03% Day High: 48.65 Day Low: 46.75

In the event Foxtons experiences weakness below 46.75 it calculates with ……..

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LSE:GENL Genel Close Mid-Price: 146.8 Percentage Change: -4.55% Day High: 158.2 Day Low: 145.8

In the event of Genel enjoying further trades beyond 158.2, the share sho ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 208.5 Percentage Change: -1.88% Day High: 217 Day Low: 208

Further movement against Gulf Keystone ABOVE 217 should improve accelerat ……..

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LSE:IGG IG Group Close Mid-Price: 780 Percentage Change: -2.13% Day High: 795.5 Day Low: 774

If IG Group experiences continued weakness below 774, it will invariably ……..

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LSE:ITM ITM Power Close Mid-Price: 371.6 Percentage Change: -3.73% Day High: 391.6 Day Low: 356.2

Target met. Weakness on ITM Power below 356.2 will invariably lead to 336 ……..

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LSE:ITRK Intertek Close Mid-Price: 4775 Percentage Change: -0.35% Day High: 4794 Day Low: 4724

Weakness on Intertek below 4724 will invariably lead to 4698 with seconda ……..

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LSE:ITV ITV Close Mid-Price: 103.95 Percentage Change: -1.98% Day High: 106 Day Low: 103.5

In the event ITV experiences weakness below 103.5 it calculates with a dr ……..

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LSE:NWG Natwest Close Mid-Price: 228.1 Percentage Change: -0.74% Day High: 230.1 Day Low: 227.6

Continued trades against NWG with a mid-price ABOVE 230.1 should improve ……..

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LSE:PHP Primary Health Close Mid-Price: 151.3 Percentage Change: -0.79% Day High: 152 Day Low: 149.5

If Primary Health experiences continued weakness below 149.5, it will inv ……..

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LSE:PMG Parkmead Close Mid-Price: 60.1 Percentage Change: -1.31% Day High: 64.4 Day Low: 59.2

Target met. In the event of Parkmead enjoying further trades beyond 64.4, ……..

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LSE:RMG Royal Mail Close Mid-Price: 404.1 Percentage Change: -2.51% Day High: 413.2 Day Low: 404

In the event Royal Mail experiences weakness below 404 it calculates with ……..

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LSE:SPX Spirax Close Mid-Price: 14625 Percentage Change: -1.12% Day High: 14690 Day Low: 14405

If Spirax experiences continued weakness below 14405, it will invariably ……..

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LSE:TSCO Tesco. Close Mid-Price: 268.05 Percentage Change: + 5.95% Day High: 272.5 Day Low: 259.9

Target met. Continued trades against TSCO with a mid-price ABOVE 272.5 sh ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 148 Percentage Change: -3.33% Day High: 152.3 Day Low: 146.85

Weakness on Taylor Wimpey below 146.85 will invariably lead to 121 with s ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 114.5 Percentage Change: -2.14% Day High: 117 Day Low: 114.5

Continued weakness against ZOO taking the price below 114.5 calculates as ……..

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

Cornish Metals and Zinnwald Lithium & harry potter…

#BrentFutures #Japan Guilty secrets come in all forms. A personal one was the Harry Potter audio book series, magnificently read by Jim Dale (of Carry On fame!), capable of making time in hospital less tedious. When a client emailed us about Zinnwald Lithium, it struck a chord as surely there was a character with a similar surname in the books.

There wasn’t very similar… It was Grindlewald, mentioned briefly in the final book of the series but the focus of the latest attempt to milk the franchise, “Fantastic Beasts”.

However, the other part of the company name, “Lithium”, still attracted our interest. As someone living in the country, an occasional garden bonfire is needed. Few things spice a bonfire up better than the effect of a completely forgotten lithium battery, when dumping the office bin contents to assist the hedge cuttings igniting. This, recent experience, was rather more than just a little battery from a mobile phone. Instead, it was an 18 volt device which proved, quite energetically, why the warning label about careful disposal exists. Once the thick white smoke dissipated, the garden debris was burning happily but greater care shall be taken in future to avoid such a toxic event. Lithium batteries can be quite exciting.

Perhaps the client who emailed regarding these two companies obviously has an interest in Lithium, hopefully for a saner reason than our own. Even Cornish Metals, a company we reported on in July, also claim interest in the Lithium field. With the availability of battery powered everything nowadays, Lithium, as a key component currently for rechargeable devices, appears to be a buzz word in the mining industry.

