Author: T&T Staff

(NYSE:GME) #Gold #SP500  My wife, out doing the dog walk, was hailed by another dog walker who introduced herself as “The Dead Woman”. Thankfully, each immediately fell about giggling. My habit of giving folk nicknames while remembering their dogs name made recounting stories after a walk easy as no-one really walks dogs meet people. But my wife was horrified at “The Dead Woman” moniker, demanding I ‘fess up and actually swap names with her, probably the first time in history a wife demanded her husband introduce himself to a strange woman! Thus, the lady who works for a Funeral company now has a real name. It transpires everyone does similar things, my wife known as Penny WUF due to one of our dog names and three letters from her car number plate.

 

We’re allowed to be whimsical and today, we’re taking a look at this American share, ‘cos it was nearly 500 dollars in 2021 and presents itself with the potential for a quick lesson. A shorting campaign, leading to the inevitable useless political “awkward questions” and now, it’s trading around $24 with folk mentioning it’s a bargain. As a result, there’s no shortage of folk claiming the share price is ready to skyrocket again (it isn’t) but perhaps, we may give our brief thoughts on “the trend”. (No share is ever a bargain. Sometimes, prices stop going down, when they stop trading…)

 

Firstly, there’s the drop dead obvious downtrend since January 2021, a pair of market highs giving ample excuse to paint a Blue downtrend on the chart. We use Blue for downtrends, Red for uptrends, and the reason is simple, it makes a bland chart more colourful. There is no other reason.

Having drawn a downtrend, the first question which must be asked; “Is this maybe valid?”

Thankfully, in the case of Gamestop, the market absolutely answered “Yes” with a movement in March of this year. As the chart below highlights, the share price was gapped above the Blue line, a fairly obvious motion which forecefully hints the downtrend may be over. Unfortunately, since the share price was barged above the Blue downtrend, not much has really happened and any promise of the share price shooting above $150 as mooted on some fanciful internet chatrooms remains, like a politicians conscience, empty.

Now, if we take a look at the last two months since the trend break at 19.50 US dollars, what has really happened?

From our perspective, quite a lot, and it leaves plenty of room for some optimism in the period ahead. If we choose to focus on the share Closing Prices as they appear less likely to be the victim of internet fuelled certainty. Instead, we can see the share price is currently trading at the highest levels since the trend break. Generally, this is regarded as a good thing with the next “safe” indicator supposed to be when a share price exceeds the most recent level which defined the Blue downtrend. As this is around $159, it’s sane to suggest it isn’t going to happen anytime soon. But we still like it when a price starts to achieve ‘higher highs’ once it has broken a trend.

 

For Gamestop, the immediate situation suggests movement above just $26 should now make an attempt at an initial $32 with our longer term secondary, if beaten, working out at a future $39. While neither ambition comes close to the values once achieved, this particular share price needs a massive fairy with a massive wand to boost it by a $100 dollars. Or perhaps they shall issue a set of stunning earnings results but, we’d guess from price movements, the real “trend” for Gamestop was established with movements since August 2022 with any recovery of strength being applied, due to a history of hard work and solid progress. This, unfortunately, is also known as the slow path but for now, we’re optimistic about its future. Time, as always, remains the unknown constraint.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:39:01PM	BRENT	76.3									‘cess
9:41:20PM	GOLD	1961.57	1949	1938	1923	1967	1967	1973	1985	1955	‘cess
10:04:09PM	FTSE	7594.43									‘cess
10:21:53PM	STOX50	4288									‘cess
10:24:13PM	GERMANY	15951									‘cess
10:26:25PM	US500	4275.62	4268	4261	4248	4284	4302	4328	4361	4268
10:28:12PM	DOW	33579
10:30:16PM	NASDAQ	14555									‘cess
10:32:31PM	JAPAN	32124									Success

 

5/06/2023 FTSE Closed at 7599 points. Change of -0.11%. Total value traded through LSE was: £ 4,026,661,677 a change of -31.04%

2/06/2023 FTSE Closed at 7607 points. Change of 1.56%. Total value traded through LSE was: £ 5,839,256,981 a change of 14.36%

1/06/2023 FTSE Closed at 7490 points. Change of 0.59%. Total value traded through LSE was: £ 5,105,968,663 a change of -64.14%

31/05/2023 FTSE Closed at 7446 points. Change of -1.01%. Total value traded through LSE was: £ 14,237,190,282 a change of 154.29%

30/05/2023 FTSE Closed at 7522 points. Change of -1.38%. Total value traded through LSE was: £ 5,598,786,913 a change of 22.18%

26/05/2023 FTSE Closed at 7627 points. Change of 0.75%. Total value traded through LSE was: £ 4,582,588,809 a change of -1.57%

25/05/2023 FTSE Closed at 7570 points. Change of -100%. Total value traded through LSE was: £ 4,655,843,667 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:CCL Carnival** **LSE:DGE Diageo** **LSE:MKS Marks and Spencer** **LSE:MMAG Music Magpie** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Carnival, Diageo, Marks and Spencer, Music Magpie, Natwest, Ocado Plc, Zoo Digital,

LSE:CCL Carnival. Close Mid-Price: 871.8 Percentage Change: + 1.47% Day High: 871.6 Day Low: 856.2

Target met. Further movement against Carnival ABOVE 871.6 should improve ……..

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LSE:DGE Diageo Close Mid-Price: 3332 Percentage Change: -1.20% Day High: 3410 Day Low: 3323

Weakness on Diageo below 3323 will invariably lead to 3288 with secondary ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 187.9 Percentage Change: + 0.99% Day High: 189.7 Day Low: 186.9

Continued trades against MKS with a mid-price ABOVE 189.7 should improve ……..

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LSE:MMAG Music Magpie Close Mid-Price: 15.75 Percentage Change: -4.55% Day High: 16.5 Day Low: 15.75

In the event Music Magpie experiences weakness below 15.75 it calculates ……..

