Author: T&T Staff

#FTSE #NASDAQ  From the department of “Things That Make You Go Hmmm”, the probably tragedy of Mike Lynch going missing in a rare super yacht accident is a bit strange, the media reporting without comment on the coincidence his co-defendant in the US Trial was run over in Cambridgeshire and died a day before a tempest capsized the super yacht. It’s certainly an interesting pile up of accidents, immediately following a US Trial of a type where 99+% of those charged are found guilty, rather than acquitted of all charges as happened with Mr Lynch and Mr Chamberlain. Oddly, this actually dovetails into the share we’re looking at today as it seems the media are not bothering to connect any dots in another subject.

The announcement by China they intend build 11 Nuclear power plants was interesting, reminding us to review some of the press releases from companies playing in the Yellowcake (Uranium) field. To cut a long story short, when we combine this announcement with the forthcoming spread of Micro Nuclear generators as provided by the likes of Rolls Royce, it appears entirely possible there’s not enough Uranium to go round. Potentially, this shall create a situation where the price of the product will rapidly increase as it’s unlikely China will build the plants, yet decide not to turn them on due to shortages of fuel.

As a result, we decided to take a look at some of the minnows in the field with Neo Energy, a penny share, coming forward for a look at their share price potentials.

Neo Energy Metals, as an explorer for Uranium, certainly sound quite excited about their prospect in South Africa, and seem well placed to take advantage of any increase in Uranium prices.

 

We’ve worked out at potential trigger level of 1.14p with movement above such a point ideally able to provoke movement to an initial 1.5p with our secondary, if bettered, at 2p. We shall certainly find it interesting, if the market discovers an excuse to continue gapping NEO share price up at the open as this will be required (from a software perspective) to give the share sufficient excuse to exceed 2p sometime in the future. We’ll certainly be keeping a look out for this one.

 

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
11:14:48PM	BRENT	7667									‘cess
11:18:09PM	GOLD	2513.86									‘cess
11:23:43PM	FTSE	8241.2	8240	8229	8180	8263	8292	8312	8336	8255
11:27:44PM	STOX50	4849.4									‘cess
11:31:40PM	DOW	40845.5									Shambles
11:35:22PM	GERMANY	18348.7
11:06:06PM	US500	5598.5									‘cess
11:10:49PM	NASDAQ	19703	19653	19595	19513	19730	19841	19916	20004	19755
11:17:31PM	JAPAN	37543									Shambles

 

20/08/2024 FTSE Closed at 8273 points. Change of -0.99%. Total value traded through LSE was: £ 3,626,221,676 a change of -7.78%

19/08/2024 FTSE Closed at 8356 points. Change of 0.54%. Total value traded through LSE was: £ 3,932,181,241 a change of -1.04%

16/08/2024 FTSE Closed at 8311 points. Change of -0.43%. Total value traded through LSE was: £ 3,973,574,909 a change of -9.98%

15/08/2024 FTSE Closed at 8347 points. Change of 0.8%. Total value traded through LSE was: £ 4,413,998,964 a change of 1.84%

14/08/2024 FTSE Closed at 8281 points. Change of 0.56%. Total value traded through LSE was: £ 4,334,159,938 a change of 16.54%

13/08/2024 FTSE Closed at 8235 points. Change of 0.3%. Total value traded through LSE was: £ 3,719,074,811 a change of -40.15%

12/08/2024 FTSE Closed at 8210 points. Change of 0.51%. Total value traded through LSE was: £ 6,213,997,853 a change of 45.06%

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…

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

Click Epic to jump to share: LSE:BDEV Barrett Devs** **LSE:HSBA HSBC** **LSE:IPF International Personal Finance** **LSE:SPX Spirax** **LSE:TW. Taylor Wimpey** **

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Updated charts published on : Barrett Devs, HSBC, International Personal Finance, Spirax, Taylor Wimpey,

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LSE:BDEV Barrett Devs Close Mid-Price: 549 Percentage Change: -0.90% Day High: 562.8 Day Low: 548.4

Further movement against Barrett Devs ABOVE 562.8 should improve accelera ……..

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LSE:HSBA HSBC Close Mid-Price: 651.1 Percentage Change: -1.88% Day High: 662.1 Day Low: 651.7

Above 672 should next give some real hope, calculating with the potential ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 161 Percentage Change: + 0.00% Day High: 165 Day Low: 160

Continued trades against IPF with a mid-price ABOVE 165 should improve th ……..

