Shocking news about SSE Plc

#SP500 #WallSt With the energy major enacting their AGM today in Perth, Scotland, we’re curious whether the largely scripted event shall produce anything interesting. There’s been some talk of shareholder disquiet over the CEO salary, a frequent thing prior to corporate AGM’s. Invariably, any shareholder revolt in the room comes to nothing, once funds share of the votes are taken into account.

Certainly, in the period since the Covid drop, the share price has marginally outperformed the FTSE 100 of which it’s a member but realistically, failed to set the heather on fire. Of course, it can be argued this is exactly how it should be with this type of company, baby steps rather than vibrant volatility. A glance at the corporate website reveals the company is strongly committed to Green energy, big fans of wind farms offshore, all the right noises for this day and age.

 

Unfortunately, at present, their share price isn’t in a particularly happy place, recent movements suggesting ongoing weakness below 1468 threatening a trip to 1428, a level at which the visuals suggest a bounce should occur. Importantly, should 1428 break for any reason, we calculate a serious risk of a reversal cycle commencing down to 1273p and hopefully “bottom”.

Our more positive scenario which we suspect shall proved justified, given the companies behaviour since the pandemic drop, asks for share price movement above 1560p to provoke growth toward an initial 1635. If exceeded, our longer term secondary calculates at 1754p, amazingly a new all time high which shall demand we once again stir the tea leaves for a look at the future.

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
10:37:19PM BRENT 71.71 Success
10:39:43PM GOLD 1804.01 Success
10:41:57PM FTSE 7013.26 Success
10:44:30PM FRANCE 6484 Success
10:48:45PM GERMANY 15463 Success
10:50:58PM US500 4362.82 4317 4302 4281 4337 4365 4381.5 4403 4325 ‘cess
10:58:56PM DOW 34847 34467 34430 34291 34675 34847 34963 35371 34630 Success
11:01:19PM NASDAQ 14847 ‘cess
11:03:16PM JAPAN 27905 ‘cess

 

21/07/2021 FTSE Closed at 6998 points. Change of 1.7%. Total value traded through LSE was: £ 6,667,496,815 a change of 20.91%
20/07/2021 FTSE Closed at 6881 points. Change of 0.54%. Total value traded through LSE was: £ 5,514,441,062 a change of 18.32%
19/07/2021 FTSE Closed at 6844 points. Change of -2.34%. Total value traded through LSE was: £ 4,660,799,780 a change of -7.14%
16/07/2021 FTSE Closed at 7008 points. Change of -0.06%. Total value traded through LSE was: £ 5,019,385,780 a change of -1.58%
15/07/2021 FTSE Closed at 7012 points. Change of -1.11%. Total value traded through LSE was: £ 5,099,995,306 a change of 13.98%
14/07/2021 FTSE Closed at 7091 points. Change of -0.46%. Total value traded through LSE was: £ 4,474,388,413 a change of 6.25%
13/07/2021 FTSE Closed at 7124 points. Change of -0.01%. Total value traded through LSE was: £ 4,211,106,808 a change of 2.19%

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

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

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

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

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

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

Click Epic to jump to share: LSE:CEG Challenger Energy (aka Bahamas Pet)** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:POLY Polymetal** **LSE:QFI Quadrise** **LSE:RBD Reabold Resources PLC** **LSE:RMG Royal Mail** **LSE:SRP Serco** **

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Updated charts published on : Challenger Energy (aka Bahamas Pet), Fresnillo, Genel, Polymetal, Quadrise, Reabold Resources PLC, Royal Mail, Serco,

LSE:CEG Challenger Energy (aka Bahamas Pet). Close Mid-Price: 2.05 Percentage Change: + 2.50% Day High: 2 Day Low: 1.9

If Challenger Energy (aka Bahamas Pet) experiences continued weakness bel ……..

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LSE:FRES Fresnillo Close Mid-Price: 762.6 Percentage Change: -0.83% Day High: 774.6 Day Low: 753

Target met. If Fresnillo experiences continued weakness below 753, it wil ……..

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LSE:GENL Genel. Close Mid-Price: 141.8 Percentage Change: + 2.75% Day High: 141.6 Day Low: 133.6

Weakness on Genel below 133.6 will invariably lead to 120 with secondary, ……..

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LSE:POLY Polymetal Close Mid-Price: 1538.5 Percentage Change: -1.88% Day High: 1581 Day Low: 1526

Continued weakness against POLY taking the price below 1526 calculates as ……..

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LSE:QFI Quadrise. Close Mid-Price: 3.14 Percentage Change: + 0.48% Day High: 3.21 Day Low: 3

Weakness on Quadrise below 3 will invariably lead to 2.8 with secondary ( ……..

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LSE:RBD Reabold Resources PLC. Close Mid-Price: 0.4 Percentage Change: + 0.00% Day High: 0.42 Day Low: 0.38

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

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LSE:RMG Royal Mail Close Mid-Price: 516.2 Percentage Change: -2.71% Day High: 535.6 Day Low: 508.4

Target met. Weakness on Royal Mail below 508.4 will invariably lead to 48 ……..

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LSE:SRP Serco. Close Mid-Price: 141.5 Percentage Change: + 1.07% Day High: 142.1 Day Low: 138

Even below 138 now risks becoming an issue, looking capable of an initial ……..

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

Is the AIM Market crashing?

#FTSE #CAC40 Over the last five years, we’ve often sung the praises of the UK’s junior market as it appeared to have left its, often questionable, behaviour behind. Instead, it tends perform with considerable strength, far outstripping the once respectable FTSE 100 both in performance and also, adherence to what passes for logic in the marketplace. In fact, since the March 2020 pandemic drop, the AIM has tended mimic the North American markets in strength, leaving the FTSE languishing far behind.

To illustrate just how strong the AIM has become, we’ve presented the FTSE 100 as a chart overlay in dark blue. By May of last year, the AIM once again left the FTSE in its cloud of broken dreams, soaring onward with true superhero strength.

Thanks to the recent market corrections, which are spoiling the party internationally, there are early signals the AIM shall face some reversals. As a result, it may prove wise in the days ahead to glance at the index before becoming convinced a share is “cheap”. Even in normal times, there’s no such thing as a “cheap” share, internet chatrooms stuffed full of people who felt their 10p bargain could never go lower as everyone said it was ‘cheap’.

 

Our hesitancy comes from AIM market behaviour over the last 5 sessions. Currently trading around 1195 points, the index needs above 1250 to convince us the recent trend break was fake. The immediate situation isn’t terribly dreadful, suggesting weakness below 1191 shall commence a reversal cycle to an initial 1167 with secondary, if broken, at a hopeful bottom of 1150 points. There is an unpleasant implication, if the 1150 level breaks, as the index faces future reversals to a hopeful bottom of 1041 points.

At present, we’re inclined favourably toward a viewpoint of 1150 eventually providing a “bottom” level on the immediate cycle.

 

In the unlikely event the index somehow finds reason to exceed 1250, we calculate an initial target of 1292 with secondary, if bettered, still at our long term 1368 points, this being a level where we suspect some real turbulence shall prove possible on the AIM.

