Metro Bank Plc and childrens craft week!

#FTSE #WallSt There’s something about Metro Bank  we find attractive, perhaps the lack of corporate baggage held by other retail banks. It’s refreshing, when the first retail High St bank in over 100 years describe their outlets as “Stores” or “Shops” in a real attempt to soften perception away from the intimidating facade once propagated in Mary Poppins and Harry Potter. However, other High St banks have long tried to alter public perception, if only with lower counters in their branches.

But Metro Bank remain the dog friendly chain of outlets and more recently, appear to be experimenting with hosting childrens craft weeks in a few of their stores. If only the company hadn’t experienced their little whoopsie with an accounting error back in 2019, causing their share price to drop 39% in a single day. This event has overseen a period of rot for the company share price, diminishing from 2200p to a low of 58p toward the end of last year. In 2018, the bank share price had peaked at just over £40!

Such has been the level of drama, we cannot display a meaningful 5 year chart as scaling forces price movements since the start of the pandemic to appear as a virtually flat line.

 

However, there are early signs something is brewing in the recovery aisle for this retail shop and we’d suggest paying attention, should the price manage above 112p. At time of writing, the share is trading around 100p, so perhaps this isn’t such a distant trigger level. Above 112p calculates as capable of driving price recovery toward an initial 126p with secondary, if bettered, working out at a longer term 142p. At this secondary level, the all important signal for the longer term shall arrive depending on where the price manages to close a session.

In the event the share manages to actually close above 140p, some quite surprising longer term expectations become available as we can project future movement to 215p, along with a possible glass ceiling. This is due to such a calculation also challenging the share price pre-Covid high last year and other shares, when reaching this level, are tending to pause for thought for a while, prior to any further movements northward.

For alarm bells to ring, the share needs below 88p as this risks a very real threat of matching last years lows.

Currently, we’re a little bit optimistic over this lots potentials.

Trends and Targets. Past performance is not a reliable indicator of future results

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As always, a big thanks to those who find useful adverts on this page.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:51:10PM BRENT 70.61
9:52:54PM GOLD 1728.85
9:56:10PM FTSE 7178.88 7113 7093.5 7065 7148 7180 7229 7273 7114 Success
9:58:10PM FRANCE 6834
10:00:59PM GERMANY 15789 Shambles
10:04:02PM US500 4436.72 Success
10:06:32PM DOW 35265
10:08:58PM NASDAQ 15060 ‘cess
10:11:08PM JAPAN 27987 27792 27709 27571 27900 28008 28057.5 28145 27925 Success

 

10/08/2021 FTSE Closed at 7151 points. Change of 0.27%. Total value traded through LSE was: £ 5,561,861,537 a change of 12.31%
9/08/2021 FTSE Closed at 7132 points. Change of 0.14%. Total value traded through LSE was: £ 4,952,268,424 a change of -14.01%
6/08/2021 FTSE Closed at 7122 points. Change of 0.03%. Total value traded through LSE was: £ 5,759,335,075 a change of 3.28%
5/08/2021 FTSE Closed at 7120 points. Change of -0.04%. Total value traded through LSE was: £ 5,576,456,686 a change of -7.06%
4/08/2021 FTSE Closed at 7123 points. Change of 0.25%. Total value traded through LSE was: £ 6,000,336,002 a change of 33.33%
3/08/2021 FTSE Closed at 7105 points. Change of 0.34%. Total value traded through LSE was: £ 4,500,441,860 a change of 3.51%
2/08/2021 FTSE Closed at 7081 points. Change of 0.7%. Total value traded through LSE was: £ 4,347,850,496 a change of -16.5%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AV. Aviva** **LSE:CPI Capita** **LSE:EMG MAN** **LSE:FGP Firstgroup** **LSE:MRW Morrisons** **LSE:NG. National Glib** **LSE:ODX Omega Diags** **LSE:POLY Polymetal** **LSE:QFI Quadrise** **LSE:SBRY Sainsbury** **LSE:VEC Vectura** **LSE:VOG VICTORIA** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Aviva, Capita, MAN, Firstgroup, Morrisons, National Glib, Omega Diags, Polymetal, Quadrise, Sainsbury, Vectura, VICTORIA, Zoo Digital,

LSE:AV. Aviva. Close Mid-Price: 403 Percentage Change: + 0.67% Day High: 403.6 Day Low: 396.8

In the event of Aviva enjoying further trades beyond 403.6, the share sho ……..

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LSE:CPI Capita. Close Mid-Price: 45.9 Percentage Change: + 6.74% Day High: 46.27 Day Low: 42.6

Continued trades against CPI with a mid-price ABOVE 46.27 should improve ……..

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LSE:EMG MAN. Close Mid-Price: 214.3 Percentage Change: + 2.39% Day High: 215.6 Day Low: 209.5

Target met. Continued trades against EMG with a mid-price ABOVE 215.6 sho ……..

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LSE:FGP Firstgroup. Close Mid-Price: 91.6 Percentage Change: + 0.33% Day High: 92.3 Day Low: 89.7

Further movement against Firstgroup ABOVE 92.3 should improve acceleratio ……..

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LSE:MRW Morrisons. Close Mid-Price: 281.3 Percentage Change: + 0.90% Day High: 283.3 Day Low: 280.1

In the event of Morrisons enjoying further trades beyond 283.3, the share ……..

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LSE:NG. National Glib. Close Mid-Price: 951.5 Percentage Change: + 0.68% Day High: 952 Day Low: 943

Continued trades against NG. with a mid-price ABOVE 952 should improve th ……..

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LSE:ODX Omega Diags Close Mid-Price: 48 Percentage Change: -1.03% Day High: 49 Day Low: 31.5

Target met. If Omega Diags experiences continued weakness below 31.5, it ……..

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LSE:POLY Polymetal Close Mid-Price: 1467.5 Percentage Change: -1.01% Day High: 1499 Day Low: 1462.5

Target met. Weakness on Polymetal below 1462.5 will invariably lead to 14 ……..

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LSE:QFI Quadrise. Close Mid-Price: 3.35 Percentage Change: + 9.84% Day High: 3.35 Day Low: 3

It’s interesting to note a near term move above 3.35 points at 3.75, along ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 293.9 Percentage Change: + 1.07% Day High: 294 Day Low: 290

All Sainsbury needs are mid-price trades ABOVE 294 to improve acceleratio ……..