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LSE:SPX Spirax Close Mid-Price: 7355 Percentage Change: -1.87% Day High: 7505 Day Low: 7305

In the event Spirax experiences weakness below 7305 it calculates with a ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 165.55 Percentage Change: + 1.04% Day High: 165.35 Day Low: 163.3

Target met. All Taylor Wimpey needs are mid-price trades ABOVE 165.35 to ……..

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

#Gold #Germany  Once the largest brewer in the world, it was something of a surprise to peruse Wikipedia and discover the company are not longer in the business of supplying the good stuff. Instead, now operating as a hospitality company, they run the largest hotel chain in the UK and are spreading in Germany too. In addition, they’re the organisation behind chains of bland but reliable restaurants serving mass produced food.

We received a couple of emails asking for a quick opinion on Whitbread as something seems to be causing optimism but we didn’t need try terribly hard to spot a potential tripwire. From our perspective, there’s a very clear tripwire down at 2766p, this representing a price level below which the share dare not close a day. Such a movement would be dodgy, creating the risk of reversals down to an initial 2335p. Our secondary looks less likely but should such a level break, it works out at an eventual 1867p and a spectacular return to the lows of 2020.

 

However, if the emails received prove correct, there’s an expectation Whitbread are about to reverse the downward course they’ve been ploughing this year.

Should this be the case, above 2933p may perhaps trigger price recovery to an initial 3089p with our secondary, if bettered, at 3307p and almost certain hesitation. If the share price ever closes above 3307p, we shall regard this as potentially game changing, allowing for attempts in the longer term above 3700p and the high at the start of this year.

Perhaps worth raising a toast to, just not with a mug of Whitbread beer.

.

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:17:10PM	BRENT	7742.9									‘cess
9:32:37PM	GOLD	2503.52	2487	2478	2467	2497	2512	2526	2540	2495
9:53:17PM	FTSE	8338									‘cess
10:37:16PM	STOX50	4871.3									‘cess
10:42:55PM	GERMANY	18423.1	18282	18216	18136	18342	18456	18587	19110	18280	‘cess
11:16:25PM	US500	5601.6									Success
11:22:17PM	DOW	40890.5									Success
11:29:02PM	NASDAQ	19778.8									Success
11:33:00PM	JAPAN	37882

 

19/08/2024 FTSE Closed at 8356 points. Change of 0.54%. Total value traded through LSE was: £ 3,932,181,241 a change of -1.04%

16/08/2024 FTSE Closed at 8311 points. Change of -0.43%. Total value traded through LSE was: £ 3,973,574,909 a change of -9.98%

15/08/2024 FTSE Closed at 8347 points. Change of 0.8%. Total value traded through LSE was: £ 4,413,998,964 a change of 1.84%

14/08/2024 FTSE Closed at 8281 points. Change of 0.56%. Total value traded through LSE was: £ 4,334,159,938 a change of 16.54%

13/08/2024 FTSE Closed at 8235 points. Change of 0.3%. Total value traded through LSE was: £ 3,719,074,811 a change of -40.15%

12/08/2024 FTSE Closed at 8210 points. Change of 0.51%. Total value traded through LSE was: £ 6,213,997,853 a change of 45.06%

9/08/2024 FTSE Closed at 8168 points. Change of 0.29%. Total value traded through LSE was: £ 4,283,759,175 a change of -11.55%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AV. Aviva** **LSE:BDEV Barrett Devs** **LSE:GKP Gulf Keystone** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:JET Just Eat** **LSE:SBRY Sainsbury** **LSE:TSCO Tesco** **

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Updated charts published on : Aviva, Barrett Devs, Gulf Keystone, IG Group, International Personal Finance, Just Eat, Sainsbury, Tesco,

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LSE:AV. Aviva. Close Mid-Price: 506.6 Percentage Change: + 1.24% Day High: 507.8 Day Low: 498.2

Target met. Further movement against Aviva ABOVE 507.8 should improve acc ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 554 Percentage Change: + 3.40% Day High: 554 Day Low: 537.2

Target met. In the event of Barrett Devs enjoying further trades beyond 5 ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 128.8 Percentage Change: + 1.66% Day High: 130.3 Day Low: 125.5

Continued trades against GKP with a mid-price ABOVE 130.3 should improve ……..

