Author: T&T Staff

#FTSE #Nasdaq  The largest bank in Europe and rated 20th largest company in the world by Forbes, HSBC remains out favourite goto bank for gossip and controversy if reading their Wikipedia entry. The most recent report in 2023 suggested they have been “complicit in the repression of human rights”, an investigation chaired by the fragrant Alistair Carmichael, someone once found not guilty of misleading voters but spectacularly failed to win his court costs estimated at £150,000, a result which shouted louder than the courts verdict. But it was no surprise to discover he was earning extra funds, chairing a drawn out UK parliamentary enquiry into the activities of HSBC.

 

Something has changed with HSBC share price, the value of the share being gapped up above a significant Blue downtrend which dates back to 2007. We are not inclined to view this price manipulation as an accident, instead feeling inclined to suspect the UK market feels it may be time for the Financial Sector to start producing some recovery.

HSBC are already trading above the high pre-pandemic of 600p, this usually being the first big signal a share price is entering a proper recovery phase. The fact the market opted to gap it above this Blue downtrend should be the next big signal of good times ahead. This being the case above 703p should now promote a visit to an initial 718 with our secondary, if exceeded, calculating at 748p.

From our perspective, this secondary target is quite a big deal, due to closure above 733p taking the share price into a zone with a long term attraction coming from a future 898p.

 

If HSBC intend fall victim to something being very tentatively called “Londonitis”, a dodgy attempt at naming the frustration felt by investors & traders at the lacklustre performance of the UK stock market (it could have been worse, something like FTSE Gate), their share price currently needs below 657 to cause trouble, risking a visit down to an initial 621 with our secondary, if broken, working out at 560p and hopefully a bottom.

Oh, welcome to May and some genuine optimism for a bank 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
10:44:06PM	BRENT	8590.2									Success
10:48:45PM	GOLD	2285.63									Success
10:51:46PM	FTSE	8125.6	8120	8093	8071	8160	8159	8174	8192	8136	Shambles
10:55:24PM	STOX50	4890.9									Success
10:58:26PM	GERMANY	17856									Success
11:00:58PM	US500	5024.6									Success
11:04:05PM	DOW	37816									Success
11:08:32PM	NASDAQ	17373	17339	17185	16973	17511	17625	17742	17876	17546	Success
11:15:08PM	JAPAN	38028									Shambles

 

30/04/2024 FTSE Closed at 8144 points. Change of -0.04%. Total value traded through LSE was: £ 5,927,984,853 a change of 22.51%

29/04/2024 FTSE Closed at 8147 points. Change of 0.1%. Total value traded through LSE was: £ 4,838,878,420 a change of -6.86%

26/04/2024 FTSE Closed at 8139 points. Change of 0.76%. Total value traded through LSE was: £ 5,195,337,438 a change of -32.25%

25/04/2024 FTSE Closed at 8078 points. Change of 0.47%. Total value traded through LSE was: £ 7,668,407,153 a change of -4.61%

24/04/2024 FTSE Closed at 8040 points. Change of -0.05%. Total value traded through LSE was: £ 8,038,861,258 a change of 24.9%

23/04/2024 FTSE Closed at 8044 points. Change of 0.26%. Total value traded through LSE was: £ 6,436,213,150 a change of 18.32%

22/04/2024 FTSE Closed at 8023 points. Change of 1.62%. Total value traded through LSE was: £ 5,439,622,583 a change of -22.9%

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:AAL Anglo American** **LSE:ECO ECO (Atlantic) O & G** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:SCLP Scancell** **

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Updated charts published on : Anglo American, ECO (Atlantic) O & G, Hargreaves Lansdown, HSBC, Scancell,

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LSE:AAL Anglo American Close Mid-Price: 2634 Percentage Change: -4.22% Day High: 2786 Day Low: 2618

Continued trades against AAL with a mid-price ABOVE 2786 should improve t ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 11.5 Percentage Change: + 6.48% Day High: 12.25 Day Low: 10.8

Target met. All ECO (Atlantic) O & G needs are mid-price trades ABOVE 12. ……..

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LSE:HL. Hargreaves Lansdown. Close Mid-Price: 813.8 Percentage Change: + 3.59% Day High: 852.6 Day Low: 808.2

Further movement against Hargreaves Lansdown ABOVE 852.6 should improve a ……..

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LSE:HSBA HSBC. Close Mid-Price: 695.6 Percentage Change: + 4.12% Day High: 702.4 Day Low: 677.6

Target met. In the event of HSBC enjoying further trades beyond 702.4, th ……..

