Empire Metals Limited (LSE:EEE) shining like a new pin.

#Gold #S&P500  A bunch of emails impressed us on Monday, all essentially asking where we think Empire Metals share price intends heading. In many cases, it’s easier predicting what a cat will do next, rather than the share price of a member of the UK AIM market. But in this instance, some considerable hope appears possible, especially as price movements don’t “feel” like the victim of an optimism overdose from internet share chat rooms. 

 

An interesting facet – from our nerdy perspective – was the decision to gap the share price above the Blue Closing Price downtrend which dates back to 2018. Traditionally, proper trend lines reflect the High of the Day for downtrends and the Low of the Day for uptrends. Just to muddy the waters a bit, we also review Day Closing Price trends as sometimes they reveal a facet of share price dance steps we hadn’t expected. In the case of Empire, the decision to gap (manipulate) the price up above the closing price trend was truly unusual and, as the chart extract below shows, creating a positive impression which ideally indicates everything has changed for this miner. We often refer to a need for a shares closing price to move above a specific level but cannot remember any single instance where it was a closing price trend line creating such a visually pleasing signal.

 

The suggestion now is of movement above 3.5p triggering price growth to 4.2p next with our “longer term” secondary, if bettered, working out at 5.35p. This ambition at 5.35p is one of these price levels where it becomes important for the share value to actually close a session above 5.35p, thanks to some quite extraordinary potentials making themselves felt for the long term.

For now, if the share price intends spoil the party, it needs below 2.45p to provide genuine cause for concern.

 

It certainly appears this Copper, Gold, and additional valuable mineral producer is on the edge of becoming useful.

 

 

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:42:59PM BRENT 7826.9 ‘cess
9:45:01PM GOLD 1954.36 1947 1943 1936 1956 1960 1962 1967 1950 Success
9:47:03PM FTSE 7411.3
9:49:14PM STOX50 4358.9 ‘cess
9:51:33PM GERMANY 16075.2 ‘cess
9:53:43PM US500 4517.6 4496 4486 4470 4510 4534 4538 4552 4506
9:56:43PM DOW 34568.5 Success
10:20:56PM NASDAQ 15693 Success
10:23:39PM JAPAN 32363 ‘cess

 

17/07/2023 FTSE Closed at 7406 points. Change of -0.38%. Total value traded through LSE was: £ 3,946,111,838 a change of 6.88%
14/07/2023 FTSE Closed at 7434 points. Change of -0.08%. Total value traded through LSE was: £ 3,691,976,999 a change of -20.65%
13/07/2023 FTSE Closed at 7440 points. Change of 0.32%. Total value traded through LSE was: £ 4,652,935,320 a change of -35.19%
12/07/2023 FTSE Closed at 7416 points. Change of 1.84%. Total value traded through LSE was: £ 7,179,397,183 a change of 76.59%
11/07/2023 FTSE Closed at 7282 points. Change of 0.12%. Total value traded through LSE was: £ 4,065,629,486 a change of 3.17%
10/07/2023 FTSE Closed at 7273 points. Change of 0.23%. Total value traded through LSE was: £ 3,940,608,069 a change of 3.75%
7/07/2023 FTSE Closed at 7256 points. Change of -0.33%. Total value traded through LSE was: £ 3,798,027,374 a change of -31.82%

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:SCLP Scancell** **LSE:TLW Tullow** **LSE:ZOO Zoo Digital** **

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Updated charts published on : AFC Energy, Scancell, Tullow, Zoo Digital,


LSE:AFC AFC Energy Close Mid-Price: 11.28 Percentage Change: -1.05% Day High: 11.64 Day Low: 11.28

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LSE:SCLP Scancell Close Mid-Price: 8.75 Percentage Change: -11.17% Day High: 9.85 Day Low: 8.75

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LSE:TLW Tullow. Close Mid-Price: 33.76 Percentage Change: + 9.11% Day High: 34.3 Day Low: 30.76

Continued trades against TLW with a mid-price ABOVE 34.3 should improve t ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 63 Percentage Change: -4.55% Day High: 65 Day Low: 58.5

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

Natwest Group Plc (LSE:NWG), ready to head up?

#Brent #US500  With summer drawing to a close here in Argyll, the monsoon season appears to be kicking in a few weeks early, unfortunately this time accompanied by the arrival of two grand-daughters expecting daily adventures in kayaks or paddleboards. Thankfully, both girls eschewed “outdoors fun” over the weekend, somehow coming to the decision that spending time outside, in the wind and torrential rain, didn’t compare to mobile phone facetime with their chums.