Hey, chart goes here

Yet again, huge thanks to those kind folk who find adverts on this page worth visiting.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:53:55PM BRENT 68.43 Shambles
9:56:31PM GOLD 1810.41 ‘cess
10:00:36PM FTSE 6911 6819 6802 6736 6890 6922 6939.5 6984 6833 ‘cess
10:03:09PM FRANCE 6369 6300 6272.5 6235 6357 6385 6394 6442 6348 Success
10:14:12PM GERMANY 15263
10:16:01PM US500 4326 Success
10:18:48PM DOW 34541 ‘cess
10:20:54PM NASDAQ 14735 Success
10:22:56PM JAPAN 27701 Success

 

 

20/07/2021 FTSE Closed at 6881 points. Change of 0.54%. Total value traded through LSE was: £ 5,514,441,062 a change of 18.32%
19/07/2021 FTSE Closed at 6844 points. Change of -2.34%. Total value traded through LSE was: £ 4,660,799,780 a change of -7.14%
16/07/2021 FTSE Closed at 7008 points. Change of -0.06%. Total value traded through LSE was: £ 5,019,385,780 a change of -1.58%
15/07/2021 FTSE Closed at 7012 points. Change of -1.11%. Total value traded through LSE was: £ 5,099,995,306 a change of 13.98%
14/07/2021 FTSE Closed at 7091 points. Change of -0.46%. Total value traded through LSE was: £ 4,474,388,413 a change of 6.25%
13/07/2021 FTSE Closed at 7124 points. Change of -0.01%. Total value traded through LSE was: £ 4,211,106,808 a change of 2.19%
12/07/2021 FTSE Closed at 7125 points. Change of 0.06%. Total value traded through LSE was: £ 4,120,988,724 a change of -9.74%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **LSE:DDDD 4D Pharma** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:OPG OPG Power Ventures** **LSE:POG Petrop etc** **LSE:POLY Polymetal** **LSE:SDY Speedyhire** **LSE:STAN Standard Chartered** **LSE:VOG VICTORIA** **

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Updated charts published on : Aston Martin, Asos, Aviva, BALFOUR BEATTY, Block Energy PLC, 4D Pharma, Foxtons, Fresnillo, Genel, Hikma, Hargreaves Lansdown, HSBC, IG Group, International Personal Finance, Lloyds Grp., Marks and Spencer, OPG Power Ventures, Petrop etc, Polymetal, Speedyhire, Standard Chartered, VICTORIA,

LSE:AML Aston Martin. Close Mid-Price: 1746 Percentage Change: + 1.25% Day High: 1758.5 Day Low: 1690

In the event Aston Martin experiences weakness below 1690 it calculates w ……..

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LSE:ASC Asos Close Mid-Price: 3744 Percentage Change: -1.99% Day High: 3897 Day Low: 3652

Target met. Weakness on Asos below 3652 will invariably lead to 3564 with ……..

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LSE:AV. Aviva. Close Mid-Price: 380.7 Percentage Change: + 1.04% Day High: 384.6 Day Low: 373.8

If Aviva experiences continued weakness below 373.8, it will invariably l ……..

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LSE:BBY BALFOUR BEATTY Close Mid-Price: 288.8 Percentage Change: -1.70% Day High: 295.4 Day Low: 287

Weakness on BALFOUR BEATTY below 287 will invariably lead to 280 with sec ……..

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LSE:BLOE Block Energy PLC Close Mid-Price: 2.25 Percentage Change: -6.25% Day High: 2.35 Day Low: 2.25

Target met. Continued weakness against BLOE taking the price below 2.25 c ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 83.1 Percentage Change: -4.04% Day High: 87 Day Low: 82.2

Target met. In the event 4D Pharma experiences weakness below 82.2 it cal ……..

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LSE:FOXT Foxtons Close Mid-Price: 46.75 Percentage Change: -1.48% Day High: 49.35 Day Low: 45.35

In the event Foxtons experiences weakness below 45.35 it calculates with ……..

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LSE:FRES Fresnillo Close Mid-Price: 769 Percentage Change: -3.00% Day High: 800.2 Day Low: 766.2

Weakness on Fresnillo below 766.2 will invariably lead to 758 with second ……..

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LSE:GENL Genel Close Mid-Price: 138 Percentage Change: -1.99% Day High: 139.6 Day Low: 135.2

Continued weakness against GENL taking the price below 135.2 calculates a ……..

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LSE:HIK Hikma Close Mid-Price: 2626 Percentage Change: -0.34% Day High: 2667 Day Low: 2622

Continued trades against HIK with a mid-price ABOVE 2667 should improve t ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 1580 Percentage Change: -0.75% Day High: 1600.5 Day Low: 1559.5

Target met. Weakness on Hargreaves Lansdown below 1559.5 will invariably ……..

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LSE:HSBA HSBC. Close Mid-Price: 395.8 Percentage Change: + 1.02% Day High: 398.45 Day Low: 389.35

If HSBC experiences continued weakness below 389.35, it will invariably l ……..

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LSE:IGG IG Group Close Mid-Price: 820 Percentage Change: -0.67% Day High: 828 Day Low: 810.5

Continued weakness against IGG taking the price below 810.5 calculates as ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 124.6 Percentage Change: + 1.14% Day High: 126.8 Day Low: 121.4

This is a bit of a nightmare as weakness now below 121 suggests travel dow ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 44.09 Percentage Change: + 1.34% Day High: 44.15 Day Low: 42.79

Target met. If Lloyds Grp. experiences continued weakness below 42.79, it ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 131.55 Percentage Change: -0.57% Day High: 135.05 Day Low: 129.75

If Marks and Spencer experiences continued weakness below 129.75, it will ……..

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LSE:OPG OPG Power Ventures Close Mid-Price: 12.25 Percentage Change: -2.20% Day High: 12.53 Day Low: 12.25

Continued weakness against OPG taking the price below 12.25 calculates as ……..

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LSE:POG Petrop etc Close Mid-Price: 21.24 Percentage Change: -1.67% Day High: 21.86 Day Low: 21.16

If Petrop etc experiences continued weakness below 21.16, it will invaria ……..

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LSE:POLY Polymetal Close Mid-Price: 1568 Percentage Change: -1.29% Day High: 1600.5 Day Low: 1572

This is ropey as weakness below 1546 now suggests reversal to an initial 1 ……..

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LSE:SDY Speedyhire Close Mid-Price: 66.7 Percentage Change: -2.63% Day High: 69.3 Day Low: 67.2

Weakness on Speedyhire below 67.2 will invariably lead to 55 is ever pres ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 421.3 Percentage Change: + 0.52% Day High: 426.3 Day Low: 414.3

Target met. Weakness on Standard Chartered below 414.3 will invariably le ……..

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LSE:VOG VICTORIA Close Mid-Price: 3.75 Percentage Change: -7.41% Day High: 4.05 Day Low: 3.75

In the event VICTORIA experiences weakness below 3.75 it calculates with ……..

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

Will Sareum Plc hit the 15p target?

#Gold #Nasdaq The last 18 months has seen us gradually lose fascination with drug companies. The root cause, obviously, Covid-19 and an almost distressing number of companies jumping on the “look at me” bandwagon, the general tell tale being dominant usage of “Pandemic” and “Covid-19” on a pharmaceuticals front page. Perhaps it has proven a wise ploy, perhaps not, as the fortunes of rather a few companies appear to have waxed and waned quite vividly.

Sareum Holdings Plc are certainly not a new kid on the block. Founded 17 years ago, their listing on the AIM has shown the usual fits and starts with the share price currently looking a bit “interesting”. Obviously, the company have a finger in the Covid-19 pie but our own interest is driven by personal experience of treatment for a type of leukaemia. Historically, receiving what’s described as aggressive chemotherapy should be more fairly thought of as dodging attempts to murder the patient in the hope the drugs only kills the nasty cancer cells. Thankfully, companies such as Sareum are developing more targeted treatments, easier on the patient and substantially less likely to cause longer term issues.

Again, from personal experience, I remain with damaging effects (sod all immune system, etc) from chemotherapy in 2012 and again, during 2018.

One particular treatment being developed by Sareum is a type of chemo which is a “one a day” pill, aimed at stabilising the patient. Again, from personal experience since 2020, this regime has proven revolutionary as once blood counts retreated to normal human levels, the strength of the drug was vastly reduced with hospital visits becoming substantially less. Hopefully, products of this type become the norm with chemotherapy as the fun of being plumbed into a chair in a treatment room wears off fairly quickly.