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LSE:NWG Natwest Close Mid-Price: 258.5 Percentage Change: -2.45% Day High: 266.4 Day Low: 256.9

If Natwest experiences continued weakness below 256.9, it will invariably ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 343.4 Percentage Change: -4.13% Day High: 364 Day Low: 342.4

Target met. If Ocado Plc experiences continued weakness below 342.4, it w ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 117.5 Percentage Change: -3.69% Day High: 127.75 Day Low: 116.5

Weakness on Zoo Digital below 116.5 will invariably lead to 109 with seco ……..

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

#Brent #DAX  The list of things to moan about is extensive. Additions this weekend include the Covid-19 vaccine and the incredibly boring Spanish Grand Prix. Receiving the vaccine from on Friday afternoon was daft, ensuring any side effects would last the weekend. Suffice to say, there were side effects which effectively turned Saturday into a non-day. It was strange, waking up at the usual 7am, ready to carefully plan which jobs could be avoided by watching Formula1 qualifying.

 

Unfortunately, 30 minutes later, the first side effects of the Covid-19 jag (Pfizer, yet again) made themselves known as every single bone decided it wanted to broadcast pain signals. And just to make it interesting, suddenly the temperature felt like it had dropped, shaking violently with extreme discomfort and, to be honest, panic. Four hours later, painful bones had walked out, replaced with horrible muscle pains in the legs and arms and in another hour or so, the freezing temperature sensation decided to vanish, leaving a blinding headache instead.

Sleep, thank goodness, was waiting in the wings and while knowing it was “just” the side effects of the vaccine, experiencing the reality made it easy to opt to miss watching live qualifying, sleeping on and off until 9pm on Saturday night. Apparently, for fans of the weather, it had been a good day.

 

Waking on Sunday morning at 7am, expecting a “rinse & repeat” session, like competent government, all side effects had vanished and the remaining few hours of the weekend were spent catching up with everything not done on Saturday. By good grace, the motor race was to prove easy to avoid thanks to processional racing which allowed plenty of time to attach something dangerous to a grass strimmer, a spinning tool with 6 thick knife blades, a probably highly illegal (bought it on eBay) device which makes hedges and bushes wish they’d never been born. Regardless of the number of wasps or bees inhabiting a hedge, by being a safe(ish) 4 feet away, there are usually few dramatics. This time around, shutting the engine down every 10 minutes to go check on the motor race revealed the top 10 was essentially unchanged, there being no point in rewinding to catch some action.

 

 

However, it appears Natwest share price remains more boring than a Formula1 race, even one seasoned with Pfizer side effects. When we previously reviewed the share, we promised great things if it would only close a session above 270p.

It did!

The initial euphoria lasting just a single session until the market decided it had a better idea, once again plunging the share price below the Green downtrend since 2015, causing us to write this trend line off as a bad show. This creates a situation where we’re supposed to promise movement next above 276p should target an initial 295p with secondary, if exceeded, at 305 and some very, very, probable hesitation is any rise.

For this to start going properly wrong for Natwest, their share price now needs below 251 for concern, allowing reversal to trigger to an initial 243p with our secondary, if the initial breaks, calculating down at 238p and hopefully a proper bounce.

 

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:45:58PM	BRENT	76.31	74.2	73.5	72.51	75.24	76.47	76.68	78.46	75.11	‘cess
10:48:47PM	GOLD	1948.38								1973
10:52:11PM	FTSE	7621.89								7582	Success
10:53:57PM	STOX50	4328.7								4294	‘cess
10:56:08PM	GERMANY	16054.28	15883	15840	15762	15978	16076	16088	16243	16011	‘cess
10:58:16PM	US500	4281.02								4240	Success
11:01:17PM	DOW	33764.2								33522	Success
11:03:23PM	NASDAQ	14533.75								14517	Success
11:06:01PM	JAPAN	31905								31827	Success

 

2/06/2023 FTSE Closed at 7607 points. Change of 1.56%. Total value traded through LSE was: £ 5,839,256,981 a change of 14.36%

1/06/2023 FTSE Closed at 7490 points. Change of 0.59%. Total value traded through LSE was: £ 5,105,968,663 a change of -64.14%

31/05/2023 FTSE Closed at 7446 points. Change of -1.01%. Total value traded through LSE was: £ 14,237,190,282 a change of 154.29%

30/05/2023 FTSE Closed at 7522 points. Change of -1.38%. Total value traded through LSE was: £ 5,598,786,913 a change of 22.18%

26/05/2023 FTSE Closed at 7627 points. Change of 0.75%. Total value traded through LSE was: £ 4,582,588,809 a change of -1.57%

25/05/2023 FTSE Closed at 7570 points. Change of -0.75%. Total value traded through LSE was: £ 4,655,843,667 a change of -31.38%

24/05/2023 FTSE Closed at 7627 points. Change of -1.74%. Total value traded through LSE was: £ 6,784,933,914 a change of 44.14%

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:CCL Carnival** **LSE:IPF International Personal Finance** **LSE:MMAG Music Magpie** **LSE:NG. National Glib** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **

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Updated charts published on : AFC Energy, Carnival, International Personal Finance, Music Magpie, National Glib, Scottish Mortgage Investment Trust, Vodafone, Zoo Digital,

LSE:AFC AFC Energy Close Mid-Price: 15.08 Percentage Change: -1.18% Day High: 15.74 Day Low: 15

Weakness on AFC Energy below 15 will invariably lead to 14 with secondary ……..

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LSE:CCL Carnival. Close Mid-Price: 859.2 Percentage Change: + 5.60% Day High: 860 Day Low: 827

All Carnival needs are mid-price trades ABOVE 860 to improve acceleration ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 115 Percentage Change: + 2.68% Day High: 116.5 Day Low: 112

Continued trades against IPF with a mid-price ABOVE 116.5 should improve ……..