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LSE:VEC Vectura Close Mid-Price: 163.4 Percentage Change: -5.55% Day High: 175 Day Low: 173

In the event of Vectura enjoying further trades beyond 175, the share sho ……..

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LSE:VOG VICTORIA Close Mid-Price: 3.6 Percentage Change: -6.49% Day High: 3.94 Day Low: 3.47

Continued weakness against VOG taking the price below 3.47 calculates as ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 149 Percentage Change: -0.67% Day High: 152.5 Day Low: 149

Target met. Further movement against Zoo Digital ABOVE 152.5 should impro ……..

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

QuantumScape Corp & Their Game Changing battery

#Gold #WallSt If the claims are anything to go by, there’s something different going on with this maker of lithium batteries, especially as they threaten to turn the electric vehicle market on its head. Their first headline; “Charging to 80% of capacity in under 15 minutes!” should suffice to get peoples attention but when browsing the plethora of information and claims, the company could easily become a disruptive influence to the entire battery market.

With VW already on board and claims of a sufficient funds to take their product to market, we really should not be surprised at receiving a bunch of emails asking us to cast an eye over the share price. The new battery is described as ‘Solid State’, fast charging, long lasting, non-combustible (quite a big deal) and capable of holding double the power of current premium lithium-ion batteries. It all sounds quite exciting which begs the question, why is a share which traded at $132 after its launch now languishing at just $24 US.

Obviously, there’s an often distasteful trajectory followed by share prices, following a launch and we’re inclined to view QuantumScape as no different from many, many, others. In fact, we’re a little surprised the share price has not yet enacted the critical second surge, the one which, if the price exceeds the post-launch high of US $132 will suggest the sky is the limit. This turn of phrase is liable to prove justified, if the claims of the new battery translate to real life. The current nonsense, promising flying taxi services in exotic locations, tends fall apart, due to battery power and life. However, if this companies product lives up to the blurb in their press releases, things could become quite interesting throughout all aspects of the electric vehicle market.

 

Of course, there is ointment and there is a fly.

 

The online tech magazine, “WIRED”, took a deeper review of the company claims and frankly, their article gushed praise on the product. Then opted to mention an important caveat.

All the test results were produced from individual lithium cells, rather than complete batteries. An actual battery will comprise of around 100 lithium cells, creating a battery the size of a cigarette packet. An electric vehicle will typically require several hundred on these finished batteries. At the time of WIRED’s article, the company had not yet tested a fully built battery. The company boss says, confidently, “It’s not a question of whether this will work or not. It’s just a question of engineering.”

The WIRED article finishes, mentioning a couple of companies which previous raised huge sums, promising game changing batteries. They crashed, when their performance failed to match expectations.

 

However, on the basis all this smoke must be fueled by fire, perhaps this shall indeed be an opportunity to get involved at the ground floor level for a new product. Perhaps some research shall be justified.

 

Near term, presently trading at $24, the price needs exceed $27.7 to suggest imminent share movement to an initial $33. If exceeded, our secondary works out at $41.25. In the grand scheme of things, neither ambition is particularly interesting but, should our secondary be exceeded, things are liable to improve quite fast.  There is the potential of a heck of a jump toward $108, a level at which we’d anticipate some hesitation.

The share price needs below $15.8 to provoke real concern, thanks to our drop target being prefaced by a minus sign!

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
10:59:06PM BRENT 69.1 Success
11:01:46PM GOLD 1730.04 1718 1708 1693 1740 1742 1759 1770 1726 Success
11:04:06PM FTSE 7140.59 Shambles
11:05:54PM FRANCE 6821
11:08:09PM GERMANY 15771.88 Success
11:10:13PM US500 4435.07 4421 4415.5 4408 4436 4438 4442 4450 4424
11:12:06PM DOW 35124
11:13:55PM NASDAQ 15138.19
11:15:54PM JAPAN 27933 Success

 

9/08/2021 FTSE Closed at 7132 points. Change of 0.14%. Total value traded through LSE was: £ 4,952,268,424 a change of -14.01%
6/08/2021 FTSE Closed at 7122 points. Change of 0.03%. Total value traded through LSE was: £ 5,759,335,075 a change of 3.28%
5/08/2021 FTSE Closed at 7120 points. Change of -0.04%. Total value traded through LSE was: £ 5,576,456,686 a change of -7.06%
4/08/2021 FTSE Closed at 7123 points. Change of 0.25%. Total value traded through LSE was: £ 6,000,336,002 a change of 33.33%
3/08/2021 FTSE Closed at 7105 points. Change of 0.34%. Total value traded through LSE was: £ 4,500,441,860 a change of 3.51%
2/08/2021 FTSE Closed at 7081 points. Change of 0.7%. Total value traded through LSE was: £ 4,347,850,496 a change of -16.5%
30/07/2021 FTSE Closed at 7032 points. Change of -0.65%. Total value traded through LSE was: £ 5,206,905,420 a change of -14.32%

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:AV. Aviva** **LSE:BARC Barclays** **LSE:CEY Centamin** **LSE:CPI Capita** **LSE:DDDD 4D Pharma** **LSE:FGP Firstgroup** **LSE:HL. Hargreaves Lansdown** **LSE:IGAS Igas Energy** **LSE:MRW Morrisons** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:OXIG Oxford Instruments** **LSE:POG Petrop etc** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:RMG Royal Mail** **LSE:SRP Serco** **LSE:VEC Vectura** **LSE:VOG VICTORIA** **

********

Updated charts published on : Aviva, Barclays, Centamin, Capita, 4D Pharma, Firstgroup, Hargreaves Lansdown, Igas Energy, Morrisons, National Glib, Natwest, Oxford Instruments, Petrop etc, Polymetal, President Energy, Royal Mail, Serco, Vectura, VICTORIA,

LSE:AV. Aviva. Close Mid-Price: 400.3 Percentage Change: + 0.30% Day High: 401.5 Day Low: 396.9

Continued trades against AV. with a mid-price ABOVE 401.5 should improve ……..

