Natwest Group & optimism?

#Brent_Futures #DAX The UK retail banks are behaving like politicians, only instead of teasing “end of lockdown”, they tease “share price recovery!” We’re increasingly less likely to believe either politicians or the market, thanks to events tending signal neither actually have a clue. Just when we thought it was safe to exit our collective cages, the current hysteria about ‘Covid from India is going to get you’ fails to gel with the hospitality industry suggesting people need drink an extra patriotic 158 pints of beer on average between now and the end of year to undo the damage to their profits. As for politicians and Covid-19, the virus spread ignores a few tiny little details. If flying from some countries into the UK, you can only land in Scotland if willing to accept mandatory quarantine, a nice little earner for the hotel industry. As a result, folk coming to Scotland fly into Heathrow, travel internally to Scotland, and promise to isolate themselves at home for 10 days. They face a difficult threat. Apparently someone might phone them to ask if they are staying indoors…

And then, we question why the illness continues to spread while the markets (in the UK) fail to recover?

Natwest managed a miracle trigger surge above our 201p trigger, utterly failing to achieve our 212p target, instead fizzing out at just 208p with news India Covid was now on our shores. In normal circumstances, the series of price movements would create about the closest thing to a Sure Thing trade as it’s possible to get. Apparently, for Natwest we can now report above 212p should enter a recovery cycle to an initial 250p, a confident and sane looking recovery target. In fact, we can even tighten this now to above 210p allegedly being capable of triggering a series of remorseless drives upward.

We even can calculate a longer term secondary at 306p, something we’re less confident on despite the Big Picture visuals.

 

There is something fairly encouraging revealed by recent price moves. We previously moaned the share needed below 183p to undo any growth trigger. Thus far, the lowest achieved since the trend break upward has been 184.75p, frighteningly close to cancelling recovery potentials but failing to cancel the scenario. As the inset on the chart reveals, this lunge downward came immediately following the previous lunge upward, signalling the market is perfectly aware of both the Blue and Red trend lines. Traditionally, our inclination is to go with any initial trend break as setting the tone for the future. Thus, the movement to 208p may well prove a viable early warning for a share which intends surprise recovery toward 250p.

We’re hopefully not being gullible but the picture shown does lend itself to suggesting Natwest are about to make a surprise recovery surge upward. Goodness knows when! For everything to go wrong, the bank share price needs now sink below 175p. This would be a poor show, threatening a reversal cycle to a bottom, hopefully, at 141p.

As always, many thanks to those who find adverts of interest. Fridays visitors justified a chocolate croissant!

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
8:44:36PM BRENT 68.63 67.31 66.79 66.16 68.02 68.68 68.82 69.56 67.92
8:46:51PM GOLD 1844.5 ‘cess
8:59:09PM FTSE 7077.42 ‘cess
9:02:10PM FRANCE 6419 Success
9:33:28PM GERMANY 15472.48 15275 15182 15079 15376 15493 15542.75 15648 15391 Success
9:40:00PM US500 4170.97 ‘cess
9:41:53PM DOW 34378 ‘cess
9:43:53PM NASDAQ 13385 Success
9:50:05PM JAPAN 28259 Success
14/05/2021 FTSE Closed at 7043 points. Change of 1.15%. Total value traded through LSE was: £ 5,086,620,345 a change of -7.58%
13/05/2021 FTSE Closed at 6963 points. Change of -0.59%. Total value traded through LSE was: £ 5,503,652,334 a change of -7.78%
12/05/2021 FTSE Closed at 7004 points. Change of 0.82%. Total value traded through LSE was: £ 5,968,278,155 a change of -15.12%
11/05/2021 FTSE Closed at 6947 points. Change of -2.47%. Total value traded through LSE was: £ 7,031,531,361 a change of 14.21%
10/05/2021 FTSE Closed at 7123 points. Change of -0.08%. Total value traded through LSE was: £ 6,156,776,739 a change of 2.81%
7/05/2021 FTSE Closed at 7129 points. Change of 0.75%. Total value traded through LSE was: £ 5,988,474,650 a change of -25.26%
6/05/2021 FTSE Closed at 7076 points. Change of 0.53%. Total value traded through LSE was: £ 8,012,209,382 a change of 24%

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:DGE Diageo** **LSE:EMG MAN** **LSE:GENL Genel** **LSE:HUR Hurrican Energy** **LSE:IGAS Igas Energy** **LSE:IPF International Personal Finance** **LSE:LLOY Lloyds Grp.** **LSE:NG. National Glug** **LSE:SBRY Sainsbury** **LSE:VEC Vectura** **

********

Updated charts published on : Diageo, MAN, Genel, Hurrican Energy, Igas Energy, International Personal Finance, Lloyds Grp., National Glug, Sainsbury, Vectura,

LSE:DGE Diageo. Close Mid-Price: 3353.5 Percentage Change: + 1.51% Day High: 3377.5 Day Low: 3323

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LSE:EMG MAN. Close Mid-Price: 171.4 Percentage Change: + 4.96% Day High: 172.05 Day Low: 164.05

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LSE:GENL Genel Close Mid-Price: 152 Percentage Change: -0.91% Day High: 154.8 Day Low: 149.4

Continued weakness against GENL taking the price below 149.4 calculates a ……..

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LSE:HUR Hurrican Energy Close Mid-Price: 0.66 Percentage Change: -12.36% Day High: 0.76 Day Low: 0.66

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LSE:IGAS Igas Energy. Close Mid-Price: 21 Percentage Change: + 6.06% Day High: 19.85 Day Low: 19.85

Weakness on Igas Energy below 19.85 will invariably lead to 15.80 with se ……..

