Author: T&T Staff

#Gold #DOW  We were totally caught out by the USA’s most recent excuse for a market holiday, Juneteenth. The event initially caused pause for thought, immediately jumping to the new channels in case something had happened. Eventually, the penny dropped with the realisation most folk had gone fishing or DIY-ing for the day. We’d certainly not complain if the UK opted to invent a market holiday to fill the void between August and the Festive season, perhaps anointing Halloween with an added reason to mimic the US’s fascination with the period. Unfortunately, we also feel the markets would take advantage of such a holiday, declaring it as the best time of the year to scare investors silly!

It’s probably wise to keep this concept to ourselves as surely one of the political parties would seize the idea, shoehorn it into their manifesto and loudly pronounce, “see, we’ve an idea the other side doesn’t!”

 

We’ve have a bunch of emails asking our thoughts on #PetroMatad, the household name petroleum explorers, developers, and producers in Mongolia who are listed on the UK AIM market. With personal knowledge of the large country restricted to the time The Grand Tour (or maybe Top Gear) passed through – or maybe it was Euan McGregor doing The Long Way Round, it seemed sensible to take a glance at the company website. It’s well laid out, giving more information about the country and company than we wanted to know for a quick report.

There are some quite slight hints the share price may be getting ready to do something positive, judging by recent dance steps. The immediate situation suggests trades above just 4.1p (hopefully not with a price spike in the opening seconds of trade) shall trigger an upward push to an initial 4.65p. At this level, things become quite interesting and we’ve circled a price movement a year ago to explain why. Sometimes, this sort of spike above a trend can be a strong suggestion, essentially proof the downtrend can be broken and with the share price failing to challenge previous lows, hope is indeed possible.

Above our initial target of 4.65p calculates with a surprising number at 5.75p, breaking above the trend and ideally providing the share price with an opportunity to close above the trend. This should prove very significant, dumping the price in a zone where a longer term attraction shall be seen as coming from 9.63p. Alas, this number is similar to our Halloween Holiday concept, something for which there is little likelihood at present…

Oh, and if they intend spoil our calculations, the share need only slip below Red, presently at 3p.

 

 

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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
9:35:28PM	BRENT	8480								8434
10:01:42PM	GOLD	2327.61	2322	2318	2312	2332	2335	2339	2343	2327
10:04:11PM	FTSE	8208.3								8195
10:07:46PM	STOX50	4882								4880
10:12:44PM	GERMANY	18079.3								18076
10:16:39PM	US500	5490								5488
10:20:32PM	DOW	38775	38726	38637	38534	38800	38873	38980	39064	38794
10:26:14PM	NASDAQ	19942.5								19936
10:32:11PM	JAPAN	38349								38433

 

19/06/2024 FTSE Closed at 8205 points. Change of 0.17%. Total value traded through LSE was: £ 4,431,021,762 a change of -14.42%

18/06/2024 FTSE Closed at 8191 points. Change of 0.6%. Total value traded through LSE was: £ 5,177,578,584 a change of -3.32%

17/06/2024 FTSE Closed at 8142 points. Change of -0.05%. Total value traded through LSE was: £ 5,355,562,392 a change of 9.34%

14/06/2024 FTSE Closed at 8146 points. Change of -0.21%. Total value traded through LSE was: £ 4,897,995,674 a change of -10.04%

13/06/2024 FTSE Closed at 8163 points. Change of -0.63%. Total value traded through LSE was: £ 5,444,343,185 a change of -29.92%

12/06/2024 FTSE Closed at 8215 points. Change of 0.83%. Total value traded through LSE was: £ 7,768,504,488 a change of -2.17%

11/06/2024 FTSE Closed at 8147 points. Change of -0.98%. Total value traded through LSE was: £ 7,940,759,501 a change of 69.47%

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:BDEV Barrett Devs** **LSE:DGE Diageo** **LSE:ITM ITM Power** **LSE:RR. Rolls Royce** **

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Updated charts published on : AFC Energy, Barrett Devs, Diageo, ITM Power, Rolls Royce,

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LSE:AFC AFC Energy. Close Mid-Price: 18.78 Percentage Change: + 8.30% Day High: 19.78 Day Low: 17.32

This is a bit of a shambles and ideally I’d like to see it gapped up at th ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 468.7 Percentage Change: -2.74% Day High: 482.9 Day Low: 467.4

Target met. Weakness on Barrett Devs below 467.4 will invariably lead to ……..

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LSE:DGE Diageo. Close Mid-Price: 2569 Percentage Change: + 0.43% Day High: 2569.5 Day Low: 2515.5

If Diageo experiences continued weakness below 2515.5, it will invariably ……..

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LSE:ITM ITM Power. Close Mid-Price: 48.32 Percentage Change: + 1.05% Day High: 49.76 Day Low: 47.02

Weakness on ITM Power below 47.02 will invariably lead to 41 with seconda ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 472.5 Percentage Change: + 0.98% Day High: 473.5 Day Low: 467.9

Further movement against Rolls Royce ABOVE 473.5 should improve accelerat ……..