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LSE:BARC Barclays. Close Mid-Price: 184.38 Percentage Change: + 0.94% Day High: 184.82 Day Low: 182.16

Further movement against Barclays ABOVE 184.82 should improve acceleratio ……..

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LSE:CEY Centamin Close Mid-Price: 97.66 Percentage Change: -3.69% Day High: 101.3 Day Low: 97.94

Weakness on Centamin below 97.94 will invariably lead to 90p but importan ……..

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LSE:CPI Capita. Close Mid-Price: 43 Percentage Change: + 7.34% Day High: 43.4 Day Low: 39.11

All Capita needs are mid-price trades ABOVE 43.4 to improve acceleration ……..

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LSE:DDDD 4D Pharma. Close Mid-Price: 82.6 Percentage Change: + 0.98% Day High: 83.2 Day Low: 80.2

Target met. Weakness on 4D Pharma below 80.2 will invariably lead to 78 w ……..

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LSE:FGP Firstgroup. Close Mid-Price: 91.3 Percentage Change: + 1.39% Day High: 91.6 Day Low: 89.2

All Firstgroup needs are mid-price trades ABOVE 91.6 to improve accelerat ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 1454.5 Percentage Change: -11.34% Day High: 1541.5 Day Low: 1431

Target met. In the event Hargreaves Lansdown experiences weakness below 1 ……..

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LSE:IGAS Igas Energy Close Mid-Price: 15.5 Percentage Change: -4.02% Day High: 15.05 Day Low: 15.05

If Igas Energy experiences continued weakness below 15.05, it will invari ……..

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LSE:MRW Morrisons. Close Mid-Price: 278.8 Percentage Change: + 0.00% Day High: 281.9 Day Low: 278

Continued trades against MRW with a mid-price ABOVE 281.9 should improve ……..

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LSE:NG. National Glib. Close Mid-Price: 945.1 Percentage Change: + 0.39% Day High: 948.3 Day Low: 940

Further movement against National Glib ABOVE 948.3 should improve acceler ……..

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LSE:NWG Natwest. Close Mid-Price: 217 Percentage Change: + 0.60% Day High: 217.6 Day Low: 213.9

All Natwest needs are mid-price trades ABOVE 217.6 to improve acceleratio ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2485 Percentage Change: -2.55% Day High: 2620 Day Low: 2525

All Oxford Instruments needs are mid-price trades ABOVE 2620 to improve a ……..

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LSE:POG Petrop etc Close Mid-Price: 19.82 Percentage Change: -3.22% Day High: 20.5 Day Low: 19.75

Target met. Weakness on Petrop etc below 19.75 will invariably lead to 18 ……..

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LSE:POLY Polymetal Close Mid-Price: 1482.5 Percentage Change: -1.95% Day High: 1510 Day Low: 1482.5

In the event Polymetal experiences weakness below 1482.5 it calculates wi ……..

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LSE:PPC President Energy Close Mid-Price: 1.75 Percentage Change: -5.41% Day High: 1.85 Day Low: 1.66

Target met. Weakness on President Energy below 1.66 will invariably lead ……..

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LSE:RMG Royal Mail Close Mid-Price: 493 Percentage Change: -1.04% Day High: 499.7 Day Low: 488.4

Weakness on Royal Mail below 488.4 will invariably lead to 486 with secon ……..

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LSE:SRP Serco Close Mid-Price: 139 Percentage Change: -0.29% Day High: 139.6 Day Low: 136.4

Continued weakness against SRP taking the price below 136.4 calculates as ……..

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LSE:VEC Vectura. Close Mid-Price: 173 Percentage Change: + 5.49% Day High: 173.2 Day Low: 167.4

Target met. All Vectura needs are mid-price trades ABOVE 173.2 to improve ……..

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LSE:VOG VICTORIA. Close Mid-Price: 3.85 Percentage Change: + 2.67% Day High: 3.75 Day Low: 3.5

Target met. If VICTORIA experiences continued weakness below 3.5, it will ……..

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

Will Natwest suffer more success!

#Brent #SP500 When we last reviewed #Natwest three weeks ago, we made a point of showing how important it can be to study a shares closing price, in addition to viewing a screen full of pretty candles. Amazingly, for a UK retail bank, everything started to make sense within days, a target was met, and yet another potential candle catastrophe is upon us.

Firstly, the chart extracts below. The Red uptrend since September 2020 was broken in June, the trend break level being at 206.9p. We’d made a point, should the share price manage to close above the level of trend break, we could no longer regard the Red uptrend as being viable. On August 3rd, Natwest share price closed the session at 207.4p, suggesting the historical break of the uptrend was no longer valid and instead, price growth was expected. Our initial target of 215p was successfully achieved in Friday 6th August.

Hey, chart goes here

However, staying with our lesson on managing candles – and when to turn them off – it’s very possible something more important occurred on Friday, given the point at which Natwest share price closed the session. Shown below, there’s a long term Blue downtrend and with the share price closing at 215.7p, the day was quite solidly above the historical downtrend, ticking a pretty important box which is the first sign of optimism for the future. The share now needs close a session below 213.6p to give cause for concern.

Hey, chart goes here

Finally, even from a near term viewpoint, reasonable levels of hope appear posssible. Above 216p now calculates with the potential of gains in the direction of an initial 226p with secondary, if exceeded, working out at a very possible 251p. In fact, from a Big Picture perspective, thanks to the share closing a session above the Blue downtrend, we can now regard a long term 324p as allegedly exerting a distant influence.

If it all intends go horribly wrong, the share price needs close a session below 193p, thus threatening a reversal cycle commencing down to 167p eventually.

