Author: T&T Staff

#MarksSpencer #Nasdaq  Had dear leader Boris Johnson still been in control, it would be easy to imagine M&S share price surged due to the announcement of a General Election in the UK. Party time at Downing St would surely imply constant delivery of bottles of wine from M&S, the favourite trough of politicians when someone else is paying.

However, this elegant scenario was spoiled by the news M&S share price had leapt, due to the increase in Food profits due to their policy of price gouging. Meanwhile in France, Spain, Italy, and Belgium, products from Pepsi – which includes Doritos – are unavailable, thanks to the grocery chain Carrefour banning the brand due to unacceptable price increases. The concept of a major retailer looking out for their customers is impressive, a policy beyond the mental reach of UK supermarkets. We notice 2ltr bottles of Pepsi in our local supermarket still gather dust, their price remaining static despite other vendors such a Coca Cola conceding reality and reducing prices. Surprisingly, we also noticed Morrisons “own brand” cola has reverted to its 59p price for large bottles, doubtless due to their exploration of the 95p level damaging sales. This is important, due to grand-daughters who consume frightening amounts when they visit but also, typically abandon 1/2 full glasses all over the place, finding it easier to go into the kitchen rather than risk a brain cell by trying to recall where they left their previous glass.

 

At first glance, it was easy to assume happy days were ahead for M&S, aside from a small but perhaps crucial detail. We often reiterate our demand a share price actually close at or above a specific level to give an accurate clue as to what the future holds. The circled area on the chart below highlights our issue as M&S closed at 290.5p at that point. Now, despite breaking through the downtrend, it noticeably failed to close above this prior high, ending the session at 288p. As a result, we’re not confident with the immediate projections as this sort of thing is rarely a mistake by trading software.

If we go by the trading range on Wednesday, apparently above 300p should next propel M&S to 305p with our longer term secondary calculating at 351p. If it were not for the important detail the share failed to close the session above the prior high, we’d be very confident with these projections, especially as our own software is supplying a cluster of different calculations, all of which should end up at 381p eventually, along with some hesitation. When a share price has multiple separate criteria all pointing to the same price levels, we’ve learned to resign ourselves to the future but in this instance, the failure to better a prior high bothers us. Highlighting the issue, the minute by minute chart extract for the 21st shows M&S share price was “stuck” at the level of the prior high, 290.5p, until 3pm, when the market decided to let it drop. It was all really strange, hence our caution.

 

In the event of the share price now trading below 277p, our concerns risk becoming a reality as this risks triggering reversals down to 231p initially with secondary, if broken, at 207p. Visually, we would anticipate the 231p level as being capable of provoking a decent 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
9:31:11PM	BRENT	8154.9	8150	8065	7822	8388	8252	8284	8330	8174
9:34:27PM	GOLD	2378.95									Success
9:38:57PM	FTSE	8350.5									‘cess
9:42:06PM	STOX50	5021.2									‘cess
9:45:52PM	GERMANY	18644									‘cess
9:50:26PM	US500	5311.7
10:59:26PM	DOW	39604									Success
11:02:30PM	NASDAQ	18732	18604	18533	18442	18678	18758	18815	18886	18720	‘cess
11:05:30PM	JAPAN	38833									Success

 

22/05/2024 FTSE Closed at 8370 points. Change of -0.55%. Total value traded through LSE was: £ 6,294,493,963 a change of 14.87%

21/05/2024 FTSE Closed at 8416 points. Change of -0.09%. Total value traded through LSE was: £ 5,479,565,793 a change of 22.51%

20/05/2024 FTSE Closed at 8424 points. Change of 0.05%. Total value traded through LSE was: £ 4,472,630,359 a change of -22.38%

17/05/2024 FTSE Closed at 8420 points. Change of -0.21%. Total value traded through LSE was: £ 5,762,302,042 a change of 1.63%

16/05/2024 FTSE Closed at 8438 points. Change of -0.08%. Total value traded through LSE was: £ 5,669,902,118 a change of -17.37%

15/05/2024 FTSE Closed at 8445 points. Change of 0.2%. Total value traded through LSE was: £ 6,861,663,966 a change of 1.88%

14/05/2024 FTSE Closed at 8428 points. Change of 0.17%. Total value traded through LSE was: £ 6,735,233,272 a change of 43.21%

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:AVCT Avacta** **LSE:FOXT Foxtons** **LSE:HL. Hargreaves Lansdown** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **

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Updated charts published on : Avacta, Foxtons, Hargreaves Lansdown, Lloyds Grp., Marks and Spencer,

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LSE:AVCT Avacta Close Mid-Price: 41 Percentage Change: -1.80% Day High: 41.75 Day Low: 40.75

In the event Avacta experiences weakness below 40.75 it calculates with a ……..

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LSE:FOXT Foxtons Close Mid-Price: 68.4 Percentage Change: -3.12% Day High: 71.4 Day Low: 68.6

Target met. Continued trades against FOXT with a mid-price ABOVE 71.4 sho ……..

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LSE:HL. Hargreaves Lansdown. Close Mid-Price: 979 Percentage Change: + 4.95% Day High: 989.6 Day Low: 916

Target met. Further movement against Hargreaves Lansdown ABOVE 989.6 shou ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 56.38 Percentage Change: + 0.36% Day High: 57.22 Day Low: 55.94

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LSE:MKS Marks and Spencer. Close Mid-Price: 288 Percentage Change: + 5.19% Day High: 300 Day Low: 281

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

#Harland #FTSE  The current iteration of Harland & Wolff must harbour mixed feelings about the names ancestry. The two massive cranes which dominate the Belfast skyline provide a permanent reminder of their presence. Unfortunately, the memory of their most famous ship, The Titanic, must also haunt the company as few shipyards will enjoy being famous for building the largest ship in the world which also sunk on its maiden voyage.