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

#FTSE #NASDAQ  This, we think, is the first time we’ve covered a company with a Dual Listing in both Jo’burg and London. A childhood addiction to Wilbur Smiths books provided a long term liking for South Africa, one of these bucket list things. When our daughter opted to marry a South African, we had no objections to funding a wedding as it would tick off a bucket list thing and better still, get our daughter off our hands. However…

The wedding was utterly brilliant, the organisation and catering in a wildlife park venue a credit to the country. Our impressions of the country were boosted, thanks to South African hosts who ensured we only saw the better parts of Johannesburg, exactly as anyone would do with a guest visiting their home town. The first night was quite memorable, sitting outside with drinks while listening to the sporadic fireworks going off in the distance, looking up at an unfamiliar sky of stars. Of course, the next morning, we discovered the “fireworks” were actually gunshots, due to some sort of gang warfare but it did give a solid reason for the gated area in which we stayed being patrolled by armed guards. We opted to take a walk before breakfast to a nearby supermarket we’d noticed on the way. There was a wonderful sense of familiarity, Ken Bruce of ‘One Year Out’ fame voicing some sort of background radio in the store, creating the opportunity to joke with the cashier. I’d attended the same Primary School as Ken Bruce, thankfully a few years behind him. With a bag of goodies, we returned to our accommodation, one of the staff wanting to walk with us to hear more tales of Scotland.

Inevitably, we received quite a scary talk about personal safety and it was pointed out supermarkets generally don’t provide escorts to ensure their customers get home. In this particular area, the white populace didn’t shop at the local stores and would never, ever, walk the streets to get there. Worse, when asking over breakfast what all the fireworks were for the previous night, incredulity ruled that we didn’t recognise gunfire. Despite this, we continued to thoroughly enjoy our time in the country, especially the lack of Europe’s Orwellian anti-smoking laws back in 2010. But now, as neither of us still smoke and our views have changed, there was something pleasantly familiar on the night of the wedding, people able to indulge their habit in a way which had long been impossible in broken, nanny state, UK.

 

Investec, operating primarily in the UK and South Africa, employs over 8,000 people worldwide and now appear to have a share price worthy of some respect too.

 

Trading higher than at any point since the close of 2018, we’re inclined to look favourably on their prospects for the future. In addition to achieving an official “higher high”, the share price has also broken through and closed above a Blue downtrend which dates back to 2007, each of these things giving an impression something solid may be happening. There’s quite an easy tick box needing attention in the near term as movement above just 592p should trigger gains toward an initial 608p. Longer term, our secondary is at 697p but it may be important to mention The Big Picture is also suggesting a distant sounding 770p as valid, almost exactly matching the shares previous all time highs from 2007.

If things intend go wrong, the share price requires to slump below Red (500p currently) to trigger reversal to an initial 468 with secondary, if broken, at 428p and a probable bottom.

Visually, we like this one.

 

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:00:28PM	BRENT	8511.6									‘cess
10:03:45PM	GOLD	2329
10:36:19PM	FTSE	8192.9	8157	8148	8129	8183	8205	8227	8263	8178
10:41:25PM	STOX50	4918.7									‘cess
10:44:21PM	GERMANY	18153.1									‘cess
10:48:29PM	US500	5490
10:51:54PM	DOW	38840									Success
10:56:41PM	NASDAQ	19920.5	19840	19817	19760	19920	19981	21048	21343	19840
11:04:30PM	JAPAN	38592

 

18/06/2024 FTSE Closed at 8191 points. Change of 0.6%. Total value traded through LSE was: £ 5,177,578,584 a change of -3.32%

17/06/2024 FTSE Closed at 8142 points. Change of -0.05%. Total value traded through LSE was: £ 5,355,562,392 a change of 9.34%

14/06/2024 FTSE Closed at 8146 points. Change of -0.21%. Total value traded through LSE was: £ 4,897,995,674 a change of -10.04%

13/06/2024 FTSE Closed at 8163 points. Change of -0.63%. Total value traded through LSE was: £ 5,444,343,185 a change of -29.92%

12/06/2024 FTSE Closed at 8215 points. Change of 0.83%. Total value traded through LSE was: £ 7,768,504,488 a change of -2.17%

11/06/2024 FTSE Closed at 8147 points. Change of -0.98%. Total value traded through LSE was: £ 7,940,759,501 a change of 69.47%

10/06/2024 FTSE Closed at 8228 points. Change of -0.21%. Total value traded through LSE was: £ 4,685,518,096 a change of -0.6%

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…

---

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

Click Epic to jump to share: LSE:BDEV Barrett Devs** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:RKH Rockhopper** **LSE:TERN Tern Plc** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Barrett Devs, Intercontinental Hotels Group, ITM Power, Rockhopper, Tern Plc, Zoo Digital,

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LSE:BDEV Barrett Devs Close Mid-Price: 481.9 Percentage Change: -1.19% Day High: 493 Day Low: 482.8

If Barrett Devs experiences continued weakness below 482.8, it will invar ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 8264 Percentage Change: + 1.57% Day High: 8332 Day Low: 8174

Continued trades against IHG with a mid-price ABOVE 8332 should improve t ……..