Hey, chart goes here

As ever, thanks to those folk who find adverts on this page worth a visit. It buys an essential daily coffee & bun.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
8:24:59PM BRENT 70.25 70.13 69.465 68.52 71.4 71.81 72.385 73.3 70.88 Success
9:23:37PM GOLD 1764.41 Success
9:25:44PM FTSE 7126.72
9:30:21PM FRANCE 6825 Success
9:32:51PM GERMANY 15780 Success
9:35:09PM US500 4436 4423 4416 4408 4431 4440 4448.5 4474 4423 ‘cess
9:37:51PM DOW 35206 Success
9:39:41PM NASDAQ 15106
9:41:37PM JAPAN 27890 Success

 

6/08/2021 FTSE Closed at 7122 points. Change of 0.03%. Total value traded through LSE was: £ 5,759,335,075 a change of 3.28%
5/08/2021 FTSE Closed at 7120 points. Change of -0.04%. Total value traded through LSE was: £ 5,576,456,686 a change of -7.06%
4/08/2021 FTSE Closed at 7123 points. Change of 0.25%. Total value traded through LSE was: £ 6,000,336,002 a change of 33.33%
3/08/2021 FTSE Closed at 7105 points. Change of 0.34%. Total value traded through LSE was: £ 4,500,441,860 a change of 3.51%
2/08/2021 FTSE Closed at 7081 points. Change of 0.7%. Total value traded through LSE was: £ 4,347,850,496 a change of -16.5%
30/07/2021 FTSE Closed at 7032 points. Change of -0.65%. Total value traded through LSE was: £ 5,206,905,420 a change of -14.32%
29/07/2021 FTSE Closed at 7078 points. Change of 0.88%. Total value traded through LSE was: £ 6,077,251,516 a change of 24.02%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AV. Aviva** **LSE:BARC Barclays** **LSE:CASP Caspian** **LSE:FGP Firstgroup** **LSE:MRW Morrisons** **LSE:NWG Natwest** **LSE:OXIG Oxford Instruments** **LSE:RR. Rolls Royce** **LSE:VEC Vectura** **

********

Updated charts published on : Aviva, Barclays, Caspian, Firstgroup, Morrisons, Natwest, Oxford Instruments, Rolls Royce, Vectura,

LSE:AV. Aviva. Close Mid-Price: 399.1 Percentage Change: + 1.94% Day High: 400.9 Day Low: 389.6

Further movement against Aviva ABOVE 400.9 should improve acceleration to ……..

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LSE:BARC Barclays. Close Mid-Price: 182.66 Percentage Change: + 1.64% Day High: 183.4 Day Low: 178.94

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LSE:CASP Caspian. Close Mid-Price: 3 Percentage Change: + 5.26% Day High: 3.15 Day Low: 2.9

Further movement against Caspian ABOVE 3.15 should improve acceleration t ……..

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LSE:FGP Firstgroup. Close Mid-Price: 90.05 Percentage Change: + 1.35% Day High: 90.65 Day Low: 88.35

In the event of Firstgroup enjoying further trades beyond 90.65 should im ……..

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LSE:MRW Morrisons. Close Mid-Price: 278.8 Percentage Change: + 2.50% Day High: 279.6 Day Low: 269.5

All Morrisons needs are mid-price trades ABOVE 279.6 to improve accelerat ……..

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LSE:NWG Natwest. Close Mid-Price: 215.7 Percentage Change: + 2.23% Day High: 215.7 Day Low: 209.7

Target met. In the event of Natwest enjoying further trades beyond 215.7, ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2550 Percentage Change: -0.97% Day High: 2600 Day Low: 2520

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LSE:RR. Rolls Royce. Close Mid-Price: 112.42 Percentage Change: + 1.57% Day High: 112.8 Day Low: 109.42

Continued trades against RR. with a mid-price ABOVE 112.8 should improve ……..

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LSE:VEC Vectura. Close Mid-Price: 164 Percentage Change: + 6.49% Day High: 164.8 Day Low: 153.4

Target met. Further movement against Vectura ABOVE 164.8 should improve a ……..

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

Our FTSE for Friday. And Ogri !

#FreeFutures #FTSE Absolutely nothing to do with the markets; anyone who’s ever read ‘Bike’ magazine will doubtless notice a 50th Anniversary edition in newsagents. For years, the first component read of “Bike” was the Ogri cartoon on the back page. This “Anniversary***” edition completely omits any mention of their best bit! Traditionally, we always enjoy a moan at the start of August, thanks to the markets taking a mental holiday in addition to a literal one. This year feels a little different, the FTSE proving well behaved with a trading range, so far this month, of just 80 points.

Some days, there would be a burst of sudden excitement, a mood which quickly waned with the realisation a movement of just 5 points can look pretty major on a chart, when the market had spent a few hours exploring a 10 point range. A five point jump or drop obviously paints a vivid 50% picture until you zoom out to view the entire day. The now familiar reality of nothing actually happening once again hits home… Sometimes, we suspect the markets do this, just to lull folk into a sense of false security, perhaps encouraging us all to turn our backs and miss some real excitement?

 

We’re pretty comfortable something interesting is due with the FTSE. The only problem is, will the market take all of August to make the movement or shall it occur when a fit of boredom has driven us all outdoors to count the wheels on the car! Perhaps it shall be the case the US Payrolls Numbers, due on Friday 6th August, will be sufficient to force an irrational movement from the FTSE, making it essential we watch Bloomberg or CNN at 1.30pm.

Regardless, the immediate situation is pretty straightforward. Above just 7143 points should harbour ambitions of a visit to 7198 points. If bettered, we’d hope for a visit to 7235 points which will represent a new “high” for the index, following the market being trashed at the start of 2020. If triggered, the tightest stop is suspiciously attractive at just 7100 points.

 

What are the threats, if 7100 points breaks?

Initially, we suspect reversal to a pretty tame 7077 points with secondary, if broken, our secondary is at 7055. This represents a level we’d suspect a bounce, doubtless due to the FTSE intending remain within its soporific journey through the month.

Hey, chart goes here

Yet again, we’ve published a ‘trends’ chart for the FTSE below, dealing with the curious period since October last year. The market displays lots of uptrends which proved false when, despite the uptrend being broken, the index goes on to exceed the point of trend break, proving the uptrend wasn’t actually a trend. It is truly amazing to be able to paint 8 lines, anchored to a single point. Traditionally, when a trend line fails, there’s a reasonable expectation for coming reversals but in this instance, the converse appears true. If the market is failing to fall despite lots of trend failures, we can only embrace an assumption growth is coming. Just, goodness knows when!