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LSE:IGG IG Group. Close Mid-Price: 975 Percentage Change: + 1.09% Day High: 980.5 Day Low: 960.5

Target met. Further movement against IG Group ABOVE 980.5 should improve ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 161 Percentage Change: + 2.22% Day High: 162 Day Low: 157.5

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

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LSE:JET Just Eat. Close Mid-Price: 1102 Percentage Change: + 0.18% Day High: 1126 Day Low: 1094

In the event of Just Eat enjoying further trades beyond 1126, the share s ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 284.2 Percentage Change: + 1.28% Day High: 284.2 Day Low: 280

Target met. Continued trades against SBRY with a mid-price ABOVE 284.2 sh ……..

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LSE:TSCO Tesco. Close Mid-Price: 341.4 Percentage Change: + 0.06% Day High: 343.4 Day Low: 340

Target met. Further movement against Tesco ABOVE 343.4 should improve acc ……..

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

#Brent #SP500 An interesting aspect of looking across to the mainland has been a sense of relief. Watching the media during the early days of Covid-19, we expected to witness a never ending stream of emergency vehicles rushing patients to hospital but, the road along the shoreline remained thankfully empty of ambulances driving fast. This year, with the motorcycle season upon us, it’s quite a different story with fast moving blue light ambulances now a daily occurrence. Equally, looking across, there’s been a complete lack of rioting aside from the occasional bad tempered growl of a revving engine as a motorist escapes from the larcenous fees charged by the ferry company for a short crossing!

The riot thing isn’t entirely a joke, due to an addiction to getting news from anywhere other than heavily biased UK sources. Across Europe and the USA, there’s a general belief “The UK Had Fallen”, even with some American outlets warning fliers against stop-overs in the UK in case their name comes up on a database of people who’ve written the wrong thing on Twitter or Facebook. Hopefully it’s all ridiculous but as a Twitter addict, it became sensible to self police any comments about UK PM, Sir Starmer. But, from a US perspective, there’s real horror about what’s going on in the UK, making us expect to see raging riots across the narrow strip of sea to the mainland.

This brings us quite neatly to Natwest, a share price which is supposed to be doing something, yet in real life it isn’t happening.

 

When we reviewed Natwest a month ago, we’d given a target of 377p yet, in real life, it only managed to discover a route to 372p before sharply falling back, presumably due to being parked for the month of August. This has created an interesting situation, one which will doubtless become possible in September, where movement above 372.5p should promote further growth to an initial 387 with our longer term secondary, if this initial is beaten, calculating at 413p. Or perhaps even 431p, thanks to the manipulation gaps.

If Natwest decides to follow the route of the Lemming, below 310p now risks proving troubling movement  Below such a level risks triggering reversals down to an initial 270p with our secondary, if broken, at a bottom (hopefully) of 232p. To be “safe”, we’d prefer seeing the share price actually close below 310p before pressing an alarm buzzer. Our suspicion remains of the market expecting Natwest to head upward but with no immediate dramatics.

.

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
10:17:14PM	BRENT	7913	7830	7762	7694	7980	8230	8541	8888	8041
10:21:35PM	GOLD	2506.21								2498
10:25:33PM	FTSE	8302								8329
10:40:50PM	STOX50	4851.9								4841
10:47:51PM	GERMANY	18347.7								18301
10:53:12PM	US500	5565.8	5514	5493	5467	5544	5570	5580	5602	5547
10:56:05PM	DOW	40714.5								40642
10:58:32PM	NASDAQ	19563.5								19480
11:01:34PM	JAPAN	37975								37824

 

16/08/2024 FTSE Closed at 8311 points. Change of -0.43%. Total value traded through LSE was: £ 3,973,574,909 a change of -9.98%

15/08/2024 FTSE Closed at 8347 points. Change of 0.8%. Total value traded through LSE was: £ 4,413,998,964 a change of 1.84%

14/08/2024 FTSE Closed at 8281 points. Change of 0.56%. Total value traded through LSE was: £ 4,334,159,938 a change of 16.54%

13/08/2024 FTSE Closed at 8235 points. Change of 0.3%. Total value traded through LSE was: £ 3,719,074,811 a change of -40.15%

12/08/2024 FTSE Closed at 8210 points. Change of 0.51%. Total value traded through LSE was: £ 6,213,997,853 a change of 45.06%

9/08/2024 FTSE Closed at 8168 points. Change of 0.29%. Total value traded through LSE was: £ 4,283,759,175 a change of -11.55%

8/08/2024 FTSE Closed at 8144 points. Change of -0.27%. Total value traded through LSE was: £ 4,843,015,012 a change of -1.4%

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…

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:CPI Capita** **LSE:IGG IG Group** **LSE:RR. Rolls Royce** **LSE:TSCO Tesco** **

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Updated charts published on : Aston Martin, Capita, IG Group, Rolls Royce, Tesco,

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LSE:AML Aston Martin Close Mid-Price: 143.1 Percentage Change: -0.42% Day High: 149 Day Low: 144

Above 156p now looks capable of a visit to an initial 162 with our seconda ……..