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LSE:IPF International Personal Finance Close Mid-Price: 136.2 Percentage Change: -1.16% Day High: 138.8 Day Low: 134

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

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 48.25 Percentage Change: + 2.65% Day High: 48.27 Day Low: 47.26

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LSE:NG. National Glug. Close Mid-Price: 936.1 Percentage Change: + 1.31% Day High: 941.5 Day Low: 930

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LSE:SBRY Sainsbury Close Mid-Price: 259 Percentage Change: -0.08% Day High: 262.4 Day Low: 258.5

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LSE:VEC Vectura Close Mid-Price: 118 Percentage Change: -0.51% Day High: 122 Day Low: 118.2

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

Is Brent Crude bubbling up & our FTSE for FRIDAY

#FTSE It has been a few months since we last reviewed #Brent_Crude and now, we’ve reason to suspect it needs an update. Not least in our thinking is the Blue downtrend which dates back to 2014. The close up detail is pretty important, tending to highlight the market is perfectly aware of this downtrend. As shown on the chart inset, Brent Crude bubbled up above the trend at the start of May, frothing just above the surface before being driven underground again.

From our perspective, the implication behind this behaviour is straightforward. Next time Brent exceeds the $71 level, it’s going to be difficult to avoid a cycle to an initial $76 with secondary, when exceeded, at a longer term $94. We would anticipate some hesitation, should the $94 level make an appearance.

For everything to go wrong, our alternate scenario suggests weakness below 63 could now start a drip down to a bottom of $50 eventually.

Our inclination is to view price movements in May as an early warning for gains ahead, especially as it’s quite rare for a commodity to present such a clear case for price growth. Seeing how the market chose to react, when the product bettered a 7 year trend, was quite illuminating, tending suggest any gain – if triggered – is liable to be sharp and fast, doubtless with a minimal stop loss requirement. For some reason, the internet on Thursday had a photographic deluge of people in America panic buying petrol, with folk in Florida being quite creative in their choice of container. Quite how they intend to retrieve their fuel from wheelie bins in the back of pick up trucks should prove ‘interesting’.

Hey, chart goes here

FTSE for FRIDAY (FTSE:UKX) This week, the FTSE proved as friendly as a visit to a dentist but we’re inclined to hope the reversals have ceased. Certainly, the “surprise” recovery on Thursday for the FTSE, with the market moving from 2.5% down to a negligible 0.6% down by the end of day tended to scream “bottom at 6823 points” and we should now employ blind faith for further market recovery. All kidding aside, this is our expectation but one punctuated by a suspicion there may be another fake drop first. If this proves the case, we’d hope for a bounce around the 6860 level, if only due to the FTSE falling asleep for 2.5 hours at this level during Tuesday.

We’re inclined to place a trigger level at 7010 for any recovery as movement above this level calculates as capable of an initial 7058 points with secondary, if exceeded, at 7139 points. Such movement will tend suggest the last three days were simply an illusion, creating a scenario with an underlying attraction coming from 7496 points, almost precisely the level of the FTSE before Covid-19 coughed all the toys out of the pram. There are quite a few deeper reasons to anticipate FTSE recovery and we feel the main question is the path any recovery shall take. A heck of a lot of major corporates which comprise the FTSE are triggering recovery levels, just failing to move – yet!

 

Our converse scenario occurs, if the FTSE finds an excuse to slide below 6857 points. Such a movement threatens reversal continuing to an initial 6792. If broken, our secondary calculates down at 6724 and we’d hope for a bounce at such a point.

Hey, chart goes here

Google must have emplaced some useful adverts on this page on Thursday. Again, our thanks to those folk who deemed them 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
10:48:34PM BRENT 66.94 66.37 65.66 67.27 68.46 68.815 67.97 Success
10:50:22PM GOLD 1826 1808 1803 1822 1829 1833.5 1820 ‘cess
10:53:08PM FTSE 6979.85 6909 6879 6984 6990 7038 6909 Success
10:54:50PM FRANCE 6306.8 6270 6257 6304 6317 6329 6270 Success
10:56:39PM GERMANY 15254 15138 15106 15225 15271 15297 15162 Success
10:58:52PM US500 4114 4071 4044 4133 4145 4174.5 4075 Shambles
11:02:24PM DOW 34036 33772 33670 34048 34183 34326.5 33933 ‘cess
11:04:28PM NASDAQ 13105 13007 12940 13176 13236 13283.5 13007 Shambles
11:06:39PM JAPAN 27714 27406 27304 27650 27810 28010.5 27521 Success
13/05/2021 FTSE Closed at 6963 points. Change of -0.59%. Total value traded through LSE was: £ 5,503,652,334 a change of -7.78%
12/05/2021 FTSE Closed at 7004 points. Change of 0.82%. Total value traded through LSE was: £ 5,968,278,155 a change of -15.12%
11/05/2021 FTSE Closed at 6947 points. Change of -2.47%. Total value traded through LSE was: £ 7,031,531,361 a change of 14.21%
10/05/2021 FTSE Closed at 7123 points. Change of -0.08%. Total value traded through LSE was: £ 6,156,776,739 a change of 2.81%
7/05/2021 FTSE Closed at 7129 points. Change of 0.75%. Total value traded through LSE was: £ 5,988,474,650 a change of -25.26%
6/05/2021 FTSE Closed at 7076 points. Change of 0.53%. Total value traded through LSE was: £ 8,012,209,382 a change of 24%
5/05/2021 FTSE Closed at 7039 points. Change of -100%. Total value traded through LSE was: £ 6,461,512,143 a change of 0%

 

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:CAR Carclo** **LSE:CBX Cellular Goods** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:GENL Genel** **LSE:IAG British Airways** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:OPG OPG Power Ventures** **LSE:POLY Polymetal** **LSE:RBD Reabold Resources PLC** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : AFC Energy, Asos, Carclo, Cellular Goods, Centrica, Capita, Genel, British Airways, IQE, ITM Power, OPG Power Ventures, Polymetal, Reabold Resources PLC, Taylor Wimpey,

LSE:AFC AFC Energy. Close Mid-Price: 53.7 Percentage Change: + 0.19% Day High: 54.9 Day Low: 49.3

In the event AFC Energy experiences weakness below 49.3 it calculates wit ……..

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LSE:ASC Asos Close Mid-Price: 4742 Percentage Change: -2.79% Day High: 4830 Day Low: 4650

If Asos experiences continued weakness below 4650, it will invariably lea ……..

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LSE:CAR Carclo Close Mid-Price: 66 Percentage Change: -4.07% Day High: 71 Day Low: 65

Further movement against Carclo ABOVE 71 should improve acceleration towa ……..