As always seems to be the case nowadays with shipbuilding in the UK, the company appears threatened by a lack of support from the government. In this case, it’s a lack of a £200m export credit guarantee at risk of blockage by the treasury. It certainly appears ridiculous such a relatively small sum of money could be threatening such a large company, especially when the current Defence Secretary, Grant Shapps, claimed in a recent speech the UK has entered a “golden age of shipbuilding!” Needless to say, if a UK politician is willing to make such a claim, the exact opposite is probably the truth, the last few years having given our political rulers plenty of opportunities to utterly mislead the nation as to what’s really going on.

 

Something certainly is going on as we’ve received a few emails asking our opinion on the share price future prospects. Without a doubt, this one is difficult as it feels like it has already hit an iceberg.

Now below just 8.7p risks triggering reversals to an initial 7.7p and perhaps a bounce. If broken, our secondary and “ultimate” bottom work out at 5.7p, this being a level below which we cannot calculate without introducing a negative sign in front of the target. But visually, there’s certainly a reasonable level of hope it shall bounce from the 5.7p level.

Unfortunately, to give hope, the share price currently requires a bit of a miracle. Trading above 10.85p should provide early warning of something positive happening, giving a scenario where we can postulate the potential of price recovery to an initial 13p, obviously fairly useless in the grand scheme of things. Only above 13p do things start to look interesting, giving an initial target of 18.1p with secondary, if bettered, at 22p and some possible hesitation, given the share price behaviour during 2023.

 

 

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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
10:58:42PM	BRENT	8236.7
11:01:27PM	GOLD	2420.61
11:07:40PM	FTSE	8420.3	8366	8353	8310	8412	8428	8437	8454	8415	Success
11:09:57PM	STOX50	5047.3	5024	5015	4983	5062	5061	5075	5092	5047	Success
11:12:08PM	GERMANY	18736									Success
11:14:24PM	US500	5322.7
11:22:23PM	DOW	39884.5
11:25:19PM	NASDAQ	18718
11:30:58PM	JAPAN	38920

 

21/05/2024 FTSE Closed at 8416 points. Change of -0.09%. Total value traded through LSE was: £ 5,479,565,793 a change of 22.51%

20/05/2024 FTSE Closed at 8424 points. Change of 0.05%. Total value traded through LSE was: £ 4,472,630,359 a change of -22.38%

17/05/2024 FTSE Closed at 8420 points. Change of -0.21%. Total value traded through LSE was: £ 5,762,302,042 a change of 1.63%

16/05/2024 FTSE Closed at 8438 points. Change of -0.08%. Total value traded through LSE was: £ 5,669,902,118 a change of -17.37%

15/05/2024 FTSE Closed at 8445 points. Change of 0.2%. Total value traded through LSE was: £ 6,861,663,966 a change of 1.88%

14/05/2024 FTSE Closed at 8428 points. Change of 0.17%. Total value traded through LSE was: £ 6,735,233,272 a change of 43.21%

13/05/2024 FTSE Closed at 8414 points. Change of -0.23%. Total value traded through LSE was: £ 4,703,191,844 a change of -3.6%

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:AFC AFC Energy** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:FOXT Foxtons** **LSE:GKP Gulf Keystone** **LSE:HL. Hargreaves Lansdown** **LSE:IQE IQE** **

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Updated charts published on : AFC Energy, Avacta, Astrazeneca, Foxtons, Gulf Keystone, Hargreaves Lansdown, IQE,

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LSE:AFC AFC Energy Close Mid-Price: 21.25 Percentage Change: -1.16% Day High: 22 Day Low: 21.3

Further movement against AFC Energy ABOVE 22 should improve acceleration ……..

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LSE:AVCT Avacta Close Mid-Price: 41.75 Percentage Change: -3.36% Day High: 42.75 Day Low: 41.5

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LSE:AZN Astrazeneca. Close Mid-Price: 12364 Percentage Change: + 2.22% Day High: 12440 Day Low: 12134

All Astrazeneca needs are mid-price trades ABOVE 12440 to improve acceler ……..

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LSE:FOXT Foxtons. Close Mid-Price: 70.6 Percentage Change: + 2.02% Day High: 70.8 Day Low: 68.2

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LSE:GKP Gulf Keystone. Close Mid-Price: 142.1 Percentage Change: + 3.50% Day High: 143.1 Day Low: 136.3

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LSE:HL. Hargreaves Lansdown. Close Mid-Price: 932.8 Percentage Change: + 4.15% Day High: 944.6 Day Low: 888

Target met. Continued trades against HL. with a mid-price ABOVE 944.6 sho ……..

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LSE:IQE IQE Close Mid-Price: 34.55 Percentage Change: -4.43% Day High: 37 Day Low: 34.45

In the event of IQE enjoying further trades beyond 37, the share should e ……..

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

#Marlowe #Gold  Last month when we reviewed Gold, we gave an immediate target of 2480 dollars with our secondary, if bettered, at $2500. We noticed the metal surged upward again on Monday, reaching 2450. It’s certainly in the ballpark of where conventional market behaviour would anticipate some hesitation but once again, we shall reiterate our warning where we don’t expect the markets to hand out the free gift of a short position by the $2500 level. It will therefore prove wise to watch for the metal being “gapped up” as this shall imply the market retains ambitions above $2500. Already, it started this week being gapped up by 6 dollars at the market open, so we’re already understandably curious.