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LSE:CPI Capita Close Mid-Price: 17.82 Percentage Change: -0.22% Day High: 18.08 Day Low: 17.8

This could prove interesting as above 21p has the potential of a lift to a ……..

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LSE:IGG IG Group Close Mid-Price: 964.5 Percentage Change: -0.05% Day High: 970.5 Day Low: 960.5

In the event of IG Group enjoying further trades beyond 970.5, the share ……..

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LSE:RR. Rolls Royce Close Mid-Price: 501 Percentage Change: -0.40% Day High: 504.6 Day Low: 498

Further movement against Rolls Royce ABOVE 504.6 should improve accelerat ……..

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LSE:TSCO Tesco. Close Mid-Price: 341.2 Percentage Change: + 0.00% Day High: 342.3 Day Low: 339.7

Continued trades against TSCO with a mid-price ABOVE 342.3 should improve ……..

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

#FTSE #GOLD  August certainly isn’t going as expected. Our conventionally belief “the B Team” are running the markets during the holiday month certainly isn’t looking very concise this year and final confirmation shall come if the FTSE closes above 8400 points and the immediate downtrend. Volumes in London are certainly as low as expected at roughly 2/3rds of that experienced during June/July but regardless of this detail, dribbles of positive news are serving to push the FTSE upward.

One interesting facet about very recent index value movements in Europe and the USA is a fairly strong suggestion we should anticipate some upward movement of some strength. While this shall doubtless be due to relaxation of interest rates, our inclination to to expect such a miracle in September rather than for central banks to unleash such an occasion before “the A Team” come back from Butlins and resume control of the markets. However, with encouraging retail figures from the UK & the USA, along with North America deciding (for some reason) movement into a recession is receding.

For the FTSE, we’re inclined to view movement below 8300 points as holding some danger, perhaps capable of kicking off reversals to an initial 8246 points with our secondary, if broken, calculating at 8203 points and the hope of a bottom. While such a level of movement isn’t particularly tragic, we’ve a suspicion some effort shall be made for the UK market to avoid troubling the Blue downtrend on the chart – for the time being. If triggered, the tightest stop loss level looks like 8355 points.

 

Alternately, if things intend move positively for the FTSE, above 8368 points looks capable of triggering gains to an initial 8428 points, along with a chance of the index actually closing above Blue at 8400 points. Our secondary, should 8428 be exceeded, works out at an astounding 8645 points. For this reason alone, we strongly expect 8428 to provoke some reversals, if achieved.

Have a good weekend, only another weekend until the next Grand Prix.

.

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:07:32PM	BRENT	8065.1	7937	7834		7985	8120	8194		8051
11:02:18PM	GOLD	2456.02	2432	2423		2460	2481	2497		2456	‘cess
11:05:25PM	FTSE	8343	8328	8319		8356	8358	8373		8329
11:10:25PM	STOX50	4815.5	4795	4787		4815	4823	4844		4799	‘cess
11:13:53PM	GERMANY	18199.2	18117	18108		18160	18216	18574		18144	‘cess
11:18:39PM	US500	5546.1	5503	5492		5521	5548	5624		5527	‘cess
11:25:51PM	DOW	40591.5	40295	40246		40459	40609	40725		40464	‘cess
11:30:22PM	NASDAQ	19489.4	19306	19264		19456	19504	19692		19307	‘cess
11:36:55PM	JAPAN	37719	37391	37344		37617	37762	38368		37581	Success

 

15/08/2024 FTSE Closed at 8347 points. Change of 0.8%. Total value traded through LSE was: £ 4,413,998,964 a change of 1.84%

14/08/2024 FTSE Closed at 8281 points. Change of 0.56%. Total value traded through LSE was: £ 4,334,159,938 a change of 16.54%

13/08/2024 FTSE Closed at 8235 points. Change of 0.3%. Total value traded through LSE was: £ 3,719,074,811 a change of -40.15%

12/08/2024 FTSE Closed at 8210 points. Change of 0.51%. Total value traded through LSE was: £ 6,213,997,853 a change of 45.06%