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LSE:CBX Cellular Goods. Close Mid-Price: 7.2 Percentage Change: + 0.00% Day High: 7.35 Day Low: 7.05

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LSE:CNA Centrica Close Mid-Price: 54.02 Percentage Change: -1.85% Day High: 54.38 Day Low: 53.42

Imminent weakness below 53.4 points at an initial 51 with secondary a bott ……..

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LSE:CPI Capita. Close Mid-Price: 41.33 Percentage Change: + 0.17% Day High: 41.44 Day Low: 39.62

If Capita experiences continued weakness below 39.62, it will invariably ……..

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LSE:GENL Genel Close Mid-Price: 153.4 Percentage Change: -12.04% Day High: 168.8 Day Low: 152.6

Weakness on Genel below 152.6 will invariably lead to 138 with secondary ……..

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LSE:IAG British Airways Close Mid-Price: 191.9 Percentage Change: -0.90% Day High: 195.58 Day Low: 185.58

Continued weakness against IAG taking the price below 185.58 calculates a ……..

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LSE:IQE IQE Close Mid-Price: 49.3 Percentage Change: -6.27% Day High: 55 Day Low: 46.8

Target met. In the event IQE experiences weakness below 46.8 it calculate ……..

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LSE:ITM ITM Power Close Mid-Price: 332 Percentage Change: -0.18% Day High: 341 Day Low: 307.6

Target met. If ITM Power experiences continued weakness below 307.6, it w ……..

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LSE:OPG OPG Power Ventures. Close Mid-Price: 17.88 Percentage Change: + 0.00% Day High: 17.88 Day Low: 17.88

This is supposed to be heading up, yet failing to do so. There’s now a cle ……..

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LSE:POLY Polymetal Close Mid-Price: 1578 Percentage Change: -2.02% Day High: 1615 Day Low: 1557

With movement above just 1650, this risks becoming of interest as growth t ……..

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LSE:RBD Reabold Resources PLC Close Mid-Price: 0.65 Percentage Change: -2.99% Day High: 0.68 Day Low: 0.64

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LSE:TW. Taylor Wimpey Close Mid-Price: 174 Percentage Change: -0.51% Day High: 175.15 Day Low: 169.75

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

Sylvania Platinum, a new song…

#Dax #Nasdaq Few things are more annoying than a song stuck in your head. Inevitably, this lot promoted “Sylvia’s Mother” by Dr Hook into the #1 position, making us wonder how long it takes employees of the company to start detesting the tune! In our review of Sylvania back in 2019 (link), we mentioned forces were at work which allowed a lunge in the direction of 61p. This was due to price movements from six years previously.

 

Obviously, with the share now trading around 140p, our goal was achieved. An awkward situation now exists as we’re forced to travel back to 1999. Thankfully an abiding dislike of the singer Prince ensured his dreadful tune with that number in the title didn’t emulate Dr Hook.

By this method, we can try and make sense of where current price movements find their inspiration. Once upon a time, the share was trading above 600p and this appears to provide the arithmetic powering current price strength, a quite extraordinary situation from our perspective. Making matters more difficult, a couple of gaps exist on the chart which circle major price adjustments where there was no trading. Something happened at the start of the 21st century, when one morning the market awoke and decided Sylvania was no longer worth 5 quid a share but instead, around 33p represented fair value.

In the period since the share price exceeded 96p, we’ve little choice but to seek inspiration from the days when it was trading at 650p. From our standpoint, this is now the only thing making sense, capable of explaining the rise to current levels.

 

Next above 151p should prove capable of bringing a visit to an initial 162p. If exceeded, our longer term secondary calculates at 218p. Above such a level, things are necessarily vague, thanks to the circled gaps and we shall prefer revisit to run the numbers again. We’ve chosen to show a long term 336p but the reality of such ambition almost needs guesswork.

 

Finally, the inset below shows a textbook case of our target levels. Earlier in 2020, the share price indeed hit – and exceeded – our target of 61p. The share price then tanked, plunging to 24p. But at the start of September 2020, the price once again attained our 61p and once the prior highs were finally beaten, a state of “higher highs” existed and the rest is history with the price languishing at 140p presently. The value of the share price would need to literally half before we’d suggest time to panic.

Hey, chart goes here

*** Writing a daily thanks to the kind folk who chose to visit adverts on this page reminds people shouldn’t be taken for granted. We’re pleased Google are obviously directing interesting content here.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:10:13PM BRENT 68.89 Success
10:16:31PM GOLD 1815 Success
10:18:46PM FTSE 6959.39
10:20:26PM FRANCE 6245.5 Shambles
10:22:46PM GERMANY 15079 15000 14969 14883 15129 15202 15226 15282 15112 ‘cess
10:25:51PM US500 4056 Success
10:29:32PM DOW 33579.8 ‘cess
10:31:52PM NASDAQ 12978 12963 12899 12736 13195 13113 13204.5 13239 12992 ‘cess
10:36:12PM JAPAN 27963

 

12/05/2021 FTSE Closed at 7004 points. Change of 0.82%. Total value traded through LSE was: £ 5,968,278,155 a change of -15.12%
11/05/2021 FTSE Closed at 6947 points. Change of -2.47%. Total value traded through LSE was: £ 7,031,531,361 a change of 14.21%
10/05/2021 FTSE Closed at 7123 points. Change of -0.08%. Total value traded through LSE was: £ 6,156,776,739 a change of 2.81%
7/05/2021 FTSE Closed at 7129 points. Change of 0.75%. Total value traded through LSE was: £ 5,988,474,650 a change of -25.26%
6/05/2021 FTSE Closed at 7076 points. Change of 0.53%. Total value traded through LSE was: £ 8,012,209,382 a change of 24%
5/05/2021 FTSE Closed at 7039 points. Change of 1.68%. Total value traded through LSE was: £ 6,461,512,143 a change of 1.02%
4/05/2021 FTSE Closed at 6923 points. Change of -100%. Total value traded through LSE was: £ 6,395,995,707 a change of 0%