 

Currently trading around 7.2p, trades on Sareum above 8p should prove capable of an attempt at 9.3p. If bettered, our secondary calculation works out at 9.75p and while this isn’t particularly exciting, will place the share price potentially in game changing territory.

The thing is, our software demands LSE:SAR close a session above 9.45p as the share price shall enter a brave new world for the longer term. While our calculations are necessarily vague, share price closure above 9.45 currently provides the potential of a longer term movement to 11.5 with secondary, if bettered, at 15p. While we cannot calculate above 15p currently, this does not mean a price cannot go higher.

Many thanks to those who find adverts on this page sufficiently interesting to visit. It’s like getting a daily coffee from a chum!

Perhaps, of course, our enthusiasm is biased by the type of cancer drug this company focus on. We feel it the future for chemo and while Covid-19 may prove to be less intrusive in peoples lives, cancers look here to stay.

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
10:02:35PM BRENT 68.38 Success
10:22:25PM GOLD 1812.98 1804 1796.5 1784 1814 1818 1825 1835 1804 Success
10:26:03PM FTSE 6867.33 Success
10:33:46PM FRANCE 6293 All
10:40:18PM GERMANY 15145 Drop
10:43:20PM US500 4269 Targets
10:46:30PM DOW 34040 Were
10:50:21PM NASDAQ 14604 14446 14322 14095 14582 14642 14656 14726 14509 Hit
10:53:07PM JAPAN 27286 Fast!
19/07/2021 FTSE Closed at 6844 points. Change of -2.34%. Total value traded through LSE was: £ 4,660,799,780 a change of -7.14%
16/07/2021 FTSE Closed at 7008 points. Change of -0.06%. Total value traded through LSE was: £ 5,019,385,780 a change of -1.58%
15/07/2021 FTSE Closed at 7012 points. Change of -1.11%. Total value traded through LSE was: £ 5,099,995,306 a change of 13.98%
14/07/2021 FTSE Closed at 7091 points. Change of -0.46%. Total value traded through LSE was: £ 4,474,388,413 a change of 6.25%
13/07/2021 FTSE Closed at 7124 points. Change of -0.01%. Total value traded through LSE was: £ 4,211,106,808 a change of 2.19%
12/07/2021 FTSE Closed at 7125 points. Change of 0.06%. Total value traded through LSE was: £ 4,120,988,724 a change of -9.74%
9/07/2021 FTSE Closed at 7121 points. Change of 1.29%. Total value traded through LSE was: £ 4,565,910,390 a change of -14.66%

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:AV. Aviva** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CCL Carnival** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DDDD 4D Pharma** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:OPG OPG Power Ventures** **LSE:POG Petrop etc** **LSE:RMG Royal Mail** **LSE:RR. Rolls Royce** **LSE:STAN Standard Chartered** **LSE:TLW Tullow** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **

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Updated charts published on : AFC Energy, Aston Martin, Asos, Aviva, Barclays, Barrett Devs, BP PLC, British Telecom, Carclo, Carnival, Centrica, Capita, 4D Pharma, EasyJet, Firstgroup, Foxtons, Fresnillo, Genel, Hikma, HSBC, British Airways, IG Group, Intercontinental Hotels Group, IQE, ITV, Lloyds Grp., Marks and Spencer, OPG Power Ventures, Petrop etc, Royal Mail, Rolls Royce, Standard Chartered, Tullow, Taylor Wimpey, Vodafone,

LSE:AFC AFC Energy Close Mid-Price: 51.7 Percentage Change: -5.48% Day High: 54.9 Day Low: 51

Weakness on AFC Energy below 51 will invariably lead to 48.5 with seconda ……..

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LSE:AML Aston Martin Close Mid-Price: 1724.5 Percentage Change: -7.09% Day High: 1853 Day Low: 1694.5

Target met. Continued weakness against AML taking the price below 1694.5 ……..

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LSE:ASC Asos Close Mid-Price: 3820 Percentage Change: -3.05% Day High: 3916 Day Low: 3774

If Asos experiences continued weakness below 3774, it will invariably lea ……..

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LSE:AV. Aviva Close Mid-Price: 376.8 Percentage Change: -3.73% Day High: 388 Day Low: 375.2

Target met. In the event Aviva experiences weakness below 375.2 it calcul ……..

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LSE:BARC Barclays Close Mid-Price: 159.32 Percentage Change: -3.69% Day High: 163.98 Day Low: 156.92

Target met. Continued weakness against BARC taking the price below 156.92 ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 670.2 Percentage Change: -2.50% Day High: 679.2 Day Low: 661.2

Target met. In the event Barrett Devs experiences weakness below 661.2 it ……..

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LSE:BP. BP PLC Close Mid-Price: 278.45 Percentage Change: -4.72% Day High: 289.2 Day Low: 276.3

Target met. Continued weakness against BP. taking the price below 276.3 c ……..

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LSE:BT.A British Telecom Close Mid-Price: 178.15 Percentage Change: -4.61% Day High: 185.2 Day Low: 177.15

Target met. In the event British Telecom experiences weakness below 177.1 ……..

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LSE:CAR Carclo Close Mid-Price: 35.2 Percentage Change: -14.98% Day High: 39.1 Day Low: 32.8

Target met. If Carclo experiences continued weakness below 32.8, it will ……..

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LSE:CCL Carnival Close Mid-Price: 1290.8 Percentage Change: -8.73% Day High: 1365 Day Low: 1259

Target met. Weakness on Carnival below 1259 will invariably lead to 1252 ……..

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LSE:CNA Centrica Close Mid-Price: 49.67 Percentage Change: -2.99% Day High: 51.2 Day Low: 48.28

Target met. If Centrica experiences continued weakness below 48.28, it wi ……..

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LSE:CPI Capita Close Mid-Price: 32.29 Percentage Change: -4.95% Day High: 33.45 Day Low: 31.87

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LSE:DDDD 4D Pharma Close Mid-Price: 87 Percentage Change: -1.81% Day High: 88.2 Day Low: 83.8

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LSE:EZJ EasyJet Close Mid-Price: 768.6 Percentage Change: -6.75% Day High: 811.4 Day Low: 753

Target met. Continued weakness against EZJ taking the price below 753 cal ……..

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LSE:FGP Firstgroup Close Mid-Price: 73.85 Percentage Change: -4.83% Day High: 77 Day Low: 73

Weakness on Firstgroup below 73 will invariably lead to 65p with secondar ……..

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LSE:FOXT Foxtons Close Mid-Price: 47 Percentage Change: -7.84% Day High: 51.9 Day Low: 47

Target met. Continued weakness against FOXT taking the price below 47 cal ……..

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LSE:FRES Fresnillo Close Mid-Price: 791.6 Percentage Change: -0.40% Day High: 811 Day Low: 777.6

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LSE:GENL Genel Close Mid-Price: 139.6 Percentage Change: -3.59% Day High: 144.4 Day Low: 138

If Genel experiences continued weakness below 138, it will invariably lea ……..

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LSE:HIK Hikma. Close Mid-Price: 2633 Percentage Change: + 0.11% Day High: 2644 Day Low: 2606

All Hikma needs are mid-price trades ABOVE 2644 to improve acceleration t ……..

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LSE:HSBA HSBC Close Mid-Price: 392.05 Percentage Change: -2.78% Day High: 401.6 Day Low: 390.25

Target met. In the event HSBC experiences weakness below 390.25 it calcul ……..

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LSE:IAG British Airways Close Mid-Price: 159.78 Percentage Change: -4.77% Day High: 166.82 Day Low: 156.8

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LSE:IGG IG Group Close Mid-Price: 824.5 Percentage Change: -2.43% Day High: 842 Day Low: 822.5

Weakness on IG Group below 822.5 will invariably lead to 800p looking cap ……..