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LSE:ITM ITM Power Close Mid-Price: 47.82 Percentage Change: -0.87% Day High: 49.62 Day Low: 47.82

If ITM Power experiences continued weakness below 47.82, it will invariab ……..

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LSE:RKH Rockhopper. Close Mid-Price: 14.9 Percentage Change: + 0.00% Day High: 15.2 Day Low: 14.5

Target met. Further movement against Rockhopper ABOVE 15.2 should improve ……..

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LSE:TERN Tern Plc Close Mid-Price: 2.2 Percentage Change: -6.38% Day High: 2.35 Day Low: 2.25

Continued weakness against TERN taking the price below 2.25 calculates as ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 65 Percentage Change: + 0.00% Day High: 66.5 Day Low: 64.5

All Zoo Digital needs are mid-price trades ABOVE 66.5 to improve accelera ……..

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

#FTSE #NASDAQ  This, we think, is the first time we’ve covered a company with a Dual Listing in both Jo’burg and London. A childhood addiction to Wilbur Smiths books provided a long term liking for South Africa, one of these bucket list things. When our daughter opted to marry a South African, we had no objections to funding a wedding as it would tick off a bucket list thing and better still, get our daughter off our hands. However…

The wedding was utterly brilliant, the organisation and catering in a wildlife park venue a credit to the country. Our impressions of the country were boosted, thanks to South African hosts who ensured we only saw the better parts of Johannesburg, exactly as anyone would do with a guest visiting their home town. The first night was quite memorable, sitting outside with drinks while listening to the sporadic fireworks going off in the distance, looking up at an unfamiliar sky of stars. Of course, the next morning, we discovered the “fireworks” were actually gunshots, due to some sort of gang warfare but it did give a solid reason for the gated area in which we stayed being patrolled by armed guards. We opted to take a walk before breakfast to a nearby supermarket we’d noticed on the way. There was a wonderful sense of familiarity, Ken Bruce of ‘One Year Out’ fame voicing some sort of background radio in the store, creating the opportunity to joke with the cashier. I’d attended the same Primary School as Ken Bruce, thankfully a few years behind him. With a bag of goodies, we returned to our accommodation, one of the staff wanting to walk with us to hear more tales of Scotland.

Inevitably, we received quite a scary talk about personal safety and it was pointed out supermarkets generally don’t provide escorts to ensure their customers get home. In this particular area, the white populace didn’t shop at the local stores and would never, ever, walk the streets to get there. Worse, when asking over breakfast what all the fireworks were for the previous night, incredulity ruled that we didn’t recognise gunfire. Despite this, we continued to thoroughly enjoy our time in the country, especially the lack of Europe’s Orwellian anti-smoking laws back in 2010. But now, as neither of us still smoke and our views have changed, there was something pleasantly familiar on the night of the wedding, people able to indulge their habit in a way which had long been impossible in broken, nanny state, UK.

 

Investec, operating primarily in the UK and South Africa, employs over 8,000 people worldwide and now appear to have a share price worthy of some respect too.

 

Trading higher than at any point since the close of 2018, we’re inclined to look favourably on their prospects for the future. In addition to achieving an official “higher high”, the share price has also broken through and closed above a Blue downtrend which dates back to 2007, each of these things giving an impression something solid may be happening. There’s quite an easy tick box needing attention in the near term as movement above just 592p should trigger gains toward an initial 608p. Longer term, our secondary is at 697p but it may be important to mention The Big Picture is also suggesting a distant sounding 770p as valid, almost exactly matching the shares previous all time highs from 2007.

If things intend go wrong, the share price requires to slump below Red (500p currently) to trigger reversal to an initial 468 with secondary, if broken, at 428p and a probable bottom.

Visually, we like this one.

 

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:00:28PM	BRENT	8511.6									‘cess
10:03:45PM	GOLD	2329
10:36:19PM	FTSE	8192.9	8157	8148	8129	8183	8205	8227	8263	8178
10:41:25PM	STOX50	4918.7									‘cess
10:44:21PM	GERMANY	18153.1									‘cess
10:48:29PM	US500	5490
10:51:54PM	DOW	38840									Success
10:56:41PM	NASDAQ	19920.5	19840	19817	19760	19920	19981	21048	21343	19840
11:04:30PM	JAPAN	38592

 

18/06/2024 FTSE Closed at 8191 points. Change of 0.6%. Total value traded through LSE was: £ 5,177,578,584 a change of -3.32%

17/06/2024 FTSE Closed at 8142 points. Change of -0.05%. Total value traded through LSE was: £ 5,355,562,392 a change of 9.34%

14/06/2024 FTSE Closed at 8146 points. Change of -0.21%. Total value traded through LSE was: £ 4,897,995,674 a change of -10.04%

13/06/2024 FTSE Closed at 8163 points. Change of -0.63%. Total value traded through LSE was: £ 5,444,343,185 a change of -29.92%