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LSE:MMAG Music Magpie Close Mid-Price: 16.5 Percentage Change: -4.35% Day High: 17.25 Day Low: 16.5

Continued weakness against MMAG taking the price below 16.5 calculates as ……..

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LSE:NG. National Glib Close Mid-Price: 1055 Percentage Change: -0.05% Day High: 1060 Day Low: 1041.5

Weakness on National Glib below 1041.5 will invariably lead to 1038 with ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 697.6 Percentage Change: + 3.69% Day High: 699 Day Low: 678

All Scottish Mortgage Investment Trust needs are mid-price trades ABOVE 6 ……..

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LSE:VOD Vodafone Close Mid-Price: 75.63 Percentage Change: -0.66% Day High: 77.54 Day Low: 74.15

Continued weakness against VOD taking the price below 74.15 calculates as ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 122 Percentage Change: -0.81% Day High: 123 Day Low: 121

If Zoo Digital experiences continued weakness below 121, it will invariab ……..

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

#FTSE #GOLD  Market behaviour against a trend can prove interesting. For instance, the FTSE appears to be bouncing just above the immediate RED uptrend which, at time of writing, lurks at 7437.463 points. With the index hitting 7446 points and then rebounding, the given implication is one of strength but experience has taught the opposite can be true. Essentially, just as a break of a trend can serve as a warning, equally an effort to avoid a trend also provides a warning for potential trouble.

Quite why this is the case defeats us but it happens sufficiently often for us to refer to “the market reacting to a trend from afar”. Generally, when this nonsense occurs in the presence of a downtrend, it invariably is a precursor to a sharp, often spectacular, upward movement.

Unfortunately, in this instance, the movement has occurred above an uptrend and as a result, we suspect the worst is ahead.

 

 

However, from a near term perspective, things don’t look terribly dire and now above just 7509 points should trigger market recovery to an initial 7545 points with secondary, if exceeded, calculating at 7587 points. Neither ambition appears capable of recovering the FTSE into visual safety, above BLUE at 7640 points presently. If this triggers, the tightest stop loss looks like 7470 points.

 

Our alternate scenario allows for weakness below 7437 to trigger reversal down to 7329 points with secondary, if broken, at 7218 points. Surprisingly, in this situation, the stop loss level looks absurdly tight given the drop potentials, working out at 7470 points.

 

 

Have a good weekend. Hopefully the Barcelona Grand Prix turns out as enjoyable as Monaco, something we never thought we’d write! But Monaco was pretty rubbish for over 1/2 the race, then was saved by some rain.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:56:16PM	BRENT	74.37	71.23	70.32		73.03	75.21	76.05		74	‘cess
9:58:29PM	GOLD	1977.86	1953	1946		1967	1983	1986		1971	Success
10:00:10PM	FTSE	7507.8	7439	7430		7484	7508	7526		7488
10:01:59PM	STOX50	4271.1	4213	4198		4243	4277	4304		4247
10:04:29PM	GERMANY	15892	15695	15643		15767	15902	15976		15824
10:06:44PM	US500	4225.47	4171	4149		4197	4233	4244		4212	Shambles
10:08:58PM	DOW	33098.4	32678	32610		32859	33161	33178		33008	Shambles
10:10:54PM	NASDAQ	14473.8	14217	14116		14307	14500	14539		14402	‘cess
10:20:08PM	JAPAN	31386	31083	31030		31264	31431	31452		31317	Success

 

1/06/2023 FTSE Closed at 7490 points. Change of 0.59%. Total value traded through LSE was: £ 5,105,968,663 a change of -64.14%

31/05/2023 FTSE Closed at 7446 points. Change of -1.01%. Total value traded through LSE was: £ 14,237,190,282 a change of 154.29%

30/05/2023 FTSE Closed at 7522 points. Change of -1.38%. Total value traded through LSE was: £ 5,598,786,913 a change of 22.18%

26/05/2023 FTSE Closed at 7627 points. Change of 0.75%. Total value traded through LSE was: £ 4,582,588,809 a change of -1.57%

25/05/2023 FTSE Closed at 7570 points. Change of -0.75%. Total value traded through LSE was: £ 4,655,843,667 a change of -31.38%

24/05/2023 FTSE Closed at 7627 points. Change of -1.74%. Total value traded through LSE was: £ 6,784,933,914 a change of 44.14%

23/05/2023 FTSE Closed at 7762 points. Change of -100%. Total value traded through LSE was: £ 4,707,065,644 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:ASC Asos** **LSE:AVCT Avacta** **LSE:DGE Diageo** **LSE:IGAS Igas Energy** **LSE:JET Just Eat** **LSE:MMAG Music Magpie** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Asos, Avacta, Diageo, Igas Energy, Just Eat, Music Magpie, National Glib, Natwest, Ocado Plc, Primary Health, Vodafone, Zoo Digital,

LSE:ASC Asos Close Mid-Price: 342 Percentage Change: -0.38% Day High: 346.9 Day Low: 332

If Asos experiences continued weakness below 332, it will invariably lead ……..

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LSE:AVCT Avacta Close Mid-Price: 104 Percentage Change: -3.70% Day High: 108.5 Day Low: 103.5

Continued weakness against AVCT taking the price below 103.5 calculates a ……..

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LSE:DGE Diageo Close Mid-Price: 3344.5 Percentage Change: -0.07% Day High: 3365 Day Low: 3326.5

Target met. In the event Diageo experiences weakness below 3326.5 it calc ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 15.18 Percentage Change: + 5.27% Day High: 15.04 Day Low: 14.5

If Igas Energy experiences continued weakness below 14.5, it will invaria ……..

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LSE:JET Just Eat Close Mid-Price: 1166 Percentage Change: -3.56% Day High: 1220 Day Low: 1158

Target met. In the event Just Eat experiences weakness below 1158 it calc ……..