Amusingly, Monday will see the girls spend the day afloat, wearing wetsuits and lifejackets, a chum taking them for a tour of the area (while she does something related to inspecting fisheries) and we fully expect them to arrive home, utterly soaked and probably cold, doubtless wanting to go out on the fast boat again next Monday too.

 

This is all very unlike NatWest, a share where it’s clearly not fun with the first impressions and several years later, remaining distinctly humourless. We reviewed it three weeks ago and in the period since, price movements have been less exciting than a game of “Guess Which TV Presenter Did It”. Our inclination is toward some hope, due to the share price TWICE managing to close a session above the 245p trend break level. From our perspective, this greatly reduces the prospects of any immediate dip.

If we take a look for signs of imminent danger, allegedly below 239p should invoke the threat of weakness to 224 next with our secondary, if broken, at 217p and hopefully a rebound. However, if we adhere to our usual demand for a ‘lower low’, the real danger level should be regarded as 229p.

 

For optimism, above 249p suggests the potential of price gains to an initial 255p with our secondary, if bettered, calculating at a longer term 265p. Visually, closure above 265p looks important for the future, making a strong gain to 291p something approaching a near certainty.

 

Hopefully, Natwest decides to do something interesting during the holiday period, giving a worthwhile excuse to explain things for two bored children…

 

 

 

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
9:23:15PM BRENT 7951.3 7946 7932 7856 7988 8160 8304 8488 8078
9:25:24PM GOLD 1954.63
9:27:22PM FTSE 7418
9:37:57PM STOX50 4383.3
9:39:54PM GERMANY 16074.4
9:42:02PM US500 4502.5 4498 4488 4475 4409 4527 4536 4541 4501
9:44:20PM DOW 34476.5
9:48:36PM NASDAQ 15558.5
10:02:50PM JAPAN 32336

 

14/07/2023 FTSE Closed at 7434 points. Change of -0.08%. Total value traded through LSE was: £ 3,691,976,999 a change of -20.65%
13/07/2023 FTSE Closed at 7440 points. Change of 0.32%. Total value traded through LSE was: £ 4,652,935,320 a change of -35.19%
12/07/2023 FTSE Closed at 7416 points. Change of 1.84%. Total value traded through LSE was: £ 7,179,397,183 a change of 76.59%
11/07/2023 FTSE Closed at 7282 points. Change of 0.12%. Total value traded through LSE was: £ 4,065,629,486 a change of 3.17%
10/07/2023 FTSE Closed at 7273 points. Change of 0.23%. Total value traded through LSE was: £ 3,940,608,069 a change of 3.75%
7/07/2023 FTSE Closed at 7256 points. Change of -0.33%. Total value traded through LSE was: £ 3,798,027,374 a change of -31.82%
6/07/2023 FTSE Closed at 7280 points. Change of -2.18%. Total value traded through LSE was: £ 5,570,653,867 a change of 7.74%

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

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

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

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

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


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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:CBX Cellular Goods** **LSE:MMAG Music Magpie** **LSE:ODX Omega Diags** **LSE:SCLP Scancell** **LSE:TLW Tullow** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : AFC Energy, Cellular Goods, Music Magpie, Omega Diags, Scancell, Tullow, Zoo Digital,


LSE:AFC AFC Energy Close Mid-Price: 11.4 Percentage Change: -5.79% Day High: 12.42 Day Low: 11.3

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LSE:CBX Cellular Goods Close Mid-Price: 0.68 Percentage Change: -3.57% Day High: 0.7 Day Low: 0.68

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LSE:MMAG Music Magpie Close Mid-Price: 14.8 Percentage Change: -2.95% Day High: 15.25 Day Low: 14.25

Weakness on Music Magpie below 14.25 will invariably lead to 12p next wit ……..

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LSE:ODX Omega Diags. Close Mid-Price: 2.9 Percentage Change: + 1.75% Day High: 2.9 Day Low: 2.85

All Omega Diags needs are mid-price trades ABOVE 2.9 to improve accelerat ……..

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LSE:SCLP Scancell Close Mid-Price: 9.85 Percentage Change: -6.19% Day High: 10.88 Day Low: 9.75

If Scancell experiences continued weakness below 9.75, it will invariably ……..

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LSE:TLW Tullow. Close Mid-Price: 30.94 Percentage Change: + 3.76% Day High: 31.2 Day Low: 29.8

In the event of Tullow enjoying further trades beyond 31.2, the share sho ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 66 Percentage Change: -36.84% Day High: 77 Day Low: 65.5

Target met. Continued weakness against ZOO taking the price below 65.5 ca ……..