12/06/2024 FTSE Closed at 8215 points. Change of 0.83%. Total value traded through LSE was: £ 7,768,504,488 a change of -2.17%

11/06/2024 FTSE Closed at 8147 points. Change of -0.98%. Total value traded through LSE was: £ 7,940,759,501 a change of 69.47%

10/06/2024 FTSE Closed at 8228 points. Change of -0.21%. Total value traded through LSE was: £ 4,685,518,096 a change of -0.6%

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…

---

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

Click Epic to jump to share: LSE:BDEV Barrett Devs** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:RKH Rockhopper** **LSE:TERN Tern Plc** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Barrett Devs, Intercontinental Hotels Group, ITM Power, Rockhopper, Tern Plc, Zoo Digital,

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LSE:BDEV Barrett Devs Close Mid-Price: 481.9 Percentage Change: -1.19% Day High: 493 Day Low: 482.8

If Barrett Devs experiences continued weakness below 482.8, it will invar ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 8264 Percentage Change: + 1.57% Day High: 8332 Day Low: 8174

Continued trades against IHG with a mid-price ABOVE 8332 should improve t ……..

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LSE:ITM ITM Power Close Mid-Price: 47.82 Percentage Change: -0.87% Day High: 49.62 Day Low: 47.82

If ITM Power experiences continued weakness below 47.82, it will invariab ……..

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LSE:RKH Rockhopper. Close Mid-Price: 14.9 Percentage Change: + 0.00% Day High: 15.2 Day Low: 14.5

Target met. Further movement against Rockhopper ABOVE 15.2 should improve ……..

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LSE:TERN Tern Plc Close Mid-Price: 2.2 Percentage Change: -6.38% Day High: 2.35 Day Low: 2.25

Continued weakness against TERN taking the price below 2.25 calculates as ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 65 Percentage Change: + 0.00% Day High: 66.5 Day Low: 64.5

All Zoo Digital needs are mid-price trades ABOVE 66.5 to improve accelera ……..

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

#Gold #SP500  It’s surely only a matter of days until some politician kicks the doors down in some BAE factory, hoping to get their “Election Battle” photograph while poised on a tank or beside some bombs. There is a certain rhythm to these cliché photo opps, though Teresa May managed to put the scheme of pause when the public appreciated she was no Mrs Thatcher, no matter how big the tank was. Of course, the difference with Thatcher was the tank was proud to be photographed with her, the image finding its was into multiple company publicity materials. It would be difficult to anticipate either of the current combatants for No 10 appearing on a sales brochure, except perhaps as distant cardboard targets on a shooting range.

Times have certainly changed!

It has been a few years since we reviewed BAR Systems Plc, still the largest defence contractor in Europe and rated 7th largest in the world league, a veritable “one stop shop” for those interested in exotic target practice and more. Recently, we learned some respect for military gizmo engineering when a good idea fell apart. A secluded shooting range in our garden allows Olympic class target shooting and it seemed a good idea to attach a cell phone camera to a modest sniper scope, intending to increase the zoom while watching the image via a tablet. The brilliant scheme worked perfectly, a bit of white drainage pipe sliding over the the body of the scope and with amble gaffer tape, the camera stayed put. The result was “just like the movies”, right until the point the trigger was pulled. Then, it all quite literally fell apart, suggesting greater success would be achieved with a weapon which didn’t suffer an extreme recoil. Thus, a CO2 cylinder powered .22 was used, something which just gave a gentle tap of recoil. And nope, it didn’t work. As a result, while writing this, my 3d Printer is producing an entirely new set of mountings which will incorporate both the scope and the old Samsung phone camera. But the real question is, “why bother?” Unless the cunning plan for this summer involved shooting wasps, this level of magnification isn’t needed on the 75 yard range.

 

From glancing at the BAE website, it is almost certain the company produce weapons capable of shooting the wings off a Scottish midge, probably while safely located in Barbados. It’s a throwaway observation but this year is proving extremely bad for a pest which is a greater nuisance than a prospective SNP candidate. Quite literally, on Friday I bumped into 3 Forestry workers making their way down the hill, all equipped with big chainsaws.

“You’re chucking it early?” I asked.

“Bloody Midges,” the guy in the lead said. This was quite worrying as forestry staff are famed for being immune to everything, even tourists. But if a plague of midges was sufficient to get them off the hill, it also made a lot of sense to retrace my dog walking route immediately. It transpires this was the correct decision as apparently the local Facebook community page was over-run by complaints. Anyone coming to Scotland’s West Coast on a summer vacation is strongly advised to pack a product called “Avon, Skin so Soft”. The midges hate it and with apologies to Avon, almost as strongly as most wearers detest the oily coating.

 

This year, BAE recently managed break below their strong uptrend and the company share price feels set for some more fairly slight reversals. Presently trading around 1337, below 1320p risks triggering reversal to an initial 1281 with our secondary, if broken, down at an eventual 1221p. Visually, there is some reason to hope for a rebound at such a point.