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LSE:MMAG Music Magpie Close Mid-Price: 17.25 Percentage Change: -1.43% Day High: 17.5 Day Low: 16.75

Weakness on Music Magpie below 16.75 will invariably lead to 14.5 with se ……..

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LSE:NG. National Glib Close Mid-Price: 1055.5 Percentage Change: -4.57% Day High: 1067 Day Low: 1049.5

Target met. If National Glib experiences continued weakness below 1049.5, ……..

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LSE:NWG Natwest. Close Mid-Price: 263.4 Percentage Change: + 1.46% Day High: 264.8 Day Low: 258.2

In the event Natwest experiences weakness below 258.2 it calculates with ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 352.4 Percentage Change: -4.50% Day High: 377.4 Day Low: 349.9

Target met. Continued weakness against OCDO taking the price below 349.9 ……..

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LSE:PHP Primary Health. Close Mid-Price: 100.5 Percentage Change: + 0.80% Day High: 104.6 Day Low: 98.7

In the event Primary Health experiences weakness below 98.7 it calculates ……..

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LSE:VOD Vodafone Close Mid-Price: 76.13 Percentage Change: -0.31% Day High: 76.92 Day Low: 75.69

If Vodafone experiences continued weakness below 75.69, it will invariabl ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 123 Percentage Change: -0.81% Day High: 126 Day Low: 122

Continued weakness against ZOO taking the price below 122 calculates as l ……..

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

#Gold #WallSt  The newest buzzword in the marketplace, Artificial Intelligence, is probably a serious issue for the crypto sector. After revelling in the dubious glow of imaginary success, the “new” buzzword has nudged things like Blockchain and Data Mining out of the fast lane as AI edges into position as the great saviour of the marketplace. With WPP teaming up with Nvidia, perhaps the advertising industry is on the edge of the dystopian vision of advertising as shown in movies such as “The Running Man” or “Total Recall”, where a commute to work is punctuated by targeted, instantly generated personalised advertising.

All it will need is facial recognition to recognise individuals, doubtless to be the subject of media hysterics anytime soon.

 

Okay, perhaps we’re being a little melodramatic, easily influenced by the work of authors such as Philip K Dick and Stephen King, neither of whom are famed for a view of the future through rose tinted glasses.

 

 

It’s been a slight surprise the hook up between WPP and Nvidia has failed, so far, to produce anything spectacular with WPP’s share price. Chipmaker Nvidia, on the other hand, continues to soar on the Nasdaq and looks capable of attaining $465 eventually, currently trading around $378 and starting 2023 down at $140!. To compare, WPP started this year at 820p and currently look troubled at 854p.

 

The immediate situation for WPP suggests weakness below 850p should promote reversal to 827p and perhaps some sort of bounce. We’re not particularly confident with such a scenario, suspecting 827p shall break on an initial downward surge, revealing the potential of an eventual bottom at 743p and hopefully a proper rebound.  Glancing at the chart below, the 740p level has history in providing a floor, one which hopefully isn’t made of thin ice as breakage threatens a visit to an eventual bottom of 508p.

 

If things intend become useful for WPP, about the best we dare suggest is a scenario which requires the share price exceed 952p, hopefully triggering price recovery to an initial 1110p with our secondary, if bettered, at 1439p, requiring another hard look at future potentials.

 

 

For now, we suspect WPP intends an eventual bounce just before 743p.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:29:51PM	BRENT	72.37									‘cess
9:31:56PM	GOLD	1963.43	1954	1952	1945	1961	1969	1972	1974	1963	‘cess
9:34:44PM	FTSE	7467.9									Success
9:51:39PM	STOX50	4235.6									ditto
11:06:45PM	GERMANY	15707.98									ditto
11:26:52PM	US500	4184.17									ditto
11:29:34PM	DOW	32869	32735	32646	32533	32911	33007	33107	33231	32917	ditto
11:31:41PM	NASDAQ	14265.82
11:34:30PM	JAPAN	30769									Success

31/05/2023 FTSE Closed at 7446 points. Change of -1.01%. Total value traded through LSE was: £ 14,237,190,282 a change of 154.29%

30/05/2023 FTSE Closed at 7522 points. Change of -1.38%. Total value traded through LSE was: £ 5,598,786,913 a change of 22.18%

26/05/2023 FTSE Closed at 7627 points. Change of 0.75%. Total value traded through LSE was: £ 4,582,588,809 a change of -1.57%

25/05/2023 FTSE Closed at 7570 points. Change of -0.75%. Total value traded through LSE was: £ 4,655,843,667 a change of -31.38%

24/05/2023 FTSE Closed at 7627 points. Change of -1.74%. Total value traded through LSE was: £ 6,784,933,914 a change of 44.14%

23/05/2023 FTSE Closed at 7762 points. Change of -0.1%. Total value traded through LSE was: £ 4,707,065,644 a change of -36.1%

22/05/2023 FTSE Closed at 7770 points. Change of -100%. Total value traded through LSE was: £ 7,366,100,317 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:BP. BP PLC** **LSE:DGE Diageo** **LSE:FRES Fresnillo** **LSE:ITM ITM Power** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:MMAG Music Magpie** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:SDY Speedyhire** **LSE:SRP Serco** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : AFC Energy, Aston Martin, Asos, Aviva, BP PLC, Diageo, Fresnillo, ITM Power, ITV, Just Eat, Music Magpie, Natwest, Ocado Plc, Speedyhire, Serco, Vodafone, Zoo Digital,

LSE:AFC AFC Energy Close Mid-Price: 15.26 Percentage Change: -9.49% Day High: 16.88 Day Low: 15.12

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LSE:AML Aston Martin. Close Mid-Price: 284 Percentage Change: + 9.57% Day High: 290 Day Low: 255.2

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LSE:ASC Asos Close Mid-Price: 343.3 Percentage Change: -3.57% Day High: 368.5 Day Low: 338.4

In the event Asos experiences weakness below 338.4 it calculates with a d ……..