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LSE:SCLP Scancell Close Mid-Price: 8.92 Percentage Change: -6.60% Day High: 9.55 Day Low: 9.3

In the event Scancell experiences weakness below 9.3 it calculates with a ……..

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

#Gold #SP500  We find ourselves asking “will winter ever end” as this one just keeps reminding us it isn’t over. Typically, here in Argyll, deer cease being a hazard by April as they retreat ‘up the hill’ above the 500 foot level. This year, they have (so far) failed to do so, a crowd of 6 spotted in our garden today and when returning from a dog walk, a herd of 20 or more managed to briefly block the road, opting to stand on the grass and glare accusingly as we drove past. And of course, despite the sun being out, the temperature was only 3c in early afternoon.

It’s easy to blame all this climate stuff on the usual suspects, forgetting a mountain climb just 20 years ago, when sudden blizzards brought 3 fatalities over the weekend. Or years when skiing in Glencoe could be possible until May, so perhaps it’s the usual mantra for Scotland, there being no such thing as The Wrong Weather, just The Wrong Clothes. It will surprise no-one, if May of this year records high temperatures, living in a region with the sea at the front and mountains behind guaranteeing constant entertainment by the weather. But we could do without gangs of deer in the garden, thus giving the dogs a valid excuse to become quite vocal.

 

The confusion of the weather matches our confusion over insurer Beazley’s share price. Back in February, the market decided it was time for recovery, the price being gapped up solidly at the open of 22nd February to an impressive 623p. We hoped it would follow our deer, scampering up hill.  But a month later, things fizzled out before the end of March with the price now looking at risk of some slight reversals. The immediate situation threatens price movement below 629p treating investors to a drop to around an initial 591p with our secondary, if broken, at 580p. The visual proximity of these target levels tends suggest we shall be looking for a bounce, should such reversals take place. Visually, a series of dance steps such as this would “close” the gap from February 22nd, something there’s no hard and fast requirement for but nonetheless, being one of these tenets of faith among certain traders.

But we’re simply not sure reversals are on the immediate cards.

Share price movements on Monday proved distinctly odd, the sharp recovery from movements at the open of trade lending a suspicious tint to our thoughts. It almost felt like “they” were trying to fake traders into believing a drop was coming or perhaps going after someone’s substantial stop loss at 629p with the intention of freeing up some shares. Should this prove to be the case, above just 661p should next prove interesting as it calculates as being capable of a lift to an initial 688p with our longer term secondary, if exceeded, working out at a future 755p.

Perhaps it shall prove to be the case the market will force reversals, once the share price goes ex-dividend in a few days. Time will tell.

 

 

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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
9:09:38PM	BRENT	8721.9									‘cess
9:12:13PM	GOLD	2336.07	2330	2318	2307	2342	2347	2352	2361	2337
9:14:18PM	FTSE	8147									Success
9:50:38PM	STOX50	4980.7									‘cess
9:53:50PM	GERMANY	18122
9:56:14PM	US500	5114.6	5087	5068	5050	5104	5123	5129	5143	5103	Sorry
10:16:16PM	DOW	38379.5
10:18:44PM	NASDAQ	17785									‘cess
10:21:23PM	JAPAN	38305									‘cess

 

29/04/2024 FTSE Closed at 8147 points. Change of 0.1%. Total value traded through LSE was: £ 4,838,878,420 a change of -6.86%

26/04/2024 FTSE Closed at 8139 points. Change of 0.76%. Total value traded through LSE was: £ 5,195,337,438 a change of -32.25%

25/04/2024 FTSE Closed at 8078 points. Change of 0.47%. Total value traded through LSE was: £ 7,668,407,153 a change of -4.61%

24/04/2024 FTSE Closed at 8040 points. Change of -0.05%. Total value traded through LSE was: £ 8,038,861,258 a change of 24.9%

23/04/2024 FTSE Closed at 8044 points. Change of 0.26%. Total value traded through LSE was: £ 6,436,213,150 a change of 18.32%

22/04/2024 FTSE Closed at 8023 points. Change of 1.62%. Total value traded through LSE was: £ 5,439,622,583 a change of -22.9%

19/04/2024 FTSE Closed at 7895 points. Change of 0.23%. Total value traded through LSE was: £ 7,055,208,688 a change of 7.7%

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

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

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

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

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

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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:AAL Anglo American** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:ECO ECO (Atlantic) O & G** **LSE:HSBA HSBC** **LSE:NWG Natwest** **LSE:STAR Star Energy** **

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Updated charts published on : Anglo American, Astrazeneca, Barclays, ECO (Atlantic) O & G, HSBC, Natwest, Star Energy,

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LSE:AAL Anglo American. Close Mid-Price: 2750 Percentage Change: + 4.05% Day High: 2753 Day Low: 2670

All Anglo American needs are mid-price trades ABOVE 2753 to improve accel ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 12024 Percentage Change: + 0.30% Day High: 12256 Day Low: 12018

In the event of Astrazeneca enjoying further trades beyond 12256, the sha ……..