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LSE:IHG Intercontinental Hotels Group Close Mid-Price: 4546 Percentage Change: -3.34% Day High: 4650 Day Low: 4492

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LSE:IQE IQE Close Mid-Price: 43.05 Percentage Change: -6.00% Day High: 48.2 Day Low: 42

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LSE:ITV ITV Close Mid-Price: 113.15 Percentage Change: -6.72% Day High: 120.55 Day Low: 112.5

If ITV experiences continued weakness below 112.5, it will invariably lea ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 43.5 Percentage Change: -4.86% Day High: 45.18 Day Low: 43.37

Weakness on Lloyds Grp. below 43.37 will invariably lead to 42.75 with se ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 132.05 Percentage Change: -4.52% Day High: 136.4 Day Low: 131.4

Target met. Continued weakness against MKS taking the price below 131.4 c ……..

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LSE:OPG OPG Power Ventures Close Mid-Price: 12.53 Percentage Change: -1.76% Day High: 12.75 Day Low: 12.53

Target met. If OPG Power Ventures experiences continued weakness below 12 ……..

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LSE:POG Petrop etc Close Mid-Price: 21.64 Percentage Change: -2.96% Day High: 22.26 Day Low: 21.42

Weakness on Petrop etc below 21.42 will invariably lead to 20p and hopefu ……..

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LSE:RMG Royal Mail Close Mid-Price: 525 Percentage Change: -4.02% Day High: 544 Day Low: 521.6

Target met. In the event Royal Mail experiences weakness below 521.6 it c ……..

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LSE:RR. Rolls Royce Close Mid-Price: 87.66 Percentage Change: -5.80% Day High: 92.98 Day Low: 86.69

Target met. Continued weakness against RR. taking the price below 86.69 c ……..

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LSE:STAN Standard Chartered Close Mid-Price: 419.1 Percentage Change: -3.59% Day High: 433.4 Day Low: 417.5

In the event Standard Chartered experiences weakness below 417.5 it calcu ……..

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LSE:TLW Tullow Close Mid-Price: 43.63 Percentage Change: -7.21% Day High: 46.45 Day Low: 43.47

If Tullow experiences continued weakness below 43.47, it will invariably ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 150.65 Percentage Change: -3.09% Day High: 153.45 Day Low: 147.8

Target met. If Taylor Wimpey experiences continued weakness below 147.8, ……..

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LSE:VOD Vodafone Close Mid-Price: 113 Percentage Change: -3.09% Day High: 115.86 Day Low: 112.02

Continued weakness against VOD taking the price below 112.02 calculates a ……..

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

Light a candle for Natwest to 308p?

#Brent #Dax_Futures It’s always quite pleasing when the market chooses to confirm a theory. We often bang on about the importance of a share price closing above (or below) specific levels as a method of confirming whether a trend line is bogus. One such scenario involves up-trends, along with the point of a trend break.

Natwest, in recent weeks, demonstrate exactly what we’re talking about.

 

The two chart extracts below highlight an interesting stance by the market. The Red uptrend since September 2020 looks pretty important and it appears the market shares this viewpoints. In the period since the market broke this uptrend at the end of last month, considerable care has been taken to ensure NWG’s share price has failed to close a session above the point of trend break. To us, this is a pretty big deal, confirming this historical uptrend was indeed valid and worse, suggesting the break of the trend should be viewed as a precursor to some coming reversals.

Hey, chart goes here

For three quite different reasons, this is a bit of a surprise, thanks to us taking time to read the financial press.

Firstly, the constraints on Dividend Payments came off last week, the UK big three expected to introduce 5%+ payments within a year or so.

Second, we’re approaching another Earnings Season for the banks and it appears we should anticipate them doing better than expected. Apparently losses due to the Pandemic were nothing like expected.

Thirdly is a bit left field. The ex-CEO of Barclays has called for an end to the requirement for banks to ring fence capital, joining a growing clamour to enable the institutions to explore more exotic ways of earning money. It must be admitted, there’s a strong chance the level of regulation inflicted on the industry has become over-regulation to the point of actually causing harm.

 

Collectively, the three arguments above should produce a picture of a share price desperate to go up but instead, we’re now a little flummoxed, starting to suspect some reversal make be on the cards.

Near term, below just 199p for Natwest suggests imminent weakness to an initial 188p with secondary, if broken, at 178p. In the event the 178p level breaks, all that’s left is a real hope for a rebound before a third level calculation of 164p.

 

Our alternate scenario demands the share price trade above 210p to introduce the potential of a gain to 215p. At this level, it all becomes a story of whether the share closes a session above the Blue downtrend, due to some spectacular movement becoming possible. Closure above Blue shall allow us to confidently mention 253p and beyond as ambitions for the future.

For now, our suspicion is the share price risks being a little bit stuffed but we’d suspect if 164p (ish) makes a guest appearance, a future bounce is liable to prove interesting.

Hey, chart goes here

As always, our thanks to the folk who find adverts on this page fascinating. Keeps the ‘Taylors Lazy Sunday’ coffee beans coming. <not kidding, our favourite>

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:01:56AM BRENT 72.9 72.5 71.895 70.41 73.67 73.73 74.36 75.15 72.67 ‘cess
9:05:40AM GOLD 1812.61 Success
9:29:35AM FTSE 7011.82
9:31:50AM FRANCE 6443 ‘cess
12:50:25PM GERMANY 15500 15473 15407 15362 15623 15704 15733 15819 15591 ‘cess
1:36:32PM US500 4326 Success
1:39:39PM DOW 34686 ‘cess
1:41:59PM NASDAQ 14679 ‘cess
1:52:39PM JAPAN 27741 ‘cess
16/07/2021 FTSE Closed at 7008 points. Change of -0.06%. Total value traded through LSE was: £ 5,019,385,780 a change of -1.58%
15/07/2021 FTSE Closed at 7012 points. Change of -1.11%. Total value traded through LSE was: £ 5,099,995,306 a change of 13.98%
14/07/2021 FTSE Closed at 7091 points. Change of -0.46%. Total value traded through LSE was: £ 4,474,388,413 a change of 6.25%
13/07/2021 FTSE Closed at 7124 points. Change of -0.01%. Total value traded through LSE was: £ 4,211,106,808 a change of 2.19%
12/07/2021 FTSE Closed at 7125 points. Change of 0.06%. Total value traded through LSE was: £ 4,120,988,724 a change of -9.74%
9/07/2021 FTSE Closed at 7121 points. Change of 1.29%. Total value traded through LSE was: £ 4,565,910,390 a change of -14.66%
8/07/2021 FTSE Closed at 7030 points. Change of -1.69%. Total value traded through LSE was: £ 5,350,338,695 a change of -5.7%

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:BP. BP PLC** **LSE:CAR Carclo** **LSE:CCL Carnival** **LSE:FGP Firstgroup** **LSE:GENL Genel** **LSE:HSBA HSBC** **LSE:IQE IQE** **LSE:MKS Marks and Spencer** **LSE:POG Petrop etc** **LSE:QFI Quadrise** **LSE:RMG Royal Mail** **LSE:SPX Spirax** **LSE:STAN Standard Chartered** **LSE:TW. Taylor Wimpey** **LSE:VOG VICTORIA** **

********

Updated charts published on : Aviva, Barclays, BP PLC, Carclo, Carnival, Firstgroup, Genel, IQE, Marks and Spencer, Petrop etc, Quadrise, Royal Mail, Spirax, Standard Chartered, Taylor Wimpey, VICTORIA,

LSE:AV. Aviva Close Mid-Price: 391.4 Percentage Change: -0.43% Day High: 397.8 Day Low: 389.8

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LSE:BARC Barclays Close Mid-Price: 165.42 Percentage Change: -2.19% Day High: 170.82 Day Low: 164.24

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LSE:BP. BP PLC Close Mid-Price: 292.25 Percentage Change: -1.28% Day High: 300.6 Day Low: 290.25

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LSE:CAR Carclo Close Mid-Price: 41.4 Percentage Change: -7.17% Day High: 45.9 Day Low: 39.9

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LSE:CCL Carnival Close Mid-Price: 1414.2 Percentage Change: -0.79% Day High: 1451.6 Day Low: 1404

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LSE:FGP Firstgroup Close Mid-Price: 77.6 Percentage Change: -3.18% Day High: 83 Day Low: 77

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LSE:GENL Genel Close Mid-Price: 144.8 Percentage Change: -3.08% Day High: 149.6 Day Low: 143

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LSE:HSBA HSBC Close Mid-Price: 403.25 Percentage Change: -1.35% Day High: 411.65 Day Low: 401.75

Weakness on HSBC below 401.75 will invariably lead to 395 with secondary, ……..