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LSE:AV. Aviva Close Mid-Price: 394.2 Percentage Change: -2.69% Day High: 405.2 Day Low: 392.7

Continued weakness against AV. taking the price below 392.7 calculates as ……..

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LSE:BP. BP PLC Close Mid-Price: 453.3 Percentage Change: -2.85% Day High: 467.35 Day Low: 447.2

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LSE:DGE Diageo Close Mid-Price: 3347 Percentage Change: -1.63% Day High: 3387 Day Low: 3348.5

Target met. Continued weakness against DGE taking the price below 3348.5 ……..

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LSE:FRES Fresnillo Close Mid-Price: 648 Percentage Change: -0.09% Day High: 653 Day Low: 638.8

Target met. Weakness on Fresnillo below 638.8 will invariably lead to 629 ……..

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LSE:ITM ITM Power. Close Mid-Price: 69.24 Percentage Change: + 3.28% Day High: 70.2 Day Low: 66

Continued weakness against ITM taking the price below 66 calculates as le ……..

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LSE:ITV ITV Close Mid-Price: 69.8 Percentage Change: -1.80% Day High: 71 Day Low: 69.26

If ITV experiences continued weakness below 69.26, it will invariably lea ……..

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LSE:JET Just Eat Close Mid-Price: 1209 Percentage Change: -6.42% Day High: 1280 Day Low: 1207

Target met. Weakness on Just Eat below 1207 will invariably lead to 1181 ……..

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LSE:MMAG Music Magpie Close Mid-Price: 17.5 Percentage Change: -4.11% Day High: 18.25 Day Low: 17.5

Target met. If Music Magpie experiences continued weakness below 17.5, it ……..

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LSE:NWG Natwest Close Mid-Price: 259.6 Percentage Change: -2.15% Day High: 265.8 Day Low: 259.5

Continued weakness against NWG taking the price below 259.5 calculates as ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 369 Percentage Change: -5.84% Day High: 390.6 Day Low: 367.2

Target met. Weakness on Ocado Plc below 367.2 will invariably lead to 355 ……..

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LSE:SDY Speedyhire Close Mid-Price: 30.9 Percentage Change: -8.04% Day High: 33.05 Day Low: 30.15

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LSE:SRP Serco Close Mid-Price: 142.9 Percentage Change: -0.69% Day High: 144.4 Day Low: 142.5

If Serco experiences continued weakness below 142.5, it will invariably l ……..

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LSE:VOD Vodafone Close Mid-Price: 76.37 Percentage Change: -1.77% Day High: 78.9 Day Low: 76.25

Weakness on Vodafone below 76.25 will invariably lead to 73 with secondar ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 124 Percentage Change: -5.70% Day High: 131.5 Day Low: 125.5

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

#Brent #Dax  Few things are more enjoyable than a surprise holiday Monday. We’d totally forgotten about the one at the end of May, only a last minute invite on Sunday to a BBQ across on the mainland letting us know we’d a free day ahead. Usually, we’ll take steps to give the impression we were working on the holiday but, as we were all attending, such an ambition proved impossible! Instead, a decision was made to refrain from drinking and to knock together something plausible, when the party was over. Unfortunately, this ambition failed to make it past a cousin who’d also a great friend, albeit one with a dodgy sense of humour.

 

Two glasses of wine was all it took to knock me out. Some years ago, we discovered quality red wine is ‘fined’ (presumably a posh term for refined) through gluten and egg white. The method of discovery was simple, the pair of us sharing a bottle of Chateauneuf Du Pape over lunch followed by by me passing out for a day. Since then, as a dedicated cheap wino due to being allergic to egg and also suffer from Coeliac disease (the gluten thing), the joy of a quality glass of plonk has been sadly missed. But the two glasses of Red at the BBQ were excellent, despite each being poured from petrol station wine box, and ignoring the party, falling sound asleep, was the only available option. This fell quite solidly into the “with friends like this, who needs enemies” category as he tried to explain he’d a theory my previous reaction was contrived, because I’d expected it. But on the bright side, I’d only had two glasses of the wine which he’d somehow decanted into the cheap petrol station wine box and thus, left plenty for everyone else!

My wife, on Tuesday, was literally hopping from foot to foot with utter fury, when the “joke” was revealed. After all, she didn’t grow up with the pair of us and our merciless behaviour through childhood, maturing into elaborate practical jokes as we grow older. This time, I only slept for 19 hours, making me suspect the makers of Chateauneuf Du Pape perhaps are easing on their contents in homage to the current round of shrinkflation greed damaging retail.

 

All kidding aside, this perhaps shall provoke troubles for retailers as the year develops and earnings are reported. There must be many folk lifting an item from the shelves in a supermarket, only to decide “nope” as the packet of biscuits once were heavier, the coffee bag once held 300g of beans and now only 200g, an ailment spreading down most aisles of supermarkets. A personal guilty secret, gluten free choc-chip cookies, were in bags of 10 biscuits at the start of this year. Then, the contents shrunk to 8 and now, just 6 smaller cookies, making the decision to avoid buying them easy. Pepsi Cola became a private battle, their two litre bottles shrinking to 1.8 litres while the price increased. Around this point came the discovery supermarket cola tastes just fine with dark rum…

If these buying habits are repeated, it’s easy to suspect future retail earnings report shall be questionable.

 

 

For now, the banking sector remains the most immediate source of chaos as weakness now continuing below 44.9p for Lloyds looks capable of triggering reversal to an initial 43.4p. Should such a price level break, we suspect any bounce shall prove short lives as our secondary target works out at 41p and hopefully a proper bounce, despite the uptrend since 2020 being broken. We can make an eventual argument pointing at 35p as possible but this remains a target level we doubt.