 

 

From watching Clarkson’s Farm, Jeremy continues to display a fond affection for Government regulations, along with Health & Safety rules.  In probably every industry (except politics),  the plethora of self justifying rules from government make life difficult and it’s no surprise this has given birth to specialist companies such as Marlowe, describing themselves as providing a broad range of compliance software and services in areas which pose a high risk for businesses. It’s easy to regard this new compliance industry as filling a niche market, thanks to government interference, but unsurprisingly, many folk in farming, building, oil, woodwork – in fact any industry with a manual labour presence – concede regulations do have positive effects. It was once the case where it was virtually impossible to gather a bunch of folk together for a tea break and not notice several missing fingers, walking with limps, or sporting scars. It was simply accepted as a risk of the job but nowadays, it’d be difficult to spot these type of injuries as they are thankfully no longer common.

Once, I managed to insert myself into a major fire in a motor trade outlet. I was at their parts department, working out a stock control system, and the job felt it was going to last forever. As a result, now on first name terms with everyone, when an apprentice called Kevin appeared at the workshop hatch and yelled “Welding Plant”, in the absence of the parts department staff I wandered over to explain everyone was out, some collecting parts, some skiving doing the lunch run to a local cafe.

“Tommy sent me round for the Oxyacetylene trolley,” he said. I was aware of the rules and decided to help out, signing the plant out and noting down the job number. When the manager appeared, I advised him of the only interesting thing which had happened, receiving a thanks in return.

And then all hell broke loose, lots of shouting, lots of people running. Being a young curious moron, it obviously made sense to try and find what was going on and a glance into the workshop showed a vista of hell. A yellow vehicle, a Lotus I think, was on fire, suspended on a car ramp. Burning fuel was flowing downward, around the welding plant, and making its was along a shallow drain, common in workshops to trap oil. The workshop manager appeared, asking me to ensure someone had called the Fire Brigade. So I ran round to the petrol station and used the phone in the shop, unfortunately not knowing the full address but the 999 operator was confident the fire units would find the rather well known dealership. She even intoned the company advertising jingle, such was her confidence.

Returning to the workshops, everyone was enjoying the view of cars going up like firecrackers, a total of 7 vehicles being destroyed. It transpired Tommy the mechanic had decided to join the lunch run to the cafe, using his car rather than letting the parts department gofer walk. Kevin, the apprentice, got bored waiting and decided he could apply sufficient heat to a seized joint on Lotus suspension, the fibre class car deciding it didn’t like naked flames. And while all hell was breaking loose, no-one thought to turn off the petrol pumps as we were all entranced by the sound of fire engines coming closer, then getting further away as they circled the garage like seagulls waiting for food to drop. All things considered, no-one was hurt, the gas bottles didn’t explode, and after a few weeks the workshops were back in action.

Nowadays, things are different and I’d probably have found myself in court for giving a 16 year old Oxyacetylene gas bottles. And quite why it didn’t occur to anyone to turn off the petrol pumps remains a puzzle. Perhaps had there been injuries, the legal side of things may have kicked in but apparently, every single customers first words on hearing of the disaster to their car was along the lines of “is everyone okay?” Times have changed and mostly for the better as that garage would now do fire drills, have emergency procedures, proper fire fighting equipment and a head count. The initial panic among the spectators when Tommy couldn’t be seen was quickly calmed, when he drove up with lunch. This workshop had a Fire Extinguisher corner, along with a hose. Due to the fire, it was ironic neither could be reached.

In other words, there’s definitely ample justification for a company like Marlowe and their share price is showing early signals it may be about to do something useful.

 

Traditionally, we like Gap Downs followed by a Gap Up and Marlowe appear to have achieved an (almost) textbook example. The initial Gap Down in November last year breached the immediate Red uptrend. And then, in February this year, the Gap Up breached the share price downtrend in Blue. Typically, we get quite excited with a confirmed GaGa movement and this one is so perfect we almost distrust it.

If we’re strict, we’re supposed to breathlessly announce above 577p should now trigger movements to an initial 726p with secondary, if bettered, at a future impressive 916p. In fact, our in-house conventional GaGa rules say we should safely announce it’s heading to 916p, regardless of trigger levels. Thankfully, we’re cowards and like that workshop fire back in the day, there may be something important we’ve missed. Are the company about to visit Clarkstons Diddly Squat Farm, joining his Local Council and becoming a nationally hated victim of the excellent show on Amazon? For now, we’re inclined to keep an eye on them

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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
10:13:36PM	BRENT	8349.4									‘cess
10:16:30PM	GOLD	2425.56	2408	2398	2380	2438	2452	2461	2523	2428	‘cess
10:18:43PM	FTSE	8401.3
10:20:48PM	STOX50	5061.5
10:22:47PM	GERMANY	18736.7									‘cess
10:24:48PM	US500	5308.7	5302	5296	5286	5315	5322	5329	5344	5316
10:27:22PM	DOW	39806									Shambles
11:02:39PM	NASDAQ	18656
11:07:18PM	JAPAN	39228									‘cess

 

20/05/2024 FTSE Closed at 8424 points. Change of 0.05%. Total value traded through LSE was: £ 4,472,630,359 a change of -22.38%

17/05/2024 FTSE Closed at 8420 points. Change of -0.21%. Total value traded through LSE was: £ 5,762,302,042 a change of 1.63%

16/05/2024 FTSE Closed at 8438 points. Change of -0.08%. Total value traded through LSE was: £ 5,669,902,118 a change of -17.37%