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LSE:BARC Barclays Close Mid-Price: 203.65 Percentage Change: -0.34% Day High: 207.45 Day Low: 202.75

All Barclays needs are mid-price trades ABOVE 207.45 to improve accelerat ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 10.8 Percentage Change: + 5.37% Day High: 10.8 Day Low: 9.9

Continued trades against ECO with a mid-price ABOVE 10.8 should improve t ……..

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LSE:HSBA HSBC. Close Mid-Price: 668.1 Percentage Change: + 0.68% Day High: 670.8 Day Low: 666.4

Continued trades against HSBA with a mid-price ABOVE 670.8 should improve ……..

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LSE:NWG Natwest Close Mid-Price: 302.5 Percentage Change: -1.59% Day High: 309.5 Day Low: 301

Further movement against Natwest ABOVE 309.5 should improve acceleration ……..

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LSE:STAR Star Energy. Close Mid-Price: 12.22 Percentage Change: + 1.03% Day High: 12.45 Day Low: 12.1

All Star Energy needs are mid-price trades ABOVE 12.45 to improve acceler ……..

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

#Brent #Dax  One of our favourite metrics ranks alongside “how long is a bit of string” but perhaps it shall prove more meaningful as time goes by. Barclays share price

has exceeded its price level, prior to the pandemic reversal but more importantly, it is doing it above a Blue downtrend which dates back to 2007. Impressively, the share price has continued to accelerate despite a 25% drop in profits in Q1 of this year, thanks to the Bank of England adhering to its dodgy interest rate policies. Adhering to high rates ‘cos everyone else is doing it, lacks a single iota of economic sense. A logical suspicion is of the first central bank crumbling and deciding to reduce rates shall be followed by a stampede and a race to the bottom, countries everywhere desperature to alleviate pressure on business.

 

The immediate situation for Barclays remains quite flamboyant as movement continuing above 207p now calculates with the potential of a lift to 210p next with our secondary, if bettered, now at a significant 221p. This secondary should prove important as it affords the bank share price the opportunity to close a session above its high from 2022 of 219p. From our perspective, this shall be viewed as quite a bit deal, confirming the share price is existing in a zone where a long term attraction calculates as coming from a distant looking 291p.

 

Should Barclays somehow discover a banana skin to slip on, below 188p risks providing the first real early warning signal as this risks pushing reversal down to an initial 173p with our secondary, if broken, a substantially less likely visit to 148p.

For now, we remain optimistic over the future for Barclays. Thankfully, there’s nothing dangerous happening in the world capable of derailing things and no important elections coming up, where politicians risk feeding a hungry media their usual load of rubbish…

 

 

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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
8:42:15PM	BRENT	8805.7	8763	8740	8700	8816	8835	8864	8898	8800
8:44:33PM	GOLD	2337.52	2330	2318	2307	2341	2353	2359	2369	2337
8:47:05PM	FTSE	8152	8103	8076	8046	8125	8166	8176	8187	8136
8:52:15PM	STOX50	5011.7	4954	4944	4918	5006	5022	5035	5080	5002
8:54:26PM	GERMANY	18173	17962	17862	17748	18042	18204	18222	18364	18147
8:56:42PM	US500	5099.3	5074	5066	5050	5099	5114	5125	5170	5086
8:59:17PM	DOW	38260	38051	37981	37862	38180	38340	38533	38794	38141
9:01:49PM	NASDAQ	17706.3	17544	17511	17423	17650	17775	17800	17837	17688
9:55:41PM	JAPAN	38338	37696	37621	37362	38005	38398	38455	38900	38269

 

26/04/2024 FTSE Closed at 8139 points. Change of 0.76%. Total value traded through LSE was: £ 5,195,337,438 a change of -32.25%

25/04/2024 FTSE Closed at 8078 points. Change of 0.47%. Total value traded through LSE was: £ 7,668,407,153 a change of -4.61%

24/04/2024 FTSE Closed at 8040 points. Change of -0.05%. Total value traded through LSE was: £ 8,038,861,258 a change of 24.9%

23/04/2024 FTSE Closed at 8044 points. Change of 0.26%. Total value traded through LSE was: £ 6,436,213,150 a change of 18.32%

22/04/2024 FTSE Closed at 8023 points. Change of 1.62%. Total value traded through LSE was: £ 5,439,622,583 a change of -22.9%