Hey, chart goes here

***Needless to say, the only reason this edition was bought was curiosity, just to see if Ogri would again appear. Alas, £5 was wasted.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:02:59PM BRENT 71.09 69.63 69.07 70.93 71.36 71.57 70.3
10:06:44PM GOLD 1804.54 1803 1801 1810 1814 1819.5 1808 ‘cess
10:17:11PM FTSE 7122.76 7094 7085 7127 7131 7148 7104 Shambles
10:19:13PM FRANCE 6775.5 6748 6739 6782 6787 6797 6766 ‘cess
10:21:03PM GERMANY 15751 15658 15642 15728 15756 15761 15735 Success
10:24:16PM US500 4429.82 4400 4394 4414 4430 4434 4408 ‘cess
10:30:05PM DOW 35048 34804 34739 34900 35060 35121 34947 Success
10:31:53PM NASDAQ 15180.59 15082 15034 15130 15184 15214.25 15115 Success
10:35:13PM JAPAN 27849 27760 27733 27828 27868 27883 27760 Success

 

 

 

5/08/2021 FTSE Closed at 7120 points. Change of -0.04%. Total value traded through LSE was: £ 5,576,456,686 a change of -7.06%
4/08/2021 FTSE Closed at 7123 points. Change of 0.25%. Total value traded through LSE was: £ 6,000,336,002 a change of 33.33%
3/08/2021 FTSE Closed at 7105 points. Change of 0.34%. Total value traded through LSE was: £ 4,500,441,860 a change of 3.51%
2/08/2021 FTSE Closed at 7081 points. Change of 0.7%. Total value traded through LSE was: £ 4,347,850,496 a change of -16.5%
30/07/2021 FTSE Closed at 7032 points. Change of -0.65%. Total value traded through LSE was: £ 5,206,905,420 a change of -14.32%
29/07/2021 FTSE Closed at 7078 points. Change of 0.88%. Total value traded through LSE was: £ 6,077,251,516 a change of 24.02%
28/07/2021 FTSE Closed at 7016 points. Change of 0.29%. Total value traded through LSE was: £ 4,900,403,964 a change of 0.43%

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:DDDD 4D Pharma** **LSE:ECO ECO (Atlantic) O & G** **LSE:EMG MAN** **LSE:GLEN Glencore Xstra** **LSE:IGAS Igas Energy** **LSE:ITM ITM Power** **LSE:NWG Natwest** **LSE:RMG Royal Mail** **LSE:RR. Rolls Royce** **LSE:SPX Spirax** **LSE:SRP Serco** **

********

Updated charts published on : Avacta, 4D Pharma, ECO (Atlantic) O & G, MAN, Glencore Xstra, Igas Energy, ITM Power, Natwest, Royal Mail, Rolls Royce, Serco,

LSE:AVCT Avacta. Close Mid-Price: 128 Percentage Change: + 0.00% Day High: 131.5 Day Low: 126

Now below 121 looks troubling, presenting an initial reversal target of 11 ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 82.3 Percentage Change: -2.49% Day High: 88.4 Day Low: 81.7

If 4D Pharma experiences continued weakness below 81.7, it will invariabl ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 28 Percentage Change: + 9.80% Day High: 30.75 Day Low: 25.75

Continued trades against ECO with a mid-price ABOVE 30.75 should improve ……..

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LSE:EMG MAN Close Mid-Price: 209.4 Percentage Change: -0.38% Day High: 211.5 Day Low: 207.1

Target met. Further movement against MAN ABOVE 211.5 should improve accel ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 324 Percentage Change: -1.61% Day High: 334 Day Low: 319.55

Target met. In the event of Glencore Xstra enjoying further trades beyond ……..

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LSE:IGAS Igas Energy Close Mid-Price: 15.75 Percentage Change: -3.67% Day High: 15.9 Day Low: 15.9

Continued weakness against IGAS taking the price below 15.9 calculates as ……..

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LSE:ITM ITM Power Close Mid-Price: 380.4 Percentage Change: -4.80% Day High: 397.2 Day Low: 373.6

In the event ITM Power experiences weakness below 373.6 it calculates wit ……..

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LSE:NWG Natwest. Close Mid-Price: 211 Percentage Change: + 0.29% Day High: 211.5 Day Low: 205.7

Target met. Further movement against Natwest ABOVE 211.5 should improve a ……..

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LSE:RMG Royal Mail Close Mid-Price: 499.8 Percentage Change: -0.75% Day High: 506.2 Day Low: 492.6

In the event Royal Mail experiences weakness below 492.6 it calculates wi ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 110.68 Percentage Change: + 5.87% Day High: 110.1 Day Low: 104

Target met. All Rolls Royce needs are mid-price trades ABOVE ^111 to impr ……..

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LSE:SPX Spirax. Close Mid-Price: 15410 Percentage Change: + 0.52% Day High: 15555 Day Low: 15330

Continued trades against SPX with a mid-price ABOVE 15520 should improve t ……..

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LSE:SRP Serco. Close Mid-Price: 140.9 Percentage Change: + 0.21% Day High: 146.1 Day Low: 138.7

Continued trades against SRP with a mid-price ABOVE 146.1 should improve ……..

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

Will British American Tobacco Plc reach 690p??

#France_CAC40 #WallSt There are some companies we’re almost supposed to dislike. Budget airlines loom high on such a list, UK retail banks coming a close second, obviously estate agents with a stock market listing, and also, BT Group reserving a special place in hell. This series of irrational dislikes proves not entirely irrational, due to any cynical attitude coming across in our reports being fueled by personal experience with each corporate.

Despite plenty of personal experience with tobacco, saying goodbye many years ago failed to inspire any negative thoughts relating to the industry. No-one forced me to try a cigarette from the 5 Packet of Embassy Tipped my cousin had somehow procured. The entire exercise ended in disaster soon after, when the cousin proved it was possible to drown a lit cigarette in a can of petrol. The flaw in his thinking came, when the can ignited and he kicked it away. Unfortunately, we were hiding in his fathers garage at the time to enjoy our first smoke, a wooden building full of gardening equipment, a motor mower, and the inevitable cans of oil and grease.

We safely exited the building and ran for it, almost reaching my own house before the noise of a fire engine intruded the peaceful afternoon.

Many years later, the cousin was getting married and I started to reminisce about the event. Despite now being in his mid-40’s, he panicked in case his 80 year old father heard our conversation. Apparently this fire was recorded in history as spontaneous, probably due to the hot weather. Thankfully, by the time of this wedding, neither of us still smoked but neither of us would be inclined to blame the tobacco company for anything. Smoking was once allowed, almost expected.