15/05/2024 FTSE Closed at 8445 points. Change of 0.2%. Total value traded through LSE was: £ 6,861,663,966 a change of 1.88%

14/05/2024 FTSE Closed at 8428 points. Change of 0.17%. Total value traded through LSE was: £ 6,735,233,272 a change of 43.21%

13/05/2024 FTSE Closed at 8414 points. Change of -0.23%. Total value traded through LSE was: £ 4,703,191,844 a change of -3.6%

10/05/2024 FTSE Closed at 8433 points. Change of 0.62%. Total value traded through LSE was: £ 4,878,616,617 a change of -3.08%

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:FRES Fresnillo** **LSE:GLEN Glencore Xstra** **LSE:HL. Hargreaves Lansdown** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:LLOY Lloyds Grp.** **LSE:OXIG Oxford Instruments** **

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Updated charts published on : Fresnillo, Glencore Xstra, Hargreaves Lansdown, IG Group, IQE, Lloyds Grp., Oxford Instruments,

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LSE:FRES Fresnillo. Close Mid-Price: 639.5 Percentage Change: + 3.98% Day High: 647.5 Day Low: 628

Target met. Continued trades against FRES with a mid-price ABOVE 647.5 sh ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 501.5 Percentage Change: + 0.91% Day High: 505.6 Day Low: 498.45

Target met. In the event of Glencore Xstra enjoying further trades beyond ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 895.6 Percentage Change: -0.33% Day High: 908.4 Day Low: 893.6

In the event of Hargreaves Lansdown enjoying further trades beyond 908.4, ……..

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LSE:IGG IG Group. Close Mid-Price: 800 Percentage Change: + 0.06% Day High: 802.5 Day Low: 797

Continued trades against IGG with a mid-price ABOVE 802.5 should improve ……..

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LSE:IQE IQE. Close Mid-Price: 36.15 Percentage Change: + 7.91% Day High: 35.95 Day Low: 33

Target met. Continued trades against IQE with a mid-price ABOVE 35.95 sho ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 56.2 Percentage Change: + 1.22% Day High: 56.3 Day Low: 55.68

Further movement against Lloyds Grp. ABOVE 56.3 should improve accelerati ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2480 Percentage Change: + 0.81% Day High: 2560 Day Low: 2440

Target met. Further movement against Oxford Instruments ABOVE 2560 should ……..

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

#ClarksonsFarm #BrentCude  We were watching the Grand Prix from Italy on Sunday, when my wife had the genius suggestion of watching paint dry rather than view the boring race. Obviously, the only thing slower than paint drying is life on a farm, so we opted to catch the new episodes of Clarkson’s Farm. As with the previous series, it proved impossible to watch just a single episode. Instead, Jeremy Clarkson drew us in with the pair of us binge watching 4 hours of Diddly Squat farm. It took the 4th episode with the piglets for my wife to call time, unable to cope with the constant sadness of economics versus animal lives. However, the genius butcher delivering pork sausages said it best; “You get to love them twice, first when they’re alive and again, when you get to sell the meat!”

We’ve saved the next 4 episodes of Clarkson’s Farm for next weekend, when we doubtless give up on watching the procession of the Monaco Grand Prix. Quite why the organisers don’t run qualifying on both the Saturday and Sunday remains a puzzle as it’s the one track where “racing” has become virtually impossible, a background drone to the endless corporate events which dominate the weekend.

 

This, oddly, has quite a lot to do with Barclays. Back in January 2022, the share price closed a session at 217.1p. Last week, it managed to close Tuesday at 217.2p, officially a higher high. Similar to motor racing, this 0.1p difference can prove significant. A difference of 0.1 of a second in qualifying can make all of the difference, whereas during a race, it often doesn’t matter if the car behind is a little bit faster during a single lap as the only thing which counts is the ability to pass the car in front, something almost impossible at Monaco. We find, constantly, the biggest sane indicator on the stock market will be a share price actually closing higher, rather than simply trading higher during a session.

And Barclays, thankfully, by 1/10th of a penny have achieved this. As a result, we’re supposed to continue oozing optimism for this retail bank share.

The immediate situation now suggests movement above 218p should make an attempt at 223.6p with our longer term secondary, if bettered, at 246.6p. All things considered, it makes a lot of visual sense and hopefully world events don’t throw a spanner in the works.

Should Barclays share price opt to treat investors with similar motherly instincts given by Mr Clarkstons pigs to their piglets, below 195p looks like it could be troubling, risking promoting reversal to an initial 181 with secondary, f broken, at a hopeful bottom of 164p.

 

,

 

 

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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
1:32:46AM	BRENT	8378.2	8226	8094	7733	8346	8398	8425	8473	8294
1:37:10AM	GOLD	2414.39
1:41:44AM	FTSE	8430.9
1:45:21AM	STOX50	5069.9
10:44:54PM	GERMANY	18719.7	18625	18553	18466	18705	18733	18800	19080	18677
10:49:28PM	US500	5305.4
10:51:20PM	DOW	40000.5
10:53:36PM	NASDAQ	18544.5
10:55:42PM	JAPAN	38664

 

17/05/2024 FTSE Closed at 8420 points. Change of -0.21%. Total value traded through LSE was: £ 5,762,302,042 a change of 1.63%

16/05/2024 FTSE Closed at 8438 points. Change of -0.08%. Total value traded through LSE was: £ 5,669,902,118 a change of -17.37%

15/05/2024 FTSE Closed at 8445 points. Change of 0.2%. Total value traded through LSE was: £ 6,861,663,966 a change of 1.88%