 

If everything intends go right for Lloyds, the share price now needs exceed 50p to hint at the potential of miracle recovery to an initial 56p with secondary, if bettered, at a more useful future 61p. Alas, for now, a series of “lower lows” suggests Lloyds intends head to 41p again.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
9:17:47PM	BRENT	74.2	73.41	72.36	70.3	74.84	76.8	77.56	78.94	75.32
9:19:51PM	GOLD	1959.36								1950
9:21:30PM	FTSE	7536								7572
9:23:28PM	STOX50	4291.4								4287
9:32:56PM	GERMANY	15922.01	15883	15834	15751	15954	16035	16059	16118	15963
9:34:12PM	US500	4210.82								4214
9:35:48PM	DOW	33049.3								33095
9:37:53PM	NASDAQ	14378								14363
9:39:42PM	JAPAN	31135								31257

 

30/05/2023 FTSE Closed at 7522 points. Change of -1.38%. Total value traded through LSE was: £ 5,598,786,913 a change of 22.18%

26/05/2023 FTSE Closed at 7627 points. Change of 0.75%. Total value traded through LSE was: £ 4,582,588,809 a change of -1.57%

25/05/2023 FTSE Closed at 7570 points. Change of -0.75%. Total value traded through LSE was: £ 4,655,843,667 a change of -31.38%

24/05/2023 FTSE Closed at 7627 points. Change of -1.74%. Total value traded through LSE was: £ 6,784,933,914 a change of 44.14%

23/05/2023 FTSE Closed at 7762 points. Change of -0.1%. Total value traded through LSE was: £ 4,707,065,644 a change of -36.1%

22/05/2023 FTSE Closed at 7770 points. Change of 0.18%. Total value traded through LSE was: £ 7,366,100,317 a change of 37.01%

19/05/2023 FTSE Closed at 7756 points. Change of -100%. Total value traded through LSE was: £ 5,376,481,422 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:ASC Asos** **LSE:CAR Carclo** **LSE:CCL Carnival** **LSE:CNA Centrica** **LSE:EME Empyrean** **LSE:FRES Fresnillo** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:MMAG Music Magpie** **LSE:NWG Natwest** **LSE:SRP Serco** **LSE:VOD Vodafone** **

********

Updated charts published on : AFC Energy, Asos, Carclo, Carnival, Centrica, Empyrean, Fresnillo, ITV, Just Eat, Music Magpie, Natwest, Serco, Vodafone,

LSE:AFC AFC Energy Close Mid-Price: 16.86 Percentage Change: -3.77% Day High: 18.04 Day Low: 16.78

In the event AFC Energy experiences weakness below 16.78 it calculates wi ……..

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LSE:ASC Asos Close Mid-Price: 356 Percentage Change: -12.32% Day High: 415.2 Day Low: 356

Target met. Continued weakness against ASC taking the price below 356 cal ……..

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LSE:CAR Carclo. Close Mid-Price: 13 Percentage Change: + 8.33% Day High: 14 Day Low: 12.95

Continued trades against CAR with a mid-price ABOVE 14 should improve the ……..

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LSE:CCL Carnival Close Mid-Price: 796.4 Percentage Change: -0.10% Day High: 831.6 Day Low: 794

Continued trades against CCL with a mid-price ABOVE 831.6 should improve ……..

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LSE:CNA Centrica. Close Mid-Price: 119.9 Percentage Change: + 1.27% Day High: 122.2 Day Low: 118.9

Target met. Further movement against Centrica ABOVE 122.2 should improve ……..

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LSE:EME Empyrean Close Mid-Price: 0.82 Percentage Change: -20.39% Day High: 0.9 Day Low: 0.8

Target met. If Empyrean experiences continued weakness below 0.8, it will ……..

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LSE:FRES Fresnillo Close Mid-Price: 648.6 Percentage Change: -1.13% Day High: 661.4 Day Low: 644.4

Target met. If Fresnillo experiences continued weakness below 644.4, it w ……..

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LSE:ITV ITV Close Mid-Price: 71.08 Percentage Change: -0.75% Day High: 71.94 Day Low: 70.68

Target met. In the event ITV experiences weakness below 70.68 it calculat ……..

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LSE:JET Just Eat Close Mid-Price: 1292 Percentage Change: -3.08% Day High: 1342 Day Low: 1293

If Just Eat experiences continued weakness below 1293, it will invariably ……..

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LSE:MMAG Music Magpie Close Mid-Price: 18.25 Percentage Change: -3.95% Day High: 19.25 Day Low: 18.25

In the event Music Magpie experiences weakness below 18.25 it calculates ……..

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LSE:NWG Natwest Close Mid-Price: 265.3 Percentage Change: -0.82% Day High: 269 Day Low: 264.8

Weakness on Natwest below 264.8 will invariably lead to 238 with secondar ……..

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LSE:SRP Serco Close Mid-Price: 143.9 Percentage Change: -1.17% Day High: 145.8 Day Low: 143.7

Continued weakness against SRP taking the price below 143.7 calculates as ……..

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LSE:VOD Vodafone Close Mid-Price: 77.75 Percentage Change: -2.16% Day High: 79.97 Day Low: 77.42

Target met. In the event Vodafone experiences weakness below 77.42 it cal ……..

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

#FTSE #Gold  Historically, we distrust Bitcoin but visually, we’re on the edge of suspecting it intends an “amusing” strategy anytime soon, due to some recent price movements.  Since April, the price of the imaginary currency has been paying homage to the downtrend since 2021 and often, this sort of thing will often exhibit a typical  end game. Which can be risky!

When a price becomes devoted to a trend line, matters will often conclude with a sharp ‘surprise and irrational’ movement and in the case of Bitcoin, we shall not be aghast if it suddenly discovers an excuse to decline below 25800 dollars to an immediate 25330 with secondary, if this initial breaks, at around 24800 dollars and hopefully a proper bounce. The interesting thing comes, if any bounce exceeds Blue on the chart, we’d hope for a visit to $30000 with secondary, if bettered, at an eventual 40000 dollars.

