Natwest Group Plc and Sleeping Beauty

#BrentCrude #WallSt Except for the stock markets, there’s a lot to be said for “nothing really happening” as we’re all in favour of a bit of peace and quiet, especially following the unpleasant year we’ve all experienced. Unfortunately, the FTSE 100 remains a fully paid up member of “The Lethargy Club” and this boredom has encompassed unpleasant numbers of shares. Thankfully, with the FTSE, the last week has given early warning for a change in fortunes and with Natwest, perhaps we should see the bank share price finally do something interesting.

The core issue with Natwest took place 6 weeks ago, a triggering movement which thus far has produced nothing. This has been so utterly frustrating we’re still featuring our irritation in this, our 3rd analysis since March 7th 2021. Despite moaning we’re not great with timeframes, it has been very frustrating witnessing the rest of the world enjoy stock markets which perform according to logic while in the UK, we’re a stock market which models itself after “The Sleeping Beauty”. We should maybe console ourselves with the sentiment, ‘while nothing good has happened, neither has anything bad’.

  NATW

Our immediate hope comes from easing of many UK Lockdown restrictions from 26th April. Perhaps this, finally, shall provide an excuse for the UK primary market to wake up and dance (or whatever Sleeping Beauty did) as we can calculate some interesting potentials from a Big Picture perspective, along with a fascinating near term ambition.

For Natwest share price, next above 201p remains with a hope for 212p next, this number fascinating us since March. The bank share price has done nothing to dispel the notion, just joylessly failed to make the final step to our target level.

What sparks our interest comes should the movement to 212p occur as this risks a cascade effect. Or at least, it would if the UK market opts to follow the examples being set in France, Germany, the USA, Japan, Australia, etc. Achieving 212p should prove important to The Big Picture, triggering a longer term cycle toward 251p with a longer term main attraction residing at 307p. It’s not often we can present a scenario for a retail bank which gives the prospect of 50% growth. If it were not for the visuals on the chart below, our inclination would be to distrust the game plan as a pipe dream.

At time of writing, the share is trading around 194p. The price needs below 183p to give reason for panic, allowing weakness to an initial 171p with secondary, if broken, a scary looking 141p.

***Yet again, our thanks to those who find the adverts on this page interesting. Every click makes a difference and we can avoid writing ‘clickbait’ cliches!

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FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:50:09PM BRENT 65.48 64.59 63.8 62.53 65.67 65.76 66.06 66.71 65
9:52:42PM GOLD 1777.46 ‘cess
9:54:31PM FTSE 6923.79
10:02:43PM FRANCE 6251 Shambles
10:04:56PM GERMANY 15267.96 ‘cess
10:06:55PM US500 4178.37 ‘cess
10:09:34PM DOW 34040 33951 33884.5 33793 34056 34080 34162.25 34226 33980 ‘cess
10:11:50PM NASDAQ 13936.74 ‘cess
10:14:16PM JAPAN 29166
23/04/2021 FTSE Closed at 6938 points. Change of 0%. Total value traded through LSE was: £ 4,560,582,809 a change of -19.42%
22/04/2021 FTSE Closed at 6938 points. Change of 0.62%. Total value traded through LSE was: £ 5,660,042,698 a change of 11.95%
21/04/2021 FTSE Closed at 6895 points. Change of 0.52%. Total value traded through LSE was: £ 5,055,857,470 a change of -18.68%
20/04/2021 FTSE Closed at 6859 points. Change of -2.01%. Total value traded through LSE was: £ 6,216,900,407 a change of 19.04%
19/04/2021 FTSE Closed at 7000 points. Change of -0.27%. Total value traded through LSE was: £ 5,222,332,197 a change of -24.15%
16/04/2021 FTSE Closed at 7019 points. Change of 0.52%. Total value traded through LSE was: £ 6,885,119,827 a change of 21.21%
15/04/2021 FTSE Closed at 6983 points. Change of 0.63%. Total value traded through LSE was: £ 5,680,355,568 a change of 19.55%

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

The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:BPC Bahamas Pet** **LSE:EME Empyrean** **LSE:FGP Firstgroup** **LSE:ITRK Intertek** **LSE:NG. National Glug** **LSE:PMG Parkmead** **LSE:QFI Quadrise** **LSE:WTG Watchstone** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Aston Martin, Asos, Bahamas Pet, Empyrean, Firstgroup, Intertek, National Glug, Parkmead, Quadrise, Watchstone, Zoo Digital,

LSE:AML Aston Martin Close Mid-Price: 1956 Percentage Change: -0.69% Day High: 1968.5 Day Low: 1930

This seems to be flatlining but realistically, the price needs below 1795 ……..

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LSE:ASCLSE:ASC Asos. Close Mid-Price: 5314 Percentage Change: + 1.07% Day High: 5328 Day Low: 5176

Next below 4965 should indicate problems, allowing ongoing weakness to an ……..

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LSE:BPC Bahamas Pet Close Mid-Price: 0.4 Percentage Change: -24.19% Day High: 0.48 Day Low: 0.38

Continued weakness against BPC taking the price below 0.38 calculates as ……..

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LSE:EMELSE:EME Empyrean. Close Mid-Price: 5.95 Percentage Change: + 5.31% Day High: 5.95 Day Low: 5.4

In the event of Empyrean enjoying further trades beyond 5.95, the share s ……..

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LSE:FGPLSE:FGP Firstgroup. Close Mid-Price: 88.9 Percentage Change: + 4.47% Day High: 101.3 Day Low: 88.55

Target met. All Firstgroup needs are mid-price trades ABOVE 101.3 to impr ……..

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LSE:ITRKLSE:ITRK Intertek. Close Mid-Price: 6198 Percentage Change: + 0.98% Day High: 6266 Day Low: 6112

Continued trades against ITRK with a mid-price ABOVE 6266 should improve ……..