14/05/2024 FTSE Closed at 8428 points. Change of 0.17%. Total value traded through LSE was: £ 6,735,233,272 a change of 43.21%

13/05/2024 FTSE Closed at 8414 points. Change of -0.23%. Total value traded through LSE was: £ 4,703,191,844 a change of -3.6%

10/05/2024 FTSE Closed at 8433 points. Change of 0.62%. Total value traded through LSE was: £ 4,878,616,617 a change of -3.08%

9/05/2024 FTSE Closed at 8381 points. Change of 0.32%. Total value traded through LSE was: £ 5,033,811,028 a change of -35.46%

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:AVCT Avacta** **LSE:FRES Fresnillo** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:LLOY Lloyds Grp.** **

********

Updated charts published on : Avacta, Fresnillo, IG Group, IQE, Lloyds Grp.,

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LSE:AVCT Avacta Close Mid-Price: 43.25 Percentage Change: -0.57% Day High: 43.5 Day Low: 42.5

If Avacta experiences continued weakness below 42.5, it will invariably l ……..

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LSE:FRES Fresnillo. Close Mid-Price: 615 Percentage Change: + 3.36% Day High: 625.5 Day Low: 591.5

Target met. All Fresnillo needs are mid-price trades ABOVE 625.5 to impro ……..

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LSE:IGG IG Group. Close Mid-Price: 799.5 Percentage Change: + 1.01% Day High: 796.5 Day Low: 787.5

All IG Group needs are mid-price trades ABOVE 796.5 to improve accelerati ……..

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LSE:IQE IQE. Close Mid-Price: 33.5 Percentage Change: + 3.88% Day High: 34.25 Day Low: 32.35

Target met. All IQE needs are mid-price trades ABOVE 34.25 to improve acc ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 55.52 Percentage Change: + 0.91% Day High: 55.56 Day Low: 54.96

Continued trades against LLOY with a mid-price ABOVE 55.56 should improve ……..

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

#FTSE #GOLD  For some reason, since May 10th the FTSE feels like it has decided to stop useful movement. To judge by the immediate uptrend, it looks like we’re supposed to believe everything is about to go wrong, the FTSE piercing the red uptrend line. As always, we’ve got a “however” we can wheel out and and dust off as we’re not entirely convinced by the market hesitation.

With the shambolic UK political situation managing to echo the USA with the none of the leaders or prospective leaders covering themselves in glory, it’s difficult to believe FTSE behaviour can be influenced by political promises and rumours. Perhaps this shall change, once the UK discovers the courage to actually call an election and once this kicks off, it’ll doubtless only be a matter of days before one of the UK protagonists looks at America and comes out with a good idea, building a big wall down the middle of the English Channel or resurrecting some of the WW2 invasion defences on the southern shoreline of the UK…

Whatever the real reason for the current FTSE hiatus, our inclination is to suspect we’re simply watching a “pause for thought” on a market which has underlying upward force. About the biggest danger (aside from world events) faced still looks like Brent Crude wants to retreat to the $77 level. Obviously, should this occur, a knock-on effect against the price of oil sector shares shall doubtless provoke a stall on the FTSE but until oil makes its move downward, we’re not holding our breath.

 

Near term, it feels like above 8471 points should next trigger FTSE growth to an initial 8495 points with our secondary, if bettered, at 8527 points. Should this scenario kick into life, the tightest stop loss level is almost too attractive at just 8450 points.

Our converse scenario is equally tight, reversals below just 8417 risking triggering a drop to an initial 8384 points with our secondary, if broken, at a nearby 8368 points. The close proximity of these target levels suggest some sort of surprise bounce should be expected.

 

As the month continues, one interesting feature is making itself known and that’s the “ruling target” level, a number which has been repeatedly calculated just above the 8600 level. Finally, we managed to retrieve the same answer against several different scenario and it’s giving 8663 points as the overall point of interest on the current cycle, a market level where some volatility can be expected. Hopefully it’s not caused by rioting outside the BBC, when they next televise the newest terrible Dr Who production.

Have a good weekend and enjoy the 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
10:40:56PM	BRENT	8328	8282	8095	7736	8380	8320	8355	8401	8290	‘cess
10:44:00PM	GOLD	2376.01	2371	2361	2349	2384	2399	2407	2426	2380	‘cess
10:54:06PM	FTSE	8423.1	8420	8398	8370	8440	8458	8480	8505	8438	‘cess
10:57:41PM	STOX50	5048.4	5053	5044	5034	5071	5093	5102	5173	5073	‘cess
11:02:14PM	GERMANY	18678.5	18680	18653	18592	18757	18763	18794	18832	18712	‘cess
11:06:15PM	US500	5296	5292	5287	5274	5313	5326	5356	5418	5292
11:08:43PM	DOW	39864.5	39844	39814	39733	39980	40057	40084	40164	39965
11:11:54PM	NASDAQ	18548	18542	18521	18495	18594	18654	18700	18753	18584
11:13:58PM	JAPAN	38539	38525	38400	38208	38635	38641	38684	38738	38575	‘cess

 

16/05/2024 FTSE Closed at 8438 points. Change of -0.08%. Total value traded through LSE was: £ 5,669,902,118 a change of -17.37%

15/05/2024 FTSE Closed at 8445 points. Change of 0.2%. Total value traded through LSE was: £ 6,861,663,966 a change of 1.88%

14/05/2024 FTSE Closed at 8428 points. Change of 0.17%. Total value traded through LSE was: £ 6,735,233,272 a change of 43.21%

13/05/2024 FTSE Closed at 8414 points. Change of -0.23%. Total value traded through LSE was: £ 4,703,191,844 a change of -3.6%