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:BLVN Bowleven** **LSE:BPC Bahamas Pet** **LSE:CAR Carclo** **LSE:DGE Diageo** **LSE:GLEN Glencore Xstra** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:MRW Morrisons** **LSE:SBRY Sainsbury** **

********

Updated charts published on : Aviva, Bowleven, Bahamas Pet, Carclo, Diageo, Glencore Xstra, International Personal Finance, IQE, Morrisons, Sainsbury,

LSE:AV. Aviva. Close Mid-Price: 403.5 Percentage Change: + 0.75% Day High: 405.1 Day Low: 397.3

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LSE:BLVN Bowleven. Close Mid-Price: 4.75 Percentage Change: + 0.00% Day High: 4.75 Day Low: 4.25

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LSE:BPC Bahamas Pet. Close Mid-Price: 0.34 Percentage Change: + 5.47% Day High: 0.32 Day Low: 0.3

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LSE:CAR Carclo. Close Mid-Price: 68.8 Percentage Change: + 12.79% Day High: 70 Day Low: 58.8

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LSE:DGE Diageo. Close Mid-Price: 3298.5 Percentage Change: + 3.40% Day High: 3326 Day Low: 3251

Target met. Further movement against Diageo ABOVE 3326 should improve acc ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 333.1 Percentage Change: + 1.59% Day High: 339.25 Day Low: 329.6

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LSE:IPF International Personal Finance. Close Mid-Price: 134.4 Percentage Change: + 2.75% Day High: 136 Day Low: 129.6

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LSE:IQE IQE Close Mid-Price: 52.6 Percentage Change: -2.23% Day High: 55.6 Day Low: 52.6

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LSE:MRW Morrisons. Close Mid-Price: 184.3 Percentage Change: + 1.07% Day High: 186.45 Day Low: 183

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LSE:SBRY Sainsbury. Close Mid-Price: 259.3 Percentage Change: + 2.13% Day High: 259.9 Day Low: 253.4

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

Ferrexpo, a Geiger Counter, and Jubilee Metals walk into a bar…

#FTSE #SP500_Futures,  We like to cover shares where folk have been emailing us. Sometimes, we’ve a suspicion they might ‘know a thing or two’ with opportunities being revealed. But we flinched at being asked to investigate Geiger Counter’s potentials. The device, used to measure radiation, is probably the last thing we want to hear about, following a year with Covid-19. Another detail is Europe’s top secret nuclear weapons store just along the road from us, local wisdom strongly suggesting if we ever see anyone waving a Geiger counter around, drive fast in the opposite direction!

It transpires the company “Geiger Counter” enjoy surprising aims, to provide returns to shareholders through their investment in the exploration, development, and production of Uranium to supply the nuclear power industry, the ultimate green solution which everyone tries to pretend shall not be necessary. The organisation are not in the business of supplying radiation detectors to the paranoid here in Argyll, Scotland.

 

Geiger Counter (LSE:GCL) Their share price is showing early signs of becoming useful this year, the price now trading higher than any point in the last 9 years. Something has certainly changed with its prospects with a near term potential of above 45p bringing some movement potential to an initial 51p. However, given the share is trading at higher levels, thanks to breaking its long term downtrend, our inclination is to take a Big Picture long term approach and suggest above 45p should now enter a cycle toward an initial 56p with secondary, if exceeded, at 67p.

We can calculate beyond such a level but will prefer take another look, if our initial target levels make an appearance. For everyone to receive a good scare, the share price needs close a session below 31p as the implications become quite troubling.

Hey, chart goes here

Jubilee Metals (LSE:JLP) It’s easy to conclude Jubilee are essentially upmarket scrap dealers, given their mission statement; “Jubilee Metals Group Plc is an industry leading metal recovery business focussed on the retreatment and metals recovery from mine tailings, waste, slag, slurry and other secondary materials generated from mining operations.”

A one time addiction to watching TV documentaries covering the efforts employed in recovery of gold, either from the sea, rivers, holes in the ground, or even discarded printed circuit boards, teaches for just metal, the complex processes in use are truly impressive. In the TV series Gold Rush, one of the more successful mining companies tends to focus on tailings piles left be so called “old timer” miners with modern cleaning and sorting techniques revealing 1,000’s of ounces of gold.

Needless to say, Jubilee appear to be hunting a broad portfolio, including lead, zine, vanadium, copper, and even cobalt.

Their share price is showing some useful potentials with a near term nudge above 22p now looking capable of triggering slight movement to an initial 25p. If exceeded, our longer term secondary calculates at 33p. Above such a level, we’d prefer taking a hard look into our crystal bal as it’s prospects are quite surprising.

Presently trading around 20p, their share price needs dig below 13p to spell trouble as 8p calculates as “ultimate” bottom.

Hey, chart goes here

Ferrexpo (LSE:FXPO) The 3rd largest exporter of pellets to the global steel industry, Ferrexpo are located in Ukraine where they presumably inhabit a very big hole in the ground. Established for more than 40 years, they are London listed as members of the FTSE 250.

The share price has been making some extraordinary movements this year, the price finally choosing to accelerate beyond a roughly 3 quid glass ceiling which has been clouding things since 2011. The immediate situation feels quite optimistic, needing growth above 500p to promote the concept of travel to 533p. Our secondary is quite a surprise, calculating at a longer term 571p which will be a new all time high.

Currently trading around 480p, it requires below 277p before an investment is running shoes becomes essential!