Surprisingly, the visuals for Zinnwald don’t live up to our hopes. Presently trading around the 17p mark, the price need only slip below 16.5p to risk provoking reversal to 14.7p next. If broken, our ‘longer term or the next day’ secondary comes with a fairly nasty attachment. While 13.6p may sound fairly innocuous, there’s the potential of real trouble should such a level break as “bottom” calculates down at 8.6p eventually.

 

If looking for hope, the share needs trade above Blue on the chart, presently around 20p. This should prove capable of a cycle toward 26p with secondary, a longer term new all time high potential at 30p. Before becoming too excited, the visuals imply almost certain hesitation around 22.5p, if things start to recover.

Hey, chart goes here

Cornish Metals When we analysed Cornish Metals back in July, we’d lots of hope, none of which came to fruition. In the period since, the highest the share has achieved was 15.5p which, given our trigger of 15.2p, was utterly rubbish. About the only saving grace has been the period since. The share eventually triggered our drop level of 13p which had calculated with a drop potential of 9.75p. Instead, the share price opted to bounce just above 10p, perhaps implying some strength is evident?

Presently trading around 13p, the price needs above 14.25 and we shall regard it as growing, potentially toward an initial 15.7p. Our secondary, if bettered, works out at 17.3p with a visual implication, should this level be bettered, for really happy times ahead for the share price. In such a scenario, we will revisit our calculations.

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:24:18PM BRENT 82 80.52 79.825 79.08 81.3 82.06 82.15 82.4 81.5 Exact !
9:26:11PM GOLD 1759.99
9:31:52PM FTSE 7073.99 ‘cess
9:35:08PM FRANCE 6561 Success
9:41:07PM GERMANY 15173
9:47:40PM US500 4344 Success
9:50:47PM DOW 34338.7 Success
9:52:57PM NASDAQ 14665 Success
9:55:18PM JAPAN 28166 27440 27312 26991 27870 28269 28394 28712 27999

 

5/10/2021 FTSE Closed at 7077 points. Change of 0.94%. Total value traded through LSE was: £ 5,341,866,967 a change of -12.71%
4/10/2021 FTSE Closed at 7011 points. Change of -0.23%. Total value traded through LSE was: £ 6,119,595,465 a change of -4.22%
1/10/2021 FTSE Closed at 7027 points. Change of -0.83%. Total value traded through LSE was: £ 6,388,941,462 a change of -10.36%
30/09/2021 FTSE Closed at 7086 points. Change of -0.31%. Total value traded through LSE was: £ 7,127,714,126 a change of 20.18%
29/09/2021 FTSE Closed at 7108 points. Change of 1.14%. Total value traded through LSE was: £ 5,930,956,235 a change of -17.13%
28/09/2021 FTSE Closed at 7028 points. Change of -0.5%. Total value traded through LSE was: £ 7,157,189,596 a change of 15.93%
27/09/2021 FTSE Closed at 7063 points. Change of 0.17%. Total value traded through LSE was: £ 6,173,668,955 a change of 22.77%

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:BARC Barclays** **LSE:BP. BP PLC** **LSE:CAR Carclo** **LSE:CNA Centrica** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:NWG Natwest** **LSE:PMG Parkmead** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : AFC Energy, Aston Martin, Asos, Barclays, BP PLC, Carclo, Centrica, Genel, Gulf Keystone, Glencore Xstra, IG Group, ITM Power, Natwest, Parkmead, Zoo Digital,

LSE:AFC AFC Energy Close Mid-Price: 45 Percentage Change: -9.55% Day High: 51 Day Low: 44.5

Target met. Continued weakness against AFC taking the price below 44.5 ca ……..

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LSE:AML Aston Martin Close Mid-Price: 1750.5 Percentage Change: -1.85% Day High: 1802.5 Day Low: 1733

Target met. Weakness on Aston Martin below 1733 will invariably lead to 1 ……..

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LSE:ASC Asos Close Mid-Price: 2875 Percentage Change: -2.38% Day High: 3005 Day Low: 2865

Continued weakness against ASC taking the price below 2865 calculates as ……..

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LSE:BARC Barclays. Close Mid-Price: 194.6 Percentage Change: + 3.91% Day High: 194.94 Day Low: 187.24

Target met. Further movement against Barclays ABOVE 194.94 should improve ……..

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LSE:BP. BP PLC. Close Mid-Price: 350.65 Percentage Change: + 1.80% Day High: 352.6 Day Low: 343.35

Target met. All BP PLC needs are mid-price trades ABOVE 352.6 to improve ……..

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LSE:CAR Carclo. Close Mid-Price: 30.3 Percentage Change: + 0.00% Day High: 31 Day Low: 28.9

If Carclo experiences continued weakness below 28.9, it will invariably l ……..