10/05/2024 FTSE Closed at 8433 points. Change of 0.62%. Total value traded through LSE was: £ 4,878,616,617 a change of -3.08%

9/05/2024 FTSE Closed at 8381 points. Change of 0.32%. Total value traded through LSE was: £ 5,033,811,028 a change of -35.46%

8/05/2024 FTSE Closed at 8354 points. Change of -100%. Total value traded through LSE was: £ 7,799,424,670 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:FOXT Foxtons** **LSE:HL. Hargreaves Lansdown** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:NG. National Glib** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:STAN Standard Chartered** **

********

Updated charts published on : Foxtons, Hargreaves Lansdown, IG Group, IQE, National Glib, Scottish Mortgage Investment Trust, Standard Chartered,

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LSE:FOXT Foxtons Close Mid-Price: 67.2 Percentage Change: -1.75% Day High: 69.6 Day Low: 67

Target met. Further movement against Foxtons ABOVE 70p should improve acce ……..

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LSE:HL. Hargreaves Lansdown. Close Mid-Price: 903.2 Percentage Change: + 0.20% Day High: 905.8 Day Low: 880

Target met. All Hargreaves Lansdown needs are mid-price trades ABOVE 905. ……..

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LSE:IGG IG Group. Close Mid-Price: 791.5 Percentage Change: + 0.38% Day High: 794.5 Day Low: 789

Further movement against IG Group ABOVE 794.5 should improve acceleration ……..

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LSE:IQE IQE Close Mid-Price: 32.25 Percentage Change: -0.15% Day High: 33.25 Day Low: 31.65

Further movement against IQE ABOVE 33.25 should improve acceleration towa ……..

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LSE:NG. National Glib. Close Mid-Price: 1142.5 Percentage Change: + 0.53% Day High: 1144.5 Day Low: 1133.5

All National Glib needs are mid-price trades ABOVE 1144.5 to improve acce ……..

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LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 894.6 Percentage Change: -0.25% Day High: 901.6 Day Low: 891

Further movement against Scottish Mortgage Investment Trust ABOVE 901.6 s ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 785.8 Percentage Change: + 1.50% Day High: 796 Day Low: 772.8

Target met. All Standard Chartered needs are mid-price trades ABOVE 796 t ……..

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

#Brent #Gold  Before launching into a diatribe about Genedrive in answer to a few emails, her in Argyll a surprise awaited when the bedroom curtains were opened. A massive cruise liner was parked outside, languishing in the grey and miserable weather. We often get mini cruise ships but the ship photographed below was big but thankfully not of the design which reminds of 1970’s council flats, just tarted up garishly to look modern, usually sprouting unlikely tubes which passengers use to convey themselves from one swimming pool to another lower deck pool. The ship outside was for another type client as it was called ‘Spirit of Adventure’ from Saga. And to underline the cliché of the visit, the passengers were visiting a local botanical garden and estate.

It certainly appears the cruise industry is back at work, so we shall issue an update on Carnival (LSE:CCL) next week as this was maybe an omen. This monster arrived silently, spent the day, and left silently on the outgoing tide.

 

A few years ago, when we reviewed Genedrive, somehow or other we plucked a share price of 41p out of the ether, suggesting if the share managed to close a session below 41p, trouble probably lay ahead. This was a shame, especially as the company make and sell real products, rather than being in the pharmaceutical speculation industry with values based entirely on whatever investors think on any given day. But in September 2021, the price indeed closed below 41p, opening an arithmetic argument which didn’t foresee a great future.

The situation now is a little bit troubling as the Big Picture allows for a share price bottom at just 1.49p, a target level the share price has floated above during the most recent four sessions. We can express a vague hope of a bounce being due, if only because price movements have not hit our projected “ultimate bottom” of 1.49p and perhaps this gives the potential of a bounce anytime soon. We’re not exactly oozing confident, thinking the share price is a candidate for the market to discover an excuse to gap it up one day at the open, ideally above 3p, as this has the potential to start some real recovery.

We’d certainly advocate some caution with the target numbers we’re about to present as the visuals don’t suggest taking any rise seriously until the price exceeds the Blue downtrend on the chart. Currently, this line is at 5.5p, substantially above our theoretical trigger level of 3p.

And so, without further hesitation, our software is currently hinting above 3p should head for an initial target level at 8.8p. Our longer term secondary is being presented at 11.8p, along with a warning to anticipate some hesitation at such a target level. While we do have targets above such a point, we think it would be wisest to revisit the share and analyse what’s happened, rather than believe the current near 10 fold gain shall prove an accurate prediction. While our software doesn’t have a sense of humour, we’ve learnt to take sizeable gain potentials with caution. But strangely, when we’re talking about drops, things can prove quite accurate.