19/04/2024 FTSE Closed at 7895 points. Change of 0.23%. Total value traded through LSE was: £ 7,055,208,688 a change of 7.7%

18/04/2024 FTSE Closed at 7877 points. Change of 0.38%. Total value traded through LSE was: £ 6,551,072,926 a change of 27.48%

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:AAL Anglo American** **LSE:AZN Astrazeneca** **LSE:DARK Darktrace Plc** **LSE:NWG Natwest** **LSE:SCLP Scancell** **

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Updated charts published on : Anglo American, Astrazeneca, Darktrace Plc, Natwest, Scancell,

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LSE:AAL Anglo American. Close Mid-Price: 2643 Percentage Change: + 3.24% Day High: 2721 Day Low: 2518.5

In the event of Anglo American enjoying further trades beyond 2721, the s ……..

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LSE:AZN Astrazeneca Close Mid-Price: 11988 Percentage Change: -0.32% Day High: 12144 Day Low: 11882

Further movement against Astrazeneca ABOVE 12144 should improve accelerat ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 602 Percentage Change: + 16.44% Day High: 624 Day Low: 512.4

Target met. In the event of Darktrace Plc enjoying further trades beyond ……..

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LSE:NWG Natwest. Close Mid-Price: 307.4 Percentage Change: + 6.07% Day High: 308.7 Day Low: 295.5

Target met. Continued trades against NWG with a mid-price ABOVE 308.7 sho ……..

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LSE:SCLP Scancell. Close Mid-Price: 9.6 Percentage Change: + 0.00% Day High: 9.6 Day Low: 9.38

Target met. Continued weakness against SCLP taking the price below 9.38 c ……..

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

#FTSE #Gold  There’s nothing like a seriously big picture glance at a chart to throw a bucket of cold water on expectations. Surprisingly, for the FTSE, this isn’t the case as the share price has now closed higher, achieved a higher intraday value,  than at any point ever. In fact, from the perspective of most of hour rules we’d be churlish to dodge optimism as the market value now also exceeds levels pre-pandemic. Perhaps we’re closing on the time, when opening a bottle of “own brand” supermarket Prosecco is almost a good idea and on the bright side, any left in the bottle can be used to remove bird droppings from a car.

There is certainly plenty of reason to pause for thought with the immediate chart below. From 2003 until 2007, people everywhere were delighted at the FTSE recovery from the Tech crash of 2003 but literally, from every perspective, the FTSE failed in providing final confirmation of happy days continuing, when during 2007 it utterly failed to register Higher Highs of any type. Everyone knows what happened thereafter, this failure to recover ushering in the Financial crash of 2009. A constant irritant, following the 2009 crash, came from repeated articles in the FT and Telegraph, warning a “Double Bottom was somehow inevitable to match 2009’s lows. Anyone capable of reviewing a chart rapidly spotted the Financial crash already met criteria for a market “Double Bottom” following events from 2003. But it was going to take until 2013 before they stopped writing this silly theory.

Thus, we now find ourselves in a surprising situation, the FTSE having ticked some pretty important boxes which allow optimism for the longer term. Those of a sceptical disposition should skip the next bit, due to the Big Picture offering some quite fanciful strength for the longer term.

Apparently, the FTSE can now be viewed as heading toward an initial 8635 points with our secondary, if bettered, an amazing 9298 points. Obviously, this is from a long term standpoint, the FTSE needing below 7517 points to utterly cancel our calculations. From the point of view of constituents of the FTSE, hopefully this is an indication some of the sectors languishing in the gutter are about to try for a day in the sun.

 

The FTSE from a near term perspective is simply strange. Since April 22nd, the index has been refusing to make “proper” movements, mucking around with multiple fits and starts, only to be hammered back into place as each day continues. Thankfully, behaviour has gotten to the point where above just 8106 points should trigger movement next to an initial 8131 points with our secondary, if beaten, a surprisingly smug looking 8204 points. Should such a miracle occur, our tightest stop looks like 8058 points.