Of course, we live in a world where BAE doubtless don’t lack customers as they’re unlikely to express a dislike for any of the wars going on. As a result, our converse scenario is fairly interesting with the share price only needing above 1387 to trigger gains in the direction of 1425 with our secondary, if beaten, at 1489 and yet another all time high. We admit the current series of slight reversals feels more like a deliberate slow down, rather than a real reflection of trading conditions.

 

 

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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
1:22:07AM	BRENT	8408.6									Success
1:25:25AM	GOLD	2320.89	2300	2286	2269	2323	2328	2340	2355	2315	Success
1:27:26AM	FTSE	8178.8
1:29:42AM	STOX50	4913.3									Success
1:32:51AM	GERMANY	18174.7									‘cess
1:36:10AM	US500	5476.4	5420	5393	5360	5440	5492	5497	5506	5476	Success
1:39:02AM	DOW	38829.5									Shambles
1:45:25AM	JAPAN	38420									Success

 

17/06/2024 FTSE Closed at 8142 points. Change of -0.05%. Total value traded through LSE was: £ 5,355,562,392 a change of 9.34%

14/06/2024 FTSE Closed at 8146 points. Change of -0.21%. Total value traded through LSE was: £ 4,897,995,674 a change of -10.04%

13/06/2024 FTSE Closed at 8163 points. Change of -0.63%. Total value traded through LSE was: £ 5,444,343,185 a change of -29.92%

12/06/2024 FTSE Closed at 8215 points. Change of 0.83%. Total value traded through LSE was: £ 7,768,504,488 a change of -2.17%

11/06/2024 FTSE Closed at 8147 points. Change of -0.98%. Total value traded through LSE was: £ 7,940,759,501 a change of 69.47%

10/06/2024 FTSE Closed at 8228 points. Change of -0.21%. Total value traded through LSE was: £ 4,685,518,096 a change of -0.6%

7/06/2024 FTSE Closed at 8245 points. Change of -0.48%. Total value traded through LSE was: £ 4,713,927,581 a change of 0.32%

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:BT.A British Telecom** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:JET Just Eat** **LSE:SBRY Sainsbury** **LSE:VOD Vodafone** **

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Updated charts published on : British Telecom, Intercontinental Hotels Group, ITM Power, Just Eat, Sainsbury, Vodafone,

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LSE:BT.A British Telecom Close Mid-Price: 138.65 Percentage Change: -0.64% Day High: 143 Day Low: 136.4

Target met. All British Telecom needs are mid-price trades ABOVE 143 to i ……..

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LSE:IHG Intercontinental Hotels Group Close Mid-Price: 8136 Percentage Change: -0.54% Day High: 8290 Day Low: 8112

Of moderate interest for the near term, above 8315 should next trigger mov ……..

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LSE:ITM ITM Power Close Mid-Price: 48.24 Percentage Change: -2.66% Day High: 50.1 Day Low: 48

Below 48 looks bad, working out with the potential of weakness coming to a ……..

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LSE:JET Just Eat. Close Mid-Price: 1006 Percentage Change: + 1.62% Day High: 1012 Day Low: 978

Just Eat share price continues to eat itself and movement now below 978 th ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 258.8 Percentage Change: + 0.00% Day High: 260.2 Day Low: 257.6

Now below just 252 looks dodgy, risking triggering reversal to an initial ……..

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LSE:VOD Vodafone. Close Mid-Price: 69.78 Percentage Change: + 1.19% Day High: 70.16 Day Low: 69.18

This share has behaved terribly, the recent visit to 68 being – from our p ……..

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

#Brent #Dax  It’s difficult to pinpoint anything enacted by government recently which actually benefits society. We’ve developed a major hatred for a device called a Diesel Particulate Filter (DPF), a gizmo designed to ensure folk in country areas have economically unrepairable diesel vehicles within 5 years. But a new piece of idiocy is the tag on screwtop plastic bottles,  linking the lid to the bottle.

The apparent “green” theory is we unscrew the caps, throw them away, creating a tsunami of bottle tops which haven’t been recycled. Instead, some government “green” committee has decided to make it impossible to unscrew the lid and take a drink of cola. Instead, we’ve a choice. Give the cap a hard pull and risk piercing your lip with the remaining plastic needle or hold the cap aside and pour the contents into a plastic cup. While driving, of course. By any standards, it’s a frankly stupid initiative, one which could have been sunk by a visit to a recycling centre, where it would reveal the vast majority of bottles have their lids refitted. I’m surely not the only person in the world who’s got a bottle of water rolling around on the rear floor of the car, the top firmly sealed and the contents utterly free of taste. Designing a plastic tag to keep the lid attached to the bottle serves no purpose, other than giving a bunch of “green” idiots an illusion they are being useful. They are not, the cap still needs detached to be recycled as it’s a plastic, whereas the polyethylene bottle has its own shredded destiny ahead.