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LSE:NG. National Glug Close Mid-Price: 903.5 Percentage Change: -1.26% Day High: 918 Day Low: 899.5

Further movement against National Glug ABOVE 918 should improve accelerat ……..

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LSE:PMGLSE:PMG Parkmead. Close Mid-Price: 48.15 Percentage Change: + 6.76% Day High: 49 Day Low: 47.1

In the event of Parkmead enjoying further trades beyond 49, the share sho ……..

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LSE:QFI Quadrise Close Mid-Price: 4.04 Percentage Change: -6.05% Day High: 4.36 Day Low: 3.91

In the event of Quadrise enjoying further trades beyond 4.36, the share s ……..

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LSE:WTG Watchstone Close Mid-Price: 51.1 Percentage Change: -4.66% Day High: 52.6 Day Low: 50.2

Target met. In the event Watchstone experiences weakness below 50.2 it ca ……..

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LSE:ZOOLSE:ZOO Zoo Digital. Close Mid-Price: 129.5 Percentage Change: + 1.57% Day High: 132.5 Day Low: 127.5

Target met. All Zoo Digital needs are mid-price trades ABOVE 132.5 to imp ……..

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

Our world famous FTSE for FRIDAY

#FTSE #Gold A few weeks can make a heck of a difference. Both are the same scene, the ‘only’ difference being an absence of Scotland’s usual grotty weather causing the 7 mtr garden waterfall to dry out. What was revealed, uniform rows of leafy moss hugging the cliff face, able to survive the worst of our climate here in Argyll.

The FTSE, on the other hand, is proving less than interesting and the 20 point trading range experienced during most of Thursday justified spending the day clearing vegetation from the stream, rather than watching the markets. The day felt similar to one of those “pretend” sessions, when London is scheduled to close at 12.30pm prior to a holiday and the market grudgingly goes through the motions. It was only with an hour of trade left did the index suddenly discover an ability to rise by a further lacklustre 20 points.

Hey, chart goes here

Hey, chart goes here

Unlike the waterfall snapshots, The FTSE, exhibits remarkably consistent behaviour. The two charts above highlight a remarkable lack of interesting behaviour, making us experience a mental transition from “is today the day” to “what’s the point, I’m going to clear the waterfall” and this sort of thing becomes a vicious circle, begging the question; “are people losing interest in the UK market?” The immediate situation has seen many triggering movements across members of the FTSE 100 but the lack of follow through is proving quite dismaying. In plain English, many shares should be going up yet failing to do so. We take some hope from the UK Aim market as it continues to outperform the FTSE and at 1,264 points, it’s 300 points above the high achieved before the Covid-19 drop. The FTSE 100, at 6938 points, is still languishing 560 points BELOW the pre Covid-19 high.

Perhaps naively, we’ve constantly expected “today will be the day”, constantly been let down, and we’re losing faith. Of course, the point at which the UK decides to play catch up will invariably occur when the maximum number of folk at looking elsewhere! The immediate situation with the FTSE now suggests the index requires exceed 7,125 points to make proper recovery almost impossible to avoid.

FTSE for FRIDAY

If we indulge our favourite scenario, a hunt for early signs of strength, above 6,960 points is now supposed to provoke the FTSE to attempt 6,995 points. Given recent conditions, we cannot sniff at the 35 point rise potential, even with the tightest stop looking like 6,900 points.

In the event 6,995 is exceeded, this gives the first hint of strength, especially as our secondary calculates at 7,055 points, placing the index solidly in a zone where an attempt at our Big Picture trigger level 7,125 can be expected. Visually, there are many suggestions the FTSE is about to experience some weakness and as a result, we’re curious as to whether “now is the time?”

 

If things intend go wrong, below 6,903 looks troubling, capable of sparking reversal down to an initial 6,873 points. If broken, our secondary calculates at 6,851 and the prospect of some sort of rebound. The implication should such a level break is the market finding a bottom around 6,785 points.

Have a good weekend. Us, by working on the waterfall, we’ve ticked off a nasty chore, so shall enjoy the good weather and do sod all…

*** And yet again, many thanks to those who find the adverts on this page interesting.

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
10:13:54PM BRENT 65.13 64.11 63.8 64.97 65.8 66.015 64.51
10:15:54PM GOLD 1784.49 1777 1773.5 1788 1796 1802.5 1783
10:18:18PM FTSE 6905.87 6879 6856.5 6923 6941 6950 6885
10:27:15PM FRANCE 6239.8 6234 6221 6258 6265 6285 6239 Success
10:31:30PM GERMANY 15250 15210 15177.5 15270 15338 15369 15249 ‘cess
10:33:44PM US500 4137.17 4122 4112 4146 4179 4188.75 4154 Shambles
10:35:41PM DOW 33826 33715 33562 33875 34069 34099.5 33850 Success
10:37:36PM NASDAQ 13780 13713 13676.5 13803 13895 13942.5 13764
10:40:17PM JAPAN 28906 28782 28671.5 28982 29207 29291 29020 Success
22/04/2021 FTSE Closed at 6938 points. Change of 0.62%. Total value traded through LSE was: £ 5,660,042,698 a change of 11.95%
21/04/2021 FTSE Closed at 6895 points. Change of 0.52%. Total value traded through LSE was: £ 5,055,857,470 a change of -18.68%
20/04/2021 FTSE Closed at 6859 points. Change of -2.01%. Total value traded through LSE was: £ 6,216,900,407 a change of 19.04%
19/04/2021 FTSE Closed at 7000 points. Change of -0.27%. Total value traded through LSE was: £ 5,222,332,197 a change of -24.15%
16/04/2021 FTSE Closed at 7019 points. Change of 0.52%. Total value traded through LSE was: £ 6,885,119,827 a change of 21.21%
15/04/2021 FTSE Closed at 6983 points. Change of 0.63%. Total value traded through LSE was: £ 5,680,355,568 a change of 19.55%
14/04/2021 FTSE Closed at 6939 points. Change of 0.71%. Total value traded through LSE was: £ 4,751,574,999 a change of -6.5%

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

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

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

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

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

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

The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!