 

Now any possible anti-tobacco caveats are exposed, British American Tobacco share price is looking a bit problematic. As the chart below highlights, it suffered the inevitable Covid drop in 2020, a reversal which matched a prior drop a year earlier. In the period since, the share price has proven less than interesting and it’s creating as dangerous a picture as 2 small boys with a petrol can and matches.

In the event the price moves below 2670p, we shall be inclined to view it as heading down to 2554p with secondary, if broken, at 2337p. This secondary creates a major issue for us, taking the share price below its most recent historical dips, creating a “lower low” with an ongoing threat for continued downward travel. We can calculate quite a terrifying series of drop potentials but the bottom line, should 2337p break, is the share shall be regarded as existing in a cycle where our “ultimate bottom” calculation works out at an eventual 692p. We cannot calculate below such a level.

 

However, just because the share hasn’t recovered since the Covid-19 low doesn’t mean it can’t. Who knows, some bright spark may invent a vaccine which is baked into the fabric of a cigarette, thanks to a spurious theory that a respiratory virus needs a respiratory cure. Or perhaps, with cannabis being legalised for medicinal purposes next month, somehow the tobacco companies shall jump on the bandwagon. At present, BATS needs trade above 2850p to suggest coming recovery to an initial 3091p with a longer term secondary, if exceeded, working out at 3434p. Despite this secondary ambition making perfect visual sense, we shall need revisit the share should such a target level be achieved.

Hey, chart goes here

As always, thanks to those who find adverts 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
10:03:56PM BRENT 70.01 ‘cess
10:06:06PM GOLD 1812.2 Success
10:08:07PM FTSE 7111
10:10:02PM FRANCE 6738 6729 6721 6706 6755 6766 6776 6792 6740 ‘cess
10:12:29PM GERMANY 15682 Success
10:14:22PM US500 4404.2
10:17:04PM DOW 34829 34791 34702.5 34566 34893 34914 34958 35015 34808
10:19:23PM NASDAQ 15093 ‘cess
10:21:39PM JAPAN 27514

 

4/08/2021 FTSE Closed at 7123 points. Change of 0.25%. Total value traded through LSE was: £ 6,000,336,002 a change of 33.33%
3/08/2021 FTSE Closed at 7105 points. Change of 0.34%. Total value traded through LSE was: £ 4,500,441,860 a change of 3.51%
2/08/2021 FTSE Closed at 7081 points. Change of 0.7%. Total value traded through LSE was: £ 4,347,850,496 a change of -16.5%
30/07/2021 FTSE Closed at 7032 points. Change of -0.65%. Total value traded through LSE was: £ 5,206,905,420 a change of -14.32%
29/07/2021 FTSE Closed at 7078 points. Change of 0.88%. Total value traded through LSE was: £ 6,077,251,516 a change of 24.02%
28/07/2021 FTSE Closed at 7016 points. Change of 0.29%. Total value traded through LSE was: £ 4,900,403,964 a change of 0.43%
27/07/2021 FTSE Closed at 6996 points. Change of -0.41%. Total value traded through LSE was: £ 4,879,437,530 a change of 9.03%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AGM Applied Graphene** **LSE:BARC Barclays** **LSE:EXPN Experian** **LSE:GENL Genel** **LSE:HIK Hikma** **LSE:IGG IG Group** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:RR. Rolls Royce** **LSE:SPX Spirax** **

********

Updated charts published on : Applied Graphene, Barclays, Experian, Genel, Hikma, IG Group, Oxford Instruments, Primary Health, Polymetal, President Energy, Rolls Royce, Spirax,

LSE:AGM Applied Graphene. Close Mid-Price: 31 Percentage Change: + 4.73% Day High: 31.5 Day Low: 29.8

Further movement against Applied Graphene ABOVE 31.5 should improve accel ……..

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LSE:BARC Barclays. Close Mid-Price: 178.84 Percentage Change: + 1.41% Day High: 179.2 Day Low: 176.48

In the event of Barclays enjoying further trades beyond 179.2, the share ……..

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LSE:EXPN Experian. Close Mid-Price: 3251 Percentage Change: + 1.18% Day High: 3263 Day Low: 3206

Continued trades against EXPN with a mid-price ABOVE 3263 should improve ……..

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LSE:GENL Genel Close Mid-Price: 136 Percentage Change: -2.44% Day High: 138.6 Day Low: 132.4

In the event Genel experiences weakness below 132.4 it calculates with a ……..

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LSE:HIK Hikma Close Mid-Price: 2655 Percentage Change: -1.30% Day High: 2695 Day Low: 2638

In the event of Hikma enjoying further trades beyond 2695, the share shou ……..

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LSE:IGG IG Group. Close Mid-Price: 918 Percentage Change: + 1.38% Day High: 917.5 Day Low: 893

All IG Group needs are mid-price trades ABOVE 917.5 to improve accelerati ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 0 Percentage Change: + 3.43% Day High: 2560 Day Low: 2410

Target met. Continued trades against OXIG with a mid-price ABOVE 2560 sho ……..

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LSE:PHP Primary Health. Close Mid-Price: 166.8 Percentage Change: + 1.46% Day High: 167.3 Day Low: 164.3

Target met. All Primary Health needs are mid-price trades ABOVE 167.3 to ……..

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LSE:POLY Polymetal. Close Mid-Price: 1565.5 Percentage Change: + 0.32% Day High: 1586.5 Day Low: 1559.5

Continued trades against POLY with a mid-price ABOVE 1586.5 should improv ……..

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LSE:PPC President Energy Close Mid-Price: 1.88 Percentage Change: -7.41% Day High: 2.08 Day Low: 1.82

If President Energy experiences continued weakness below 1.82, it will in ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 104.54 Percentage Change: + 1.36% Day High: 105.34 Day Low: 103.32

In the event of Rolls Royce enjoying further trades beyond 105.34, the sh ……..

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LSE:SPX Spirax. Close Mid-Price: 15330 Percentage Change: + 0.62% Day High: 15520 Day Low: 15235

Target met. Continued trades against SPX with a mid-price ABOVE 15520 sho ……..