Our converse scenario suggests weakness below 8058 risks a trip down to 8034 points. If broken, our secondary works out at 8003 points and a possible 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
9:47:41PM	BRENT	8794.2	8664	8604		8685	8803	8830		8713
9:52:40PM	GOLD	2331.63	2313	2303		2325	2345	2355		2323
9:55:22PM	FTSE	8135.4	8078	8054		8108	8144	8157		8122	Success
9:58:48PM	STOX50	4981.5	4899	4865		4943	4993	5007		4963	Success
10:01:13PM	GERMANY	18064.5	17908	17791		18007	18083	18093		18023	‘cess
10:03:28PM	US500	5099.5	5043	5020		5073	5101	5124		5071	Shambles
10:05:58PM	DOW	38146.5	37755	37716		37887	38212	38325		38072	Success
10:08:14PM	NASDAQ	17683.8	17365	17265		17477	17700	17750		17630	Shambles
10:11:27PM	JAPAN	37829	37118	36917		37406	37900	38081		37587	Success

 

25/04/2024 FTSE Closed at 8078 points. Change of 0.47%. Total value traded through LSE was: £ 7,668,407,153 a change of -4.61%

24/04/2024 FTSE Closed at 8040 points. Change of -0.05%. Total value traded through LSE was: £ 8,038,861,258 a change of 24.9%

23/04/2024 FTSE Closed at 8044 points. Change of 0.26%. Total value traded through LSE was: £ 6,436,213,150 a change of 18.32%

22/04/2024 FTSE Closed at 8023 points. Change of 1.62%. Total value traded through LSE was: £ 5,439,622,583 a change of -22.9%

19/04/2024 FTSE Closed at 7895 points. Change of 0.23%. Total value traded through LSE was: £ 7,055,208,688 a change of 7.7%

18/04/2024 FTSE Closed at 7877 points. Change of 0.38%. Total value traded through LSE was: £ 6,551,072,926 a change of 27.48%

17/04/2024 FTSE Closed at 7847 points. Change of 0.35%. Total value traded through LSE was: £ 5,138,744,008 a change of -8.61%

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:AAL Anglo American** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:ECO ECO (Atlantic) O & G** **LSE:NWG Natwest** **

********

Updated charts published on : Anglo American, Astrazeneca, Barclays, ECO (Atlantic) O & G, Natwest,

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LSE:AAL Anglo American. Close Mid-Price: 2560 Percentage Change: + 16.10% Day High: 2579.5 Day Low: 2421

Target met. Further movement against Anglo American ABOVE 2579.5 should i ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 12026 Percentage Change: + 5.94% Day High: 12096 Day Low: 11850

Target met. Continued trades against AZN with a mid-price ABOVE 12096 sho ……..

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LSE:BARC Barclays. Close Mid-Price: 204 Percentage Change: + 6.73% Day High: 206.7 Day Low: 194

Target met. Continued trades against BARC with a mid-price ABOVE 206.7 sh ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 10.3 Percentage Change: + 9.57% Day High: 10.3 Day Low: 9.4

Target met. Further movement against ECO (Atlantic) O & G ABOVE 10.3 shou ……..

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LSE:NWG Natwest. Close Mid-Price: 289.8 Percentage Change: + 1.36% Day High: 290.8 Day Low: 285

All Natwest needs are mid-price trades ABOVE 290.8 to improve acceleratio ……..

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

#Brent #WallSt  BP share price appears to have discovered an invisible pause button, matching the share price highs prior to the 2020 Pandemic reversals. This sort of thing is proving distressingly common, the stock market  tending regard these historic levels with a queer degree of reverence. Even the FTSE itself, trapped in the pre-pandemic grip for a few years, is only now starting to signal hope for the longer term.

In the case of BP, our inclination is to take closure above 580p as a pretty solid indicator happy times are ahead. Oddly, there seems to be an assumption heightened tensions in the Middle East should cause runaway acceleration of BP’s share price but in reality, when is there not a war somewhere in the world? Oil prices certainly seemed incline to follow Middle East hysteria and while elevated prices for crude oil usually are reflected in the price of energy shares, there is something truly odd with crude prices. While they remain high, the type of movement is more reminiscent of something being artificially influenced rather reflecting actual market forces. This year, it feels like market forces are conspiring to keep Brent (for instance) in a holding pattern roughly between $80 and $90, no matter what our calculations say. Conventional logic would have Brent crude reversing quite sharply at present, the “the market” simply doesn’t want it to.

 

Circled on the chart is a fairly rare chart pattern, named from an old comedy show called “Allo Allo”. The “Allo Allo Pattern” is so named, due to a storyline from the comedy relating to a painting called “The Fallen Madonna” (With The Big Boobies”). It’s a chart pattern share prices tend experiencing difficulty escaping from, perhaps a reference to the comedy show lasting longer than the 2nd World War in which it was based or perhaps a reminder of a joke being only funny for so long… Okay, we’re kidding about this but it would have made a great analysis for the start of this month!

 

Currently, BP share price needs exceed 541 to give slight early hope, calculating with the potential of 555p and a very possible donk against the Blue downtrend which amazingly dates back to 2006. Closure above 555p will become crucial for the longer term, introducing a strong possibilty of future movement to 658p and a brave new world for the oil giants share value.