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LSE:CNA Centrica. Close Mid-Price: 58.76 Percentage Change: + 0.72% Day High: 59.22 Day Low: 58.34

Target met. In the event of Centrica enjoying further trades beyond 59.22 ……..

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LSE:GENL Genel. Close Mid-Price: 153.8 Percentage Change: + 3.22% Day High: 155 Day Low: 145.2

Target met. Further movement against Genel ABOVE 155 should improve accel ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 212.5 Percentage Change: + 3.66% Day High: 215 Day Low: 204.5

Target met. All Gulf Keystone needs are mid-price trades ABOVE 215 to imp ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 367.6 Percentage Change: + 3.55% Day High: 369.05 Day Low: 356.75

Target met. Further movement against Glencore Xstra ABOVE 369.05 should i ……..

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LSE:IGG IG Group Close Mid-Price: 797 Percentage Change: -1.06% Day High: 808 Day Low: 793

Weakness on IG Group below 793 will invariably lead to 767 with secondary ……..

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LSE:ITM ITM Power Close Mid-Price: 386 Percentage Change: -1.73% Day High: 398.6 Day Low: 380.4

Continued weakness against ITM taking the price below 380.4 calculates as ……..

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LSE:NWG Natwest. Close Mid-Price: 229.8 Percentage Change: + 3.05% Day High: 229.9 Day Low: 224.4

Target met. All Natwest needs are mid-price trades ABOVE 229.9 to improve ……..

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LSE:PMG Parkmead. Close Mid-Price: 60.9 Percentage Change: + 4.10% Day High: 62 Day Low: 59.8

Continued trades against PMG with a mid-price ABOVE 62 should improve the ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 117 Percentage Change: -1.27% Day High: 118.5 Day Low: 117

If Zoo Digital experiences continued weakness below 117, it will invariab ……..

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

Tullow Oil, The Path to 125p!

#Gold #Nasdaq

With Brent Crude hitting the $81 level, once again a bunch of folk were anticipating major oil shares to do something special. Once again, major oil shares tended not respond. It’s worth remembering when Brent Crude attempted the $130 level, BP shares dithered below the 5 quid level. The concept of a link between the price of crude and oil company shares appears illusory, mostly.

If we choose to look at Tullow, during 2013 the price of Brent Crude was pretty stable around the $120 mark. Tullow, alas, was trading initially at 1200p and now, with Brent at $81, Tullow ‘enjoy’ a share price down at just 52p. As the chart below illustrates, the last decade has not been kind to Tullow but, in fairness, there are early signs something may be changing for the better.

Hey, chart goes here

The immediate situation seems pretty straightforward with movement above 52.6 hinting at the prospect of some growth toward an initial 56.7p. While conceding this target is about as interesting as a Scottish weather forecast (always rain, obviously…) the secondary ambition gives some hope for the longer term as it’s at 68.7p. The effect of the secondary, despite any hesitation which shall probably occur should it appear, is the price will illustrate a “higher high”. This could prove quite a big deal, bettered the high prior to the break of the Blue downtrend. This has the potential for some Big Picture impetus to make itself known, calculating with a long term cycle commencing to an eventual 125p as a serious point of interest eventually.

Unfortunately, such a movement will be of little solace to the folk who convinced themselves, during the 4 years until the end of 2019, that Tullow “obviously” had a floor level around 200p, something which could be relied upon. The lesson learned was painful, essentially confirming the maxim of “If it ain’t goin’ up, it’s goin’ down…”

For the present, Tullow needs slip below 39p to cause panic. In such a scenario, we can calculate a bottom of 22p. Unfortunately, that’s also the point where we run out of numbers as every result is tainted with a minus sign thereafter.

Hey, chart goes here

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FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:54:01PM BRENT 80.72 Success
9:55:55PM GOLD 1769.39 1747 1741 1731 1763 1771 1775 1779 1761 Shambles
10:17:57PM FTSE 7036.29
10:20:53PM FRANCE 6493.8 ‘cess
10:23:13PM GERMANY 15084.97 ‘cess
10:25:51PM US500 4304 Success
10:29:50PM DOW 34016.5 ‘cess
10:33:49PM NASDAQ 14497 14380 14247 14218 14509 14506 14540.5 14594 14405 ‘cess
10:37:12PM JAPAN 27853 Success

 