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
10:45:41PM BRENT 68.61 Shambles
10:47:25PM GOLD 1837.7 Success
10:49:30PM FTSE 6962.07 6911 6886.5 6857 6963 6990 7007 7039 6946 Success
10:51:40PM FRANCE 6262.8 ditto
10:54:40PM GERMANY 15100 ditto
10:57:58PM US500 4145 4109 4088 4066 4159 4175 4196 4225 4146 ditto
11:01:02PM DOW 34232 ditto
11:03:55PM NASDAQ 13332 Shambles
11:06:15PM JAPAN 28542
11/05/2021 FTSE Closed at 6947 points. Change of -2.47%. Total value traded through LSE was: £ 7,031,531,361 a change of 14.21%
10/05/2021 FTSE Closed at 7123 points. Change of -0.08%. Total value traded through LSE was: £ 6,156,776,739 a change of 2.81%
7/05/2021 FTSE Closed at 7129 points. Change of 0.75%. Total value traded through LSE was: £ 5,988,474,650 a change of -25.26%
6/05/2021 FTSE Closed at 7076 points. Change of 0.53%. Total value traded through LSE was: £ 8,012,209,382 a change of 24%
5/05/2021 FTSE Closed at 7039 points. Change of 1.68%. Total value traded through LSE was: £ 6,461,512,143 a change of 1.02%
4/05/2021 FTSE Closed at 6923 points. Change of -0.66%. Total value traded through LSE was: £ 6,395,995,707 a change of -1.38%
30/04/2021 FTSE Closed at 6969 points. Change of -100%. Total value traded through LSE was: £ 6,485,673,817 a change of 0%

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:BPC Bahamas Pet** **LSE:CBX Cellular Goods** **LSE:DDDD 4D Pharma** **LSE:HIK Hikma** **LSE:IGAS Igas Energy** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:SBRY Sainsbury** **

********

Updated charts published on : AFC Energy, Asos, Bahamas Pet, Cellular Goods, 4D Pharma, Hikma, Igas Energy, International Personal Finance, IQE, ITM Power, Sainsbury,

LSE:AFC AFC Energy Close Mid-Price: 54.4 Percentage Change: -3.72% Day High: 56.1 Day Low: 50.2

Continued weakness against AFC taking the price below 50.2 calculates as ……..

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LSE:ASC Asos Close Mid-Price: 4890 Percentage Change: -2.20% Day High: 4959 Day Low: 4789

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LSE:BPC Bahamas Pet Close Mid-Price: 0.32 Percentage Change: -8.57% Day High: 0.35 Day Low: 0.31

Target met. If Bahamas Pet experiences continued weakness below 0.31, it ……..

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LSE:CBX Cellular Goods Close Mid-Price: 7.25 Percentage Change: -5.84% Day High: 7.65 Day Low: 7.08

Target met. Continued weakness against CBX taking the price below 7.08 ca ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 94.5 Percentage Change: -3.87% Day High: 98.6 Day Low: 90.3

Target met. Continued weakness against DDDD taking the price below 90.3 c ……..

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LSE:HIK Hikma Close Mid-Price: 2301 Percentage Change: -2.09% Day High: 2356 Day Low: 2277

In the event Hikma experiences weakness below 2277 it calculates with a d ……..

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LSE:IGAS Igas Energy Close Mid-Price: 20 Percentage Change: -6.98% Day High: 21.5 Day Low: 20

Target met. In the event Igas Energy experiences weakness below 20 it cal ……..

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LSE:IPF International Personal Finance Close Mid-Price: 130.8 Percentage Change: -0.76% Day High: 133 Day Low: 126.2

Further movement against International Personal Finance ABOVE 133 should ……..

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LSE:IQE IQE Close Mid-Price: 53.8 Percentage Change: -7.40% Day High: 57.4 Day Low: 53.5

Target met. Continued weakness against IQE taking the price below 53.5 ca ……..

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LSE:ITM ITM Power Close Mid-Price: 352.2 Percentage Change: -2.87% Day High: 359.6 Day Low: 325

In the event ITM Power experiences weakness below 325 it calculates with ……..

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LSE:SBRY Sainsbury Close Mid-Price: 253.9 Percentage Change: -0.86% Day High: 257 Day Low: 252.9

All Sainsbury needs are mid-price trades ABOVE 257 to improve acceleratio ……..

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

Tern Plc is Flying

#Gold_Futures #Nasdaq We reviewed venture capital firm Tern a year ago, finishing our report (link here) with the words “For now, the share looks almost ready to fly“. Alas, with the dampening effect of a pandemic, the share price spent the year waffling around but now, this Tern appears to be attempting to leave the nest and head upward. Starting the week with a 27% upward surge, some considerable hope remains viable, especially as the share price closed at a level not seen since 2018.

 

Terns speciality is to invest in companies who’re involved in the “internet of things”. Wiki’s explanation is probably as succinct as it gets; ‘The Internet of Things describes a network of physical objects (aka things) which are embedded with sensors, software, and other tech for the purpose of connecting and exchanging data with other devices and systems over the Internet’. The minds eye pictures a smart kettle, telling a smart water tap it needs filled. The kettle will also count the tea bags used, automatically ordering replacements while it secretly plans world domination in the kitchen to resolve a never ending battle with a smart dishwasher which secretly is eating plates…

Perhaps the foregoing will not prove the most ideal scenario to pitch at Tern, if begging for funds. In reality, most of us are exposed to this sort of thing with our cars, everything constantly monitored with high end vehicles even communicating directly to the factory, if a serious fault occurs. The rest of us need to tolerate a mechanic plugging in a cable from a laptop, before making the traditional sharp intake of breath.

 

Returning to the share price, whatever has provoked the rise looks interesting and when we extrapolate price movements since the downtrend was broken in March, we can calculate further gains exceeding 19.5p should make an attempt at 21.5p. This scenario for a 2p rise is pretty tame, concealing something important. If the price manages exceed 21.5p, our view regarding price influences changes dramatically. We’re now projecting above 21.5 should attempt an initial 24p with secondary, if exceeded, a longer term 33p along with almost certain hesitation.

Another facet of this acceleration potential gives a long term calculation of 68p, something which shouldn’t be taken seriously unless the share price manages to close above 33p.

 

Visually, if it all intends go wrong, the price needs crash below 10p. This would be a really bad thing as we cannot calculate an ‘ultimate’ bottom.

Hey, chart goes here

We keep the adverts to a minimum, hopefully only letting through those which may be of interest. Today was a two latte thank you day!