The converse scenario, examining the risks if everything goes wrong, proposes below 504p risks triggering reversals to an initial 471p with our secondary, if broken, a less likely 442p. We think this secondary is less likely, due to the presence of the Red uptrend and the care now being taken not to allow BP’s share price to drip below.

 

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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
11:06:54PM	BRENT	8706.3	8518	8344	8068	8672	8778	8827	8929	8686
11:09:18PM	GOLD	2317.32
11:11:34PM	FTSE	8010									‘cess
11:18:58PM	STOX50	4966.5									‘cess
11:21:56PM	GERMANY	18004.9									‘cess
11:24:59PM	US500	5039.6
11:27:52PM	DOW	38400	38304	38225	38106	38456	38584	38863	39404	38469
11:33:08PM	NASDAQ	17343									‘cess
11:37:17PM	JAPAN	37496

 

24/04/2024 FTSE Closed at 8040 points. Change of -0.05%. Total value traded through LSE was: £ 8,038,861,258 a change of 24.9%

23/04/2024 FTSE Closed at 8044 points. Change of 0.26%. Total value traded through LSE was: £ 6,436,213,150 a change of 18.32%

22/04/2024 FTSE Closed at 8023 points. Change of 1.62%. Total value traded through LSE was: £ 5,439,622,583 a change of -22.9%

19/04/2024 FTSE Closed at 7895 points. Change of 0.23%. Total value traded through LSE was: £ 7,055,208,688 a change of 7.7%

18/04/2024 FTSE Closed at 7877 points. Change of 0.38%. Total value traded through LSE was: £ 6,551,072,926 a change of 27.48%

17/04/2024 FTSE Closed at 7847 points. Change of 0.35%. Total value traded through LSE was: £ 5,138,744,008 a change of -8.61%

16/04/2024 FTSE Closed at 7820 points. Change of -1.82%. Total value traded through LSE was: £ 5,622,635,189 a change of 16.7%

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

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

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

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

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

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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:BLOE Block Energy PLC** **LSE:DARK Darktrace Plc** **LSE:ECO ECO (Atlantic) O & G** **LSE:NWG Natwest** **

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Updated charts published on : Astrazeneca, Block Energy PLC, Darktrace Plc, ECO (Atlantic) O & G, Natwest,

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LSE:AZN Astrazeneca. Close Mid-Price: 11352 Percentage Change: + 0.75% Day High: 11412 Day Low: 11288

All Astrazeneca needs are mid-price trades ABOVE 11412 to improve acceler ……..

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LSE:BLOE Block Energy PLC. Close Mid-Price: 1.77 Percentage Change: + 5.97% Day High: 1.98 Day Low: 1.68

Target met. In the event of Block Energy PLC enjoying further trades beyo ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 518.6 Percentage Change: + 5.84% Day High: 524.6 Day Low: 494.4

Further movement against Darktrace Plc ABOVE 524.6 should improve acceler ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 9.4 Percentage Change: + 10.59% Day High: 9.7 Day Low: 8.5

Now above 9.75 calculates with the potential of a lift to 10.1 with second ……..

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LSE:NWG Natwest. Close Mid-Price: 285.9 Percentage Change: + 0.03% Day High: 287.4 Day Low: 282

In the event of Natwest enjoying further trades beyond 287.4, the share s ……..

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

#FTSE #Stoxx50  We generally avoid share prices below 1p as too often, they become victims on internet chat room speculation which proves capable of provoking irrational movement. Unfortunately, this sort of nonsense is often accompanied by ridiculous spreads from brokers, making profitable trading difficult. We’ve had a bunch of emails asking about 88 Energy in quantity sufficient to force us to take an interest.

Unsurprisingly, news the company intend dilute their issued shares by a few billion new ordinary shares to raise just over £5 million didn’t impress the market in the efforts of the company to “strengthen” their balance sheet and provide capital for ongoing operations. Obviously, this Placing which is designed to provide sufficient funds for at least 12 months, has provoked some reversal on the share price. With the share price already trading substantially below our calculated “Ultimate Bottom”, a price level which the Big Picture doesn’t allow us to calculate below without introducing impossible Minus Signs into target levels. However, there’s a slight chance the current level could be deemed as “a bottom” and provide a price level where a rebound may be possible. But there’s no doubt the share price is a mess.

Viewing it from the present position, below 0.1575 calculates with the risk of reversal to 0.12 with our secondary, if broken, an eventual painful looking 0.08p. These absurd drop target levels may be viewed with an appreciation our Ultimate Bottom is now at -3p!