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

Our famed FTSE for FRIDAY (FTSE:UKX)

#Nasdaq #FTSE There’s something a bit odd going on with the USA markets. The three charts below reveal the cause of our unease, the sheer number of manipulation gaps appearing across the US indices. While this is fairly normal during the holiday period, everything has been kicking off since the start of June, giving the impression the US markets still intend a further nudge upward with the Dow Jones potentially heading to just above 35,000 points eventually. While we basically distrust the use of gaps to force prices upward, due things often ending in tears in the fullness of time, for now it’s hard to disregard the potential “tops” of around 4,670 for the S&P and 16,900 for the Nasdaq.

If things intend start to go horribly wrong, below 13,740 should give the first impression of trouble on the Nasdaq, for the S&P below 4,270 will justify worry lines, and under 32,800 will give greater concern than worrying about Boris Johnston discovering his phone can be hacked to unlock it.

 

 

As for Friday and the FTSE, things currently look fairly useful as above 7458 points should trigger index movement to an initial fairly tame 7480 points. Our secondary, if such a level is exceeded, calculates at 7569 points and the threat of some hesitation, this value matching prior highs. However, this impetus fails to return the index value above the Blue downtrend on the chart, a line since 2018 which the market seems to be assigning a degree of importance. Despite recent drops a bouncing from 7229 points rather than reach our 7206 target, our inclination is to distrust the bounce due to the index still trading below Blue.

Should movement upward be triggered, the tightest stop loss looks fairly reasonable at 7418 points.

 

Our converse scenario kicks in, should 7418 break (not with a downward spike at the market open!) as a visit to an initial 7392 works out as possible with secondary, if broken, at 7362 points, hopefully with a decent bounce.

 

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:15:06PM BRENT 8010.7 7910 7860 7969 8043 8117 7952 Success
10:16:49PM GOLD 1956.76 1924 1912 1941 1960 1971 1950 Success
10:18:58PM FTSE 7406.2 7351 7320 7407 7428 7460 7380 Success
10:21:32PM STOX50 4357.2 4303 4293 4330 4368 4385 4338 ‘cess
10:25:39PM GERMANY 16009.8 15806 15695 15875 16048 16147 15955 ‘cess
10:28:06PM US500 4474.4 4436 4416 4453 4485 4490 4472 Success
10:30:54PM DOW 34356 34216 34111 34346 34588 34638 34409 Success
10:32:43PM NASDAQ 15316.6 15115 15071 15165 15365 15398 15279 Success
10:37:34PM JAPAN 32036 31999 31920 32093 32155 32299 32031

 

13/07/2023 FTSE Closed at 7440 points. Change of 0.32%. Total value traded through LSE was: £ 4,652,935,320 a change of -35.19%
12/07/2023 FTSE Closed at 7416 points. Change of 1.84%. Total value traded through LSE was: £ 7,179,397,183 a change of 76.59%
11/07/2023 FTSE Closed at 7282 points. Change of 0.12%. Total value traded through LSE was: £ 4,065,629,486 a change of 3.17%
10/07/2023 FTSE Closed at 7273 points. Change of 0.23%. Total value traded through LSE was: £ 3,940,608,069 a change of 3.75%
7/07/2023 FTSE Closed at 7256 points. Change of -0.33%. Total value traded through LSE was: £ 3,798,027,374 a change of -31.82%
6/07/2023 FTSE Closed at 7280 points. Change of -2.18%. Total value traded through LSE was: £ 5,570,653,867 a change of 7.74%
5/07/2023 FTSE Closed at 7442 points. Change of -1.02%. Total value traded through LSE was: £ 5,170,439,166 a change of 50.69%

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

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

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

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

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


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

Click Epic to jump to share: LSE:ASC Asos** **LSE:BDEV Barrett Devs** **LSE:MMAG Music Magpie** **LSE:OPG OPG Power Ventures** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Asos, Barrett Devs, Music Magpie, OPG Power Ventures, Zoo Digital,


LSE:ASC Asos. Close Mid-Price: 377 Percentage Change: + 2.81% Day High: 394.8 Day Low: 367

Further movement against Asos ABOVE 394.8 should improve acceleration tow ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 411.2 Percentage Change: -1.63% Day High: 412.2 Day Low: 395.3

If Barrett Devs experiences continued weakness below 395.3, it will invar ……..

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LSE:MMAG Music Magpie Close Mid-Price: 15.25 Percentage Change: -18.67% Day High: 18.75 Day Low: 15.25

This is messy as below 15.25 now suggests a visit to 12p next with seconda ……..