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:48:38PM BRENT 68.21 ‘cess
9:50:42PM GOLD 1837.37 1829 1825 1818 1839 1845 1850 1858 1836
10:09:19PM FTSE 7078 Shambles
10:11:23PM FRANCE 6342
10:13:53PM GERMANY 15325
10:16:47PM US500 4183.72 ‘cess
10:22:16PM DOW 34750 Success
10:24:22PM NASDAQ 13343 13307 13210 13029 13603 13668 13701.5 13833 13514 Success
10:26:09PM JAPAN 29223
10/05/2021 FTSE Closed at 7123 points. Change of -0.08%. Total value traded through LSE was: £ 6,156,776,739 a change of 2.81%
7/05/2021 FTSE Closed at 7129 points. Change of 0.75%. Total value traded through LSE was: £ 5,988,474,650 a change of -25.26%
6/05/2021 FTSE Closed at 7076 points. Change of 0.53%. Total value traded through LSE was: £ 8,012,209,382 a change of 24%
5/05/2021 FTSE Closed at 7039 points. Change of 1.68%. Total value traded through LSE was: £ 6,461,512,143 a change of 1.02%
4/05/2021 FTSE Closed at 6923 points. Change of -0.66%. Total value traded through LSE was: £ 6,395,995,707 a change of -1.38%
30/04/2021 FTSE Closed at 6969 points. Change of 0.11%. Total value traded through LSE was: £ 6,485,673,817 a change of 11.9%
29/04/2021 FTSE Closed at 6961 points. Change of -100%. Total value traded through LSE was: £ 5,795,996,815 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:CAR Carclo** **LSE:CCL Carnival** **LSE:CEY Centamin** **LSE:DDDD 4D Pharma** **LSE:GENL Genel** **LSE:GLEN Glencore Xstra** **LSE:HL. Hargreaves Lansdown** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:LLOY Lloyds Grp.** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **

********

Updated charts published on : Barrett Devs, BP PLC, Carclo, Carnival, Centamin, 4D Pharma, Genel, Glencore Xstra, Hargreaves Lansdown, British Airways, Igas Energy, Lloyds Grp., Rolls Royce, Sainsbury,

LSE:BDEV Barrett Devs. Close Mid-Price: 781.2 Percentage Change: + 0.08% Day High: 790.8 Day Low: 777

This is finally almost interesting, needing above 795p to build sufficient ……..

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LSE:BP. BP PLC. Close Mid-Price: 315.7 Percentage Change: + 0.69% Day High: 319.85 Day Low: 314.15

In the event of BP PLC enjoying further trades beyond 319.85, the share s ……..

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LSE:CAR Carclo. Close Mid-Price: 60.3 Percentage Change: + 9.64% Day High: 62 Day Low: 55

Target met. All Carclo needs are mid-price trades ABOVE 62 to improve acc ……..

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LSE:CCL Carnival Close Mid-Price: 1608.4 Percentage Change: -1.09% Day High: 1640.4 Day Low: 1593.2

Noticing smoke coming from 3 cruise vessels stored across from me, I guess ……..

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LSE:CEY Centamin. Close Mid-Price: 119.85 Percentage Change: + 0.67% Day High: 122.95 Day Low: 119.5

Continued trades against CEY with a mid-price ABOVE 122.95 should improve ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 98.3 Percentage Change: -4.19% Day High: 107.4 Day Low: 95

If 4D Pharma experiences continued weakness below 95, it will invariably ……..

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LSE:GENL Genel. Close Mid-Price: 179.2 Percentage Change: + 0.67% Day High: 185.4 Day Low: 177.6

Further movement against Genel ABOVE 185.4 should improve acceleration to ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 331.25 Percentage Change: + 2.63% Day High: 331.8 Day Low: 323.3

In the event of Glencore Xstra enjoying further trades beyond 331.8, the ……..

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LSE:HL. Hargreaves Lansdown. Close Mid-Price: 1772 Percentage Change: + 1.34% Day High: 1778 Day Low: 1742.5

Continued trades against HL. with a mid-price ABOVE 1778 should improve t ……..

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LSE:IAG British Airways Close Mid-Price: 209.85 Percentage Change: -1.57% Day High: 214.3 Day Low: 207.65

Further movement against British Airways ABOVE 214.3 should improve acce ……..

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LSE:IGAS Igas Energy Close Mid-Price: 21.5 Percentage Change: -10.42% Day High: 23.1 Day Low: 21.5

Target met. If Igas Energy experiences continued weakness below 21.5, it ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 47.85 Percentage Change: + 2.78% Day High: 47.93 Day Low: 46.79

All Lloyds Grp. needs are mid-price trades ABOVE 47.93 to improve acceler ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 109.68 Percentage Change: + 2.75% Day High: 110.42 Day Low: 105.16

Continued trades against RR. with a mid-price ABOVE 110.42 should improve ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 256.1 Percentage Change: + 1.95% Day High: 256.1 Day Low: 252.1

In the event of Sainsbury enjoying further trades beyond 256.1, the share ……..

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

Tumeric & Barclays Plc

#Brent #Dax_Futures An experiment while making bread brought Barclays share price to mind. Those folk who’ve tasted Gluten Free bread will be aware it tends lack flavour and once deciding bread is only a platform for “the good stuff” with butter “the glue”, ongoing efforts to make an acceptable food platform result in some truly interesting and sometimes dreadful results. The core ingredients of todays experiment were Coconut flour, Almond flour, Linseed, Salt, Pumpkin & Sunflower seeds, baking powder, and basically anything interesting which caught my eye. Even a dash of apple vinegar was included.

It transpired a couple of teaspoons of Tumeric along with some black pepper, had a surprise effect. The bread substitute, when removed from the oven, had turned a very cowardly yellow. And this reminded immediately of Barclays share price movements over the last three weeks since we last examined it. We submitted 191p as a trigger level which should promote some proper price recovery but each time Barclays share price approaches our starting point, the share turns chicken and retreats in fear. Price movements have become as boring as our efforts in trying to reinvent bread and, like our bread attempts, we fear the only thing which will make Barclays rise will be a miracle.

We’re starting to suspect the price will need gapped above 191p to make price recovery inevitable.

Above 191p now points at the potential of growth to an initial 208p with secondary, if exceeded, at 228p. But importantly, should the market discover sufficient excuse to gap the share above 208p, it’s almost certainly going to create a miracle scenario, expecting a Big Picture cycle to commence to an initial 238p with secondary, if bettered, calculating at a longer term 312p.

For everything to go as badly wrong as todays bread experiment, the share needs drift below an unlikely 152p. For Barclays, we suspect it’s all a matter of patience.