Click Epic to jump to share: LSE:CEY Centamin** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:EXPN Experian** **LSE:HSBA HSBC** **LSE:ITRK Intertek** **LSE:NG. National Glug** **LSE:VEC Vectura** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Centamin, Diageo, Empyrean, Experian, HSBC, Intertek, National Glug, Vectura, Zoo Digital,

LSE:CEYLSE:CEY Centamin. Close Mid-Price: 117.4 Percentage Change: + 2.44% Day High: 118.55 Day Low: 115

Further movement against Centamin ABOVE 118.55 should improve acceleratio ……..

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LSE:DGELSE:DGE Diageo. Close Mid-Price: 3316.5 Percentage Change: + 2.74% Day High: 3319 Day Low: 3239.5

Continued trades against DGE with a mid-price ABOVE 3319 should improve t ……..

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LSE:EMELSE:EME Empyrean. Close Mid-Price: 5.65 Percentage Change: + 10.78% Day High: 5.65 Day Low: 5.1

All Empyrean needs are mid-price trades ABOVE 5.65 to improve acceleratio ……..

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LSE:EXPNLSE:EXPN Experian. Close Mid-Price: 2771 Percentage Change: + 3.05% Day High: 2793 Day Low: 2689

In the event of Experian enjoying further trades beyond 2793, the share s ……..

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LSE:HSBA HSBC Close Mid-Price: 415.5 Percentage Change: -0.08% Day High: 416.1 Day Low: 412.15

Continued weakness against HSBA taking the price below 412.15 calculates ……..

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LSE:ITRKLSE:ITRK Intertek. Close Mid-Price: 6138 Percentage Change: + 1.52% Day High: 6156 Day Low: 6020

All Intertek needs are mid-price trades ABOVE 6156 to improve acceleratio ……..

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LSE:NG.LSE:NG. National Glug. Close Mid-Price: 915 Percentage Change: + 1.21% Day High: 917.5 Day Low: 904

All National Glug needs are mid-price trades ABOVE 917.5 to improve accel ……..

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LSE:VEC Vectura Close Mid-Price: 113.6 Percentage Change: -0.53% Day High: 116.6 Day Low: 113

The share needs a miracle above 118 to suggest optimism, giving 123 as ini ……..

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LSE:ZOOLSE:ZOO Zoo Digital. Close Mid-Price: 127.5 Percentage Change: + 4.94% Day High: 127.5 Day Low: 121.5

Further movement against Zoo Digital ABOVE 127.5 should improve accelerat ……..

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

Bahamas Petroleum Company, time in the sun?

#DAX_Futures #SP500_Futures While we enjoy Caribbean skies here in Argyll (but with Arctic temperatures) our thoughts turned to Bahamas Petroleum, a company who operate in some of the most desirable holiday destinations with a range of offshore exploration, appraisal, development and production assets and licences. They even operate on the land in Trinidad. Their share price has behaved badly over the last 5 years, now trading in a zone where we cannot calculate a bottom.

The important thing is, the share remains trading and perhaps the current upward volatility in the price of crude shall finally extend some grace to Bahama’s price movements. The share price has been trading at a pretty accurate bottom level just above 0.4p since February. While there has not been a convincing bounce, we are impressed at the effort employed to keep the share trading above 0.4p, hopefully an attempt to avoid creating an ‘Elvis has left the Building’ moment.

 

All we ask is for the price to almost double from current (0.525) as this should justify close attention, thanks to some strong acceleration potentials. Above 0.91p should prove capable of triggering recovery to an initial 1.37 with secondary, if exceeded, at 2.31p. At this level, things certainly have the opportunity to become exciting as arithmetically, the shares highs of 10 years ago could easily provoke strong growth, especially if price acceleration occurs due to positive news flow from the company. We’ve shown the various target levels on the chart, absolutely none of which appear viable currently but with closure above 0.91p, this ‘risks’ entering a cycle with 14p as an attractive eventual point of interest.

Obviously, we’re biased as we love the Bahama’s or indeed, anywhere warmer than Scotland at present.

***Once again, sincere thanks to the folk finding the adverts on this page fascinating. On Wednesday, enjoyed a free latte!

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
8:58:10PM BRENT 64.58 ‘cess
9:00:27PM GOLD 1795 Success
9:03:26PM FTSE 6931 Shambles
9:55:43PM FRANCE 6237 Success
10:02:48PM GERMANY 15234 15163 15130 15002 15264 15255 15280.5 15350 15211 Shambles
10:04:51PM US500 4163.52 4119 4094.5 4068 4140 4175 4181 4195 4154 Success
10:07:20PM DOW 34091 ‘cess
10:16:05PM NASDAQ 13905 Shambles
10:19:38PM JAPAN 28849 Success
21/04/2021 FTSE Closed at 6895 points. Change of 0.52%. Total value traded through LSE was: £ 5,055,857,470 a change of -18.68%
20/04/2021 FTSE Closed at 6859 points. Change of -2.01%. Total value traded through LSE was: £ 6,216,900,407 a change of 19.04%
19/04/2021 FTSE Closed at 7000 points. Change of -0.27%. Total value traded through LSE was: £ 5,222,332,197 a change of -24.15%
16/04/2021 FTSE Closed at 7019 points. Change of 0.52%. Total value traded through LSE was: £ 6,885,119,827 a change of 21.21%
15/04/2021 FTSE Closed at 6983 points. Change of 0.63%. Total value traded through LSE was: £ 5,680,355,568 a change of 19.55%
14/04/2021 FTSE Closed at 6939 points. Change of 0.71%. Total value traded through LSE was: £ 4,751,574,999 a change of -6.5%
13/04/2021 FTSE Closed at 6890 points. Change of 0.01%. Total value traded through LSE was: £ 5,082,010,354 a change of 5.4%

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

The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!