9/08/2024 FTSE Closed at 8168 points. Change of 0.29%. Total value traded through LSE was: £ 4,283,759,175 a change of -11.55%

8/08/2024 FTSE Closed at 8144 points. Change of -0.27%. Total value traded through LSE was: £ 4,843,015,012 a change of -1.4%

7/08/2024 FTSE Closed at 8166 points. Change of 1.74%. Total value traded through LSE was: £ 4,912,004,252 a change of -45.12%

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…

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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:BT.A British Telecom** **LSE:GKP Gulf Keystone** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:SBRY Sainsbury** **LSE:SPX Spirax** **LSE:STAR Star Energy** **LSE:VOD Vodafone** **

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Updated charts published on : Astrazeneca, Barrett Devs, British Telecom, Gulf Keystone, IG Group, International Personal Finance, Sainsbury, Spirax, Star Energy, Vodafone,

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LSE:AZN Astrazeneca. Close Mid-Price: 13166 Percentage Change: + 2.05% Day High: 13218 Day Low: 12966

Target met. In the event of Astrazeneca enjoying further trades beyond 13 ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 541.4 Percentage Change: -1.42% Day High: 549.8 Day Low: 542.8

Continued trades against BDEV with a mid-price ABOVE 549.8 should improve ……..

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LSE:BT.A British Telecom Close Mid-Price: 145.75 Percentage Change: -0.61% Day High: 147 Day Low: 145

Target met. Further movement against British Telecom ABOVE 147 should imp ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 0 Percentage Change: + 1.68% Day High: 128.4 Day Low: 125.8

Gulf Keystone needs mid-price trades ABOVE 129.5 to improve acceleration t ……..

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LSE:IGG IG Group. Close Mid-Price: 965 Percentage Change: + 0.99% Day High: 969 Day Low: 953.5

Continued trades against IGG with a mid-price ABOVE 969 should improve th ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 158 Percentage Change: + 0.96% Day High: 159 Day Low: 156

Further movement against International Personal Finance ABOVE 159 should ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 281.2 Percentage Change: + 0.79% Day High: 282.4 Day Low: 279.2

All Sainsbury needs are mid-price trades ABOVE 282.4 to improve accelerat ……..

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LSE:SPX Spirax. Close Mid-Price: 7580 Percentage Change: + 0.20% Day High: 7660 Day Low: 7435

Target met. Continued weakness against SPX taking the price below 7435 ca ……..

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LSE:STAR Star Energy. Close Mid-Price: 8.79 Percentage Change: + 7.20% Day High: 8.98 Day Low: 8.6

Target met. Continued trades against STAR with a mid-price ABOVE 9p shoul ……..

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LSE:VOD Vodafone Close Mid-Price: 74.5 Percentage Change: -0.05% Day High: 75.74 Day Low: 74.38

Target met. Further movement against Vodafone ABOVE 75.74 should improve ……..

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

#Brent #SP500 Part of the route to become a “proper” airline pilot in the USA sometimes includes getting a job as a Pipeline Pilot, flying a Cessna above gas/water/oil pipelines and looking for potential problems. It’s mind numbing work, only carried out in daylight, the experience generated for potential pilots questionable, but the flight hours banked in the pilots log cannot be questioned. It’s surprising no-one has updated the old tune, The Wichita Lineman, to reflect modern methods of checking utility supplies.

When we previously glanced at DEC earlier this year, we were expecting the worst but surprisingly, it triggered and exceeded our initial gain target. Perhaps this was a reflection of the price of Natural Gas doubling during summer, the product unusually looking capable of reversals now we’re stumbling toward winter. It’s interesting to note Rowan trees locally are bearing amazing quantities of red berries, a stable diet of some birds, mice, red squirrel, and the occasional delusional wine maker. More importantly, in years when these trees show such a heavy fruit, it’s usually a signal for a “proper” winter with snow and cold, nature providing a crop for animals to prepare. Which is probably one of the silliest theories to suspect Natural Gas prices shall have an excuse to rise sharply but if you can’t trust the birds and the trees, who can you trust! Perhaps a Long position on Natural Gas may prove to be a good idea, if salting away a hedge for the winter.