The risk element comes as this is clearly a case of trying to catch a falling knife but, in the case of something where price movements appear to be often manipulated, it can prove worth watching for the scenario unfolding.

 

The FTSE has been misbehaving this week, rarely doing anything which looked sane and now, quite worrying to note, the value has once again sneaked below the Blue downtrend which dates back to 2018. This sort of thing is interesting, making us question whether a new trend is about to spawn as the market feels like it doesn’t have a clue what to do. From a near term perspective, below 7569 risks reversal to a paltry 7555 points with secondary, if broken, at 7500 points.

Below 7500 risks quite a degree of pain as the FTSE enters a cycle where an eventual 7359 calculates as bottom. The tightest stop against this scenario works out 7650 points, wide but given the risk/reward, perfectly logical.

 

Our alternate scenario, should gains be planned, suggests movement above 7650 should attempt an initial 7680 points with secondary, if exceeded, calculating at a surprising 7755 points! Despite this being the weekend of the exquisitely boring Monte Carlo Grand Prix, we’re inclined toward optimism for the near future, suspecting Friday shall display some FTSE recovery.

 

Have a good weekend.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:39:13PM	BRENT	76.04	75.6	74.44		76.25	78.38	78.68		77.09	Success
9:40:55PM	GOLD	1940.74	1938	1934		1954	1964	1974		1954	‘cess
9:45:22PM	FTSE	7590.03	7558	7464		7648	7636	7655		7605
9:47:20PM	STOX50	4287.9	4248	4239		4273	4298	4312		4268
9:50:18PM	GERMANY	15836.78	15769	15668		15890	15890	15935		15814	‘cess
9:52:30PM	US500	4152.62	4127	4111		4151	4167	4181		4144
9:55:43PM	DOW	32753.7	32566	32254		32870	32868	32941		32674	‘cess
9:57:48PM	NASDAQ	13949	13783	13722		13847	13994	14064		13881	Success
9:59:52PM	JAPAN	13063	30603	30476		30903	31114	31297		30856	‘cess

 

25/05/2023 FTSE Closed at 7570 points. Change of -0.75%. Total value traded through LSE was: £ 4,655,843,667 a change of -31.38%

24/05/2023 FTSE Closed at 7627 points. Change of -1.74%. Total value traded through LSE was: £ 6,784,933,914 a change of 44.14%

23/05/2023 FTSE Closed at 7762 points. Change of -0.1%. Total value traded through LSE was: £ 4,707,065,644 a change of -36.1%

22/05/2023 FTSE Closed at 7770 points. Change of 0.18%. Total value traded through LSE was: £ 7,366,100,317 a change of 37.01%

19/05/2023 FTSE Closed at 7756 points. Change of 0.18%. Total value traded through LSE was: £ 5,376,481,422 a change of -9.9%

18/05/2023 FTSE Closed at 7742 points. Change of 0.25%. Total value traded through LSE was: £ 5,967,034,656 a change of 12.56%

17/05/2023 FTSE Closed at 7723 points. Change of -0.36%. Total value traded through LSE was: £ 5,301,388,137 a change of 17.83%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AV. Aviva** **LSE:EME Empyrean** **LSE:FRES Fresnillo** **LSE:GRG Greggs** **LSE:IDS International Distribution** **LSE:ITV ITV** **LSE:MMAG Music Magpie** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:QED Quadrise** **

********

Updated charts published on : Aviva, Empyrean, Fresnillo, Greggs, International Distribution, ITV, Music Magpie, National Glib, Natwest, Quadrise,

LSE:AV. Aviva. Close Mid-Price: 400.1 Percentage Change: + 0.30% Day High: 403.8 Day Low: 394.7

If Aviva experiences continued weakness below 394.7, it will invariably l ……..

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LSE:EME Empyrean Close Mid-Price: 1.06 Percentage Change: -3.78% Day High: 1 Day Low: 0.9

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LSE:FRES Fresnillo Close Mid-Price: 652.6 Percentage Change: -1.30% Day High: 662.2 Day Low: 652.4

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LSE:GRG Greggs. Close Mid-Price: 2658 Percentage Change: + 0.15% Day High: 2678 Day Low: 2600

Weakness on Greggs below 2600 will invariably lead to 2569 with secondary ……..

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LSE:IDS International Distribution Close Mid-Price: 196.85 Percentage Change: -0.05% Day High: 199.15 Day Low: 191.2

Continued weakness against IDS taking the price below 191.2 calculates as ……..

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LSE:ITV ITV Close Mid-Price: 72.44 Percentage Change: -0.44% Day High: 73.04 Day Low: 72.06

Weakness on ITV below 72.06 will invariably lead to 71 with secondary (if ……..

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LSE:MMAG Music Magpie Close Mid-Price: 18.5 Percentage Change: -3.90% Day High: 19.25 Day Low: 18.5

Continued weakness against MMAG taking the price below 18.5 calculates as ……..

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LSE:NG. National Glib Close Mid-Price: 1083.5 Percentage Change: -1.37% Day High: 1105 Day Low: 1074

In the event National Glib experiences weakness below 1074 it calculates ……..

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LSE:NWG Natwest. Close Mid-Price: 268.3 Percentage Change: + 0.07% Day High: 270.4 Day Low: 266.1

If Natwest experiences continued weakness below 266.1, it will invariably ……..

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LSE:QED Quadrise Close Mid-Price: 1.05 Percentage Change: -4.95% Day High: 0 Day Low: 0

Weakness on Quadrise below 1.05 will invariably lead to 0.7 and that’s it ……..

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

#Gold #NK225  While we count the minutes down to Monaco and what’s generally the most boring Grand Prix of the year, it’d be churlish not to review something fuel related. Shell, recently revealing astounding profit levels and surprising levels of PR incompetence at their AGM by allowing climate protesters to invade, while going on to defend their own emissions targets.