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LSE:OPG OPG Power Ventures. Close Mid-Price: 8.25 Percentage Change: + 0.00% Day High: 8.25 Day Low: 8.07

Below 8 currently suggests weakness to an initial 7.6 with secondary, if b ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 104.5 Percentage Change: -4.13% Day High: 109 Day Low: 104

Weakness on Zoo Digital below 104 will invariably lead to 99 next and hop ……..

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

Is i3 Energy Plc (LSE:I3E) about to bubble up?

#Gold #WallSt  There’s a familiar pattern going on with the price of crude oil. Saudi Arabia once again attempted control over the market price of crude by cutting production and hiking their prices upward. Broadly speaking, it appears Brent Crude falling below $72 proves sufficient to cause a panic with Saudi as they obviously don’t approve of oil prices falling. The funny thing; generally within a few days, another country will mention they’ve increased production, along with a willingness to undercut Saudi Arabia and once again, prices climb on the roller coaster.

i3 Energy Plc are a little unusual, their share price tending to move in sympathy with the price of crude. Obviously, this is due to the large number of producing wells from the company, causing less reliance on rumour and hype to drive share price movements.

 

One this is certainly interesting from our perspective. The recent drop to 11.88p represented a logical bottom, a share price level from which we’d ordinarily anticipate a rebound.  Currently trading around 12.5p, the share price need only exceed 13.25p to hopefully trigger price recovery to an initial 15p with our secondary, if exceeded, calculating at a longer term 17p. This should ideally all enact, during the usual false dawn of a Saudi Arabian crude oil price panic. To give a comfortable suggestion for “proper” price recovery, the share price needs to close above 18p to give early indications of the game changing for the long term as a cycle to 29p becomes very possible.

 

As always, our alternate scenario has a problem and we’ve circled it on the chart. Whatever justified the break below the Red uptrend in March of this year could perhaps be a warning signal for looming trouble. Thankfully the price didn’t close below Red, the market opting to pay considerable respect to the trend by ensuring the share closed the session hard against the trend, so perhaps it was just a little ‘oops’ on the day.

Unfortunately, it created a situation where weakness now below 11.88p risks entering an extremely painful reversal cycle, one in which we can calculate an eventual bottom at 4.75p.

Thanks to Saudi actions, we suspect this shall prove unlikely as some price gains are expected, at least in the immediate future.

 

 

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:15:06PM BRENT 8010.7 Success
10:16:49PM GOLD 1956.76 1924 1912 1896 1941 1960 1971 1982 1950 Success
10:18:58PM FTSE 7406.2 Success
10:21:32PM STOX50 4357.2 ‘cess
10:25:39PM GERMANY 16009.8 ‘cess
10:28:06PM US500 4474.4 Success
10:30:54PM DOW 34356 34216 34111 33952 34346 34588 34638 34786 34409 Success
10:32:43PM NASDAQ 15316.6 Success
10:37:34PM JAPAN 32036

 

12/07/2023 FTSE Closed at 7416 points. Change of 1.84%. Total value traded through LSE was: £ 7,179,397,183 a change of 76.59%
11/07/2023 FTSE Closed at 7282 points. Change of 0.12%. Total value traded through LSE was: £ 4,065,629,486 a change of 3.17%
10/07/2023 FTSE Closed at 7273 points. Change of 0.23%. Total value traded through LSE was: £ 3,940,608,069 a change of 3.75%
7/07/2023 FTSE Closed at 7256 points. Change of -0.33%. Total value traded through LSE was: £ 3,798,027,374 a change of -31.82%
6/07/2023 FTSE Closed at 7280 points. Change of -2.18%. Total value traded through LSE was: £ 5,570,653,867 a change of 7.74%
5/07/2023 FTSE Closed at 7442 points. Change of -1.02%. Total value traded through LSE was: £ 5,170,439,166 a change of 50.69%
4/07/2023 FTSE Closed at 7519 points. Change of -0.11%. Total value traded through LSE was: £ 3,431,263,448 a change of -36.49%

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:CBX Cellular Goods** **LSE:MKS Marks and Spencer** **LSE:SCLP Scancell** **LSE:TERN Tern Plc** **

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Updated charts published on : AFC Energy, Asos, Cellular Goods, Marks and Spencer, Scancell, Tern Plc,


LSE:AFC AFC Energy Close Mid-Price: 11.32 Percentage Change: -3.41% Day High: 11.86 Day Low: 11.36

Weakness on AFC Energy below 11.36 will invariably lead to 11.1 with seco ……..