Click Epic to jump to share: LSE:DGE Diageo** **LSE:EZJ EasyJet** **LSE:HSBA HSBC** **LSE:NG. National Glug** **LSE:ODX Omega Diags** **LSE:PMG Parkmead** **LSE:SCLP Scancell** **LSE:VOD Vodafone** **LSE:WTG Watchstone** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Diageo, EasyJet, HSBC, National Glug, Omega Diags, Parkmead, Scancell, Vodafone, Watchstone, Zoo Digital,

LSE:DGELSE:DGE Diageo. Close Mid-Price: 3228 Percentage Change: + 0.92% Day High: 3252.5 Day Low: 3193.5

All Diageo needs are mid-price trades ABOVE 3252.5 to improve acceleratio ……..

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LSE:EZJLSE:EZJ EasyJet. Close Mid-Price: 966.2 Percentage Change: + 3.38% Day High: 971 Day Low: 933.4

In theory, optimism should rule here aside from the troubling detail the s ……..

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LSE:HSBA HSBC Close Mid-Price: 415.85 Percentage Change: -0.34% Day High: 419.3 Day Low: 413.45

In the event HSBC experiences weakness below 413.45 it calculates with a ……..

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LSE:NG. National Glug Close Mid-Price: 904.1 Percentage Change: -0.79% Day High: 913.8 Day Low: 903.2

In the event of National Glug enjoying further trades beyond 913.8, the s ……..

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LSE:ODX Omega Diags Close Mid-Price: 71 Percentage Change: -2.74% Day High: 74 Day Low: 69

In the event Omega Diags experiences weakness below 69 it calculates with ……..

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LSE:PMGLSE:PMG Parkmead. Close Mid-Price: 44.2 Percentage Change: + 12.33% Day High: 47 Day Low: 41.3

Target met. Further movement against Parkmead ABOVE 47 should improve acc ……..

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LSE:SCLPLSE:SCLP Scancell. Close Mid-Price: 22.75 Percentage Change: + 0.00% Day High: 22.75 Day Low: 22.5

This is behaving like a victim of the hiatus effecting many in the UK mark ……..

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LSE:VODLSE:VOD Vodafone. Close Mid-Price: 132.84 Percentage Change: + 1.03% Day High: 133.42 Day Low: 131.88

This is another member of the jolly pack of shares which should be heading ……..

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LSE:WTG Watchstone Close Mid-Price: 52.2 Percentage Change: -3.15% Day High: 54.8 Day Low: 52.2

Continued weakness against WTG taking the price below 52.2 calculates as ……..

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LSE:ZOOLSE:ZOO Zoo Digital. Close Mid-Price: 121.5 Percentage Change: + 4.74% Day High: 121.5 Day Low: 117

Continued trades against ZOO with a mid-price ABOVE 121.5 should improve ……..

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

BT Group Plc, a wrong number?

#CAC40 #NK225 For some reason, our local petrol station attracts a diverse range of staff with surprising interests. The mental scars from making a mistake, asking “what you’re reading” revealed a lady hooked on ‘literary’ porn since buying “Shades of Grey”. She could – and did – talk about it relentlessly. One of the guys recently asked “what do you think of Zoomedica? (AMEX:ZOM) They’re a US company, specialising in diagnostics for animals. His girlfriend came across them while viewing something called ‘The Tiger King’. It was certainly clever product placement as the chap opted to buy shares at around the $2.2 level. Somehow or other, I remembered to run the numbers against the share and next time in the shop, reported the bad news it looked like reversing to $0.84. Thankfully, he’d not taken a heavy investment and the conversation (and share) was forgotten.

A few minutes ago, popping in to refuel, the guy was on duty, itching to report his holding was now worth less than half and how the heck could I know a company, previously never heard of, in a different continent, was going to suffer so badly in the months ahead. The App on his phone was reporting Zoomedica as trading at $0.83 dollars while we were talking and he was both impressed and quite agitated, still to learn to adopt stoic behaviour when trading the market. The lies we tell ourselves, “It’s a long term hold”, “it was just playtime money”, and the classic “guys on the internet say the company is about to release important news. Just wait!”, were doubtless queuing in his brain. Perhaps the real world experience of being caught up in hype from an internet chatroom (Reddit) providing the only research carried out will make the experience a cheap lesson. Who knows, there may even be a miracle in the offing as there’s a strong reason to anticipate a bounce around the current level. Any bounce capable of exceeding $1.60 will force a hard look at the share and we may even cover it here, due to the potential of a longer term $4.3 making an appearance.

 

This, of course, has absolutely nothing to do with BT Group, other than illustrate an example of us running analysis, then putting it out of our minds. We last reviewed BT Group 2 years ago (link) on 9th April 2019. It was trading around 223p, our report gave criteria for reversal to 99p. Despite checking BT daily for clients, we’d completely forgotten our public report and discovered the share price indeed hit our target last year, bouncing in the most lacklustre fashion in the period since. Our inclination is now toward some optimism for the future thanks to the share price now breaking through the five year downtrend and attempting to paint a series of higher highs.

The immediate situation with BT is fairly straightforward, the share price (presently trading around 153p) needing exceed 158p as this should trigger some price growth to an initial 176p. If exceeded, our longer term secondary is a bit confusing. It’s either 182p or 200p depending on which series of calculations we believe. Essentially, should 176p be exceeded in the course of normal trading, ongoing traffic to 182p makes sense. However, should 176p be exceeded thanks to some positive news, the share price could sharply accelerate to 200p. It’s pretty unusual to face this type of numeric calamity and it’s thanks to the share price opting to remain fascinated with the 99p level for six months last year.

Visually, there’s a pretty strong argument favouring some hesitation, if the 200p level ever makes an appearance and we’d certainly prefer running the numbers again at such a point.