 

Surprisingly, while Natural Gas prices were recently “gapped up” over their downtrend since the mid-summer high of $3200, DEC recently saw their share price “gapped down” below their uptrend since March (circled). This conflict of signals happened earlier in August, leaving us more than a little uncertain on what to believe. Is Gas wanting to head up or is DEC wanting to head down? The nature of Diversified Energy’s trend break makes us suspicious, essentially anticipating some reversals but thinking they shall be short lived, if Natural Gas is anything to go by.

This being the case, below just 1053p looks capable of an initial 1011 with our secondary, if broken, a less likely 911p. A visit to 1011p would certainly represent a valid point for a bounce, one which could be attained without the share price retreating below the Blue downtrend. It also makes the point where any bounce exceeding 1100p enters the realms of “hold on and see where it goes”.

Strictly speaking, our jobsworth software demands DEC exceed 1167p to be taken seriously as this now calculates with the potential of a lift to 1442p with our secondary, if beaten, working out at a longer term 1648p and an urgent need to revisit our tea leaves.

Something is certainly happening with the FTSE 250 member and it may prove worth keeping an eye on.

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:59:35PM	BRENT	7970.1	7955	7924	7823	7985	8232	8472	8793	8065
11:02:35PM	GOLD	2449.09									Success
11:05:27PM	FTSE	8277.7									Success
11:09:38PM	STOX50	4729.1									‘cess
11:13:51PM	GERMANY	17898									‘cess
11:16:18PM	US500	5452.4	5415	5400	5379	5439	5463	5472	5599	5433	‘cess
11:19:36PM	DOW	40025									Success
11:23:36PM	NASDAQ	19033.9									‘cess
11:26:37PM	JAPAN	36585

 

14/08/2024 FTSE Closed at 8281 points. Change of 0.56%. Total value traded through LSE was: £ 4,334,159,938 a change of 16.54%

13/08/2024 FTSE Closed at 8235 points. Change of 0.3%. Total value traded through LSE was: £ 3,719,074,811 a change of -40.15%

12/08/2024 FTSE Closed at 8210 points. Change of 0.51%. Total value traded through LSE was: £ 6,213,997,853 a change of 45.06%

9/08/2024 FTSE Closed at 8168 points. Change of 0.29%. Total value traded through LSE was: £ 4,283,759,175 a change of -11.55%

8/08/2024 FTSE Closed at 8144 points. Change of -0.27%. Total value traded through LSE was: £ 4,843,015,012 a change of -1.4%

7/08/2024 FTSE Closed at 8166 points. Change of 1.74%. Total value traded through LSE was: £ 4,912,004,252 a change of -45.12%

6/08/2024 FTSE Closed at 8026 points. Change of 0.22%. Total value traded through LSE was: £ 8,950,670,093 a change of 16.02%

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…

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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:GKP Gulf Keystone** **LSE:JET Just Eat** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:SPX Spirax** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **

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Updated charts published on : Astrazeneca, Barrett Devs, Gulf Keystone, Just Eat, Parkmead, Spirax, Tesco, Taylor Wimpey,

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LSE:AZN Astrazeneca Close Mid-Price: 12902 Percentage Change: -0.14% Day High: 12990 Day Low: 12804

Further movement against Astrazeneca ABOVE 12990 should improve accelerat ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 549.2 Percentage Change: + 3.82% Day High: 545.8 Day Low: 532.6

Target met. All Barrett Devs needs are mid-price trades ABOVE 545.8 to im ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 125 Percentage Change: + 0.40% Day High: 127.1 Day Low: 121.6

Gulf Keystone needs mid-price trades ABOVE 1529 to improve acceleration to ……..

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LSE:JET Just Eat. Close Mid-Price: 1104 Percentage Change: + 1.85% Day High: 1110 Day Low: 1084

Continued trades against JET with a mid-price ABOVE 1110 should improve t ……..

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LSE:PHP Primary Health. Close Mid-Price: 97.05 Percentage Change: + 0.67% Day High: 99.3 Day Low: 95.4

All Primary Health needs are mid-price trades ABOVE 99.3 to improve accel ……..

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LSE:PMG Parkmead Close Mid-Price: 10.75 Percentage Change: -3.37% Day High: 11.12 Day Low: 10.75

Weakness on Parkmead below 10.75 will invariably lead to 10p with seconda ……..

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LSE:SPX Spirax Close Mid-Price: 7565 Percentage Change: -1.11% Day High: 7695 Day Low: 7495

Weakness on Spirax below 7495 will invariably lead to 7446p with secondar ……..