For now, Genedrive Plc appear 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
11:05:37PM	BRENT	8275.9	8095	8086	7966	8200	8296	8365	8455	8248	‘cess
11:08:36PM	GOLD	2387.95	2352	2341	2324	2374	2391	2399	2409	2377	Success
11:11:31PM	FTSE	8423.2									‘cess
11:13:43PM	STOX50	5097.8									‘cess
11:15:40PM	GERMANY	18889.3
11:18:09PM	US500	5308.6									‘cess
11:22:02PM	DOW	39894.5									Success
11:26:03PM	NASDAQ	18607									‘cess
11:28:45PM	JAPAN	38739									‘cess

 

15/05/2024 FTSE Closed at 8445 points. Change of 0.2%. Total value traded through LSE was: £ 6,861,663,966 a change of 1.88%

14/05/2024 FTSE Closed at 8428 points. Change of 0.17%. Total value traded through LSE was: £ 6,735,233,272 a change of 43.21%

13/05/2024 FTSE Closed at 8414 points. Change of -0.23%. Total value traded through LSE was: £ 4,703,191,844 a change of -3.6%

10/05/2024 FTSE Closed at 8433 points. Change of 0.62%. Total value traded through LSE was: £ 4,878,616,617 a change of -3.08%

9/05/2024 FTSE Closed at 8381 points. Change of 0.32%. Total value traded through LSE was: £ 5,033,811,028 a change of -35.46%

8/05/2024 FTSE Closed at 8354 points. Change of 0.49%. Total value traded through LSE was: £ 7,799,424,670 a change of 19.63%

7/05/2024 FTSE Closed at 8313 points. Change of -100%. Total value traded through LSE was: £ 6,519,396,072 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:CAR Carclo** **LSE:EXPN Experian** **LSE:FOXT Foxtons** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HL. Hargreaves Lansdown** **LSE:IDS International Distribution** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:LLOY Lloyds Grp.** **LSE:NG. National Glib** **LSE:NWG Natwest** **

********

Updated charts published on : Carclo, Experian, Foxtons, Gulf Keystone, Glencore Xstra, Hargreaves Lansdown, International Distribution, IG Group, IQE, Lloyds Grp., National Glib, Natwest,

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LSE:CAR Carclo. Close Mid-Price: 14.5 Percentage Change: + 11.54% Day High: 15 Day Low: 13.1

Further movement against Carclo ABOVE 15 should improve acceleration towa ……..

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LSE:EXPN Experian. Close Mid-Price: 3752 Percentage Change: + 8.13% Day High: 3796 Day Low: 3602

Target met. Further movement against Experian ABOVE 3796 should improve a ……..

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LSE:FOXT Foxtons. Close Mid-Price: 68.4 Percentage Change: + 0.59% Day High: 69 Day Low: 68

All Foxtons needs are mid-price trades ABOVE 69 to improve acceleration t ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 130.2 Percentage Change: -3.91% Day High: 140.4 Day Low: 130.6

Continued trades against GKP with a mid-price ABOVE 140.4 should improve ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 487.9 Percentage Change: -0.93% Day High: 498.9 Day Low: 485.55

Continued trades against GLEN with a mid-price ABOVE 498.9 should improve ……..

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LSE:HL. Hargreaves Lansdown. Close Mid-Price: 901.4 Percentage Change: + 2.78% Day High: 897.4 Day Low: 872.8

Further movement against Hargreaves Lansdown ABOVE 897.4 should improve a ……..

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LSE:IDS International Distribution. Close Mid-Price: 314.8 Percentage Change: + 15.99% Day High: 335 Day Low: 271.2

Target met. Further movement against International Distribution ABOVE 335 ……..

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LSE:IGG IG Group. Close Mid-Price: 788.5 Percentage Change: + 1.15% Day High: 790.5 Day Low: 782

In the event of IG Group enjoying further trades beyond 790.5, the share ……..

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LSE:IQE IQE. Close Mid-Price: 32.3 Percentage Change: + 1.25% Day High: 33 Day Low: 31.75

In the event of IQE enjoying further trades beyond 33, the share should e ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 54.5 Percentage Change: -0.07% Day High: 54.8 Day Low: 54.26

All Lloyds Grp. needs are mid-price trades ABOVE 54.8 to improve accelera ……..

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LSE:NG. National Glib. Close Mid-Price: 1136.5 Percentage Change: + 1.52% Day High: 1140.5 Day Low: 1123.5

Continued trades against NG. with a mid-price ABOVE 1140.5 should improve ……..

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LSE:NWG Natwest. Close Mid-Price: 326.4 Percentage Change: + 0.87% Day High: 328.1 Day Low: 325.1

Target met. In the event of Natwest enjoying further trades beyond 328.1, ……..

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

#FTSE #Stoxx  Generally, the ability to play a few instruments (poorly) gives an air of confidence, one which was generally topped up with the old Ken Bruce ‘Popmaster’ radio quiz. While in a waiting room for an appointment, folk were talking about music and someone mentioned “The Ketchup Song” as an example of how European music can be fun and enjoyable. Admitting I’d never heard of the song title, now I know what a moth in a spotlight feels like. Patiently, it was explained the track was around 20 years ago and had hit the top of the charts throughout Europe and most other places.

While hanging my head in shame, another of the folk waiting for their appointment found and played the tune of their phone, once again forcing an admission that not only the song title was new to me but I’d literally never heard the track or, if I had, it hadn’t registered. Needless to say, “The Ketchup Song” had an associated dance which another of the attendees tried to enact from her seat. All things considered, it was probably one of the strangest experiences in a hospital waiting room, especially as one of the nurses wanted to hear it again. Returning home, it was inevitable I’d pick up a guitar to try and sort out the melody in preparation for ambushing my grand-daughters next weekend. But when I told their mum, it transpires the girls know the tune, know the words, and can do the dance, despite it charting 11 years before the eldest was even born. My only defence was my own daughter was aghast I’d never come across the track as she’d assumed I already could play it, just chose not to.

 

This has quite a lot to do with Legal and General, a share we’ve not really had the need to discuss for almost a couple of years but a brief panic over a comment on Twitter made us wonder if this was going to a a “Ketchup Song” moment, discovering the share had run amok without us noticing. Thankfully, it hadn’t but provided a sharp reminder for the reason we scan so many major shares on a daily basis in the hope of spotting an action before it happens.