What remains funny is the habit of the media in continuing to attribute Shells doubling of profits to Ukraine, ignoring the reality of the jump in oil and gas prices occurring in the 3 months before the Ukraine thing kicked off. Thankfully, the pain of high fuel prices has eased considerably with today, here in Argyll, our local fuel station has Diesel priced at 129p/litre, Unleaded at 134p/litre. Across on the mainland, people are doubtless paying substantially less but fuel extortion is part of the cost of living in a remote area of Scotland.

To be honest, we’re clueless as to what brand of fuel is sold locally but think it’s probably Shell, due to the use of a corporate yellow everywhere in an independent outlet.

 

Since March, Shells share price movements have been just as chaotic as the company recent AGM proved. The value has pretended it’s going to go up, then produced a feint downward which also proved fake. But now, we’re a little worried, thanks to the share price carefully following an invisible path below the Red uptrend since 2020. The chart extract, showing the precise closing prices for each session,

begs the question, is this a warning for coming problems?

 

 

From an immediate perspective, if we take recent behaviour as a sign of nerves, it appears below 2320p risks triggering reversals to an initial 2216p with secondary, if broken, down at 2096p and hopefully a bounce. Just for light relief, we’ve decorated the chart with a 3rd level drop target should the secondary break as 1889p calculates as possible.

 

However, our inclination is to suspect Shell shall discover a reason for a share price boost. Unfortunately, it needs above 2496p to convince us of something useful happening as this works out with the potential of a visit to an initial 2629p with secondary, if bettered, at 2784p and doubtless some hesitation, due to prior highs back in 2018.

 

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:11:49PM	BRENT	77.97								77.54
9:14:42PM	GOLD	1959.65	1956	1943	1929	1970	1985	1992	2005	1971	‘cess
9:20:45PM	FTSE	7629.39								7612	Success
9:24:02PM	STOX50	4278.9								4294	Success
9:26:40PM	GERMANY	15907								16013	Success
9:29:47PM	US500	4133.72								4143	‘cess
9:32:30PM	DOW	32810								32983	Success
9:35:35PM	NASDAQ	13737								13688	‘cess
9:37:55PM	JAPAN	30555	30388	30306	29957	30594	30845	31006	31208	30660	‘cess

 

24/05/2023 FTSE Closed at 7627 points. Change of -1.74%. Total value traded through LSE was: £ 6,784,933,914 a change of 44.14%

23/05/2023 FTSE Closed at 7762 points. Change of -0.1%. Total value traded through LSE was: £ 4,707,065,644 a change of -36.1%

22/05/2023 FTSE Closed at 7770 points. Change of 0.18%. Total value traded through LSE was: £ 7,366,100,317 a change of 37.01%

19/05/2023 FTSE Closed at 7756 points. Change of 0.18%. Total value traded through LSE was: £ 5,376,481,422 a change of -9.9%

18/05/2023 FTSE Closed at 7742 points. Change of 0.25%. Total value traded through LSE was: £ 5,967,034,656 a change of 12.56%

17/05/2023 FTSE Closed at 7723 points. Change of -0.36%. Total value traded through LSE was: £ 5,301,388,137 a change of 17.83%

16/05/2023 FTSE Closed at 7751 points. Change of -0.33%. Total value traded through LSE was: £ 4,499,249,343 a change of -9.01%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AV. Aviva** **LSE:GRG Greggs** **LSE:IDS International Distribution** **LSE:MKS Marks and Spencer** **LSE:MMAG Music Magpie** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:PMG Parkmead** **LSE:QED Quadrise** **LSE:RBD Reabold Resources PLC** **

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Updated charts published on : Aviva, Greggs, International Distribution, Marks and Spencer, Music Magpie, National Glib, Natwest, Parkmead, Quadrise, Reabold Resources PLC,

LSE:AV. Aviva Close Mid-Price: 398.9 Percentage Change: -5.88% Day High: 418.9 Day Low: 397.7

Weakness on Aviva below 397.7 will invariably lead to 387 with secondary, ……..

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LSE:GRG Greggs Close Mid-Price: 2654 Percentage Change: -1.19% Day High: 2684 Day Low: 2624

If Greggs experiences continued weakness below 2624, it will invariably l ……..

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LSE:IDS International Distribution Close Mid-Price: 196.95 Percentage Change: -1.82% Day High: 200 Day Low: 193.95

In the event International Distribution experiences weakness below 193.95 ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 184.75 Percentage Change: + 12.93% Day High: 188.15 Day Low: 173.9

Target met. All Marks and Spencer needs are mid-price trades ABOVE 188.15 ……..

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LSE:MMAG Music Magpie Close Mid-Price: 19.25 Percentage Change: -3.75% Day High: 20 Day Low: 19.25

Weakness on Music Magpie below 19.25 will invariably lead to 17p with sec ……..

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LSE:NG. National Glib Close Mid-Price: 1098.5 Percentage Change: -1.17% Day High: 1107 Day Low: 1088.5

Continued weakness against NG. taking the price below 1088.5 calculates a ……..

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LSE:NWG Natwest Close Mid-Price: 268.1 Percentage Change: -2.15% Day High: 272.8 Day Low: 268.5

Natwest needs mid-price trades ABOVE 275.5 to improve acceleration toward ……..

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LSE:PMG Parkmead Close Mid-Price: 20.25 Percentage Change: -3.57% Day High: 21 Day Low: 20.25

In the event Parkmead experiences weakness below 20.25 it calculates with ……..

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LSE:QED Quadrise Close Mid-Price: 1.11 Percentage Change: -2.63% Day High: 1.12 Day Low: 1.1

If Quadrise experiences continued weakness below 1.1, it will invariably ……..

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LSE:RBD Reabold Resources PLC Close Mid-Price: 0.14 Percentage Change: -1.69% Day High: 0.15 Day Low: 0.14

In the event Reabold Resources PLC experiences weakness below 0.14 it cal ……..

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View Previous Reabold Resources PLC & Big Picture ***

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