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LSE:TSCO Tesco. Close Mid-Price: 340.6 Percentage Change: + 1.67% Day High: 340.2 Day Low: 336.5

Target met. All Tesco needs are mid-price trades ABOVE 340.2 to improve a ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 164.25 Percentage Change: + 3.63% Day High: 164.35 Day Low: 159.65

In the event of Taylor Wimpey enjoying further trades beyond 164.35, the ……..

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

#Gold #Nasdaq There’s been a reasonable amount of positive coverage regarding I3 Energy recently, prompting a few emails asking where we think their share price might be going.  The company, listed on the Toronto exchange, along with the London AIM market, certainly has a share price which looks a little confused, as highlighted on the two chart extracts below. The closing price for Monday bothers us, the market somehow deciding the share was going to end the session at just 8.9p. This visually brought a break of the uptrend since 2020 and it’s something we’d usually be quite concerned about, a share price being “allowed” to close above or below a trend line usually providing a major excuse to tick a box for direction.

However… something quite interesting also happened on Tuesday, the share price being spiked down to an odd 8.3p in early trades, a movement which caught our attention as a potential “bottom” had calculated at 8.11p. This brief dip didn’t hit our bottom potential, perhaps giving an early signal some hidden strength was present. In addition, it created a scenario where the share value now need only exceed 9.3p (please, not with a mystery upward spike) to carry the threat of real imminent price growth.

Essentially, movement above 9.3p should now be capable of triggering recovery to an initial 12.2p, testing the downward trend since 2019. If exceeded, our secondary works out at a future 14.5p, a price level where closure shall be necessary to tick a major box which lays out a path to a future 21.5p! Therefore, we’re taking the unusual step of looking positively at a trend break.

 

However, the market has teeth, though we’d prefer to regard our 8.11p as providing the next trigger level, one capable of provoking reversal to an initial 6.5 with secondary, if broken, at 4.5p and a price level below which we cannot calculate. It’ll maybe be worth doing some research into this lot as “something” looks very capable of happening with their share price.

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
11:31:28PM	BRENT	8072.7
11:37:56PM	GOLD	2464.28	2460	2453	2445	2470	2478	2495	2542	2452
11:41:02PM	DOW	39741
11:44:21PM	FTSE	8247.7
11:50:26PM	STOX50	4704.7
11:53:13PM	GERMANY	17849.7									‘cess
12:22:41AM	US500	5431.4									‘cess
12:26:37AM	NASDAQ	19015.7	18542	18336	18106	18723	19030	19084	19696	18868	‘cess
12:31:26AM	JAPAN	36516									‘cess

#Gold #WallSt  We’ve little batches of dislike about this food delivery organisation, not least beginning with their UK advertising campaign. Quite why anyone in the UK is supposed to be attracted to the telephone by some Los Angeles guy posing on an unrideable motorcycle, with a soundtrack of something called Rap which is a death sentence for radio in the UK, defeats us. We can only guess the launch introduction was a glitzy party in LA, designed to overwhelm any common sense. It was to take literal years to discover the bloke posing on the motorbike was a US Rapper we’d actually heard of, a chap calling himself Snoopy Dogg.

Perhaps in Europe, the delivery company should have overlaid their campaign with a caption and arrow, explaining who it was.

 

Here in Argyll, Just Eat finally moved into the area, offering deliveries from a couple of local curry shops. It was an innovation as revolutionary as the invention of the hot water tap until it was realised everything was being brought by the same delivery drivers as normal, rather than some unknown celeb on a motorcycle. Worse, delivery times got longer, due to the outlets waiting until they’d a batch of deliveries to a specific area before sending orders out. This actually makes a lot of sense, our villages along the shore being 8 to 14 miles away from the curry shop with very little in between. When drivers started to discuss the commissions being paid to Just Eat, we decided to return to the old fashioned way of just using the phone to order, though the outlet would sometimes say; “We’ve a delivery going out your way in 20 minutes, you don’t need to pick it up!” Basically, it tended to prove the Just Eat business model is ideal in town and city environments, quite a lot less so in the countryside. Additionally, folk who stay in areas where they are liable to appreciate just who the celebrity promoting the company actually is, tend not to be of the demagogue who live in civilised areas…

What’s doubly hilarious about the advertising campaign comes from the type of bike used. There’s a group of motorcyclists who join something called “Hog”. Some of them look like budding Hells Angels, some dress like real bikers, but what they have in common is a concept called “Retirement Age” and an attraction to the Harley Owners Group (HOG). This month, the UK chapter of this army of bikers is meeting up in August at family friendly Aviemore, their entertainment coming from a musical Girl Group called Dea Matrona, an unbelievably talented pair of singers/musicians who make Simon & Garfunkel sound current, Fleetwood Mac sound new, and Abba sound like beginners. Sorry about the personal bias but as the sort of person who’s never gotten used to woman driving cars (my mother was a nightmare), watching this bunch play their instruments at a level of which I couldn’t even dream was truly impressive.