Currently, Legal and General continues to tread its path in the valley between optimism and pessimism, seemingly unaware of movements being made across the wider FTSE. In fact, the current share price is almost exactly 50% of the value between the pre-pandemic high and the pandemic drop of 2020, this despite the retail banks now showing an almost reasonable effort to make themselves interesting again. Perhaps it shall be the case where LGEN shall prove to be a sleeper, though to be honest, aside from the usual Pandemic misbehaviour, LGEN has been slumbering since 2014.

Visually, the immediate situation looks quite straightforward as LGEN only need exceed 260p to hopefully start a track in the direction of 306p initially. Closure above 306p should provide a major clue for the longer term, moving the price into a region where a cycle to a future 329p calculates as possible, a new all time high and a price level at which a distant 393p is supposed to be exerting an influence.

Should things intend go wrong, below 230p looks difficult, capable of triggering reversal to an initial 210p with secondary, if broken, down at a visually unlikely 176p and hopefully a rebound.

 

,

 

 

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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
9:40:09PM	BRENT	8262
9:42:48PM	GOLD	2356									‘cess
9:45:28PM	FTSE	8439.7	8394	8368	8340	8418	8453	8472	8498	8426
9:48:49PM	STOX50	5089.9	5068	5057	5044	5079	5096	5104	5121	5080	‘cess
9:51:59PM	GERMANY	18763									‘cess
9:55:22PM	US500	5244.3
9:58:21PM	DOW	39557.8									‘cess
10:01:19PM	NASDAQ	18311									‘cess
10:03:57PM	JAPAN	38589									Success

 

14/05/2024 FTSE Closed at 8428 points. Change of 0.17%. Total value traded through LSE was: £ 6,735,233,272 a change of 43.21%

13/05/2024 FTSE Closed at 8414 points. Change of -0.23%. Total value traded through LSE was: £ 4,703,191,844 a change of -3.6%

10/05/2024 FTSE Closed at 8433 points. Change of 0.62%. Total value traded through LSE was: £ 4,878,616,617 a change of -3.08%

9/05/2024 FTSE Closed at 8381 points. Change of 0.32%. Total value traded through LSE was: £ 5,033,811,028 a change of -35.46%

8/05/2024 FTSE Closed at 8354 points. Change of 0.49%. Total value traded through LSE was: £ 7,799,424,670 a change of 19.63%

7/05/2024 FTSE Closed at 8313 points. Change of 1.22%. Total value traded through LSE was: £ 6,519,396,072 a change of 33.86%

3/05/2024 FTSE Closed at 8213 points. Change of -100%. Total value traded through LSE was: £ 4,870,153,173 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:BARC Barclays** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HL. Hargreaves Lansdown** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:ITV ITV** **LSE:MMAG Music Magpie** **LSE:NWG Natwest** **LSE:STAN Standard Chartered** **LSE:TLW Tullow** **

********

Updated charts published on : Barclays, Genel, Gulf Keystone, Glencore Xstra, British Airways, IG Group, ITV, Music Magpie, Natwest, Standard Chartered, Tullow,

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LSE:BARC Barclays. Close Mid-Price: 217.2 Percentage Change: + 1.24% Day High: 218 Day Low: 213.75

Target met. Further movement against Barclays ABOVE 218 should improve ac ……..

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LSE:GENL Genel. Close Mid-Price: 94.3 Percentage Change: + 1.73% Day High: 95.3 Day Low: 92.3

All Genel needs are mid-price trades ABOVE 95.3 to improve acceleration t ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 135.5 Percentage Change: + 6.44% Day High: 135 Day Low: 128.7

Further movement against Gulf Keystone ABOVE 135 should improve accelerat ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 492.5 Percentage Change: + 3.60% Day High: 490.8 Day Low: 475.15

Further movement against Glencore Xstra ABOVE 490.8 should improve accele ……..

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LSE:HL. Hargreaves Lansdown. Close Mid-Price: 877 Percentage Change: + 1.86% Day High: 882 Day Low: 857

Target met. Continued trades against HL. with a mid-price ABOVE 882 shoul ……..

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LSE:IAG British Airways Close Mid-Price: 184.1 Percentage Change: -1.26% Day High: 187.45 Day Low: 184.25

In the event of British Airways enjoying further trades beyond 187.45, t ……..

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LSE:IGG IG Group Close Mid-Price: 779.5 Percentage Change: -0.26% Day High: 786 Day Low: 778.5

Continued trades against IGG with a mid-price ABOVE 786 should improve th ……..

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LSE:ITV ITV. Close Mid-Price: 79.2 Percentage Change: + 2.92% Day High: 79.1 Day Low: 77.05

Continued trades against ITV with a mid-price ABOVE 79.1 should improve t ……..

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LSE:MMAG Music Magpie. Close Mid-Price: 5.5 Percentage Change: + 0.00% Day High: 5.5 Day Low: 5

Target met. Continued weakness against MMAG taking the price below 5 calc ……..

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LSE:NWG Natwest. Close Mid-Price: 323.6 Percentage Change: + 1.13% Day High: 324.7 Day Low: 319.7

Target met. Further movement against Natwest ABOVE 324.7 should improve a ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 778.4 Percentage Change: + 0.31% Day High: 781.4 Day Low: 767.4

Further movement against Standard Chartered ABOVE 781.4 should improve ac ……..

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LSE:TLW Tullow. Close Mid-Price: 38.16 Percentage Change: + 0.63% Day High: 39.18 Day Low: 36.6

Further movement against Tullow ABOVE 39.18 should improve acceleration t ……..

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