And thus, if you find yourself in a position of challenging a political candidate with a difficult question, why not select either of the subjects above. You could ask about retail banks share prices, politicians always able to produce a master-class in “the Goldfish” impression as they open and close their mouths without sound coming out. But it’s the apparent inability of politicians to actually do anything useful which causes frustration and for this voter personally, July 4th shall doubtless involve a day at the beach, once the words “none of the above” have been scrawled on the ballot paper.

 

When we previously reviewed Natwest, we cheerfully provided a reason for some optimism, giving share price closure above 315p as providing almost certain hope. In the intervening period, the share has achieved this ambition on three occasions, utterly failing to do anything useful thereafter. Worse, it has created a fairly nasty near term scenario where weakness below 300p risks promoting reversal to an initial 285p with our secondary, if broken, at 278p and hopefully a bounce.

It is probably folly to pretend any optimism until the trough at Westminster refills on July 5th. We can point out movement above 320p now calculates with the potential of a lift to 338p next with our secondary, if exceeded, working out at 335p and almost certain hesitation. But for now, we’re as confident of this as believing politicians shall ever have the courage to unwind some of the ridiculous green regulations which continue to make no sense.

 

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
10:04:11PM	BRENT	8245.9	8077	7652	7148	8325	8268	8286	8306	8235
10:10:17PM	GOLD	2332.44								2323
10:47:27PM	FTSE	8173.8								8163
10:50:24PM	STOX50	4839.3								4842
10:52:30PM	GERMANY	18000.4	17949	17544	17081	18204	18114	18129	18189	18023
10:57:00PM	US500	5430.5								5424
11:00:27PM	DOW	38554.5								38601
11:04:19PM	NASDAQ	19667								19654
11:06:13PM	JAPAN	38501								38440

 

14/06/2024 FTSE Closed at 8146 points. Change of -0.21%. Total value traded through LSE was: £ 4,897,995,674 a change of -10.04%

13/06/2024 FTSE Closed at 8163 points. Change of -0.63%. Total value traded through LSE was: £ 5,444,343,185 a change of -29.92%

12/06/2024 FTSE Closed at 8215 points. Change of 0.83%. Total value traded through LSE was: £ 7,768,504,488 a change of -2.17%

11/06/2024 FTSE Closed at 8147 points. Change of -0.98%. Total value traded through LSE was: £ 7,940,759,501 a change of 69.47%

10/06/2024 FTSE Closed at 8228 points. Change of -0.21%. Total value traded through LSE was: £ 4,685,518,096 a change of -0.6%

7/06/2024 FTSE Closed at 8245 points. Change of -0.48%. Total value traded through LSE was: £ 4,713,927,581 a change of 0.32%

6/06/2024 FTSE Closed at 8285 points. Change of 0.47%. Total value traded through LSE was: £ 4,698,915,634 a change of -17.77%

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:BDEV Barrett Devs** **LSE:BME B & M** **LSE:BT.A British Telecom** **LSE:OPG OPG Power Ventures** **LSE:QED Quadrise** **

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Updated charts published on : Avacta, Barrett Devs, B & M, British Telecom, OPG Power Ventures, Quadrise,

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LSE:AVCT Avacta. Close Mid-Price: 40.25 Percentage Change: + 0.62% Day High: 40.5 Day Low: 39.75

Weakness on Avacta below 39.75 will invariably lead to 39p with secondary ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 488.9 Percentage Change: -2.26% Day High: 502.2 Day Low: 486.2

Continued weakness against BDEV taking the price below 486.2 calculates a ……..

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LSE:BME B & M Close Mid-Price: 463 Percentage Change: -0.43% Day High: 466.2 Day Low: 459.9

In the event B & M experiences weakness below 459.9 it calculates with a ……..

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LSE:BT.A British Telecom. Close Mid-Price: 139.55 Percentage Change: + 3.37% Day High: 139.6 Day Low: 134.95

Further movement against British Telecom ABOVE 139.6 should improve accel ……..

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LSE:OPG OPG Power Ventures Close Mid-Price: 10.1 Percentage Change: -1.46% Day High: 10.4 Day Low: 10.15

Weakness on OPG Power Ventures below 10.15 will invariably lead to 9.4 wi ……..

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LSE:QED Quadrise. Close Mid-Price: 2.48 Percentage Change: + 6.45% Day High: 2.5 Day Low: 2.34

Continued trades against QED with a mid-price ABOVE 2.5 should improve th ……..

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

#FTSE #Nasdaq Perhaps it’s an election season thing but we must admit we’re experiencing some difficulty making sense out of many recent market movements. At times, such as on Thursday, the look on our faces was probably akin to US President Bidet when he’s searching for a clue as to where (and who) he is. The FTSE had enjoyed a fairly well travelled day, yet market futures from 5pm simply ran out of inspiration.

From our perspective, it was a fairly big deal!

 

The market was “supposed” to reach 8140 points and bounce, according to our Big Picture calculations yet the lowest it achieved was just 8147 points followed by a weak bounce. Sometimes, a price drop bouncing above a target level is an indicator of inherent strength.  What was interesting came from the nature of the bounce, market recovering to around 8170 before effectively spending the next four hours flatlining. With the actual market opting to close the day around 8160 points, we thought we’d witnessed an early signal of Friday providing some upward entertainment but this has not been reflected in after hours futures. Instead, the Futures market ended the day at 8160, causing a degree of head scratching.