Finally, if BT decides to dial the wrong number, below 99p risks trauma with a probable visit to 86p, a short lived bounce, then a visit to 42p as the ultimate bottom we can calculate. Needless to say, we’ve already forgotten that secondary ambition!

*** It’s easy to suspect our article on Argo for Tuesday didn’t impress the folk who’ve been finding the adverts on this page interesting. Perhaps BT will ring the right bells!

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
10:20:26PM BRENT 65.8 Success
10:30:15PM GOLD 1778.98
10:34:02PM FTSE 6873.52 Success
10:36:32PM FRANCE 6161.8 6144 6128.5 6066 6192 6177 6184 6197 6157 Success
10:40:31PM GERMANY 15141 Success
10:43:09PM US500 4129.92 Success
10:45:49PM DOW 33833 Success
10:48:16PM NASDAQ 13749 ‘cess
10:51:35PM JAPAN 28578 28512 28090 27969 28675 28690 28758 28840 28526 Success
20/04/2021 FTSE Closed at 6859 points. Change of -2.01%. Total value traded through LSE was: £ 6,216,900,407 a change of 19.04%
19/04/2021 FTSE Closed at 7000 points. Change of -0.27%. Total value traded through LSE was: £ 5,222,332,197 a change of -24.15%
16/04/2021 FTSE Closed at 7019 points. Change of 0.52%. Total value traded through LSE was: £ 6,885,119,827 a change of 21.21%
15/04/2021 FTSE Closed at 6983 points. Change of 0.63%. Total value traded through LSE was: £ 5,680,355,568 a change of 19.55%
14/04/2021 FTSE Closed at 6939 points. Change of 0.71%. Total value traded through LSE was: £ 4,751,574,999 a change of -6.5%
13/04/2021 FTSE Closed at 6890 points. Change of 0.01%. Total value traded through LSE was: £ 5,082,010,354 a change of 5.4%
12/04/2021 FTSE Closed at 6889 points. Change of -0.38%. Total value traded through LSE was: £ 4,821,423,252 a change of -22.92%

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

The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!

Click Epic to jump to share: LSE:AGM Applied Graphene** **LSE:AVCT Avacta** **LSE:CPI Capita** **LSE:GKP Gulf Keystone** **LSE:HSBA HSBC** **LSE:NG. National Glug** **LSE:ODX Omega Diags** **LSE:PMG Parkmead** **LSE:SDY Speedyhire** **LSE:SRP Serco** **LSE:WTG Watchstone** **

********

Updated charts published on : Applied Graphene, Avacta, Capita, Gulf Keystone, HSBC, National Glug, Omega Diags, Parkmead, Speedyhire, Serco, Watchstone,

LSE:AGM Applied Graphene Close Mid-Price: 38 Percentage Change: -2.56% Day High: 38.5 Day Low: 37

Gosh, this is getting boring. Conventional logic really suggests it’s at r ……..

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LSE:AVCTLSE:AVCT Avacta. Close Mid-Price: 244.8 Percentage Change: + 4.62% Day High: 290 Day Low: 243

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LSE:CPI Capita Close Mid-Price: 43.09 Percentage Change: -4.16% Day High: 45.14 Day Low: 43.02

Capita are another share, dazzling everyone with the darkness of inactivit ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 174.6 Percentage Change: -2.78% Day High: 181.4 Day Low: 174

GKP are doing that thing, where the share price appears trapped at the lev ……..

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LSE:HSBA HSBC Close Mid-Price: 417.25 Percentage Change: -2.53% Day High: 427.85 Day Low: 416.65

This is looking a bit risky as weakness below 416 threatens reversal to an ……..

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LSE:NG.LSE:NG. National Glug. Close Mid-Price: 911.3 Percentage Change: + 0.42% Day High: 911.9 Day Low: 900.6

Continued trades against NG. with a mid-price ABOVE 911.9 should improve ……..

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LSE:ODX Omega Diags Close Mid-Price: 73 Percentage Change: -5.19% Day High: 78.5 Day Low: 71.5

Continued weakness against ODX taking the price below 71.5 calculates as ……..

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LSE:PMGLSE:PMG Parkmead. Close Mid-Price: 39.35 Percentage Change: + 0.25% Day High: 40.3 Day Low: 38.3

Continued trades against PMG with a mid-price ABOVE 40.3 should improve t ……..

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LSE:SDYLSE:SDY Speedyhire. Close Mid-Price: 76.7 Percentage Change: + 1.46% Day High: 78 Day Low: 75

Target met. All Speedyhire needs are mid-price trades ABOVE 78 to improve ……..

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LSE:SRP Serco Close Mid-Price: 142 Percentage Change: -0.98% Day High: 145 Day Low: 141.8

Continued trades against SRP with a mid-price ABOVE 145 should improve th ……..

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LSE:WTG Watchstone Close Mid-Price: 53.9 Percentage Change: -2.36% Day High: 53.2 Day Low: 53

Weakness on Watchstone below 53 will invariably lead to 50 with secondary ……..

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

Is Argo Blockchain sinking?

#Gold #WallSt_Futures This one has proven a surprise. When we last reviewed the share back in January this year, we’d given our usual two drop criteria. Our initial target was hit and broken, the secondary drop target remained untroubled with the share bouncing 11p above. Then the fairy story commenced with the share confidently triggering and exceeding all three of our growth target levels. We even used the technical term; ‘if things go nuts’ in describing the potentials.

Our third level target was given as 149p and we’ve even circled it on the chart below.

 

Something funny happened!

 

We’d a pretty solid reason to anticipate some hesitation at the 149p level. There are times when we warn folk to watch out for the market opting to gap a share price up and in this example, the reason for the warning is pretty evident.  On February 15th, when the market chose to neatly gap (manipulate) the share price above our target, sending a pretty strong indication plans for further upward price movement were intended. At that particular point in time, the highest number we could calculate was 149p, leaving us clueless as to the final destination. Eventually topping out at 332p, the price is now starting to make a degree of sense, doubtless due to the reality of enjoying a trading history.