Many thanks to those who find adverts on this page of interest. You’re buying us a daily coffee!

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
2:25:02PM BRENT 68.18 67.26 66.86 65.87 68.26 68.5 68.95 69.52 67.75 ‘cess
2:29:21PM GOLD 1831.72 Success
2:37:23PM FTSE 7144 ‘cess
2:42:49PM FRANCE 6389.2
2:47:50PM GERMANY 15375 15285 15254.5 15199 15361 15421 15463.75 15555 15316 ‘cess
3:03:54PM US500 4229.62 Success
3:08:51PM DOW 34769 Success
3:15:14PM NASDAQ 13714 Success

 

7/05/2021 FTSE Closed at 7129 points. Change of 0.75%. Total value traded through LSE was: £ 5,988,474,650 a change of -25.26%
6/05/2021 FTSE Closed at 7076 points. Change of 0.53%. Total value traded through LSE was: £ 8,012,209,382 a change of 24%
5/05/2021 FTSE Closed at 7039 points. Change of 1.68%. Total value traded through LSE was: £ 6,461,512,143 a change of 1.02%
4/05/2021 FTSE Closed at 6923 points. Change of -0.66%. Total value traded through LSE was: £ 6,395,995,707 a change of -1.38%
30/04/2021 FTSE Closed at 6969 points. Change of 0.11%. Total value traded through LSE was: £ 6,485,673,817 a change of 11.9%
29/04/2021 FTSE Closed at 6961 points. Change of -0.03%. Total value traded through LSE was: £ 5,795,996,815 a change of 1.77%
28/04/2021 FTSE Closed at 6963 points. Change of 0.27%. Total value traded through LSE was: £ 5,695,013,979 a change of 9.25%

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:CAR Carclo** **LSE:CEY Centamin** **LSE:DDDD 4D Pharma** **LSE:EZJ EasyJet** **LSE:GLEN Glencore Xstra** **LSE:HL. Hargreaves Lansdown** **LSE:IAG British Airways** **LSE:IPF International Personal Finance** **LSE:ITM ITM Power** **LSE:NG. National Glug** **LSE:QFI Quadrise** **

********

Updated charts published on : AFC Energy, Asos, Carclo, Centamin, 4D Pharma, EasyJet, Glencore Xstra, Hargreaves Lansdown, British Airways, International Personal Finance, ITM Power, National Glug, Quadrise,

LSE:AFC AFC Energy. Close Mid-Price: 60.2 Percentage Change: + 11.07% Day High: 60.5 Day Low: 50.9

Weakness on AFC Energy below 50.9 will invariably lead to 45 with seconda ……..

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LSE:ASC Asos Close Mid-Price: 4943 Percentage Change: -1.30% Day High: 5080 Day Low: 4893

Continued weakness against ASC taking the price below 4893 calculates as ……..

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LSE:CAR Carclo. Close Mid-Price: 55 Percentage Change: + 17.27% Day High: 55 Day Low: 45.5

Continued trades against CAR with a mid-price ABOVE 55 should improve the ……..

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LSE:CEY Centamin. Close Mid-Price: 119.05 Percentage Change: + 2.19% Day High: 119.9 Day Low: 116.65

Target met. All Centamin needs are mid-price trades ABOVE 119.9 to improv ……..

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LSE:DDDD 4D Pharma. Close Mid-Price: 102.6 Percentage Change: + 0.59% Day High: 105 Day Low: 99.1

In the event 4D Pharma experiences weakness below 99.1 it calculates with ……..

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LSE:EZJ EasyJet. Close Mid-Price: 1095 Percentage Change: + 5.64% Day High: 1095 Day Low: 1034.5

In the event of EasyJet enjoying further trades beyond 1095, the share sh ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 322.75 Percentage Change: + 3.35% Day High: 323.45 Day Low: 311.2

Further movement against Glencore Xstra ABOVE 323.45 should improve accel ……..

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LSE:HL. Hargreaves Lansdown. Close Mid-Price: 1748.5 Percentage Change: + 1.42% Day High: 1756.5 Day Low: 1727

Further movement against Hargreaves Lansdown ABOVE 1756.5 should improve ……..

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LSE:IAG British Airways. Close Mid-Price: 213.2 Percentage Change: + 3.00% Day High: 212.55 Day Low: 203.85

Continued trades against IAG with a mid-price ABOVE 212.55 should improve ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 129.4 Percentage Change: + 1.89% Day High: 132.4 Day Low: 127

Continued trades against IPF with a mid-price ABOVE 132.4 should improve ……..

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LSE:ITM ITM Power. Close Mid-Price: 390.4 Percentage Change: + 13.55% Day High: 393.8 Day Low: 330.2

Continued weakness against ITM taking the price below 330.2 calculates as ……..

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LSE:NG. National Glug Close Mid-Price: 931.7 Percentage Change: -0.22% Day High: 940.4 Day Low: 924.7

Target met. All National Glug needs are mid-price trades ABOVE 940.4 to i ……..

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LSE:QFI Quadrise Close Mid-Price: 5.55 Percentage Change: -9.02% Day High: 6.1 Day Low: 5.5

Further movement against Quadrise ABOVE 6.7 should improve acceleration to ……..

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

FTSE for Friday & Australia too

Wincing while making a report on a dead parrot, starts to feel different this week. Maybe, there is a faint heartbeat from the #FTSE, the UK’s resident deceased avian! It’s worth remembering we’re still awaiting the UK reaching the starting point where the index can reasonably be expected to move from recovery to growth. As this level is around 7,550 points, with the FTSE now at 7,076 points, there remains distance to travel until the UK reaches “the starting point”.

As most other countries have been trading above their pre-pandemic highs for some time, we can hope the FTSE discovers sufficient strength to reach the start line fairly fast. For instance, Wall St kicked things off last year in November, Germany celebrated the start of 2021 by finally passing its pre-Covid high, and even France joined the party at the start of April. The Australian market, the ASX 200 is currently prowling seductively at the starting line and we’re curious how long it shall take to “kick off”, experiencing a surge toward the 7,850 level. At time of writing, Australia is trading around 7,100 points and a 10% rise will prove worthwhile, confirming a desire to attain new all time highs.