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LSE:ASC Asos. Close Mid-Price: 366.7 Percentage Change: + 7.66% Day High: 376 Day Low: 336.4

Movement next bettering 376 has the potential of a visit to an initial 405 ……..

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LSE:CBX Cellular Goods Close Mid-Price: 0.7 Percentage Change: -3.45% Day High: 0.72 Day Low: 0.7

Weakness on Cellular Goods below 0.7 will invariably lead to 0.58 and hop ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 198.15 Percentage Change: + 2.32% Day High: 199.3 Day Low: 191.9

Target met. Further movement against Marks and Spencer ABOVE 199.3 should ……..

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LSE:SCLP Scancell Close Mid-Price: 10.38 Percentage Change: -19.42% Day High: 12.88 Day Low: 10.12

Target met. In the event Scancell experiences weakness below 10.12 it cal ……..

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LSE:TERN Tern Plc. Close Mid-Price: 4.38 Percentage Change: + 9.38% Day High: 4.38 Day Low: 3.88

Near term, above 4.38 suggests the potential of a visit to 4.75 next with ……..

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

Legal and General (LSE:LGEN) in stealth mode…

#FTSE #Stoxx50 As a nuclear submarine sneaks seaward from our part of Argyll, a spy popped up from the hedge! Alternately, perhaps they’d been rummaging around, looking for reasons Legal & General share price continues to emulate the UK retail banking sector by doing nothing useful. It’s funny, a look through the Wikipedia web page for LGEN revealed little of interest, other than the  purchase of shares in the company used to be restricted to members of the legal profession. Nowadays, everyone can buy shares and spend 10 years wondering why little happens, aside from the pandemic whoopsie in 2020.

 

It’s approaching that time of the year on the markets, where the grown ups take August off. It results in an unpleasant situation where we long for the excitement of the period between Xmas and New Year, a timeframe notorious for its absolute levels of boredom. Unfortunately, the August holiday malaise now tends make itself felt from the middle of July onward and this facet of price movement looks capable of becoming a nuisance with Legal & General. In other words, things may move very slowly.

Movement now below 217p risks triggering reversals to an initial 193 next, along with a chance of a bounce. However, should 193p break, any bounce is liable to prove short lived as our secondary and hopeful bottom down at 176p may prove too attractive.

 

As always, we’ve a converse scenario tucked away, one which was born from Legal & General price movements in the first couple of months of this year. The price appeared quite firmly controlled in this period nudging up and down by only 10p like an annoying nodding dog toy in the back of the car in front at traffic lights. Our inclination is to take some hope from the repeated efforts made to stop LGEN going up in price. There’s been some volatility in the months since, very little of which makes immediate sense, and now, we suggest keeping an eye on the share in case some excuse is discovered to allow them to exceed Blue on the chart below (presently 258p) as this should hopefully trigger recovery to an initial 297p and some hesitation. Our longer term secondary, if 297p is bettered, works out at 330p and a new all time high.

This is one which we suspect shall prove worth keeping an eye on.

 

 

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:03:58PM BRENT 7926.7 ‘cess
10:06:22PM GOLD 1931.75 Success
10:08:44PM FTSE 7290.7 7231 7207 7178 7261 7296 7303 7325 7280 ‘cess
10:11:14PM STOX50 4297.5 4255 4237 4215 4275 4303 4329 4374 4272 ‘cess
10:14:17PM GERMANY 15827.6 Success
10:16:44PM US500 4437.9 Success
10:19:06PM DOW 34247 ‘cess
10:21:44PM NASDAQ 15122.1 ‘cess
10:24:28PM JAPAN 32320

 

11/07/2023 FTSE Closed at 7282 points. Change of 0.12%. Total value traded through LSE was: £ 4,065,629,486 a change of 3.17%
10/07/2023 FTSE Closed at 7273 points. Change of 0.23%. Total value traded through LSE was: £ 3,940,608,069 a change of 3.75%
7/07/2023 FTSE Closed at 7256 points. Change of -0.33%. Total value traded through LSE was: £ 3,798,027,374 a change of -31.82%
6/07/2023 FTSE Closed at 7280 points. Change of -2.18%. Total value traded through LSE was: £ 5,570,653,867 a change of 7.74%
5/07/2023 FTSE Closed at 7442 points. Change of -1.02%. Total value traded through LSE was: £ 5,170,439,166 a change of 50.69%
4/07/2023 FTSE Closed at 7519 points. Change of -0.11%. Total value traded through LSE was: £ 3,431,263,448 a change of -36.49%
3/07/2023 FTSE Closed at 7527 points. Change of -0.05%. Total value traded through LSE was: £ 5,402,403,715 a change of 3.4%

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

Click Epic to jump to share: LSE:AZN Astrazeneca** **LSE:DGE Diageo** **LSE:NG. National Glib** **LSE:ODX Omega Diags** **LSE:SPX Spirax** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Astrazeneca, Diageo, National Glib, Omega Diags, Spirax, Zoo Digital,


LSE:AZN Astrazeneca Close Mid-Price: 10082 Percentage Change: -0.96% Day High: 10138 Day Low: 10020

In the event Astrazeneca experiences weakness below 10020 it calculates w ……..