Legend has it ‘Gaps’ in share price movements are generally covered with a share experiencing sharp reversals to the level of whatever manipulation gap is being chased. In the case of Argo, it was gapped UP from 143p in 15th Feb, the price neatly covering the gap with reversals on Monday 19 April. As a result, a bunch of folk are probably expecting a rebound from current levels, due to the ‘gap being filled’. Unfortunately, there is no requirement for these share price gaps to be covered and the harsh reality is, most of them are not.

But sometimes, if sufficient people believe a story, there can be a mass of buying pressure in the following session which in itself provokes a bounce. In the case of Argo, any bounce needs exceed 180p before we can take it seriously. Instead, we suspect some pain awaits for holders in the immediate future.

With traffic below 132p, we calculate the potential for reversal to an initial 120p. If broken, our secondary works out at 92p and hopefully a proper bounce. We can provide an ultimate drop level of 63p, this being the point we can no longer compute below. The visuals with 63p, given the level of previous lows indicate the potential for a proper bounce. We’re obviously far from happy discussing a scenario where the share price risks more than halving but the share has become dangerous. For the cautious, perhaps worth keeping a weather eye on it, just in case 63p makes a guest appearance in the weeks ahead.

 

We mentioned previously any bounce currently needs exceed 180p to be taken seriously. This will bring the share price back above Red on the chart, regaining the immediate uptrend. As a result, we can calculate an initial target of 222p with secondary, if exceeded, a more attractive sounding 259p. Once again, if the price “goes nuts”, we shall give a third target level and this time it’s at 337p.

It’s truly pleasing, knowing folk read this far down and still find time to view the adverts on the page. Definitely buys the coffee, so thanks yet again.

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
10:31:23PM BRENT 66.78
10:33:05PM GOLD 1771.65 1766 1761.5 1752 1782 1790 1797 1837 1766 ‘cess
10:37:04PM FTSE 6996.22
10:39:30PM FRANCE 6297
10:42:04PM GERMANY 15380.58
10:43:57PM US500 4164.42 ‘cess
10:46:30PM DOW 34118 33975 33860.5 33729 34090 34158 34210.5 34289 34044 ‘cess
10:48:39PM NASDAQ 13910 Success
10:52:04PM JAPAN 29311 Success

 

19/04/2021 FTSE Closed at 7000 points. Change of -0.27%. Total value traded through LSE was: £ 5,222,332,197 a change of -24.15%
16/04/2021 FTSE Closed at 7019 points. Change of 0.52%. Total value traded through LSE was: £ 6,885,119,827 a change of 21.21%
15/04/2021 FTSE Closed at 6983 points. Change of 0.63%. Total value traded through LSE was: £ 5,680,355,568 a change of 19.55%
14/04/2021 FTSE Closed at 6939 points. Change of 0.71%. Total value traded through LSE was: £ 4,751,574,999 a change of -6.5%
13/04/2021 FTSE Closed at 6890 points. Change of 0.01%. Total value traded through LSE was: £ 5,082,010,354 a change of 5.4%
12/04/2021 FTSE Closed at 6889 points. Change of -0.38%. Total value traded through LSE was: £ 4,821,423,252 a change of -22.92%
9/04/2021 FTSE Closed at 6915 points. Change of -0.39%. Total value traded through LSE was: £ 6,255,086,151 a change of 4.29%

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

The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:BBY BALFOUR BEATTY** **LSE:CBX Cellular Goods** **LSE:CEY Centamin** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:IGAS Igas Energy** **LSE:MKS Marks and Spencer** **LSE:ODX Omega Diags** **LSE:QFI Quadrise** **LSE:SBRY Sainsbury** **LSE:SDY Speedyhire** **LSE:VOG VICTORIA** **

********

Updated charts published on : AFC Energy, BALFOUR BEATTY, Cellular Goods, Centamin, MAN, Experian, Igas Energy, Marks and Spencer, Omega Diags, Quadrise, Sainsbury, Speedyhire, VICTORIA,

LSE:AFC AFC Energy Close Mid-Price: 69.6 Percentage Change: -3.87% Day High: 74.7 Day Low: 69.7

All AFC Energy needs are mid-price trades ABOVE 74.7 to improve accelerat ……..

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LSE:BBYLSE:BBY BALFOUR BEATTY. Close Mid-Price: 318.8 Percentage Change: + 1.40% Day High: 322 Day Low: 314.6

Continued trades against BBY with a mid-price ABOVE 322 should improve th ……..

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LSE:CBX Cellular Goods Close Mid-Price: 7.6 Percentage Change: -6.17% Day High: 8.12 Day Low: 7.55

Target met. If Cellular Goods experiences continued weakness below 7.55, ……..

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LSE:CEYLSE:CEY Centamin. Close Mid-Price: 114.8 Percentage Change: + 0.75% Day High: 117.7 Day Low: 113.9

Target met. In the event of Centamin enjoying further trades beyond 117.7 ……..

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LSE:EMG MAN Close Mid-Price: 165.05 Percentage Change: -0.78% Day High: 170 Day Low: 163.5

All MAN needs are mid-price trades ABOVE 170 to improve acceleration towa ……..

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LSE:EXPN Experian Close Mid-Price: 2694 Percentage Change: -0.81% Day High: 2763 Day Low: 2689

Continued trades against EXPN with a mid-price ABOVE 2763 should improve ……..

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LSE:IGAS Igas Energy Close Mid-Price: 23 Percentage Change: -2.13% Day High: 23.1 Day Low: 23.1

Continued weakness against IGAS taking the price below 23.1 calculates as ……..

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LSE:MKSLSE:MKS Marks and Spencer. Close Mid-Price: 162.1 Percentage Change: + 3.58% Day High: 163.55 Day Low: 157.35

Continued trades against MKS with a mid-price ABOVE 163.55 should improve ……..