4/10/2021 FTSE Closed at 7011 points. Change of -0.23%. Total value traded through LSE was: £ 6,119,595,465 a change of -4.22%
1/10/2021 FTSE Closed at 7027 points. Change of -0.83%. Total value traded through LSE was: £ 6,388,941,462 a change of -10.36%
30/09/2021 FTSE Closed at 7086 points. Change of -0.31%. Total value traded through LSE was: £ 7,127,714,126 a change of 20.18%
29/09/2021 FTSE Closed at 7108 points. Change of 1.14%. Total value traded through LSE was: £ 5,930,956,235 a change of -17.13%
28/09/2021 FTSE Closed at 7028 points. Change of -0.5%. Total value traded through LSE was: £ 7,157,189,596 a change of 15.93%
27/09/2021 FTSE Closed at 7063 points. Change of 0.17%. Total value traded through LSE was: £ 6,173,668,955 a change of 22.77%
24/09/2021 FTSE Closed at 7051 points. Change of -0.38%. Total value traded through LSE was: £ 5,028,502,526 a change of -6.23%

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:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CBX Cellular Goods** **LSE:CNA Centrica** **LSE:GLEN Glencore Xstra** **LSE:IAG British Airways** **LSE:ITRK Intertek** **LSE:RMG Royal Mail** **LSE:SPX Spirax** **LSE:SRP Serco** **

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Updated charts published on : AFC Energy, Aston Martin, BP PLC, British Telecom, Cellular Goods, Centrica, Glencore Xstra, British Airways, Intertek, Royal Mail, Spirax, Serco,

LSE:AFC AFC Energy Close Mid-Price: 49.75 Percentage Change: -5.24% Day High: 52.5 Day Low: 48.75

Weakness on AFC Energy below 48.75 will invariably lead to 46 with second ……..

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View Previous AFC Energy & Big Picture ***

LSE:AML Aston Martin Close Mid-Price: 1783.5 Percentage Change: -2.51% Day High: 1841 Day Low: 1784.5

Target met. If Aston Martin experiences continued weakness below 1784.5, ……..

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View Previous Aston Martin & Big Picture ***

LSE:BP. BP PLC. Close Mid-Price: 344.45 Percentage Change: + 1.92% Day High: 347.75 Day Low: 337.3

Further movement against BP PLC ABOVE 347.75 should improve acceleration ……..

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View Previous BP PLC & Big Picture ***

LSE:BT.A British Telecom Close Mid-Price: 151.45 Percentage Change: -4.66% Day High: 153 Day Low: 146.35

Target met. If British Telecom experiences continued weakness below 146.3 ……..

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View Previous British Telecom & Big Picture ***

LSE:CBX Cellular Goods. Close Mid-Price: 7.9 Percentage Change: + 12.86% Day High: 8.38 Day Low: 7.3

In the event of Cellular Goods enjoying further trades beyond 8.4, the sh ……..

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View Previous Cellular Goods & Big Picture ***

LSE:CNA Centrica. Close Mid-Price: 58.34 Percentage Change: + 1.07% Day High: 58.56 Day Low: 57.56

Target met. Further movement against Centrica ABOVE 58.56 should improve ……..

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View Previous Centrica & Big Picture ***

LSE:GLEN Glencore Xstra. Close Mid-Price: 355 Percentage Change: + 1.23% Day High: 360.65 Day Low: 349.8

Continued trades against GLEN with a mid-price ABOVE 360.65 should improv ……..

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View Previous Glencore Xstra & Big Picture ***

LSE:IAG British Airways Close Mid-Price: 187.9 Percentage Change: -0.06% Day High: 193.7 Day Low: 186.74

Target met. All British Airways needs are mid-price trades ABOVE 193.7 t ……..

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LSE:ITRK Intertek Close Mid-Price: 4795 Percentage Change: -1.48% Day High: 4903 Day Low: 4796

Target met. If Intertek experiences continued weakness below 4796, it wil ……..

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View Previous Intertek & Big Picture ***

LSE:RMG Royal Mail Close Mid-Price: 407 Percentage Change: -2.30% Day High: 416.3 Day Low: 407.1

If Royal Mail experiences continued weakness below 407.1, it will invaria ……..

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View Previous Royal Mail & Big Picture ***

LSE:SPX Spirax Close Mid-Price: 14575 Percentage Change: -1.29% Day High: 14865 Day Low: 14530

Target met. In the event Spirax experiences weakness below 14530 it calcu ……..

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View Previous Spirax & Big Picture ***

LSE:SRP Serco Close Mid-Price: 130.6 Percentage Change: -1.36% Day High: 133.1 Day Low: 130

If Serco experiences continued weakness below 130, it will invariably lea ……..

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View Previous Serco & Big Picture ***

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