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LSE:DGE Diageo. Close Mid-Price: 3289.5 Percentage Change: + 0.60% Day High: 3296 Day Low: 3246.5

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LSE:NG. National Glib Close Mid-Price: 988.2 Percentage Change: -0.06% Day High: 993.2 Day Low: 980.4

In the event National Glib experiences weakness below 980.4 it calculates ……..

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LSE:ODX Omega Diags. Close Mid-Price: 2.85 Percentage Change: + 11.76% Day High: 2.85 Day Low: 2.55

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LSE:SPX Spirax Close Mid-Price: 9936 Percentage Change: -0.79% Day High: 10075 Day Low: 9820

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LSE:ZOO Zoo Digital. Close Mid-Price: 110.5 Percentage Change: + 1.38% Day High: 111 Day Low: 108

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

Helium One Global (LSE:HE1), time for party balloons!

#Gold ‘SP500 Amazingly, a quick search on Google revealed the reason for Helium One’s +38% day on the market in pictorial form. The Google results were topped by three pretty photographs of a big mobile drilling rig being delivered to the Helium producers site in Tanzania, meaning the company prospects will hopefully go from speculation to actual production of Helium. The company look capable of disrupting the helium market, an area where demand has been forced to flatline due to lack of supply as the only available helium being available as a by-product from the hydrocarbon market and demand is expected to surge once this Helium miner starts filling party balloons along with the occasional tanker!

From the company website, along with speculative comment in chatrooms, it appears Helium One Global share price should be a complete “no-brainer” for the future. Of course, this is the UK stock market, a place where dreams can face assassination, thankfully only sometimes. But this one certainly appears deserving of some research as the future prospects appear quite strong.

 

At present, there’s quite a lot in favour of continued share price growth, especially as the share enacted a fake drop the day before a solid rise kicked in, one which actually broke through the downtrend and even managed to close the session above the trend. This is the sort of situation we’ve been hoping for with the UK retail banks, something they seem reticent to provide just yet.

For Helium One, share price movement now above 7.5p should prove capable of triggering share price recovery to an initial 8.7p with our secondary, if exceeded, calculating at 12p, Due to prior share price movements, we suspect the 12p level shall provoke some hesitation  Unsurprisingly, in this instance we can provide a 3rd level ambition, if 12p is exceeded, as a visit to 18p works out as quite a viable hope for the longer term.

Of course, if the share price experiences a fast pace of growth, all it will need is news of a breakdown in the drilling rig delaying production to utterly foul any growth cycle. For now though, we’re fairly optimistic.

 

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:59:29PM BRENT 7771.3
11:02:24PM GOLD 1924.96 1912 1908 1900 1924 1926 1930 1936 1920 ‘cess
11:04:48PM FTSE 7257.4
11:07:20PM STOX50 4255 Shambles
11:36:20PM GERMANY 15675
11:38:56PM NASDAQ 15047.9
11:43:07PM DOW 33944 ‘cess
11:45:08PM US500 4410.8 4376 4359 4332 4393 4413 4418 4432 4399
11:47:53PM JAPAN 32329 ‘cess

 

10/07/2023 FTSE Closed at 7273 points. Change of 0.23%. Total value traded through LSE was: £ 3,940,608,069 a change of 3.75%
7/07/2023 FTSE Closed at 7256 points. Change of -0.33%. Total value traded through LSE was: £ 3,798,027,374 a change of -31.82%
6/07/2023 FTSE Closed at 7280 points. Change of -2.18%. Total value traded through LSE was: £ 5,570,653,867 a change of 7.74%
5/07/2023 FTSE Closed at 7442 points. Change of -1.02%. Total value traded through LSE was: £ 5,170,439,166 a change of 50.69%
4/07/2023 FTSE Closed at 7519 points. Change of -0.11%. Total value traded through LSE was: £ 3,431,263,448 a change of -36.49%
3/07/2023 FTSE Closed at 7527 points. Change of -0.05%. Total value traded through LSE was: £ 5,402,403,715 a change of 3.4%
30/06/2023 FTSE Closed at 7531 points. Change of 0.8%. Total value traded through LSE was: £ 5,224,612,707 a change of -11.43%