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LSE:ODX Omega Diags Close Mid-Price: 77 Percentage Change: -4.35% Day High: 80.5 Day Low: 76.5

Weakness on Omega Diags below 76.5 will invariably lead to 68, along with ……..

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LSE:QFI Quadrise Close Mid-Price: 3.98 Percentage Change: -6.47% Day High: 4.25 Day Low: 3.93

All Quadrise needs are mid-price trades ABOVE 4.25 to improve acceleratio ……..

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LSE:SBRYLSE:SBRY Sainsbury. Close Mid-Price: 254.7 Percentage Change: + 2.41% Day High: 255.2 Day Low: 247.1

Target met. Continued trades against SBRY with a mid-price ABOVE 255.2 sh ……..

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LSE:SDYLSE:SDY Speedyhire. Close Mid-Price: 75.6 Percentage Change: + 2.30% Day High: 75.3 Day Low: 73

Further movement against Speedyhire ABOVE 75.3 should improve acceleratio ……..

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LSE:VOGLSE:VOG VICTORIA. Close Mid-Price: 6.15 Percentage Change: + 29.47% Day High: 6.4 Day Low: 4.75

Target met. In the event of VICTORIA enjoying further trades beyond 6.4, ……..

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

Barclays Plc and The Iceberg principle

Barclays Plc (LSE:BARC) Optimism spring’s from funny places. In the case of Barclays, we’re now officially positive for the share price future, due to a movement of 4/100ths of a penny! The sensible part of the brain is firmly in favour of sanity, our software has quite different ideas, now opting to colour Barclays a cheerful Blue to indicate the price has achieved a Higher High after breaking a downtrend and, frankly, being pretty boring for the last 3 weeks.

It can be assumed our software is easily impressed but the surprising thing is, it’s rarely wrong with this sort of thing. Barclays breakout closing price High was 189.14p and the share managed to close the day on Friday at 189.18p. This tiny little change was sufficient to trigger the change shown below, a switch from non-committal black text to exciting blue text, a visual cue something truly unusual happened with a UK Retail Bank.

Hey, chart goes here

Warning: Technical Guff Ahead. By 4/100ths of a penny, we’re now tasked with providing an analysis which will have readers on the edge of their seats, positively drooling at the prospect of happy days ahead. Due to previous recovery models, built  following movements in US and German markets, we’re actually inclined to take our software’s giddy behaviour seriously. We obviously wrote the software, it doesn’t have magical powers but currently employs several hundred formula against which each price movement is measured.  For those who’ve ever fallen down Spreadsheet Macro wormholes, it’s effectively a rather complex “If THIS, then do THAT. Else if THAT, then do THIS” series of equations. For this particular moment of share price recovery, we’re forced to compare “what happened next” with the immediate situation at Barclays, then extrapolate forward the potentials for the future.

Please remember, this is due to a 4/100ths of a penny trigger movement. Perhaps the equivalent of that bloke on the Titanic bridge who saw a flake of snow and was told to ignore it! Had they paid attention, we’d be spared a terrible film and terrible soundtrack.

So, now we’ve run out of excuses to delay, optimism now suggests continued recovery above 191p for Barclays Plc faces share price movement to an initial 240p. With closure above 240p, our software tells us to expect a longer term 288p. We do have a little ‘sanity clause’ suggesting the long term trade potential can only be marked “safe”, once the share price is actually trading above 198p. This formula is one of these ‘belt & braces’ things, where we attempt to define the point beyond which something becomes inevitable. For it all to go wrong for Barclays, the share price needs founder below 140p, a concept which is visually unlikely but in todays world, who knows.

This certainly shall provide a wide and sane stop loss level for anyone trying a Long term position.

 

The date today is 19th April 2021 and will be remembered as; “On This Day In History, Trends & Targets Expressed Optimism About A UK Retail Bank!”

 

*** yet again, many thanks to those who find the adverts via Google sufficiently interesting to click on. Whoever you are, you’re keeping us in coffee! Which is nice.

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
6:58:44PM BRENT 66.47 66.16 65.84 65.42 66.54 67.1 67.36 67.76 66.58 ‘cess
7:00:25PM GOLD 1777.26 Success
7:05:01PM FTSE 7024.79 Success
7:08:18PM FRANCE 6314.7 Success
7:25:32PM GERMANY 15495 Success
7:27:03PM US500 4182.62 4160 4149.5 4136 4175 4188 4193 4201 4170 Success
7:37:18PM DOW 34187.7 Success
7:39:11PM NASDAQ 14038
7:40:47PM JAPAN 29794 Success
16/04/2021 FTSE Closed at 7019 points. Change of 0.52%. Total value traded through LSE was: £ 6,885,119,827 a change of 21.21%
15/04/2021 FTSE Closed at 6983 points. Change of 0.63%. Total value traded through LSE was: £ 5,680,355,568 a change of 19.55%
14/04/2021 FTSE Closed at 6939 points. Change of 0.71%. Total value traded through LSE was: £ 4,751,574,999 a change of -6.5%
13/04/2021 FTSE Closed at 6890 points. Change of 0.01%. Total value traded through LSE was: £ 5,082,010,354 a change of 5.4%
12/04/2021 FTSE Closed at 6889 points. Change of -0.38%. Total value traded through LSE was: £ 4,821,423,252 a change of -22.92%
9/04/2021 FTSE Closed at 6915 points. Change of -0.39%. Total value traded through LSE was: £ 6,255,086,151 a change of 4.29%
8/04/2021 FTSE Closed at 6942 points. Change of 0.83%. Total value traded through LSE was: £ 5,997,557,402 a change of 4.89%

 

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

The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:BBY BALFOUR BEATTY** **LSE:CBX Cellular Goods** **LSE:CEY Centamin** **LSE:DGE Diageo** **LSE:EXPN Experian** **LSE:IGAS Igas Energy** **LSE:IPF International Personal Finance** **LSE:ITRK Intertek** **LSE:PMG Parkmead** **LSE:QFI Quadrise** **LSE:SBRY Sainsbury** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : AFC Energy, BALFOUR BEATTY, Cellular Goods, Centamin, Diageo, Experian, Igas Energy, International Personal Finance, Intertek, Parkmead, Quadrise, Sainsbury, Taylor Wimpey,

LSE:AFCLSE:AFC AFC Energy. Close Mid-Price: 72.4 Percentage Change: + 6.47% Day High: 72.9 Day Low: 66.1

Further movement against AFC Energy ABOVE 72.9 should improve acceleratio ……..