If we choose to take a pseudo optimistic viewpoint, perhaps what we witnessed was the Futures market closing stable, creating a situation where the FTSE shall open without the danger of any spike upward or downward, letting the market do its own thing for a change. Should this scenario indeed prove to be the case, some hope is presented with an initial hope movement next above 8165 will next trigger index recovery to an initial useless 8178 points. If triggered, the stop loss can be at 8145 points, fairly tight given our next scale of ambition. In the event 8178 is exceeded, our secondary is more useful at 8207 points. In this scenario, we’re able to give a third tier hope at 8242, along with a fairly strong hope next week shall be upwardly buoyant on the FTSE.

 

As always, we’ve a converse scenario and this one is quite unpleasant, calculating with the threat of weakness below 8145 triggering reversal to an initial 8090 points with our secondary, if the initial target breaks, working out at an unlikely looking 7996 points. In this instance, we rather think Friday should provide a day of gains on the FTSE. Unless, of course, the UK ruling party appoint Truss & Boris to replace the deity PM Sunak, simply because either one of them achieved higher polling ratings than the highly esteemed current Prime Minister.

 

 

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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
9:44:41PM	BRENT	8202.9	8171	8127	8071	8273	8295	8370	8600	8171
9:48:33PM	GOLD	2303.32	2296	2292	2275	2306	2328	2360	2384	2317
9:57:33PM	FTSE	8159	8145	8121	8080	8180	8213	8236	8266	8173	‘cess
10:00:37PM	STOX50	4942.3	4926	4916	4873	4956	4998	5022	5054	4939	‘cess
10:03:12PM	GERMANY	18283.2	18230	18192	18037	18327	18480	18550	18657	18370	Success
10:05:41PM	US500	5430	5403	5399	5383	5423	5446	5456	5474	5419
10:09:41PM	DOW	38609	38403	38282	37992	38702	38728	38846	38994	38616	‘cess
10:12:48PM	NASDAQ	19579.5	19476	19441	19368	19520	19662	19705	19781	19552	‘cess
10:15:42PM	JAPAN	38584	38395	38259	37896	38567	38859	38980	39175	38681	Success

 

13/06/2024 FTSE Closed at 8163 points. Change of -0.63%. Total value traded through LSE was: £ 5,444,343,185 a change of -29.92%

12/06/2024 FTSE Closed at 8215 points. Change of 0.83%. Total value traded through LSE was: £ 7,768,504,488 a change of -2.17%

11/06/2024 FTSE Closed at 8147 points. Change of -0.98%. Total value traded through LSE was: £ 7,940,759,501 a change of 69.47%

10/06/2024 FTSE Closed at 8228 points. Change of -0.21%. Total value traded through LSE was: £ 4,685,518,096 a change of -0.6%

7/06/2024 FTSE Closed at 8245 points. Change of -0.48%. Total value traded through LSE was: £ 4,713,927,581 a change of 0.32%

6/06/2024 FTSE Closed at 8285 points. Change of 0.47%. Total value traded through LSE was: £ 4,698,915,634 a change of -17.77%

5/06/2024 FTSE Closed at 8246 points. Change of 0.17%. Total value traded through LSE was: £ 5,714,375,018 a change of -25.64%

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:BME B & M** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:PMG Parkmead** **

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Updated charts published on : Avacta, B & M, Diageo, Empyrean, Parkmead,

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LSE:AVCT Avacta Close Mid-Price: 40 Percentage Change: -0.62% Day High: 40.25 Day Low: 40

Continued weakness against AVCT taking the price below 40 calculates as l ……..

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LSE:BME B & M Close Mid-Price: 465 Percentage Change: -1.75% Day High: 471.4 Day Low: 464.1

Target met. Continued weakness against BME taking the price below 464.1 c ……..

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LSE:DGE Diageo Close Mid-Price: 2574.5 Percentage Change: -1.40% Day High: 2610 Day Low: 2561

In the event Diageo experiences weakness below 2561 it calculates with a ……..

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LSE:EME Empyrean Close Mid-Price: 0.22 Percentage Change: -33.82% Day High: 0 Day Low: 0

Target met. Continued weakness against EME taking the price below 0.22p c ……..

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LSE:PMG Parkmead Close Mid-Price: 12.5 Percentage Change: -3.85% Day High: 13 Day Low: 12.25

If Parkmead experiences continued weakness below 12.25, it will invariabl ……..

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

#Stoxx #SP500  Few things get our attention more quickly than when some fairly respected writers start describing a share as “cheap” or a “bargain”. Quite how their vast reserves of wisdom allow them to use such hyperbole utterly escapes us as there is no such thing as a “cheap” share. At best, there’s a balance of probabilities but more usually, it’s a case of how impressed the analyst may have been about whatever ‘Important Presentation & Dinner’ they were invited to. Or maybe they’ve actually done the work and given the fundamentals a seriously hard look.