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LSE:IQE IQE Close Mid-Price: 45.8 Percentage Change: -3.27% Day High: 47.8 Day Low: 44.95

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LSE:MKS Marks and Spencer. Close Mid-Price: 138.3 Percentage Change: + 0.58% Day High: 141.15 Day Low: 137.65

Weakness on Marks and Spencer below 137.65 will invariably lead to 131p. ……..

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LSE:POG Petrop etc Close Mid-Price: 22.3 Percentage Change: -2.19% Day High: 23.58 Day Low: 22.32

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LSE:QFI Quadrise. Close Mid-Price: 3.98 Percentage Change: + 20.61% Day High: 3.4 Day Low: 3.19

Something positive is finally happening as movement above 4p should bring ……..

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LSE:RMG Royal Mail Close Mid-Price: 547 Percentage Change: -1.23% Day High: 557.4 Day Low: 547.2

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LSE:SPX Spirax Close Mid-Price: 14170 Percentage Change: -1.87% Day High: 14600 Day Low: 14070

Target met. In the event of Spirax enjoying further trades beyond 14600, ……..

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LSE:STAN Standard Chartered Close Mid-Price: 434.7 Percentage Change: -1.32% Day High: 443.7 Day Low: 433.1

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LSE:TW. Taylor Wimpey Close Mid-Price: 155.45 Percentage Change: -0.77% Day High: 158.8 Day Low: 154.9

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LSE:VOG VICTORIA Close Mid-Price: 4.03 Percentage Change: -2.42% Day High: 4.12 Day Low: 3.88

Target met. If VICTORIA experiences continued weakness below 3.88, it wil ……..

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

Can Argo Blockchain go lower? Can the FTSE climb?

#FreeFTSE #FridayFutures We reviewed Argo Blockchain as recently as April, asking the question ‘Is Argo Blochchain sinking’. It appears we know the answer with the price attaining a low of 86p, closing the session around 87p. This is not good, thanks to our prior report published on Interactive Investor giving a secondary drop target of 92p and hopefully a bounce. By breaking below our 92p and closing below such a level, from our standpoint, any bounce becomes less probable.

The situation now for ARB has a few tweaks implemented, due to price movements over the last few months. Next below 86p introduces the possibility of weakness to an initial 73p. If broken, our “ultimate bottom” remains at 63p, presenting a level by which the price almost must bounce. This is due to a single salient detail. We cannot calculate anything below 63p!

To escape this mess, the share price needs exceed 110p to tick a pretty major box for any recovery to prove genuine. Such a movement should allow recovery to an initial 127 with secondary, if bettered, calculating at an eventual 170p. For now, as mentioned in our original article;  ‘For the cautious, perhaps worth keeping a weather eye on it, just in case 63p makes a guest appearance in the weeks ahead.’

Hey, chart goes here

FTSE for FRIDAY We remain somewhat pleased at the number of folk, internationally, who ‘tune in’ every Friday for this report. Given the state of the UK market since June, we fear there’s an expectation of us coming up with magic words to signal the point at which the FTSE actually does something sane. The FTSE opened June at 7022 points. It closed Thursday 15th July at 7018 points! Despite the index making a few attempts upward, some sort of gravity has ensured the market returns to the 7000 level on 8, out of 31 trading days. This sort of glass ceiling behaviour, when witnessed against shares, often indicates a hiatus prior to positive news being announced. Thereafter, any surge upward will tend prove interesting and sharp.

Unfortunately, this is the FTSE, an index which rarely boldly goes anywhere. The market now has broken 7 uptrends since November last year, without actually crashing. The most recent trend breaks provide slight cause for worry, due to the index also failing to exceed prior highs. An argument can be made for weakness settling into place, despite the UK nervously hopping from foot to foot as we count down the seconds to Freedom Day on Monday. Equally nervously, we note the media carefully mentioning Covid-19 infections reaching new highs and we wonder if the UK Govt intends press the brakes on the supposed concept of imminent freedoms.

It’s funny how, using the UK criteria to define what exactly a “Red Zone” country is, the UK would already completely ban any travel to the UK! Perhaps this is where the hesitancy across the FTSE 100 comes as there are a few quite contradictory signals evident. The market has now closed below its 7th uptrend.

Hey, chart goes here

 

The immediate prospect for the FTSE is fairly straightforward. We should anticipate the worst is coming, were it not for the markets serial behaviour of breaking uptrends, bouncing from the 7,000 point level. If things are about to become serious, the index needs drop below 6993 to convince us as this risks imminent reversal to an initial 6963 points. If broken, our secondary works out at 6890 points, taking the index into a truly nasty area where it’s difficult to ignore the potential of 6500 making an appearance eventually.

Of course, there’s always the visual promise the FTSE shall, once again, rebound from the 7000 level. We shall not be inclined to trust any bounce unless the market exceeds 7030 points as this calculates as capable of triggering movement to an initial 7044 points. If bettered, our secondary works out at 7073 points. We’re not immune from noticing both “rebound” targets are pretty lame, the FTSE really needing above 7100 to convince a true attempt to escape the gutter is upon us.

Hopefully the UK can make it to Monday without political action, and a day when some optimism may finally rear its ugly head.

Hey, chart goes here

Finally, have a good weekend and remember to cross your fingers for Louis Hamilton remembering how to drive again… It is “our” home Grand Prix after all.

 

Also, our thanks to those who find adverts on this page sufficiently interesting to check out.


 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:40:28PM BRENT 72.97 72.8 72.115 74.1 74.25 74.6 73.1
10:42:28PM GOLD 1829.86 1819 1816 1828 1834 1837 1824 ‘cess
10:45:52PM FTSE 7014.9 6997 6977 7049 7068 7078.5 7014 Success
10:52:32PM FRANCE 6492.5 6466 6429 6506 6506 6515.5 6477 Success
10:54:30PM GERMANY 15619 15587 15543.5 15663 15777 15792 15654 Success
10:56:33PM US500 4354.97 4351 4339 4366 4377 4384 4356 ‘cess
10:58:30PM DOW 34953 34704 34600.5 34890 34990 35079 34830 ‘cess
11:00:59PM NASDAQ 14782 14739 14700 14839 14974 15020 14870 Shambles
11:03:11PM JAPAN 28024 27980 27923 28180 28286 28334 28102 Success

 

15/07/2021 FTSE Closed at 7012 points. Change of -1.11%. Total value traded through LSE was: £ 5,099,995,306 a change of 13.98%
14/07/2021 FTSE Closed at 7091 points. Change of -0.46%. Total value traded through LSE was: £ 4,474,388,413 a change of 6.25%
13/07/2021 FTSE Closed at 7124 points. Change of -0.01%. Total value traded through LSE was: £ 4,211,106,808 a change of 2.19%
12/07/2021 FTSE Closed at 7125 points. Change of 0.06%. Total value traded through LSE was: £ 4,120,988,724 a change of -9.74%
9/07/2021 FTSE Closed at 7121 points. Change of 1.29%. Total value traded through LSE was: £ 4,565,910,390 a change of -14.66%
8/07/2021 FTSE Closed at 7030 points. Change of -1.69%. Total value traded through LSE was: £ 5,350,338,695 a change of -5.7%
7/07/2021 FTSE Closed at 7151 points. Change of 0.72%. Total value traded through LSE was: £ 5,673,997,934 a change of 23.9%