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

Royal Dutch Shell or Caramilk chocolate?

#FTSE #Nasdaq Similar to the new (and rather tasty) chocolate bar, Caramilk, little things can give considerable promise. Royal Dutch Shell share price has experienced a tiny little nudge upward, the chart inset showing the share has closed above Blue on the chart, literally gapped up by the price of a bar of chocolate! Apparently we should now present an optimistic report for the future based on confectionary!.

Given BP’s share price performance this week, it’s difficult not to experience some optimism for the future of RDS. However, it must be remembered the share is nowhere near recovering above the share level, pre-pandemic, instead spending this year hovering around the 1500p level. But given the price has finally opted to close above the immediate downtrend, we can hopefully extrapolate a future which eases the pain for long suffering investors.

Above 1490p calculates with the potential of fairly near term traffic in the direction of 1613p. Such an ambition is liable to prove important, taking the price above all the highs since the Covid-19 drop was enacted in 2020 and thus, priming the pump for future growth. Above 1613 allows a secondary target of 1733, this being extremely significant as it intrudes into Big Picture territory where a longer term influence at 2017p is shown, rather neatly matching the share price level before the world fell apart and almost certainly capable of providing a future glass ceiling.

For now, our outlook on Royal Dutch Shell is based on the price of a bar of chocolate (as recommended by our local petrol station), hopefully facing a similarly sweet future. Who knew what would happen, when Cadbury mated a Dairy Milk with a Caramac bar?

Hey, chart goes here

As always, our very real thanks for those folk who effectively “buy us a coffee” by showing their interest on adverts on this page.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:33:51PM BRENT 72.15 Shambles
10:36:29PM GOLD 1810.65
10:38:21PM FTSE 7116.02 7062 7039 7010 7097 7126 7144.5 7176 7076 ‘cess
10:40:32PM FRANCE 6738.9 Success
10:43:26PM GERMANY 15572 Shambles
10:45:50PM US500 4417.22 Success
10:48:22PM DOW 35082.6 ‘cess
10:51:53PM NASDAQ 15052.47 14860 14847 14774 14950 15063 15095.5 15174 14990 Shambles
10:58:52PM JAPAN 27607 ‘cess

 

 

3/08/2021 FTSE Closed at 7105 points. Change of 0.34%. Total value traded through LSE was: £ 4,500,441,860 a change of 3.51%
2/08/2021 FTSE Closed at 7081 points. Change of 0.7%. Total value traded through LSE was: £ 4,347,850,496 a change of -16.5%
30/07/2021 FTSE Closed at 7032 points. Change of -0.65%. Total value traded through LSE was: £ 5,206,905,420 a change of -14.32%
29/07/2021 FTSE Closed at 7078 points. Change of 0.88%. Total value traded through LSE was: £ 6,077,251,516 a change of 24.02%
28/07/2021 FTSE Closed at 7016 points. Change of 0.29%. Total value traded through LSE was: £ 4,900,403,964 a change of 0.43%
27/07/2021 FTSE Closed at 6996 points. Change of -0.41%. Total value traded through LSE was: £ 4,879,437,530 a change of 9.03%
26/07/2021 FTSE Closed at 7025 points. Change of -0.03%. Total value traded through LSE was: £ 4,475,417,848 a change of 19.69%

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:BLOE Block Energy PLC** **LSE:FRES Fresnillo** **LSE:NWG Natwest** **LSE:SBRY Sainsbury** **LSE:SPX Spirax** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Block Energy PLC, Fresnillo, Natwest, Sainsbury, Spirax, Zoo Digital,

LSE:BLOE Block Energy PLC. Close Mid-Price: 2.75 Percentage Change: + 3.77% Day High: 3 Day Low: 2.6

Target met. Further movement against Block Energy PLC ABOVE 3 should impr ……..

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LSE:FRES Fresnillo. Close Mid-Price: 838.4 Percentage Change: + 1.90% Day High: 849 Day Low: 819

All Fresnillo needs are mid-price trades ABOVE 849 to improve acceleratio ……..

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LSE:NWG Natwest. Close Mid-Price: 207.4 Percentage Change: + 1.42% Day High: 209.9 Day Low: 205.3

Continued trades against NWG with a mid-price ABOVE 209.9 should improve ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 292 Percentage Change: + 2.38% Day High: 293.5 Day Low: 285.3

Target met. In the event of Sainsbury enjoying further trades beyond 293. ……..

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LSE:SPX Spirax. Close Mid-Price: 15235 Percentage Change: + 0.26% Day High: 15270 Day Low: 15050

Target met. All Spirax needs are mid-price trades ABOVE 15270 to improve ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 148.5 Percentage Change: + 0.00% Day High: 150.5 Day Low: 148.5

Continued trades against ZOO with a mid-price ABOVE 150.5 should improve ……..

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

Diageo Plc doing nicely currently

#Gold #WallSt August always presents various reasons to dislike the markets. The obvious one, it’s holiday time when volumes dip and the markets lose ‘buzz’. Also, if not on holiday, who actually prefers being stuck in doors watching monitors, when it’s a nice day outside. Another, less clear, is from Scotland. It can be difficult typing with severely swollen fingers, thanks to a cocktail of midge bites and horsefly bites. Perhaps staying in doors would be wiser!

A visit to A&E at midnight on a Friday is never fun and with a throat swollen to horror movie dimensions, the start of an extremely unpleasant weekend was ahead. Due to 8 weeks of frankly astounding weather here on Scotland’s West Coast, everything which can eat you is enjoying a fabulous breeding season. Particular stars this year are Horsefly (aka Cleggs), A&E seeing a distressing number of folk suffering bites which, in previous years, were completely un-noticed. It’s something to do with the weather, apparently.

As someone now taking 2,000mg of antibiotics a day, along with industrial strength antihistamine pills, morning and night, the idea of wandering outside ‘taking advantage’ of the sunshine has become abhorrent. Long sleeved shirts are the order of the day, gloves worn, a fine midge hood worn, and if no-one is looking, trousers also tucked into socks. Sitting at the monitors, watching the markets, is no longer such a bad idea while counting the hours until the Scottish weather does what it does best, suddenly cooling down and the wind picking up.