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

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

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

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

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


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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:AV. Aviva** **LSE:BBY BALFOUR BEATTY** **LSE:BT.A British Telecom** **LSE:CBX Cellular Goods** **LSE:CEY Centamin** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:ITM ITM Power** **LSE:NG. National Glib** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : AFC Energy, Aviva, BALFOUR BEATTY, British Telecom, Cellular Goods, Centamin, Diageo, ECO (Atlantic) O & G, ITM Power, National Glib, Zoo Digital,


LSE:AFC AFC Energy Close Mid-Price: 11.48 Percentage Change: -7.27% Day High: 12.18 Day Low: 11.5

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LSE:AV. Aviva. Close Mid-Price: 382.2 Percentage Change: + 0.10% Day High: 383.6 Day Low: 379.6

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 333.2 Percentage Change: + 0.54% Day High: 339.4 Day Low: 328.8

Weakness on BALFOUR BEATTY below 328 will invariably lead to 314 with seco ……..

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LSE:BT.A British Telecom Close Mid-Price: 122 Percentage Change: -0.20% Day High: 124.35 Day Low: 120.1

If British Telecom experiences continued weakness below 120, it will invar ……..

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LSE:CBX Cellular Goods Close Mid-Price: 0.72 Percentage Change: -6.45% Day High: 0.78 Day Low: 0.72

Continued weakness against CBX taking the price below 0.72 calculates as l ……..

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LSE:CEY Centamin Close Mid-Price: 88.6 Percentage Change: -0.45% Day High: 89 Day Low: 87.15

If Centamin experiences continued weakness below 87, it will invariably le ……..

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LSE:DGE Diageo. Close Mid-Price: 3270 Percentage Change: + 0.00% Day High: 3290 Day Low: 3252.5

Continued weakness against DGE taking the price below 3252 calculates as l ……..

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LSE:ECO ECO (Atlantic) O & G Close Mid-Price: 13.4 Percentage Change: -4.29% Day High: 14 Day Low: 13.25

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LSE:ITM ITM Power Close Mid-Price: 66.84 Percentage Change: -0.83% Day High: 69.46 Day Low: 65.7

Continued weakness against ITM taking the price below 65.5 calculates as l ……..

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LSE:NG. National Glib Close Mid-Price: 988.8 Percentage Change: -1.04% Day High: 1004 Day Low: 987.8

Continued weakness against NG. taking the price below 987 calculates as le ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 109 Percentage Change: -7.23% Day High: 117.5 Day Low: 109

Target Met. Movement now below 109 indicates the potential of a visit to 9 ……..

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

Lloyds Banking Group (LSE:LLOY) is looking glaikit

#Brent #Germany  It’s nice to know, in these troubling times, the UK stock market indeed retains a sense of humour. The extract below from our June analysis on Lloyds shows a completely surprising share price reversal, one we’d speculated as being due a week earlier. What proved doubly hilarious was we’d written 41p as the target level, but our calculations actually gave it as 41.26p. Guess what? On June 24th the share price hit 41.24p, enacting a limp bounce thereafter, about as newsworthy as George Osborne’s recent wedding!

 

Despite a degree of “smug” being permitted, the real story here was further emphasis of our oft made point. It isn’t the Trend which is important, it’s how the price reacts to the Trend. This proved a perfect case in point and hopefully, the next part of the story will come to fruition. After all, there are a few things playing in Lloyds favour at present.

Firstly, their share price Did Not break the 41p level, this should be quite a big deal. Secondly, the market appears to be playing by the rules (whatever they are) and now it should be the case where Lloyds bank share price actually does something useful. We do not regard the movement from 41p to 44p as fulfilling such a criteria. The immediate situation for Lloyds suggests the share price needs exceed 44.5p to trigger near term recovery to a confident looking 48.8p with our secondary, if this ambition is exceeded, working out at a visually correct 54p, a point where there’s a fairly strong hint of some hesitation. Our usual perspective demands the share close above this series of highs at the 54p level before drooling with enthusiasm for strong gains in the future.

 

To stalk the dark side, there’s a fair amount to dislike since the “bounce” from the 41p level as it’s not looking interesting, creating a situation where we shall not be surprised if the price discovers another excuse to weaken to 41p. It is still the case below 41p calculates with the potential of a visit to 36.8, maybe even 35p. The proximity of these target levels strongly suggests a “bottom” in waiting, our nerves justified by the salient detail the so called “bounce” from 41p failed to exceed the Blue downtrend on the chart below.