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:AV. Aviva** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:CCL Carnival** **LSE:CPI Capita** **LSE:DDDD 4D Pharma** **LSE:DGE Diageo** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:IAG British Airways** **LSE:MKS Marks and Spencer** **LSE:QFI Quadrise** **LSE:RMG Royal Mail** **LSE:SPX Spirax** **LSE:STAN Standard Chartered** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **

********

Updated charts published on : AFC Energy, Asos, Aviva, Bowleven, BP PLC, Carnival, Capita, 4D Pharma, Diageo, Experian, EasyJet, British Airways, Marks and Spencer, Quadrise, Royal Mail, Spirax, Standard Chartered, Taylor Wimpey, Vodafone,

LSE:AFC AFC Energy Close Mid-Price: 53.7 Percentage Change: -6.77% Day High: 58 Day Low: 52.6

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LSE:ASC Asos Close Mid-Price: 3854 Percentage Change: -18.12% Day High: 4451 Day Low: 3809

Target met. In the event Asos experiences weakness below 3809 it calculat ……..

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LSE:AV. Aviva Close Mid-Price: 393.1 Percentage Change: -0.96% Day High: 399.2 Day Low: 391.5

Target met. Weakness on Aviva below 391.5 will invariably lead to 388 wit ……..

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LSE:BLVN Bowleven Close Mid-Price: 4 Percentage Change: -11.11% Day High: 4.25 Day Low: 3.5

If Bowleven experiences continued weakness below 3.5, it will invariably ……..

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LSE:BP. BP PLC Close Mid-Price: 296.05 Percentage Change: -2.85% Day High: 301.7 Day Low: 293.95

In the event BP PLC experiences weakness below 293.95 it calculates with ……..

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LSE:CCL Carnival Close Mid-Price: 1425.4 Percentage Change: -2.80% Day High: 1456.2 Day Low: 1424.4

If Carnival experiences continued weakness below 1424.4, it will invariab ……..

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LSE:CPI Capita Close Mid-Price: 34.02 Percentage Change: -2.13% Day High: 35.24 Day Low: 33.67

Continued weakness against CPI taking the price below 33.67 calculates as ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 88.4 Percentage Change: -1.56% Day High: 90.9 Day Low: 86.7

If 4D Pharma experiences continued weakness below 86.7, it will invariabl ……..

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LSE:DGE Diageo Close Mid-Price: 3477.5 Percentage Change: -0.27% Day High: 3552.5 Day Low: 3473.5

In the event of Diageo enjoying further trades beyond 3552.5, the share s ……..

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LSE:EXPN Experian. Close Mid-Price: 3050 Percentage Change: + 2.45% Day High: 3157 Day Low: 3026

Target met. Continued trades against EXPN with a mid-price ABOVE 3157 sho ……..

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LSE:EZJ EasyJet Close Mid-Price: 822.6 Percentage Change: -2.02% Day High: 835.6 Day Low: 807.8

If EasyJet experiences continued weakness below 807.8, it will invariably ……..

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LSE:IAG British Airways Close Mid-Price: 165.36 Percentage Change: -3.25% Day High: 171 Day Low: 164.86

Continued weakness against IAG taking the price below 164.86 calculates a ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 137.5 Percentage Change: -5.24% Day High: 145 Day Low: 138.05

In the event Marks and Spencer experiences weakness below 138.05 it calcu ……..

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LSE:QFI Quadrise Close Mid-Price: 3.3 Percentage Change: -6.78% Day High: 3.52 Day Low: 3.3

If Quadrise experiences continued weakness below 3.3, it will invariably ……..

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LSE:RMG Royal Mail Close Mid-Price: 553.8 Percentage Change: -2.19% Day High: 567.4 Day Low: 551.6

Continued weakness against RMG taking the price below 551.6 calculates as ……..

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LSE:SPX Spirax. Close Mid-Price: 14440 Percentage Change: + 1.30% Day High: 14460 Day Low: 14255

Target met. Continued trades against SPX with a mid-price ABOVE 14460 sho ……..

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LSE:STAN Standard Chartered Close Mid-Price: 440.5 Percentage Change: -1.28% Day High: 448.5 Day Low: 439.7

Continued weakness against STAN taking the price below 439.7 calculates a ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 156.65 Percentage Change: -3.60% Day High: 162 Day Low: 156.65

Continued weakness against TW. taking the price below 156.65 calculates a ……..

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LSE:VOD Vodafone Close Mid-Price: 115.3 Percentage Change: -1.86% Day High: 117.64 Day Low: 114.6

If Vodafone experiences continued weakness below 114.6, it will invariabl ……..

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

Forex GBPUSD with a 1.549 target!

#Gold #Japan An unexpected conversation with an 8 y/o grand-daughter inevitably led to me questioning the markets. Children appear able to attach value to things to such an extent, barter is possible, taking place without fuss or drama. Crucially, neither Bitcoin nor the US Dollar was involved in the girls transaction but her logic proved fascinating.

By way of background, the little monster was ‘hovering with intent’ outside the office door, clearly awaiting the moment when I published my “Live Market” futures, leaned back, stood up and stretched, before going through to the kitchen to make my second coffee of the day. It was clear my journey was going to be interrupted by an impatient child***.

 

“Alistair, can you make this fit onto my belt?” she asked. (As I don’t feel old enough to be a grandparent, I insist on first name terms) The item was a plastic scabbard, hopefully for a plastic sword and certainly not the normal thing I’d associate with either of the girls.

“Where did you get that from?”

“Swapped it at the beach on Monday…” Sudden visions of a lucky child suddenly becoming the owner of an iPad were dispelled, when the rest of the story came out. The girls had decided to open a beach cafe, something inspired by the film Madagascar. All the food and drinks were fake and they’d raided our garden for Pampas Grass fronds to decorate their pretend cafe. It looked quite convincing, at least to those younger than 10 years old.

She’d swapped 2 Pampas fronds for the plastic sword and scabbard. Her older sister managed to gain a soft toy at the cost of just a single frond. Apparently, as the day continued, the trade in Pampas fronds proved worthwhile, our dog unlikely to run out of toys for a while. We regard Pampas grass as a terrible weed, annual battles taking place to get rid of the fast growing things. Amusingly, the local village hall has them displayed outside, along with an honesty bucket, inviting passers by to purchase fronds at £2 each. Apparently some florists attempt to sell them (in the city) for around £20 each! In a clearing on the hill behind us, there are literally 1,000’s of Pampas grass plants growing, killing the prospects of anything else getting a start in the soil.

But suddenly, it appears there is a market for Pampas Grass Fronds, the children entering it seamlessly and without fuss, being able to sort out exchange rates to trade weeds for assorted junk. With hindsight, I suspect some tourist parents were probably encouraging the exchange, spotting the chance of a bargain while offloading some of their kids rubbish.

 

It begs the question, just how to the currency or crypto markets survive without the benefit of an 8 year old girl providing steerage. Why should Sterling be stronger than the US Dollar on a Monday, yet weaker on the Wednesday, suddenly attracting speculation as to the future. Our inclination is to step back and review the currency pairing from a Big Picture perspective. As shown, since 2007 GBP has enjoyed a pretty grim downhill ride and it was only at the end of 2020 when the relationship finally broke through the Blue downtrend. Our previous analysis gave an initial breakout ambition at 1.4061, a number which has been achieved and exceeded a couple of times this year.