 

However, if the market proves kind hearted enough to allow some recovery, it’s now the case where the price need only exceed 0.225p to ideally trigger miracle recovery to an initial 0.45 with our secondary, if bettered, at 0.56p. In this instance, if the market opts to gap the share price up, ongoing acceleration to a third level of 0.78 and some probable hesitation looks amazingly viable.

This one certainly bothers us. We’ve seen plenty of efforts over the years of a company “bilking” shareholders by issuance of a Placing every few years, the share price essentially being driven lower and lower. The eventual endgame of this sort of game generally comes with Price Consolidation, an exercise in “here’s one brand new share in return for 100 of your old shares”, giving a phony reason for the share price to suddenly be shown at a respectable level. It’s one of the other reasons we tend avoid shares when their price declines below 1p.

But should 88 Energy stumble above 0.225p, there’s certainly a chance something useful may happen.

 

 

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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
8:46:14PM	BRENT	8736.7									Success
8:51:35PM	GOLD	2322.4									‘cess
8:55:37PM	FTSE	8069.3	8020	7993	7964	8050	8082	8101	8128	8059
8:58:26PM	STOX50	5018.5	4943	4919	4884	4980	5025	5033	5106	5002	‘cess
9:02:27PM	GERMANY	18159.3
9:05:10PM	US500	5070									‘cess
9:13:41PM	DOW	38487
9:16:52PM	NASDAQ	17496.4									Success
9:19:35PM	JAPAN	37876									‘cess

 

23/04/2024 FTSE Closed at 8044 points. Change of 0.26%. Total value traded through LSE was: £ 6,436,213,150 a change of 18.32%

22/04/2024 FTSE Closed at 8023 points. Change of 1.62%. Total value traded through LSE was: £ 5,439,622,583 a change of -22.9%

19/04/2024 FTSE Closed at 7895 points. Change of 0.23%. Total value traded through LSE was: £ 7,055,208,688 a change of 7.7%

18/04/2024 FTSE Closed at 7877 points. Change of 0.38%. Total value traded through LSE was: £ 6,551,072,926 a change of 27.48%

17/04/2024 FTSE Closed at 7847 points. Change of 0.35%. Total value traded through LSE was: £ 5,138,744,008 a change of -8.61%

16/04/2024 FTSE Closed at 7820 points. Change of -1.82%. Total value traded through LSE was: £ 5,622,635,189 a change of 16.7%

15/04/2024 FTSE Closed at 7965 points. Change of -0.38%. Total value traded through LSE was: £ 4,817,927,674 a change of -11.37%

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:AZN Astrazeneca** **LSE:BLOE Block Energy PLC** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:NWG Natwest** **LSE:QED Quadrise** **

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Updated charts published on : Avacta, Astrazeneca, Block Energy PLC, HSBC, British Airways, Natwest, Quadrise,

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LSE:AVCT Avacta Close Mid-Price: 44.5 Percentage Change: -0.22% Day High: 45.5 Day Low: 43.25

Weakness on Avacta below 43.25 will invariably lead to 40p with secondary ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 11268 Percentage Change: + 0.16% Day High: 11362 Day Low: 11220

In the event of Astrazeneca enjoying further trades beyond 11362, the sha ……..

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LSE:BLOE Block Energy PLC. Close Mid-Price: 1.68 Percentage Change: + 11.67% Day High: 1.75 Day Low: 1.5

Target met. All Block Energy PLC needs are mid-price trades ABOVE 1.75 to ……..

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LSE:HSBA HSBC. Close Mid-Price: 667.7 Percentage Change: + 0.18% Day High: 669.6 Day Low: 663.8

All HSBC needs are mid-price trades ABOVE 669.6 to improve acceleration t ……..

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LSE:IAG British Airways. Close Mid-Price: 175.95 Percentage Change: + 0.43% Day High: 179.35 Day Low: 176.15

Further movement against British Airways ABOVE 179.35 should improve acc ……..

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LSE:NWG Natwest. Close Mid-Price: 285.8 Percentage Change: + 2.18% Day High: 286.2 Day Low: 281.3

Further movement against Natwest ABOVE 286.2 should improve acceleration ……..

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LSE:QED Quadrise. Close Mid-Price: 1.82 Percentage Change: + 2.10% Day High: 1.88 Day Low: 1.7

In the event of Quadrise enjoying further trades beyond 1.88, the share s ……..

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

#Gold #S&P500  Something curious appears to be going on with Mobico, once known as National Express until changing their name in 2023. A rash of negative news, turnover up but profits down, their CFO jumping ship, and accounting issues in their German train division all seem to have conspired toward a pretty dire time since 2020 but watching intraday price shuffles at the start of this week made us pause for thought.