 

As we sit indoors, watching everyone enjoy sitting outdoors, it makes sense to wonder how drinks giant, Diageo, are looking as it has been an age since we reviewed their share price. While the company will certainly have suffered from loss of trade during lockdown, apparently retail sales of alcohol flourished during the worst of the pandemic, doubtless creating a swings and roundabouts scenario for purveyors of necessary home medicine for those missing visiting their local. Such has been the pattern of share price movements since the share soared above its pre-pandemic levels in April, we’re emboldened to present a future movement scenario.

Above 3,629p suggests the potential of coming growth toward an initial 3,743p with secondary, if bettered, at a longer term 3,961p. If the share price follows the pattern of similar shares in North America, we’d expect some volatility at this secondary level, potentially forcing reversal in the future toward 3,609p and ideally, another bounce.

Near term, for things to go horribly wrong, the price needs relax below 3,400p as this threatens reversal to an initial 3,229p. Below such a point, we’d prefer give the dry Martini another stir as the implications for reversal become as unpleasant as the weather here in Argyll. Quite honestly, we never thought we’d reminisce fondly of the year we were stuck in a mountain road snow drift, during August!

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
9:27:20PM BRENT 73.02 Success
9:29:35PM GOLD 1813 1811 1805 1796 1819 1819 1823 1829 1811 ‘cess
9:31:24PM FTSE 7064.06 Success
9:35:58PM FRANCE 6658 Success
9:38:31PM GERMANY 15532 ‘cess
9:48:37PM US500 4391.42 ‘cess
9:56:34PM DOW 34878 34806 34761.5 34618 34968 34992 35054 35137 34902 Shambles
9:58:30PM NASDAQ 14972 ‘cess
10:00:51PM JAPAN 27567 Success
2/08/2021 FTSE Closed at 7081 points. Change of 0.7%. Total value traded through LSE was: £ 4,347,850,496 a change of -16.5%
30/07/2021 FTSE Closed at 7032 points. Change of -0.65%. Total value traded through LSE was: £ 5,206,905,420 a change of -14.32%
29/07/2021 FTSE Closed at 7078 points. Change of 0.88%. Total value traded through LSE was: £ 6,077,251,516 a change of 24.02%
28/07/2021 FTSE Closed at 7016 points. Change of 0.29%. Total value traded through LSE was: £ 4,900,403,964 a change of 0.43%
27/07/2021 FTSE Closed at 6996 points. Change of -0.41%. Total value traded through LSE was: £ 4,879,437,530 a change of 9.03%
26/07/2021 FTSE Closed at 7025 points. Change of -0.03%. Total value traded through LSE was: £ 4,475,417,848 a change of 19.69%
23/07/2021 FTSE Closed at 7027 points. Change of 0.85%. Total value traded through LSE was: £ 3,739,108,834 a change of -21.27%

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:BLOE Block Energy PLC** **LSE:DGE Diageo** **LSE:EXPN Experian** **LSE:HIK Hikma** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:MRW Morrisons** **LSE:ODX Omega Diags** **LSE:OPG OPG Power Ventures** **LSE:PHP Primary Health** **LSE:POG Petrop etc** **LSE:SPX Spirax** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Block Energy PLC, Diageo, Experian, Hikma, IG Group, International Personal Finance, Morrisons, Omega Diags, OPG Power Ventures, Primary Health, Petrop etc, Spirax, Zoo Digital,

LSE:BLOE Block Energy PLC. Close Mid-Price: 2.65 Percentage Change: + 10.42% Day High: 2.65 Day Low: 2.4

This has gotten almost interesting as above 2.65 suggests ongoing traffic ……..

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View Previous Block Energy PLC & Big Picture ***

LSE:DGE Diageo. Close Mid-Price: 3600.5 Percentage Change: + 0.84% Day High: 3628 Day Low: 3565

Further movement against Diageo ABOVE 3628 should improve acceleration to ……..

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LSE:EXPN Experian. Close Mid-Price: 3213 Percentage Change: + 1.42% Day High: 3232 Day Low: 3167

Target met. In the event of Experian enjoying further trades beyond 3232, ……..

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LSE:HIK Hikma. Close Mid-Price: 2675 Percentage Change: + 1.10% Day High: 2680 Day Low: 2632

Target met. Further movement against Hikma ABOVE 2680 should improve acce ……..

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LSE:IGG IG Group. Close Mid-Price: 908 Percentage Change: + 1.79% Day High: 913 Day Low: 896

In the event of IG Group enjoying further trades beyond 913, the share sh ……..

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LSE:IPF International Personal Finance Close Mid-Price: 145 Percentage Change: -2.82% Day High: 151.4 Day Low: 143.8

Target met. All International Personal Finance needs are mid-price trades ……..

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LSE:MRW Morrisons. Close Mid-Price: 273 Percentage Change: + 2.02% Day High: 272.5 Day Low: 267.6

Further movement against Morrisons ABOVE 272.5 should improve acceleratio ……..

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LSE:ODX Omega Diags. Close Mid-Price: 52 Percentage Change: + 1.96% Day High: 52 Day Low: 50.5

This perhaps is showing early sign of potential. Above 55 should prove cap ……..

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LSE:OPG OPG Power Ventures. Close Mid-Price: 13.75 Percentage Change: + 12.24% Day High: 14 Day Low: 12.03

Continued weakness against OPG taking the price below 12 calculates as lea ……..

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LSE:PHP Primary Health. Close Mid-Price: 165.5 Percentage Change: + 1.04% Day High: 165.5 Day Low: 163.9

Target met. In the event of Primary Health enjoying further trades beyond ……..

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LSE:POG Petrop etc Close Mid-Price: 21.36 Percentage Change: -0.28% Day High: 21.7 Day Low: 20.56

In the event Petrop etc experiences weakness below 20.56 it calculates wi ……..

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LSE:SPX Spirax. Close Mid-Price: 15195 Percentage Change: + 1.23% Day High: 15225 Day Low: 14980

Further movement against Spirax ABOVE 15225 should improve acceleration t ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 148.5 Percentage Change: + 8.39% Day High: 148.5 Day Low: 137

Target met. In the event of Zoo Digital enjoying further trades beyond 14 ……..

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