We are inclined to believe, should the market next exceed 1.4061, a new cycle can be anticipated with future recovery to an initial 1.4760 with secondary, if bettered, a rather less certain (at present) 1.5490.

 

Our alternate scenario isn’t initially scary. After all, prices go up and down with greater volatility than the Pampas grass market. There’s an immediate non-threatening danger of weakness below 1.3730 leading to reversal to an initial 1.3417. This visually matches the price level at which the pairing exited the long term downtrend and exhibits a point at which we’d hope for a rebound. The danger comes, if 1.3417 breaks as this calculates with ongoing reversal toward 1.3131. While the price level may not sound so dreadful, by breaking below the historical level of trend break, the pairing is at risk of entering a period we’ll call stodgy . Across the wider marketplace, when shares or commodities start trading below such major levels of a trend break, price movements start to become pretty boring and the market feels very depressed, neither going up nor down with any real conviction. Perhaps this phenomena relates to the pandemic as we’re seeing the effect around the world and it’s never confined to any particular sector or product.

In a brief summary, we now regard GBPUSD as heading to 1.4760, the pair needing below 1.3417 to cancel the prospect. Who knows, for the brave this may present a superb long position opportunity with an incredibly tight stop loss possible.

Hey, chart goes here

***After ensuring the child could attach the scabbard to her belt, the inevitable happened later, while watching the USA open for business.

“Can you fix my sword?”

Patient voice: “What happened?”

“I was trying to cut (sisters name) head off and she threw a cushion. I chopped the cushion and the sword broke in half… It was her fault!”

They go home tomorrow for a few days.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
11:06:46PM BRENT 74.22 Shambles
11:09:03PM GOLD 1827.43 1809 1802 1793 1819 1830 1833 1845 1808 Success
11:11:57PM FTSE 7088.38 Success
11:13:49PM FRANCE 6549.8
11:15:53PM GERMANY 15774
11:18:01PM US500 4375.17
11:19:48PM DOW 34920
11:22:02PM NASDAQ 14910
11:24:40PM JAPAN 28537 28504 28434 28351 28609 28683 28715 28783 28590
14/07/2021 FTSE Closed at 7091 points. Change of -0.46%. Total value traded through LSE was: £ 4,474,388,413 a change of 6.25%
13/07/2021 FTSE Closed at 7124 points. Change of -0.01%. Total value traded through LSE was: £ 4,211,106,808 a change of 2.19%
12/07/2021 FTSE Closed at 7125 points. Change of 0.06%. Total value traded through LSE was: £ 4,120,988,724 a change of -9.74%
9/07/2021 FTSE Closed at 7121 points. Change of 1.29%. Total value traded through LSE was: £ 4,565,910,390 a change of -14.66%
8/07/2021 FTSE Closed at 7030 points. Change of -1.69%. Total value traded through LSE was: £ 5,350,338,695 a change of -5.7%
7/07/2021 FTSE Closed at 7151 points. Change of 0.72%. Total value traded through LSE was: £ 5,673,997,934 a change of 23.9%
6/07/2021 FTSE Closed at 7100 points. Change of -0.89%. Total value traded through LSE was: £ 4,579,399,515 a change of 38.26%

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:AV. Aviva** **LSE:BARC Barclays** **LSE:BLVN Bowleven** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CCL Carnival** **LSE:CEY Centamin** **LSE:CPI Capita** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:IHG Intercontinental Hotels Group** **LSE:ITRK Intertek** **LSE:RR. Rolls Royce** **LSE:SPX Spirax** **LSE:VOG VICTORIA** **

********

Updated charts published on : AFC Energy, Asos, Aviva, Barclays, Bowleven, British Telecom, Carclo, Carnival, Centamin, Capita, MAN, EasyJet, Foxtons, Intercontinental Hotels Group, Intertek, Rolls Royce, Spirax, VICTORIA,

LSE:AFC AFC Energy Close Mid-Price: 57.6 Percentage Change: -4.48% Day High: 60.3 Day Low: 57.2

For some reason, this has managed to clambour onto the naughty step as wea ……..

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LSE:ASC Asos. Close Mid-Price: 4707 Percentage Change: + 1.71% Day High: 4748 Day Low: 4568

Continued weakness against ASC taking the price below 4568 calculates as l ……..

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LSE:AV. Aviva. Close Mid-Price: 396.9 Percentage Change: + 0.05% Day High: 400 Day Low: 394.1

If Aviva experiences continued weakness below 394, it will invariably lead ……..

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LSE:BARC Barclays. Close Mid-Price: 170.7 Percentage Change: + 0.41% Day High: 173.62 Day Low: 169.02

Weakness on Barclays below 165 will invariably lead to 162 with secondary ……..

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LSE:BLVN Bowleven Close Mid-Price: 4.5 Percentage Change: -5.26% Day High: 4.75 Day Low: 4.25

I think it the case that even above 5p should now promote movement to an i ……..

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LSE:BT.A British Telecom Close Mid-Price: 186.3 Percentage Change: -0.43% Day High: 188.2 Day Low: 185.6

There is now little doubt below 183 is dodgy, allowing weakness down to an ……..

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LSE:CAR Carclo Close Mid-Price: 43.1 Percentage Change: -0.58% Day High: 45 Day Low: 42.4

Weakness on Carclo below 42 will invariably lead to 40p Secondary is at 24 ……..

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LSE:CCL Carnival Close Mid-Price: 1466.4 Percentage Change: -1.40% Day High: 1499.2 Day Low: 1461.8

It’s still sinking, when we near an era of buoyancy. But below 1461 sugges ……..

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LSE:CEY Centamin Close Mid-Price: 103 Percentage Change: -0.82% Day High: 103.75 Day Low: 102.45

It’s still the case weakness below 100 should take this down to 90p but im ……..

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LSE:CPI Capita Close Mid-Price: 34.76 Percentage Change: -1.56% Day High: 35.67 Day Low: 34

Weakness on Capita below 34 will invariably lead to 30p and possible bounc ……..

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LSE:EMG MAN Close Mid-Price: 192.45 Percentage Change: -1.08% Day High: 194.25 Day Low: 192.65

We regard this now as on a track to an initial 212 (and hesitation). Secon ……..

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LSE:EZJ EasyJet Close Mid-Price: 839.6 Percentage Change: -4.35% Day High: 871.4 Day Low: 838

Target Met. Ouch. Now below 838 allows a descent to 802 with secondary, if ……..

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LSE:FOXT Foxtons Close Mid-Price: 53.5 Percentage Change: -1.47% Day High: 55.5 Day Low: 50.9

Target met. If Foxtons experiences continued weakness below 50.9, it will ……..

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LSE:IHG Intercontinental Hotels Group Close Mid-Price: 4641 Percentage Change: -0.77% Day High: 4684 Day Low: 4612

Continued weakness against IHG taking the price below 4612 calculates as ……..

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LSE:ITRK Intertek Close Mid-Price: 5596 Percentage Change: -1.27% Day High: 5668 Day Low: 5552

Further movement against Intertek ABOVE 5668 should improve acceleration ……..

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LSE:RR. Rolls Royce Close Mid-Price: 92.76 Percentage Change: -0.91% Day High: 94.27 Day Low: 90.55

Target met. If Rolls Royce experiences continued weakness below 90.55, it ……..

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LSE:SPX Spirax Close Mid-Price: 14255 Percentage Change: -0.18% Day High: 14310 Day Low: 14130

Further movement against Spirax ABOVE 14310 should improve acceleration to ……..

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LSE:VOG VICTORIA Close Mid-Price: 4.15 Percentage Change: -2.35% Day High: 4.25 Day Low: 4.15

Continued weakness against VOG taking the price below 4.15 calculates as ……..

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

Can A G Barr Plc hit 869p?