Lloyds share price is currently pretty confusing and if expecting substantial gains, we’re starting to suspect we shall enjoy greater success awaiting dandelions to become sentient, opt to move somewhere else than our garden, and perhaps enter Scottish politics.

 

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
1:22:18PM BRENT 7822.3 7640 7562 7466 7710 7852 7946 8200 7660
1:24:54PM GOLD 1924.46 1923
9:48:15PM FTSE 7263 7263
9:50:35PM STOX50 4235.3 4226
9:52:32PM GERMANY 15624.9 15450 15382 15033 15662 15700 15768 15874 15581
9:54:18PM US500 4402.9 4410
9:56:31PM DOW 33760 33835
9:57:52PM NASDAQ 15048.4 15090
10:00:19PM JAPAN 32407 32580

 

7/07/2023 FTSE Closed at 7256 points. Change of -0.33%. Total value traded through LSE was: £ 3,798,027,374 a change of -31.82%
6/07/2023 FTSE Closed at 7280 points. Change of -2.18%. Total value traded through LSE was: £ 5,570,653,867 a change of 7.74%
5/07/2023 FTSE Closed at 7442 points. Change of -1.02%. Total value traded through LSE was: £ 5,170,439,166 a change of 50.69%
4/07/2023 FTSE Closed at 7519 points. Change of -0.11%. Total value traded through LSE was: £ 3,431,263,448 a change of -36.49%
3/07/2023 FTSE Closed at 7527 points. Change of -0.05%. Total value traded through LSE was: £ 5,402,403,715 a change of 3.4%
30/06/2023 FTSE Closed at 7531 points. Change of 0.8%. Total value traded through LSE was: £ 5,224,612,707 a change of -11.43%
29/06/2023 FTSE Closed at 7471 points. Change of -0.39%. Total value traded through LSE was: £ 5,898,729,234 a change of 13.7%

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

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

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

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

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


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

Click Epic to jump to share: LSE:AZN Astrazeneca** **LSE:BDEV Barrett Devs** **LSE:DGE Diageo** **LSE:GKP Gulf Keystone** **LSE:GRG Greggs** **LSE:IGG IG Group** **LSE:NG. National Glib** **LSE:SPX Spirax** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **

********

Updated charts published on : Astrazeneca, Barrett Devs, Diageo, Gulf Keystone, Greggs, IG Group, National Glib, Spirax, Taylor Wimpey, Vodafone,


LSE:AZN Astrazeneca Close Mid-Price: 10110 Percentage Change: -2.11% Day High: 10308 Day Low: 10078

Continued weakness against AZN taking the price below 10078 calculates as ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 402.7 Percentage Change: + 0.42% Day High: 402.1 Day Low: 397.4

Weakness on Barrett Devs below 397.4 will invariably lead to 361 with sec ……..

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LSE:DGE Diageo Close Mid-Price: 3270 Percentage Change: -1.42% Day High: 3307 Day Low: 3269

Continued weakness against DGE taking the price below 3269 calculates as ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 114.4 Percentage Change: + 1.60% Day High: 114.4 Day Low: 110

In the event Gulf Keystone experiences weakness below 110 it calculates w ……..

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LSE:GRG Greggs. Close Mid-Price: 2532 Percentage Change: + 2.18% Day High: 2528 Day Low: 2474

In the event Greggs experiences weakness below 2474 it calculates with a ……..

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LSE:IGG IG Group. Close Mid-Price: 636.5 Percentage Change: + 0.63% Day High: 643 Day Low: 632

Target met. In the event IG Group experiences weakness below 632 it calcu ……..

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LSE:NG. National Glib Close Mid-Price: 999.2 Percentage Change: -2.04% Day High: 1014 Day Low: 994.4

Target met. Continued weakness against NG. taking the price below 994.4 c ……..

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LSE:SPX Spirax Close Mid-Price: 9974 Percentage Change: -0.85% Day High: 10045 Day Low: 9856

Target met. Continued weakness against SPX taking the price below 9856 ca ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 100.45 Percentage Change: + 0.75% Day High: 100.55 Day Low: 98.92

Weakness on Taylor Wimpey below 98.92 will invariably lead to 97 with sec ……..

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LSE:VOD Vodafone Close Mid-Price: 70.71 Percentage Change: -0.04% Day High: 70.84 Day Low: 69.85

Weakness on Vodafone below 69.85 will invariably lead to 68.5p with secon ……..

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