There were a lot of factors present, indicating the share price could easily slide further downhill but despite what probably felt like a vile day, things didn’t go anywhere as badly as was possible. Instead, we started to wonder if all the negative news was “factored in” and there shouldn’t be any more surprises left. After all, the public appear to be losing their fear of being crammed into germ laden environments and we’ve already noticed the dreaded tourists busses are making their presence felt on narrow roads locally. Even the local bus service in our bit of Argyll looks like it has experienced a 100% increase in trade as today, two people were spotted on the hourly service to town, a massive increase than the usual person who always sits at the very rear. It’s possible the bus picks up many more passengers on its route as it winds though areas with greater populations but we’ve got our doubts.

 

The myth of all bad news being “factored in” can often end in tears and we’re basing our positive bias against the salient detail this share price didn’t entirely collapse. To prove this inconstant theory, above 59.7p should prove interesting, calculating with the potential of a share price lift to an initial 61.5p with our secondary, if exceeded, calculating at 65.5p. Closure above this secondary value should provide a solid early warning signal of the share price moving into a region, where some Big Picture ambitions become available.

Finally, now below 51p would signal more trouble than 4 flashing Red lights on an overhead motorway gantry, making reversal to an eventual 39p and hopefully, an ultimate bottom as we cannot calculate below such. For now, as with all bus and train journeys, it’s fingers crossed time!

 

 

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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
9:40:18PM	BRENT	8661
9:42:52PM	GOLD	2328	2325	2301	2262	2344	2364	2379	2397	2352	Success
9:45:22PM	FTSE	8044									Success
9:47:49PM	STOX50	4951
9:53:53PM	GERMANY	17928									‘cess
9:56:54PM	US500	5010.5	4970	4946	4915	4999	5040	5052	5094	5004
9:59:35PM	DOW	38258									Success
10:03:28PM	NASDAQ	17200									‘cess
10:08:48PM	JAPAN	37705									Success

 

22/04/2024 FTSE Closed at 8023 points. Change of 1.62%. Total value traded through LSE was: £ 5,439,622,583 a change of -22.9%

19/04/2024 FTSE Closed at 7895 points. Change of 0.23%. Total value traded through LSE was: £ 7,055,208,688 a change of 7.7%

18/04/2024 FTSE Closed at 7877 points. Change of 0.38%. Total value traded through LSE was: £ 6,551,072,926 a change of 27.48%

17/04/2024 FTSE Closed at 7847 points. Change of 0.35%. Total value traded through LSE was: £ 5,138,744,008 a change of -8.61%

16/04/2024 FTSE Closed at 7820 points. Change of -1.82%. Total value traded through LSE was: £ 5,622,635,189 a change of 16.7%

15/04/2024 FTSE Closed at 7965 points. Change of -0.38%. Total value traded through LSE was: £ 4,817,927,674 a change of -11.37%

12/04/2024 FTSE Closed at 7995 points. Change of 0.91%. Total value traded through LSE was: £ 5,435,726,241 a change of -8.93%

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:AZN Astrazeneca** **LSE:GKP Gulf Keystone** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:QED Quadrise** **LSE:SCLP Scancell** **

********

Updated charts published on : Avacta, Astrazeneca, Gulf Keystone, HSBC, British Airways, Quadrise, Scancell,

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LSE:AVCT Avacta Close Mid-Price: 44.6 Percentage Change: -8.04% Day High: 48.5 Day Low: 43.75

In the event Avacta experiences weakness below 43.75 it calculates with a ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 11250 Percentage Change: + 2.78% Day High: 11306 Day Low: 11004

Further movement against Astrazeneca ABOVE 11306 should improve accelerat ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 122.4 Percentage Change: + 9.29% Day High: 129 Day Low: 112.2

All Gulf Keystone needs are mid-price trades ABOVE 129 to improve acceler ……..

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LSE:HSBA HSBC. Close Mid-Price: 666.5 Percentage Change: + 3.14% Day High: 667.8 Day Low: 653.3

Further movement against HSBC ABOVE 667.8 should improve acceleration tow ……..

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LSE:IAG British Airways. Close Mid-Price: 175.2 Percentage Change: + 3.36% Day High: 176.4 Day Low: 170.1

Continued trades against IAG with a mid-price ABOVE 176.4 should improve ……..

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LSE:QED Quadrise. Close Mid-Price: 1.78 Percentage Change: + 11.23% Day High: 1.85 Day Low: 1.7

This is getting interesting as above 1.85 calculates with the potential of ……..

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LSE:SCLP Scancell. Close Mid-Price: 9.6 Percentage Change: + 0.00% Day High: 9.6 Day Low: 9.4

Target met. Weakness on Scancell below 9.4 will invariably lead to 9.4p w ……..

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