 

Returning to Just Group Plc their share price now looks capable of becoming interesting. Movement above just 122p almost certainly proposes the threat of recovery to an initial 134p with our secondary, if bettered, at a longer term 160p. Neither target level proposes an exciting level of acceleration, though probably substantially better than the motorcycle featured in their advert could ever achieve before the rider ran over a pebble and fell off. Geometry matters, especially when steering a bike.

Visually, it looks like the 160p level shall be capable of producing some hesitation, if only due to prior price movements. Folks stuck in a trade at the prior 160p level shall doubtless bail at break even, rather than risk waiting to see what comes next.

Should things intend go wrong for Just, their share price now needs below 106 to risk triggering reversal to an initial 99 with our secondary, if broken, an eventual 86p along with a very strong possibility of a bounce.

 

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
11:22:11PM	BRENT	8184.4									Success
11:24:23PM	GOLD	2475.36	2444	2441	2429	2459	2476	2495	2538	2445	Success
11:28:32PM	FTSE	8222
1:06:56AM	STOX50	4667
1:10:18AM	GERMANY	17710.2
1:18:12AM	US500	5347.3
1:23:16AM	DOW	39366.5	39254	39109	38942	39424	39632	39888	40325	39462
1:27:39AM	NASDAQ	18541.7
1:30:10AM	JAPAN	35815

 

12/08/2024 FTSE Closed at 8210 points. Change of 0.51%. Total value traded through LSE was: £ 6,213,997,853 a change of 45.06%

9/08/2024 FTSE Closed at 8168 points. Change of 0.29%. Total value traded through LSE was: £ 4,283,759,175 a change of -11.55%

8/08/2024 FTSE Closed at 8144 points. Change of -0.27%. Total value traded through LSE was: £ 4,843,015,012 a change of -1.4%

7/08/2024 FTSE Closed at 8166 points. Change of 1.74%. Total value traded through LSE was: £ 4,912,004,252 a change of -45.12%

6/08/2024 FTSE Closed at 8026 points. Change of 0.22%. Total value traded through LSE was: £ 8,950,670,093 a change of 16.02%

5/08/2024 FTSE Closed at 8008 points. Change of -2.03%. Total value traded through LSE was: £ 7,714,993,159 a change of 12.21%

2/08/2024 FTSE Closed at 8174 points. Change of -1.32%. Total value traded through LSE was: £ 6,875,472,629 a change of 20.68%

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…

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

Click Epic to jump to share: LSE:ASC Asos** **LSE:AZN Astrazeneca** **LSE:SCLP Scancell** **LSE:SPX Spirax** **LSE:TLW Tullow** **LSE:VOD Vodafone** **

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Updated charts published on : Asos, Astrazeneca, Scancell, Spirax, Tullow, Vodafone,

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LSE:ASC Asos. Close Mid-Price: 356.6 Percentage Change: + 0.28% Day High: 359.4 Day Low: 351.4

In the event Asos experiences weakness below 337, it calculates with a dro ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 12780 Percentage Change: + 0.63% Day High: 12842 Day Low: 12638

All Astrazeneca needs are mid-price trades ABOVE 12842 to improve acceler ……..

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LSE:SCLP Scancell. Close Mid-Price: 18.5 Percentage Change: + 2.78% Day High: 18.75 Day Low: 18

Target met. All Scancell needs are mid-price trades ABOVE 19 to improve a ……..

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LSE:SPX Spirax. Close Mid-Price: 7715 Percentage Change: + 0.72% Day High: 7795 Day Low: 7640

In the event Spirax experiences weakness below 7640 it calculates with a ……..

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LSE:TLW Tullow. Close Mid-Price: 27.98 Percentage Change: + 3.55% Day High: 28.14 Day Low: 26.6

Continued weakness against TLW taking the price below 26.6 calculates as ……..

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LSE:VOD Vodafone. Close Mid-Price: 74.44 Percentage Change: + 0.87% Day High: 74.8 Day Low: 73.84

Continued trades against VOD with a mid-price ABOVE 74.8 should improve t ……..

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