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LSE:BBYLSE:BBY BALFOUR BEATTY. Close Mid-Price: 314.4 Percentage Change: + 1.29% Day High: 316 Day Low: 308

Target met. All BALFOUR BEATTY needs are mid-price trades ABOVE 316 to im ……..

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LSE:CBX Cellular Goods Close Mid-Price: 8.1 Percentage Change: -4.71% Day High: 8.57 Day Low: 7.88

Weakness on Cellular Goods below 7.88 will invariably lead to 7.7 with se ……..

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LSE:CEYLSE:CEY Centamin. Close Mid-Price: 113.95 Percentage Change: + 1.33% Day High: 114.85 Day Low: 112.7

Target met. Continued trades against CEY with a mid-price ABOVE 114.85 sh ……..

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LSE:DGELSE:DGE Diageo. Close Mid-Price: 3230 Percentage Change: + 0.17% Day High: 3247.5 Day Low: 3222.5

In the event of Diageo enjoying further trades beyond 3247.5, the share s ……..

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LSE:EXPNLSE:EXPN Experian. Close Mid-Price: 2716 Percentage Change: + 1.88% Day High: 2733 Day Low: 2690

Target met. Further movement against Experian ABOVE 2733 should improve a ……..

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LSE:IGASLSE:IGAS Igas Energy. Close Mid-Price: 23.5 Percentage Change: + 0.00% Day High: 24 Day Low: 23.2

Weakness on Igas Energy below 23.2 will invariably lead to 22 with second ……..

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LSE:IPF International Personal Finance Close Mid-Price: 124.6 Percentage Change: -0.64% Day High: 128.2 Day Low: 123.2

Further movement against International Personal Finance ABOVE 128.2 shoul ……..

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LSE:ITRKLSE:ITRK Intertek. Close Mid-Price: 6098 Percentage Change: + 0.23% Day High: 6152 Day Low: 6080

In the event of Intertek enjoying further trades beyond 6152, the share s ……..

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LSE:PMGLSE:PMG Parkmead. Close Mid-Price: 39.15 Percentage Change: + 1.42% Day High: 40 Day Low: 38.6

All Parkmead needs are mid-price trades ABOVE 40 to improve acceleration ……..

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LSE:QFILSE:QFI Quadrise. Close Mid-Price: 4.25 Percentage Change: + 10.53% Day High: 4.1 Day Low: 3.61

Target met. Continued trades against QFI with a mid-price ABOVE 4.1 shoul ……..

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LSE:SBRYLSE:SBRY Sainsbury. Close Mid-Price: 248.7 Percentage Change: + 1.72% Day High: 248.5 Day Low: 244

Further movement against Sainsbury ABOVE 248.5 should improve acceleratio ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 190.95 Percentage Change: -0.39% Day High: 193.8 Day Low: 189.05

Target met. In the event of Taylor Wimpey enjoying further trades beyond ……..

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

FTSE for FRIDAY

Our apologies for the loss of our website on Thursday. Our hosting company, 123-Reg, cheerfully announced they had “upgraded” their service successfully.

Immediately thereafter, our website vanished! Bit by bit, the issues are being sorted. Finally getting charts to display.

Many thanks to those kind folk who find the adverts on this page interesting.

FTSE for FRIDAY (FTSE:UKX) A week ago, we commented the UK market was perhaps on the edge of a revolution and indeed, it has spent the last week behaving in a revolting manner. Our suspicion was the UK may opt to follow the French model, essentially mess around for a couple of weeks, then break north to challenge the highs achieved pre-Covid. It now looks like the FTSE only needed a week chasing its tail as there’s some pretty firm suggestions the UK market should experience some real recovery.

For the UK, the market level pre-Covid was 7,500 points and it’s presently around 6,980 points. Our suggestion therefore is to anticipate growth of just above 7% in the week again and again, if the French model proves a valid role model, to anticipate some hesitation for a week or so. As always appears the case with the FTSE, there’s a fairly major spanner in the ointment.

Currently, from a Big Picture perspective, we calculate movement above 7,000 points should justify market growth toward 7,264 points. If exceeded, our longer term secondary works out at 8,069 points. Noticeably absent from our calculations is any reason to expect hesitation at the 7,500 level as the Big Picture suggests the market should simply keep going, should our initial 7,264 be exceeded. Curiously, something similar was possible with the French CAC40 index, a curiosity the market opted to deal with on March 11th by simply gapping the CAC40 up above the critical 6,000 point level before trading commenced.

It’s certainly going to prove interesting, watching FTSE behaviour in the weeks ahead.

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http://www.trendsandtargets.com/img/ukx150421.jpg

As for our FTSE for FRIDAY, near term movement exceeding 7,000 points should attempt an initial 7,021 points with secondary, if exceeded, a rather more useful 7,059 points. Amazingly, such has been market strength we can present a third target level, doubtless is some very positive news appears as allegedly 7,123 points is a viable ambition. 

For everything to “maybe” go wrong, the index needs slip below 6,950 points as this calculates with a drop potential to an initial 6,940 with secondary, if broken, at 6,920 points. In reality, the FTSE needs slip below 6,800 before we’d be forced to regard reversals as serious.

Have a good weekend and enjoy the Grand Prix.

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