I’ve an abiding memory of an acquaintance waxing lyrical about a particular hotel group and their hospitality. He and his wife had been flown to a presentation, wined and dined all weekend, the Sunday afternoon spoiled by a 45 minute presentation on the companies plans for expansion. His enthusiasm lacked any bounds, especially as he was now on first name terms with the board. Deciding to wait a week or two after his first enthusiastic article appeared, we presented our (usual) dispassionate look at the companies prospects from our perspective. The prospects were foul, the market already having drawn its own conclusions, and despite a mini share price rally with some positive articles appearing, the writing was on the wall. The usual script was followed thereafter, a profit warning, a panic share price consolidation, but within 18 months they were delisted from the AIM, the company entering liquidation.

 

In any case, how can National Grid be described as “Cheap”. Their share price is at levels repeatedly seen since 2014, so at best it should be described as stable! Here in Scotland, the company are certainly not well thought of, charging producers £4.70 per MWh to connect, along with £7.36/MWh to connect in the Scottish Highlands. Meanwhile, in Englands and Wales, the same action is currently just 49p and in the south of England, electricity generators are actually paid by National Grid to connect to the grid. Unsurprisingly, Scotland has the most expensive electricity in the UK, despite covering 52% of National Grids network, being a net exporter of energy. In summary, are we’re based in Scotland, we obviously have a distinct bias against National Grid, the company complaining the price disparity if due to actions by the UK Government and their hands are tied.

 

National Grid share price is currently down 17% from the point they started 2024, at 1057p. An irritated series of share price movements (circled) toward the end of May saw the share price break below the uptrend since 2018. This is a worry, following on from two strong Gap Down movements by the market and maybe giving early warning for further falls ahead. It’s certainly now the case where below 859p risks triggering reversal to 822p with our longer term secondary, if broken, at 714p. Visually, there’s a fairly solid implication some sort of bounce can be anticipated, should this secondary make a shocking appearance.

 

Our usual, converse, scenario examines what to expect, if National Grid intends head upward. We’re inclined to assign a share price of 950p as a trigger level, one which if exceeded should promote price recovery to an initial 1,000p with our secondary, if beaten, at 1,077p. Thanks to the collection of large gaps, we’re unable to confidently predict anything above 1,077p at present but we shall revisit this in future, if things start to attain any degree of sanity.

 

 

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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
11:06:02PM	BRENT	8243.1
11:16:47PM	GOLD	2323.56									Success
11:23:11PM	FTSE	8213.6									Success
11:35:17PM	STOX50	5037.8	4999	4928	4876	5045	5044	5076	5121	5018	Success
11:38:27PM	GERMANY	18643									Success
12:27:54AM	US500	5429.3	5409	5405	5391	5426	5447	5470	5513	5410	Success
12:30:34AM	DOW	38691.5									Success
12:34:44AM	NASDAQ	19564.6									‘cess
12:38:20AM	JAPAN	39160

 

12/06/2024 FTSE Closed at 8215 points. Change of 0.83%. Total value traded through LSE was: £ 7,768,504,488 a change of -2.17%

11/06/2024 FTSE Closed at 8147 points. Change of -0.98%. Total value traded through LSE was: £ 7,940,759,501 a change of 69.47%

10/06/2024 FTSE Closed at 8228 points. Change of -0.21%. Total value traded through LSE was: £ 4,685,518,096 a change of -0.6%

7/06/2024 FTSE Closed at 8245 points. Change of -0.48%. Total value traded through LSE was: £ 4,713,927,581 a change of 0.32%

6/06/2024 FTSE Closed at 8285 points. Change of 0.47%. Total value traded through LSE was: £ 4,698,915,634 a change of -17.77%

5/06/2024 FTSE Closed at 8246 points. Change of 0.17%. Total value traded through LSE was: £ 5,714,375,018 a change of -25.64%

4/06/2024 FTSE Closed at 8232 points. Change of -0.36%. Total value traded through LSE was: £ 7,684,560,050 a change of 30.84%

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:BME B & M** **LSE:GENL Genel** **LSE:PHP Primary Health** **LSE:RR. Rolls Royce** **

********

Updated charts published on : B & M, Genel, Primary Health, Rolls Royce,

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LSE:BME B & M Close Mid-Price: 473.3 Percentage Change: -2.41% Day High: 483.3 Day Low: 471.4

Target met. Weakness on B & M below 471.4 will invariably lead to 466p wi ……..

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LSE:GENL Genel Close Mid-Price: 99 Percentage Change: -2.56% Day High: 103 Day Low: 97.7

All Genel needs are mid-price trades ABOVE 103 to improve acceleration to ……..

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LSE:PHP Primary Health. Close Mid-Price: 91.9 Percentage Change: + 1.43% Day High: 92.9 Day Low: 89.8

Target met. If Primary Health experiences continued weakness below 89.8, ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 469.4 Percentage Change: + 0.95% Day High: 472.1 Day Low: 461.6

Continued trades against RR. with a mid-price ABOVE 472.1 should improve ……..

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