Scottish soft drink maker (the Irn Bru folk) recently suffered a ‘Royal Visit’, the media showing the Queen and her crowd of hangers-on dutifully pretending they were enjoying fizzy drinks, fresh from melted steel girders. Given conventional sentiment in Scotland, we hold suspicions this sort of nonsense has its roots in business owners dreaming of honours rather than any real belief a picture of Her Majesty knocking back Irn Bru will appeal to their target market. Private Eye, even has a section on this, The Order of The Brown Nose…

What always proves amusing, with special thanks to Twitter, is the framing of crowds behind barriers in photographs. Invariably, someone shows a real photograph of the event and it becomes clear journalists concept of “crowds” falls short of the truth. Of course, doubtless Covid-19 is making it difficult for the usual suspects to be encouraged to look enthusiastic, schools being hesitant at their pupils being bussed to an event just to make up numbers.

Once, as a child, this writer experienced at first hand the bullying tactics employed, a squad of police officers conducting a sweep through a holiday park to enlist ‘volunteers’ for a royal visit. Each child was even given a Union flag on a stick to wave. Unfortunately for the police, children at holiday park tend make thorough explorations of the area which ensured by the time the royal train appeared, virtually every child had made their way to the end of the platform, where an absence of fencing created an easy escape. What happened to the obligatory flags is a mystery but it’s unlikely any found their way into a bin.

 

Cynical nature aside, A G Barr look like their share price is poised for some action.

Presently trading around 547p, the share need only fizz above 567p to become interesting. Such a trigger level should prove capable of allowing the price to bubble up to an initial 614p. As the chart below shows, this has the potential of the price regaining its long term Red uptrend, creating a realistic ambition of future recovery to 700p. This year has experienced some quite amazing weather here on Scotland’s west coast and despite (until now) reduced tourist numbers, soft drink sales will have been very high. Hopefully, for A G Barr, this shall follow through with vastly improved income over last years performance, giving sufficient excuse for a future boost above 700p to a longer term 889p. Surprisingly, this calculation tier also gives share price movements the opportunity to cover the circled gap on the chart with startling accuracy.

Hey, chart goes here

Our thanks to those who find relevant advertising on this page sufficiently interesting to visit. You also keep us in coffee, essential on mornings such as today!

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:55:21PM BRENT 76.14 ‘cess
10:02:08PM GOLD 1807.94 ‘cess
10:03:52PM FTSE 7128.35 7111 7100 7083 7143 7145 7158 7219 7111
10:05:27PM FRANCE 6554
10:09:05PM GERMANY 15777 15294 No sodding clue
10:21:33PM US500 4368
10:23:42PM DOW 34894
10:25:46PM NASDAQ 14872 14803 14755 14671 14940 15005 15052.5 15125 14805 Success
10:27:52PM JAPAN 28511 Success
13/07/2021 FTSE Closed at 7124 points. Change of -0.01%. Total value traded through LSE was: £ 4,211,106,808 a change of 2.19%
12/07/2021 FTSE Closed at 7125 points. Change of 0.06%. Total value traded through LSE was: £ 4,120,988,724 a change of -9.74%
9/07/2021 FTSE Closed at 7121 points. Change of 1.29%. Total value traded through LSE was: £ 4,565,910,390 a change of -14.66%
8/07/2021 FTSE Closed at 7030 points. Change of -1.69%. Total value traded through LSE was: £ 5,350,338,695 a change of -5.7%
7/07/2021 FTSE Closed at 7151 points. Change of 0.72%. Total value traded through LSE was: £ 5,673,997,934 a change of 23.9%
6/07/2021 FTSE Closed at 7100 points. Change of -0.89%. Total value traded through LSE was: £ 4,579,399,515 a change of 38.26%
5/07/2021 FTSE Closed at 7164 points. Change of 0.58%. Total value traded through LSE was: £ 3,312,078,677 a change of -20.84%

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:BLOE Block Energy PLC** **LSE:CAR Carclo** **LSE:CCL Carnival** **LSE:DGE Diageo** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:FOXT Foxtons** **LSE:NG. National Glug** **LSE:NWG Natwest** **LSE:ODX Omega Diags** **LSE:POG Petrop etc** **LSE:RR. Rolls Royce** **LSE:SPX Spirax** **LSE:VOG VICTORIA** **

********

Updated charts published on : Avacta, Block Energy PLC, Carclo, Carnival, Diageo, MAN, Experian, Foxtons, National Glug, Natwest, Omega Diags, Petrop etc, Rolls Royce, VICTORIA,

LSE:AVCT Avacta. Close Mid-Price: 135.5 Percentage Change: + 7.11% Day High: 138.5 Day Low: 118

Target met. If Avacta experiences continued weakness below 118, it will i ……..

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LSE:BLOE Block Energy PLC. Close Mid-Price: 2.55 Percentage Change: + 0.00% Day High: 2.55 Day Low: 2.4

Weakness on Block Energy PLC below 2.4 will invariably lead to 2.2 and ho ……..

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LSE:CAR Carclo Close Mid-Price: 43.35 Percentage Change: -5.56% Day High: 46 Day Low: 43

Weakness on Carclo below 43 will invariably lead to 40p Secondary is at 2 ……..

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LSE:CCL Carnival Close Mid-Price: 1487.2 Percentage Change: -1.60% Day High: 1532.2 Day Low: 1488

Quite why the share price looks like sinking, when we near an era of buoya ……..

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LSE:DGE Diageo. Close Mid-Price: 3502 Percentage Change: + 1.49% Day High: 3503 Day Low: 3450.5

All Diageo needs are mid-price trades ABOVE 3503 to improve acceleration ……..

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LSE:EMG MAN Close Mid-Price: 194.55 Percentage Change: -0.21% Day High: 197.4 Day Low: 193.5

In the event of MAN enjoying further trades beyond 197.4, the share shoul ……..

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LSE:EXPN Experian. Close Mid-Price: 3023 Percentage Change: + 1.31% Day High: 3030 Day Low: 2973

Target met. In the event of Experian enjoying further trades beyond 3030, ……..

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LSE:FOXT Foxtons Close Mid-Price: 54.3 Percentage Change: -4.74% Day High: 57 Day Low: 54.3

Weakness on Foxtons below 54.3 will invariably lead to 51 with secondary, ……..

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LSE:NG. National Glug Close Mid-Price: 942.6 Percentage Change: -0.26% Day High: 945.7 Day Low: 939.1

All National Glug needs are mid-price trades ABOVE 945.7 to improve accel ……..

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LSE:NWG Natwest Close Mid-Price: 201.4 Percentage Change: -2.61% Day High: 213.8 Day Low: 201

All Natwest needs are mid-price trades ABOVE 213.8 to improve acceleratio ……..

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LSE:ODX Omega Diags. Close Mid-Price: 48.5 Percentage Change: + 2.11% Day High: 49.5 Day Low: 40.5

In the event Omega Diags experiences weakness below 40.5 it calculates wi ……..

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LSE:POG Petrop etc Close Mid-Price: 22.84 Percentage Change: -0.35% Day High: 23.06 Day Low: 22.74

Continued weakness against POG taking the price below 22.74 calculates as ……..

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LSE:RR. Rolls Royce Close Mid-Price: 93.61 Percentage Change: -2.22% Day High: 97.51 Day Low: 93.52

In the event Rolls Royce experiences weakness below 93.52 it calculates w ……..

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LSE:SPX Spirax. Close Mid-Price: 14280 Percentage Change: + 1.20% Day High: 14295 Day Low: 14095

Target met. Further movement against Spirax ABOVE 14295 should improve ac ……..

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LSE:VOG VICTORIA Close Mid-Price: 4.25 Percentage Change: -19.05% Day High: 5 Day Low: 4.25

Weakness on VICTORIA below 4.25 will invariably lead to 4 with secondary, ……..

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