Hey, chart goes here

To return to the FTSE, we still need search for strength capable of bringing the UK up to the 7,550 level. As always, please remember we are discussing the real time market and NOT after hours futures!

The index closed Thursdays session at 7,076, needing above just 7,088 to trigger a cycle toward an initial 7,125 points. If exceeded, we calculate a secondary at 7,182 as a viable ambition. If triggered, the tightest stop is painfully wide at 7,000 points.

Despite these targets obviously falling far short of our growth trigger of 7,550, an interesting aspect of the calculations is our secondary level. In the event the UK finds reason to trade above this 7,182 level, the market hits a Big Picture trigger level, one which should promote a longer term concept of growth to 7,719 points with secondary, if bettered, a very sane looking 8,069 points. This will suffice to confirm the FTSE moving into the future with other grown up markets.

The converse argument continues to recede, now requiring the FTSE below 6,760 points for concern, along with sharp reversal potential to 6,265 points.

Hey, chart goes here

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:23:07PM BRENT 68.18 67.81 67.36 68.8 69.06 69.305 68.2 ‘cess
9:24:51PM GOLD 1814.89 1787 1776 1798 1818 1828.5 1790 Success
9:27:53PM FTSE 7103 7025 7001 7061 7106 7129.5 7074 ‘cess
9:29:56PM FRANCE 6384 6317 6300 6343 6384 6392 6352 ‘cess
9:33:05PM GERMANY 15226 15089 15039.5 15186 15275 15303.5 15176 ‘cess
10:14:26PM US500 4199.97 4166 4155.5 4186 4202 4207.5 4166 ‘cess
10:18:39PM DOW 34546 34450 34402.5 34557 34560 34609 34450 Shambles
10:26:19PM NASDAQ 13612 13399 13319.5 13550 13622 13700 13472 ‘cess
10:29:17PM JAPAN 29323 29162 29091 29323 29427 29553.5 29200 Success

6/05/2021 FTSE Closed at 7076 points. Change of 0.53%. Total value traded through LSE was: £ 8,012,209,382 a change of 24%
5/05/2021 FTSE Closed at 7039 points. Change of 1.68%. Total value traded through LSE was: £ 6,461,512,143 a change of 1.02%
4/05/2021 FTSE Closed at 6923 points. Change of -0.66%. Total value traded through LSE was: £ 6,395,995,707 a change of -1.38%
30/04/2021 FTSE Closed at 6969 points. Change of 0.11%. Total value traded through LSE was: £ 6,485,673,817 a change of 11.9%
29/04/2021 FTSE Closed at 6961 points. Change of -0.03%. Total value traded through LSE was: £ 5,795,996,815 a change of 1.77%
28/04/2021 FTSE Closed at 6963 points. Change of 0.27%. Total value traded through LSE was: £ 5,695,013,979 a change of 9.25%
27/04/2021 FTSE Closed at 6944 points. Change of -100%. Total value traded through LSE was: £ 5,212,742,605 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:ASC Asos** **LSE:BLOE Block Energy PLC** **LSE:CAR Carclo** **LSE:DDDD 4D Pharma** **LSE:GLEN Glencore Xstra** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:ITV ITV** **LSE:NG. National Glug** **LSE:VEC Vectura** **LSE:VOD Vodafone** **

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Updated charts published on : AFC Energy, Asos, Block Energy PLC, Carclo, 4D Pharma, Glencore Xstra, IQE, ITM Power, ITV, National Glug, Vectura, Vodafone,

LSE:AFC AFC Energy Close Mid-Price: 54.2 Percentage Change: -6.71% Day High: 56.6 Day Low: 52.9

If AFC Energy experiences continued weakness below 52.9, it will invariab ……..

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LSE:ASC Asos Close Mid-Price: 5008 Percentage Change: -3.40% Day High: 5232 Day Low: 4932

Weakness on Asos below 4932 will invariably lead to 4326 with secondary, ……..

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LSE:BLOE Block Energy PLC Close Mid-Price: 2.7 Percentage Change: -3.57% Day High: 2.85 Day Low: 2.6

All Block Energy PLC needs are mid-price trades ABOVE 2.85 to improve acc ……..

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LSE:CAR Carclo. Close Mid-Price: 46.9 Percentage Change: + 12.74% Day High: 47 Day Low: 42

Target met. Further movement against Carclo ABOVE 47 should improve accel ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 102 Percentage Change: -7.78% Day High: 110.6 Day Low: 101.4

Weakness on 4D Pharma below 101.4 will invariably lead to 92 with seconda ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 312.3 Percentage Change: + 0.77% Day High: 312 Day Low: 306.4

All Glencore Xstra needs are mid-price trades ABOVE 312 to improve accele ……..

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LSE:IQE IQE Close Mid-Price: 54.6 Percentage Change: -3.02% Day High: 56.7 Day Low: 54.1

Weakness on IQE below 54.1 will invariably lead to 53 with secondary (if ……..

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LSE:ITM ITM Power Close Mid-Price: 343.8 Percentage Change: -17.47% Day High: 406.6 Day Low: 342

Target met. Weakness on ITM Power below 342 will invariably lead to 323 w ……..

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LSE:ITV ITV Close Mid-Price: 125.5 Percentage Change: -1.53% Day High: 129.9 Day Low: 124.8

All ITV needs are mid-price trades ABOVE 129.9 to improve acceleration to ……..

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LSE:NG. National Glug. Close Mid-Price: 933.8 Percentage Change: + 2.60% Day High: 932.6 Day Low: 915.2

Target met. In the event of National Glug enjoying further trades beyond ……..

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LSE:VEC Vectura. Close Mid-Price: 116.6 Percentage Change: + 2.46% Day High: 120 Day Low: 114.6

All Vectura needs are mid-price trades ABOVE 120 to improve acceleration ……..

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LSE:VOD Vodafone. Close Mid-Price: 142.02 Percentage Change: + 1.05% Day High: 142.24 Day Low: 139.54

In the event of Vodafone enjoying further trades beyond 142.24, the share ……..

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